3750 N 49th St · Milwaukee, WI 53216

$139,900

4 bd · 1.0 ba · 1,128 sqft · SingleFamily public records · 135 Days on market

Built 1945 6,534 sqft lot $124/sqft · 7% below area Est $151k · 7% under

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Why this score? — see what drove the C+ 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 +22.2/30.0
• ARV discount +10.7/15.0
• DSCR +7.1/10.0
• 1% rule +6.4/10.0
• Appreciation +5.7/10.0
• Rent growth +4.3/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

Listing remarks MLS

Brick Cape Cod in desirable area with large lot. This 3/4 bedroom home is tenant occupied.

Key facts

• 6,534 sq ft lot
• Parking
• Built 1945

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $228 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% 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 (+7.0%/yr); 126 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% 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 41% of the median local income ($47k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $3k of equity ($967 loan paydown + $2k appreciation (1.3% local appreciation)).
• Milwaukee County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (1.3% appreciation + 7.0% rent growth), your $39k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 135 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 13y ago; this cycle's ask has dropped $15k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $33k; list at $140k implies a 324% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 135 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.14% ✓
• Cap rate: 8.25%
• Cash-on-cash: 6.99%
• DSCR: 1.31
• GRM: 7.3

CMA / ARV

• ARV (median comp): $150,516
• List price: $139,900
• Delta: -7.05%
• 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
4448 W Leon Ter	0.25mi	3/1.0 (-1)	1,014 (-10%)	2mo	$130,000	$128	64
3745 N 58th Blvd	0.59mi	3/1.0 (-1)	1,113 (-1%)	3mo	$147,000	$132	63
4132 N 51st Blvd	0.50mi	3/1.5 (-1)	1,076 (-5%)	0mo	$100,000	$93	62
4141 N 49th St	0.49mi	3/1.0 (-1)	1,179 (+4%)	4mo	$106,000	$90	61
4314 N 48 St	0.71mi	3/1.0 (-1)	1,128 (0%)	1mo	$133,000	$118	61
3856 N 60th St	0.64mi	3/1.0 (-1)	1,112 (-1%)	2mo	$126,000	$113	61
4102 W Capitol Dr	0.60mi	3/1.0 (-1)	1,077 (-4%)	2mo	$128,000	$119	58
3619 N 61st St	0.73mi	4/1.0	1,083 (-4%)	1mo	$105,000	$97	58
4278 N 52nd St	0.69mi	3/1.0 (-1)	1,161 (+3%)	2mo	$115,000	$99	56
3718 N 57th St	0.50mi	3/1.5 (-1)	1,264 (+12%)	1mo	$190,000	$150	49
4150 N 46th St	0.54mi	3/2.0 (-1)	1,275 (+13%)	0mo	$170,000	$133	44
3919 N 58th St	0.61mi	3/2.0 (-1)	1,277 (+13%)	0mo	$150,000	$117	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.33% appreciation · 7.01% rent growth · sell at horizon

5-year hold

• IRR: 12.5%
• Equity multiple: 1.67×
• Total profit: $26,130
• Equity at exit: $50,165

10-year hold

• IRR: 18.4%
• Equity multiple: 3.57×
• Total profit: $100,521
• Equity at exit: $68,566

Cash invested: $39,172 (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 53216

• Home prices YoY: 0.3%
• Rents YoY: 7.0%
• Active inventory: 126
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,589 high
• Mortgage (P&I): −$734
• Tax from tax record: −$235 /mo · $2,821/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $228

Break-even live

Break-even rent $1,300

Max offer price $139,900

Occupancy floor 81%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3925 N 42nd St Milwaukee, WI	3.0	1.0	1300	$1,675	$1.29	44d	1	0.49mi
4139 N 50th St Milwaukee, WI	3.0	1.0	1275	$1,600	$1.25	44d	1	0.54mi
3155 N 52nd St Milwaukee, WI	3.0	2.0	1300	$1,400	$1.08	44d	1	0.63mi
3123 N 42nd St Milwaukee, WI	4.0	1.0	1500	$1,700	$1.13	23d	1	0.76mi
3122 N 42nd St Milwaukee, WI	3.0	1.0	1323	$1,495	$1.13	4d	1	0.77mi
3012 N 57th St Unit Lower Milwaukee, WI	3.0	1.0	1130	$1,398	$1.24	4d	1	0.92mi
2713 N 44th St Milwaukee, WI	3.0	1.0	1450	$1,350	$0.93	44d	1	1.18mi
4703 N 45th St Milwaukee, WI	3.0	1.0	1031	$1,695	$1.64	23d	1	1.24mi
2629 N 49th St Milwaukee, WI	3.0	1.0	1200	$1,350	$1.12	44d	1	1.26mi
4702 N 44th St Milwaukee, WI	3.0	2.0	1050	$1,850	$1.76	44d	1	1.26mi
2629 N 50th St Unit Upper Milwaukee, WI	3.0	1.0	1258	$1,375	$1.09	3d	1	1.26mi
4727 N 46th St Milwaukee, WI	3.0	1.0	936	$1,700	$1.82	44d	1	1.27mi
4153 N 68th St Milwaukee, WI	3.0	1.0	1025	$1,700	$1.66	44d	1	1.31mi
2821 W Concordia Ave Milwaukee, WI	3.0	1.5	1098	$1,595	$1.45	2d	1	1.32mi
3388 N 27th St Unit 3388 Front House Milwaukee, WI	4.0	1.0	1212	$1,550	$1.28	4d	1	1.40mi

Listing history 30 events

1. 2026-06-17
   status $139,900 Pending 135 DOM
2. 2026-06-17
   days on market $139,900 Active 135 DOM
3. 2026-06-16
   days on market $139,900 Active 134 DOM
4. 2026-06-15
   days on market $139,900 Active 133 DOM
5. 2026-06-13
   days on market $139,900 Active 131 DOM
6. 2026-06-13
   days on market $139,900 Active 130 DOM
7. 2026-06-09
   days on market $139,900 Active 127 DOM
8. 2026-06-08
   days on market $139,900 Active 126 DOM
9. 2026-06-07
   days on market $139,900 Active 125 DOM
10. 2026-06-05
    days on market $139,900 Active 122 DOM
11. 2026-06-03
    days on market $139,900 Active 121 DOM
12. 2026-06-02
    days on market $139,900 Active 120 DOM
13. 2026-06-01
    days on market $139,900 Active 119 DOM
14. 2026-05-31
    days on market $139,900 Active 118 DOM
15. 2026-03-23
    price $139,900 90-char remark

    Show marketing remark (90 chars)

    Brick Cape Cod in desirable area with large lot. This 3/4 bedroom home is tenant occupied.

16. 2026-02-02
    listed $154,900 Active 90-char remark

    Show marketing remark (90 chars)

    Brick Cape Cod in desirable area with large lot. This 3/4 bedroom home is tenant occupied.

17. 2013-02-01
    listed $119,900 350-char remark

    Show marketing remark (350 chars)

    This clean, tastefully decorated brick Cape Cod features a main level with hardwood floors, sunny LR, 2 BRs, updated bath and kitchen with new flooring and appliances incl. The upstairs has a large MBR with a walk-in closet. The lower level has a partially finished rec room and an office/den area. The lovely large lot has mature trees and a garden.

18. 2013-02-01
    historical 350-char remark

    Show marketing remark (350 chars)

    This clean, tastefully decorated brick Cape Cod features a main level with hardwood floors, sunny LR, 2 BRs, updated bath and kitchen with new flooring and appliances incl. The upstairs has a large MBR with a walk-in closet. The lower level has a partially finished rec room and an office/den area. The lovely large lot has mature trees and a garden.

19. 2013-02-01
    listed $129,900

    Show marketing remark (350 chars)

    This clean, tastefully decorated brick Cape Cod features a main level with hardwood floors, sunny LR, 2 BRs, updated bath and kitchen with new flooring and appliances incl. The upstairs has a large MBR with a walk-in closet. The lower level has a partially finished rec room and an office/den area. The lovely large lot has mature trees and a garden.

20. 2013-02-01
    historical

    Show marketing remark (350 chars)

    This clean, tastefully decorated brick Cape Cod features a main level with hardwood floors, sunny LR, 2 BRs, updated bath and kitchen with new flooring and appliances incl. The upstairs has a large MBR with a walk-in closet. The lower level has a partially finished rec room and an office/den area. The lovely large lot has mature trees and a garden.

21. 2013-02-01
    listed $129,900

    Show marketing remark (350 chars)

    This clean, tastefully decorated brick Cape Cod features a main level with hardwood floors, sunny LR, 2 BRs, updated bath and kitchen with new flooring and appliances incl. The upstairs has a large MBR with a walk-in closet. The lower level has a partially finished rec room and an office/den area. The lovely large lot has mature trees and a garden.

22. 2013-02-01
    historical

    Show marketing remark (350 chars)

    This clean, tastefully decorated brick Cape Cod features a main level with hardwood floors, sunny LR, 2 BRs, updated bath and kitchen with new flooring and appliances incl. The upstairs has a large MBR with a walk-in closet. The lower level has a partially finished rec room and an office/den area. The lovely large lot has mature trees and a garden.

23. 2013-01-30
    historical
24. 2013-01-30
    listed $29,900
25. 2012-06-18
    soldstatus $33,000
26. 2007-01-19
    soldstatus $120,000
27. 2006-12-20
    soldstatus $120,000
28. 2001-09-19
    soldstatus $68,000
29. 1993-01-01
    soldstatus $34,000
30. 1975-08-01
    soldstatus $28,400

ⓘ 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: $2,821 · $235/mo
• Projected year-2 tax: $2,821 · $235/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 ≥98°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: $19,065
• − Mortgage interest: −$7,837
• − Property taxes: −$2,821
• − Insurance: −$700
• − Repairs & maintenance: −$1,525
• − Management: −$1,525
• − Depreciation: −$4,070
• Taxable income: $587
• Est. tax owed @ 24.0%: −$141
• After-tax cash flow: $2,596/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): 30,345
• Household income: $46,752
• Rent vs Own: 52.7% rent · 47.3% own
• Severe rent burden: 2202.0

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 (81%)
• Race & ethnicity: Black 81% White 9% Hispanic / Latino 5% Two or more races 5% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 1%
• Foreign-born: 3% · Canada, Philippines, China
• Languages at home: 93% English-only · Spanish 4% Other Asian/Pacific 2%

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: ▲ 1.33%
• Current HPI: 381.0954
• Rent YoY: ▲ 7.01%
• 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

+392.6% since first listed

16 events — show timeline

• 2026-03-23 Price Changed $139,900 METROMLS
• 2026-02-02 Listed $154,900 METROMLS
• 2013-02-01 Listing Removed — METROMLS
• 2013-02-01 Listed $119,900 METROMLS
• 2013-02-01 Listing Removed — METROMLS
• 2013-02-01 Listed $129,900 METROMLS
• 2013-02-01 Listing Removed — METROMLS
• 2013-02-01 Listed $129,900 METROMLS
• 2013-01-30 Listed $29,900 METROMLS
• 2013-01-30 Listing Removed — METROMLS
• 2012-06-18 Sold (MLS) $33,000 METROMLS
• 2007-01-19 Sold (Public Records) $120,000 Public Records
• 2006-12-20 Sold (MLS) $120,000 METROMLS
• 2001-09-19 Sold (Public Records) $68,000 Public Records
• 1993-01-01 Sold (Public Records) $34,000 Public Records
• 1975-08-01 Sold (Public Records) $28,400 Public Records

Property tax history

+2.4%/yr

Latest (2024): $2,821 · +17.3% YoY. Source: county tax records.