297 Walnut Dr
Onalaska, WI 54650
$354,900
3 bd · 2 ba · 1,964 sqft · Listed 1d ago
View on Realtor.com →Year built
1965
Sqft
1,964
Lot sqft
15,682
HOA / mo
None
Furnished
No
List date
2026-10-16T19:19:05.000000Z
Revenue
Annual revenue
$51,496
ADR
$194
Occupancy
73%
Cleaning fees (12 mo)
$9,229
Confidence
Low (21.55), 5 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $36,362
Driftless Escape A-Frame Cabin
Cabin · 3 bd · 1.5 ba · sleeps 6 · 1.5 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $3,184ADR $294Occ ≈ 3%5★ (2)
A-Frame Pool House With Hot Tub / Sleeps 6
Cabin · 3 bd · 2 ba · sleeps 6 · 1.7 mi
Revenue $49,214ADR $391Occ ≈ 34%4.8★ (48)
Charming and comfy: 3BR home on quiet street
House · 3 bd · 2 ba · sleeps 7 · 3.2 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $23,708ADR $175Occ ≈ 37%5★ (43)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Driftless Escape A-Frame Cabin Cabin
| 3 bd · 1.5 ba · sleeps 6 | $3,184 | $294 | 3% | 5★ (2) | 1.5 mi | Airbnb |
A-Frame Pool House With Hot Tub / Sleeps 6 Cabin | 3 bd · 2 ba · sleeps 6 | $49,214 | $391 | 34% | 4.8★ (48) | 1.7 mi | Airbnb |
A-Frame Wellness Retreat | Pool• Hot Tub• Full Gym Cabin
| 3 bd · 2 ba · sleeps 6 | $86,825 | $362 | 66% | 4.9★ (48) | 1.7 mi | AirbnbVrbo |
Aspen Valley Retreat • Spacious Family Home House
| 3 bd · 3 ba · sleeps 7 | $36,362 | $278 | 36% | 4.3★ (24) | 2.0 mi | AirbnbVrbo |
Charming and comfy: 3BR home on quiet street House
| 3 bd · 2 ba · sleeps 7 | $23,708 | $175 | 37% | 5★ (43) | 3.2 mi | Airbnb |
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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium
Est. revenue
$51,496
NOI
$26,750
Cash flow /mo
$248
Cash needed
$122,421
Cash-on-cash
2.4%
ROE (yr 1)
12.9%
Cap rate
7.5%
DSCR
1.13
Year-1 write-off
$86,885
Year-1 tax shield @ 32%
$27,803
Year-1 return on equity
- Cash flow (annual)$2,978
- Principal paydown$2,158
- Appreciation at%$10,647
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)$10,299
- Platform fees (3% of revenue)$1,545
- Maintenance / capex (5% of revenue)$2,575
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,370
- Insurance (STR-rated)$1,757
Cash needed to close
- Down payment (25%)$88,725
- Closing costs (4.0%)$14,196
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$27,803
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
$295,000
Short-life (5/15-yr)
$67,000 · 23%
Year-1 deduction
$87,000
Year-1 tax shield @ 32%
$28,000
Land 17% (county tax record, assessed value split) · building $228,000 over 39 years · new furniture $20,000
Based on: 1,964 sq ft, built 1965, 3 bd / 2 ba, unfurnished, listing features (patio, stone counters, flooring types, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $65,000 in year 1 (15% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,900
Kitchen cabinetsdefault
$10,100 new × 40% good × 1.95 allocation
- $8,100
Kitchen countertops (stone)listing
$10,300 new × 40% good × 1.95 allocation
- $2,700
Decorative trimdefault
$3,400 new × 40% good × 1.95 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.95 allocation
- $900
Shelvingdefault
$1,200 new × 40% good × 1.95 allocation
- $3,900
Window coverings (20)default
$5,000 new × 40% good × 1.95 allocation
- $6,100
Kitchen & laundry equipment plumbingdefault
$7,900 new × 40% good × 1.95 allocation
- $3,700
Kitchen, laundry & data equipment electricaldefault
$4,800 new × 40% good × 1.95 allocation
- $5,500
Appliances (range, dishwasher, refrigerator, washer, dryer)listing
$7,000 new × 40% good × 1.95 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $9,000
Paving: driveway & walks (paved)listing
$9,200 new × 50% good × 1.95 allocation
- $8,600
Landscaping (typical)default
$8,800 new × 50% good × 1.95 allocation
- $8,600
Patioslisting
$8,800 new × 50% good × 1.95 allocation
- $1,900
Decks & porches (attached)default
$1,900 new × 50% good × 1.95 allocation
- $166,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$213,100 new × 40% good × 1.95 allocation
- $17,300
Building plumbing & fixturesdefault
$22,100 new × 40% good × 1.95 allocation
- $17,300
Building electrical & lightingdefault
$22,200 new × 40% good × 1.95 allocation
- $17,300
HVACdefault
$22,100 new × 40% good × 1.95 allocation
- $9,900
Hardwood & tile floorsdefault
$12,600 new × 40% good × 1.95 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $58,500 | $28,100 | $200 | $86,900 |
| 2 | $0 | $0 | $5,800 | $5,800 |
| 3 | $0 | $0 | $5,800 | $5,800 |
| 4 | $0 | $0 | $5,800 | $5,800 |
| 5 | $0 | $0 | $5,800 | $5,800 |
| 6+ | $0 | $0 | $204,400 | $204,400 |
| Total | $58,500 | $28,100 | $228,100 | $314,700 |
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.