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Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

1011 Elizabeth Ave

1011 Elizabeth Ave

Logan, OH 43138

$290,000

3 bd · 2 ba · 1,147 sqft · Listed 1d ago

View on Realtor.com →
Low confidenceNegative cash flow

Year built

1993

Sqft

1,147

Lot sqft

10,019

HOA / mo

$0

Furnished

No

List date

2026-10-12T18:52:25.000000Z

Revenue

Annual revenue

$31,500

ADR

$264

Occupancy

33%

Cleaning fees (12 mo)

$2,639

Confidence

Med (68.02), 6 comps

Comp revenue range (p25 / median / p75)

$27,931$30,178$35,195

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

Median revenue of shown comps: $30,178

  • 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

  • Scotts Creek Cabins - Valleyview

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.6 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 · 0.6 mi

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

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

    AirbnbVrbo

  • Scotts Creek Cabins-Original-Private Pool

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.7 mi

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

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

    AirbnbVrbo

  • Four Seasons Cabin Rentals - Song Bird

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.7 mi

    Revenue $27,904ADR $191Occ ≈ 40%4.8★ (59)

    Airbnb

  • Vintage Vibes! Mid Century style w/ modern comfort

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.7 mi

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

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

    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

Financing
Management
Term

Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

Est. revenue

$31,500

NOI

$13,419

Cash flow /mo

-$500

Cash needed

$103,600

Cash-on-cash

-5.8%

ROE (yr 1)

4.3%

Cap rate

4.6%

DSCR

0.69

Year-1 write-off

$78,174

Year-1 tax shield @ 32%

$25,016

Year-1 return on equity

  • Cash flow (annual)-$6,006
  • Principal paydown$1,764
  • Appreciation at%$8,700
ROE4.3%

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)$6,300
  • Platform fees (3% of revenue)$945
  • Maintenance / capex (5% of revenue)$1,575
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$2,712
  • Insurance (STR-rated)$2,349

Cash needed to close

  • Down payment (25%)$72,500
  • Closing costs (4.0%)$11,600
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$25,016

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

$190,000

Short-life (5/15-yr)

$59,000 · 31%

Year-1 deduction

$78,000

Year-1 tax shield @ 32%

$25,000

Land 35% (county tax record, market value split) · building $131,000 over 39 years · new furniture $20,000

Based on: 1,147 sq ft, built 1993, 3 bd / 2 ba, unfurnished, listing features (deck, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $52,000 in year 1 (17% short-life, $17,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$52,200

  • Kitchen cabinetsdefault

    $8,300 new × 40% good × 1.85 allocation

    $6,200

  • Kitchen countertopsdefault

    $6,800 new × 40% good × 1.85 allocation

    $5,000

  • Decorative trimdefault

    $2,000 new × 40% good × 1.85 allocation

    $1,500

  • Mirrorsdefault

    $300 new × 40% good × 1.85 allocation

    $200

  • Shelvingdefault

    $1,200 new × 40% good × 1.85 allocation

    $900

  • Window coverings (11)default

    $2,800 new × 40% good × 1.85 allocation

    $2,000

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

    $7,400 new × 40% good × 1.85 allocation

    $5,500

  • Kitchen & laundry equipment plumbingdefault

    $6,500 new × 40% good × 1.85 allocation

    $4,800

  • Kitchen, laundry & data equipment electricaldefault

    $3,900 new × 40% good × 1.85 allocation

    $2,900

  • Appliances (range, dishwasher, refrigerator)listing

    $5,000 new × 40% good × 1.85 allocation

    $3,700

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$25,800

  • Paving: driveway & walks (paved)default

    $7,000 new × 50% good × 1.85 allocation

    $6,500

  • Landscaping (typical)default

    $6,800 new × 50% good × 1.85 allocation

    $6,300

  • Patiosdefault

    $1,100 new × 50% good × 1.85 allocation

    $1,100

  • Decks & porches (attached)listing

    $12,900 new × 50% good × 1.85 allocation

    $12,000
Building, 39-year$131,200

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

    $123,800 new × 45% good × 1.85 allocation

    $103,300

  • Building plumbing & fixturesdefault

    $12,900 new × 40% good × 1.85 allocation

    $9,500

  • Building electrical & lightingdefault

    $11,800 new × 40% good × 1.85 allocation

    $8,800

  • HVACdefault

    $12,900 new × 40% good × 1.85 allocation

    $9,600

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$52,200$25,800$100$78,200
2$0$0$3,400$3,400
3$0$0$3,400$3,400
4$0$0$3,400$3,400
5$0$0$3,400$3,400
6+$0$0$117,600$117,600
Total$52,200$25,800$131,200$209,300

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.