1615 Cherry Ln S
Holmen, WI 54636
$559,900
5 bd · 3 ba · 3,250 sqft · Listed 1d ago
View on Realtor.com →Year built
2018
Sqft
3,250
Lot sqft
11,326
HOA / mo
None
Furnished
No
List date
2026-10-26T18:08:18Z
Revenue
Annual revenue
$44,534
ADR
$242
Occupancy
50%
Cleaning fees (12 mo)
$3,770
Confidence
High (70.14), 5 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $46,209
Cozy, country-feel, private, close to everything, for family & friends to gather
House · 6 bd · 2 ba · sleeps 22 · 2.4 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +1
Revenue $50,995ADR $329Occ ≈ 42%4.9★ (109)
Northshore Getaway
House · 4 bd · 2 ba · sleeps 6 · 2.7 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $56,542ADR $236Occ ≈ 66%4.7★ (32)
House on onalaska Wisconsin 4 bedroom 3 Beth
House · 4 bd · 2.5 ba · sleeps 8 · 2.7 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $24,263ADR $142Occ ≈ 47%4.9★ (168)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Cozy, country-feel, private, close to everything, for family & friends to gather House
| 6 bd · 2 ba · sleeps 22 | $50,995 | $329 | 42% | 4.9★ (109) | 2.4 mi | Vrbo |
Northshore Getaway House
| 4 bd · 2 ba · sleeps 6 | $56,542 | $236 | 66% | 4.7★ (32) | 2.7 mi | Airbnb |
Backwater hideaway. Big house with water access. House
| 4 bd · 2.5 ba · sleeps 8 | $36,220 | $211 | 47% | 4.8★ (120) | 2.7 mi | AirbnbVrbo |
House on onalaska Wisconsin 4 bedroom 3 Beth House
| 4 bd · 2.5 ba · sleeps 8 | $24,263 | $142 | 47% | 4.9★ (168) | 2.7 mi | Airbnb |
Backyard Oasis w/ In-Ground Pool, FirePit & Gazebo House
| 5 bd · 3 ba · sleeps 11 | $46,209 | $445 | 28% | 5★ (22) | 3.9 mi | 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
Rate 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium
Est. revenue
$44,534
NOI
$17,662
Cash flow /mo
-$1,630
Cash needed
$188,871
Cash-on-cash
-10.4%
ROE (yr 1)
0.4%
Cap rate
3.2%
DSCR
0.47
Year-1 write-off
$117,739
Year-1 tax shield @ 32%
$37,677
Year-1 return on equity
- Cash flow (annual)-$19,559
- Principal paydown$3,459
- Appreciation at%$16,797
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)$8,907
- Platform fees (3% of revenue)$1,336
- Maintenance / capex (5% of revenue)$2,227
- Utilities & supplies$4,200
- HOA$0
- Property tax$7,431
- Insurance (STR-rated)$2,772
Cash needed to close
- Down payment (25%)$139,975
- Closing costs (4.0%)$22,396
- Furnishing (bought new)$26,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$37,677
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
$491,000
Short-life (5/15-yr)
$91,000 · 18%
Year-1 deduction
$118,000
Year-1 tax shield @ 32%
$38,000
Land 12% (county tax record, assessed value split) · building $400,000 over 39 years · new furniture $27,000
Based on: 3,250 sq ft, built 2018, 5 bd / 3 ba, unfurnished, listing features (deck, fence, fireplace, stone counters, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $73,000 in year 1 (9% short-life, $23,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,800
Kitchen cabinetsdefault
$12,900 new × 68% good
- $9,000
Kitchen countertops (stone)listing
$13,200 new × 68% good
- $3,900
Decorative trimdefault
$5,700 new × 68% good
- $200
Mirrorsdefault
$500 new × 40% good
- $1,200
Shelvingdefault
$1,800 new × 68% good
- $3,300
Window coverings (33)default
$8,300 new × 40% good
- $3,300
Carpet, vinyl & laminate (40% of floors)default
$8,400 new × 40% good
- $8,400
Kitchen & laundry equipment plumbingdefault
$10,100 new × 84% good
- $5,100
Kitchen, laundry & data equipment electricaldefault
$6,100 new × 84% good
- $2,300
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 40% good
- $26,500
Furniture bought newlisting
$26,500 new × 100% good · bought separately
- $10,000
Paving: driveway & walks (paved)listing
$14,800 new × 68% good
- $7,700
Landscaping (typical)default
$11,400 new × 68% good
- $2,200
Patiosdefault
$3,200 new × 68% good
- $21,900
Decks & porches (attached)listing
$36,600 new × 60% good
- $3,600
Fencinglisting
$6,000 new × 60% good
- $305,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$352,900 new × 87% good
- $30,700
Building plumbing & fixturesdefault
$36,700 new × 84% good
- $32,200
Building electrical & lightingdefault
$38,500 new × 84% good
- $21,900
HVACdefault
$36,600 new × 60% good
- $8,500
Hardwood & tile floorsdefault
$12,500 new × 68% good
- $1,800
Fireplacelisting
$2,600 new × 68% good
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $71,900 | $45,400 | $400 | $117,700 |
| 2 | $0 | $0 | $10,300 | $10,300 |
| 3 | $0 | $0 | $10,300 | $10,300 |
| 4 | $0 | $0 | $10,300 | $10,300 |
| 5 | $0 | $0 | $10,300 | $10,300 |
| 6+ | $0 | $0 | $358,800 | $358,800 |
| Total | $71,900 | $45,400 | $400,300 | $517,600 |
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.