W220N7095 Town Line Rd · Lannon, WI 53089

$120,000

3 bd · 2.0 ba · 1,086 sqft · SingleFamily · 26 Days on market

Built 1900 0.56 ac lot

---

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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.3/10.0
• ARV discount +7.5/15.0
• Schools +5.6/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special - Sussex Opportunity! Three-bedroom, one-bath 1.5-story home. This property is being sold as-is and is ready for your rehab ideas and updates. Great potential for investors, flippers, or landlords looking to add value and create instant equity. Functional layout with spacious living areas and a solid structure to build upon. Property sold as-is. Seller will make no repairs. Cash or rehab financing only. Don't miss your chance to bring this home back to life!

Key facts

• 0.56 acre lot
• Built 1900
• Listed 26 days

Property features AI

Exterior

• Utilities: Well water; Private septic system
• Home design: 1.5-story single-family home; Year built per assessor/public record
• Construction: Stone, brick/stone, and wood construction
• Exterior features: Stone, brick/stone, and wood exterior; Lot approximately 0.56 acres (about 1/2 to 1 acre); Residential zoning

Interior

• Kitchen: Kitchen on main level (approx. 12 x 11)
• Bedrooms: Master bedroom on main level (approx. 12 x 10); Second bedroom on upper level (approx. 10 x 10); Third bedroom on upper level (approx. 11 x 10)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Natural gas heat
• Interior features: Partial basement; Living room on main level (approx. 12 x 12)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $542 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $118k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 78/100 on livability (#97 in WI, #2,485 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Hamilton School District (suburban): math 65% / reading 60% proficiency, ranked #12 of 342 in WI (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 12% free/reduced lunch — higher-income household profile.
• Zoned schools: Lannon Elementary (math 77% / reading 57%, grade B+, #37 of 1,041 statewide, top 4%, 334 students, 11% FRL); Templeton Middle (math 58% / reading 62%, grade B, #20 of 383 statewide, top 5%, 750 students, 15% FRL); Hamilton High (math 51% / reading 53%, grade D+, #30 of 483 statewide, top 6%, 1,562 students, 14% FRL) — zoned schools at 13% FRL track the district average.
• Market conditions: 83 active listings in the ZIP; 1,885 units permitted in Waukesha County in 2024 (696 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 12y 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 $87k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $118,200 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.43% ✓
• Cap rate: 11.72%
• Cash-on-cash: 19.37%
• DSCR: 1.86
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $307,338
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
N68W21022 Fairview Dr	0.71mi	3/1.0	1,218 (+12%)	19mo	$345,000	$283	26

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.3%
• Equity multiple: 1.45×
• Total profit: $15,110
• Equity at exit: $17,892

10-year hold

• IRR: 20.4%
• Equity multiple: 2.72×
• Total profit: $57,697
• Equity at exit: $10,375

Cash invested: $33,600 (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 53089

• Home prices YoY: -34.0%
• Active inventory: 83
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,717 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$134 /mo · $1,614/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $542

Break-even live

Break-even rent $1,030

Max offer price $120,000

Occupancy floor 63%

Sensitivity live

Price	-10% $610	-5% $576	+0% $542	+5% $508	+10% $474
Rent	-10% $407	-5% $474	+0% $542	+5% $610	+10% $678
Rate	-1.0pp $603	-0.5pp $573	base $542	+0.5pp $511	+1.0pp $480

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-21
   days on market $120,000 Active 26 DOM
2. 2026-06-18
   days on market $120,000 Active 23 DOM
3. 2026-06-17
   days on market $120,000 Active 22 DOM
4. 2026-06-16
   days on market $120,000 Active 21 DOM
5. 2026-06-15
   days on market $120,000 Active 20 DOM
6. 2026-06-13
   days on market $120,000 Active 18 DOM
7. 2026-06-09
   days on market $120,000 Active 14 DOM
8. 2026-06-08
   days on market $120,000 Active 13 DOM
9. 2026-06-07
   days on market $120,000 Active 12 DOM
10. 2026-06-05
    days on market $120,000 Active 9 DOM
11. 2026-06-03
    days on market $120,000 Active 8 DOM
12. 2026-06-02
    days on market $120,000 Active 7 DOM
13. 2026-06-01
    days on market $120,000 Active 6 DOM
14. 2026-05-31
    days on market $120,000 Active 5 DOM
15. 2026-05-26
    listed $120,000 Active
16. 2025-12-19
    soldstatus $87,000 Sold 479-char remark

    Show marketing remark (479 chars)

    Investor Special - Sussex Opportunity! Three-bedroom, one-bath 1.5-story home. This property is being sold as-is and is ready for your rehab ideas and updates. Great potential for investors, flippers, or landlords looking to add value and create instant equity. Functional layout with spacious living areas and a solid structure to build upon. Property sold as-is. Seller will make no repairs. Cash or rehab financing only. Don't miss your chance to bring this home back to life!

17. 2025-10-25
    historical Contingent 479-char remark

    Show marketing remark (479 chars)

    Investor Special - Sussex Opportunity! Three-bedroom, one-bath 1.5-story home. This property is being sold as-is and is ready for your rehab ideas and updates. Great potential for investors, flippers, or landlords looking to add value and create instant equity. Functional layout with spacious living areas and a solid structure to build upon. Property sold as-is. Seller will make no repairs. Cash or rehab financing only. Don't miss your chance to bring this home back to life!

18. 2025-10-20
    listed $99,000 Active 479-char remark

    Show marketing remark (479 chars)

    Investor Special - Sussex Opportunity! Three-bedroom, one-bath 1.5-story home. This property is being sold as-is and is ready for your rehab ideas and updates. Great potential for investors, flippers, or landlords looking to add value and create instant equity. Functional layout with spacious living areas and a solid structure to build upon. Property sold as-is. Seller will make no repairs. Cash or rehab financing only. Don't miss your chance to bring this home back to life!

19. 2022-07-20
    soldstatus $55,000
20. 2019-09-30
    soldstatus $30,000
21. 2014-09-30
    historical 265-char remark

    Show marketing remark (265 chars)

    Cozy Cape Cod offers 3 bedrooms, 1 full bath, kitchen and living room. Located on 1/2 an acre. Being sold in the 'as-is' condition. Room sizes are estimated. * * All offers MUST include buyer to assume responsibility for any and all code compliance/violations * *

22. 2014-09-11
    price $71,500 Active 265-char remark

    Show marketing remark (265 chars)

    Cozy Cape Cod offers 3 bedrooms, 1 full bath, kitchen and living room. Located on 1/2 an acre. Being sold in the 'as-is' condition. Room sizes are estimated. * * All offers MUST include buyer to assume responsibility for any and all code compliance/violations * *

23. 2014-09-11
    status Active 265-char remark

    Show marketing remark (265 chars)

    Cozy Cape Cod offers 3 bedrooms, 1 full bath, kitchen and living room. Located on 1/2 an acre. Being sold in the 'as-is' condition. Room sizes are estimated. * * All offers MUST include buyer to assume responsibility for any and all code compliance/violations * *

24. 2014-09-10
    historical 265-char remark

    Show marketing remark (265 chars)

    Cozy Cape Cod offers 3 bedrooms, 1 full bath, kitchen and living room. Located on 1/2 an acre. Being sold in the 'as-is' condition. Room sizes are estimated. * * All offers MUST include buyer to assume responsibility for any and all code compliance/violations * *

25. 2014-09-08
    status Active 265-char remark

    Show marketing remark (265 chars)

    Cozy Cape Cod offers 3 bedrooms, 1 full bath, kitchen and living room. Located on 1/2 an acre. Being sold in the 'as-is' condition. Room sizes are estimated. * * All offers MUST include buyer to assume responsibility for any and all code compliance/violations * *

26. 2014-08-27
    historical 265-char remark

    Show marketing remark (265 chars)

    Cozy Cape Cod offers 3 bedrooms, 1 full bath, kitchen and living room. Located on 1/2 an acre. Being sold in the 'as-is' condition. Room sizes are estimated. * * All offers MUST include buyer to assume responsibility for any and all code compliance/violations * *

27. 2014-08-27
    listed $76,500 265-char remark

    Show marketing remark (265 chars)

    Cozy Cape Cod offers 3 bedrooms, 1 full bath, kitchen and living room. Located on 1/2 an acre. Being sold in the 'as-is' condition. Room sizes are estimated. * * All offers MUST include buyer to assume responsibility for any and all code compliance/violations * *

ⓘ 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: $1,614 · $134/mo
• Projected year-2 tax: $1,917 · $160/mo
• Expected delta: +$303/yr (+$25/mo · 18.8%)

ⓘ 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 ≥99°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: $20,598
• − Mortgage interest: −$6,722
• − Property taxes: −$1,614
• − Insurance: −$600
• − Repairs & maintenance: −$1,648
• − Management: −$1,648
• − Depreciation: −$3,491
• Taxable income: $4,876
• Est. tax owed @ 24.0%: −$1,170
• After-tax cash flow: $5,337/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: Hamilton School District
• NCES district ID: 5506030
• Math proficiency: 65% ▼ -3.00%
• Reading proficiency: 60% ▼ -6.00%
• Median HH income: $78,241
• Composite: 55.88/100
• National rank: #1203
• State rank: #12 of 342 in WI

Livability — Lannon

• Score: 78/100
• State rank: #97
• US rank: #2485

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 1,475
• Population (ZIP): 20,202

Population outlook (Waukesha County) Hauer SSP2

• Today (2025): 412,798 people
• By 2030: 418,092 · +1.3%
• By 2040: 420,872 · +2.0%
• By 2050: 413,862 · +0.3%
• By 2075: 402,782 · -2.4%
• By 2100: 365,796 · -11.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Asian 5% Two or more races 4% Hispanic / Latino 2% Black 1%
• Common ancestry: Romanian 11% Portuguese 4% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Other Asian/Pacific 3% German/W. Germanic 2%

Political lean MEDSL · Waukesha

• 2024 margin: R (+19.8) · D 39.5% · R 59.2% · Other 1.3%
• 2008→2024 swing: +5.9pp toward D · 2008: -25.7pp · 2024: -19.8pp
• All cycles: 2024: R+19.8 2020: R+20.8 2016: R+27.1 2012: R+34.8 2008: R+25.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -130.96%
• Current HPI: 253.9773
• 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

+56.9% since first listed

13 events — show timeline

• 2026-05-26 Listed $120,000 METROMLS
• 2025-12-19 Sold (MLS) $87,000 METROMLS
• 2025-10-25 Contingent — METROMLS
• 2025-10-20 Listed $99,000 METROMLS
• 2022-07-20 Sold (Public Records) $55,000 Public Records
• 2019-09-30 Sold (Public Records) $30,000 Public Records
• 2014-09-30 Listing Removed — METROMLS
• 2014-09-11 Relisted — METROMLS
• 2014-09-11 Price Changed $71,500 METROMLS
• 2014-09-10 Listing Removed — METROMLS
• 2014-09-08 Relisted — METROMLS
• 2014-08-27 Listed $76,500 METROMLS
• 2014-08-27 Listing Removed — METROMLS

Property tax history

-2.3%/yr

Latest (2024): $1,614 · +14.0% YoY. Source: county tax records.