1513 Indigo Dr · Oshkosh, WI 54902

$96,000

3 bd · 2.0 ba · 1,280 sqft · SingleFamily · 62 Days on market

Built 2003 Good condition $75/sqft · 60% below area

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Condition / age +3.8/5.0
• Rent growth +3.2/5.0
• Schools +2.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in Oshkosh's South Side, conveniently across from Wittman Airport and EAA in the Patrician Village neighborhood. This 3 bedroom home offers easy access to ALL amenities, shopping, dining, downtown and major highways. Well maintained, recent updates throughout including a new deck, metal roof, gutters and storage shed. Year of home - 2003 Make - Rolhm Size - 16x80 Identification Number - R75693 Lot rent: $375 per month through FLOOD homes New metal roof installed in 2025. New flooring and carpet in living areas and bedroom 2 & 3 New stand up shower in the primary bath. New fridge 2024, Newer appliances. New easy pull down blinds installed throughout the house. Has an attached large deck with sunshade. Landscape is clean and has been well taken care of. New large shed was installed in 2025.

Key facts

• Metal roof
• Gutters
• New carpet

Tags

• NEW DECK
• METAL ROOF
• GUTTERS
• STORAGE SHED
• NEW FLOORING
• NEW CARPET

🏷️ Possibly a rental listed for sale. The $96,000 price doesn't fit this home's estimated sale value (~$242,902) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $96k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $546 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $96k).
• Recommended offer: $90k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 3.7% in Oshkosh — 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 (#29 in WI, #574 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+.
• Oshkosh Area School District (urban): math 33% / reading 34% proficiency, ranked #246 of 342 in WI (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Shapiro Stem Academy (math 42% / reading 27%, grade F, #610 of 1,041 statewide, top 63%, 202 students, 48% FRL); South Park Middle (math 21% / reading 26%, grade F, #327 of 383 statewide, top 86%, 327 students, 46% FRL); West High (math 41% / reading 52%, grade D-, #55 of 483 statewide, top 11%, 1,627 students, 29% FRL).
• Market conditions: Rents rising (+2.6%/yr); 44 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 652 units permitted in Winnebago County in 2024 (333 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $664 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Winnebago County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 2.6% rent growth), your $27k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($90k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $90,240 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.59% ✓
• Cap rate: 13.12%
• Cash-on-cash: 24.38%
• DSCR: 2.08
• GRM: 5.2

CMA / ARV

• ARV (median comp): $242,902
• List price: $96,000
• Delta: -60.48%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
865 W 18th Ave	0.44mi	3/1.0	1,253 (-2%)	7mo	$220,000	$176	66
702 W 20th Ave	0.67mi	3/2.0	1,312 (+2%)	4mo	$215,000	$164	61
1747 Georgia St	0.56mi	3/1.0	1,204 (-6%)	3mo	$192,000	$159	57
1515 Rugby St	0.59mi	3/1.0	1,260 (-2%)	11mo	$241,000	$191	57
827 W 17th Ave	0.55mi	3/1.0	1,328 (+4%)	10mo	$140,000	$105	55
880 W 18th Ave	0.42mi	3/1.0	1,203 (-6%)	16mo	$245,000	$204	54
835 Harmel Ave	0.48mi	3/1.5	1,438 (+12%)	5mo	$240,000	$167	51
1941 Fabry St	0.35mi	3/2.0	1,472 (+15%)	16mo	$210,000	$143	46
1410 Berger St	0.66mi	3/1.0	1,140 (-11%)	7mo	$230,000	$202	41
1545 Sanders St	0.61mi	4/1.0 (+1)	1,208 (-6%)	19mo	$229,900	$190	37
870 Concordia Ave	0.72mi	3/1.0	1,378 (+8%)	21mo	$230,000	$167	32

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 · 2.6% rent growth · sell at horizon

5-year hold

• IRR: 17.3%
• Equity multiple: 1.69×
• Total profit: $18,638
• Equity at exit: $14,314

10-year hold

• IRR: 25.5%
• Equity multiple: 3.18×
• Total profit: $58,616
• Equity at exit: $8,300

Cash invested: $26,880 (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 54902

• Rents YoY: 2.6%
• Active inventory: 44
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,531 high
• Mortgage (P&I): −$503
• Tax est. 1.5%: −$120 /mo · $1,440/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $546

Break-even live

Break-even rent $840

Max offer price $96,000

Occupancy floor 59%

Sensitivity live

Price	-10% $612	-5% $579	+0% $546	+5% $513	+10% $480
Rent	-10% $425	-5% $486	+0% $546	+5% $607	+10% $667
Rate	-1.0pp $594	-0.5pp $571	base $546	+0.5pp $521	+1.0pp $496

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: $24,000
• Closing costs: $2,880
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1255 W 18th Ave Oshkosh, WI	1.0–2.0	1.0–2.0	771	$925	$1.20	15d	1	0.07mi
1270 W 20th Ave Unit 1228 Oshkosh, WI	2.0	1.5	950	$1,649	$1.74	23d	1	0.15mi
1270 W 20th Ave Unit 1264 Oshkosh, WI	2.0	1.5	950	$1,599	$1.68	45d	1	0.15mi
1305 W South Park Ave Unit 1315H Oshkosh, WI	3.0	1.5	1500	$1,799	$1.20	45d	1	0.15mi
904 W 8th Ave Oshkosh, WI	3.0	1.0	1759	$1,600	$0.91	15d	1	1.02mi
953 W 6th Ave Unit NA Oshkosh, WI	4.0	2.0	1800	$1,748	$0.97	23d	1	1.05mi
416 W 17th Ave Unit 416 Oshkosh, WI	3.0	1.5	1100	$1,450	$1.32	45d	1	1.06mi
1745 Oregon St Oshkosh, WI	1.0–3.0	1.0–2.0	1079	$1,491	$1.38	15d	6	1.28mi
532 W 5th Ave Oshkosh, WI	2.0	1.0	1120	$2,495	$2.23	45d	1	1.38mi
1510 Witzel Ave Oshkosh, WI	3.0	2.0	950	$1,399	$1.47	15d	1	1.44mi
405 Michigan St Unit 1061622P Oshkosh, WI	2.0	1.0	1097	$2,526	$2.30	23d	1	1.44mi

Listing history 2 events

1. 2026-05-06
   status Pending 818-char remark

   Show marketing remark (818 chars)

   Located in Oshkosh's South Side, conveniently across from Wittman Airport and EAA in the Patrician Village neighborhood. This 3 bedroom home offers easy access to ALL amenities, shopping, dining, downtown and major highways. Well maintained, recent updates throughout including a new deck, metal roof, gutters and storage shed. Year of home - 2003 Make - Rolhm Size - 16x80 Identification Number - R75693 Lot rent: $375 per month through FLOOD homes New metal roof installed in 2025. New flooring and carpet in living areas and bedroom 2 & 3 New stand up shower in the primary bath. New fridge 2024, Newer appliances. New easy pull down blinds installed throughout the house. Has an attached large deck with sunshade. Landscape is clean and has been well taken care of. New large shed was installed in 2025.

2. 2026-03-04
   listed $96,000 Active 818-char remark

   Show marketing remark (818 chars)

   Located in Oshkosh's South Side, conveniently across from Wittman Airport and EAA in the Patrician Village neighborhood. This 3 bedroom home offers easy access to ALL amenities, shopping, dining, downtown and major highways. Well maintained, recent updates throughout including a new deck, metal roof, gutters and storage shed. Year of home - 2003 Make - Rolhm Size - 16x80 Identification Number - R75693 Lot rent: $375 per month through FLOOD homes New metal roof installed in 2025. New flooring and carpet in living areas and bedroom 2 & 3 New stand up shower in the primary bath. New fridge 2024, Newer appliances. New easy pull down blinds installed throughout the house. Has an attached large deck with sunshade. Landscape is clean and has been well taken care of. New large shed was installed in 2025.

ⓘ 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 5/10 Major FEMA zone X (unshaded) · 66% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,373
• − Mortgage interest: −$5,377
• − Property taxes: −$1,440
• − Insurance: −$480
• − Repairs & maintenance: −$1,470
• − Management: −$1,470
• − Depreciation: −$2,793
• Taxable income: $5,343
• Est. tax owed @ 24.0%: −$1,282
• After-tax cash flow: $5,271/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This well-maintained mobile home in Oshkosh's South Side offers a good condition with recent updates and is ready for a new owner.

Value-add opportunities

• Both Paint exterior trim — Enhances curb appeal and value
• Both Clean gutters — Improves drainage and overall appearance

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior trim — Enhances curb appeal and value ↑
• Both Clean gutters — Improves drainage and overall appearance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Oshkosh Area School District
• NCES district ID: 5511190
• Math proficiency: 33% ▼ -7.00%
• Reading proficiency: 34% ▼ -2.00%
• Median HH income: $48,048
• Composite: 28.92/100
• National rank: #6634
• State rank: #246 of 342 in WI

Livability — Oshkosh

• Score: 85/100
• State rank: #29
• US rank: #574

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oshkosh, WI
• County: Winnebago County · 155,689 people
• City population: 81,810
• Metro: Oshkosh-Neenah, WI
• Population (ZIP): 22,243
• Household income: $65,612
• Rent vs Own: 38.0% rent · 62.0% own
• Severe rent burden: 873.0

Population outlook (Winnebago County) Hauer SSP2

• Today (2025): 175,480 people
• By 2030: 177,928 · +1.4%
• By 2040: 180,873 · +3.1%
• By 2050: 181,302 · +3.3%
• By 2075: 184,071 · +4.9%
• By 2100: 175,932 · +0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 7% Asian 4% Hispanic / Latino 3% Black 3%
• Common ancestry: Romanian 6% Portuguese 4% Lithuanian 3%
• Foreign-born: 2% · Canada, China
• Languages at home: 95% English-only · Other Asian/Pacific 2% Spanish 2%

Political lean MEDSL · Winnebago

• 2024 margin: Toss-up / Even · D 46.9% · R 51.7% · Other 1.4%
• 2008→2024 swing: -16.4pp toward R · 2008: 11.7pp · 2024: -4.8pp
• All cycles: 2024: R+4.8 2020: R+4.0 2016: R+7.4 2012: D+3.8 2008: D+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -122.03%
• Current HPI: 187.4917
• Rent YoY: ▲ 2.60%
• Metro: Oshkosh-Neenah, 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

2 events — show timeline

• 2026-05-06 Pending — SCWMLS
• 2026-03-04 Listed $96,000 SCWMLS