33041 Oliver Rd

Logan, OH 43138

$449,900

3 bd · 1 ba · 805 sqft · Listed 1d ago

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Low confidence

Year built

2026

Sqft

805

Lot sqft

323,215

HOA / mo

Furnished

List date

2026-10-11T14:04:08.000000Z

Revenue

Annual revenue

$108,834

ADR

$454

Occupancy

66%

Cleaning fees (12 mo)

$18,258

Confidence

Low (6.51), 5 comps

Comp revenue range (p25 / median / p75)

$21,311$48,365$172,030

Median revenue of shown comps: $48,365

Micro-Wedding & Group Retreat: 3 Cabins on 7 Acres
Cabin · 3 bd · 3 ba · sleeps 7 · 0.1 mi
Revenue $195,032ADR $680Occ ≈ 79%—
Delisted
Ivy Cottage by Creative Cabins
Cabin · 3 bd · 2 ba · sleeps 6 · 0.3 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +2
Revenue $172,030ADR $740Occ ≈ 64%5★ (41)
Vrbo
Scotts Creek Cabins - Hillside
Cabin · 3 bd · 1 ba · sleeps 6 · 0.4 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +3
Revenue $21,311ADR $355Occ ≈ 16%4.8★ (11)
Airbnb Vrbo
Family Friendly Home
House · 3 bd · 2 ba · sleeps 8 · 0.4 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +3
Revenue $48,365ADR $247Occ ≈ 54%5★ (213)
Airbnb Vrbo
Lazy Lane Cabins - Moonbeam
Cabin · 3 bd · 2 ba · sleeps 6 · 0.7 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $19,730ADR $270Occ ≈ 20%3.6★ (24)
Airbnb Vrbo Booking

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Micro-Wedding & Group Retreat: 3 Cabins on 7 Acres Cabin	3 bd · 3 ba · sleeps 7	$195,032	$680	79%	—	0.1 mi	Delisted
Ivy Cottage by Creative Cabins Cabin Hot tub A/C Free parking Wifi +2	3 bd · 2 ba · sleeps 6	$172,030	$740	64%	5★ (41)	0.3 mi	Vrbo
Scotts Creek Cabins - Hillside Cabin Hot tub A/C Free parking Pets OK +3	3 bd · 1 ba · sleeps 6	$21,311	$355	16%	4.8★ (11)	0.4 mi	Airbnb Vrbo
Family Friendly Home House Hot tub A/C Free parking Pets OK +3	3 bd · 2 ba · sleeps 8	$48,365	$247	54%	5★ (213)	0.4 mi	Airbnb Vrbo
Lazy Lane Cabins - Moonbeam Cabin Hot tub A/C Free parking Wifi +3	3 bd · 2 ba · sleeps 6	$19,730	$270	20%	3.6★ (24)	0.7 mi	Airbnb Vrbo Booking

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

Purchase priceAlready furnishedTax bracketCount tax savings in returnsOnly if you can use the losses (STR loophole)

Est. revenue

$108,834

NOI

$69,801

Cash flow /mo

$5,817

Cash needed

$493,396

Cash-on-cash (all cash)

14.1%

ROE (yr 1)

16.9%

Cap rate

15.5%

DSCR

—

Year-1 write-off

$44,130

Year-1 tax shield @ 32%

$14,121

Year-1 return on equity

Cash flow (annual)$69,801
Principal paydown (n/a, cash)$0
Appreciation at%$13,497

ROE16.9%

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)$21,767
Platform fees (3% of revenue)$3,265
Maintenance / capex (5% of revenue)$5,442
Utilities & supplies$4,200
HOA$0
Property tax$715
Insurance (STR-rated)$3,644

Cash needed to close

Purchase price (all cash)$449,900
Closing costs (4.0%)$17,996
Furnishing (bought new)$25,500

Tax savings if the STR loophole applies

Tax shield @ 32%$14,121

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

$62,000

Short-life (5/15-yr)

$19,000 · 30%

Year-1 deduction

$44,000

Year-1 tax shield @ 32%

$14,000

Land 86% (county tax record, market value split) · building $43,000 over 39 years · new furniture $26,000

Based on: 805 sq ft, built 2026, 3 bd / 1 ba, unfurnished, listing features (deck, game room, stone counters, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $35,000 in year 1 (15% short-life, $11,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$36,800

Kitchen cabinetsdefault
$7,600 new × 100% good × 0.34 allocation
$2,600
Kitchen countertops (stone)listing
$7,700 new × 100% good × 0.34 allocation
$2,600
Decorative trimdefault
$1,400 new × 100% good × 0.34 allocation
$500
Mirrorsdefault
$200 new × 100% good × 0.34 allocation
$100
Shelvingdefault
$1,200 new × 100% good × 0.34 allocation
$400
Window coverings (8)default
$2,000 new × 100% good × 0.34 allocation
$700
Carpet, vinyl & laminate (40% of floors)default
$2,100 new × 100% good × 0.34 allocation
$700
Kitchen & laundry equipment plumbingdefault
$5,900 new × 100% good × 0.34 allocation
$2,000
Kitchen, laundry & data equipment electricaldefault
$3,600 new × 100% good × 0.34 allocation
$1,200
Appliances (microwave, dishwasher)listing
$1,700 new × 100% good × 0.34 allocation
$600
Furniture bought newlisting
$19,500 new × 100% good · bought separately
$19,500
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
$6,000

15-year land improvements$7,300

Paving: driveway & walks (paved)default
$5,900 new × 100% good × 0.34 allocation
$2,000
Landscaping (typical)default
$5,700 new × 100% good × 0.34 allocation
$1,900
Patiosdefault
$800 new × 100% good × 0.34 allocation
$300
Decks & porches (attached)listing
$9,100 new × 100% good × 0.34 allocation
$3,100

Building, 39-year$43,300

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$86,600 new × 100% good × 0.34 allocation
$29,400
Building plumbing & fixturesdefault
$9,000 new × 100% good × 0.34 allocation
$3,100
Building electrical & lightingdefault
$7,500 new × 100% good × 0.34 allocation
$2,500
HVACdefault
$9,100 new × 100% good × 0.34 allocation
$3,100
Hardwood & tile floorsdefault
$3,100 new × 100% good × 0.34 allocation
$1,100
Septic systemlisting
$12,000 new × 100% good × 0.34 allocation
$4,100

About the property

Sold furnishedGame roomHot tubPoolDeckDrivewayLandscapingFencedIrrigationLong-term rental (27.5-yr)Carpet / vinyl / laminate %Placed in serviceClosing costs $ (adds to basis)Land %Bonus depreciation %

Depreciation schedule: typical cost seg study

Year	5-yr	15-yr	Building	Total
1	$36,800	$7,300	$0	$44,100
2	$0	$0	$1,100	$1,100
3	$0	$0	$1,100	$1,100
4	$0	$0	$1,100	$1,100
5	$0	$0	$1,100	$1,100
6+	$0	$0	$38,800	$38,800
Total	$36,800	$7,300	$43,300	$87,300

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.