1005 Church St
Logan, OH 43138
$280,000
3 bd · 2 ba · 1,462 sqft · Listed 1d ago
View on Realtor.com →Year built
1915
Sqft
1,462
Lot sqft
6,098
HOA / mo
$158
Furnished
No
List date
2026-10-28T12:42:08.000000Z
Revenue
Annual revenue
$34,144
ADR
$176
Occupancy
53%
Cleaning fees (12 mo)
$4,194
Confidence
Low (37.6), 5 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $38,250
Logan, Ohio in the Heart of Hocking Hills, pool table, king size bed, Hot Tub
House · 3 bd · 2 ba · sleeps 6 · 0.1 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $46,900ADR $264Occ ≈ 49%5★ (21)
3 Bedroom in Hocking Hills w King Bed Logan Ohio
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $38,250ADR $258Occ ≈ 41%4.8★ (5)
Pet Friendly, 3BR Retreat, King Bed & Hot Tub
House · 3 bd · 2 ba · sleeps 6 · 0.1 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $39,455ADR $222Occ ≈ 49%5★ (130)
Peaceful 3 Bedroom Getaway Home
House · 3 bd · 1 ba · sleeps 6 · 0.3 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $17,328ADR $218Occ ≈ 22%4.9★ (101)
Charming Victorian Home
House · 3 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $3,270ADR $183Occ ≈ 5%5★ (2)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Logan, Ohio in the Heart of Hocking Hills, pool table, king size bed, Hot Tub House
| 3 bd · 2 ba · sleeps 6 | $46,900 | $264 | 49% | 5★ (21) | 0.1 mi | Vrbo |
3 Bedroom in Hocking Hills w King Bed Logan Ohio Vacation home | 3 bd · 2 ba · sleeps 6 | $38,250 | $258 | 41% | 4.8★ (5) | 0.1 mi | Booking |
Pet Friendly, 3BR Retreat, King Bed & Hot Tub House
| 3 bd · 2 ba · sleeps 6 | $39,455 | $222 | 49% | 5★ (130) | 0.1 mi | Airbnb |
Peaceful 3 Bedroom Getaway Home House
| 3 bd · 1 ba · sleeps 6 | $17,328 | $218 | 22% | 4.9★ (101) | 0.3 mi | Airbnb |
Charming Victorian Home House | 3 bd · 1 ba · sleeps 4 | $3,270 | $183 | 5% | 5★ (2) | 0.6 mi | Delisted |
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
Est. revenue
$34,144
NOI
$14,514
Cash flow /mo
$1,209
Cash needed
$310,700
Cash-on-cash (all cash)
4.7%
ROE (yr 1)
7.4%
Cap rate
5.2%
DSCR
—
Year-1 write-off
$91,381
Year-1 tax shield @ 32%
$29,242
Year-1 return on equity
- Cash flow (annual)$14,514
- Principal paydown (n/a, cash)$0
- Appreciation at%$8,400
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)$6,829
- Platform fees (3% of revenue)$1,024
- Maintenance / capex (5% of revenue)$1,707
- Utilities & supplies$4,200
- HOA$1,896
- Property tax$1,706
- Insurance (STR-rated)$2,268
Cash needed to close
- Purchase price (all cash)$280,000
- Closing costs (4.0%)$11,200
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$29,242
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
$235,000
Short-life (5/15-yr)
$72,000 · 31%
Year-1 deduction
$91,000
Year-1 tax shield @ 32%
$29,000
Land 16% (county tax record, market value split) · building $163,000 over 39 years · new furniture $20,000
Based on: 1,462 sq ft, built 1915, 3 bd / 2 ba, unfurnished, listing features (deck, fence, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $60,000 in year 1 (17% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,900
Kitchen cabinetsdefault
$9,000 new × 40% good × 1.92 allocation
- $5,700
Kitchen countertopsdefault
$7,400 new × 40% good × 1.92 allocation
- $2,000
Decorative trimdefault
$2,600 new × 40% good × 1.92 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.92 allocation
- $900
Shelvingdefault
$1,200 new × 40% good × 1.92 allocation
- $2,900
Window coverings (15)default
$3,800 new × 40% good × 1.92 allocation
- $2,900
Carpet, vinyl & laminate (40% of floors)default
$3,800 new × 40% good × 1.92 allocation
- $5,400
Kitchen & laundry equipment plumbingdefault
$7,000 new × 40% good × 1.92 allocation
- $3,200
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 40% good × 1.92 allocation
- $3,800
Appliances (range, dishwasher, refrigerator)listing
$5,000 new × 40% good × 1.92 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $7,600
Paving: driveway & walks (paved)default
$7,900 new × 50% good × 1.92 allocation
- $7,300
Landscaping (typical)default
$7,600 new × 50% good × 1.92 allocation
- $1,400
Patiosdefault
$1,400 new × 50% good × 1.92 allocation
- $15,800
Decks & porches (attached)listing
$16,400 new × 50% good × 1.92 allocation
- $5,800
Fencinglisting
$6,000 new × 50% good × 1.92 allocation
- $121,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$158,200 new × 40% good × 1.92 allocation
- $12,600
Building plumbing & fixturesdefault
$16,400 new × 40% good × 1.92 allocation
- $12,100
Building electrical & lightingdefault
$15,800 new × 40% good × 1.92 allocation
- $12,600
HVACdefault
$16,500 new × 40% good × 1.92 allocation
- $4,300
Hardwood & tile floorsdefault
$5,600 new × 40% good × 1.92 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $53,400 | $37,800 | $200 | $91,400 |
| 2 | $0 | $0 | $4,200 | $4,200 |
| 3 | $0 | $0 | $4,200 | $4,200 |
| 4 | $0 | $0 | $4,200 | $4,200 |
| 5 | $0 | $0 | $4,200 | $4,200 |
| 6+ | $0 | $0 | $146,200 | $146,200 |
| Total | $53,400 | $37,800 | $163,100 | $254,300 |
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.