297 Walnut Dr

Onalaska, WI 54650

$354,900

3 bd · 2 ba · 1,964 sqft · Listed 1d ago

View on Realtor.com →

Low confidence

Year built

1965

Sqft

1,964

Lot sqft

15,682

HOA / mo

None

Furnished

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)

$23,708$36,362$49,214

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)
Airbnb
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)
Airbnb
A-Frame Wellness Retreat | Pool• Hot Tub• Full Gym
Cabin · 3 bd · 2 ba · sleeps 6 · 1.7 mi
- Hot tub
- Pool
- A/C
- Free parking
- +3
Revenue $86,825ADR $362Occ ≈ 66%4.9★ (48)
Airbnb Vrbo
Aspen Valley Retreat • Spacious Family Home
House · 3 bd · 3 ba · sleeps 7 · 2.0 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +2
Revenue $36,362ADR $278Occ ≈ 36%4.3★ (24)
Airbnb Vrbo
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)
Airbnb

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Driftless Escape A-Frame Cabin Cabin A/C Free parking Wifi Kitchen +2	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 Hot tub Pool A/C Free parking +3	3 bd · 2 ba · sleeps 6	$86,825	$362	66%	4.9★ (48)	1.7 mi	Airbnb Vrbo
Aspen Valley Retreat • Spacious Family Home House A/C Free parking Pets OK Wifi +2	3 bd · 3 ba · sleeps 7	$36,362	$278	36%	4.3★ (24)	2.0 mi	Airbnb Vrbo
Charming and comfy: 3BR home on quiet street House A/C Free parking Wifi Kitchen +2	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

Financing

Management

Purchase priceAlready furnishedTax bracketCount tax savings in returnsOnly if you can use the losses (STR loophole)

Est. revenue

$51,496

NOI

$26,750

Cash flow /mo

$2,229

Cash needed

$388,596

Cash-on-cash (all cash)

6.9%

ROE (yr 1)

9.6%

Cap rate

7.5%

DSCR

—

Year-1 write-off

$86,885

Year-1 tax shield @ 32%

$27,803

Year-1 return on equity

Cash flow (annual)$26,750
Principal paydown (n/a, cash)$0
Appreciation at%$10,647

ROE9.6%

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

Purchase price (all cash)$354,900
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.

5-year property$58,500

Kitchen cabinetsdefault
$10,100 new × 40% good × 1.95 allocation
$7,900
Kitchen countertops (stone)listing
$10,300 new × 40% good × 1.95 allocation
$8,100
Decorative trimdefault
$3,400 new × 40% good × 1.95 allocation
$2,700
Mirrorsdefault
$300 new × 40% good × 1.95 allocation
$200
Shelvingdefault
$1,200 new × 40% good × 1.95 allocation
$900
Window coverings (20)default
$5,000 new × 40% good × 1.95 allocation
$3,900
Kitchen & laundry equipment plumbingdefault
$7,900 new × 40% good × 1.95 allocation
$6,100
Kitchen, laundry & data equipment electricaldefault
$4,800 new × 40% good × 1.95 allocation
$3,700
Appliances (range, dishwasher, refrigerator, washer, dryer)listing
$7,000 new × 40% good × 1.95 allocation
$5,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
$19,500

15-year land improvements$28,100

Paving: driveway & walks (paved)listing
$9,200 new × 50% good × 1.95 allocation
$9,000
Landscaping (typical)default
$8,800 new × 50% good × 1.95 allocation
$8,600
Patioslisting
$8,800 new × 50% good × 1.95 allocation
$8,600
Decks & porches (attached)default
$1,900 new × 50% good × 1.95 allocation
$1,900

Building, 39-year$228,100

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$213,100 new × 40% good × 1.95 allocation
$166,400
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
$17,300
Hardwood & tile floorsdefault
$12,600 new × 40% good × 1.95 allocation
$9,900

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	$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.