29738 Fairhaven Dr
Logan, OH 43138
$224,900
3 bd · 1.5 ba · 1,332 sqft · Listed 6d ago
View on Realtor.com →Year built
1976
Sqft
1,332
Lot sqft
10,890
HOA / mo
None
Furnished
No
List date
2026-11-06T21:41:02.000000Z
Revenue
Annual revenue
$57,546
ADR
$295
Occupancy
53%
Cleaning fees (12 mo)
$8,058
Confidence
Med (58.01), 16 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $47,598
Blue Heron Cottage with Game Room, Deck & Hot Tub
Vacation home · 3 bd · 1 ba · sleeps 6 · 197 ft
Revenue $67,406ADR $310Occ ≈ 60%4.7★ (3)
Julia's Retreat-Log Cabin in the Heart of Hocking
Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $38,963ADR $279Occ ≈ 38%4.9★ (96)
Delisted
Cardinal Cottage | Lake Views & Hocking Hills
House · 3 bd · 2 ba · sleeps 7 · 0.5 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $518ADR $259Occ ≈ 1%—
Charming Log Cabin w/ Hot Tub Near Lake Logan
Cabin · 3 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $48,823ADR $257Occ ≈ 52%4.8★ (54)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Blue Heron Cottage with Game Room, Deck & Hot Tub Vacation home | 3 bd · 1 ba · sleeps 6 | $67,406 | $310 | 60% | 4.7★ (3) | 197 ft | Booking |
'Blue Heron Cottage' w/ Game Room, Deck & Hot Tub Cottage
| 3 bd · 1 ba · sleeps 6 | $33,601 | $250 | 37% | 4.8★ (28) | 203 ft | AirbnbVrboBooking |
Lake Front Oasis: 3 Bed 2 Ba Cottage on Lake Logan Cabin
| 3 bd · 2 ba · sleeps 6 | $82,159 | $336 | 67% | 4.8★ (113) | 0.2 mi | AirbnbVrbo |
Lakefront in Logan (In the heart of Hocking Hills) Cabin
| 3 bd · 2 ba · sleeps 9 | $71,260 | $371 | 53% | 4.7★ (110) | 0.3 mi | AirbnbVrbo |
Anchor Cottage on Lake Logan: 00369 Cottage
| 3 bd · 1.5 ba · sleeps 6 | $42,147 | $263 | 44% | 5★ (285) | 0.3 mi | AirbnbVrbo |
Julia's Retreat-Log Cabin in the Heart of Hocking Cabin | 3 bd · 2 ba · sleeps 8 | $38,963 | $279 | 38% | 4.9★ (96) | 0.3 mi | Delisted |
Fire Pit Nights | Game Room Fun | Quiet Ridge Cabin
| 3 bd · 2 ba · sleeps 8 | $46,373 | $336 | 38% | 5★ (23) | 0.3 mi | AirbnbVrbo |
Beautiful Hocking Hills Lake Front Cabin House
| 3 bd · 2 ba · sleeps 8 | $82,912 | $546 | 42% | 5★ (258) | 0.4 mi | AirbnbVrbo |
Cardinal Cottage | Lake Views & Hocking Hills House
| 3 bd · 2 ba · sleeps 7 | $518 | $259 | 1% | — | 0.5 mi | Airbnb |
Charming Log Cabin w/ Hot Tub Near Lake Logan Cabin | 3 bd · 2 ba · sleeps 6 | $48,823 | $257 | 52% | 4.8★ (54) | 0.5 mi | Delisted |
Show 2 more
Aspen - by The Chalets
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $69,614ADR $301Occ ≈ 63%4.2★ (4)
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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$57,546
NOI
$33,942
Cash flow /mo
$1,599
Cash needed
$84,721
Cash-on-cash
22.6%
ROE (yr 1)
32.3%
Cap rate
15.1%
DSCR
2.30
Year-1 write-off
$71,947
Year-1 tax shield @ 32%
$23,023
Year-1 return on equity
- Cash flow (annual)$19,189
- Principal paydown$1,429
- Appreciation at%$6,747
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)$11,509
- Platform fees (3% of revenue)$1,726
- Maintenance / capex (5% of revenue)$2,877
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,469
- Insurance (STR-rated)$1,822
Cash needed to close
- Down payment (25%)$56,225
- Closing costs (4.0%)$8,996
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$23,023
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
$180,000
Short-life (5/15-yr)
$52,000 · 29%
Year-1 deduction
$72,000
Year-1 tax shield @ 32%
$23,000
Land 20% (county tax record, market value split) · building $128,000 over 39 years · new furniture $20,000
Based on: 1,332 sq ft, built 1976, 3 bd / 1.5 ba, unfurnished, listing features (deck, fireplace, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $47,000 in year 1 (15% short-life, $15,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $5,700
Kitchen cabinetsdefault
$8,700 new × 40% good × 1.63 allocation
- $4,700
Kitchen countertopsdefault
$7,100 new × 40% good × 1.63 allocation
- $1,500
Decorative trimdefault
$2,300 new × 40% good × 1.63 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 1.63 allocation
- $800
Shelvingdefault
$1,200 new × 40% good × 1.63 allocation
- $2,100
Window coverings (13)default
$3,300 new × 40% good × 1.63 allocation
- $2,200
Carpet, vinyl & laminate (40% of floors)default
$3,400 new × 40% good × 1.63 allocation
- $4,400
Kitchen & laundry equipment plumbingdefault
$6,800 new × 40% good × 1.63 allocation
- $2,700
Kitchen, laundry & data equipment electricaldefault
$4,100 new × 40% good × 1.63 allocation
- $2,600
Appliances (range, refrigerator)listing
$4,000 new × 40% good × 1.63 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,200
Paving: driveway & walks (paved)default
$7,600 new × 50% good × 1.63 allocation
- $5,900
Landscaping (typical)default
$7,300 new × 50% good × 1.63 allocation
- $1,100
Patiosdefault
$1,300 new × 50% good × 1.63 allocation
- $12,200
Decks & porches (attached)listing
$15,000 new × 50% good × 1.63 allocation
- $94,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$144,200 new × 40% good × 1.63 allocation
- $9,800
Building plumbing & fixturesdefault
$14,900 new × 40% good × 1.63 allocation
- $9,300
Building electrical & lightingdefault
$14,200 new × 40% good × 1.63 allocation
- $9,800
HVACdefault
$15,000 new × 40% good × 1.63 allocation
- $3,400
Hardwood & tile floorsdefault
$5,100 new × 40% good × 1.63 allocation
- $1,700
Fireplacelisting
$2,600 new × 40% good × 1.63 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $46,400 | $25,400 | $100 | $71,900 |
| 2 | $0 | $0 | $3,300 | $3,300 |
| 3 | $0 | $0 | $3,300 | $3,300 |
| 4 | $0 | $0 | $3,300 | $3,300 |
| 5 | $0 | $0 | $3,300 | $3,300 |
| 6+ | $0 | $0 | $114,900 | $114,900 |
| Total | $46,400 | $25,400 | $128,200 | $200,000 |
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.