1907 14th St S
La Crosse, WI 54601
$160,000
2 bd · 1 ba · 950 sqft · Listed 1d ago
View on Realtor.com →Year built
1923
Sqft
950
Lot sqft
6,970
HOA / mo
None
Furnished
No
List date
2026-09-30T23:55:18.000000Z
Revenue
Annual revenue
$21,535
ADR
$95
Occupancy
62%
Cleaning fees (12 mo)
$2,620
Confidence
Low (47.28), 12 comps
Comp revenue range (p25 / median / p75)
Adorable 2BR in La Crosse - Pet Friendly
Apartment · 2 bd · 1 ba · sleeps 4 · 420 ft
Revenue $14,244ADR $170Occ ≈ 23%4.9★ (70)
Charming 2 bed near hospitals!
Apartment · 2 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $25,036ADR $93Occ ≈ 74%4.7★ (17)
Lovely La Crosse bungalow
House · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $27,998ADR $159Occ ≈ 48%4.8★ (23)
Comfortable, Hyde Away Home
House · 2 bd · 1 ba · sleeps 5 · 0.4 mi
Revenue $29,905ADR $114Occ ≈ 72%5★ (84)
Lovely bungalow!
House · 2 bd · 1 ba · sleeps 5 · 0.5 mi
Revenue $44,497ADR $126Occ ≈ 97%5★ (198)
Cute - Clean -Cozy
Serviced apartment · 2 bd · 1 ba · sleeps 2 · 0.5 mi
Revenue $14,775ADR $72Occ ≈ 56%4.8★ (341)
Clean 2BR Apt by Mayo, 50-ft Parking
Apartment · 2 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $40,136ADR $138Occ ≈ 80%5★ (213)
Marina getaway located on the back sloughs of the mighty Mississippi.
Apartment · 2 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $20,288ADR $163Occ ≈ 34%5★ (76)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Adorable 2BR in La Crosse - Pet Friendly Apartment | 2 bd · 1 ba · sleeps 4 | $14,244 | $170 | 23% | 4.9★ (70) | 420 ft | Airbnb |
Charming 2 bed near hospitals! Apartment | 2 bd · 1 ba · sleeps 4 | $25,036 | $93 | 74% | 4.7★ (17) | 0.3 mi | Airbnb |
Lovely La Crosse bungalow House | 2 bd · 2 ba · sleeps 4 | $27,998 | $159 | 48% | 4.8★ (23) | 0.3 mi | Airbnb |
Comfortable, Hyde Away Home House | 2 bd · 1 ba · sleeps 5 | $29,905 | $114 | 72% | 5★ (84) | 0.4 mi | Airbnb |
Lovely bungalow! House | 2 bd · 1 ba · sleeps 5 | $44,497 | $126 | 97% | 5★ (198) | 0.5 mi | Airbnb |
Cute - Clean -Cozy Serviced apartment | 2 bd · 1 ba · sleeps 2 | $14,775 | $72 | 56% | 4.8★ (341) | 0.5 mi | Airbnb |
Clean 2BR Apt by Mayo, 50-ft Parking Apartment | 2 bd · 1 ba · sleeps 4 | $40,136 | $138 | 80% | 5★ (213) | 0.6 mi | Airbnb |
Marina getaway located on the back sloughs of the mighty Mississippi. Apartment | 2 bd · 1 ba · sleeps 4 | $20,288 | $163 | 34% | 5★ (76) | 0.6 mi | Vrbo |
Beautiful Home Perfect Location House | 2 bd · 2 ba · sleeps 4 | $301 | $211 | 0% | — | 0.6 mi | AirbnbBooking |
Jake's Place House | 2 bd · 1 ba · sleeps 5 | $20,383 | $138 | 40% | 4.8★ (35) | 0.6 mi | AirbnbVrbo |
Show all 12 comps
Revenue and nightly rate (ADR) are trailing-12-month figures per listing. Occupancy is estimated as revenue ÷ ADR ÷ 365 and can read high when revenue includes cleaning fees.
Cash flow calculator
Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$21,535
NOI
$7,207
Cash flow /mo
-$262
Cash needed
$62,400
Cash-on-cash
-5.0%
ROE (yr 1)
4.3%
Cap rate
4.5%
DSCR
0.70
Year-1 write-off
$47,465
Year-1 tax shield @ 32%
$15,189
Year-1 return on equity
- Cash flow (annual)-$3,139
- Principal paydown$1,047
- Appreciation at%$4,800
Tax savings aren't counted. Turn on “Count tax savings in returns” above if you can use the losses.
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$4,307
- Platform fees (3% of revenue)$646
- Maintenance / capex (5% of revenue)$1,077
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,306
- Insurance (STR-rated)$792
Cash needed to close
- Down payment (25%)$40,000
- Closing costs (4.0%)$6,400
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$15,189
Property tax, insurance rate and the land/building split come from this listing's county tax record; other assumptions match the daily feed (see tasks/plan.md).
The write-off comes from the cost segregation estimate below. Not tax advice.
Cost segregation estimate
An estimate from the listing: every part of the home is priced from national construction costs, less wear for age, and the price (less land) is spread over the parts in proportion. The headline is what a typical cost seg study would claim for this property. The answers below are optional refinements.
Depreciable basis
$114,000
Short-life (5/15-yr)
$31,000 · 27%
Year-1 deduction
$47,000
Year-1 tax shield @ 32%
$15,000
Land 29% (county tax record, assessed value split) · building $83,000 over 39 years · new furniture $16,000
Based on: 950 sq ft, built 1923, 2 bd / 1 ba, unfurnished, listing features (flooring types, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $37,000 in year 1 (18% short-life, $12,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $4,700
Kitchen cabinetsdefault
$7,900 new × 40% good × 1.49 allocation
- $3,800
Kitchen countertopsdefault
$6,400 new × 40% good × 1.49 allocation
- $1,000
Decorative trimdefault
$1,700 new × 40% good × 1.49 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 1.49 allocation
- $500
Shelvingdefault
$900 new × 40% good × 1.49 allocation
- $1,500
Window coverings (10)default
$2,500 new × 40% good × 1.49 allocation
- $3,700
Kitchen & laundry equipment plumbingdefault
$6,100 new × 40% good × 1.49 allocation
- $2,200
Kitchen, laundry & data equipment electricaldefault
$3,700 new × 40% good × 1.49 allocation
- $3,000
Appliances (range, dishwasher, refrigerator)listing
$5,000 new × 40% good × 1.49 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $4,800
Paving: driveway & walks (paved)listing
$6,400 new × 50% good × 1.49 allocation
- $4,600
Landscaping (typical)default
$6,100 new × 50% good × 1.49 allocation
- $700
Patiosdefault
$900 new × 50% good × 1.49 allocation
- $700
Decks & porches (attached)default
$900 new × 50% good × 1.49 allocation
- $61,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$102,800 new × 40% good × 1.49 allocation
- $6,300
Building plumbing & fixturesdefault
$10,600 new × 40% good × 1.49 allocation
- $5,500
Building electrical & lightingdefault
$9,300 new × 40% good × 1.49 allocation
- $6,400
HVACdefault
$10,700 new × 40% good × 1.49 allocation
- $3,600
Hardwood & tile floorsdefault
$6,100 new × 40% good × 1.49 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $36,500 | $10,700 | $300 | $47,500 |
| 2 | $0 | $0 | $2,100 | $2,100 |
| 3 | $0 | $0 | $2,100 | $2,100 |
| 4 | $0 | $0 | $2,100 | $2,100 |
| 5 | $0 | $0 | $2,100 | $2,100 |
| 6+ | $0 | $0 | $74,300 | $74,300 |
| Total | $36,500 | $10,700 | $83,100 | $130,300 |
Model-based estimate, not an engineered cost segregation study. The IRS doesn’t approve studies; get a professional study before filing. Using these losses against W-2 income needs the short-term rental exception (average stay ≤7 days + material participation). The 39-year building life applies because stays average under 30 days, a separate test (27.5 years for a long-term rental). Federal only: California, Georgia and Wisconsin disallow bonus depreciation, Ohio adds back 5/6 of it, and Tennessee has no personal income tax. Not tax advice.
Market note
Rules differ by jurisdiction. The City of La Crosse requires a short-term rental license ($100 a year) once you rent more than 10 nights a year, plus a Wisconsin tourist rooming house license and inspection from the La Crosse County Health Department. We found no owner-occupancy rule or night cap in the city, but the license does NOT transfer to a new owner. Onalaska allows rentals with a city permit in some zoning districts, and unincorporated towns follow La Crosse County zoning, which has its own permit and day limits. Wisconsin law lets local governments restrict stays under 7 nights. Verify parcel eligibility with the city or county before you buy.