11100 Frasure Helber Rd
Logan, OH 43138
$369,500
3 bd · 3 ba · 1,420 sqft · Listed 1d ago
View on Realtor.com →Year built
1998
Sqft
1,420
Lot sqft
96,268
HOA / mo
$0
Furnished
No
List date
2026-10-01T17:49:10.000000Z
Revenue
Annual revenue
$88,905
ADR
$369
Occupancy
66%
Cleaning fees (12 mo)
$13,638
Confidence
Low (20.97), 5 comps
Comp revenue range (p25 / median / p75)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 Hocking Hills Cabin- Hot Tub + Fire Pitt Cabin | 2 bd · 1 ba · sleeps 6 | $59,655 | $345 | 47% | 4.9★ (94) | 0.2 mi | AirbnbVrbo |
 Countryside Home House | 2 bd · 2 ba · sleeps 4 | $22,438 | $220 | 28% | 4.4★ (3) | 0.4 mi | AirbnbVrbo |
 Helber Hills Hideaways + Private Trail I Hot Tubs Cabin | 4 bd · 4 ba · sleeps 14 | $86,647 | $612 | 39% | 3★ (1) | 0.5 mi | AirbnbVrbo |
 Sunset Valley Lodge + Hot Tub I Private Trail Cabin | 4 bd · 3 ba · sleeps 12 | $145,234 | $434 | 92% | 4.4★ (27) | 0.5 mi | AirbnbVrbo |
 Happy Hours Cabin/Hot Tub & Hocking Hills Cabin | 3 bd · 3 ba · sleeps 10 | $17,579 | $417 | 12% | 4.9★ (9) | 0.6 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 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium
Est. revenue
$88,905
NOI
$54,808
Cash flow /mo
$2,528
Cash needed
$126,655
Cash-on-cash
24.0%
ROE (yr 1)
34.5%
Cap rate
14.8%
DSCR
2.24
Year-1 write-off
$83,938
Year-1 tax shield @ 32%
$26,860
Year-1 return on equity
- Cash flow (annual)$30,337
- Principal paydown$2,301
- Appreciation at%$11,085
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)$17,781
- Platform fees (3% of revenue)$2,667
- Maintenance / capex (5% of revenue)$4,445
- Utilities & supplies$4,200
- HOA$0
- Property tax$2,011
- Insurance (STR-rated)$2,993
Cash needed to close
- Down payment (25%)$92,375
- Closing costs (4.0%)$14,780
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$26,860
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
$259,000
Short-life (5/15-yr)
$64,000 · 25%
Year-1 deduction
$84,000
Year-1 tax shield @ 32%
$27,000
Land 30% (county tax record, market value split) · building $195,000 over 39 years · new furniture $20,000
Based on: 1,420 sq ft, built 1998, 3 bd / 3 ba, unfurnished, listing features (deck, stone counters, flooring types, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $54,000 in year 1 (13% short-life, $17,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,400
Kitchen cabinetsdefault
$8,900 new × 40% good × 1.81 allocation
- $6,600
Kitchen countertops (stone)listing
$9,100 new × 40% good × 1.81 allocation
- $1,800
Decorative trimdefault
$2,500 new × 40% good × 1.81 allocation
- $300
Mirrorsdefault
$500 new × 40% good × 1.81 allocation
- $900
Shelvingdefault
$1,200 new × 40% good × 1.81 allocation
- $2,500
Window coverings (14)default
$3,500 new × 40% good × 1.81 allocation
- $6,600
Carpet, vinyl & laminate (100% of floors)listing
$9,100 new × 40% good × 1.81 allocation
- $5,500
Kitchen & laundry equipment plumbingdefault
$6,900 new × 44% good × 1.81 allocation
- $3,300
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 44% good × 1.81 allocation
- $4,100
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 40% good × 1.81 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $7,100
Paving: driveway & walks (paved)default
$7,800 new × 50% good × 1.81 allocation
- $3,400
Landscaping (minimal)listing
$3,800 new × 50% good × 1.81 allocation
- $1,300
Patiosdefault
$1,400 new × 50% good × 1.81 allocation
- $14,400
Decks & porches (attached)listing
$16,000 new × 50% good × 1.81 allocation
- $147,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$153,500 new × 53% good × 1.81 allocation
- $12,700
Building plumbing & fixturesdefault
$15,900 new × 44% good × 1.81 allocation
- $12,100
Building electrical & lightingdefault
$15,300 new × 44% good × 1.81 allocation
- $11,600
HVACdefault
$16,000 new × 40% good × 1.81 allocation
- $10,800
Septic systemlisting
$12,000 new × 50% good × 1.81 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $57,600 | $26,100 | $200 | $83,900 |
| 2 | $0 | $0 | $5,000 | $5,000 |
| 3 | $0 | $0 | $5,000 | $5,000 |
| 4 | $0 | $0 | $5,000 | $5,000 |
| 5 | $0 | $0 | $5,000 | $5,000 |
| 6+ | $0 | $0 | $174,800 | $174,800 |
| Total | $57,600 | $26,100 | $195,000 | $278,800 |
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.