369 Linden St · Fond du Lac, WI 54935

$135,000

3 bd · 1.5 ba · 2,242 sqft · SingleFamily · 6 Days on market

Built 1900 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 +22.7/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +6.2/10.0
• Rent growth +5.0/5.0
• Livability +3.7/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Good Bones with Tons of Upside! Southside Spacious 2 Story Home in the same family for the last 60+ years. 3+ Bedroom/1.5 Bath home with both a main floor Living Room and Family Room, Eat-in Kitchen, Dining Room and Additional Living Spaces. Upstairs are 3 Conventional Bedrooms plus an additional Den/Office and Full Bath. Upstairs Rooms are irregular sized. Main Roof Updated 16 years ago, Maintenance Free Siding. Water Heater & Plumbing Need Some Attention. Property Sold As-Is. Seller will review Initial Offers on Friday 6/19/26 at 4 PM.

Key facts

• Den/office
• Family room
• Eat-in kitchen

Tags

• EAT-IN KITCHEN
• FAMILY ROOM
• ADDITIONAL LIVING SPACES
• DEN/OFFICE
• MAINTENANCE FREE SIDING

Property features AI

Exterior

• Parking: 1 parking space
• Utilities: Municipal water; Municipal sewer
• Home design: Single-family, 2-story home; Information source for year built: Assessor/Public Record
• Construction: Less than 1/2 acre lot (approximately 0.16 acre); Zoned R2
• Exterior features: Aluminum and vinyl siding

Interior

• Kitchen: Kitchen on main level — 18 x 13
• Bedrooms: Master bedroom (Upper) — 14 x 12; Bedroom 2 (Upper) — 11 x 9; Bedroom 3 (Upper) — 11 x 8; Den/office (Upper) — 17 x 12
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Radiant / hot water heating; Natural gas fuel
• Interior features: Full basement with stone finish
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $232 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Cap rate 8.4% vs local median 2.6% in Fond du Lac — 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 74/100 on livability (#170 in WI, #4,627 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime D, amenities F.
• Fond Du Lac School District (urban): math 34% / reading 31% proficiency, ranked #255 of 342 in WI (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Fond Du Lac High (math 34% / reading 39%, grade F, #137 of 483 statewide, top 28%, 2,006 students, 41% FRL) — zoned schools at 41% FRL track the district average.
• Market conditions: Rents rising fast (+11.2%/yr); 155 active listings in the ZIP; 154 units permitted in Fond du Lac County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Fond du Lac County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $38k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $135,000

Questions for the listing agent

1. Built in 1900 — 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. 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?
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: 1.12% ✓
• Cap rate: 8.36%
• Cash-on-cash: 7.37%
• DSCR: 1.33
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $284,734
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
153 15th St	0.51mi	3/2.0	2,237 (-0%)	5mo	$270,000	$121	70
171 Sheboygan St	0.75mi	3/1.0	2,202 (-2%)	2mo	$322,500	$146	58
285 4th St	0.69mi	3/1.5	2,137 (-5%)	4mo	$210,000	$98	57
106 S Park Ave	0.66mi	3/2.5	2,280 (+2%)	8mo	$250,000	$110	56
48 Woodland Ave	0.54mi	4/2.5 (+1)	2,154 (-4%)	5mo	$325,000	$151	55
172 15th St	0.55mi	4/1.5 (+1)	2,367 (+6%)	6mo	$299,900	$127	55
668 S Park Ave	0.73mi	4/2.0 (+1)	2,309 (+3%)	2mo	$255,000	$110	52
176 15th St	0.56mi	4/2.5 (+1)	2,396 (+7%)	2mo	$355,000	$148	52
558 S Park Ave	0.57mi	3/2.0	1,944 (-13%)	1mo	$292,000	$150	48
685 Grace Ave	0.61mi	3/3.0	2,448 (+9%)	4mo	$337,500	$138	47
253 4th St	0.63mi	3/1.5	1,905 (-15%)	2mo	$205,000	$108	44
227 4th St	0.59mi	4/2.0 (+1)	1,984 (-12%)	3mo	$218,000	$110	44

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 0.6%
• Equity multiple: 1.02×
• Total profit: $910
• Equity at exit: $20,129

10-year hold

• IRR: 14.9%
• Equity multiple: 2.49×
• Total profit: $56,252
• Equity at exit: $11,672

Cash invested: $37,800 (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 54935

• Rents YoY: 11.2%
• Active inventory: 155
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,508 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$195 /mo · $2,341/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $232

Break-even live

Break-even rent $1,214

Max offer price $135,000

Occupancy floor 80%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-19
   days on market $135,000 Active 6 DOM
2. 2026-06-18
   days on market $135,000 Active 5 DOM
3. 2026-06-17
   days on market $135,000 Active 4 DOM
4. 2026-06-16
   days on market $135,000 Active 3 DOM
5. 2026-06-15
   days on market $135,000 Active 2 DOM
6. 2026-06-14
   remarks 545-char remark
7. 2026-06-14
   listed $135,000 Active 1 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: $2,341 · $195/mo
• Projected year-2 tax: $2,419 · $202/mo
• Expected delta: +$78/yr (+$7/mo · 3.3%)

ⓘ 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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,096
• − Mortgage interest: −$7,562
• − Property taxes: −$2,341
• − Insurance: −$675
• − Repairs & maintenance: −$1,448
• − Management: −$1,448
• − Depreciation: −$3,927
• Taxable income: $695
• Est. tax owed @ 24.0%: −$167
• After-tax cash flow: $2,617/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: Fond Du Lac School District
• NCES district ID: 5504680
• Math proficiency: 34% ▼ -8.00%
• Reading proficiency: 31% ▼ -6.00%
• Median HH income: $50,125
• Composite: 28.31/100
• National rank: #6786
• State rank: #255 of 342 in WI

Livability — Fond du Lac

• Score: 74/100
• State rank: #170
• US rank: #4627

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fond du Lac, WI
• County: Fond du Lac County · 41,613 people
• City population: 41,613
• Metro: Fond du Lac, WI
• Population (ZIP): 41,613
• Household income: $63,144
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 1157.0

Population outlook (Fond du Lac County) Hauer SSP2

• Today (2025): 102,433 people
• By 2030: 101,594 · -0.8%
• By 2040: 98,503 · -3.8%
• By 2050: 95,039 · -7.2%
• By 2075: 90,551 · -11.6%
• By 2100: 87,819 · -14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 9% Two or more races 6% Asian 3% Black 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 5% Lithuanian 4% Portuguese 3%
• Foreign-born: 5% · Canada, China
• Languages at home: 92% English-only · Spanish 5% Chinese 1% Other Asian/Pacific 1%

Political lean MEDSL · Fond du Lac

• 2024 margin: Strong R (+28.7) · D 35.1% · R 63.8% · Other 1.1%
• 2008→2024 swing: -19.7pp toward R · 2008: -9.0pp · 2024: -28.7pp
• All cycles: 2024: R+28.7 2020: R+26.5 2016: R+26.7 2012: R+15.0 2008: R+9.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -178.76%
• Current HPI: 205.5097
• Rent YoY: ▲ 11.15%
• Metro: Fond du Lac, 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

• 2026-06-11 Listed $135,000 METROMLS

Property tax history

+0.2%/yr

Latest (2025): $2,341 · +20.0% YoY. Source: county tax records.