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953 Marla Ave

953 Marla Ave

Logan, OH 43138

$260,000

3 bd · 1.5 ba · 1,384 sqft · Listed 8d ago

View on Realtor.com →
Low confidence

Year built

1973

Sqft

1,384

Lot sqft

8,276

HOA / mo

$0

Furnished

No

List date

2026-11-04T22:52:21.000000Z

Revenue

Annual revenue

$32,365

ADR

$286

Occupancy

31%

Cleaning fees (12 mo)

$2,886

Confidence

Med (65.59), 5 comps

Comp revenue range (p25 / median / p75)

$28,013$32,343$36,146

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

Median revenue of shown comps: $32,343

  • Scotts Creek Cabins - Valleyview

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.5 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $47,485ADR $480Occ ≈ 27%5★ (11)

    AirbnbVrbo

  • Scotts Creek Cabins - Hilltop

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.5 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +3

    Revenue $17,188ADR $281Occ ≈ 17%5★ (31)

    AirbnbVrbo

  • Vintage Vibes! Mid Century style w/ modern comfort

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +6

    Revenue $36,146ADR $225Occ ≈ 44%5★ (168)

    AirbnbVrbo

  • Scotts Creek Cabins-Original-Private Pool

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.5 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $32,343ADR $334Occ ≈ 27%4.9★ (48)

    AirbnbVrbo

  • Four Seasons Cabin Rentals - Dogwood

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.6 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +2

    Revenue $28,013ADR $193Occ ≈ 40%4.8★ (51)

    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

Est. revenue

$32,365

NOI

$14,983

Cash flow /mo

$1,249

Cash needed

$289,900

Cash-on-cash (all cash)

5.2%

ROE (yr 1)

7.9%

Cap rate

5.8%

DSCR

—

Year-1 write-off

$71,757

Year-1 tax shield @ 32%

$22,962

Year-1 return on equity

  • Cash flow (annual)$14,983
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$7,800
ROE7.9%

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)$6,473
  • Platform fees (3% of revenue)$971
  • Maintenance / capex (5% of revenue)$1,618
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$2,014
  • Insurance (STR-rated)$2,106

Cash needed to close

  • Purchase price (all cash)$260,000
  • Closing costs (4.0%)$10,400
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$22,962

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

$200,000

Short-life (5/15-yr)

$52,000 · 26%

Year-1 deduction

$72,000

Year-1 tax shield @ 32%

$23,000

Land 23% (county tax record, market value split) · building $148,000 over 39 years · new furniture $20,000

Based on: 1,384 sq ft, built 1973, 3 bd / 1.5 ba, unfurnished, listing features (flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $56,000 in year 1 (18% short-life, $18,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$54,800

  • Kitchen cabinetsdefault

    $8,800 new × 40% good × 1.88 allocation

    $6,700

  • Kitchen countertopsdefault

    $7,200 new × 40% good × 1.88 allocation

    $5,400

  • Decorative trimdefault

    $2,400 new × 40% good × 1.88 allocation

    $1,800

  • Mirrorsdefault

    $200 new × 40% good × 1.88 allocation

    $100

  • Shelvingdefault

    $1,200 new × 40% good × 1.88 allocation

    $900

  • Window coverings (14)default

    $3,500 new × 40% good × 1.88 allocation

    $2,600

  • Carpet, vinyl & laminate (100% of floors)listing

    $8,900 new × 40% good × 1.88 allocation

    $6,700

  • Kitchen & laundry equipment plumbingdefault

    $6,900 new × 40% good × 1.88 allocation

    $5,200

  • Kitchen, laundry & data equipment electricaldefault

    $4,200 new × 40% good × 1.88 allocation

    $3,100

  • Appliances (range, microwave, dishwasher)listing

    $3,500 new × 40% good × 1.88 allocation

    $2,600

  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$16,800

  • Paving: driveway & walks (paved)default

    $7,700 new × 50% good × 1.88 allocation

    $7,300

  • Landscaping (typical)default

    $7,400 new × 50% good × 1.88 allocation

    $7,000

  • Patiosdefault

    $1,400 new × 50% good × 1.88 allocation

    $1,300

  • Decks & porches (attached)default

    $1,400 new × 50% good × 1.88 allocation

    $1,300
Building, 39-year$147,600

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $149,900 new × 40% good × 1.88 allocation

    $113,000

  • Building plumbing & fixturesdefault

    $15,500 new × 40% good × 1.88 allocation

    $11,700

  • Building electrical & lightingdefault

    $14,800 new × 40% good × 1.88 allocation

    $11,200

  • HVACdefault

    $15,600 new × 40% good × 1.88 allocation

    $11,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$54,800$16,800$200$71,800
2$0$0$3,800$3,800
3$0$0$3,800$3,800
4$0$0$3,800$3,800
5$0$0$3,800$3,800
6+$0$0$132,300$132,300
Total$54,800$16,800$147,600$219,200

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.