3021 29th Ct S
La Crosse, WI 54601
$235,500
3 bd · 1 ba · 1,073 sqft · Listed 13d ago
View on Realtor.com →Year built
1962
Sqft
1,073
Lot sqft
10,019
HOA / mo
None
Furnished
No
List date
2026-09-18T19:41:49.000000Z
Revenue
Annual revenue
$45,093
ADR
$209
Occupancy
59%
Cleaning fees (12 mo)
$6,334
Confidence
Low (46.62), 10 comps
Comp revenue range (p25 / median / p75)
The Bluffside Bungalow on the South Side La Crosse
House · 3 bd · 1 ba · sleeps 6 · 0.4 mi
Revenue $15,088ADR $180Occ ≈ 23%4.7★ (12)
Cozy Cottage on the Corner
House · 3 bd · 2 ba · sleeps 7 · 1.0 mi
Revenue $63,808ADR $227Occ ≈ 77%5★ (16)
River City Basecamp
Guest suite · 3 bd · 1 ba · sleeps 7 · 1.2 mi
Revenue $6,401ADR $148Occ ≈ 12%5★ (11)
Charming Southside Home
House · 3 bd · 2 ba · sleeps 8 · 1.8 mi
Revenue $63,740ADR $285Occ ≈ 61%5★ (43)
Cozy 3BR Apartment near Mayo
Apartment · 3 bd · 1 ba · sleeps 6 · 2.0 mi
Revenue $46,033ADR $170Occ ≈ 74%5★ (217)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
The Bluffside Bungalow on the South Side La Crosse House | 3 bd · 1 ba · sleeps 6 | $15,088 | $180 | 23% | 4.7★ (12) | 0.4 mi | Airbnb |
Cozy Cottage on the Corner House | 3 bd · 2 ba · sleeps 7 | $63,808 | $227 | 77% | 5★ (16) | 1.0 mi | Airbnb |
Cheerful home with driveway and backyard! House | 3 bd · 1.5 ba · sleeps 6 | $37,038 | $226 | 45% | 4.9★ (120) | 1.0 mi | AirbnbVrbo |
'RiverSong' Waterfront La Crosse Home w/ Dock House | 3 bd · 2 ba · sleeps 6 | $67,418 | $258 | 72% | 5★ (200) | 1.1 mi | AirbnbVrboBooking |
River City Basecamp Guest suite | 3 bd · 1 ba · sleeps 7 | $6,401 | $148 | 12% | 5★ (11) | 1.2 mi | Airbnb |
The River House • Private Dock House | 3 bd · 1.5 ba · sleeps 8 | $17,566 | $325 | 15% | 5★ (4) | 1.4 mi | AirbnbVrbo |
NEST - Cozy, Stylish, & Relaxing & Newly updated! House | 3 bd · 1.5 ba · sleeps 6 | $41,930 | $224 | 51% | 5★ (56) | 1.4 mi | AirbnbVrbo |
Charming Southside Home House | 3 bd · 2 ba · sleeps 8 | $63,740 | $285 | 61% | 5★ (43) | 1.8 mi | Airbnb |
Downtown Boho Home w/Office, Yoga Studio,King Bed House | 3 bd · 2 ba · sleeps 8 | $47,138 | $262 | 49% | 4.8★ (27) | 1.8 mi | AirbnbVrboBooking |
Cozy 3BR Apartment near Mayo Apartment | 3 bd · 1 ba · sleeps 6 | $46,033 | $170 | 74% | 5★ (217) | 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
$45,093
NOI
$24,245
Cash flow /mo
$751
Cash needed
$87,795
Cash-on-cash
10.3%
ROE (yr 1)
20.1%
Cap rate
10.3%
DSCR
1.59
Year-1 write-off
$69,732
Year-1 tax shield @ 32%
$22,314
Year-1 return on equity
- Cash flow (annual)$9,017
- Principal paydown$1,541
- Appreciation at%$7,065
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)$9,019
- Platform fees (3% of revenue)$1,353
- Maintenance / capex (5% of revenue)$2,255
- Utilities & supplies$4,200
- HOA$0
- Property tax$2,856
- Insurance (STR-rated)$1,166
Cash needed to close
- Down payment (25%)$58,875
- Closing costs (4.0%)$9,420
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$22,314
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
$179,000
Short-life (5/15-yr)
$50,000 · 28%
Year-1 deduction
$70,000
Year-1 tax shield @ 32%
$22,000
Land 24% (county tax record, assessed value split) · building $129,000 over 39 years · new furniture $20,000
Based on: 1,073 sq ft, built 1962, 3 bd / 1 ba, unfurnished, listing features (appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $54,000 in year 1 (19% short-life, $17,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,800
Kitchen cabinetsdefault
$8,200 new × 40% good × 2.08 allocation
- $5,600
Kitchen countertopsdefault
$6,700 new × 40% good × 2.08 allocation
- $1,600
Decorative trimdefault
$1,900 new × 40% good × 2.08 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 2.08 allocation
- $1,000
Shelvingdefault
$1,200 new × 40% good × 2.08 allocation
- $2,300
Window coverings (11)default
$2,800 new × 40% good × 2.08 allocation
- $2,300
Carpet, vinyl & laminate (40% of floors)default
$2,800 new × 40% good × 2.08 allocation
- $5,300
Kitchen & laundry equipment plumbingdefault
$6,300 new × 40% good × 2.08 allocation
- $3,200
Kitchen, laundry & data equipment electricaldefault
$3,800 new × 40% good × 2.08 allocation
- $5,600
Appliances (range, microwave, refrigerator, washer, dryer)listing
$6,700 new × 40% good × 2.08 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $7,100
Paving: driveway & walks (paved)listing
$6,800 new × 50% good × 2.08 allocation
- $6,800
Landscaping (typical)default
$6,500 new × 50% good × 2.08 allocation
- $1,100
Patiosdefault
$1,100 new × 50% good × 2.08 allocation
- $1,100
Decks & porches (attached)default
$1,100 new × 50% good × 2.08 allocation
- $96,600
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$115,900 new × 40% good × 2.08 allocation
- $10,000
Building plumbing & fixturesdefault
$12,000 new × 40% good × 2.08 allocation
- $9,100
Building electrical & lightingdefault
$10,900 new × 40% good × 2.08 allocation
- $10,100
HVACdefault
$12,100 new × 40% good × 2.08 allocation
- $3,500
Hardwood & tile floorsdefault
$4,100 new × 40% good × 2.08 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $53,200 | $16,100 | $400 | $69,700 |
| 2 | $0 | $0 | $3,300 | $3,300 |
| 3 | $0 | $0 | $3,300 | $3,300 |
| 4 | $0 | $0 | $3,300 | $3,300 |
| 5 | $0 | $0 | $3,300 | $3,300 |
| 6+ | $0 | $0 | $115,600 | $115,600 |
| Total | $53,200 | $16,100 | $129,300 | $198,600 |
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.