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See what your cost segregation study can look like

Explore the complete study behind a real $727,500 rental property. See the results, component analysis and engineering detail before choosing a study for yours.

64-page report 125 asset line items Engineer-prepared
Matthew Gigantelli

Matthew Gigantelli

Lead Cost Segregation Engineer

ASCSP member M009-25

Experience from approximately 8,000 studies completed or reviewed over five years.

Additional first-year depreciation

$141,250.29

Example tax benefit at 37%

$52,262.61

Study fee shown in the sample

$1,600

The report compares the $52,262.61 example tax benefit with the $1,600 study fee, a 32.7-to-1 benefit-to-fee ratio. Your usable tax benefit depends on your tax rate and deduction eligibility. Our team can help you explore the fit.

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Move forward with an engineering study

Get the property-specific asset analysis, documentation and depreciation schedules that support filing. This sample shows the paid engineering work, including the evidence and classification behind the numbers.

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Start with the pages that matter most

Start with the results, allocation and cost support, then explore all 64 pages below. Client details are replaced with placeholders. The public sample replaces three private photo pages with labeled educational illustrations.

Results and study fee

Results, assumptions and study fee

The highlights compare first-year depreciation with and without the study, show the assumed tax rate and disclose the fee. You can trace the benefit back to the underlying deductions.

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Asset allocation

Which assets depreciate faster

The report assigns $90,874.24 to five-year assets and $52,992.99 to fifteen-year improvements. The remaining $388,809.11 stays with the building. The three groups account for the $532,676.35 study basis, with a one-cent rounding difference in the displayed amounts.

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Construction cost detail

How the costs are supported

The cost summary organizes the work by building system. The detail behind it records quantities, published costs, adjustments and the allocation to the property’s basis.

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Named engineer

Who prepared the work

The cover names Matthew Gigantelli and his ASCSP membership identifier. The full narrative documents the scope, methods and signed certification. Client details shown here are placeholders.

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A strong study gives you more than a big deduction

You should be able to follow the numbers, understand the classifications and see who stands behind the work. Here’s what to look for, and what you can inspect in ours.

Property-specific asset detail

More than a percentage. See the component descriptions and recovery periods.

Explore the asset detail
Traceable costs

See the quantities, unit costs and sources behind the allocations.

Explore the cost support
Supported classifications

The scope and authorities explain why components receive different recovery periods.

Explore the methods
A responsible preparer

A named engineer takes responsibility for the analysis.

Read Matthew’s certification
Support after delivery

Our paid studies include lifetime IRS audit-defense assistance.

Built to support your deductions. Backed by our team.

Our engineering work documents the components, costs, classifications and authorities behind your study. If the IRS questions it, we provide lifetime audit-defense assistance. You receive the documentation and expert help to support your study through an IRS review.

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Page 1 of 64

Anonymized engineering study, page 1 of 64

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       Cost Segregation Study


        PREPARED FOR
          John Sample
          John Financial, LLC
        126 Grand Blvd, Township, PA 12345
          Standalone Single Family



        PREPARED BY
         Matthew Gigantelli
         ASCSP member # M009-25
         Modern CFO Group





PUBLIC SAMPLE | Client details anonymized | 1 / 64

Anonymized public version of the source study. Financial figures and engineering detail are retained. Three photo pages are replaced with educational illustrations. Asset and depreciation schedules are separate deliverables.

From the property to a supported depreciation schedule

1. Review the evidence

Property records, available plans and photographs help establish what is there. This source study used documentation supplied by the property manager.

See the study process

2. Explain the allocations

Component quantities, published costs and relevant adjustments connect the assets to the study’s basis. The report explains the methods and authorities behind the classifications.

See how costs connect

3. Deliver work you can use

The narrative explains the analysis. The separate asset and annual depreciation schedules support the filing work. Matthew takes responsibility for the analysis in his certification.

Read Matthew’s certification
See the separate depreciation schedule, 2026 to 2030

This excerpt comes from the accompanying workbook. It shows how each recovery group carries forward after the first year.

Recovery group20262027202820292030
5 year depreciation$90874.24$0.00$0.00$0.00$0.00
15 year depreciation$52992.99$0.00$0.00$0.00$0.00
39 year depreciation$7072.44$9969.07$9969.07$9969.07$9969.07

The source schedule’s 2026 total is $150,939.67, matching the narrative’s first-year depreciation with cost segregation. Displayed component amounts may differ by a cent because of rounding.

125 line items behind the headline

This study identifies individual components, quantities, published unit costs and recovery periods. The allocated value reflects location and condition adjustments and reconciliation to the study basis.

Component Quantity Unit cost Allocated Life
Asphalt paving, on base7,274 sq ft$3.99$24,769.1315 yr
Hardwood plank flooring1,039 sq ft$14.95$13,256.275 yr
Site preparation and improvements21,500 sq ft$0.47$8,623.8415 yr
Hardwood ceiling trim and molding1,020 lin ft$9.71$8,452.485 yr
Flagstone paving400 sq ft$22.02$7,516.9515 yr
Water filtration system1 each$8,075.00$7,035.585 yr
Kitchen base cabinets32 lin ft$250.00$6,827.395 yr
Carpet, medium grade775 sq ft$6.20$4,100.705 yr
Sodded lawn3,000 sq ft$1.33$3,405.1615 yr
Concrete patio446 sq ft$8.45$3,216.3015 yr

Ten of the 125 line items in this study, chosen to show the range. "Allocated" is the amount after reconciliation to the property's actual basis, which is why it does not equal quantity times unit cost.

Published construction cost data, including RS Means and Marshall & Swift, helps support the analysis. The engineering work connects those costs to the property and documents the classifications.

Explore all 125 asset line items

The original descriptions, quantities, cost sources and allocations, rounded for display.

ComponentQuantityUnit costAllocatedYearsCost source
Garage doors, add for electric operator1.00 EA$827.50$706.215MVS 55-6
Exterior window treatment, shutters, plain32.00 SQ FT$17.48$477.375MVS 55-7
Interior Construction, Mezzanine48.00 SQ FT$5.25$215.065MVS 42-3
Window treatment, shades218.00 SQ FT$2.72$506.055MVS 55-7
Floor covering, carpet, medium grade775.00 SQ FT$6.20$4100.705MVS 52-2
Floor covering, add for pad775.00 SQ FT$1.36$899.515MVS 52-2
Floor covering, vinyl, tile or sheet500.00 SQ FT$3.89$1659.915MVS 52-2
Flooring, wood, hardwood plank1039.00 SQ FT$14.95$13256.275MVS 52-2
Molding and trim, ceiling trim, hardwood1020.00 LF$9.71$8452.485MVS 52-2
Interior wall finish, natural wood finish880.00 SQ FT$1.68$1261.705MVS 55-5
Plywood paneling, hardwood 1/4-3/8 in48.00 SQ FT$8.99$368.275MVS 52-3
Shelving, built-in18.00 LF$243.00$3732.875MVS 52-4
Shelving, open, laminate or composite66.00 LF$14.85$836.445MVS 52-4
Shelving, open, wood64.00 LF$17.30$944.915MVS 52-4
Plywood shelving, hardwood 1/4-3/8 in32.00 SQ FT$8.99$245.515MVS 52-3
Cabinets, base, standard32.00 LF$250.00$6827.395MVS 52-4
Cabinets, base, island cabinetry, add 15%4.00 LF$287.50$981.445MVS 52-4
Cabinets, wall, standard33.00 LF$176.00$4956.685MVS 52-4
Countertop or sink top34.00 LF$99.23$2879.305MVS 52-4
Appliance, Range and oven combination1.00 EA$1130.00$964.375MVS 42-7
Appliance, Microwave oven1.00 EA$453.00$386.605MVS 42-7
Appliance, Dishwasher1.00 EA$700.00$597.405MVS 42-7
Appliance, Garbage disposer1.00 EA$230.00$196.295MVS 42-7
Appliance, Refrigerator or freezer2.00 EA$1330.00$2270.115MVS 42-7
Laundry equipment, clothes washer1.00 EA$930.00$793.685MVS 42-8
Laundry equipment, dryer1.00 EA$795.00$678.475MVS 42-8
Plumbing fixtures, sink multibowl, dedicated2.00 EA$1410.00$2457.015MVS 53-9
Plumbing fixtures, dishwasher hook-up1.00 EA$690.00$601.185MVS 53-9
Plumbing fixtures, laundry, dryer vent1.00 EA$269.00$234.375MVS 53-9
Plumbing fixtures, laundry, washer hook-up1.00 EA$430.00$374.655MVS 53-9
Plumbing fixtures, utility / laundry sink, single1.00 EA$820.00$714.455MVS 53-9
Plumbing fixtures, drain, specialty4.00 EA$725.00$2526.715MVS 53-9
Specialty water heater, residential, 40 gal0.60 EA$1196.67$625.585MVS 53-9
Water filtration system, residential complete treatment1.00 EA$8075.00$7035.585MVS 53-9
Electrical outlet, dedicated33.00 EA$98.00$2285.195MVS 54-3
Electrical GFCI outlet, dedicated4.00 EA$113.25$320.105MVS 54-3
Specialty Outlet, low voltage22.00 EA$57.50$893.875MVS 54-3
Electrical circuit, garage disposer (includes switch and receptacle)1.00 EA$260.00$183.725MVS 54-3
Electrical circuit, dryer1.00 EA$355.00$250.855MVS 54-3
Electrical circuit, range and oven1.00 EA$442.00$312.325MVS 54-3
Electrical circuit, water heater, general0.70 EA$347.00$171.645MVS 54-3
Electrical circuit, water heater, dedicated0.30 EA$347.00$73.565MVS 54-3
Building mounted lighting, standard6.00 EA$395.33$1676.085MVS 66-5
Fixture, ceiling fan3.00 EA$167.00$354.015MVS 53-5
Fixture, ceiling fan, with lighting4.00 EA$231.50$654.335MVS 53-5
Service entrance equipment, single-phase 120/240V, dedicated0.72 EA$2625.00$1335.505MVS 54-1
Grounding system, grounding system, dedicated0.72 EA$340.00$172.985MVS 54-1
Electrical service panel, specialty0.72 EA$1062.50$540.565MVS 54-1
Sound system, base cost2.00 EA$1556.67$2657.005MVS 52-6
Add sound system, music and voice18.00 EA$340.33$5228.025MVS 52-6
Site preparation, Site improvements21500.00 SQ FT$0.47$8623.8415MVS 42-1
Paving, asphalt, on base7274.00 SQ FT$3.99$24769.1315MVS 66-2
Fire pit, pavers, custrom15.00 SQ FT$18.88$241.6915MVS 66-2
Paving, flagstone400.00 SQ FT$22.02$7516.9515MVS 66-2
Patio, concrete446.00 SQ FT$8.45$3216.3015MVS 66-2
Concrete equipment pad, package air conditioning compressor pad1.00 EA$423.67$361.5715MVS 66-4
General landscaping585.00 SQ FT$4.25$2121.8215MVS 66-8
Lawns, sodded3000.00 SQ FT$1.33$3405.1615MVS 66-8
Planter boxes, precast concrete42.00 SQ FT$53.33$1911.5515MVS 66-8
Picnic table, 6 ft portable1.00 EA$597.67$510.0715MVS 66-8
Campfire ring1.00 EA$369.00$314.9115MVS 66-8
Excavation, Building7580.00 CU FT$0.64$4140.1339MVS 42-1
Site preparation, Building2375.00 SQ FT$0.47$952.6339MVS 42-1
Concrete Foundation, Class D, siding or stucco, Floor Area4657.00 SQ FT$3.85$15301.4139MVS 42-1
Framing, Bearing Walls, wood support4657.00 SQ FT$2.24$8902.6439MVS 42-1
Floor Structure, Wood, joists and sheathing2240.00 SQ FT$10.00$19116.6839MVS 42-2
Floor Structure, Concrete on ground2375.00 SQ FT$5.96$12080.2139MVS 42-2
Flooring, Vapor barrier2375.00 SQ FT$1.41$2857.9039MVS 42-2
Exterior Walls, Vinyl siding2936.00 SQ FT$24.25$60762.0439MVS 42-5
Exterior Walls, Veneer, stone (rubble/rustic)1056.00 SQ FT$46.00$41455.8939MVS 42-5
Door, Standard, exterior61.20 SQ FT$39.00$2036.9539MVS 55-6
Door, storage34.00 SQ FT$26.50$768.9339MVS 55-6
Door, Storm, exterior20.40 SQ FT$25.08$436.6439MVS 55-6
Door, Glass patio doors, sliding or prefabricated swinging40.80 SQ FT$28.35$987.1439MVS 55-6
Garage doors, two car, overhead, sectional112.00 SQ FT$18.05$1725.2839MVS 55-6
Window, standard259.41 SF$22.70$5025.4739MVS 55-7
Exterior Balconies, Wood150.00 SQ FT$35.25$4512.4839MVS 42-6
Exterior stairs, wood17.00 RISER$145.00$2103.6939MVS 42-6
Roof Structure, Wood, joists and sheathing2735.00 SQ FT$10.00$23341.1339MVS 42-6
Roof Cover, Composition shingles2735.00 SQ FT$4.10$9569.8639MVS 42-6
Gutter or downspout224.00 LF$12.45$2380.0339MVS 57-5
Interior partition, gypsum, taped and painted2181.44 SQ FT$7.21$13422.8039MVS 52-1
Fireplace, Add per additional story of chimney flue2.00 EA$1300.00$2218.9039MVS 42-8
Fireplace, Furnace, With flue2.00 EA$3825.00$6528.6939MVS 42-8
Interior doors, standard149.60 SQ FT$15.45$1972.5339MVS 52-1
Interior doors, bypass or folding39.60 SQ FT$17.43$589.0639MVS 52-1
Interior stairways, wood residential3.00 EA$3875.00$9921.0539MVS 52-1
Floor covering, tile, ceramic or quarry481.00 SQ FT$21.35$8764.1039MVS 52-2
Floor covering, concrete2354.00 SQ FT$2.13$4279.0839MVS 52-2
Molding and trim, floor base, hardwood1250.16 LF$4.61$4918.4839MVS 52-2
Restroom wall finish, ceramic104.00 SQ FT$23.38$2075.1239MVS 55-5
Ceiling, gypsum board, taped and painted1618.00 SQ FT$3.45$4763.8939MVS 52-3
Ceiling, wood boards or T&G, softwood1749.00 SQ FT$6.16$9194.6539MVS 52-3
Restroom cabinet, pullman or vanity base12.50 LF$191.00$2037.5539MVS 52-4
Restroom countertop or sink top, laminated10.00 LF$99.23$846.8539MVS 52-4
Restroom countertop or sink top, marble, cultured with integral sink2.50 LF$146.00$311.5039MVS 52-4
Restroom accessory, towel bar or ring4.00 EA$88.00$300.4139MVS 52-4
Restroom accessory, mirror, unframed40.00 SQ FT$27.25$930.2339MVS 52-4
Equipment, Exhaust fan, bathroom4.00 EA$204.00$696.3939MVS 42-7
HVAC System, Heating and cooling, Heat-pump system2694.00 SQ FT$8.84$20324.2439MVS 42-4
Plumbing fixtures, bathtub1.00 EA$1750.00$1524.7439MVS 53-9
Plumbing fixtures, bathtub fiberglass tub-shower1.00 EA$2700.00$2352.4639MVS 53-9
Plumbing fixtures, shower prefabricated unit1.00 EA$2030.00$1768.7039MVS 53-9
Plumbing fixtures, shower over tub extra hardware1.00 EA$397.00$345.9039MVS 53-9
Plumbing fixtures, water closet, hook-up4.00 EA$1640.00$5715.6039MVS 53-9
Plumbing fixtures, lavatory/sink3.00 EA$1030.00$2692.2539MVS 53-9
Plumbing fixtures, rough-in only per fixture, general1.00 EA$690.00$601.1839MVS 53-9
Plumbing fixtures, drain, general10.00 EA$725.00$6316.7839MVS 53-9
Plumbing fixtures, hose bib1.00 EA$215.00$187.3339MVS 53-9
General water heater, residential, 40 gal1.40 EA$1196.67$1459.6939MVS 53-9
Water softener, standard1.00 EA$2445.00$2130.2839MVS 53-9
Electrical outlet, general15.00 EA$98.00$1038.7239MVS 54-3
Electrical GFCI outlet, general4.00 EA$113.25$320.1039MVS 54-3
Lighting fixture, incandescent, surface, general9.00 EA$197.00$1252.8339MVS 54-3
Lighting fixture, incandescent, recessed or adjustable, general42.00 EA$300.00$8903.3539MVS 54-3
Lighting hook-up, general51.00 EA$98.00$3531.6639MVS 54-3
Lighting hook-up, dedicated13.00 EA$98.00$900.2339MVS 54-3
Service entrance equipment, single-phase 120/240V, general1.28 EA$2625.00$2374.2339MVS 54-1
Grounding system, grounding system, general1.28 EA$340.00$307.5239MVS 54-1
Electrical service panel, general1.28 EA$1062.50$961.0039MVS 54-1
Fire alarm detector, smoke detectors*8.00 EA$229.67$1568.0539MVS 53-12
Patio enclosure, Screened only, fiberglass, removable464.00 LF$47.00$18611.4639MVS 66-2
Water well jet system, deep well and pump1.00 EA$6866.67$5860.1839MVS 17-57
Septic, system1.00 EA$3500.00$2986.9839MVS 53-10
Electrical lateral320.00 LF$9.32$2545.2539MVS 66-1

What you receive with the full study

Engineering narrative and certification

The scope, property facts, methodology, authorities, assumptions and signed certification. This sample’s narrative runs 64 pages.

Asset schedule and depreciation schedules

125 documented line items in this sample, with annual schedules by asset for your tax preparer.

Property evidence and cost detail

Supporting photographs and records, quantities, cost sources, adjustments and reconciliation. For this sample, the property manager supplied sufficient documentation.

A team to help you use the work

Review the result with our team and coordinate filing details with your CPA. Our paid engineering studies include lifetime IRS audit-defense assistance, with documentation and expert support if your study is questioned.

See the opportunity in your own property

Own an Airbnb, multifamily or office property? Our team can help you explore a study for your building.

Start with the free calculator, then have Matthew personally review the property and send you his estimate in a few business days. When you’re ready for a full study, we’ll explain the scope and your property’s quote before work begins.

Trusted by top accounting firms and institutional investors, with 1,000+ five-star reviews. Our team’s experience spans 1,000+ studies and over $1 billion in analyzed real estate.

Study fees generally range from $1,200 to $5,000, depending on the property. This sample lists $1,600. Ask our team for your property’s quote.

Free estimate, no spam. The full engineering study is a separate paid service.

Questions about the study

What does a full cost segregation study include?

An engineer-prepared study documents the property, its components, the cost allocation, the recovery periods and the depreciation schedules. This sample includes a 64-page narrative report and a separate schedule with 125 asset line items. The property photographs, supporting cost detail, methodology and signed certification are part of the full work.

Is the free calculator the same as this engineering study?

The calculator helps you explore potential savings quickly. A full engineering study adds property-specific component analysis, supporting documentation and schedules your tax preparer can use. Matthew can personally review your property and explain the next step before you choose a paid study.

How much tax benefit does this sample show?

The sample shows $150,939.67 of first-year depreciation with cost segregation and $9,689.38 without it. The additional $141,250.29 produces an example tax benefit of $52,262.61 at a 37% tax rate. The report shows a $1,600 study fee. Your own tax benefit depends on your property, tax rate and ability to use the deductions.

Can I see the report pages before choosing a study?

Yes. View all 64 pages online or download the searchable PDF, with no email required. Start with the guided highlights, component detail and Matthew’s certification. This public sample removes client details and replaces private property photographs with labeled educational illustrations.

What happens after I order a study?

Our team reviews the property records and supporting evidence, prepares the engineering analysis and delivers the report and asset schedules. Your tax preparer uses the supported schedules for filing. An accounting-method change and Form 3115 may be appropriate for an existing property, depending on its depreciation history. Our team can coordinate the details with your CPA.

The sample’s property facts

Standalone single-family rental, 2,329 square feet, built in 2006, acquired and placed in service April 9, 2026. The report lists a $727,500 purchase, $224,970 land value and $532,676.35 study basis. These are the source report’s figures; its displayed allocations reconcile to within one cent of that study basis.

Cost segregation can help short-term rental owners bring eligible deductions forward. This sample uses a 39-year recovery period for the remaining building. A single-family or Airbnb property’s recovery period depends on its actual use and classification. That is separate from the activity and participation tests for using rental deductions.

The example tax benefit assumes use of the deductions at 37% and is before study fees, state differences and future sale taxes. Our team can coordinate the tax details with your CPA.

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