2422 Krause Rd
Onalaska, WI 54650
$425,000
3 bd · 3 ba · 1,700 sqft · Listed 22d ago
View on Realtor.com →Year built
2004
Sqft
1,700
Lot sqft
12,197
HOA / mo
None
Furnished
No
List date
2026-09-09T16:43:26.000000Z
Revenue
Annual revenue
$38,910
ADR
$171
Occupancy
62%
Cleaning fees (12 mo)
$6,205
Confidence
Low (47.96), 5 comps
Comp revenue range (p25 / median / p75)
Charming and comfy: 3BR home on quiet street
House · 3 bd · 2 ba · sleeps 8 · 1.1 mi
Revenue $23,346ADR $184Occ ≈ 35%5★ (41)
Home Sweet Home
House · 3 bd · 2 ba · sleeps 5 · 1.5 mi
Revenue $12,041ADR $165Occ ≈ 20%4.5★ (19)
NEW! The La Crosse Lodge
Cabin · 3 bd · 2.5 ba · sleeps 6 · 2.0 mi
Revenue $57,195ADR $502Occ ≈ 31%5★ (17)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Charming and comfy: 3BR home on quiet street House | 3 bd · 2 ba · sleeps 8 | $23,346 | $184 | 35% | 5★ (41) | 1.1 mi | Airbnb |
Home Sweet Home House | 3 bd · 2 ba · sleeps 5 | $12,041 | $165 | 20% | 4.5★ (19) | 1.5 mi | Airbnb |
3 bedroom, 2 bath Townhouse with private driveway. Townhouse | 3 bd · 2 ba · sleeps 6 | $44,538 | $198 | 62% | 5★ (96) | 1.6 mi | AirbnbVrbo |
Aspen Valley Retreat • Spacious Family Home House | 3 bd · 3 ba · sleeps 7 | $32,527 | $273 | 33% | 4.3★ (19) | 1.6 mi | AirbnbVrbo |
NEW! The La Crosse Lodge Cabin | 3 bd · 2.5 ba · sleeps 6 | $57,195 | $502 | 31% | 5★ (17) | 2.0 mi | Airbnb |
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
$38,910
NOI
$16,411
Cash flow /mo
-$923
Cash needed
$148,750
Cash-on-cash
-7.4%
ROE (yr 1)
3.0%
Cap rate
3.9%
DSCR
0.60
Year-1 write-off
$89,224
Year-1 tax shield @ 32%
$28,552
Year-1 return on equity
- Cash flow (annual)-$11,071
- Principal paydown$2,781
- Appreciation at%$12,750
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)$7,782
- Platform fees (3% of revenue)$1,167
- Maintenance / capex (5% of revenue)$1,946
- Utilities & supplies$4,200
- HOA$0
- Property tax$5,300
- Insurance (STR-rated)$2,104
Cash needed to close
- Down payment (25%)$106,250
- Closing costs (4.0%)$17,000
- Furnishing (bought new)$25,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$28,552
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
$363,000
Short-life (5/15-yr)
$63,000 · 17%
Year-1 deduction
$89,000
Year-1 tax shield @ 32%
$29,000
Land 15% (county tax record, assessed value split) · building $300,000 over 39 years · new furniture $26,000
Based on: 1,700 sq ft, built 2004, 3 bd / 3 ba, unfurnished, listing features (game room, fireplace, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $70,000 in year 1 (12% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,700
Kitchen cabinetsdefault
$9,500 new × 40% good × 2.01 allocation
- $6,300
Kitchen countertopsdefault
$7,800 new × 40% good × 2.01 allocation
- $2,400
Decorative trimdefault
$3,000 new × 40% good × 2.01 allocation
- $400
Mirrorsdefault
$500 new × 40% good × 2.01 allocation
- $1,000
Shelvingdefault
$1,200 new × 40% good × 2.01 allocation
- $3,400
Window coverings (17)default
$4,300 new × 40% good × 2.01 allocation
- $3,500
Carpet, vinyl & laminate (40% of floors)default
$4,400 new × 40% good × 2.01 allocation
- $8,300
Kitchen & laundry equipment plumbingdefault
$7,400 new × 56% good × 2.01 allocation
- $5,000
Kitchen, laundry & data equipment electricaldefault
$4,500 new × 56% good × 2.01 allocation
- $4,600
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 40% good × 2.01 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $8,600
Paving: driveway & walks (paved)listing
$8,500 new × 50% good × 2.01 allocation
- $8,300
Landscaping (typical)default
$8,200 new × 50% good × 2.01 allocation
- $1,700
Patiosdefault
$1,700 new × 50% good × 2.01 allocation
- $1,700
Decks & porches (attached)default
$1,700 new × 50% good × 2.01 allocation
- $234,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$184,100 new × 63% good × 2.01 allocation
- $21,500
Building plumbing & fixturesdefault
$19,100 new × 56% good × 2.01 allocation
- $21,200
Building electrical & lightingdefault
$18,800 new × 56% good × 2.01 allocation
- $15,400
HVACdefault
$19,200 new × 40% good × 2.01 allocation
- $5,300
Hardwood & tile floorsdefault
$6,600 new × 40% good × 2.01 allocation
- $2,100
Fireplacelisting
$2,600 new × 40% good × 2.01 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $68,000 | $20,200 | $1,000 | $89,200 |
| 2 | $0 | $0 | $7,700 | $7,700 |
| 3 | $0 | $0 | $7,700 | $7,700 |
| 4 | $0 | $0 | $7,700 | $7,700 |
| 5 | $0 | $0 | $7,700 | $7,700 |
| 6+ | $0 | $0 | $268,100 | $268,100 |
| Total | $68,000 | $20,200 | $299,800 | $388,000 |
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.