1401 Walnut St · Oshkosh, WI 54901

$175,000

2 bd · 1.5 ba · 1,404 sqft · Other public records · 52 Days on market

Built 1917 5,456 sqft lot

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Why this score? — see what drove the F 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 +7.7/30.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Rent growth +3.7/5.0
• Schools +2.9/10.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0
• DSCR +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming Character Home. Rooms are spacious with a nice layout. Hardwood floors though out. From rear entrance you'll find a Mud room with built in shelves that makes a great drop zone for shoes and back packs, etc. . Ample Kitchen counter space and kitchen island. Main level bedroom with half bath also make a great office space. Both upper bedrooms are nice sized, one has two walk in closets and the second also has great closet space. Full bath has a updated tiled shower and vinyl flooring. Furnace from 2019, AC -2025, House was painted in 2025,

Key facts

• Half bath
• Main level bedroom
• Built in shelves

Tags

• MUD ROOM
• BUILT IN SHELVES
• AMPLE KITCHEN COUNTER SPACE
• KITCHEN ISLAND
• MAIN LEVEL BEDROOM
• HALF BATH

Property features AI

Finance

• Other: Lot size approximately 0.13 acres (< 1/2 acre)

Exterior

• Parking: Detached 1-car garage
• Utilities: Municipal water; Municipal sewer; Natural gas
• Home design: 1.5-story single-family home; Construction completed; Residential zoning
• Construction: Built (year per assessor/public record)
• Exterior features: Cedar exterior; Sidewalks

Interior

• Kitchen: Kitchen island; Kitchen approximately 13 x 10; Dishwasher; Range/Oven; Microwave; Refrigerator
• Bedrooms: Master bedroom (Main) approximately 13 x 10; Bedroom 2 (Upper) approximately 17 x 9; Bedroom 3 (Upper) approximately 11 x 11
• Bathrooms: One full bath; One half bath; At least one tub
• Heating & cooling: Forced air heating; Central air; Natural gas heat
• Interior features: Walk-in closet(s)
• Laundry & utility: Washer; Dryer; Basement sump pump

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath other listed at $175k.

Deal economics

• At list price, monthly cash flow is $-198 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $140k (20.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $131k (25.1% below list).
• Recommended offer: $131k (25.1% below list) — sets the bar for 1% rule.
• Cap rate 4.9% 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.
• Zoned schools: Read Elementary (math 27% / reading 27%, grade F, #746 of 1,041 statewide, top 75%, 375 students, 72% FRL); Merrill Middle (math 18% / reading 21%, grade F, #347 of 383 statewide, top 92%, 453 students, 62% FRL); North High (math 24% / reading 39%, grade F, #199 of 483 statewide, top 42%, 1,265 students, 52% FRL) — zoned schools average 62% FRL vs 34% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.0%/yr); 83 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $1k of loan paydown is wiped out by about $5k 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 52 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,049 (25.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Built in 1917 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.75% ✗
• Cap rate: 4.93%
• Cash-on-cash: -4.86%
• DSCR: 0.78
• GRM: 11.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.97% rent growth · sell at horizon

5-year hold

• IRR: -22.3%
• Equity multiple: 0.22×
• Total profit: $-38,314
• Equity at exit: $26,093

10-year hold

• IRR: -12.1%
• Equity multiple: 0.22×
• Total profit: $-38,182
• Equity at exit: $15,131

Cash invested: $49,000 (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 54901

• Rents YoY: 5.0%
• Active inventory: 83
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $1,310 high
• Mortgage (P&I): −$918
• Tax from tax record: −$243 /mo · $2,917/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $-198

Break-even live

Break-even rent $1,562

Max offer price $139,943

Occupancy floor —

Sensitivity live

Price	-10% $-99	-5% $-149	+0% $-198	+5% $-248	+10% $-298
Rent	-10% $-302	-5% $-250	+0% $-198	+5% $-147	+10% $-95
Rate	-1.0pp $-110	-0.5pp $-154	base $-198	+0.5pp $-244	+1.0pp $-290

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
830 Stillwell Ave Unit 828 Oshkosh, WI	3.0	1.5	960	$1,299	$1.35	23d	1	0.43mi
1525 Arboretum Dr Unit D Oshkosh, WI	2.0	2.0	1150	$1,475	$1.28	15d	1	0.52mi
919 Wright St Unit A Oshkosh, WI	3.0	1.0	1100	$1,100	$1.00	45d	1	0.56mi
825 Wisconsin St Unit 1B Oshkosh, WI	3.0	1.0	1200	$1,199	$1.00	45d	1	0.62mi
728 Wisconsin St Apt 3 Oshkosh, WI	2.0	1.0	950	$1,100	$1.16	23d	1	0.73mi
728 Wisconsin St Oshkosh, WI	2.0–3.0	1.0	950	$1,100	$1.16	45d	2	0.73mi
306 Wisconsin St Oshkosh, WI	3.0	1.0	1500	$1,500	$1.00	45d	1	0.95mi
512 Algoma Blvd Unit 212 Oshkosh, WI	2.0	1.0	900	$999	$1.11	15d	1	0.98mi
650 N Main St Oshkosh, WI	1.0–3.0	1.0–2.0	925	$1,524	$1.65	23d	12	0.99mi
95 Dawes St Oshkosh, WI	3.0	2.0	1520	$1,650	$1.09	45d	1	1.13mi
319 E Irving Ave Oshkosh, WI	3.0	1.5	1384	$1,250	$0.90	45d	1	1.18mi
155 Jackson St Oshkosh, WI	2.0	1.0–2.0	716	$1,775	$2.48	23d	8	1.25mi
622 Grand St Oshkosh, WI	2.0	1.0	900	$895	$0.99	45d	1	1.29mi
2001 Evans St Oshkosh, WI	3.0	1.5	900	$1,399	$1.55	23d	2	1.34mi
1860 Evans St #3 Oshkosh, WI	2.0	1.0	875	$950	$1.09	15d	1	1.36mi
417 Marion Rd Oshkosh, WI	1.0–2.0	1.0–2.0	778	$2,500	$3.21	15d	10	1.37mi
1810 Robin Ave Unit 1800-S205 Oshkosh, WI	2.0	1.0	960	$969	$1.01	15d	1	1.40mi
405 Michigan St Unit 1061622P Oshkosh, WI	2.0	1.0	1097	$2,526	$2.30	23d	1	1.46mi
532 W 5th Ave Oshkosh, WI	2.0	1.0	1120	$2,495	$2.23	45d	1	1.49mi

Listing history 14 events

1. 2026-06-15
   days on market $175,000 Active 52 DOM
2. 2026-06-14
   days on market $175,000 Active 50 DOM
3. 2026-06-13
   days on market $175,000 Active 49 DOM
4. 2026-06-10
   days on market $175,000 Active 47 DOM
5. 2026-06-09
   days on market $175,000 Active 46 DOM
6. 2026-06-08
   days on market $175,000 Active 45 DOM
7. 2026-06-07
   days on market $175,000 Active 44 DOM
8. 2026-06-02
   days on market $175,000 Active 39 DOM
9. 2026-06-01
   days on market $175,000 Active 38 DOM
10. 2026-05-31
    days on market $175,000 Active 37 DOM
11. 2026-05-30
    days on market $175,000 Active 36 DOM
12. 2026-04-22
    listed $175,000 Active 555-char remark
13. 2009-09-25
    soldstatus $82,500
14. 2003-12-10
    soldstatus $78,500

ⓘ 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: $2,917 · $243/mo
• Projected year-2 tax: $3,077 · $256/mo
• Expected delta: +$160/yr (+$13/mo · 5.5%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 68% 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: $15,726
• − Mortgage interest: −$9,803
• − Property taxes: −$2,917
• − Insurance: −$875
• − Repairs & maintenance: −$1,258
• − Management: −$1,258
• − Depreciation: −$5,091
• Taxable loss: −$5,476
• Est. tax savings @ 24.0%: +$1,314
• After-tax cash flow: $-1,067/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): 37,294
• Household income: $61,794
• Rent vs Own: 50.4% rent · 49.6% own
• Severe rent burden: 1484.0

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 (80%)
• Race & ethnicity: White 80% Black 6% Hispanic / Latino 6% Two or more races 5% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 6% Portuguese 4% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Other Asian/Pacific 2% Spanish 2% Arabic 1%

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: ▼ -128.12%
• Current HPI: 187.7253
• Rent YoY: ▲ 4.97%
• 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

+122.9% since first listed

4 events — show timeline

• 2026-06-15 Sold (MLS) $175,000 RANW
• 2026-04-22 Listed $175,000 RANW
• 2009-09-25 Sold (Public Records) $82,500 Public Records
• 2003-12-10 Sold (Public Records) $78,500 Public Records

Property tax history

+3.2%/yr

Latest (2024): $2,917 · +10.6% YoY. Source: county tax records.