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N5802 Lakeview Ct E

N5802 Lakeview Ct E

Onalaska, WI 54650

$289,900

3 bd · 1 ba · 1,410 sqft · Listed 1d ago

View on Realtor.com →
Low confidence

Year built

1997

Sqft

1,410

Lot sqft

20,909

HOA / mo

None

Furnished

No

List date

2026-10-26T22:00:55.000000Z

Revenue

Annual revenue

$22,531

ADR

$199

Occupancy

31%

Cleaning fees (12 mo)

$1,964

Confidence

Low (33.41), 8 comps

Comp revenue range (p25 / median / p75)

$14,143$19,847$28,445

Median revenue of shown comps: $22,876

  • Cozy Corner Cottages 3 Bedroom House Rental

    House · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen

    Revenue $3,588ADR $299Occ ≈ 3%4.8★ (11)

    AirbnbVrbo

  • Cottage House on Lake Onalaska

    House · 3 bd · 1 ba · sleeps 6 · 0.7 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +4

    Revenue $24,209ADR $238Occ ≈ 28%4.7★ (43)

    Airbnb

  • Dream Cottage on Lake Onalaska- Kayaks, Canoes

    Cabin · 3 bd · 1.5 ba · sleeps 8 · 1.2 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +3

    Revenue $41,153ADR $359Occ ≈ 31%4.8★ (81)

    AirbnbVrbo

  • Nature's Edge Cabin

    House · 3 bd · 1 ba · sleeps 6 · 1.3 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $22,876ADR $214Occ ≈ 29%5★ (25)

    Airbnb

  • Prairie View Ranch Retreat-Lake Ona & GRTrail Near

    House · 3 bd · 1 ba · sleeps 6 · 1.9 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $16,479ADR $198Occ ≈ 23%4.6★ (12)

    Airbnb

  • 3 Mi to Lake Onalaska: Quaint Home w/ Prairie View

    House · 3 bd · 1 ba · sleeps 6 · 1.9 mi

    Revenue $45,181ADR $191Occ ≈ 65%4.8★ (4)

    AirbnbBooking

  • Adorable 3-bedroom bungalow near Lake Onalaska

    House · 3 bd · 1 ba · sleeps 6 · 1.9 mi

    Revenue $7,134ADR $182Occ ≈ 11%4.6★

    Delisted

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

Est. revenue

$22,531

NOI

$7,543

Cash flow /mo

$629

Cash needed

$320,996

Cash-on-cash (all cash)

2.3%

ROE (yr 1)

5.1%

Cap rate

2.6%

DSCR

—

Year-1 write-off

$65,718

Year-1 tax shield @ 32%

$21,030

Year-1 return on equity

  • Cash flow (annual)$7,543
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$8,697
ROE5.1%

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)$4,506
  • Platform fees (3% of revenue)$676
  • Maintenance / capex (5% of revenue)$1,127
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$3,044
  • Insurance (STR-rated)$1,435

Cash needed to close

  • Purchase price (all cash)$289,900
  • Closing costs (4.0%)$11,596
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$21,030

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

$242,000

Short-life (5/15-yr)

$46,000 · 19%

Year-1 deduction

$66,000

Year-1 tax shield @ 32%

$21,000

Land 17% (county tax record, assessed value split) · building $196,000 over 39 years · new furniture $20,000

Based on: 1,410 sq ft, built 1997, 3 bd / 1 ba, unfurnished, listing features (flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $50,000 in year 1 (13% short-life, $16,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$49,100

  • Kitchen cabinetsdefault

    $8,900 new × 40% good × 1.81 allocation

    $6,500

  • Kitchen countertopsdefault

    $7,300 new × 40% good × 1.81 allocation

    $5,300

  • Decorative trimdefault

    $2,500 new × 40% good × 1.81 allocation

    $1,800

  • Mirrorsdefault

    $200 new × 40% good × 1.81 allocation

    $100

  • Shelvingdefault

    $1,200 new × 40% good × 1.81 allocation

    $900

  • Window coverings (14)default

    $3,500 new × 40% good × 1.81 allocation

    $2,500

  • Kitchen & laundry equipment plumbingdefault

    $6,900 new × 42% good × 1.81 allocation

    $5,300

  • Kitchen, laundry & data equipment electricaldefault

    $4,200 new × 42% good × 1.81 allocation

    $3,200

  • Appliances (range, microwave, dishwasher, refrigerator)listing

    $5,700 new × 40% good × 1.81 allocation

    $4,100

  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$16,400

  • Paving: driveway & walks (paved)listing

    $7,800 new × 50% good × 1.81 allocation

    $7,100

  • Landscaping (typical)default

    $7,500 new × 50% good × 1.81 allocation

    $6,800

  • Patiosdefault

    $1,400 new × 50% good × 1.81 allocation

    $1,300

  • Decks & porches (attached)default

    $1,400 new × 50% good × 1.81 allocation

    $1,300
Building, 39-year$195,700

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $152,700 new × 52% good × 1.81 allocation

    $143,100

  • Building plumbing & fixturesdefault

    $15,800 new × 42% good × 1.81 allocation

    $12,100

  • Building electrical & lightingdefault

    $15,100 new × 42% good × 1.81 allocation

    $11,500

  • HVACdefault

    $15,900 new × 40% good × 1.81 allocation

    $11,500

  • Hardwood & tile floorsdefault

    $9,100 new × 40% good × 1.81 allocation

    $6,600

  • Septic systemlisting

    $12,000 new × 50% good × 1.81 allocation

    $10,900

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$49,100$16,400$200$65,700
2$0$0$5,000$5,000
3$0$0$5,000$5,000
4$0$0$5,000$5,000
5$0$0$5,000$5,000
6+$0$0$175,400$175,400
Total$49,100$16,400$195,700$261,200

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.