STR Yield
← Back to deals
MortgageCash
18750 Griffith Rd

18750 Griffith Rd

Logan, OH 43138

$349,900

3 bd · 2 ba · 1,344 sqft · Listed 6d ago

View on Realtor.com →
Low confidence

Year built

1995

Sqft

1,344

Lot sqft

212,137

HOA / mo

$0

Furnished

No

List date

2026-11-06T16:34:03.000000Z

Revenue

Annual revenue

$51,189

ADR

$302

Occupancy

46%

Cleaning fees (12 mo)

$8,531

Confidence

High (70.42), 6 comps

Comp revenue range (p25 / median / p75)

$42,052$48,417$62,112

Few similar-size comps were found, so all comps are shown.

Median revenue of shown comps: $48,417

  • The Barn at Griffith Road, Hocking Hills Cabin

    House · 3 bd · 2 ba · sleeps 7 · 364 ft

    • Hot tub
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $40,890ADR $319Occ ≈ 35%4.7★ (106)

    AirbnbVrboBooking

  • StarGaze Retreat

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +3

    Revenue $45,536ADR $325Occ ≈ 38%4.5★ (63)

    AirbnbVrbo

  • Charming 2Bed Cabin in the HEART of Hocking Hills!

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +3

    Revenue $65,717ADR $250Occ ≈ 72%4.9★ (227)

    AirbnbVrbo

  • Arrowhead Lodge | Hocking Hills, Sauna & Hot Tub

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +2

    Revenue $71,833ADR $367Occ ≈ 54%5★ (62)

    Airbnb

  • Old Man's Haven - Cabin 1

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.6 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +3

    Revenue $31,909ADR $212Occ ≈ 41%5★ (44)

    AirbnbVrbo

  • Family Friendly Cabin on Windridge Farm

    Cabin · 4 bd · 1 ba · sleeps 8 · 0.7 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $51,297ADR $256Occ ≈ 55%5★ (242)

    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

Financing
Management

Est. revenue

$51,189

NOI

$27,355

Cash flow /mo

$2,280

Cash needed

$383,396

Cash-on-cash (all cash)

7.1%

ROE (yr 1)

9.9%

Cap rate

7.8%

DSCR

—

Year-1 write-off

$78,311

Year-1 tax shield @ 32%

$25,060

Year-1 return on equity

  • Cash flow (annual)$27,355
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$10,497
ROE9.9%

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)$10,238
  • Platform fees (3% of revenue)$1,536
  • Maintenance / capex (5% of revenue)$2,559
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$2,467
  • Insurance (STR-rated)$2,834

Cash needed to close

  • Purchase price (all cash)$349,900
  • Closing costs (4.0%)$13,996
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$25,060

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

$237,000

Short-life (5/15-yr)

$59,000 · 25%

Year-1 deduction

$78,000

Year-1 tax shield @ 32%

$25,000

Land 32% (county tax record, market value split) · building $179,000 over 39 years · new furniture $20,000

Based on: 1,344 sq ft, built 1995, 3 bd / 2 ba, unfurnished, listing features (deck, flooring types, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $50,000 in year 1 (13% short-life, $16,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$52,300

  • Kitchen cabinetsdefault

    $8,700 new × 40% good × 1.87 allocation

    $6,500

  • Kitchen countertopsdefault

    $7,200 new × 40% good × 1.87 allocation

    $5,300

  • Decorative trimdefault

    $2,400 new × 40% good × 1.87 allocation

    $1,800

  • Mirrorsdefault

    $300 new × 40% good × 1.87 allocation

    $200

  • Shelvingdefault

    $1,200 new × 40% good × 1.87 allocation

    $900

  • Window coverings (13)default

    $3,300 new × 40% good × 1.87 allocation

    $2,400

  • Carpet, vinyl & laminate (50% of floors)listing

    $4,300 new × 40% good × 1.87 allocation

    $3,200

  • Kitchen & laundry equipment plumbingdefault

    $6,800 new × 40% good × 1.87 allocation

    $5,100

  • Kitchen, laundry & data equipment electricaldefault

    $4,100 new × 40% good × 1.87 allocation

    $3,100

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

    $5,700 new × 40% good × 1.87 allocation

    $4,300

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$25,800

  • Paving: driveway & walks (paved)default

    $7,600 new × 50% good × 1.87 allocation

    $7,100

  • Landscaping (minimal)listing

    $3,700 new × 50% good × 1.87 allocation

    $3,400

  • Patiosdefault

    $1,300 new × 50% good × 1.87 allocation

    $1,200

  • Decks & porches (attached)listing

    $15,100 new × 50% good × 1.87 allocation

    $14,100
Building, 39-year$178,700

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

    $145,400 new × 48% good × 1.87 allocation

    $131,000

  • Building plumbing & fixturesdefault

    $15,100 new × 40% good × 1.87 allocation

    $11,300

  • Building electrical & lightingdefault

    $14,300 new × 40% good × 1.87 allocation

    $10,700

  • HVACdefault

    $15,100 new × 40% good × 1.87 allocation

    $11,300

  • Hardwood & tile floorsdefault

    $4,300 new × 40% good × 1.87 allocation

    $3,200

  • Septic systemlisting

    $12,000 new × 50% good × 1.87 allocation

    $11,200

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$52,300$25,800$200$78,300
2$0$0$4,600$4,600
3$0$0$4,600$4,600
4$0$0$4,600$4,600
5$0$0$4,600$4,600
6+$0$0$160,200$160,200
Total$52,300$25,800$178,700$256,800

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

Hocking County STR ordinance pending (annual permit, inspection, $1M liability insurance, driveway standards). Steep/gravel driveways are a cost risk.