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537 Edgehill Cir

537 Edgehill Cir

Logan, OH 43138

$260,000

2 bd · 2 ba · 1,553 sqft · Listed 1d ago

View on Realtor.com →
Low confidence

Year built

2004

Sqft

1,553

Lot sqft

2,178

HOA / mo

$300

Furnished

No

List date

2026-09-29T17:42:07.000000Z

Revenue

Annual revenue

$25,626

ADR

$128

Occupancy

55%

Cleaning fees (12 mo)

$3,431

Confidence

Low (39.75), 6 comps

Comp revenue range (p25 / median / p75)

$14,751$20,431$35,984

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    House · 2 bd · 1 ba · sleeps 4 · 0.4 mi

    Revenue $23,460ADR $143Occ ≈ 45%5★ (41)

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  • 1875 Historic Home · Walkable Downtown Logan

    House · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    Revenue $44,701ADR $152Occ ≈ 81%5★ (354)

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  • Glidden's Getaway, Downtown Logan

    House · 2 bd · 1 ba · sleeps 5 · 0.5 mi

    Revenue $13,867ADR $131Occ ≈ 29%4.8★ (85)

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  • Harvest Cottage on Orchard

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

    Revenue $7,829ADR $171Occ ≈ 13%4.8★ (29)

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  • Hocking Hills | Cozy Downtown Loft w/Porch

    Loft · 2 bd · 1 ba · sleeps 5 · 0.7 mi

    Revenue $17,402ADR $176Occ ≈ 27%4.9★ (105)

    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

Est. revenue

$25,626

NOI

$6,061

Cash flow /mo

$505

Cash needed

$286,400

Cash-on-cash (all cash)

2.1%

ROE (yr 1)

4.8%

Cap rate

2.3%

DSCR

—

Year-1 write-off

$51,207

Year-1 tax shield @ 32%

$16,386

Year-1 return on equity

  • Cash flow (annual)$6,061
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$7,800
ROE4.8%

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)$5,125
  • Platform fees (3% of revenue)$769
  • Maintenance / capex (5% of revenue)$1,281
  • Utilities & supplies$4,200
  • HOA$3,600
  • Property tax$2,484
  • Insurance (STR-rated)$2,106

Cash needed to close

  • Purchase price (all cash)$260,000
  • Closing costs (4.0%)$10,400
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$16,386

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

$238,000

Short-life (5/15-yr)

$35,000 · 15%

Year-1 deduction

$51,000

Year-1 tax shield @ 32%

$16,000

Land 8% (county tax record, market value split) · building $204,000 over 39 years · new furniture $16,000

Based on: 1,553 sq ft, built 2004, 2 bd / 2 ba, unfurnished, listing features (flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $39,000 in year 1 (9% short-life, $12,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$50,600

  • Kitchen cabinetsdefault

    $9,200 new × 40% good × 1.53 allocation

    $5,600

  • Kitchen countertopsdefault

    $7,500 new × 40% good × 1.53 allocation

    $4,600

  • Decorative trimdefault

    $2,700 new × 40% good × 1.53 allocation

    $1,700

  • Mirrorsdefault

    $300 new × 40% good × 1.53 allocation

    $200

  • Shelvingdefault

    $900 new × 40% good × 1.53 allocation

    $600

  • Window coverings (16)default

    $4,000 new × 40% good × 1.53 allocation

    $2,400

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

    $10,000 new × 40% good × 1.53 allocation

    $6,100

  • Kitchen & laundry equipment plumbingdefault

    $7,200 new × 56% good × 1.53 allocation

    $6,100

  • Kitchen, laundry & data equipment electricaldefault

    $4,300 new × 56% good × 1.53 allocation

    $3,700

  • Appliances (range, microwave, dishwasher, refrigerator)listing

    $5,700 new × 40% good × 1.53 allocation

    $3,500

  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
Building, 39-year$203,500

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

    $168,500 new × 63% good × 1.53 allocation

    $163,300

  • Building plumbing & fixturesdefault

    $17,400 new × 56% good × 1.53 allocation

    $15,000

  • Building electrical & lightingdefault

    $17,000 new × 56% good × 1.53 allocation

    $14,500

  • HVACdefault

    $17,500 new × 40% good × 1.53 allocation

    $10,700

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$50,600$0$700$51,200
2$0$0$5,200$5,200
3$0$0$5,200$5,200
4$0$0$5,200$5,200
5$0$0$5,200$5,200
6+$0$0$182,000$182,000
Total$50,600$0$203,500$254,100

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 and Georgia 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.