S75W16775 Jacob Ct · Muskego, WI 53150

$229,900

2 bd · 1.0 ba · 1,027 sqft · Condo · 33 Days on market

Built 1991 $200/mo HOA · 8% of rent

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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).

• Cash flow +16.2/30.0
• ARV discount +7.5/15.0
• Schools +6.0/10.0
• 1% rule +5.5/10.0
• DSCR +5.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully decorated unit in Parkridge Condominiums. Great location, walk to the library or shopping. Your family can play in the city park that is right behind the building. Ceramic tile floors in foyer, kitchen, and bath, in unit laundry, and a 1.5 car garage are just a few of the great things this condo has to offer.

Key facts

• Quiet cul-de-sac
• Private balcony
• In-unit laundry

Tags

• PRIVATE ENTRANCE
• PRIVATE BALCONY
• IN-UNIT LAUNDRY
• KITCHEN APPLIANCES INCLUDED
• QUIET CUL-DE-SAC
• EASY ACCESS TO LOCAL SCHOOLS

Property features AI

Finance

• Other: Building contains 6 units; association has 48 units; Zoned PD-16
• Financial info: Pets permitted
• HOA & community: Monthly condo fee of $200; Association includes common green space; Parkridge Condo Association

Exterior

• Parking: Assigned parking space (1); Detached 1-car garage with opener
• Utilities: Municipal water; Municipal sewer; Electric service
• Home design: Condo; 2-story unit
• Construction: Brick/stone construction
• Exterior features: Balcony; Private entry; Brick and brick/stone exterior with aluminum trim

Interior

• Kitchen: Dishwasher; Garbage disposal; Oven/Range; Refrigerator; Pantry
• Bedrooms: Master bedroom on main level, approximately 13 x 13; Second bedroom on main level, approximately 13 x 13
• Bathrooms: One full bathroom with tub and shower-over-tub
• Heating & cooling: Radiant / hot water heating (electric fuel); Wall/sleeve air conditioning
• Interior features: Cable/Satellite available; Pantry; No basement (slab foundation)
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $230k.

Deal economics

• At list price, monthly cash flow is $121 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $230k).
• Recommended offer: $223k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.9% vs local median 1.6% in Muskego — 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 72/100 on livability (#228 in WI) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Muskego-Norway School District (suburban): math 73% / reading 61% proficiency, ranked #5 of 342 in WI (top 2%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 10% free/reduced lunch — higher-income household profile.
• Zoned schools: Muskego High (math 50% / reading 57%, grade C-, #28 of 483 statewide, top 6%, 1,686 students, 4% FRL).
• Zoned-school proficiency averages 54% at this address vs 67% district-wide (-14 pts) — the specific schools serving this property underperform the Muskego-Norway School District average; the district grade overstates school quality for this exact location.
• Market conditions: 52 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 1,885 units permitted in Waukesha County in 2024 (696 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y 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.
• Current owner paid $113k; list at $230k implies a 103% gain — meaningful room to come down on a strong offer.

Recommended offer $223,003 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.05% ✓
• Cap rate: 6.92%
• Cash-on-cash: 2.25%
• DSCR: 1.10
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -12.6%
• Equity multiple: 0.54×
• Total profit: $-29,399
• Equity at exit: $34,279

10-year hold

• IRR: -3.5%
• Equity multiple: 0.77×
• Total profit: $-15,044
• Equity at exit: $19,878

Cash invested: $64,372 (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 53150

• Active inventory: 52
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,417 medium
• Mortgage (P&I): −$1,206
• Tax est. 1.5%: −$287 /mo · $3,448/yr
• Insurance: −$96
• HOA: −$200
• Vacancy / Maint / Mgmt: −$508
• Net cashflow: $121

Break-even live

Break-even rent $2,264

Max offer price $229,900

Occupancy floor 90%

Sensitivity live

Price	-10% $280	-5% $200	+0% $121	+5% $41	+10% $-38
Rent	-10% $-70	-5% $25	+0% $121	+5% $216	+10% $312
Rate	-1.0pp $237	-0.5pp $179	base $121	+0.5pp $61	+1.0pp $1

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
W171S7452 Lannon Dr Muskego, WI	1.0–2.0	1.5–2.5	1340	$2,500	$1.87	3d	5	0.28mi
W171S7390 Lannon Dr Muskego, WI	2.0	2.5	1440	$2,430	$1.69	3d	2	0.30mi
w171s7404 Lannon Dr Muskego, WI	1.0–2.0	1.5–2.5	1277	$2,230	$1.75	45d	2	0.30mi
S72W16300 Janesville Rd Muskego, WI	1.0–2.0	1.0–2.0	1097	$2,550	$2.32	3d	1	0.52mi

HOA detail condo

• Monthly dues: $200 · $2,400/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 20 events

1. 2026-06-21
   remarks 487-char remark
2. 2026-06-21
   days on market $229,900 Active 33 DOM
3. 2026-06-18
   days on market $229,900 Active 30 DOM
4. 2026-06-17
   days on market $229,900 Active 29 DOM
5. 2026-06-16
   days on market $229,900 Active 28 DOM
6. 2026-06-15
   days on market $229,900 Active 27 DOM
7. 2026-06-13
   days on market $229,900 Active 25 DOM
8. 2026-06-13
   days on market $229,900 Active 24 DOM
9. 2026-06-09
   days on market $229,900 Active 21 DOM
10. 2026-06-08
    days on market $229,900 Active 20 DOM
11. 2026-06-07
    days on market $229,900 Active 19 DOM
12. 2026-06-05
    days on market $229,900 Active 16 DOM
13. 2026-06-03
    days on market $229,900 Active 15 DOM
14. 2026-06-02
    days on market $229,900 Active 14 DOM
15. 2026-06-01
    days on market $229,900 Active 13 DOM
16. 2026-05-31
    days on market $229,900 Active 12 DOM
17. 2026-05-19
    listed $229,900 Active
18. 2013-07-09
    listed $114,000 322-char remark

    Show marketing remark (322 chars)

    Beautifully decorated unit in Parkridge Condominiums. Great location, walk to the library or shopping. Your family can play in the city park that is right behind the building. Ceramic tile floors in foyer, kitchen, and bath, in unit laundry, and a 1.5 car garage are just a few of the great things this condo has to offer.

19. 2013-07-09
    historical 322-char remark

    Show marketing remark (322 chars)

    Beautifully decorated unit in Parkridge Condominiums. Great location, walk to the library or shopping. Your family can play in the city park that is right behind the building. Ceramic tile floors in foyer, kitchen, and bath, in unit laundry, and a 1.5 car garage are just a few of the great things this condo has to offer.

20. 2009-07-30
    soldstatus $113,000 322-char remark

    Show marketing remark (322 chars)

    Beautifully decorated unit in Parkridge Condominiums. Great location, walk to the library or shopping. Your family can play in the city park that is right behind the building. Ceramic tile floors in foyer, kitchen, and bath, in unit laundry, and a 1.5 car garage are just a few of the great things this condo has to offer.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥100°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: $29,007
• − Mortgage interest: −$12,878
• − Property taxes: −$3,448
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,321
• − Management: −$2,321
• − HOA: −$2,400
• − Depreciation: −$6,688
• Taxable loss: −$2,198
• Est. tax savings @ 24.0%: +$528
• After-tax cash flow: $1,977/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: Muskego-Norway School District
• NCES district ID: 5510170
• Math proficiency: 73% ▲ 4.00%
• Reading proficiency: 61% ▲ 1.00%
• Median HH income: $83,673
• Composite: 60.16/100
• National rank: #866
• State rank: #5 of 342 in WI

Livability — Muskego

• Score: 72/100
• State rank: #228
• US rank: #6048

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Muskego, WI
• City population: 26,142
• Population (ZIP): 26,142

Population outlook (Waukesha County) Hauer SSP2

• Today (2025): 412,798 people
• By 2030: 418,092 · +1.3%
• By 2040: 420,872 · +2.0%
• By 2050: 413,862 · +0.3%
• By 2075: 402,782 · -2.4%
• By 2100: 365,796 · -11.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 16% Portuguese 4% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 1% Russian/Polish/Slavic 1% German/W. Germanic 1%

Political lean MEDSL · Waukesha

• 2024 margin: R (+19.8) · D 39.5% · R 59.2% · Other 1.3%
• 2008→2024 swing: +5.9pp toward D · 2008: -25.7pp · 2024: -19.8pp
• All cycles: 2024: R+19.8 2020: R+20.8 2016: R+27.1 2012: R+34.8 2008: R+25.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -138.25%
• Current HPI: 248.5711
• 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

+103.5% since first listed

4 events — show timeline

• 2026-05-19 Listed $229,900 METROMLS
• 2013-07-09 Listing Removed — METROMLS
• 2013-07-09 Listed $114,000 METROMLS
• 2009-07-30 Sold (MLS) $113,000 METROMLS