302 Main St · Highland, WI 53543

$130,000

4 bd · 1.0 ba · 1,612 sqft · SingleFamily · 75 Days on market

8,712 sqft lot Est $164k · 21% 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).

• ARV discount +15.0/15.0
• Cash flow +14.5/30.0
• Appreciation +8.4/10.0
• DSCR +4.4/10.0
• 1% rule +3.8/10.0
• Livability +3.5/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• 8,712 sq ft lot
• 2 garage spots
• Listed 75 days

Property features AI

Finance

• Other: Inclusions: stove/oven, refrigerator, microwave, freezer, washer and dryer; Exclusions: personal property

Exterior

• Parking: Detached 2-car garage; 2 garage parking spaces
• Utilities: Municipal water; Municipal sewer
• Home design: Two-story single-family home; Estimated living area 1,501–1,750 sq. ft.; Finished above grade approximately 1,612 sq. ft.
• Construction: Construction materials: vinyl, aluminum/steel, wood; Year built: other (see remarks)
• Exterior features: Vinyl siding; Aluminum/steel siding; Wood elements; Lot approximately 0.2 acres; Zoned residential

Interior

• Kitchen: Range/oven; Refrigerator; Microwave; Freezer; Breakfast bar
• Bedrooms: Master bedroom (Main) — 12 x 12; Bedroom 2 (Upper) — 8 x 12; Bedroom 3 (Upper) — 12 x 12; Bedroom 4 (Upper) — 15 x 13
• Bathrooms: At least one tub; No master bedroom bath; 1 full bath
• Heating & cooling: Forced air heating; Central air conditioning; Natural gas heating fuel
• Interior features: Walk-in closet(s); High-speed internet
• Laundry & utility: Washer; Dryer; Partial basement with outside entry

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $29 ($347/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $115k (11.5% below list).
• Recommended offer: $115k (11.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#284 in WI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Highland School District (rural): math 45% / reading 20% proficiency, ranked #353 of 426 in WI (top 83%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 19% free/reduced lunch — higher-income household profile.
• Zoned schools: Highland Community Elementary (math 24% / reading 24%, grade F, #783 of 1,041 statewide, top 79%, 132 students, 34% FRL); Highland Community High (math 50% / reading 50%, grade D, #36 of 483 statewide, top 9%, 105 students, 25% FRL).
• Market conditions: 10 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 72 units permitted in Iowa County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($899 loan paydown + $9k appreciation (6.9% local appreciation)).
• Iowa County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (6.9% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $29k; list at $130k implies a 350% gain — meaningful room to come down on a strong offer.

Recommended offer $115,000 (11.5% below list)

Questions for the listing agent

1. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.88% ✗
• Cap rate: 6.56%
• Cash-on-cash: 0.95%
• DSCR: 1.04
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $164,424
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
904 Dodgeville St	0.31mi	3/2.0 (-1)	1,665 (+3%)	4mo	$170,000	$102	68
342 Grand St	0.19mi	4/1.5	1,500 (-7%)	12mo	$262,600	$175	68
604 Isabell St	0.29mi	4/1.5	1,504 (-7%)	11mo	$147,000	$98	64
744 Main St	0.37mi	3/2.0 (-1)	1,568 (-3%)	11mo	$260,000	$166	60
409 Spring St	0.24mi	3/2.0 (-1)	1,400 (-13%)	3mo	$135,000	$96	55
1231 Dodgeville St	0.38mi	4/1.5	1,760 (+9%)	13mo	$145,000	$82	54
1370 Dodgeville St	0.58mi	3/1.5 (-1)	1,500 (-7%)	10mo	$250,000	$167	46

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

Projected returns pro-forma

6.86% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.1%
• Equity multiple: 2.27×
• Total profit: $46,108
• Equity at exit: $88,878

10-year hold

• IRR: 17.4%
• Equity multiple: 4.65×
• Total profit: $132,776
• Equity at exit: $167,745

Cash invested: $36,400 (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 53543

• Home prices YoY: 3.0%
• Active inventory: 10
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,150 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$144 /mo · $1,724/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $29

Break-even live

Break-even rent $1,113

Max offer price $130,000

Occupancy floor 92%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
301 Spring St Highland, WI	3.0	1.0	1100	$1,150	$1.05	44d	1	0.28mi

Listing history 19 events

1. 2026-06-18
   days on market $130,000 Active 75 DOM
2. 2026-06-17
   days on market $130,000 Active 74 DOM
3. 2026-06-16
   days on market $130,000 Active 73 DOM
4. 2026-06-15
   days on market $130,000 Active 72 DOM
5. 2026-06-15
   days on market $130,000 Active 71 DOM
6. 2026-06-13
   days on market $130,000 Active 70 DOM
7. 2026-06-12
   days on market $130,000 Active 69 DOM
8. 2026-06-09
   days on market $130,000 Active 66 DOM
9. 2026-06-08
   days on market $130,000 Active 65 DOM
10. 2026-06-08
    days on market $130,000 Active 64 DOM
11. 2026-06-05
    days on market $130,000 Active 62 DOM
12. 2026-06-03
    pricedays on market $130,000 Active 60 DOM
13. 2026-06-02
    days on market $140,000 Active 59 DOM
14. 2026-06-01
    days on market $140,000 Active 58 DOM
15. 2026-05-31
    days on market $140,000 Active 57 DOM
16. 2026-05-13
    price $140,000
17. 2026-04-02
    listed $150,000 Active
18. 2017-12-13
    soldstatus $28,900
19. 2005-10-07
    soldstatus $64,000

ⓘ 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: $1,724 · $144/mo
• Projected year-2 tax: $2,065 · $172/mo
• Expected delta: +$340/yr (+$28/mo · 19.7%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,800
• − Mortgage interest: −$7,282
• − Property taxes: −$1,724
• − Insurance: −$650
• − Repairs & maintenance: −$1,104
• − Management: −$1,104
• − Depreciation: −$3,782
• Taxable loss: −$1,846
• Est. tax savings @ 24.0%: +$443
• After-tax cash flow: $790/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: Highland School District
• NCES district ID: 5506420
• Math proficiency: 45% ▬ 0.00%
• Reading proficiency: 20% ▼ -10.00%
• Median HH income: $50,930
• Composite: 31.15/100
• National rank: #11282
• State rank: #353 of 426 in WI

Livability — Highland

• Score: 70/100
• State rank: #284
• US rank: #7416

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Highland, WI
• Population (ZIP): 1,787

Population outlook (Iowa County) Hauer SSP2

• Today (2025): 23,848 people
• By 2030: 23,562 · -1.2%
• By 2040: 22,348 · -6.3%
• By 2050: 20,438 · -14.3%
• By 2075: 16,112 · -32.4%
• By 2100: 11,146 · -53.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Hispanic / Latino 2% Black 2%
• Common ancestry: Portuguese 7% Lithuanian 3% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Iowa

• 2024 margin: Lean D (+7.6) · D 52.9% · R 45.3% · Other 1.8%
• 2008→2024 swing: -27.1pp toward R · 2008: 34.7pp · 2024: 7.6pp
• All cycles: 2024: D+7.6 2020: D+13.7 2016: D+15.3 2012: D+30.3 2008: D+34.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.86%
• Current HPI: 239.019
• Rent YoY: —
• Metro: —
• 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

+118.8% since first listed

4 events — show timeline

• 2026-05-13 Price Changed $140,000 SCWMLS
• 2026-04-02 Listed $150,000 SCWMLS
• 2017-12-13 Sold (Public Records) $28,900 Public Records
• 2005-10-07 Sold (Public Records) $64,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $1,724 · +10.0% YoY. Source: county tax records.