5711 N 60th St · Milwaukee, WI 53218

$75,900

2 bd · 1.0 ba · 672 sqft · SingleFamily public records · 37 Days on market

Built 1954 Average condition 6,098 sqft lot $113/sqft · 14% below area Est $88k · 14% 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 +30.0/30.0
• ARV discount +13.7/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.8/5.0
• Schools +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

What a lovely 2 bedroom single family ranch located in Milwaukee. This home is the perfect home or investment property. With off street parking, main floor laundry, newer floors, and fresh paint this home won't last long. This home also has no basement meaning no foundation to worry about! Located in the Silver Spring neighborhood, this home is close to multiple parks, Milwaukee Northwest DMV, Milwaukee Job Corp Center, The Wisconsin Country Club, easy highway access, and many schools. Currently rented. Schedule a showing today! Bring us an Offer!

Key facts

• Off street parking
• Fresh paint
• Main floor laundry

Tags

• OFF STREET PARKING
• MAIN FLOOR LAUNDRY
• NEWER FLOORS
• FRESH PAINT
• MULTIPLE PARKS
• EASY HIGHWAY ACCESS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $76k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $366 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $76k).
• Recommended offer: $74k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 4.9% 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); 208 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 33% 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 $525 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 5.3% rent growth), your $21k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 3y ago; this cycle's ask has dropped $4k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $73,623 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 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 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.63% ✓
• Cap rate: 12.08%
• Cash-on-cash: 20.68%
• DSCR: 1.92
• GRM: 5.1

CMA / ARV

• ARV (median comp): $87,945
• List price: $75,900
• Delta: -9.15%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5733 N 60th St	0.03mi	2/1.0	672 (0%)	4mo	$74,185	$110	96
5712 N 61st St	0.04mi	2/1.0	672 (0%)	4mo	$74,185	$110	95
5718 N 61st St	0.04mi	2/1.0	672 (0%)	4mo	$74,185	$110	95
5712 N 62nd St	0.09mi	2/1.0	672 (0%)	1mo	$55,000	$82	95
5738 N 61st St	0.05mi	2/1.0	672 (0%)	4mo	$74,185	$110	95
5750 N 62nd St	0.11mi	2/1.0	672 (0%)	2mo	$76,500	$114	93
6012 W Carmen Ave	0.09mi	2/1.0	672 (0%)	4mo	$74,185	$110	93
6026 W Carmen Ave	0.10mi	2/1.0	672 (0%)	4mo	$74,185	$110	92
6127 W Carmen Ave	0.12mi	2/1.0	672 (0%)	4mo	$74,185	$110	91
5483 N 58th St	0.29mi	2/1.0	672 (0%)	2mo	$118,500	$176	84
5482 N 58th St	0.29mi	3/1.0 (+1)	734 (+9%)	3mo	$120,000	$163	63
5273 N 54th St	0.62mi	2/1.0	768 (+14%)	1mo	$115,000	$150	46

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: 15.9%
• Equity multiple: 1.66×
• Total profit: $14,017
• Equity at exit: $11,317

10-year hold

• IRR: 26.3%
• Equity multiple: 3.59×
• Total profit: $55,098
• Equity at exit: $6,562

Cash invested: $21,252 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 17 active · 9 under contract
• Months of supply: 5.1 mo (20%/mo absorbed)
• Median asking: $110,000 ($164/sqft)
• Median days on market: 38 d
• This list price: 6% of active listings are priced below it
• ARV vs active asking: -20.0% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 53218

• Home prices YoY: -19.0%
• Rents YoY: 5.3%
• Active inventory: 208
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,240 medium
• Mortgage (P&I): −$398
• Tax from tax record: −$184 /mo · $2,202/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $366

Break-even live

Break-even rent $776

Max offer price $75,900

Occupancy floor 65%

Sensitivity live

Price	-10% $409	-5% $388	+0% $366	+5% $345	+10% $323
Rent	-10% $268	-5% $317	+0% $366	+5% $415	+10% $464
Rate	-1.0pp $404	-0.5pp $385	base $366	+0.5pp $347	+1.0pp $326

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: $18,975
• Closing costs: $2,277
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6026 W Carmen Ave Milwaukee, WI	2.0	1.0	672	$1,195	$1.78	72d	1	0.08mi
5820 N 65th St #5822 Milwaukee, WI	2.0	1.0	700	$1,245	$1.78	93d	1	0.33mi
5560 N 40th St Milwaukee, WI	3.0	1.0	748	$1,500	$2.01	20d	1	1.23mi
6110 N 39th St Milwaukee, WI	2.0	1.0	703	$1,325	$1.88	28d	1	1.38mi

Property features AI

Finance

• Other: Inclusions: NoneExclusions: Seller's personal items

Exterior

• Parking: One parking space
• Utilities: Municipal waterMunicipal sewer
• Home design: Single-family, 1-story homeLess than half acre lot (approximately 0.14 acre)Zoned RS5
• Construction: Built (year from assessor/public record)
• Exterior features: Wood exteriorSidewalks

Interior

• Kitchen: Kitchen on main level, about 14 x 7
• Bedrooms: Master bedroom on main level, about 12 x 9Second bedroom on main level, about 10 x 10
• Bathrooms: One full bathroom with shower over tub
• Heating & cooling: Forced air heatingNatural gas fuel
• Interior features: Open living areaNo basement (slab foundation)
• Laundry & utility: No specific laundry details provided

Listing history 50 events

1. 2026-08-08
   days on market $75,900 Active 37 DOM
2. 2026-08-07
   days on market $75,900 Active 36 DOM
3. 2026-08-06
   days on market $75,900 Active 35 DOM
4. 2026-08-05
   days on market $75,900 Active 34 DOM
5. 2026-08-04
   days on market $75,900 Active 33 DOM
6. 2026-08-03
   days on market $75,900 Active 32 DOM
7. 2026-07-31
   days on market $75,900 Active 29 DOM
8. 2026-07-30
   days on market $75,900 Active 28 DOM
9. 2026-07-30
   days on market $75,900 Active 27 DOM
10. 2026-07-28
    days on market $75,900 Active 26 DOM
11. 2026-07-26
    days on market $75,900 Active 24 DOM
12. 2026-07-24
    days on market $75,900 Active 22 DOM
13. 2026-07-23
    days on market $75,900 Active 21 DOM
14. 2026-07-22
    days on market $75,900 Active 20 DOM
15. 2026-07-21
    days on market $75,900 Active 19 DOM
16. 2026-07-20
    days on market $75,900 Active 18 DOM
17. 2026-07-18
    days on market $75,900 Active 16 DOM
18. 2026-07-18
    days on market $75,900 Active 15 DOM
19. 2026-07-16
    days on market $75,900 Active 14 DOM
20. 2026-07-15
    days on market $75,900 Active 13 DOM
21. 2026-07-14
    days on market $75,900 Active 12 DOM
22. 2026-07-13
    days on market $75,900 Active 11 DOM
23. 2026-07-13
    days on market $75,900 Active 10 DOM
24. 2026-07-11
    days on market $75,900 Active 9 DOM
25. 2026-07-10
    days on market $75,900 Active 8 DOM
26. 2026-07-09
    days on market $75,900 Active 7 DOM
27. 2026-07-07
    days on market $75,900 Active 5 DOM
28. 2026-07-06
    days on market $75,900 Active 4 DOM
29. 2026-07-05
    days on market $75,900 Active 3 DOM
30. 2026-07-03
    price $75,900 Active 1 DOM
31. 2026-07-02
    days on marketlisting id $79,900 Active 1 DOM
32. 2026-06-30
    days on market $79,900 Active 81 DOM
33. 2026-06-29
    days on market $79,900 Active 80 DOM
34. 2026-06-28
    days on market $79,900 Active 79 DOM
35. 2026-06-27
    days on market $79,900 Active 78 DOM
36. 2026-06-27
    days on market $79,900 Active 77 DOM
37. 2026-06-25
    days on market $79,900 Active 75 DOM
38. 2026-06-22
    days on market $79,900 Active 73 DOM
39. 2026-06-21
    days on market $79,900 Active 72 DOM
40. 2026-06-18
    days on market $79,900 Active 69 DOM
41. 2026-06-17
    days on market $79,900 Active 68 DOM
42. 2026-06-16
    days on market $79,900 Active 67 DOM
43. 2026-06-15
    days on market $79,900 Active 66 DOM
44. 2026-06-13
    days on market $79,900 Active 64 DOM
45. 2026-06-13
    days on market $79,900 Active 63 DOM
46. 2026-06-09
    days on market $79,900 Active 60 DOM
47. 2026-06-08
    days on market $79,900 Active 59 DOM
48. 2026-06-07
    days on market $79,900 Active 58 DOM
49. 2026-06-05
    days on market $79,900 Active 55 DOM
50. 2026-06-03
    days on market $79,900 Active 54 DOM

ⓘ 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: $2,202 · $184/mo
• Projected year-2 tax: $2,202 · $184/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $14,876
• − Mortgage interest: −$4,252
• − Property taxes: −$2,202
• − Insurance: −$380
• − Repairs & maintenance: −$1,190
• − Management: −$1,190
• − Depreciation: −$2,208
• Taxable income: $3,455
• Est. tax owed @ 24.0%: −$829
• After-tax cash flow: $3,565/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.

Condition & rehab AI · 4 photos

Average 55/100 Cosmetic rehab Est. rehab $3,360–$10,080 screening

This single-family home in Milwaukee is in average condition with some cosmetic repairs needed. Landscaping and exterior painting would significantly enhance its curb appeal and value.

Components & finishes AI

Roof asphalt shingle · good

Deferred maintenance Est. $2,000–$8,000 screening

• Minor Roof (roof) — No visible signs of damage or wear
• Minor Windows (windows) — No visible signs of damage or wear
• Minor Electrical (electrical) — No visible signs of damage or wear
• Minor Exterior (exterior) — No visible signs of damage or wear

Repairs flagged

• Minor Landscaping — Overgrown grass needs trimming
• Minor Exterior paint — Slight weathering on siding

Value-add opportunities

• Both Landscaping — Improves curb appeal and rental value ↑
• Both Exterior paint — Enhances curb appeal and resale value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 5/100

Zoned Schools

Elementary Craig Montessori School F WI #968/1,041 Nat'l #40,579/41,679 High James Madison Academic Campus F WI #467/483 Nat'l #16,861/17,239

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

A Composite livability gradescore 81/100

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 · 995,758 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: 15% of renters

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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%

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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%

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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

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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

Property features AI

Finance

• Other: Inclusions: NoneExclusions: Seller's personal items

Exterior

• Parking: One parking space
• Utilities: Municipal waterMunicipal sewer
• Home design: Single-family, 1-story homeLess than half acre lot (approximately 0.14 acre)Zoned RS5
• Construction: Built (year from assessor/public record)
• Exterior features: Wood exteriorSidewalks

Interior

• Kitchen: Kitchen on main level, about 14 x 7
• Bedrooms: Master bedroom on main level, about 12 x 9Second bedroom on main level, about 10 x 10
• Bathrooms: One full bathroom with shower over tub
• Heating & cooling: Forced air heatingNatural gas fuel
• Interior features: Open living areaNo basement (slab foundation)
• Laundry & utility: No specific laundry details provided

Price history

-81.1% since first listed

20 events — show timeline

• 2026-07-02 Listed $79,900 METROMLS
• 2026-07-01 Listing Removed — METROMLS
• 2026-04-21 Price Changed $79,900 METROMLS
• 2026-04-17 Price Changed $92,900 METROMLS
• 2026-04-17 Relisted — METROMLS
• 2026-01-29 Listing Removed — METROMLS
• 2026-01-22 Listed $99,900 METROMLS
• 2024-09-04 Listing Removed — METROMLS
• 2024-08-26 Listing Removed — METROMLS
• 2024-08-26 Listed $114,900 METROMLS
• 2024-03-07 Listing Removed — METROMLS
• 2024-03-07 Listed $114,900 METROMLS
• 2023-12-15 Listed $114,900 METROMLS
• 2023-11-01 Sold (Public Records) $1,800,000 Public Records
• 2023-10-27 Sold (MLS) $75,000 METROMLS
• 2023-08-23 Listed $115,000 METROMLS
• 2016-03-24 Sold (Public Records) $676,000 Public Records
• 2004-03-31 Sold (Public Records) $910,000 Public Records
• 2003-09-25 Sold (Public Records) $757,000 Public Records
• 2001-06-08 Sold (Public Records) $423,000 Public Records

Property tax history

+1.1%/yr

Latest (2024): $2,202 · +150.8% YoY. Source: county tax records.