7107 38th St · Somers, WI 53144

$269,900

3 bd · 1.0 ba · 1,326 sqft · SingleFamily public records · 3 Days on market

Built 1954 0.37 ac lot Est $349k · 23% under

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Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +13.9/30.0
• DSCR +4.2/10.0
• Livability +3.4/5.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Convenient to shopping and interstate. Well kept 3 bed, 1 bath brick cape cod home with low Somers taxes. Hardwood floors throughout living space, new lvp floor in kitchen and bath. New furnace in 2020, new AC, water heater, washer & dryer in 2021, ALL new windows (including basement), refrigerator, and sump pump in 2022, new back door in 2024. Spacious deck overlooking large back yard and oversized 2 car garage.

Key facts

• Large deck
• Updated appliances
• Spacious backyard

Tags

• LARGE DECK
• SPACIOUS BACKYARD
• REFINISHED HARDWOOD FLOORS
• NEWER MECHANICALS
• UPDATED APPLIANCES
• NEW WINDOWS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $31 ($367/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $222k (17.9% below list).
• Recommended offer: $222k (17.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#384 in WI) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A-; Watch: amenities F, commute F, health & safety F.
• Kenosha School District (suburban): math 26% / reading 31% proficiency, ranked #287 of 342 in WI (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 65 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 259 units permitted in Kenosha County in 2024 (8 in 5+ unit buildings).
• This rent runs 35% of the median local income ($77k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $221,621 (17.9% below list)

Questions for the listing agent

1. Built in 1954 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. 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.
5. 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.
6. 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: 0.82% ✗
• Cap rate: 6.43%
• Cash-on-cash: 0.49%
• DSCR: 1.02
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $348,738
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6733 38th St	0.21mi	3/2.5	1,332 (+0%)	8mo	$350,000	$263	77

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: -15.6%
• Equity multiple: 0.45×
• Total profit: $-41,842
• Equity at exit: $40,243

10-year hold

• IRR: -7.1%
• Equity multiple: 0.55×
• Total profit: $-34,151
• Equity at exit: $23,336

Cash invested: $75,572 (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 53144

• Active inventory: 65
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $2,216 medium
• Mortgage (P&I): −$1,415
• Tax from tax record: −$192 /mo · $2,308/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$465
• Net cashflow: $31

Break-even live

Break-even rent $2,177

Max offer price $269,900

Occupancy floor 94%

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: $67,475
• Closing costs: $8,097
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6300 44th St #122 Kenosha, WI	3.0	2.0	1730	$2,500	$1.45	2d	1	0.71mi
5418 Washington Rd Kenosha, WI	2.0	2.0	1400	$1,910	$1.36	3d	10	1.09mi
5414 58th Ave Apt 2 Kenosha, WI	3.0	1.0	950	$1,465	$1.54	18d	1	1.39mi

Listing history 14 events

1. 2026-04-20
   status Pending
2. 2026-04-17
   listed $269,900 Active
3. 2025-03-24
   soldstatus $240,000
4. 2025-03-21
   soldstatus $240,000 Sold 423-char remark

   Show marketing remark (423 chars)

   Convenient to shopping and interstate. Well kept 3 bed, 1 bath brick cape cod home with low Somers taxes. Hardwood floors throughout living space, new lvp floor in kitchen and bath. New furnace in 2020, new AC, water heater, washer & dryer in 2021, ALL new windows (including basement), refrigerator, and sump pump in 2022, new back door in 2024. Spacious deck overlooking large back yard and oversized 2 car garage.

5. 2025-02-23
   status Pending 423-char remark

   Show marketing remark (423 chars)

   Convenient to shopping and interstate. Well kept 3 bed, 1 bath brick cape cod home with low Somers taxes. Hardwood floors throughout living space, new lvp floor in kitchen and bath. New furnace in 2020, new AC, water heater, washer & dryer in 2021, ALL new windows (including basement), refrigerator, and sump pump in 2022, new back door in 2024. Spacious deck overlooking large back yard and oversized 2 car garage.

6. 2025-02-18
   listed $230,000 Active 423-char remark

   Show marketing remark (423 chars)

   Convenient to shopping and interstate. Well kept 3 bed, 1 bath brick cape cod home with low Somers taxes. Hardwood floors throughout living space, new lvp floor in kitchen and bath. New furnace in 2020, new AC, water heater, washer & dryer in 2021, ALL new windows (including basement), refrigerator, and sump pump in 2022, new back door in 2024. Spacious deck overlooking large back yard and oversized 2 car garage.

7. 2022-05-25
   soldstatus $156,500
8. 2021-04-23
   soldstatus $156,500 Sold 333-char remark

   Show marketing remark (333 chars)

   Nice 3 bedroom cape cod close to the interstate and on a huge lot with tons of updates ! Brand new central air unit, furnace, drain tile system, roof, and granite countertops in kitchen. New tile in bathroom along with hardwood floors throughout the main level. Good size deck overlooks your backyard with an oversized 2 car garage.

9. 2021-03-08
   historical Contingent 333-char remark

   Show marketing remark (333 chars)

   Nice 3 bedroom cape cod close to the interstate and on a huge lot with tons of updates ! Brand new central air unit, furnace, drain tile system, roof, and granite countertops in kitchen. New tile in bathroom along with hardwood floors throughout the main level. Good size deck overlooks your backyard with an oversized 2 car garage.

10. 2021-02-18
    price $159,900 333-char remark

    Show marketing remark (333 chars)

    Nice 3 bedroom cape cod close to the interstate and on a huge lot with tons of updates ! Brand new central air unit, furnace, drain tile system, roof, and granite countertops in kitchen. New tile in bathroom along with hardwood floors throughout the main level. Good size deck overlooks your backyard with an oversized 2 car garage.

11. 2021-02-10
    price $165,000 333-char remark

    Show marketing remark (333 chars)

    Nice 3 bedroom cape cod close to the interstate and on a huge lot with tons of updates ! Brand new central air unit, furnace, drain tile system, roof, and granite countertops in kitchen. New tile in bathroom along with hardwood floors throughout the main level. Good size deck overlooks your backyard with an oversized 2 car garage.

12. 2021-01-12
    price $169,900 333-char remark

    Show marketing remark (333 chars)

    Nice 3 bedroom cape cod close to the interstate and on a huge lot with tons of updates ! Brand new central air unit, furnace, drain tile system, roof, and granite countertops in kitchen. New tile in bathroom along with hardwood floors throughout the main level. Good size deck overlooks your backyard with an oversized 2 car garage.

13. 2021-01-11
    price $174,900 333-char remark

    Show marketing remark (333 chars)

    Nice 3 bedroom cape cod close to the interstate and on a huge lot with tons of updates ! Brand new central air unit, furnace, drain tile system, roof, and granite countertops in kitchen. New tile in bathroom along with hardwood floors throughout the main level. Good size deck overlooks your backyard with an oversized 2 car garage.

14. 2020-12-10
    listed $179,900 Active 333-char remark

    Show marketing remark (333 chars)

    Nice 3 bedroom cape cod close to the interstate and on a huge lot with tons of updates ! Brand new central air unit, furnace, drain tile system, roof, and granite countertops in kitchen. New tile in bathroom along with hardwood floors throughout the main level. Good size deck overlooks your backyard with an oversized 2 car garage.

ⓘ 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: $2,308 · $192/mo
• Projected year-2 tax: $3,651 · $304/mo
• Expected delta: +$1,342/yr (+$112/mo · 58.2%)

ⓘ 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 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,595
• − Mortgage interest: −$15,119
• − Property taxes: −$2,308
• − Insurance: −$1,350
• − Repairs & maintenance: −$2,128
• − Management: −$2,128
• − Depreciation: −$7,852
• Taxable loss: −$4,289
• Est. tax savings @ 24.0%: +$1,029
• After-tax cash flow: $1,397/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: Kenosha School District
• NCES district ID: 5507320
• Math proficiency: 26% ▼ -9.00%
• Reading proficiency: 31% ▼ -6.00%
• Median HH income: $52,407
• Composite: 25.17/100
• National rank: #7516
• State rank: #287 of 342 in WI

Livability — Somers

• Score: 68/100
• State rank: #384
• US rank: #9680

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Kenosha County · 130,343 people
• City population: 26,652
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 26,652
• Household income: $76,507
• Rent vs Own: 44.4% rent · 55.6% own
• Severe rent burden: 1084.0

Population outlook (Kenosha County) Hauer SSP2

• Today (2025): 174,032 people
• By 2030: 174,923 · +0.5%
• By 2040: 173,895 · -0.1%
• By 2050: 170,102 · -2.3%
• By 2075: 162,952 · -6.4%
• By 2100: 154,781 · -11.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 18% Two or more races 12% Black 10% Asian 3%
• Hispanic origin (detail): Mexican 13% Puerto Rican 2%
• Common ancestry: Romanian 5% Portuguese 4% Italian 2%
• Foreign-born: 9% · Canada
• Languages at home: 84% English-only · Spanish 12% Other Asian/Pacific 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Kenosha

• 2024 margin: Lean R (+6.2) · D 46.2% · R 52.5% · Other 1.3%
• 2008→2024 swing: -24.3pp toward R · 2008: 18.1pp · 2024: -6.2pp
• All cycles: 2024: R+6.2 2020: R+3.1 2016: R+0.3 2012: D+12.3 2008: D+18.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -144.10%
• Current HPI: 238.1217
• Rent YoY: —
• Metro: Chicago-Naperville-Elgin, IL-IN-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

+50.0% since first listed

14 events — show timeline

• 2026-04-20 Pending — METROMLS
• 2026-04-17 Listed $269,900 METROMLS
• 2025-03-24 Sold (Public Records) $240,000 Public Records
• 2025-03-21 Sold (MLS) $240,000 METROMLS
• 2025-02-23 Pending — METROMLS
• 2025-02-18 Listed $230,000 METROMLS
• 2022-05-25 Sold (Public Records) $156,500 Public Records
• 2021-04-23 Sold (MLS) $156,500 METROMLS
• 2021-03-08 Contingent — METROMLS
• 2021-02-18 Price Changed $159,900 METROMLS
• 2021-02-10 Price Changed $165,000 METROMLS
• 2021-01-12 Price Changed $169,900 METROMLS
• 2021-01-11 Price Changed $174,900 METROMLS
• 2020-12-10 Listed $179,900 METROMLS

Property tax history

-0.5%/yr

Latest (2025): $2,308 · +3.7% YoY. Source: county tax records.