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W5240 US Highway 14 61

W5240 US Highway 14 61

Shelby, WI 54601

$399,900

3 bd · 2 ba · 2,006 sqft · Listed 21d ago

View on Realtor.com →
Low confidenceEst. land %

Year built

1974

Sqft

2,006

Lot sqft

207,346

HOA / mo

None

Furnished

No

List date

2026-09-10T15:55:01.000000Z

Revenue

Annual revenue

$26,529

ADR

$188

Occupancy

39%

Cleaning fees (12 mo)

$3,248

Confidence

Low (1.52), 5 comps

Comp revenue range (p25 / median / p75)

$1,852$12,271$34,945

  • Large Secluded Country Home Minutes from Town

    House · 4 bd · 2 ba · sleeps 12 · 0.8 mi

    Revenue $34,977ADR $220Occ ≈ 44%5★ (221)

    AirbnbVrbo

  • Wilson Schoolhouse Inn

    House · 2 bd · 2 ba · sleeps 8 · 1.4 mi

    Revenue $34,945ADR $180Occ ≈ 53%5★ (195)

    AirbnbVrbo

  • Sunlit & spacious home in a quiet, natural setting

    House · 4 bd · 3.5 ba · sleeps 9 · 1.7 mi

    Revenue $12,271ADR $268Occ ≈ 13%4.6★ (42)

    AirbnbVrbo

  • 1 or 2 bedroom, and own bathroom. Shared kitchen.

    House · 2 bd · 1 ba · sleeps 2 · 1.9 mi

    Revenue $1,852ADR $99Occ ≈ 5%—

    Airbnb

  • Cozy Hillside Hideaway

    House · 2 bd · 1 ba · sleeps 4 · 1.9 mi

    Revenue $1,527ADR $146Occ ≈ 3%5★ (2)

    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

Est. revenue

$26,529

NOI

$8,745

Cash flow /mo

$729

Cash needed

$441,396

Cash-on-cash (all cash)

2.0%

ROE (yr 1)

4.7%

Cap rate

2.2%

DSCR

—

Year-1 write-off

$106,553

Year-1 tax shield @ 32%

$34,097

Year-1 return on equity

  • Cash flow (annual)$8,745
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$11,997
ROE4.7%

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)$5,306
  • Platform fees (3% of revenue)$796
  • Maintenance / capex (5% of revenue)$1,326
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$4,176
  • Insurance (STR-rated)$1,980

Cash needed to close

  • Purchase price (all cash)$399,900
  • Closing costs (4.0%)$15,996
  • Furnishing (bought new)$25,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$34,097

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

$328,000

Short-life (5/15-yr)

$80,000 · 24%

Year-1 deduction

$107,000

Year-1 tax shield @ 32%

$34,000

Land 18% (market default, no usable tax-record split) · building $248,000 over 39 years · new furniture $26,000

Based on: 2,006 sq ft, built 1974, 3 bd / 2 ba, unfurnished, listing features (deck, game room, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $66,000 in year 1 (12% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$63,900

  • Kitchen cabinetsdefault

    $10,200 new × 40% good × 1.96 allocation

    $8,000

  • Kitchen countertopsdefault

    $8,300 new × 40% good × 1.96 allocation

    $6,500

  • Decorative trimdefault

    $3,500 new × 40% good × 1.96 allocation

    $2,800

  • Mirrorsdefault

    $300 new × 40% good × 1.96 allocation

    $200

  • Shelvingdefault

    $1,200 new × 40% good × 1.96 allocation

    $900

  • Window coverings (20)default

    $5,000 new × 40% good × 1.96 allocation

    $3,900

  • Kitchen & laundry equipment plumbingdefault

    $7,900 new × 40% good × 1.96 allocation

    $6,200

  • Kitchen, laundry & data equipment electricaldefault

    $4,800 new × 40% good × 1.96 allocation

    $3,800

  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 1.96 allocation

    $6,000

  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500

  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$41,900

  • Paving: driveway & walks (paved)listing

    $9,300 new × 50% good × 1.96 allocation

    $9,100

  • Landscaping (typical)default

    $8,900 new × 50% good × 1.96 allocation

    $8,700

  • Patiosdefault

    $2,000 new × 50% good × 1.96 allocation

    $1,900

  • Decks & porches (attached)listing

    $22,600 new × 50% good × 1.96 allocation

    $22,100
Building, 39-year$247,700

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $217,700 new × 40% good × 1.96 allocation

    $170,600

  • Building plumbing & fixturesdefault

    $22,600 new × 40% good × 1.96 allocation

    $17,700

  • Building electrical & lightingdefault

    $22,700 new × 40% good × 1.96 allocation

    $17,800

  • HVACdefault

    $22,600 new × 40% good × 1.96 allocation

    $17,700

  • Hardwood & tile floorsdefault

    $12,900 new × 40% good × 1.96 allocation

    $10,100

  • Fireplacelisting

    $2,600 new × 40% good × 1.96 allocation

    $2,100

  • Septic systemlisting

    $12,000 new × 50% good × 1.96 allocation

    $11,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$63,900$41,900$800$106,600
2$0$0$6,400$6,400
3$0$0$6,400$6,400
4$0$0$6,400$6,400
5$0$0$6,400$6,400
6+$0$0$221,500$221,500
Total$63,900$41,900$247,700$353,400

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.