7000 W Thurston Ct · Milwaukee, WI 53218

$129,900

3 bd · 1.0 ba · 912 sqft · SingleFamily public records · 60 Days on market

Built 1955 7,840 sqft lot $142/sqft · 18% below area Est $158k · 18% 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 +19.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.2/10.0
• 1% rule +5.3/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3BR 1BA Ranch with 2 car garage and manageable yard has a newer roof, full basement, and some interior updates. This house has been a long term rental house and tenant would like to stay.

Key facts

• Newer roof
• Full basement
• Interior updates

Tags

• NEWER ROOF
• FULL BASEMENT
• INTERIOR UPDATES

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 $149 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.7% 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 fast (+5.3%/yr); 153 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• This rent runs 35% of the median local income ($46k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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

• It's been on market 60 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y ago 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 $20k; list at $130k implies a 550% 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 $126,003 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 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 1955 — 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. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.03% ✓
• Cap rate: 7.67%
• Cash-on-cash: 4.91%
• DSCR: 1.22
• GRM: 8.1

CMA / ARV

• ARV (median comp): $157,745
• List price: $129,900
• Delta: -17.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7016 W Thurston Ct	0.02mi	3/1.0	912 (0%)	3mo	$185,000	$203	96
5863 N 62nd St	0.55mi	3/1.0	905 (-1%)	0mo	$180,000	$199	72
7314 W Tallmadge Pl	0.37mi	3/1.0	864 (-5%)	2mo	$190,000	$220	72
5919 N 67th St	0.33mi	3/1.0	988 (+8%)	1mo	$155,000	$157	70
5272 N 65th St	0.63mi	3/1.0	912 (0%)	1mo	$127,000	$139	70
5718 N 80th St	0.60mi	3/1.0	945 (+4%)	0mo	$113,500	$120	66
5359 N 62nd St	0.66mi	3/1.0	936 (+3%)	3mo	$111,375	$119	62
5324 N 68th St	0.50mi	2/2.0 (-1)	879 (-4%)	3mo	$108,000	$123	59
5819 N 81st St	0.71mi	4/2.0 (+1)	915 (+0%)	1mo	$270,000	$295	57
5828 N 80th St	0.62mi	3/1.5	1,043 (+14%)	2mo	$140,000	$134	44
7031 W Villard Ave	0.66mi	3/1.5	1,040 (+14%)	4mo	$159,000	$153	40
5720 W Thurston Ave	0.73mi	2/1.0 (-1)	792 (-13%)	2mo	$164,900	$208	38

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 · 5.29% rent growth · sell at horizon

5-year hold

• IRR: -6.1%
• Equity multiple: 0.77×
• Total profit: $-8,374
• Equity at exit: $19,369

10-year hold

• IRR: 6.2%
• Equity multiple: 1.51×
• Total profit: $18,633
• 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 53218

• Home prices YoY: -19.0%
• Rents YoY: 5.3%
• Active inventory: 153
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,342 high
• Mortgage (P&I): −$681
• Tax from tax record: −$176 /mo · $2,106/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $149

Break-even live

Break-even rent $1,153

Max offer price $129,900

Occupancy floor 84%

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 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5950 N 69th St Unit 1 Milwaukee, WI	2.0	1.0	1100	$1,100	$1.00	44d	1	0.30mi
5905 N 66th St Unit 66th Lower Milwaukee, WI	3.0	1.0	1000	$1,600	$1.60	16d	1	0.34mi
5823 N 65th St Unit Upper Milwaukee, WI	2.0	1.0	768	$1,295	$1.69	44d	1	0.35mi
5831 N 65th St Unit 5831 Milwaukee, WI	3.0	1.0	900	$1,195	$1.33	44d	1	0.35mi
5820 N 65th St #5822 Milwaukee, WI	2.0	1.0	700	$1,245	$1.78	44d	1	0.37mi
5956 N 67th St Milwaukee, WI	2.0	1.0	925	$1,250	$1.35	44d	1	0.37mi
5958 N 67th St Milwaukee, WI	2.0	1.0	925	$1,250	$1.35	4d	1	0.37mi
5659 N 64th St Unit 5659A Milwaukee, WI	2.0	1.0	1091	$1,300	$1.19	44d	1	0.39mi
6221 W Thurston Ave #6223 Milwaukee, WI	3.0	1.0	800	$1,100	$1.38	20d	1	0.51mi
7632 W Leon Ter Unit C Milwaukee, WI	2.0	1.5	1000	$1,200	$1.20	24d	1	0.54mi
6026 W Carmen Ave Milwaukee, WI	2.0	1.0	672	$1,195	$1.78	24d	1	0.61mi
5830 N 61st St Milwaukee, WI	3.0	1.0	1024	$1,450	$1.42	44d	1	0.62mi
5955 N 79th St Unit 1 Milwaukee, WI	3.0	1.0	1100	$1,650	$1.50	44d	1	0.63mi
5908 N 80th St Milwaukee, WI	3.0	1.0	1056	$1,550	$1.47	24d	1	0.63mi
5657 N 60th St #5659 Milwaukee, WI	3.0	1.0	878	$995	$1.13	17d	1	0.64mi
8023 W Thurston Ave Unit 2 Milwaukee, WI	2.0	1.0	850	$850	$1.00	44d	1	0.65mi
8037 W Thurston Ave Milwaukee, WI	3.0	1.0	1040	$1,600	$1.54	44d	1	0.67mi
7348 W Medford Ave Unit 7348A Milwaukee, WI	2.0	1.0	1095	$950	$0.87	24d	1	0.83mi
5688 N 56th St Milwaukee, WI	3.0	1.0	850	$1,445	$1.70	12d	1	0.84mi
4843 N 72nd St Milwaukee, WI	3.0	1.0	1014	$1,485	$1.46	44d	1	1.12mi
6518 W Hampton Ave Unit 2 Milwaukee, WI	2.0	1.0	1100	$1,200	$1.09	44d	1	1.20mi
6535 N 58th St Milwaukee, WI	2.0	1.0	962	$1,195	$1.24	17d	1	1.24mi
7701 W Hampton Ave Unit 6 Milwaukee, WI	2.0	1.0	816	$1,250	$1.53	44d	1	1.28mi
8750 W Mill Rd Milwaukee, WI	2.0	1.5	850	$1,150	$1.35	4d	2	1.42mi
5812 N 93rd St Unit 5812 Milwaukee, WI	3.0	1.0	995	$1,200	$1.21	17d	1	1.47mi

Listing history 20 events

1. 2026-06-18
   days on market $129,900 Active 60 DOM
2. 2026-06-17
   days on market $129,900 Active 59 DOM
3. 2026-06-16
   days on market $129,900 Active 58 DOM
4. 2026-06-15
   days on market $129,900 Active 57 DOM
5. 2026-06-13
   days on market $129,900 Active 55 DOM
6. 2026-06-13
   days on market $129,900 Active 54 DOM
7. 2026-06-09
   days on market $129,900 Active 51 DOM
8. 2026-06-08
   days on market $129,900 Active 50 DOM
9. 2026-06-07
   days on market $129,900 Active 49 DOM
10. 2026-06-05
    days on market $129,900 Active 46 DOM
11. 2026-06-03
    days on market $129,900 Active 45 DOM
12. 2026-06-02
    days on market $129,900 Active 44 DOM
13. 2026-06-01
    days on market $129,900 Active 43 DOM
14. 2026-05-31
    days on market $129,900 Active 42 DOM
15. 2026-05-12
    status Pending 187-char remark

    Show marketing remark (187 chars)

    3BR 1BA Ranch with 2 car garage and manageable yard has a newer roof, full basement, and some interior updates. This house has been a long term rental house and tenant would like to stay.

16. 2026-04-09
    listed $129,900 Active 187-char remark

    Show marketing remark (187 chars)

    3BR 1BA Ranch with 2 car garage and manageable yard has a newer roof, full basement, and some interior updates. This house has been a long term rental house and tenant would like to stay.

17. 2013-01-12
    listed $24,900 133-char remark

    Show marketing remark (133 chars)

    Priced substantially under city assessment of $77,300. Work orders if any are buyers responcibility. Sold As Is. No condition report.

18. 2013-01-12
    historical 133-char remark

    Show marketing remark (133 chars)

    Priced substantially under city assessment of $77,300. Work orders if any are buyers responcibility. Sold As Is. No condition report.

19. 2010-12-20
    soldstatus $20,000 133-char remark

    Show marketing remark (133 chars)

    Priced substantially under city assessment of $77,300. Work orders if any are buyers responcibility. Sold As Is. No condition report.

20. 2007-09-27
    soldstatus $122,600

ⓘ 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: $2,106 · $176/mo
• Projected year-2 tax: $2,255 · $188/mo
• Expected delta: +$148/yr (+$12/mo · 7.0%)

ⓘ 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: $16,098
• − Mortgage interest: −$7,276
• − Property taxes: −$2,106
• − Insurance: −$650
• − Repairs & maintenance: −$1,288
• − Management: −$1,288
• − Depreciation: −$3,779
• Taxable loss: −$289
• Est. tax savings @ 24.0%: +$69
• After-tax cash flow: $1,856/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): 41,196
• Household income: $45,642
• Rent vs Own: 57.1% rent · 42.9% own
• Severe rent burden: 2421.0

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: Predominantly Black (72%)
• Race & ethnicity: Black 72% Asian 10% White 10% Hispanic / Latino 5% Two or more races 3%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 6% · Philippines, Canada
• Languages at home: 89% English-only · Other Asian/Pacific 7% Spanish 3%

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: ▼ -76.44%
• Current HPI: 325.1975
• Rent YoY: ▲ 5.29%
• 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

+6.0% since first listed

6 events — show timeline

• 2026-05-12 Pending — METROMLS
• 2026-04-09 Listed $129,900 METROMLS
• 2013-01-12 Listing Removed — METROMLS
• 2013-01-12 Listed $24,900 METROMLS
• 2010-12-20 Sold (MLS) $20,000 METROMLS
• 2007-09-27 Sold (Public Records) $122,600 Public Records

Property tax history

+2.9%/yr

Latest (2024): $2,106 · +12.3% YoY. Source: county tax records.