1400 Waldenberger Dr
Holmen, WI 54636
$409,900
4 bd · 3 ba · 2,539 sqft · Listed 22d ago
View on Realtor.com →Year built
2025
Sqft
2,539
Lot sqft
13,068
HOA / mo
None
Furnished
No
List date
2026-09-09T14:38:12.000000Z
Revenue
Annual revenue
$32,138
ADR
$190
Occupancy
46%
Cleaning fees (12 mo)
$2,689
Confidence
Low (34.02), 11 comps
Comp revenue range (p25 / median / p75)
Prairie View Ranch Retreat-Lake Ona & GRTrail Near
House · 3 bd · 1 ba · sleeps 6 · 3.2 mi
Revenue $14,556ADR $195Occ ≈ 20%4.5★ (9)
Adorable 3-bedroom bungalow near Lake Onalaska
House · 3 bd · 1 ba · sleeps 6 · 3.3 mi
Revenue $6,332ADR $180Occ ≈ 10%4.6★
Nature's Edge Cabin
House · 3 bd · 1 ba · sleeps 6 · 3.5 mi
Revenue $21,675ADR $214Occ ≈ 28%5★ (20)
Northshore Getaway
House · 4 bd · 2 ba · sleeps 6 · 3.5 mi
Revenue $57,445ADR $238Occ ≈ 66%4.7★ (30)
Cottage House on Lake Onalaska
House · 3 bd · 1 ba · sleeps 6 · 3.7 mi
Revenue $24,452ADR $240Occ ≈ 28%4.7★ (42)
NEW! The La Crosse Lodge
Cabin · 3 bd · 2.5 ba · sleeps 6 · 3.9 mi
Revenue $57,195ADR $502Occ ≈ 31%5★ (17)
Waterfront Retreat | Sunset View | Family Friendly
Guest suite · 3 bd · 1 ba · sleeps 5 · 4.4 mi
Revenue $12,732ADR $161Occ ≈ 22%4.8★ (29)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Prairie View Ranch Retreat-Lake Ona & GRTrail Near House | 3 bd · 1 ba · sleeps 6 | $14,556 | $195 | 20% | 4.5★ (9) | 3.2 mi | Airbnb |
Adorable 3-bedroom bungalow near Lake Onalaska House | 3 bd · 1 ba · sleeps 6 | $6,332 | $180 | 10% | 4.6★ | 3.3 mi | Vrbo |
3 Mi to Lake Onalaska: Quaint Home w/ Prairie View House | 3 bd · 1 ba · sleeps 6 | $43,707 | $199 | 60% | 4.8★ (4) | 3.3 mi | AirbnbVrboBooking |
Nature's Edge Cabin House | 3 bd · 1 ba · sleeps 6 | $21,675 | $214 | 28% | 5★ (20) | 3.5 mi | Airbnb |
Backwater hideaway. Big house with water access. House | 4 bd · 2.5 ba · sleeps 8 | $35,478 | $189 | 51% | 4.8★ (119) | 3.5 mi | AirbnbVrbo |
Northshore Getaway House | 4 bd · 2 ba · sleeps 6 | $57,445 | $238 | 66% | 4.7★ (30) | 3.5 mi | Airbnb |
Cozy Corner Cottages 3 Bedroom House Rental House | 3 bd · 2 ba · sleeps 6 | $4,578 | $305 | 4% | 4.8★ (11) | 3.6 mi | AirbnbVrbo |
Cottage House on Lake Onalaska House | 3 bd · 1 ba · sleeps 6 | $24,452 | $240 | 28% | 4.7★ (42) | 3.7 mi | Airbnb |
NEW! The La Crosse Lodge Cabin | 3 bd · 2.5 ba · sleeps 6 | $57,195 | $502 | 31% | 5★ (17) | 3.9 mi | Airbnb |
Waterfront Retreat | Sunset View | Family Friendly Guest suite | 3 bd · 1 ba · sleeps 5 | $12,732 | $161 | 22% | 4.8★ (29) | 4.4 mi | Airbnb |
Show all 11 comps
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 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$32,138
NOI
$7,770
Cash flow /mo
-$1,561
Cash needed
$141,871
Cash-on-cash
-13.2%
ROE (yr 1)
-2.6%
Cap rate
1.9%
DSCR
0.29
Year-1 write-off
$86,110
Year-1 tax shield @ 32%
$27,555
Year-1 return on equity
- Cash flow (annual)-$18,736
- Principal paydown$2,682
- Appreciation at%$12,297
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)$6,428
- Platform fees (3% of revenue)$964
- Maintenance / capex (5% of revenue)$1,607
- Utilities & supplies$4,200
- HOA$0
- Property tax$9,141
- Insurance (STR-rated)$2,029
Cash needed to close
- Down payment (25%)$102,475
- Closing costs (4.0%)$16,396
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$27,555
No county tax record split for property tax, insurance rate and the land/building split, so those use market defaults — edit the price above; 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
$336,000
Short-life (5/15-yr)
$62,000 · 19%
Year-1 deduction
$86,000
Year-1 tax shield @ 32%
$28,000
Land 18% (market default, no usable tax-record split) · building $274,000 over 39 years · new furniture $23,000
Based on: 2,539 sq ft, built 2025, 4 bd / 3 ba, unfurnished, listing features (fireplace).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $65,000 in year 1 (12% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,100
Kitchen cabinetsdefault
$11,400 new × 96% good × 0.75 allocation
- $6,700
Kitchen countertopsdefault
$9,300 new × 96% good × 0.75 allocation
- $3,200
Decorative trimdefault
$4,400 new × 96% good × 0.75 allocation
- $300
Mirrorsdefault
$500 new × 92% good × 0.75 allocation
- $1,100
Shelvingdefault
$1,500 new × 96% good × 0.75 allocation
- $4,200
Window coverings (25)default
$6,300 new × 90% good × 0.75 allocation
- $4,500
Carpet, vinyl & laminate (40% of floors)default
$6,500 new × 92% good × 0.75 allocation
- $6,500
Kitchen & laundry equipment plumbingdefault
$8,800 new × 98% good × 0.75 allocation
- $3,900
Kitchen, laundry & data equipment electricaldefault
$5,300 new × 98% good × 0.75 allocation
- $5,500
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 92% good × 0.75 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $7,500
Paving: driveway & walks (paved)listing
$10,400 new × 96% good × 0.75 allocation
- $7,200
Landscaping (typical)default
$10,000 new × 96% good × 0.75 allocation
- $1,800
Patiosdefault
$2,500 new × 96% good × 0.75 allocation
- $1,800
Decks & porches (attached)default
$2,500 new × 95% good × 0.75 allocation
- $202,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$275,500 new × 98% good × 0.75 allocation
- $20,900
Building plumbing & fixturesdefault
$28,600 new × 98% good × 0.75 allocation
- $21,500
Building electrical & lightingdefault
$29,500 new × 98% good × 0.75 allocation
- $20,300
HVACdefault
$28,600 new × 95% good × 0.75 allocation
- $7,000
Hardwood & tile floorsdefault
$9,800 new × 96% good × 0.75 allocation
- $1,900
Fireplacelisting
$2,600 new × 96% good × 0.75 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $67,000 | $18,300 | $900 | $86,100 |
| 2 | $0 | $0 | $7,000 | $7,000 |
| 3 | $0 | $0 | $7,000 | $7,000 |
| 4 | $0 | $0 | $7,000 | $7,000 |
| 5 | $0 | $0 | $7,000 | $7,000 |
| 6+ | $0 | $0 | $244,900 | $244,900 |
| Total | $67,000 | $18,300 | $273,900 | $359,100 |
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.