W2525 Woodland Rd · Iron Ridge, WI 53035

$139,000

3 bd · 2.0 ba · 1,706 sqft · Other · 41 Days on market

Built 2026 0.85 ac lot

---

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 +24.1/30.0
• Appreciation +10.0/10.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• Livability +3.4/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Only a change of plans makes this building opportunity available! This beautiful 0.84 acre +/- country lot, located in a cul-de-sac, has a basement foundation already there! The footprint is for a gorgeous 1706 SF 3 BR ranch home with a 3-car garage and covered rear porch! The home plans and material list are included, as well as the trusses and lumber on site! The gas and electric hookups are planned with the utilities and ready for the next owner to take over the process. The shared well is already at the site and ready to hook into. Municipal sewer is also available. Don't miss out!

Key facts

• Covered porch
• Open floor plan
• Country lot

Tags

• COUNTRY LOT
• FOUNDATION BEING CONSTRUCTED
• OPEN FLOOR PLAN
• COVERED PORCH
• PRIVATE SHARED WELL
• GAS AND ELECTRIC UTILITIES

Property features AI

Finance

• Other: Inclusions: Wood, trusses, digital blueprints, wood on site and other materials; Exclusions: Seller's personal property; Listing updated May 20, 2026

Exterior

• Parking: Attached 3-car garage
• Utilities: Municipal sewer; Shared well; Natural gas service
• Home design: Single-family, 1 story
• Construction: Block basement
• Exterior features: Under construction / To be built; New construction; Lot size about 0.85 acre (approximately 1/2 to 1 acre); Residential zoning; Exterior: Other

Interior

• Kitchen: Main-level kitchen (15 x 11)
• Bedrooms: Main-level primary bedroom (17 x 12); Main-level bedroom 2 (10 x 11); Main-level bedroom 3 (11 x 10)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Heating/cooling: Other (see remarks)
• Interior features: Main-level living room (20 x 16); Main-level dining room (13 x 11); Main-level den/office (approx. 10' wide); Block basement
• Laundry & utility: Shared well

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $139k.

Deal economics

• At list price, monthly cash flow is $275 ($3k/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 $139k (0.0% below list).
• Recommended offer: $135k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#412 in WI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Hartford Uhs School District (suburban): math 27% / reading 33% proficiency, ranked #261 of 342 in WI (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hartford High (math 27% / reading 33%, grade F, #208 of 483 statewide, top 46%, 1,316 students, 22% FRL).
• Market conditions: 8 active listings in the ZIP; 229 units permitted in Dodge County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($961 loan paydown + $14k appreciation (10.0% local appreciation)).
• Dodge County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, 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 41 days — a 3% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago; this cycle's ask has dropped $21k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $32k; list at $139k implies a 328% gain — meaningful room to come down on a strong offer.

Recommended offer $134,830 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-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. 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: 1.00% ✗
• Cap rate: 8.67%
• Cash-on-cash: 8.48%
• DSCR: 1.38
• GRM: 8.3

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: 30.4%
• Equity multiple: 3.39×
• Total profit: $93,151
• Equity at exit: $125,222

10-year hold

• IRR: 26.4%
• Equity multiple: 7.69×
• Total profit: $260,417
• Equity at exit: $270,046

Cash invested: $38,920 (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 53035

• Home prices YoY: 6.0%
• Active inventory: 8
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,389 medium
• Mortgage (P&I): −$729
• Tax from tax record: −$36 /mo · $430/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $275

Break-even live

Break-even rent $1,041

Max offer price $139,000

Occupancy floor 75%

Sensitivity live

Price	-10% $354	-5% $314	+0% $275	+5% $236	+10% $196
Rent	-10% $165	-5% $220	+0% $275	+5% $330	+10% $385
Rate	-1.0pp $345	-0.5pp $310	base $275	+0.5pp $239	+1.0pp $202

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-21
   days on market $139,000 Active 41 DOM
2. 2026-06-18
   days on market $139,000 Active 38 DOM
3. 2026-06-18
   price $139,000 Active 37 DOM
4. 2026-06-17
   days on market $159,900 Active 37 DOM
5. 2026-06-16
   days on market $159,900 Active 36 DOM
6. 2026-06-15
   days on market $159,900 Active 35 DOM
7. 2026-06-13
   days on market $159,900 Active 33 DOM
8. 2026-06-09
   days on market $159,900 Active 29 DOM
9. 2026-06-08
   days on market $159,900 Active 28 DOM
10. 2026-06-07
    days on market $159,900 Active 27 DOM
11. 2026-06-05
    days on market $159,900 Active 24 DOM
12. 2026-06-03
    days on market $159,900 Active 23 DOM
13. 2026-06-02
    days on market $159,900 Active 22 DOM
14. 2026-06-01
    days on market $159,900 Active 21 DOM
15. 2026-05-31
    days on market $159,900 Active 20 DOM
16. 2026-05-12
    price $159,900 596-char remark

    Show marketing remark (596 chars)

    Only a change of plans makes this building opportunity available! This beautiful 0.84 acre +/- country lot, located in a cul-de-sac, has a basement foundation already there! The footprint is for a gorgeous 1706 SF 3 BR ranch home with a 3-car garage and covered rear porch! The home plans and material list are included, as well as the trusses and lumber on site! The gas and electric hookups are planned with the utilities and ready for the next owner to take over the process. The shared well is already at the site and ready to hook into. Municipal sewer is also available. Don't miss out!

17. 2026-05-11
    listed $159,900 Active
18. 2026-05-02
    price $195,000 596-char remark

    Show marketing remark (596 chars)

    Only a change of plans makes this building opportunity available! This beautiful 0.84 acre +/- country lot, located in a cul-de-sac, has a basement foundation already there! The footprint is for a gorgeous 1706 SF 3 BR ranch home with a 3-car garage and covered rear porch! The home plans and material list are included, as well as the trusses and lumber on site! The gas and electric hookups are planned with the utilities and ready for the next owner to take over the process. The shared well is already at the site and ready to hook into. Municipal sewer is also available. Don't miss out!

19. 2026-05-02
    listed $190,000 Active 596-char remark

    Show marketing remark (596 chars)

    Only a change of plans makes this building opportunity available! This beautiful 0.84 acre +/- country lot, located in a cul-de-sac, has a basement foundation already there! The footprint is for a gorgeous 1706 SF 3 BR ranch home with a 3-car garage and covered rear porch! The home plans and material list are included, as well as the trusses and lumber on site! The gas and electric hookups are planned with the utilities and ready for the next owner to take over the process. The shared well is already at the site and ready to hook into. Municipal sewer is also available. Don't miss out!

20. 2025-07-18
    historical 602-char remark

    Show marketing remark (602 chars)

    A change of plans makes this unique opportunity possible! This desirable country 0.84 acre lot has a foundation being constructed for a future 3 BR 2 BA 1706 SF home to be completed by the buyers, after the closing. Buy today and begin building tomorrow as everything is ready to go. The home plans feature a stunning contemporary ranch home with an open floor plan including a covered porch, 3 car garage and gorgeous exterior! The lower level will have lookout / partial exposure for future finishing. Trusses, wood, siding, and other materials included in sale. Don't miss out on this opportunity!

21. 2025-07-15
    price $209,000 602-char remark

    Show marketing remark (602 chars)

    A change of plans makes this unique opportunity possible! This desirable country 0.84 acre lot has a foundation being constructed for a future 3 BR 2 BA 1706 SF home to be completed by the buyers, after the closing. Buy today and begin building tomorrow as everything is ready to go. The home plans feature a stunning contemporary ranch home with an open floor plan including a covered porch, 3 car garage and gorgeous exterior! The lower level will have lookout / partial exposure for future finishing. Trusses, wood, siding, and other materials included in sale. Don't miss out on this opportunity!

22. 2025-06-23
    listed $235,000 Active 602-char remark

    Show marketing remark (602 chars)

    A change of plans makes this unique opportunity possible! This desirable country 0.84 acre lot has a foundation being constructed for a future 3 BR 2 BA 1706 SF home to be completed by the buyers, after the closing. Buy today and begin building tomorrow as everything is ready to go. The home plans feature a stunning contemporary ranch home with an open floor plan including a covered porch, 3 car garage and gorgeous exterior! The lower level will have lookout / partial exposure for future finishing. Trusses, wood, siding, and other materials included in sale. Don't miss out on this opportunity!

23. 2020-08-14
    soldstatus $32,500 Sold
24. 2020-07-15
    historical Contingent
25. 2020-04-01
    listed $34,900 Active
26. 2017-12-15
    historical
27. 2017-11-16
    price $28,000
28. 2017-06-14
    listed $32,000 Active

ⓘ 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: $430 · $36/mo
• Projected year-2 tax: $1,501 · $125/mo
• Expected delta: +$1,071/yr (+$89/mo · 249.0%)

ⓘ 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 ≥99°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,673
• − Mortgage interest: −$7,786
• − Property taxes: −$430
• − Insurance: −$695
• − Repairs & maintenance: −$1,334
• − Management: −$1,334
• − Depreciation: −$4,044
• Taxable income: $1,050
• Est. tax owed @ 24.0%: −$252
• After-tax cash flow: $3,047/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: Hartford Uhs School District
• NCES district ID: 5506120
• Math proficiency: 27% ▼ -5.00%
• Reading proficiency: 33% ▼ -14.00%
• Median HH income: $59,737
• Composite: 27.11/100
• National rank: #7040
• State rank: #261 of 342 in WI

Livability — Iron Ridge

• Score: 67/100
• State rank: #412
• US rank: #10261

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,432

Population outlook (Dodge County) Hauer SSP2

• Today (2025): 88,405 people
• By 2030: 87,650 · -0.9%
• By 2040: 84,919 · -3.9%
• By 2050: 80,674 · -8.7%
• By 2075: 73,062 · -17.4%
• By 2100: 63,985 · -27.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 5% Two or more races 3%
• Common ancestry: Romanian 7% Iranian 2% Portuguese 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1%

Political lean MEDSL · Dodge

• 2024 margin: Solid R (+32.9) · D 32.8% · R 65.8% · Other 1.4%
• 2008→2024 swing: -24.0pp toward R · 2008: -8.9pp · 2024: -32.9pp
• All cycles: 2024: R+32.9 2020: R+31.0 2016: R+29.6 2012: R+14.5 2008: R+8.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 21.39%
• Current HPI: 379.9
• 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

+399.7% since first listed

13 events — show timeline

• 2026-05-12 Price Changed $159,900 METROMLS
• 2026-05-11 Listed $159,900 METROMLS
• 2026-05-02 Price Changed $195,000 METROMLS
• 2026-05-02 Listed $190,000 METROMLS
• 2025-07-18 Listing Removed — METROMLS
• 2025-07-15 Price Changed $209,000 METROMLS
• 2025-06-23 Listed $235,000 METROMLS
• 2020-08-14 Sold (MLS) $32,500 METROMLS
• 2020-07-15 Contingent — METROMLS
• 2020-04-01 Listed $34,900 METROMLS
• 2017-12-15 Listing Removed — METROMLS
• 2017-11-16 Price Changed $28,000 METROMLS
• 2017-06-14 Listed $32,000 METROMLS

Property tax history

-1.6%/yr

Latest (2025): $430 · +0.1% YoY. Source: county tax records.