5711 N 60th St · Milwaukee, WI 53218

$79,900

2 bd · 1.0 ba · 672 sqft · SingleFamily public records · 72 Days on market

Built 1954 6,098 sqft lot $119/sqft · 9% below area Est $87k · 9% 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 +11.3/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• 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
• CLOSE TO MULTIPLE PARKS
• EASY HIGHWAY ACCESS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $337 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $75k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.4% 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; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• This rent runs 32% 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 $552 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 $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y ago; this cycle's ask has dropped $20k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $75,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.54% ✓
• Cap rate: 11.36%
• Cash-on-cash: 18.10%
• DSCR: 1.81
• GRM: 5.4

CMA / ARV

• ARV (median comp): $87,342
• List price: $79,900
• Delta: -8.52%
• 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%)	2mo	$74,185	$110	97
5712 N 61st St	0.04mi	2/1.0	672 (0%)	2mo	$74,185	$110	97
5718 N 61st St	0.04mi	2/1.0	672 (0%)	2mo	$74,185	$110	97
5738 N 61st St	0.05mi	2/1.0	672 (0%)	2mo	$74,185	$110	96
5750 N 62nd St	0.11mi	2/1.0	672 (0%)	1mo	$76,500	$114	94
6012 W Carmen Ave	0.09mi	2/1.0	672 (0%)	2mo	$74,185	$110	94
5730 N 62nd St	0.09mi	2/1.0	672 (0%)	2mo	$74,185	$110	94
6101 W Carmen Ave	0.10mi	2/1.0	672 (0%)	2mo	$74,185	$110	94
6026 W Carmen Ave	0.10mi	2/1.0	672 (0%)	2mo	$74,185	$110	94
6127 W Carmen Ave	0.12mi	2/1.0	672 (0%)	2mo	$74,185	$110	93
5483 N 58th St	0.29mi	2/1.0	672 (0%)	1mo	$118,500	$176	86
5482 N 58th St	0.29mi	3/1.0 (+1)	734 (+9%)	2mo	$120,000	$163	64

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: 12.6%
• Equity multiple: 1.51×
• Total profit: $11,517
• Equity at exit: $11,913

10-year hold

• IRR: 23.4%
• Equity multiple: 3.26×
• Total profit: $50,471
• Equity at exit: $6,908

Cash invested: $22,372 (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: 5.4×

Monthly cashflow live

• Estimated rent: $1,232 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$184 /mo · $2,202/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $337

Break-even live

Break-even rent $805

Max offer price $79,900

Occupancy floor 68%

Sensitivity live

Price	-10% $383	-5% $360	+0% $337	+5% $315	+10% $292
Rent	-10% $240	-5% $289	+0% $337	+5% $386	+10% $435
Rate	-1.0pp $378	-0.5pp $358	base $337	+0.5pp $317	+1.0pp $296

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 3 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	25d	1	0.08mi
5820 N 65th St #5822 Milwaukee, WI	2.0	1.0	700	$1,245	$1.78	45d	1	0.33mi
6110 N 39th St Milwaukee, WI	2.0	1.0	703	$1,395	$1.98	5d	1	1.38mi

Listing history 33 events

1. 2026-06-21
   days on market $79,900 Active 72 DOM
2. 2026-06-18
   days on market $79,900 Active 69 DOM
3. 2026-06-17
   days on market $79,900 Active 68 DOM
4. 2026-06-16
   days on market $79,900 Active 67 DOM
5. 2026-06-15
   days on market $79,900 Active 66 DOM
6. 2026-06-13
   days on market $79,900 Active 64 DOM
7. 2026-06-13
   days on market $79,900 Active 63 DOM
8. 2026-06-09
   days on market $79,900 Active 60 DOM
9. 2026-06-08
   days on market $79,900 Active 59 DOM
10. 2026-06-07
    days on market $79,900 Active 58 DOM
11. 2026-06-05
    days on market $79,900 Active 55 DOM
12. 2026-06-03
    days on market $79,900 Active 54 DOM
13. 2026-06-02
    days on market $79,900 Active 53 DOM
14. 2026-06-01
    days on market $79,900 Active 52 DOM
15. 2026-05-31
    days on market $79,900 Active 51 DOM
16. 2026-04-21
    price $79,900 553-char remark

    Show marketing remark (553 chars)

    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!

17. 2026-04-17
    price $92,900 553-char remark

    Show marketing remark (553 chars)

    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!

18. 2026-04-17
    status Active 553-char remark

    Show marketing remark (553 chars)

    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!

19. 2026-01-29
    historical 553-char remark

    Show marketing remark (553 chars)

    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!

20. 2026-01-22
    listed $99,900 Active 553-char remark

    Show marketing remark (553 chars)

    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!

21. 2024-09-04
    historical 603-char remark

    Show marketing remark (603 chars)

    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 Occupied, this property brings in $950 in rent per month. Schedule a showing today! Bring us an Offer!

22. 2024-08-26
    historical

    Show marketing remark (603 chars)

    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 Occupied, this property brings in $950 in rent per month. Schedule a showing today! Bring us an Offer!

23. 2024-08-26
    listed $114,900 Active 603-char remark

    Show marketing remark (603 chars)

    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 Occupied, this property brings in $950 in rent per month. Schedule a showing today! Bring us an Offer!

24. 2024-03-07
    historical
25. 2024-03-07
    listed $114,900 Active
26. 2023-12-15
    listed $114,900 Active
27. 2023-11-01
    soldstatus $1,800,000
28. 2023-10-27
    soldstatus $75,000 Sold
29. 2023-08-23
    listed $115,000 Active
30. 2016-03-24
    soldstatus $676,000
31. 2004-03-31
    soldstatus $910,000
32. 2003-09-25
    soldstatus $757,000
33. 2001-06-08
    soldstatus $423,000

ⓘ 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: $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: $14,783
• − Mortgage interest: −$4,476
• − Property taxes: −$2,202
• − Insurance: −$400
• − Repairs & maintenance: −$1,183
• − Management: −$1,183
• − Depreciation: −$2,324
• Taxable income: $3,016
• Est. tax owed @ 24.0%: −$724
• After-tax cash flow: $3,325/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

-81.1% since first listed

18 events — show timeline

• 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.