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Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium

14271 Chicory Ln

14271 Chicory Ln

Rockbridge, OH 43149

$875,000

4 bd · 2 ba · 1,608 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

1973

Sqft

1,608

Lot sqft

63,162

HOA / mo

$100

Furnished

No

List date

2026-10-16T23:15:13.000000Z

Revenue

Annual revenue

$43,248

ADR

$250

Occupancy

47%

Cleaning fees (12 mo)

$5,390

Confidence

Med (57.51), 21 comps

Comp revenue range (p25 / median / p75)

$30,173$42,280$59,121

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

Median revenue of shown comps: $42,280

  • Chicory Cabin

    Cabin · 3 bd · 2 ba · sleeps 8 · 305 ft

    Revenue $18,270ADR $320Occ ≈ 16%4.5★ (10)

    Airbnb

  • Deerberry Cottage (Hocking Hills Area)

    Cottage · 3 bd · 1 ba · sleeps 7 · 0.1 mi

    Revenue $28,028ADR $265Occ ≈ 29%4.7★ (114)

    AirbnbVrbo

  • Deerberry Ridge (Hocking Hills Area)

    Cottage · 3 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $25,418ADR $284Occ ≈ 25%4.8★ (142)

    AirbnbVrbo

  • Peaceful Hocking Hills Cabin with Hot Tub & Lake

    Cabin · 3 bd · 1 ba · sleeps 6 · 0.2 mi

    Revenue $42,280ADR $300Occ ≈ 39%5★ (34)

    AirbnbVrbo

  • Mountainside Cabin, Secluded, Hot Tub, Lake Access

    Cabin · 3 bd · 1 ba · sleeps 6 · 0.2 mi

    Revenue $9,756ADR $298Occ ≈ 9%4.9★ (100)

    AirbnbVrboBooking

  • Pet-Friendly Paradise A-Frame w/Lake Views Hot Tub

    House · 3 bd · 1 ba · sleeps 6 · 0.3 mi

    Revenue $38,372ADR $1,640Occ ≈ 6%4.5★ (4)

    Airbnb

  • The Chestnut - Hocking Hills Lakeside Oasis!

    House · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $67,256ADR $284Occ ≈ 65%4.9★ (209)

    AirbnbVrbo

  • Lakefront with Lake Access•Hot Tub•Firepit•Pets

    House · 3 bd · 1 ba · sleeps 6 · 0.3 mi

    Revenue $52,401ADR $372Occ ≈ 39%4.7★ (71)

    AirbnbVrboBooking

  • Waterfront A- Frame with Dock, Canoe + Kayaks

    Vacation home · 3 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $75,865ADR $343Occ ≈ 61%—

    Booking

  • Red Door Lake House, Hocking Hills, Kayaks,Hot Tub

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.3 mi

    Revenue $76,750ADR $424Occ ≈ 50%5★ (220)

    AirbnbVrbo

Show 11 more
  • Gayles - Lakeview Cottage

    Cottage · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $30,173ADR $272Occ ≈ 30%4.8★ (136)

    AirbnbVrbo

  • Fireplace Lake View Hot Tub Firepit Pet-Friendly

    House · 3 bd · 1 ba · sleeps 6 · 0.4 mi

    Revenue $28,217ADR $364Occ ≈ 21%5★ (2)

    Airbnb

  • The Roosevelt - Hot Tub, Family Fun & Walk-to Lake

    Cabin · 3 bd · 1.5 ba · sleeps 8 · 0.4 mi

    Revenue $78,502ADR $260Occ ≈ 83%4.9★ (359)

    AirbnbVrbo

  • Cozy A-frame + HotTub + Fireplace + Pond + FirePit

    Cabin · 3 bd · 1 ba · sleeps 6 · 0.4 mi

    Revenue $59,121ADR $308Occ ≈ 53%4.8★ (92)

    AirbnbVrbo

  • Secluded Chalet | Fire Pit | Hot Tub | King Bed

    Chalet · 3 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $59,709ADR $384Occ ≈ 43%4.8★ (30)

    AirbnbVrbo

  • Cabin in Hocking County

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $50,029ADR $319Occ ≈ 43%4.9★ (8)

    Vrbo

  • Lake Life A-frame + Barefoot Bungalow

    Cabin · 3 bd · 1 ba · sleeps 8 · 0.5 mi

    Revenue $56,564ADR $294Occ ≈ 53%4.5★ (45)

    AirbnbVrboBooking

  • Monarch Pond Cabin Hocking Hills, Ohio

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $39,335ADR $241Occ ≈ 45%4.8★ (162)

    Airbnb

  • Trillium Ridge, Hocking Hills Area

    House · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $39,586ADR $259Occ ≈ 42%4.8★ (86)

    AirbnbBooking

  • Spacious cabin near Hocking Hills State Park

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $34,961ADR $216Occ ≈ 44%4.8★ (9)

    Vrbo

  • Secluded Rustic Retreat, Hot Tub, & Fire Pit

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $51,939ADR $258Occ ≈ 55%4.8★ (182)

    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
Term

Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium

Est. revenue

$43,248

NOI

$13,261

Cash flow /mo

-$3,779

Cash needed

$282,750

Cash-on-cash

-16.0%

ROE (yr 1)

-4.9%

Cap rate

1.5%

DSCR

0.23

Year-1 write-off

$257,842

Year-1 tax shield @ 32%

$82,510

Year-1 return on equity

  • Cash flow (annual)-$45,348
  • Principal paydown$5,321
  • Appreciation at%$26,250
ROE-4.9%

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)$8,650
  • Platform fees (3% of revenue)$1,297
  • Maintenance / capex (5% of revenue)$2,162
  • Utilities & supplies$4,200
  • HOA$1,200
  • Property tax$5,390
  • Insurance (STR-rated)$7,088

Cash needed to close

  • Down payment (25%)$218,750
  • Closing costs (4.0%)$35,000
  • Furnishing (bought new)$29,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$82,510

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

$826,000

Short-life (5/15-yr)

$228,000 · 28%

Year-1 deduction

$258,000

Year-1 tax shield @ 32%

$83,000

Land 6% (county tax record, market value split) · building $598,000 over 39 years · new furniture $29,000

Based on: 1,608 sq ft, built 1973, 4 bd / 2 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $153,000 in year 1 (15% short-life, $49,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$162,200
  • Kitchen cabinetsdefault

    $9,300 new × 40% good × 5.94 allocation

    $22,200
  • Kitchen countertopsdefault

    $7,600 new × 40% good × 5.94 allocation

    $18,100
  • Decorative trimdefault

    $2,800 new × 40% good × 5.94 allocation

    $6,700
  • Mirrorsdefault

    $300 new × 40% good × 5.94 allocation

    $700
  • Shelvingdefault

    $1,500 new × 40% good × 5.94 allocation

    $3,600
  • Window coverings (16)default

    $4,000 new × 40% good × 5.94 allocation

    $9,500
  • Carpet, vinyl & laminate (40% of floors)default

    $4,100 new × 40% good × 5.94 allocation

    $9,800
  • Kitchen & laundry equipment plumbingdefault

    $7,300 new × 40% good × 5.94 allocation

    $17,200
  • Kitchen, laundry & data equipment electricaldefault

    $4,400 new × 40% good × 5.94 allocation

    $10,400
  • Appliances (range, microwave, dishwasher, refrigerator)listing

    $5,700 new × 40% good × 5.94 allocation

    $13,500
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 5.94 allocation

    $21,400
  • Furniture bought newlisting

    $23,000 new × 100% good · bought separately

    $23,000
  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$95,000
  • Paving: driveway & walks (paved)default

    $8,300 new × 50% good × 5.94 allocation

    $24,700
  • Landscaping (minimal)listing

    $4,000 new × 50% good × 5.94 allocation

    $11,900
  • Patiosdefault

    $1,600 new × 50% good × 5.94 allocation

    $4,700
  • Decks & porches (attached)listing

    $18,100 new × 50% good × 5.94 allocation

    $53,700
Building, 39-year$597,800
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $173,900 new × 40% good × 5.94 allocation

    $413,200
  • Building plumbing & fixturesdefault

    $18,100 new × 40% good × 5.94 allocation

    $42,900
  • Building electrical & lightingdefault

    $17,700 new × 40% good × 5.94 allocation

    $42,000
  • HVACdefault

    $18,100 new × 40% good × 5.94 allocation

    $43,000
  • Hardwood & tile floorsdefault

    $6,200 new × 40% good × 5.94 allocation

    $14,800
  • Fireplacelisting

    $2,600 new × 40% good × 5.94 allocation

    $6,300
  • Septic systemlisting

    $12,000 new × 50% good × 5.94 allocation

    $35,600

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$162,200$95,000$600$257,800
2$0$0$15,300$15,300
3$0$0$15,300$15,300
4$0$0$15,300$15,300
5$0$0$15,300$15,300
6+$0$0$535,900$535,900
Total$162,200$95,000$597,800$855,000

The building's share of the price ($826,000) is 5.9x our depreciated replacement cost of the home ($139,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.

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.