2202 Winnebago St
La Crosse, WI 54601
$269,900
3 bd · 1.5 ba · 1,662 sqft · Listed 14d ago
View on Realtor.com →Year built
1950
Sqft
1,662
Lot sqft
6,098
HOA / mo
None
Furnished
No
List date
2026-09-17T15:30:26.000000Z
Revenue
Annual revenue
$36,251
ADR
$231
Occupancy
43%
Cleaning fees (12 mo)
$4,977
Confidence
High (76.44), 7 comps
Comp revenue range (p25 / median / p75)
Close House Craftsman Bungalow(3BR/4BEDS/2FBATH)
Bungalow · 3 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $42,135ADR $224Occ ≈ 52%5★ (51)
Charming Bungalow centrally located - cute porch!
House · 3 bd · 1.5 ba · sleeps 6 · 0.4 mi
Revenue $32,496ADR $310Occ ≈ 29%4.9★ (121)
Cozy Hideaway - Fire places, Jacuzzi & King Beds
Apartment · 3 bd · 2.5 ba · sleeps 6 · 0.5 mi
Revenue $31,226ADR $263Occ ≈ 33%4.8★ (57)
Cozy Victorian Hideaway
Townhouse · 3 bd · 1.5 ba · sleeps 6 · 0.6 mi
Revenue $24,775ADR $169Occ ≈ 40%4.8★ (178)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
NEST - Cozy, Stylish, & Relaxing & Newly updated! House | 3 bd · 1.5 ba · sleeps 6 | $41,930 | $224 | 51% | 5★ (56) | 0.4 mi | AirbnbVrbo |
Close House Craftsman Bungalow(3BR/4BEDS/2FBATH) Bungalow | 3 bd · 2 ba · sleeps 6 | $42,135 | $224 | 52% | 5★ (51) | 0.4 mi | Airbnb |
Downtown Boho Home w/Office, Yoga Studio,King Bed House | 3 bd · 2 ba · sleeps 8 | $47,138 | $262 | 49% | 4.8★ (27) | 0.4 mi | AirbnbVrboBooking |
Charming Bungalow centrally located - cute porch! House | 3 bd · 1.5 ba · sleeps 6 | $32,496 | $310 | 29% | 4.9★ (121) | 0.4 mi | Airbnb |
Cozy Hideaway - Fire places, Jacuzzi & King Beds Apartment | 3 bd · 2.5 ba · sleeps 6 | $31,226 | $263 | 33% | 4.8★ (57) | 0.5 mi | Airbnb |
Cozy Victorian Hideaway Townhouse | 3 bd · 1.5 ba · sleeps 6 | $24,775 | $169 | 40% | 4.8★ (178) | 0.6 mi | Airbnb |
Capeside Cottage House | 3 bd · 1.5 ba · sleeps 6 | $28,117 | $270 | 29% | 4.9★ (136) | 0.7 mi | AirbnbVrbo |
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
$36,251
NOI
$17,035
Cash flow /mo
-$35
Cash needed
$97,771
Cash-on-cash
-0.4%
ROE (yr 1)
9.7%
Cap rate
6.3%
DSCR
0.98
Year-1 write-off
$81,035
Year-1 tax shield @ 32%
$25,931
Year-1 return on equity
- Cash flow (annual)-$418
- Principal paydown$1,766
- Appreciation at%$8,097
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)$7,250
- Platform fees (3% of revenue)$1,088
- Maintenance / capex (5% of revenue)$1,813
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,530
- Insurance (STR-rated)$1,336
Cash needed to close
- Down payment (25%)$67,475
- Closing costs (4.0%)$10,796
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$25,931
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
$217,000
Short-life (5/15-yr)
$61,000 · 28%
Year-1 deduction
$81,000
Year-1 tax shield @ 32%
$26,000
Land 19% (county tax record, assessed value split) · building $156,000 over 39 years · new furniture $20,000
Based on: 1,662 sq ft, built 1950, 3 bd / 1.5 ba, unfurnished, listing features (deck, fireplace, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $53,000 in year 1 (15% short-life, $17,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,000
Kitchen cabinetsdefault
$9,400 new × 40% good × 1.60 allocation
- $4,900
Kitchen countertopsdefault
$7,700 new × 40% good × 1.60 allocation
- $1,900
Decorative trimdefault
$2,900 new × 40% good × 1.60 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 1.60 allocation
- $800
Shelvingdefault
$1,200 new × 40% good × 1.60 allocation
- $2,700
Window coverings (17)default
$4,300 new × 40% good × 1.60 allocation
- $2,700
Carpet, vinyl & laminate (40% of floors)default
$4,300 new × 40% good × 1.60 allocation
- $4,700
Kitchen & laundry equipment plumbingdefault
$7,300 new × 40% good × 1.60 allocation
- $2,800
Kitchen, laundry & data equipment electricaldefault
$4,400 new × 40% good × 1.60 allocation
- $4,900
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 1.60 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,700
Paving: driveway & walks (paved)listing
$8,500 new × 50% good × 1.60 allocation
- $6,500
Landscaping (typical)default
$8,100 new × 50% good × 1.60 allocation
- $1,300
Patiosdefault
$1,600 new × 50% good × 1.60 allocation
- $14,900
Decks & porches (attached)listing
$18,700 new × 50% good × 1.60 allocation
- $115,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$180,200 new × 40% good × 1.60 allocation
- $11,900
Building plumbing & fixturesdefault
$18,700 new × 40% good × 1.60 allocation
- $11,700
Building electrical & lightingdefault
$18,300 new × 40% good × 1.60 allocation
- $12,000
HVACdefault
$18,700 new × 40% good × 1.60 allocation
- $4,100
Hardwood & tile floorsdefault
$6,400 new × 40% good × 1.60 allocation
- $1,700
Fireplacelisting
$2,600 new × 40% good × 1.60 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $51,100 | $29,500 | $500 | $81,000 |
| 2 | $0 | $0 | $4,000 | $4,000 |
| 3 | $0 | $0 | $4,000 | $4,000 |
| 4 | $0 | $0 | $4,000 | $4,000 |
| 5 | $0 | $0 | $4,000 | $4,000 |
| 6+ | $0 | $0 | $139,900 | $139,900 |
| Total | $51,100 | $29,500 | $156,400 | $237,000 |
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.