1313 Hagar St
La Crosse, WI 54603
$266,500
2 bd · 2 ba · 968 sqft · Listed 1d ago
View on Realtor.com →Year built
2023
Sqft
968
Lot sqft
—
HOA / mo
$245
Furnished
No
List date
2026-10-23T12:12:13.000000Z
Revenue
Annual revenue
$16,172
ADR
$139
Occupancy
32%
Cleaning fees (12 mo)
$1,255
Confidence
Low (—), 4 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $15,593
2 Bedrooms! Great Location! Country in the City!
Apartment · 2 bd · 1 ba · sleeps 4 · 0.3 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $18,380ADR $140Occ ≈ 36%5★ (70)
Heart of La Crosse
Apartment · 2 bd · 1 ba · sleeps 4 · 0.5 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +1
Revenue $15,180ADR $130Occ ≈ 32%4.2★ (32)
Cozy & clean
Apartment · 2 bd · 1 ba · sleeps 4 · 0.6 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +1
Revenue $16,006ADR $139Occ ≈ 32%3.1★ (6)
Clean & Cozy
Apartment · 2 bd · 1 ba · sleeps 6 · 0.6 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $13,788ADR $145Occ ≈ 26%4.1★ (38)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
2 Bedrooms! Great Location! Country in the City! Apartment
| 2 bd · 1 ba · sleeps 4 | $18,380 | $140 | 36% | 5★ (70) | 0.3 mi | Airbnb |
Heart of La Crosse Apartment
| 2 bd · 1 ba · sleeps 4 | $15,180 | $130 | 32% | 4.2★ (32) | 0.5 mi | Airbnb |
Cozy & clean Apartment
| 2 bd · 1 ba · sleeps 4 | $16,006 | $139 | 32% | 3.1★ (6) | 0.6 mi | Airbnb |
Clean & Cozy Apartment
| 2 bd · 1 ba · sleeps 6 | $13,788 | $145 | 26% | 4.1★ (38) | 0.6 mi | Vrbo |
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
$16,172
NOI
-$472
Cash flow /mo
-$1,516
Cash needed
$93,285
Cash-on-cash
-19.5%
ROE (yr 1)
-9.2%
Cap rate
-0.2%
DSCR
-0.03
Year-1 write-off
$67,061
Year-1 tax shield @ 32%
$21,459
Year-1 return on equity
- Cash flow (annual)-$18,189
- Principal paydown$1,647
- Appreciation at%$7,995
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)$3,234
- Platform fees (3% of revenue)$485
- Maintenance / capex (5% of revenue)$809
- Utilities & supplies$4,200
- HOA$2,940
- Property tax$3,657
- Insurance (STR-rated)$1,319
Cash needed to close
- Down payment (25%)$66,625
- Closing costs (4.0%)$10,660
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$21,459
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
$250,000
Short-life (5/15-yr)
$51,000 · 20%
Year-1 deduction
$67,000
Year-1 tax shield @ 32%
$21,000
Land 6% (county tax record, assessed value split) · building $199,000 over 39 years · new furniture $16,000
Based on: 968 sq ft, built 2023, 2 bd / 2 ba, unfurnished, listing features (fireplace, stone counters, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $42,000 in year 1 (10% short-life, $14,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $10,400
Kitchen cabinetsdefault
$7,900 new × 88% good × 1.49 allocation
- $10,600
Kitchen countertops (stone)listing
$8,100 new × 88% good × 1.49 allocation
- $2,200
Decorative trimdefault
$1,700 new × 88% good × 1.49 allocation
- $300
Mirrorsdefault
$300 new × 75% good × 1.49 allocation
- $1,200
Shelvingdefault
$900 new × 88% good × 1.49 allocation
- $2,600
Window coverings (10)default
$2,500 new × 70% good × 1.49 allocation
- $2,800
Carpet, vinyl & laminate (40% of floors)default
$2,500 new × 75% good × 1.49 allocation
- $8,600
Kitchen & laundry equipment plumbingdefault
$6,200 new × 94% good × 1.49 allocation
- $5,200
Kitchen, laundry & data equipment electricaldefault
$3,700 new × 94% good × 1.49 allocation
- $6,800
Appliances (range, microwave, dishwasher, disposal, refrigerator)listing
$6,100 new × 75% good × 1.49 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $148,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$104,600 new × 95% good × 1.49 allocation
- $15,200
Building plumbing & fixturesdefault
$10,800 new × 94% good × 1.49 allocation
- $13,400
Building electrical & lightingdefault
$9,500 new × 94% good × 1.49 allocation
- $13,800
HVACdefault
$10,900 new × 85% good × 1.49 allocation
- $4,900
Hardwood & tile floorsdefault
$3,700 new × 88% good × 1.49 allocation
- $3,500
Fireplacelisting
$2,600 new × 88% good × 1.49 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $66,800 | $0 | $200 | $67,100 |
| 2 | $0 | $0 | $5,100 | $5,100 |
| 3 | $0 | $0 | $5,100 | $5,100 |
| 4 | $0 | $0 | $5,100 | $5,100 |
| 5 | $0 | $0 | $5,100 | $5,100 |
| 6+ | $0 | $0 | $178,300 | $178,300 |
| Total | $66,800 | $0 | $198,900 | $265,700 |
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.