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24646 Woltz Rd

24646 Woltz Rd

Rockbridge, OH 43149

$650,000

5 bd · 3 ba · 2,448 sqft · Listed 1d ago

View on Realtor.com →

Year built

1998

Sqft

2,448

Lot sqft

1,001,880

HOA / mo

$0

Furnished

No

List date

2026-10-02T13:21:38.000000Z

Revenue

Annual revenue

$144,411

ADR

$688

Occupancy

58%

Cleaning fees (12 mo)

$16,063

Confidence

High (76.63), 23 comps

Comp revenue range (p25 / median / p75)

$126,453$137,291$154,094

Median revenue of shown comps: $137,291

  • Buck Run | Hocking Hills, 5BR, Pool Table, Hot Tub

    Cabin · 5 bd · 3 ba · sleeps 12 · 0.9 mi

    Revenue $91,421ADR $508Occ ≈ 49%5★ (57)

    AirbnbVrbo

  • Secluded cabin in Rockbridge, OH

    House · 5 bd · 3 ba · sleeps 12 · 0.9 mi

    Revenue $59,870ADR $730Occ ≈ 22%4.9★ (15)

    AirbnbVrboBooking

  • Adamina Canyon Luxurious, Canyon View 5BR 3BTH 8

    Villa · 5 bd · 3 ba · sleeps 12 · 1.1 mi

    Revenue $141,237ADR $602Occ ≈ 64%—

    Booking

  • Adamina Villa 7 - Cozy Hills Escape w/ Hot Tub

    House · 5 bd · 3 ba · sleeps 12 · 1.2 mi

    Revenue $121,144ADR $803Occ ≈ 41%4.8★ (4)

    AirbnbVrbo

  • Adamina Canyon-Luxurious, Canyon View 5BR/3BTH- #6

    House · 5 bd · 3 ba · sleeps 12 · 1.2 mi

    Revenue $132,608ADR $727Occ ≈ 50%5★ (40)

    AirbnbVrbo

  • Adamina Canyon-Luxurious Villa with Wellness room

    House · 5 bd · 3 ba · sleeps 12 · 1.2 mi

    Revenue $159,111ADR $700Occ ≈ 62%5★ (40)

    AirbnbVrbo

  • Adamina Villa 6-Near Ziplines &Rockbridge Preserve

    House · 5 bd · 3 ba · sleeps 12 · 1.2 mi

    Revenue $149,076ADR $937Occ ≈ 44%4.5★ (2)

    AirbnbVrbo

  • Adamina Canyon- Luxurious, Brand New 5BR/3BTH - #7

    House · 5 bd · 3 ba · sleeps 12 · 1.2 mi

    Revenue $137,291ADR $782Occ ≈ 48%5★ (49)

    Airbnb

  • Grand Bentley | Hocking Hills, Pool & Theater

    Cabin · 5 bd · 3.5 ba · sleeps 13 · 1.3 mi

    Revenue $172,790ADR $997Occ ≈ 47%4.8★ (47)

    AirbnbVrbo

  • Adamina Canyon Luxurious 5BR 3BTH 2

    Villa · 5 bd · 3 ba · sleeps 12 · 1.3 mi

    Revenue $140,661ADR $553Occ ≈ 70%5★ (2)

    Booking

Show 13 more
  • Adamina Canyon Luxurious, Canyon View 5BR, 3BTH 1

    Villa · 5 bd · 3 ba · sleeps 12 · 1.3 mi

    Revenue $160,793ADR $698Occ ≈ 63%5★ (3)

    Booking

  • Adamina Canyon-Luxurious, Canyon View 5BR/3BTH- #1

    House · 5 bd · 3 ba · sleeps 12 · 1.3 mi

    Revenue $135,112ADR $708Occ ≈ 52%4.8★ (37)

    Airbnb

  • Adamina Canyon-Luxurious, Canyon View 5BR/3BTH- #3

    House · 5 bd · 3 ba · sleeps 12 · 1.3 mi

    Revenue $128,226ADR $684Occ ≈ 51%4.9★ (30)

    Airbnb

  • Adamina Canyon- Luxurious 5BR/3BTH- #2

    House · 5 bd · 3 ba · sleeps 12 · 1.3 mi

    Revenue $136,558ADR $714Occ ≈ 52%4.8★ (21)

    Airbnb

  • Adamina Canyon-Luxurious, Canyon View 5BR/3BTH- #8

    House · 5 bd · 3 ba · sleeps 12 · 1.3 mi

    Revenue $178,147ADR $753Occ ≈ 65%5★ (71)

    AirbnbVrboBooking

  • Adamina Villa 4 - Near Caves & Waterfalls

    House · 5 bd · 3 ba · sleeps 12 · 1.3 mi

    Revenue $114,857ADR $805Occ ≈ 39%5★ (7)

    AirbnbVrboBooking

  • Adamina Canyon-Luxurious, Canyon View 5BR/3BTH- #4

    House · 5 bd · 3 ba · sleeps 12 · 1.4 mi

    Revenue $145,146ADR $769Occ ≈ 52%5★ (32)

    AirbnbBooking

  • Adamina Canyon-Luxurious, Canyon View 5BR/3BTH- #3

    House · 5 bd · 3 ba · sleeps 12 · 1.4 mi

    Revenue $131,084ADR $7,280Occ ≈ 5%—

    Airbnb

  • Adamina Villa 2 - Hot Tub&Grill- Near Canopy Tours

    House · 5 bd · 3 ba · sleeps 12 · 1.4 mi

    Revenue $182,413ADR $4,558Occ ≈ 11%—

    Airbnb

  • Adamina Villa 1-Luxurious Cabin | Hot Tub&Fire Pit

    House · 5 bd · 3 ba · sleeps 12 · 1.4 mi

    Revenue $192,947ADR $1,037Occ ≈ 51%4.5★ (6)

    AirbnbVrbo

  • Adamina Canyon-Luxurious, Canyon View 5BR/3BTH- #8

    House · 5 bd · 3 ba · sleeps 12 · 1.4 mi

    Revenue $148,427ADR $1,082Occ ≈ 38%4.8★ (5)

    AirbnbBooking

  • Spacious & Scenic Gem: Hot Tub, Deck, Views, Games

    House · 5 bd · 3 ba · sleeps 16 · 1.6 mi

    Revenue $73,769ADR $844Occ ≈ 24%4.8★ (130)

    AirbnbVrbo

  • Remodeled Cabin - Hot Tub, Treehouse, Game Room

    Cabin · 5 bd · 3 ba · sleeps 15 · 2.1 mi

    Revenue $124,679ADR $596Occ ≈ 57%4.8★ (183)

    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

$144,411

NOI

$88,953

Cash flow /mo

$7,413

Cash needed

$702,500

Cash-on-cash (all cash)

12.7%

ROE (yr 1)

15.4%

Cap rate

13.7%

DSCR

—

Year-1 write-off

$126,021

Year-1 tax shield @ 32%

$40,327

Year-1 return on equity

  • Cash flow (annual)$88,953
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$19,500
ROE15.4%

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)$28,882
  • Platform fees (3% of revenue)$4,332
  • Maintenance / capex (5% of revenue)$7,221
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$5,558
  • Insurance (STR-rated)$5,265

Cash needed to close

  • Purchase price (all cash)$650,000
  • Closing costs (4.0%)$26,000
  • Furnishing (bought new)$26,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$40,327

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

$466,000

Short-life (5/15-yr)

$99,000 · 21%

Year-1 deduction

$126,000

Year-1 tax shield @ 32%

$40,000

Land 28% (county tax record, market value split) · building $367,000 over 39 years · new furniture $27,000

Based on: 2,448 sq ft, built 1998, 5 bd / 3 ba, unfurnished, listing features (deck, patio, fence, fireplace, flooring types, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $79,000 in year 1 (11% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$68,000
  • Kitchen cabinetsdefault

    $11,200 new × 40% good × 1.93 allocation

    $8,600
  • Kitchen countertopsdefault

    $9,100 new × 40% good × 1.93 allocation

    $7,000
  • Decorative trimdefault

    $4,300 new × 40% good × 1.93 allocation

    $3,300
  • Mirrorsdefault

    $500 new × 40% good × 1.93 allocation

    $300
  • Shelvingdefault

    $1,800 new × 40% good × 1.93 allocation

    $1,400
  • Window coverings (24)default

    $6,000 new × 40% good × 1.93 allocation

    $4,600
  • Kitchen & laundry equipment plumbingdefault

    $8,700 new × 44% good × 1.93 allocation

    $7,400
  • Kitchen, laundry & data equipment electricaldefault

    $5,300 new × 44% good × 1.93 allocation

    $4,500
  • Appliances (range, microwave, dishwasher, refrigerator)listing

    $5,700 new × 40% good × 1.93 allocation

    $4,400
  • Furniture bought newlisting

    $26,500 new × 100% good · bought separately

    $26,500
15-year land improvements$57,600
  • Paving: driveway & walks (paved)default

    $10,300 new × 50% good × 1.93 allocation

    $9,900
  • Landscaping (minimal)listing

    $4,900 new × 50% good × 1.93 allocation

    $4,800
  • Patioslisting

    $11,000 new × 50% good × 1.93 allocation

    $10,600
  • Decks & porches (attached)listing

    $27,500 new × 50% good × 1.93 allocation

    $26,500
  • Fencinglisting

    $6,000 new × 50% good × 1.93 allocation

    $5,800
Building, 39-year$367,100
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $265,200 new × 53% good × 1.93 allocation

    $272,700
  • Building plumbing & fixturesdefault

    $27,600 new × 44% good × 1.93 allocation

    $23,400
  • Building electrical & lightingdefault

    $28,300 new × 44% good × 1.93 allocation

    $24,000
  • HVACdefault

    $27,600 new × 40% good × 1.93 allocation

    $21,300
  • Hardwood & tile floorsdefault

    $15,800 new × 40% good × 1.93 allocation

    $12,100
  • Fireplacelisting

    $2,600 new × 40% good × 1.93 allocation

    $2,000
  • Septic systemlisting

    $12,000 new × 50% good × 1.93 allocation

    $11,600

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$68,000$57,600$400$126,000
2$0$0$9,400$9,400
3$0$0$9,400$9,400
4$0$0$9,400$9,400
5$0$0$9,400$9,400
6+$0$0$329,100$329,100
Total$68,000$57,600$367,100$492,700

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.