2142 Strongs Ave · Stevens Point, WI 54481

$159,900

4 bd · 1.0 ba · 1,290 sqft · Other · 29 Days on market

Built 1910 6,969 sqft lot

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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 +18.8/30.0
• ARV discount +7.5/15.0
• DSCR +5.9/10.0
• 1% rule +5.3/10.0
• Livability +4.2/5.0
• Rent growth +3.4/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming 3-bedroom, 1-bath home offering 1,100 sq ft of comfortable living space in the heart of Stevens Point! Nestled on a quiet street, this cozy property is within walking distance to downtown Stevens Point, the Wisconsin River and 2 local favorite ice cream shops. Inside, you?ll find plenty of potential to make the space your own and add your personal touch. Whether you?re looking for a starter home, investment opportunity, or downsizing option, this home offers convenience, character, and a great location close to shopping, dining, and entertainment. ,There is a new ceiling in the room off of the living room. New kitchen window and a new dishwasher. Make an offer the seller cannot ref

Key facts

• Quiet street
• 6,969 sq ft lot
• Garage

Tags

• WALKING DISTANCE TO DOWNTOWN
• QUIET STREET
• GREAT LOCATION CLOSE TO DINING

Property features AI

Exterior

• Utilities: Municipal water; Municipal sewer; Natural gas
• Home design: Single-family home; 2-story design; Estimated finished living area about 1,290
• Construction: Shingle roof
• Exterior features: Other exterior finish; Lot about 0.16 acre; Zoned residential

Interior

• Kitchen: Kitchen approximately 14 x 14; Refrigerator; Range/oven; Dishwasher; Microwave
• Bedrooms: Master bedroom on main level, approximately 10 x 18; Second bedroom on main level, approximately 10 x 8; Third bedroom on upper level, approximately 12 x 10; Fourth bedroom on upper level, approximately 15 x 11
• Flooring: Carpet
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating; Window/wall air conditioning
• Interior features: Carpeted flooring; Partial, unfinished basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath other listed at $160k.

Deal economics

• At list price, monthly cash flow is $162 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $158k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 2.6% in Stevens Point — 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 85/100 on livability (#27 in WI, #490 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, cost of living A+; Watch: employment D+.
• Stevens Point Area Public School District (town): math 36% / reading 38% proficiency, ranked #203 of 342 in WI (top 59%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Stevens Point Area Senior High (math 31% / reading 31%, grade F, #204 of 483 statewide, top 43%, 1,462 students, 32% FRL) — zoned schools at 32% FRL track the district average.
• Market conditions: Rents rising (+3.6%/yr); 70 active listings in the ZIP; 255 units permitted in Portage County in 2024 (115 in 5+ unit buildings).
• This rent runs 33% of the median local income ($60k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $70k; list at $160k implies a 128% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $157,501 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — 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. 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: 1.03% ✓
• Cap rate: 7.51%
• Cash-on-cash: 4.33%
• DSCR: 1.19
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.64% rent growth · sell at horizon

5-year hold

• IRR: -8.8%
• Equity multiple: 0.68×
• Total profit: $-14,505
• Equity at exit: $23,842

10-year hold

• IRR: 1.6%
• Equity multiple: 1.12×
• Total profit: $5,227
• Equity at exit: $13,825

Cash invested: $44,772 (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 54481

• Rents YoY: 3.6%
• Active inventory: 70
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,641 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$229 /mo · $2,751/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $162

Break-even live

Break-even rent $1,436

Max offer price $159,900

Occupancy floor 85%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $159,900 Active 29 DOM
2. 2026-06-18
   days on market $159,900 Active 28 DOM
3. 2026-06-17
   days on market $159,900 Active 27 DOM
4. 2026-06-16
   days on market $159,900 Active 26 DOM
5. 2026-06-15
   days on market $159,900 Active 25 DOM
6. 2026-06-14
   days on market $159,900 Active 23 DOM
7. 2026-06-12
   days on market $159,900 Active 22 DOM
8. 2026-06-09
   days on market $159,900 Active 19 DOM
9. 2026-06-08
   days on market $159,900 Active 18 DOM
10. 2026-06-07
    remarks 699-char remark
11. 2026-06-07
    days on market $159,900 Active 17 DOM
12. 2026-06-02
    days on market $159,900 Active 12 DOM
13. 2026-06-01
    days on market $159,900 Active 11 DOM
14. 2026-05-31
    days on market $159,900 Active 10 DOM
15. 2026-05-30
    days on market $159,900 Active 9 DOM
16. 2026-05-21
    listed $159,900 Active
17. 2020-12-17
    soldstatus $70,000

ⓘ 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: $2,751 · $229/mo
• Projected year-2 tax: $2,855 · $238/mo
• Expected delta: +$103/yr (+$9/mo · 3.8%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 13 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: $19,689
• − Mortgage interest: −$8,957
• − Property taxes: −$2,751
• − Insurance: −$800
• − Repairs & maintenance: −$1,575
• − Management: −$1,575
• − Depreciation: −$4,652
• Taxable loss: −$621
• Est. tax savings @ 24.0%: +$149
• After-tax cash flow: $2,090/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: Stevens Point Area Public School District
• NCES district ID: 5514490
• Math proficiency: 36% ▼ -8.00%
• Reading proficiency: 38% ▼ -6.00%
• Median HH income: $50,284
• Composite: 32.03/100
• National rank: #5825
• State rank: #203 of 342 in WI

Livability — Stevens Point

• Score: 85/100
• State rank: #27
• US rank: #490

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Stevens Point, WI
• County: Portage County · 43,112 people
• City population: 28,242
• Metro: Stevens Point, WI
• Population (ZIP): 28,242
• Household income: $59,545
• Rent vs Own: 42.6% rent · 57.4% own
• Severe rent burden: 945.0

Population outlook (Portage County) Hauer SSP2

• Today (2025): 71,902 people
• By 2030: 72,387 · +0.7%
• By 2040: 72,081 · +0.2%
• By 2050: 70,729 · -1.6%
• By 2075: 68,457 · -4.8%
• By 2100: 65,574 · -8.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 5% Hispanic / Latino 4% Asian 4% Black 2%
• Common ancestry: Romanian 24% Portuguese 6% Lithuanian 3%
• Foreign-born: 3% · Canada, China
• Languages at home: 96% English-only · Other Asian/Pacific 2% Spanish 1%

Political lean MEDSL · Portage

• 2024 margin: Toss-up / Even · D 49.8% · R 48.6% · Other 1.6%
• 2008→2024 swing: -26.7pp toward R · 2008: 27.9pp · 2024: 1.2pp
• All cycles: 2024: D+1.2 2020: D+2.8 2016: D+3.2 2012: D+13.9 2008: D+27.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -181.29%
• Current HPI: 237.4151
• Rent YoY: ▲ 3.64%
• Metro: Stevens Point, 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

+128.4% since first listed

2 events — show timeline

• 2026-05-21 Listed $159,900 CWMLS
• 2020-12-17 Sold (Public Records) $70,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $2,751 · +10.7% YoY. Source: county tax records.