W7675 Kennedy Dr · Wausaukee, WI 54177

$59,900

1 bd · 1.0 ba · 680 sqft · Other · 16 Days on market

Built 1970 0.43 ac lot

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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
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.3/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Looking for your own recreational get away? You won't want to miss out on this one. Located in Sweetheart City near lakes, atv trails and more. Newer detached garage offers space for all your toys. Possible frozen pipes. Sold in ''AS-IS'' Condition.

Key facts

• 0.43 acre lot
• 2 garage spots
• Built 1970

Tags

• WALKING DISTANCE OF WOLF LAKE

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Well water; Private septic system
• Home design: Single-family home; One-story
• Construction: Estimated finished above-grade area about 680; No finished below-grade area
• Exterior features: Cedar exterior; Lot approximately 0.43 acres; Zoned recreational and residential

Interior

• Kitchen: Kitchen on main level (10 x 19)
• Bedrooms: Main-level master bedroom (7 x 10)
• Bathrooms: 1 full bathroom
• Heating & cooling: LP gas heat; Wall/sleeve air conditioning
• Interior features: Main-level living room; Main-level kitchen; No basement (slab/block foundation indicated)

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath other listed at $60k.

Deal economics

• At list price, monthly cash flow is $254 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($799 rent vs $60k).
• Recommended offer: $59k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#530 in WI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B; Watch: crime D+, schools F, amenities F.
• Crivitz School District (rural): math 38% / reading 34% proficiency, ranked #225 of 342 in WI (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 49 active listings in the ZIP; 145 units permitted in Marinette County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($414 loan paydown + $6k appreciation (10.0% local appreciation)).
• Marinette County population projected at -26% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $25k; list at $60k implies a 140% gain — meaningful room to come down on a strong offer.

Recommended offer $59,001 (1.5% below list)

Questions for the listing agent

1. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is D 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?
5. 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.
6. 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.
7. 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: 1.33% ✓
• Cap rate: 11.38%
• Cash-on-cash: 18.18%
• DSCR: 1.81
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 37.8%
• Equity multiple: 3.91×
• Total profit: $48,796
• Equity at exit: $53,963

10-year hold

• IRR: 32.5%
• Equity multiple: 8.81×
• Total profit: $130,949
• Equity at exit: $116,373

Cash invested: $16,772 (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 54177

• Home prices YoY: 9.4%
• Active inventory: 49
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $799 medium
• Mortgage (P&I): −$314
• Tax from tax record: −$38 /mo · $453/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$168
• Net cashflow: $254

Break-even live

Break-even rent $477

Max offer price $59,900

Occupancy floor 63%

Sensitivity live

Price	-10% $288	-5% $271	+0% $254	+5% $237	+10% $220
Rent	-10% $191	-5% $223	+0% $254	+5% $286	+10% $317
Rate	-1.0pp $284	-0.5pp $269	base $254	+0.5pp $239	+1.0pp $223

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-21
   days on market $59,900 Active 16 DOM
2. 2026-06-18
   days on market $59,900 Active 14 DOM
3. 2026-06-17
   days on market $59,900 Active 13 DOM
4. 2026-06-16
   days on market $59,900 Active 12 DOM
5. 2026-06-15
   days on market $59,900 Active 11 DOM
6. 2026-06-15
   days on market $59,900 Active 10 DOM
7. 2026-06-13
   days on market $59,900 Active 9 DOM
8. 2026-06-12
   days on market $59,900 Active 8 DOM
9. 2026-06-09
   days on market $59,900 Active 5 DOM
10. 2026-06-08
    days on market $59,900 Active 4 DOM
11. 2026-06-08
    days on market $59,900 Active 3 DOM
12. 2026-06-07
    remarks 699-char remark
13. 2026-06-07
    listed $59,900 Active 2 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: $453 · $38/mo
• Projected year-2 tax: $781 · $65/mo
• Expected delta: +$327/yr (+$27/mo · 72.2%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 1/10 Low 7 d/yr ≥94°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,584
• − Mortgage interest: −$3,355
• − Property taxes: −$453
• − Insurance: −$300
• − Repairs & maintenance: −$767
• − Management: −$767
• − Depreciation: −$1,743
• Taxable income: $2,200
• Est. tax owed @ 24.0%: −$528
• After-tax cash flow: $2,521/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: Crivitz School District
• NCES district ID: 5502970
• Math proficiency: 38% ▼ -7.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $40,013
• Composite: 30.25/100
• National rank: #6289
• State rank: #225 of 342 in WI

Livability — Wausaukee

• Score: 64/100
• State rank: #530
• US rank: #13647

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,788

Population outlook (Marinette County) Hauer SSP2

• Today (2025): 38,716 people
• By 2030: 37,015 · -4.4%
• By 2040: 32,824 · -15.2%
• By 2050: 28,502 · -26.4%
• By 2075: 20,562 · -46.9%
• By 2100: 15,072 · -61.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2% Asian 1%
• Common ancestry: Romanian 10% Lithuanian 6% Italian 4%
• Foreign-born: 2%
• Languages at home: 97% English-only · Tagalog/Filipino 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Marinette

• 2024 margin: Solid R (+38.0) · D 30.4% · R 68.4% · Other 1.1%
• 2008→2024 swing: -44.9pp toward R · 2008: 6.9pp · 2024: -38.0pp
• All cycles: 2024: R+38.0 2020: R+34.5 2016: R+33.8 2012: R+3.6 2008: D+6.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 25.36%
• Current HPI: 296.0179
• Rent YoY: —
• Metro: —
• 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

+299.3% since first listed

3 events — show timeline

• 2026-05-30 Listed $59,900 RANW
• 2024-10-04 Sold (Public Records) $25,000 Public Records
• 2010-08-06 Sold (MLS) $15,000 METROMLS

Property tax history

+1.8%/yr

Latest (2025): $453 · +0.2% YoY. Source: county tax records.