8208 W Keefe Ave · Milwaukee, WI 53222

$129,900

3 bd · 1.0 ba · 992 sqft · SingleFamily public records · 11 Days on market

Built 1955 5,227 sqft lot Est $221k · 41% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.2/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +6.8/10.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity knocks at 8208 W Keefe Ave! This fixer-upper is perfect for CASH investors, rehabbers, or buyers looking to build equity. Featuring solid bones and a functional layout, this property is ready for your vision and updates. Spacious living areas, generous lot, and strong potential for value-add improvements. Ideal for a renovation project, rental portfolio addition, or flip. Conveniently located near parks, schools, and local amenities. Bring your ideas and transform this diamond in the rough into something special. Property is being sold as-is--don't miss this chance to invest in a promising opportunity!Property will not qualify for financing! CASH Buyers Only!

Key facts

• Strong potential
• Solid bones
• Generous lot

Tags

• SOLID BONES
• FUNCTIONAL LAYOUT
• SPACIOUS LIVING AREAS
• GENEROUS LOT
• STRONG POTENTIAL
• VALUE-ADD IMPROVEMENTS

Property features AI

Exterior

• Parking: Detached 1-car garage; Approximately 1.5 garage parking spaces total
• Utilities: Municipal water; Municipal sewer; Natural gas service
• Home design: Single-family, one-story home; Entry level: main
• Construction: Aluminum / aluminum-steel siding; Full block foundation
• Exterior features: Aluminum / aluminum-steel exterior; Lot under 1/2 acre (approx. 0.12 acre); Residential zoning

Interior

• Kitchen: Kitchen on main level, approx. 13 x 11
• Bedrooms: Master bedroom on main level, approx. 14 x 12; Second bedroom on main level, approx. 12 x 10; Third bedroom on main level, approx. 11 x 11
• Flooring: Wood floors
• Bathrooms: One full bathroom with tub only
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Wood floors; Full block basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $235 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Cap rate 8.5% vs local median 5.1% in Milwaukee — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#55 in WI, #1,534 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D+, schools F, crime F.
• Milwaukee School District (urban): math 10% / reading 18% proficiency, ranked #337 of 342 in WI (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.9%/yr); 64 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Milwaukee County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $55k; list at $130k implies a 137% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $129,900

Questions for the listing agent

1. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.18% ✓
• Cap rate: 8.47%
• Cash-on-cash: 7.76%
• DSCR: 1.35
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $221,216
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8208 W Keefe Ave	0.00mi	3/1.0	992 (0%)	1mo	$126,000	$127	99
8441 W Lisbon Ave	0.20mi	3/2.0	1,078 (+9%)	2mo	$240,000	$223	70
3456 N 79th St	0.26mi	3/1.0	1,090 (+10%)	1mo	$232,000	$213	70
8435 W Townsend St	0.22mi	3/1.0	1,108 (+12%)	2mo	$210,000	$190	68
8901 W Lisbon Ave #8903	0.41mi	3/1.5	912 (-8%)	1mo	$255,000	$280	65
3630 N 84th St	0.13mi	2/1.0 (-1)	1,140 (+15%)	1mo	$218,000	$191	63
3528 N 92nd St	0.60mi	2/2.0 (-1)	1,002 (+1%)	1mo	$240,000	$240	60
2911 N 82nd St	0.75mi	2/1.0 (-1)	1,011 (+2%)	1mo	$260,000	$257	56
3922 N 80th St	0.44mi	3/1.0	1,134 (+14%)	1mo	$240,000	$212	55
3318 N 91st St	0.59mi	3/1.0	1,107 (+12%)	1mo	$175,000	$158	52
2961 N 78th St	0.73mi	2/1.0 (-1)	1,082 (+9%)	1mo	$302,000	$279	45
7719 W Fiebrantz Ave	0.69mi	3/2.0	1,114 (+12%)	2mo	$273,900	$246	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.85% rent growth · sell at horizon

5-year hold

• IRR: -4.6%
• Equity multiple: 0.83×
• Total profit: $-6,229
• Equity at exit: $19,369

10-year hold

• IRR: 5.0%
• Equity multiple: 1.36×
• Total profit: $13,203
• Equity at exit: $11,231

Cash invested: $36,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Wisconsin: 73 Landlord-Friendly · R+2
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; Madison / Milwaukee have some local enforcement.

Methodology + full state rankings →

ZIP-level market 53222

• Rents YoY: 2.9%
• Active inventory: 64
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,527 high
• Mortgage (P&I): −$681
• Tax from tax record: −$236 /mo · $2,833/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $235

Break-even live

Break-even rent $1,230

Max offer price $129,900

Occupancy floor 80%

Sensitivity live

Price	-10% $309	-5% $272	+0% $235	+5% $198	+10% $162
Rent	-10% $115	-5% $175	+0% $235	+5% $296	+10% $356
Rate	-1.0pp $301	-0.5pp $268	base $235	+0.5pp $202	+1.0pp $167

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9016 N 90th St Unit 8854 103 Milwaukee, WI	2.0	1.5	950	$1,299	$1.37	25d	1	0.51mi
9016 N 90th St Unit 8856 202 Milwaukee, WI	3.0	1.5	1100	$1,799	$1.64	45d	1	0.51mi
9016 N 90th St Unit 9002 202 Milwaukee, WI	3.0	1.5	1100	$1,599	$1.45	16d	1	0.51mi
9016 N 90th St Unit 8858 204 Milwaukee, WI	2.0	1.0	975	$1,299	$1.33	6d	1	0.51mi
9016 N 90th St Unit 5004 204 Milwaukee, WI	2.0	1.0	975	$1,199	$1.23	17d	1	0.51mi
9016 N 90th St Unit 8873 103 Milwaukee, WI	2.0	1.5	950	$1,399	$1.47	6d	1	0.51mi
9016 N 90th St Unit 9012 202 Milwaukee, WI	3.0	1.5	1100	$1,699	$1.54	17d	1	0.51mi
9016 N 90th St Unit 8854 202 Milwaukee, WI	3.0	1.5	1100	$1,599	$1.45	17d	1	0.51mi
4052 N 85th St Milwaukee, WI	3.0	1.0	1113	$1,500	$1.35	6d	1	0.59mi
4141 N 84th St Unit 4141 Milwaukee, WI	2.0	1.0	950	$1,300	$1.37	45d	1	0.69mi
6960 W Appleton Ave Apt 4 Milwaukee, WI	2.0	1.0	750	$1,100	$1.47	45d	1	0.82mi
4278 N 84th St Unit 1 Milwaukee, WI	2.0	1.0	750	$995	$1.33	25d	1	0.84mi
4175 N 91st St Milwaukee, WI	2.0	1.0	855	$1,099	$1.29	45d	1	0.92mi
4272 N 91st St #4274 Milwaukee, WI	3.0	1.5	1100	$1,495	$1.36	45d	1	1.00mi
4315 N 90th St Unit 4 Milwaukee, WI	2.0	1.0	750	$995	$1.33	14d	1	1.01mi
8244 W Center St Unit NA Milwaukee, WI	2.0	1.0	920	$1,800	$1.96	6d	1	1.03mi
4309 N 91st St Unit Upper Milwaukee, WI	3.0	1.0	1100	$1,395	$1.27	45d	1	1.04mi
4153 N 68th St Milwaukee, WI	3.0	1.0	1025	$1,700	$1.66	45d	1	1.13mi
8043 W Appleton Ave Milwaukee, WI	2.0	1.0	900	$1,200	$1.33	16d	1	1.25mi
6319 W Girard Ave Milwaukee, WI	2.0	1.0	1100	$1,375	$1.25	45d	1	1.40mi

Listing history 5 events

1. 2026-05-18
   status Active
2. 2026-04-24
   status Pending
3. 2026-04-22
   listed $129,900 Active
4. 2026-04-17
   soldstatus $54,700
5. 1971-06-01
   soldstatus $17,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast WI · Partial reset (capped growth)

• Current annual tax: $2,833 · $236/mo
• Projected year-2 tax: $2,833 · $236/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥100°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,329
• − Mortgage interest: −$7,276
• − Property taxes: −$2,833
• − Insurance: −$650
• − Repairs & maintenance: −$1,466
• − Management: −$1,466
• − Depreciation: −$3,779
• Taxable income: $858
• Est. tax owed @ 24.0%: −$206
• After-tax cash flow: $2,617/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Milwaukee School District
• NCES district ID: 5509600
• Math proficiency: 10% ▼ -5.00%
• Reading proficiency: 18% ▬ 0.00%
• Median HH income: $36,339
• Composite: 11.61/100
• National rank: #9696
• State rank: #337 of 342 in WI

Livability — Milwaukee

• Score: 81/100
• State rank: #55
• US rank: #1534

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Milwaukee, WI
• County: Milwaukee County · 926,379 people
• City population: 573,768
• Metro: Milwaukee-Waukesha, WI
• Population (ZIP): 24,663
• Household income: $76,980
• Rent vs Own: 33.1% rent · 66.9% own
• Severe rent burden: 867.0

Population outlook (Milwaukee County) Hauer SSP2

• Today (2025): 995,758 people
• By 2030: 1,009,124 · +1.3%
• By 2040: 1,028,128 · +3.3%
• By 2050: 1,040,066 · +4.4%
• By 2075: 1,057,849 · +6.2%
• By 2100: 1,039,774 · +4.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 53% Black 33% Two or more races 9% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 6% Portuguese 3% Lithuanian 2%
• Foreign-born: 4% · Canada, China
• Languages at home: 93% English-only · Spanish 3% German/W. Germanic 1% French/Haitian/Cajun 1%

Political lean MEDSL · Milwaukee

• 2024 margin: Solid D (+38.5) · D 68.3% · R 29.8% · Other 1.8%
• 2008→2024 swing: +2.7pp toward D · 2008: 35.9pp · 2024: 38.5pp
• All cycles: 2024: D+38.5 2020: D+39.9 2016: D+37.5 2012: D+34.6 2008: D+35.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -160.15%
• Current HPI: 264.2798
• Rent YoY: ▲ 2.85%
• Metro: Milwaukee-Waukesha, WI
• State GDP YoY: ▲ 2.10%
• F500 in state: 20

Industry mix (Fortune 500 HQ in WI)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$23B
▸Industrial Technology	2	$36B
▸Insurance	1	$36B
▸Professional Services	1	$19B
▸Utilities	1	$9B
▸Consumer Goods	1	$3B

Price history

+642.3% since first listed

5 events — show timeline

• 2026-05-18 Relisted — METROMLS
• 2026-04-24 Pending — METROMLS
• 2026-04-22 Listed $129,900 METROMLS
• 2026-04-17 Sold (Public Records) $54,700 Public Records
• 1971-06-01 Sold (Public Records) $17,500 Public Records

Property tax history

+2.7%/yr

Latest (2024): $2,833 · -8.1% YoY. Source: county tax records.