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1635 Hyde Ave

1635 Hyde Ave

La Crosse, WI 54601

$199,900

3 bd · 1 ba · 937 sqft · Listed 1d ago

View on Realtor.com →
Low confidence

Year built

1927

Sqft

937

Lot sqft

5,663

HOA / mo

None

Furnished

No

List date

2026-10-22T14:00:09.000000Z

Revenue

Annual revenue

$46,164

ADR

$191

Occupancy

66%

Cleaning fees (12 mo)

$5,558

Confidence

Med (60.52), 7 comps

Comp revenue range (p25 / median / p75)

$31,390$44,575$55,549

Median revenue of shown comps: $44,575

  • Charming Southside Home

    House · 3 bd · 2 ba · sleeps 8 · 0.4 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +2

    Revenue $63,085ADR $286Occ ≈ 60%5★ (47)

    Airbnb

  • Lovely La Crosse bungalow

    House · 3 bd · 2 ba · sleeps 6 · 0.4 mi

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

    Revenue $22,314ADR $160Occ ≈ 38%4.8★ (26)

    Airbnb

  • NEST - Cozy, Stylish, & Relaxing & Newly updated!

    House · 3 bd · 1.5 ba · sleeps 6 · 0.5 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +2

    Revenue $40,465ADR $222Occ ≈ 50%5★ (59)

    AirbnbVrbo

  • Downtown Boho Home w/Office, Yoga Studio,King Bed

    House · 3 bd · 2 ba · sleeps 8 · 0.5 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $48,013ADR $258Occ ≈ 51%4.8★ (28)

    AirbnbVrboBooking

  • Cozy 3BR Apt by Mayo, 50-ft Parking

    Apartment · 3 bd · 1 ba · sleeps 6 · 0.6 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen

    Revenue $44,575ADR $165Occ ≈ 74%5★ (218)

    Airbnb

  • Cozy Cottage on the Corner

    House · 3 bd · 2 ba · sleeps 7 · 0.6 mi

    Revenue $64,587ADR $349Occ ≈ 51%5★ (16)

    Delisted

  • The River House • Fishing • Duck Hunting • Dock

    House · 3 bd · 1.5 ba · sleeps 8 · 0.6 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +1

    Revenue $21,891ADR $331Occ ≈ 18%5★ (8)

    AirbnbVrbo

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

$46,164

NOI

$24,773

Cash flow /mo

$2,064

Cash needed

$233,396

Cash-on-cash (all cash)

10.6%

ROE (yr 1)

13.2%

Cap rate

12.4%

DSCR

—

Year-1 write-off

$82,080

Year-1 tax shield @ 32%

$26,266

Year-1 return on equity

  • Cash flow (annual)$24,773
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$5,997
ROE13.2%

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)$9,233
  • Platform fees (3% of revenue)$1,385
  • Maintenance / capex (5% of revenue)$2,308
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$3,276
  • Insurance (STR-rated)$990

Cash needed to close

  • Purchase price (all cash)$199,900
  • Closing costs (4.0%)$7,996
  • Furnishing (bought new)$25,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$26,266

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

$159,000

Short-life (5/15-yr)

$56,000 · 35%

Year-1 deduction

$82,000

Year-1 tax shield @ 32%

$26,000

Land 20% (county tax record, assessed value split) · building $103,000 over 39 years · new furniture $26,000

Based on: 937 sq ft, built 1927, 3 bd / 1 ba, unfurnished, listing features (patio, fence, game room, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $68,000 in year 1 (27% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$54,800

  • Kitchen cabinetsdefault

    $7,900 new × 40% good × 1.90 allocation

    $6,000

  • Kitchen countertopsdefault

    $6,400 new × 40% good × 1.90 allocation

    $4,900

  • Decorative trimdefault

    $1,600 new × 40% good × 1.90 allocation

    $1,200

  • Mirrorsdefault

    $200 new × 40% good × 1.90 allocation

    $100

  • Shelvingdefault

    $1,200 new × 40% good × 1.90 allocation

    $900

  • Window coverings (9)default

    $2,300 new × 40% good × 1.90 allocation

    $1,700

  • Carpet, vinyl & laminate (40% of floors)default

    $2,400 new × 40% good × 1.90 allocation

    $1,800

  • Kitchen & laundry equipment plumbingdefault

    $6,100 new × 40% good × 1.90 allocation

    $4,700

  • Kitchen, laundry & data equipment electricaldefault

    $3,700 new × 40% good × 1.90 allocation

    $2,800

  • Appliances (range, microwave, refrigerator, washer, dryer)listing

    $6,700 new × 40% good × 1.90 allocation

    $5,100

  • Furniture bought newlisting

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

    $19,500

  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$27,200

  • Paving: driveway & walks (paved)default

    $6,300 new × 50% good × 1.90 allocation

    $6,000

  • Landscaping (typical)default

    $6,100 new × 50% good × 1.90 allocation

    $5,800

  • Patioslisting

    $4,200 new × 50% good × 1.90 allocation

    $4,000

  • Decks & porches (attached)default

    $900 new × 50% good × 1.90 allocation

    $900

  • Fencinglisting

    $6,000 new × 50% good × 1.90 allocation

    $5,700

  • Gazebo / pergolalisting

    $5,000 new × 50% good × 1.90 allocation

    $4,800
Building, 39-year$102,600

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

    $101,000 new × 40% good × 1.90 allocation

    $76,900

  • Building plumbing & fixturesdefault

    $10,500 new × 40% good × 1.90 allocation

    $8,000

  • Building electrical & lightingdefault

    $9,100 new × 40% good × 1.90 allocation

    $7,000

  • HVACdefault

    $10,600 new × 40% good × 1.90 allocation

    $8,000

  • Hardwood & tile floorsdefault

    $3,600 new × 40% good × 1.90 allocation

    $2,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$54,800$27,200$100$82,100
2$0$0$2,600$2,600
3$0$0$2,600$2,600
4$0$0$2,600$2,600
5$0$0$2,600$2,600
6+$0$0$92,000$92,000
Total$54,800$27,200$102,600$184,600

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.