28933 Big Pine Rd
Logan, OH 43138
$949,999
4 bd · 3.5 ba · 2,378 sqft · Listed today
View on Realtor.com →Year built
2007
Sqft
2,378
Lot sqft
131,116
HOA / mo
$0
Furnished
No
List date
2026-11-12T03:36:35.000000Z
Revenue
Annual revenue
$89,853
ADR
$518
Occupancy
48%
Cleaning fees (12 mo)
$15,029
Confidence
Low (31.87), 10 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $43,551
Brand New Cabin | Theater | Game Room | Hot Tub
Cabin · 4 bd · 3.5 ba · sleeps 10 · 0.1 mi
Revenue $39,699ADR $638Occ ≈ 17%5★ (2)
4 br cabin near Old Man's Cave!
Cabin · 4 bd · 3 ba · sleeps 9 · 0.2 mi
Revenue $47,402ADR $425Occ ≈ 31%4.8★ (82)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Close to Caves - Saloon - 4BR/Loft - BunkRoom Cabin | 4 bd · 3 ba · sleeps 12 | $96,720 | $550 | 48% | 4.9★ (79) | 0.1 mi | AirbnbVrbo |
Abode at Big Pine – Formerly Western Hideaway Cabin | 4 bd · 3 ba · sleeps 12 | $11,058 | $331 | 9% | 5★ (4) | 0.1 mi | AirbnbVrbo |
Golden Eagle Lodge|Hot Tub + Outdoor Fireplace Cabin | 4 bd · 3 ba · sleeps 12 | $5,999 | $713 | 2% | — | 0.1 mi | AirbnbVrbo |
Brand New Cabin | Theater | Game Room | Hot Tub Cabin | 4 bd · 3.5 ba · sleeps 10 | $39,699 | $638 | 17% | 5★ (2) | 0.1 mi | Vrbo |
Red Pine Cabin|4 Bedrooms|Pool Table House | 4 bd · 3.5 ba · sleeps 10 | $12,411 | $408 | 8% | 5★ (2) | 0.1 mi | AirbnbVrbo |
Woods Edge Cabin | Hocking Hills, Hot Tub, Pets Cabin | 4 bd · 2.5 ba · sleeps 9 | $68,485 | $416 | 45% | 4.7★ (126) | 0.2 mi | AirbnbVrbo |
4 br cabin near Old Man's Cave! Cabin | 4 bd · 3 ba · sleeps 9 | $47,402 | $425 | 31% | 4.8★ (82) | 0.2 mi | Vrbo |
Pine Knoll Lodge | Hocking Hills, Hot Tub, Views Cabin | 4 bd · 3 ba · sleeps 12 | $83,353 | $484 | 47% | 4.8★ (64) | 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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$89,853
NOI
$42,552
Cash flow /mo
-$1,647
Cash needed
$304,500
Cash-on-cash
-6.5%
ROE (yr 1)
4.8%
Cap rate
4.5%
DSCR
0.68
Year-1 write-off
$193,166
Year-1 tax shield @ 32%
$61,813
Year-1 return on equity
- Cash flow (annual)-$19,768
- Principal paydown$6,035
- Appreciation at%$28,500
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)$17,971
- Platform fees (3% of revenue)$2,696
- Maintenance / capex (5% of revenue)$4,493
- Utilities & supplies$4,200
- HOA$0
- Property tax$10,247
- Insurance (STR-rated)$7,695
Cash needed to close
- Down payment (25%)$237,500
- Closing costs (4.0%)$38,000
- Furnishing (bought new)$29,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$61,813
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
$875,000
Short-life (5/15-yr)
$163,000 · 19%
Year-1 deduction
$193,000
Year-1 tax shield @ 32%
$62,000
Land 8% (county tax record, market value split) · building $712,000 over 39 years · new furniture $29,000
Based on: 2,378 sq ft, built 2007, 4 bd / 3.5 ba, unfurnished, listing features (hot tub, deck, patio, game room, fireplace, stone counters, flooring types, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $118,000 in year 1 (10% short-life, $38,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $13,400
Kitchen cabinetsdefault
$11,000 new × 40% good × 3.05 allocation
- $13,700
Kitchen countertops (stone)listing
$11,300 new × 40% good × 3.05 allocation
- $5,100
Decorative trimdefault
$4,200 new × 40% good × 3.05 allocation
- $500
Mirrorsdefault
$500 new × 40% good × 3.05 allocation
- $1,800
Shelvingdefault
$1,500 new × 40% good × 3.05 allocation
- $7,300
Window coverings (24)default
$6,000 new × 40% good × 3.05 allocation
- $16,200
Kitchen & laundry equipment plumbingdefault
$8,600 new × 62% good × 3.05 allocation
- $9,800
Kitchen, laundry & data equipment electricaldefault
$5,200 new × 62% good × 3.05 allocation
- $4,800
Appliances (microwave, dishwasher, refrigerator)listing
$3,900 new × 40% good × 3.05 allocation
- $11,000
Hot tub (freestanding)listing
$9,000 new × 40% good × 3.05 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $15,400
Paving: driveway & walks (paved)listing
$10,100 new × 50% good × 3.05 allocation
- $7,400
Landscaping (minimal)listing
$4,900 new × 50% good × 3.05 allocation
- $16,300
Patioslisting
$10,700 new × 50% good × 3.05 allocation
- $40,700
Decks & porches (attached)listing
$26,800 new × 50% good × 3.05 allocation
- $536,700
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$257,900 new × 68% good × 3.05 allocation
- $50,600
Building plumbing & fixturesdefault
$26,800 new × 62% good × 3.05 allocation
- $51,800
Building electrical & lightingdefault
$27,400 new × 62% good × 3.05 allocation
- $32,600
HVACdefault
$26,800 new × 40% good × 3.05 allocation
- $18,600
Hardwood & tile floorsdefault
$15,300 new × 40% good × 3.05 allocation
- $3,200
Fireplacelisting
$2,600 new × 40% good × 3.05 allocation
- $18,300
Septic systemlisting
$12,000 new × 50% good × 3.05 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $112,600 | $79,800 | $800 | $193,200 |
| 2 | $0 | $0 | $18,300 | $18,300 |
| 3 | $0 | $0 | $18,300 | $18,300 |
| 4 | $0 | $0 | $18,300 | $18,300 |
| 5 | $0 | $0 | $18,300 | $18,300 |
| 6+ | $0 | $0 | $638,100 | $638,100 |
| Total | $112,600 | $79,800 | $711,800 | $904,200 |
The building's share of the price ($875,000) is 3.0x our depreciated replacement cost of the home ($287,000). 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.