1378 4th St

Logan, OH 43138

$94,900

2 bd · 1 ba · 704 sqft · Listed 1d ago

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Year built

1940

Sqft

704

Lot sqft

6,098

HOA / mo

Furnished

List date

2026-11-11T19:57:58.000000Z

Revenue

Annual revenue

$18,416

ADR

$110

Occupancy

46%

Cleaning fees (12 mo)

$685

Confidence

Med (53.83), 9 comps

Comp revenue range (p25 / median / p75)

$9,292$14,535$22,570

Median revenue of shown comps: $14,535

2BR Town House
House · 2 bd · 1.5 ba · sleeps 4 · 0.1 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $14,535ADR $65Occ ≈ 61%4★ (1)
Airbnb
The Logan House in Hocking Hills
House · 2 bd · 2 ba · sleeps 7 · 0.2 mi
Revenue $5,961ADR $175Occ ≈ 9%4.9★ (60)
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)
Airbnb
Karlee's Kove
House · 2 bd · 1.5 ba · sleeps 4 · 0.3 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $23,197ADR $141Occ ≈ 45%4.9★ (228)
Airbnb Vrbo
The Logan House
House · 2 bd · 2 ba · sleeps 7 · 0.3 mi
Revenue $7,243ADR $176Occ ≈ 11%4.7★ (3)
Delisted
Little Yellow House
House · 2 bd · 1 ba · sleeps 5 · 0.5 mi
Revenue $25,708ADR $179Occ ≈ 39%4.9★ (49)
Delisted
“Luxury Firefly Yurt -Hocking Hills •Paddle & Stay
Yurt · 2 bd · 1 ba · sleeps 4 · 0.7 mi
- Hot tub
- A/C
- Free parking
- Kitchen
Revenue $22,570ADR $191Occ ≈ 32%4.8★ (38)
Airbnb
Rivers Edge Cabin
Cabin · 2 bd · 1 ba · sleeps 6 · 0.7 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +2
Revenue $14,515ADR $179Occ ≈ 22%5★ (9)
Airbnb
*Luxury Songbird Yurt* Hocking Hills•Paddle & Stay
Yurt · 2 bd · 1 ba · sleeps 4 · 0.7 mi
- Hot tub
- A/C
- Free parking
- Kitchen
Revenue $18,291ADR $194Occ ≈ 26%5★ (28)
Airbnb

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
2BR Town House House A/C Free parking Wifi Kitchen +1	2 bd · 1.5 ba · sleeps 4	$14,535	$65	61%	4★ (1)	0.1 mi	Airbnb
The Logan House in Hocking Hills House	2 bd · 2 ba · sleeps 7	$5,961	$175	9%	4.9★ (60)	0.2 mi	Delisted
The Logan House in Hocking Hills House	2 bd · 2 ba · sleeps 7	$9,292	$166	15%	4.7★ (46)	0.3 mi	Airbnb
Karlee's Kove House A/C Free parking Wifi Kitchen +1	2 bd · 1.5 ba · sleeps 4	$23,197	$141	45%	4.9★ (228)	0.3 mi	Airbnb Vrbo
The Logan House House	2 bd · 2 ba · sleeps 7	$7,243	$176	11%	4.7★ (3)	0.3 mi	Delisted
Little Yellow House House	2 bd · 1 ba · sleeps 5	$25,708	$179	39%	4.9★ (49)	0.5 mi	Delisted
“Luxury Firefly Yurt -Hocking Hills •Paddle & Stay Yurt Hot tub A/C Free parking Kitchen	2 bd · 1 ba · sleeps 4	$22,570	$191	32%	4.8★ (38)	0.7 mi	Airbnb
Rivers Edge Cabin Cabin Hot tub A/C Free parking Wifi +2	2 bd · 1 ba · sleeps 6	$14,515	$179	22%	5★ (9)	0.7 mi	Airbnb
Luxury Songbird Yurt Hocking Hills•Paddle & Stay Yurt Hot tub A/C Free parking Kitchen	2 bd · 1 ba · sleeps 4	$18,291	$194	26%	5★ (28)	0.7 mi	Airbnb

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

$18,416

NOI

$7,586

Cash flow /mo

$632

Cash needed

$114,696

Cash-on-cash (all cash)

6.6%

ROE (yr 1)

9.1%

Cap rate

8.0%

DSCR

—

Year-1 write-off

$38,078

Year-1 tax shield @ 32%

$12,185

Year-1 return on equity

Cash flow (annual)$7,586
Principal paydown (n/a, cash)$0
Appreciation at%$2,847

ROE9.1%

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)$3,683
Platform fees (3% of revenue)$552
Maintenance / capex (5% of revenue)$921
Utilities & supplies$4,200
HOA$0
Property tax$705
Insurance (STR-rated)$769

Cash needed to close

Purchase price (all cash)$94,900
Closing costs (4.0%)$3,796
Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

Tax shield @ 32%$12,185

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

$66,000

Short-life (5/15-yr)

$22,000 · 33%

Year-1 deduction

$38,000

Year-1 tax shield @ 32%

$12,000

Land 30% (county tax record, market value split) · building $44,000 over 39 years · new furniture $16,000

Based on: 704 sq ft, built 1940, 2 bd / 1 ba, unfurnished, listing features (deck, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $27,000 in year 1 (17% short-life, $9,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$27,500

Kitchen cabinetsdefault
$7,300 new × 40% good × 1.08 allocation
$3,200
Kitchen countertopsdefault
$6,000 new × 40% good × 1.08 allocation
$2,600
Decorative trimdefault
$1,200 new × 40% good × 1.08 allocation
$500
Mirrorsdefault
$200 new × 40% good × 1.08 allocation
$100
Shelvingdefault
$900 new × 40% good × 1.08 allocation
$400
Window coverings (7)default
$1,800 new × 40% good × 1.08 allocation
$800
Kitchen & laundry equipment plumbingdefault
$5,700 new × 40% good × 1.08 allocation
$2,500
Kitchen, laundry & data equipment electricaldefault
$3,500 new × 40% good × 1.08 allocation
$1,500
Furniture bought newlisting
$16,000 new × 100% good · bought separately
$16,000

15-year land improvements$10,500

Paving: driveway & walks (paved)default
$5,500 new × 50% good × 1.08 allocation
$3,000
Landscaping (typical)default
$5,300 new × 50% good × 1.08 allocation
$2,900
Patiosdefault
$700 new × 50% good × 1.08 allocation
$400
Decks & porches (attached)listing
$7,900 new × 50% good × 1.08 allocation
$4,300

Building, 39-year$44,400

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$75,900 new × 40% good × 1.08 allocation
$32,900
Building plumbing & fixturesdefault
$7,800 new × 40% good × 1.08 allocation
$3,400
Building electrical & lightingdefault
$6,200 new × 40% good × 1.08 allocation
$2,700
HVACdefault
$7,900 new × 40% good × 1.08 allocation
$3,400
Hardwood & tile floorsdefault
$4,500 new × 40% good × 1.08 allocation
$2,000

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	$27,500	$10,500	$0	$38,100
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	$39,800	$39,800
Total	$27,500	$10,500	$44,400	$82,400

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.