3020 26th St S

La Crosse, WI 54601

$325,000

2 bd · 2.5 ba · 1,900 sqft · Listed 1d ago

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Low confidence

Year built

1958

Sqft

1,900

Lot sqft

11,326

HOA / mo

None

Furnished

List date

2026-10-02T19:25:17.000000Z

Revenue

Annual revenue

$32,921

ADR

$118

Occupancy

76%

Cleaning fees (12 mo)

$3,397

Confidence

Low (—), 4 comps

Comp revenue range (p25 / median / p75)

$27,844$31,472$35,871

Median revenue of shown comps: $31,472

Lovely La Crosse bungalow
House · 2 bd · 2 ba · sleeps 4 · 1.6 mi
Revenue $27,998ADR $159Occ ≈ 48%4.8★ (23)
Airbnb
Pipe & Flynn's
House · 2 bd · 2 ba · sleeps 4 · 1.7 mi
Revenue $38,650ADR $174Occ ≈ 61%5★ (72)
Airbnb Vrbo
Marigold
House · 2 bd · 2 ba · sleeps 4 · 1.8 mi
Revenue $27,380ADR $176Occ ≈ 43%5★ (32)
Airbnb
Wilson Schoolhouse Inn
House · 2 bd · 2 ba · sleeps 8 · 2.0 mi
Revenue $34,945ADR $180Occ ≈ 53%5★ (195)
Airbnb Vrbo

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Lovely La Crosse bungalow House	2 bd · 2 ba · sleeps 4	$27,998	$159	48%	4.8★ (23)	1.6 mi	Airbnb
Pipe & Flynn's House	2 bd · 2 ba · sleeps 4	$38,650	$174	61%	5★ (72)	1.7 mi	Airbnb Vrbo
Marigold House	2 bd · 2 ba · sleeps 4	$27,380	$176	43%	5★ (32)	1.8 mi	Airbnb
Wilson Schoolhouse Inn House	2 bd · 2 ba · sleeps 8	$34,945	$180	53%	5★ (195)	2.0 mi	Airbnb Vrbo

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

Financing

Management

Purchase priceAlready furnishedTax bracketCount tax savings in returnsOnly if you can use the losses (STR loophole)

Est. revenue

$32,921

NOI

$12,783

Cash flow /mo

$1,065

Cash needed

$354,000

Cash-on-cash (all cash)

3.6%

ROE (yr 1)

6.4%

Cap rate

3.9%

DSCR

—

Year-1 write-off

$78,597

Year-1 tax shield @ 32%

$25,151

Year-1 return on equity

Cash flow (annual)$12,783
Principal paydown (n/a, cash)$0
Appreciation at%$9,750

ROE6.4%

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)$6,584
Platform fees (3% of revenue)$988
Maintenance / capex (5% of revenue)$1,646
Utilities & supplies$4,200
HOA$0
Property tax$5,111
Insurance (STR-rated)$1,609

Cash needed to close

Purchase price (all cash)$325,000
Closing costs (4.0%)$13,000
Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

Tax shield @ 32%$25,151

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

$278,000

Short-life (5/15-yr)

$62,000 · 22%

Year-1 deduction

$79,000

Year-1 tax shield @ 32%

$25,000

Land 15% (county tax record, assessed value split) · building $215,000 over 39 years · new furniture $16,000

Based on: 1,900 sq ft, built 1958, 2 bd / 2.5 ba, unfurnished, listing features (patio, fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $60,000 in year 1 (16% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$51,800

Kitchen cabinetsdefault
$10,000 new × 40% good × 1.88 allocation
$7,500
Kitchen countertopsdefault
$8,200 new × 40% good × 1.88 allocation
$6,100
Decorative trimdefault
$3,300 new × 40% good × 1.88 allocation
$2,500
Mirrorsdefault
$300 new × 40% good × 1.88 allocation
$200
Shelvingdefault
$900 new × 40% good × 1.88 allocation
$700
Window coverings (19)default
$4,800 new × 40% good × 1.88 allocation
$3,600
Kitchen & laundry equipment plumbingdefault
$7,800 new × 40% good × 1.88 allocation
$5,800
Kitchen, laundry & data equipment electricaldefault
$4,700 new × 40% good × 1.88 allocation
$3,500
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 1.88 allocation
$5,800
Furniture bought newlisting
$16,000 new × 100% good · bought separately
$16,000

15-year land improvements$26,500

Paving: driveway & walks (paved)listing
$9,000 new × 50% good × 1.88 allocation
$8,500
Landscaping (typical)default
$8,700 new × 50% good × 1.88 allocation
$8,200
Patioslisting
$8,600 new × 50% good × 1.88 allocation
$8,100
Decks & porches (attached)default
$1,900 new × 50% good × 1.88 allocation
$1,800

Building, 39-year$215,200

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$206,400 new × 40% good × 1.88 allocation
$155,600
Building plumbing & fixturesdefault
$21,400 new × 40% good × 1.88 allocation
$16,100
Building electrical & lightingdefault
$21,400 new × 40% good × 1.88 allocation
$16,100
HVACdefault
$21,400 new × 40% good × 1.88 allocation
$16,100
Hardwood & tile floorsdefault
$12,200 new × 40% good × 1.88 allocation
$9,200
Fireplacelisting
$2,600 new × 40% good × 1.88 allocation
$2,000

About the property

Sold furnishedGame roomHot tubPoolDeckDrivewayLandscapingFencedIrrigationLong-term rental (27.5-yr)Carpet / vinyl / laminate %Placed in serviceClosing costs $ (adds to basis)Land %Bonus depreciation %

Depreciation schedule: typical cost seg study

Year	5-yr	15-yr	Building	Total
1	$51,800	$26,500	$200	$78,600
2	$0	$0	$5,500	$5,500
3	$0	$0	$5,500	$5,500
4	$0	$0	$5,500	$5,500
5	$0	$0	$5,500	$5,500
6+	$0	$0	$192,900	$192,900
Total	$51,800	$26,500	$215,200	$293,500

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.