67 Erhardts Trl · Lake Delton, WI 53913

$69,900

2 bd · 2.0 ba · 1,312 sqft · SingleFamily · 18 Days on market

Built 1990 Fair condition

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

With a little TLC this one will shine again. . Affordable 2 bed, 2 bath single-wide mobile home in Deer Run Estates with an amazing Sunroom with a back yard which brings a beautiful view! Enjoy all the perks of community living?swim in the pool on hot summer days, host gatherings at the clubhouse or outdoor shelter, and have fun with horseshoe pits, a basketball court, and a playground for the kids. Located just minutes from all the attractions of Wisconsin Dells. Whether you're looking for a full-time residence or a vacation retreat, this one fits the bill. Lot rent is $600/month. All Buyers must be approved by Deer Run Estate prior to buying

Key facts

• Back yard
• Clubhouse
• Sunroom

Tags

• SUNROOM
• BACK YARD
• CLUBHOUSE
• OUTDOOR SHELTER
• HORSESHOE PITS
• BASKETBALL COURT

Property features AI

Exterior

• Utilities: Municipal water; Municipal sewer; Natural gas available
• Home design: Single-family home; Builder-listed year built
• Construction: Vinyl construction
• Exterior features: Vinyl exterior; Wooded lot; Two storage sheds

Interior

• Kitchen: Range/oven; Refrigerator; Dishwasher; Microwave; Garbage disposal
• Bedrooms: Main-level primary bedroom (15 x 12); Main-level second bedroom (13 x 11)
• Bathrooms: Two full bathrooms, including a full master bath
• Heating & cooling: Forced air heating; Central air conditioning; Natural gas heating fuel
• Interior features: Skylights
• Laundry & utility: Washer and dryer included

🏷️ Possibly a rental listed for sale. The $69,900 price doesn't fit this home's estimated sale value (~$401,472) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $70k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $560 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $69k (1.5% below list) — sets the bar for market timing.
• Cap rate 15.9% vs local median 2.1% in Lake Delton — 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 77/100 on livability (#120 in WI, #3,121 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D, commute F.
• Wisconsin Dells School District (town): math 44% / reading 40% proficiency, ranked #135 of 342 in WI (top 40%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Wisconsin Dells High (math 17% / reading 27%, grade F, #349 of 483 statewide, top 75%, 603 students, 48% FRL).
• Zoned-school proficiency averages 22% at this address vs 42% district-wide (-20 pts) — the specific schools serving this property underperform the Wisconsin Dells School District average; the district grade overstates school quality for this exact location.
• Market conditions: 102 active listings in the ZIP; 527 units permitted in Sauk County in 2024 (268 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($69k) is reasonable based on typical stale-listing flexibility.

Recommended offer $68,851 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.89% ✓
• Cap rate: 15.90%
• Cash-on-cash: 34.31%
• DSCR: 2.53
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $401,472
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
311 Alcan Dr	0.50mi	3/2.0 (+1)	1,292 (-2%)	8mo	$462,000	$358	62
289 Mariealain Dr	0.61mi	2/2.0	1,300 (-1%)	13mo	$362,300	$279	60
118 Deer Path #118	0.36mi	2/2.0	1,500 (+14%)	0mo	$142,000	$95	59
241 Mariealain Dr	0.58mi	3/1.5 (+1)	1,159 (-12%)	2mo	$355,000	$306	45

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: 29.7%
• Equity multiple: 2.24×
• Total profit: $24,333
• Equity at exit: $10,422

10-year hold

• IRR: 37.0%
• Equity multiple: 4.43×
• Total profit: $67,162
• Equity at exit: $6,044

Cash invested: $19,572 (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 53913

• Active inventory: 102
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,320 medium
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$87 /mo · $1,048/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $560

Break-even live

Break-even rent $611

Max offer price $69,900

Occupancy floor 53%

Sensitivity live

Price	-10% $608	-5% $584	+0% $560	+5% $535	+10% $511
Rent	-10% $455	-5% $507	+0% $560	+5% $612	+10% $664
Rate	-1.0pp $595	-0.5pp $577	base $560	+0.5pp $541	+1.0pp $523

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-19
   days on market $69,900 Active 18 DOM
2. 2026-06-18
   days on market $69,900 Active 17 DOM
3. 2026-06-17
   days on market $69,900 Active 16 DOM
4. 2026-06-16
   days on market $69,900 Active 15 DOM
5. 2026-06-15
   days on market $69,900 Active 14 DOM
6. 2026-06-14
   days on market $69,900 Active 12 DOM
7. 2026-06-12
   days on market $69,900 Active 11 DOM
8. 2026-06-09
   days on market $69,900 Active 8 DOM
9. 2026-06-08
   days on market $69,900 Active 7 DOM
10. 2026-06-07
    days on market $69,900 Active 6 DOM
11. 2026-06-05
    days on market $69,900 Active 3 DOM
12. 2026-06-03
    days on market $69,900 Active 2 DOM
13. 2026-06-02
    remarks 651-char remark
14. 2026-06-02
    listed $69,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥100°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,838
• − Mortgage interest: −$3,915
• − Property taxes: −$1,048
• − Insurance: −$350
• − Repairs & maintenance: −$1,267
• − Management: −$1,267
• − Depreciation: −$2,033
• Taxable income: $5,957
• Est. tax owed @ 24.0%: −$1,430
• After-tax cash flow: $5,285/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 · 12 photos

Fair 45/100 Moderate rehab

This single-wide mobile home requires moderate repairs and maintenance to improve its condition and increase its value.

Repairs flagged

• Major exterior siding — Severe weathering
• Major interior walls — Worn wallpaper
• Major flooring — Worn-out carpet
• Major windows — Old, possibly drafty windows

Value-add opportunities

• Both New siding — Improves curb appeal and value
• Both New flooring — Enhances interior aesthetics and value
• Both New windows — Improves energy efficiency and value
• Both Landscaping — Enhances curb appeal and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Severe weathering	Major	$15,000–50,000
interior walls · Worn wallpaper	Major	$15,000–50,000
flooring · Worn-out carpet	Major	$15,000–50,000
windows · Old, possibly drafty windows	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both New siding — Improves curb appeal and value ↑
• Both New flooring — Enhances interior aesthetics and value ↑
• Both New windows — Improves energy efficiency and value ↑
• Both Landscaping — Enhances curb appeal and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Wisconsin Dells School District
• NCES district ID: 5517040
• Math proficiency: 44% ▼ -1.00%
• Reading proficiency: 40% ▲ 1.00%
• Median HH income: $47,233
• Composite: 35.91/100
• National rank: #4810
• State rank: #135 of 342 in WI

Livability — Lake Delton

• Score: 77/100
• State rank: #120
• US rank: #3121

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Delton, WI
• County: Sauk County · 36,155 people
• Metro: Baraboo, WI
• Population (ZIP): 21,704
• Household income: $74,629
• Rent vs Own: 32.6% rent · 67.4% own
• Severe rent burden: 651.0

Population outlook (Sauk County) Hauer SSP2

• Today (2025): 66,065 people
• By 2030: 66,755 · +1.0%
• By 2040: 66,999 · +1.4%
• By 2050: 65,499 · -0.9%
• By 2075: 60,000 · -9.2%
• By 2100: 51,070 · -22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 5% Hispanic / Latino 4% Native American 1% Black 1%
• Common ancestry: Portuguese 8% Romanian 4% Slovak 3%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 94% English-only · Spanish 3% Russian/Polish/Slavic 1% French/Haitian/Cajun 1%

Political lean MEDSL · Sauk

• 2024 margin: Toss-up / Even · D 48.4% · R 50.0% · Other 1.6%
• 2008→2024 swing: -23.2pp toward R · 2008: 21.6pp · 2024: -1.7pp
• All cycles: 2024: R+1.7 2020: D+1.7 2016: R+0.3 2012: D+18.5 2008: D+21.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -156.28%
• Current HPI: 195.5466
• Rent YoY: —
• Metro: Baraboo, 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

1 event — show timeline

• 2026-06-01 Listed $69,900 SCWMLS