653 Church St
Logan, OH 43138
$210,000
2 bd · 2 ba · 1,116 sqft · Listed 1d ago
View on Realtor.com →Year built
2007
Sqft
1,116
Lot sqft
4,792
HOA / mo
$0
Furnished
No
List date
2026-11-12T16:49:57.000000Z
Revenue
Annual revenue
$22,014
ADR
$155
Occupancy
39%
Cleaning fees (12 mo)
$1,643
Confidence
Low (45.68), 16 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $21,125
Little Yellow House
House · 2 bd · 1 ba · sleeps 5 · 0.2 mi
Revenue $25,708ADR $179Occ ≈ 39%4.9★ (49)
Delisted
The Logan House in Hocking Hills
House · 2 bd · 2 ba · sleeps 7 · 0.3 mi
Revenue $9,292ADR $166Occ ≈ 15%4.7★ (46)
The Logan House
House · 2 bd · 2 ba · sleeps 7 · 0.3 mi
Revenue $7,243ADR $176Occ ≈ 11%4.7★ (3)
Delisted
FranSay Antique Living (Hocking Hills)
House · 2 bd · 1 ba · sleeps 4 · 0.3 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $26,960ADR $99Occ ≈ 75%5★ (470)
The Logan House in Hocking Hills
House · 2 bd · 2 ba · sleeps 7 · 0.3 mi
Revenue $5,961ADR $175Occ ≈ 9%4.9★ (60)
Delisted
2BR Town House
House · 2 bd · 1.5 ba · sleeps 4 · 0.5 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $14,535ADR $65Occ ≈ 61%4★ (1)
Hocking Hills Rusty Lofts
Apartment · 2 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $32,547ADR $218Occ ≈ 41%4.3★ (46)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Little Yellow House House | 2 bd · 1 ba · sleeps 5 | $25,708 | $179 | 39% | 4.9★ (49) | 0.2 mi | Delisted |
Karlee's Kove House
| 2 bd · 1.5 ba · sleeps 4 | $23,197 | $141 | 45% | 4.9★ (228) | 0.2 mi | AirbnbVrbo |
The Logan House in Hocking Hills House | 2 bd · 2 ba · sleeps 7 | $9,292 | $166 | 15% | 4.7★ (46) | 0.3 mi | Airbnb |
The Logan House House | 2 bd · 2 ba · sleeps 7 | $7,243 | $176 | 11% | 4.7★ (3) | 0.3 mi | Delisted |
FranSay Antique Living (Hocking Hills) House
| 2 bd · 1 ba · sleeps 4 | $26,960 | $99 | 75% | 5★ (470) | 0.3 mi | Airbnb |
The Logan House in Hocking Hills House | 2 bd · 2 ba · sleeps 7 | $5,961 | $175 | 9% | 4.9★ (60) | 0.3 mi | Delisted |
Cherokee in Hocking Hills Cabin
| 2 bd · 1 ba · sleeps 4 | $25,714 | $288 | 24% | 4★ (54) | 0.4 mi | AirbnbVrboBooking |
Shawnee in Hocking Hills Cabin
| 2 bd · 1 ba · sleeps 4 | $34,913 | $293 | 33% | 4.3★ (67) | 0.4 mi | AirbnbVrboBooking |
2BR Town House House
| 2 bd · 1.5 ba · sleeps 4 | $14,535 | $65 | 61% | 4★ (1) | 0.5 mi | Airbnb |
Hocking Hills Rusty Lofts Apartment | 2 bd · 1 ba · sleeps 4 | $32,547 | $218 | 41% | 4.3★ (46) | 0.6 mi | Booking |
Show 6 more
Hickory House -2 bedroom home in Hocking Hills
House · 2 bd · 1 ba · sleeps 4 · 0.6 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +1
Revenue $16,693ADR $155Occ ≈ 30%5★ (133)
Harvest Cottage on Orchard
House · 2 bd · 1 ba · sleeps 4 · 0.7 mi
Revenue $5,203ADR $165Occ ≈ 9%4.8★ (29)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Retro Romance: James & Monroe Apartment
| 2 bd · 2 ba · sleeps 8 | $36,311 | $309 | 32% | 5★ (1) | 0.6 mi | AirbnbVrbo |
Hocking Hills | Cozy Downtown Loft w/Porch Loft
| 2 bd · 1 ba · sleeps 5 | $19,052 | $180 | 29% | 4.8★ (116) | 0.6 mi | AirbnbVrbo |
Hickory House -2 bedroom home in Hocking Hills House
| 2 bd · 1 ba · sleeps 4 | $16,693 | $155 | 30% | 5★ (133) | 0.6 mi | Airbnb |
Upstairs apartment in downtown Logan! Loft
| 2 bd · 1 ba · sleeps 6 | $16,054 | $213 | 21% | 5★ (113) | 0.6 mi | AirbnbVrbo |
1875 Historic Home · Walkable Downtown Logan House
| 2 bd · 2 ba · sleeps 4 | $43,268 | $150 | 79% | 5★ (361) | 0.7 mi | AirbnbVrbo |
Harvest Cottage on Orchard House | 2 bd · 1 ba · sleeps 4 | $5,203 | $165 | 9% | 4.8★ (29) | 0.7 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
Rate 7.86% = 7.11% Freddie Mac 30-yr avg (Nov 12) + 0.75% investor premium
Est. revenue
$22,014
NOI
$7,865
Cash flow /mo
-$485
Cash needed
$76,900
Cash-on-cash
-7.6%
ROE (yr 1)
2.4%
Cap rate
3.7%
DSCR
0.57
Year-1 write-off
$63,259
Year-1 tax shield @ 32%
$20,243
Year-1 return on equity
- Cash flow (annual)-$5,819
- Principal paydown$1,353
- Appreciation at%$6,300
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)$4,403
- Platform fees (3% of revenue)$660
- Maintenance / capex (5% of revenue)$1,101
- Utilities & supplies$4,200
- HOA$0
- Property tax$2,084
- Insurance (STR-rated)$1,701
Cash needed to close
- Down payment (25%)$52,500
- Closing costs (4.0%)$8,400
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$20,243
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
$184,000
Short-life (5/15-yr)
$47,000 · 26%
Year-1 deduction
$63,000
Year-1 tax shield @ 32%
$20,000
Land 12% (county tax record, market value split) · building $137,000 over 39 years · new furniture $16,000
Based on: 1,116 sq ft, built 2007, 2 bd / 2 ba, unfurnished, listing features (deck, patio, flooring types, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $45,000 in year 1 (16% short-life, $14,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $4,400
Kitchen cabinetsdefault
$8,200 new × 40% good × 1.34 allocation
- $3,600
Kitchen countertopsdefault
$6,700 new × 40% good × 1.34 allocation
- $1,000
Decorative trimdefault
$2,000 new × 40% good × 1.34 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.34 allocation
- $500
Shelvingdefault
$900 new × 40% good × 1.34 allocation
- $1,500
Window coverings (11)default
$2,800 new × 40% good × 1.34 allocation
- $3,800
Carpet, vinyl & laminate (100% of floors)listing
$7,200 new × 40% good × 1.34 allocation
- $5,300
Kitchen & laundry equipment plumbingdefault
$6,400 new × 62% good × 1.34 allocation
- $3,200
Kitchen, laundry & data equipment electricaldefault
$3,900 new × 62% good × 1.34 allocation
- $2,700
Appliances (range, dishwasher, refrigerator)listing
$5,000 new × 40% good × 1.34 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $4,600
Paving: driveway & walks (paved)listing
$6,900 new × 50% good × 1.34 allocation
- $4,500
Landscaping (typical)default
$6,700 new × 50% good × 1.34 allocation
- $3,400
Patioslisting
$5,000 new × 50% good × 1.34 allocation
- $8,400
Decks & porches (attached)listing
$12,600 new × 50% good × 1.34 allocation
- $110,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$120,700 new × 68% good × 1.34 allocation
- $10,400
Building plumbing & fixturesdefault
$12,500 new × 62% good × 1.34 allocation
- $9,500
Building electrical & lightingdefault
$11,400 new × 62% good × 1.34 allocation
- $6,700
HVACdefault
$12,600 new × 40% good × 1.34 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $42,300 | $20,900 | $100 | $63,300 |
| 2 | $0 | $0 | $3,500 | $3,500 |
| 3 | $0 | $0 | $3,500 | $3,500 |
| 4 | $0 | $0 | $3,500 | $3,500 |
| 5 | $0 | $0 | $3,500 | $3,500 |
| 6+ | $0 | $0 | $122,800 | $122,800 |
| Total | $42,300 | $20,900 | $137,000 | $200,100 |
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.