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MarketsWisconsinWhitewater

Cap Rate Analysis: Whitewater, WI

Investment metrics, interactive calculators, and data-driven analysis for Whitewater rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $395,000 median price and $1,340/mo median rent
Est. Cap Rate
1.17%
1% Rule
0.34%
Fails
GRM
24.6x
Price / Income
7.4x

Market Data

Median Home Price$395,000
Median Monthly Rent$1,340
Property Tax Rate1.88%
Population50,000
Population Growth0.5% / yr
Median Household Income$53,700
Vacancy Rate5.5%
Annual Appreciation2.4%

Cap Rate Calculator — Whitewater

Pre-filled with Whitewater medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
1.88% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
0.83%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$3,292
net operating income
Gross Rent Multiplier
24.6x
High (>15)
1% Rule
0.34%
✗ Fails
Monthly Cash Flow
$274
before debt service
Annual Breakdown
Gross Rental Income$16,080
Less Vacancy−$884
Effective Income$15,196
Less Operating Expenses−$11,904
Net Operating Income$3,292
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Cash-on-Cash Return — Whitewater

Factor in financing to see your actual return on invested capital in Whitewater.

$
$98,750
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-12.52%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$110,600
$98,750 down + $11,850 closing
Monthly Mortgage
$1,931
on $296K loan
Monthly Cash Flow
$-1,154
after all expenses
Annual Cash Flow
$-13,852
before taxes
Cash Flow Breakdown
Monthly Rent$1,340
Less Expenses−$563
Less Mortgage−$1,931
Monthly Cash Flow$-1,154

Is Whitewater a Good Place to Invest in Rental Property?

Whitewater, WI has a population of 50,000 and has been growing at 0.5% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $395,000 paired with median rents of $1,340/mo produces an estimated cap rate of 1.17%.

Property taxes at 1.88% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 5.5% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 7.4x, homes cost about 7.4 times the local median income of $53,700. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 2.4% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, Whitewater is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

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