216 3rd Ave S
Onalaska, WI 54650
$175,000
2 bd · 1 ba · 1,047 sqft · Listed 1d ago
View on Realtor.com →Year built
1990
Sqft
1,047
Lot sqft
6,098
HOA / mo
None
Furnished
No
List date
2026-10-01T15:08:41.000000Z
Revenue
Annual revenue
$15,988
ADR
$57
Occupancy
77%
Cleaning fees (12 mo)
$818
Confidence
Low (36.32), 7 comps
Comp revenue range (p25 / median / p75)
Travelers home base just off I90
Townhouse · 2 bd · 1 ba · sleeps 4 · 1.5 mi
Revenue $8,697ADR $62Occ ≈ 38%5★ (2)
2 bedrooms and private bathroom second floor
House · 2 bd · 1 ba · sleeps 6 · 1.6 mi
Revenue $10,336ADR $121Occ ≈ 23%4.6★ (10)
Lake Onalaska sunset view!
House · 2 bd · 1 ba · sleeps 4 · 1.7 mi
Revenue $3,684ADR $140Occ ≈ 7%5★ (1)
Blue Way Inn and Suites Lacrosse - 1 King Bed Non Smoking
House · 2 bd · 1 ba · sleeps 3 · 1.8 mi
Revenue $14,556ADR $72Occ ≈ 55%1★ (1)
A Spacious Homey Place To Be/ Shared property with Owner .
House · 2 bd · 2 ba · sleeps 4 · 2.0 mi
Revenue $16,845ADR $112Occ ≈ 41%4.5★ (22)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Travelers home base just off I90 Townhouse | 2 bd · 1 ba · sleeps 4 | $8,697 | $62 | 38% | 5★ (2) | 1.5 mi | Airbnb |
Travelers home base just off I90 Townhouse | 2 bd · 1 ba · sleeps 4 | $19,255 | $94 | 56% | — | 1.5 mi | AirbnbVrbo |
2 bedrooms and private bathroom second floor House | 2 bd · 1 ba · sleeps 6 | $10,336 | $121 | 23% | 4.6★ (10) | 1.6 mi | Airbnb |
Lake Onalaska sunset view! House | 2 bd · 1 ba · sleeps 4 | $3,684 | $140 | 7% | 5★ (1) | 1.7 mi | Airbnb |
Blue Way Inn and Suites Lacrosse - 1 King Bed Non Smoking House | 2 bd · 1 ba · sleeps 3 | $14,556 | $72 | 55% | 1★ (1) | 1.8 mi | Vrbo |
Nostalgic Retro Cottage-Faye's Place-Fully Fenced House | 2 bd · 1 ba · sleeps 5 | $34,038 | $123 | 76% | 4.9★ (245) | 1.8 mi | AirbnbVrbo |
A Spacious Homey Place To Be/ Shared property with Owner . House | 2 bd · 2 ba · sleeps 4 | $16,845 | $112 | 41% | 4.5★ (22) | 2.0 mi | 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
Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium
Est. revenue
$15,988
NOI
$4,323
Cash flow /mo
-$606
Cash needed
$72,750
Cash-on-cash
-10.0%
ROE (yr 1)
-1.3%
Cap rate
2.5%
DSCR
0.37
Year-1 write-off
$65,064
Year-1 tax shield @ 32%
$20,820
Year-1 return on equity
- Cash flow (annual)-$7,267
- Principal paydown$1,090
- Appreciation at%$5,250
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)$3,198
- Platform fees (3% of revenue)$480
- Maintenance / capex (5% of revenue)$799
- Utilities & supplies$4,200
- HOA$0
- Property tax$2,122
- Insurance (STR-rated)$866
Cash needed to close
- Down payment (25%)$43,750
- Closing costs (4.0%)$7,000
- Furnishing (bought new)$22,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$20,820
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
$132,000
Short-life (5/15-yr)
$43,000 · 33%
Year-1 deduction
$65,000
Year-1 tax shield @ 32%
$21,000
Land 25% (county tax record, assessed value split) · building $89,000 over 39 years · new furniture $22,000
Based on: 1,047 sq ft, built 1990, 2 bd / 1 ba, unfurnished, listing features (deck, game room, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $46,000 in year 1 (18% short-life, $15,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $4,800
Kitchen cabinetsdefault
$8,100 new × 40% good × 1.47 allocation
- $3,900
Kitchen countertopsdefault
$6,600 new × 40% good × 1.47 allocation
- $1,100
Decorative trimdefault
$1,800 new × 40% good × 1.47 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 1.47 allocation
- $500
Shelvingdefault
$900 new × 40% good × 1.47 allocation
- $1,500
Window coverings (10)default
$2,500 new × 40% good × 1.47 allocation
- $1,600
Carpet, vinyl & laminate (40% of floors)default
$2,700 new × 40% good × 1.47 allocation
- $3,700
Kitchen & laundry equipment plumbingdefault
$6,300 new × 40% good × 1.47 allocation
- $2,200
Kitchen, laundry & data equipment electricaldefault
$3,800 new × 40% good × 1.47 allocation
- $4,500
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 1.47 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $4,900
Paving: driveway & walks (paved)default
$6,700 new × 50% good × 1.47 allocation
- $4,700
Landscaping (typical)default
$6,500 new × 50% good × 1.47 allocation
- $800
Patiosdefault
$1,000 new × 50% good × 1.47 allocation
- $8,700
Decks & porches (attached)listing
$11,800 new × 50% good × 1.47 allocation
- $66,700
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$113,400 new × 40% good × 1.47 allocation
- $6,900
Building plumbing & fixturesdefault
$11,700 new × 40% good × 1.47 allocation
- $6,200
Building electrical & lightingdefault
$10,500 new × 40% good × 1.47 allocation
- $6,900
HVACdefault
$11,800 new × 40% good × 1.47 allocation
- $2,400
Hardwood & tile floorsdefault
$4,000 new × 40% good × 1.47 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $45,900 | $19,100 | $100 | $65,100 |
| 2 | $0 | $0 | $2,300 | $2,300 |
| 3 | $0 | $0 | $2,300 | $2,300 |
| 4 | $0 | $0 | $2,300 | $2,300 |
| 5 | $0 | $0 | $2,300 | $2,300 |
| 6+ | $0 | $0 | $79,800 | $79,800 |
| Total | $45,900 | $19,100 | $89,100 | $154,000 |
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.