543 W 4th Ave · Oshkosh, WI 54902

$119,000

2 bd · 1.0 ba · 816 sqft · SingleFamily public records · 35 Days on market

Built 1920 6,098 sqft lot $146/sqft · 27% below area Est $163k · 27% under

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Why this score? — see what drove the B 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 +26.4/30.0
• ARV discount +15.0/15.0
• DSCR +9.0/10.0
• 1% rule +7.3/10.0
• Livability +4.2/5.0
• Rent growth +3.2/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Affordable opportunity awaits with this charming 2-bedroom ranch featuring a nice-sized fenced backyard perfect for pets, play, or entertaining. Whether you're searching for an affordable owner-occupied home or looking to expand your investment portfolio, this property offers excellent potential. Recent updates include a new water heater for added peace of mind. Convenient location close to shopping, restaurants, and everyday amenities makes this home an easy choice for homeowners and investors alike!

Key facts

• New furnace
• Newer front porch
• Convenient location

Tags

• FENCED BACKYARD
• NEWER FRONT PORCH
• NEW FURNACE
• CONVENIENT LOCATION

Property features AI

Finance

• Other: Includes refrigerator and stove; Excludes seller/tenant personal property

Exterior

• Utilities: Municipal water; Municipal sewer
• Home design: Single-family home; Shared wall/adjoining unit; One story; Less than 1/2 acre lot; Residential zoning; Year built: Other (see remarks)
• Construction: Vinyl siding
• Exterior features: Patio; Fenced yard; Garden shed; Vinyl exterior

Interior

• Kitchen: Oven; Range; Refrigerator
• Bedrooms: Main-level primary bedroom approximately 12 x 8; Main-level second bedroom approximately 8 x 6
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas fuel
• Interior features: Cable/satellite available

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $119k.

Deal economics

• At list price, monthly cash flow is $309 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $119k).
• Recommended offer: $115k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 3.7% in Oshkosh — 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 85/100 on livability (#29 in WI, #574 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+.
• Oshkosh Area School District (urban): math 33% / reading 34% proficiency, ranked #246 of 342 in WI (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.6%/yr); 44 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 652 units permitted in Winnebago County in 2024 (333 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $823 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Winnebago County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($115k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $53k; list at $119k implies a 125% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $115,430 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.23% ✓
• Cap rate: 9.41%
• Cash-on-cash: 11.14%
• DSCR: 1.50
• GRM: 6.8

CMA / ARV

• ARV (median comp): $163,053
• List price: $119,000
• Delta: -27.02%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
680 W 5th Ave	0.20mi	2/1.0	834 (+2%)	7mo	$120,000	$144	81
540 W 10th Ave	0.30mi	3/1.0 (+1)	836 (+2%)	2mo	$163,000	$195	76
704 Bismarck Ave	0.24mi	2/1.0	860 (+5%)	6mo	$145,900	$170	74
356 W 9th Ave	0.32mi	3/1.0 (+1)	800 (-2%)	4mo	$185,000	$231	74
843 Bismarck Ave	0.43mi	2/1.0	776 (-5%)	4mo	$160,000	$206	69
921 W 9th Ave	0.52mi	2/1.0	820 (+0%)	9mo	$144,000	$176	68
403 W 6th Ave	0.23mi	2/1.0	928 (+14%)	3mo	$169,900	$183	64
828 W 10th Ave	0.45mi	2/1.0	756 (-7%)	11mo	$142,500	$188	57
1114 Knapp St	0.66mi	2/1.0	768 (-6%)	9mo	$160,000	$208	52
551 W 16th Ave	0.73mi	2/1.0	882 (+8%)	7mo	$159,900	$181	47
919 W 12th Ave	0.64mi	3/1.0 (+1)	900 (+10%)	9mo	$175,925	$195	40

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 · 2.6% rent growth · sell at horizon

5-year hold

• IRR: -0.1%
• Equity multiple: 1.00×
• Total profit: $-128
• Equity at exit: $17,743

10-year hold

• IRR: 9.2%
• Equity multiple: 1.69×
• Total profit: $23,023
• Equity at exit: $10,289

Cash invested: $33,320 (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 54902

• Rents YoY: 2.6%
• Active inventory: 44
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,462 high
• Mortgage (P&I): −$624
• Tax from tax record: −$172 /mo · $2,059/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $309

Break-even live

Break-even rent $1,070

Max offer price $119,000

Occupancy floor 74%

Sensitivity live

Price	-10% $377	-5% $343	+0% $309	+5% $276	+10% $242
Rent	-10% $194	-5% $252	+0% $309	+5% $367	+10% $425
Rate	-1.0pp $369	-0.5pp $340	base $309	+0.5pp $279	+1.0pp $247

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
532 W 5th Ave Oshkosh, WI	2.0	1.0	1120	$2,495	$2.23	44d	1	0.05mi
405 Michigan St Unit 1061622P Oshkosh, WI	2.0	1.0	1097	$2,526	$2.30	21d	1	0.09mi
648 W 10th Ave Unit 648A Oshkosh, WI	2.0	1.0	704	$1,000	$1.42	14d	1	0.33mi
500 Marion Rd Oshkosh, WI	2.0	2.0	840	$1,225	$1.46	14d	1	0.41mi
417 Marion Rd Oshkosh, WI	1.0–2.0	1.0–2.0	778	$2,500	$3.21	14d	10	0.45mi
212 W 8th Ave Oshkosh, WI	2.0	1.0	1100	$1,099	$1.00	21d	1	0.50mi
155 Jackson St Oshkosh, WI	2.0	1.0–2.0	716	$1,775	$2.48	21d	8	0.51mi
106 W 9th Ave Oshkosh, WI	2.0	1.0	900	$995	$1.11	44d	1	0.61mi
512 Algoma Blvd Unit 204 Oshkosh, WI	1.0	1.0	600	$899	$1.50	44d	1	0.66mi
512 Algoma Blvd Unit 210 Oshkosh, WI	1.0	1.0	600	$849	$1.42	14d	1	0.66mi
512 Algoma Blvd Unit 303 Oshkosh, WI	1.0	1.0	600	$799	$1.33	14d	1	0.67mi
512 Algoma Blvd Unit 212 Oshkosh, WI	2.0	1.0	900	$999	$1.11	14d	1	0.67mi
8 W 9th Ave Unit 200 Oshkosh, WI	2.0	1.0	792	$1,295	$1.64	44d	1	0.70mi
100 N Main St Oshkosh, WI	2.0	2.0	1100	$1,495	$1.36	14d	1	0.74mi
135 Church Ave Unit 3 Oshkosh, WI	1.0	1.0	550	$1,500	$2.73	44d	1	0.75mi
1119 S Main St Unit 1121 Oshkosh, WI	3.0	1.0	1066	$1,250	$1.17	21d	1	0.80mi
35 W 14th Ave Unit 35A Oshkosh, WI	2.0	1.0	1000	$1,000	$1.00	44d	1	0.86mi
416 W 17th Ave Unit 416 Oshkosh, WI	3.0	1.5	1100	$1,450	$1.32	44d	1	0.88mi
728 Wisconsin St Oshkosh, WI	2.0–3.0	1.0	950	$1,100	$1.16	44d	2	0.89mi
728 Wisconsin St Apt 3 Oshkosh, WI	2.0	1.0	950	$1,100	$1.16	21d	1	0.89mi
578 N Main St Unit A Oshkosh, WI	1.0	1.0	600	$950	$1.58	44d	1	0.91mi
524 Jefferson St Unit 4 Oshkosh, WI	1.0	1.0	550	$750	$1.36	21d	1	0.91mi
579 Mount Vernon St Oshkosh, WI	1.0	1.0	650	$899	$1.38	21d	1	0.98mi
1668 Oregon St Unit 1668A (upper) Oshkosh, WI	1.0	1.0	812	$1,000	$1.23	44d	1	0.98mi
1317 Southland Ave Unit 1319-203 Oshkosh, WI	2.0	1.0	825	$999	$1.21	21d	1	1.00mi
650 N Main St Oshkosh, WI	1.0–3.0	1.0–2.0	925	$1,524	$1.65	21d	12	1.05mi
512 School Ave Oshkosh, WI	2.0	1.0	825	$1,295	$1.57	14d	1	1.07mi
1745 Oregon St Oshkosh, WI	1.0–3.0	1.0–2.0	1079	$1,282	$1.19	14d	6	1.07mi
919 Wright St Unit A Oshkosh, WI	3.0	1.0	1100	$1,100	$1.00	44d	1	1.13mi
1510 Witzel Ave Oshkosh, WI	3.0	2.0	950	$1,399	$1.47	14d	1	1.14mi
622 Grand St Oshkosh, WI	2.0	1.0	900	$895	$0.99	44d	1	1.16mi
314 W 19th Ave Oshkosh, WI	1.0	1.0	650	$799	$1.23	44d	1	1.16mi
1114 Cherry St Oshkosh, WI	2.0	1.0	800	$1,095	$1.37	21d	1	1.19mi
835 Waugoo Ave Unit A Oshkosh, WI	2.0	1.0	1000	$995	$0.99	44d	1	1.29mi
548 Bowen St Oshkosh, WI	2.0	1.0	900	$850	$0.94	14d	1	1.32mi
1255 W 18th Ave Oshkosh, WI	1.0–2.0	1.0–2.0	771	$925	$1.20	14d	1	1.33mi
1115 Moreland St Apt 4 Oshkosh, WI	2.0	1.0	700	$1,195	$1.71	14d	1	1.38mi
1270 W 20th Ave Unit 1228 Oshkosh, WI	2.0	1.5	950	$1,649	$1.74	21d	1	1.47mi
1270 W 20th Ave Unit 1264 Oshkosh, WI	2.0	1.5	950	$1,599	$1.68	44d	1	1.47mi
1740 Lombard Ave Oshkosh, WI	2.0	1.0	825	$1,149	$1.39	14d	4	1.47mi

Listing history 20 events

1. 2026-06-19
   days on market $119,000 Active 35 DOM
2. 2026-06-18
   days on market $119,000 Active 34 DOM
3. 2026-06-17
   days on market $119,000 Active 33 DOM
4. 2026-06-16
   days on market $119,000 Active 32 DOM
5. 2026-06-15
   days on market $119,000 Active 31 DOM
6. 2026-06-14
   days on market $119,000 Active 29 DOM
7. 2026-06-13
   days on market $119,000 Active 28 DOM
8. 2026-06-10
   days on market $119,000 Active 26 DOM
9. 2026-06-09
   days on market $119,000 Active 25 DOM
10. 2026-06-08
    days on market $119,000 Active 24 DOM
11. 2026-06-07
    days on market $119,000 Active 23 DOM
12. 2026-06-03
    price $119,000 Active 18 DOM
13. 2026-06-02
    days on market $129,000 Active 18 DOM
14. 2026-06-01
    days on market $129,000 Active 17 DOM
15. 2026-05-31
    days on market $129,000 Active 16 DOM
16. 2026-05-30
    days on market $129,000 Active 15 DOM
17. 2026-05-15
    listed $129,000 Active 506-char remark
18. 2018-05-31
    soldstatus $53,000
19. 2005-09-21
    soldstatus $52,000
20. 2003-08-12
    soldstatus $26,400

ⓘ 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: $2,059 · $172/mo
• Projected year-2 tax: $2,130 · $178/mo
• Expected delta: +$71/yr (+$6/mo · 3.5%)

ⓘ 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 ≥97°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,538
• − Mortgage interest: −$6,666
• − Property taxes: −$2,059
• − Insurance: −$595
• − Repairs & maintenance: −$1,403
• − Management: −$1,403
• − Depreciation: −$3,462
• Taxable income: $1,950
• Est. tax owed @ 24.0%: −$468
• After-tax cash flow: $3,244/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: Oshkosh Area School District
• NCES district ID: 5511190
• Math proficiency: 33% ▼ -7.00%
• Reading proficiency: 34% ▼ -2.00%
• Median HH income: $48,048
• Composite: 28.92/100
• National rank: #6634
• State rank: #246 of 342 in WI

Livability — Oshkosh

• Score: 85/100
• State rank: #29
• US rank: #574

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oshkosh, WI
• County: Winnebago County · 155,689 people
• City population: 81,810
• Metro: Oshkosh-Neenah, WI
• Population (ZIP): 22,243
• Household income: $65,612
• Rent vs Own: 38.0% rent · 62.0% own
• Severe rent burden: 873.0

Population outlook (Winnebago County) Hauer SSP2

• Today (2025): 175,480 people
• By 2030: 177,928 · +1.4%
• By 2040: 180,873 · +3.1%
• By 2050: 181,302 · +3.3%
• By 2075: 184,071 · +4.9%
• By 2100: 175,932 · +0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 7% Asian 4% Hispanic / Latino 3% Black 3%
• Common ancestry: Romanian 6% Portuguese 4% Lithuanian 3%
• Foreign-born: 2% · Canada, China
• Languages at home: 95% English-only · Other Asian/Pacific 2% Spanish 2%

Political lean MEDSL · Winnebago

• 2024 margin: Toss-up / Even · D 46.9% · R 51.7% · Other 1.4%
• 2008→2024 swing: -16.4pp toward R · 2008: 11.7pp · 2024: -4.8pp
• All cycles: 2024: R+4.8 2020: R+4.0 2016: R+7.4 2012: D+3.8 2008: D+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -122.03%
• Current HPI: 187.4917
• Rent YoY: ▲ 2.60%
• Metro: Oshkosh-Neenah, 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

+350.8% since first listed

5 events — show timeline

• 2026-06-02 Price Changed $119,000 METROMLS
• 2026-05-15 Listed $129,000 METROMLS
• 2018-05-31 Sold (Public Records) $53,000 Public Records
• 2005-09-21 Sold (Public Records) $52,000 Public Records
• 2003-08-12 Sold (Public Records) $26,400 Public Records

Property tax history

+3.9%/yr

Latest (2024): $2,059 · +25.0% YoY. Source: county tax records.