Ranch-Style Residential Income
For Sale
$415,000
Pending
100 Jennifer Circle, Mount Horeb, WI 53572
Three-bedroom condo with finished lower-level living space, private entry, deck, and multiple heating systems.
Property Size2,200 SF
Days on Market258
Property Features for 100 Jennifer Circle
General Information
Standard status
Pending
Size
2,200 SF
Property subtype
Condo / Ranch-1 Story
Zoning
RES
Taxes and HOA fees
Annual Taxes
$5,484
Amenities
Refrigerator, range/oven, dishwasher, microwave
Forced air, Central air, In Floor Radiant Heat
Wood or sim. wood floors, Walk-in closet(s), Great room, Vaulted ceiling, Water softener included, Cable/Satellite Available, At Least 1 tub, Internet - DSL
Vinyl, Brick
Gas, 1 fireplace
Private Entry, Deck/Balcony
Building Details
Year Built
2003
Listing Agency:
Realty Executives Cooper Spransy
(608) 575-1298
Listed By:
Karen Tetzlaff · License #50814-90
(608) 575-1298
Source:
Compass
Added: Dec 15, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives Cooper Spransy
Investment Insights
Based on property information with market context.
This ranch-style condominium offers three bedrooms and three baths within a 2,200-square-foot layout. The interior combines hardwood or simulated wood flooring, custom cabinetry, solid wood doors, vaulted ceilings, and a great room. A finished lower level adds flexible living space, while a walk-in closet and additional storage support everyday functionality. The home includes forced-air heating, central air, in-floor radiant heat in the lower level, and a fireplace. Two new water heaters and a water softener are also included.
Outdoor features include a private entry and deck or balcony. The property is located at 100 Jennifer Circle in Mount Horeb, near the Military Ridge Bike Trail. Built in 2003, the residence is identified with RES zoning and includes a refrigerator, range/oven, dishwasher, and microwave.
Outdoor features include a private entry and deck or balcony. The property is located at 100 Jennifer Circle in Mount Horeb, near the Military Ridge Bike Trail. Built in 2003, the residence is identified with RES zoning and includes a refrigerator, range/oven, dishwasher, and microwave.
Key Highlights
- Three‑bedroom, three‑bath ranch condo with 2,200 property size
- Finished lower level with in‑floor radiant heat
- Hardwood or simulated wood floors, custom cabinetry, and solid wood doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,749
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$354,980
$355.0K
Cap Rate 7%
$253,557
$253.6K
Cap Rate 9%
$197,211
$197.2K
Market Conditions
NOI Build-Up for 2,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.8K $15.36/SF
− Vacancy
−$1.5K −$0.69/SF
EGI
$32.3K $14.67/SF
− OpEx
−$14.5K −$6.60/SF
NOI
$17.7K $8.07/SF
Area
Dane County, WI
Vacancy
4.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$354,980
Cap Rate 7%
$253,557
Cap Rate 9%
$197,211
Alternative Uses
Best Use
Apartment 5plus
$253.6K
$221.9K – $295.8K
NOI $17,749 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.2K
$447.3K – $596.4K
NOI $35,786 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
Business Placement
Demographics for 53572, WI
10,549
Population
4,032
Households
2.6
Avg Household Size
41
Median Age
47%
College-Educated
97%
High-School Grad
99.1 sq mi
ZIP Area
106
Density / Sq Mi
$104,604
Median Household Income
$55,945
Median Earnings
$1,243
Median Rent
$381,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condo with finished lower-level living space, private entry, deck, and multiple heating systems.
Where is this residential income property located?
The property is located at 100 Jennifer Circle Mount Horeb, WI.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Three‑bedroom, three‑bath ranch condo with 2,200 property size; Finished lower level with in‑floor radiant heat; Hardwood or simulated wood floors, custom cabinetry, and solid wood doors
