Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

W5147 Kearns Ct

Shelby, WI 54601

$395,000

3 bd · 2.5 ba · 2,407 sqft · Listed 1d ago

View on Realtor.com →

Low confidence

Year built

1993

Sqft

2,407

Lot sqft

33,541

HOA / mo

None

Furnished

List date

2026-09-30T20:25:01.000000Z

Revenue

Annual revenue

$50,190

ADR

$280

Occupancy

49%

Cleaning fees (12 mo)

$7,145

Confidence

Med (60.67), 6 comps

Comp revenue range (p25 / median / p75)

$33,671$45,654$64,131

3BR 3BA w/ Hot Tub, near LaX' Top Rated Activities
House · 3 bd · 3 ba · sleeps 11 · 2.1 mi
Revenue $54,269ADR $245Occ ≈ 61%5★ (153)
Airbnb Vrbo
'RiverSong' Waterfront La Crosse Home w/ Dock
House · 3 bd · 2 ba · sleeps 6 · 2.7 mi
Revenue $67,418ADR $258Occ ≈ 72%5★ (200)
Airbnb Vrbo Booking
Comfortably Lost
House · 3 bd · 2 ba · sleeps 4 · 2.8 mi
Revenue $30,491ADR $177Occ ≈ 47%5★ (28)
Airbnb
Adventurer’s Retreat
House · 3 bd · 2.5 ba · sleeps 10 · 2.9 mi
Revenue $32,548ADR $459Occ ≈ 19%5★ (34)
Airbnb Vrbo
Designer Family Fun home, Arcade, secret nook!
House · 3 bd · 3.5 ba · sleeps 10 · 2.9 mi
Revenue $77,348ADR $411Occ ≈ 52%4.9★ (171)
Airbnb
Cheerful home with driveway and backyard!
House · 3 bd · 1.5 ba · sleeps 6 · 3.2 mi
Revenue $37,038ADR $226Occ ≈ 45%4.9★ (120)
Airbnb Vrbo

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
3BR 3BA w/ Hot Tub, near LaX' Top Rated Activities House	3 bd · 3 ba · sleeps 11	$54,269	$245	61%	5★ (153)	2.1 mi	Airbnb Vrbo
'RiverSong' Waterfront La Crosse Home w/ Dock House	3 bd · 2 ba · sleeps 6	$67,418	$258	72%	5★ (200)	2.7 mi	Airbnb Vrbo Booking
Comfortably Lost House	3 bd · 2 ba · sleeps 4	$30,491	$177	47%	5★ (28)	2.8 mi	Airbnb
Adventurer’s Retreat House	3 bd · 2.5 ba · sleeps 10	$32,548	$459	19%	5★ (34)	2.9 mi	Airbnb Vrbo
Designer Family Fun home, Arcade, secret nook! House	3 bd · 3.5 ba · sleeps 10	$77,348	$411	52%	4.9★ (171)	2.9 mi	Airbnb
Cheerful home with driveway and backyard! House	3 bd · 1.5 ba · sleeps 6	$37,038	$226	45%	4.9★ (120)	3.2 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

Term

Purchase priceDown payment %30-yr rate %Already furnishedTax bracketCount tax savings in returnsOnly if you can use the losses (STR loophole)

Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

Est. revenue

$50,190

NOI

$26,063

Cash flow /mo

$43

Cash needed

$134,050

Cash-on-cash

0.4%

ROE (yr 1)

11.2%

Cap rate

6.6%

DSCR

1.02

Year-1 write-off

$86,277

Year-1 tax shield @ 32%

$27,609

Year-1 return on equity

Cash flow (annual)$520
Principal paydown$2,585
Appreciation at%$11,850

ROE11.2%

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)$10,038
Platform fees (3% of revenue)$1,506
Maintenance / capex (5% of revenue)$2,510
Utilities & supplies$4,200
HOA$0
Property tax$3,919
Insurance (STR-rated)$1,955

Cash needed to close

Down payment (25%)$98,750
Closing costs (4.0%)$15,800
Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

Tax shield @ 32%$27,609

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

$338,000

Short-life (5/15-yr)

$66,000 · 19%

Year-1 deduction

$86,000

Year-1 tax shield @ 32%

$28,000

Land 14% (county tax record, assessed value split) · building $272,000 over 39 years · new furniture $20,000

Based on: 2,407 sq ft, built 1993, 3 bd / 2.5 ba, unfurnished, listing features (patio, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $67,000 in year 1 (14% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$55,500

Kitchen cabinetsdefault
$11,100 new × 40% good × 1.67 allocation
$7,400
Kitchen countertopsdefault
$9,100 new × 40% good × 1.67 allocation
$6,100
Decorative trimdefault
$4,200 new × 40% good × 1.67 allocation
$2,800
Mirrorsdefault
$300 new × 40% good × 1.67 allocation
$200
Shelvingdefault
$1,200 new × 40% good × 1.67 allocation
$800
Window coverings (24)default
$6,000 new × 40% good × 1.67 allocation
$4,000
Kitchen & laundry equipment plumbingdefault
$8,600 new × 40% good × 1.67 allocation
$5,800
Kitchen, laundry & data equipment electricaldefault
$5,200 new × 40% good × 1.67 allocation
$3,500
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)listing
$8,100 new × 40% good × 1.67 allocation
$5,400
Furniture bought newlisting
$19,500 new × 100% good · bought separately
$19,500

15-year land improvements$29,900

Paving: driveway & walks (paved)listing
$12,700 new × 50% good × 1.67 allocation
$10,600
Landscaping (typical)default
$9,800 new × 50% good × 1.67 allocation
$8,200
Patioslisting
$10,800 new × 50% good × 1.67 allocation
$9,100
Decks & porches (attached)default
$2,400 new × 50% good × 1.67 allocation
$2,000

Building, 39-year$272,400

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$261,500 new × 45% good × 1.67 allocation
$197,000
Building plumbing & fixturesdefault
$27,100 new × 40% good × 1.67 allocation
$18,200
Building electrical & lightingdefault
$27,800 new × 40% good × 1.67 allocation
$18,600
HVACdefault
$27,100 new × 40% good × 1.67 allocation
$18,200
Hardwood & tile floorsdefault
$15,500 new × 40% good × 1.67 allocation
$10,400
Septic systemlisting
$12,000 new × 50% good × 1.67 allocation
$10,000

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	$55,500	$29,900	$900	$86,300
2	$0	$0	$7,000	$7,000
3	$0	$0	$7,000	$7,000
4	$0	$0	$7,000	$7,000
5	$0	$0	$7,000	$7,000
6+	$0	$0	$243,500	$243,500
Total	$55,500	$29,900	$272,400	$357,800

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.