12026 OH 93
Logan, OH 43138
$475,000
3 bd · 1 ba · 1,056 sqft · Listed 1d ago
View on Realtor.com →Year built
1972
Sqft
1,056
Lot sqft
1,367,348
HOA / mo
$0
Furnished
No
List date
2026-10-16T14:33:42.000000Z
Revenue
Annual revenue
$51,527
ADR
$248
Occupancy
57%
Cleaning fees (12 mo)
$6,987
Confidence
Low (48.84), 11 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $50,288
Hocking Hills - Homestead 1835
House · 3 bd · 2 ba · sleeps 6 · 1.6 mi
Revenue $46,624ADR $218Occ ≈ 59%5★ (159)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Bearway to Heaven | Hocking Hills, Theater Cabin | 3 bd · 2 ba · sleeps 6 | $31,648 | $261 | 33% | 4.9★ (269) | 0.8 mi | AirbnbVrbo |
Beautiful Brand New Cabin in the Hocking Hills Cabin | 3 bd · 2 ba · sleeps 6 | $32,149 | $409 | 22% | 4.9★ (26) | 0.8 mi | AirbnbVrbo |
Bearway to Heaven, Movie Theater, Large Decks view Cabin | 3 bd · 2 ba · sleeps 6 | $60,714 | $314 | 53% | 4.9★ (285) | 0.9 mi | AirbnbVrbo |
Pine Run-Hocking Hills:13 Acres.Hot Tub.Disc Golf Cabin | 3 bd · 1.5 ba · sleeps 8 | $65,153 | $323 | 55% | 4.9★ (202) | 0.9 mi | AirbnbVrbo |
Cabin with Hot Tub~Firepit~Games Cabin | 3 bd · 1.5 ba · sleeps 7 | $53,886 | $218 | 68% | 5★ (114) | 0.9 mi | AirbnbVrbo |
Wooded Getaway, Hot Tub & Pet-Friendly Cabin | 3 bd · 2 ba · sleeps 6 | $50,288 | $360 | 38% | 4.8★ (227) | 1.1 mi | AirbnbVrbo |
Hideaway Pines Cabin Cabin | 3 bd · 1 ba · sleeps 7 | $1,686 | $240 | 2% | — | 1.2 mi | Vrbo |
Hocking Hills - Homestead 1835 House | 3 bd · 2 ba · sleeps 6 | $46,624 | $218 | 59% | 5★ (159) | 1.6 mi | Airbnb |
Hot Tub + Arcade | Fire Pit, Shuffleboard, Dogs OK Cabin | 3 bd · 2 ba · sleeps 6 | $72,449 | $280 | 71% | 5★ (164) | 1.7 mi | AirbnbVrboBooking |
Howdy’s Haven-RusticFarmhouse23acres Hocking Hills Cottage | 3 bd · 1 ba · sleeps 6 | $17,978 | $204 | 24% | 4.8★ (126) | 1.9 mi | AirbnbVrbo |
Show 1 more
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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium
Est. revenue
$51,527
NOI
$26,233
Cash flow /mo
-$465
Cash needed
$157,250
Cash-on-cash
-3.6%
ROE (yr 1)
7.3%
Cap rate
5.5%
DSCR
0.82
Year-1 write-off
$58,403
Year-1 tax shield @ 32%
$18,689
Year-1 return on equity
- Cash flow (annual)-$5,584
- Principal paydown$2,889
- Appreciation at%$14,250
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)$10,305
- Platform fees (3% of revenue)$1,546
- Maintenance / capex (5% of revenue)$2,576
- Utilities & supplies$4,200
- HOA$0
- Property tax$2,819
- Insurance (STR-rated)$3,848
Cash needed to close
- Down payment (25%)$118,750
- Closing costs (4.0%)$19,000
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$18,689
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
$133,000
Short-life (5/15-yr)
$39,000 · 29%
Year-1 deduction
$58,000
Year-1 tax shield @ 32%
$19,000
Land 72% (county tax record, market value split) · building $94,000 over 39 years · new furniture $20,000
Based on: 1,056 sq ft, built 1972, 3 bd / 1 ba, unfurnished, listing features (deck, fireplace, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $40,000 in year 1 (16% short-life, $13,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $4,500
Kitchen cabinetsdefault
$8,100 new × 40% good × 1.38 allocation
- $3,700
Kitchen countertopsdefault
$6,600 new × 40% good × 1.38 allocation
- $1,000
Decorative trimdefault
$1,800 new × 40% good × 1.38 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 1.38 allocation
- $700
Shelvingdefault
$1,200 new × 40% good × 1.38 allocation
- $1,500
Window coverings (11)default
$2,800 new × 40% good × 1.38 allocation
- $1,900
Carpet, vinyl & laminate (50% of floors)listing
$3,400 new × 40% good × 1.38 allocation
- $3,500
Kitchen & laundry equipment plumbingdefault
$6,300 new × 40% good × 1.38 allocation
- $2,100
Kitchen, laundry & data equipment electricaldefault
$3,800 new × 40% good × 1.38 allocation
- $1,800
Appliances (dishwasher, refrigerator)listing
$3,200 new × 40% good × 1.38 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $4,700
Paving: driveway & walks (paved)default
$6,700 new × 50% good × 1.38 allocation
- $4,500
Landscaping (typical)default
$6,500 new × 50% good × 1.38 allocation
- $700
Patiosdefault
$1,000 new × 50% good × 1.38 allocation
- $8,200
Decks & porches (attached)listing
$11,900 new × 50% good × 1.38 allocation
- $63,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$114,000 new × 40% good × 1.38 allocation
- $6,500
Building plumbing & fixturesdefault
$11,800 new × 40% good × 1.38 allocation
- $5,900
Building electrical & lightingdefault
$10,700 new × 40% good × 1.38 allocation
- $6,600
HVACdefault
$11,900 new × 40% good × 1.38 allocation
- $1,900
Hardwood & tile floorsdefault
$3,400 new × 40% good × 1.38 allocation
- $1,500
Fireplacelisting
$2,600 new × 40% good × 1.38 allocation
- $8,300
Septic systemlisting
$12,000 new × 50% good × 1.38 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $40,200 | $18,100 | $100 | $58,400 |
| 2 | $0 | $0 | $2,400 | $2,400 |
| 3 | $0 | $0 | $2,400 | $2,400 |
| 4 | $0 | $0 | $2,400 | $2,400 |
| 5 | $0 | $0 | $2,400 | $2,400 |
| 6+ | $0 | $0 | $84,100 | $84,100 |
| Total | $40,200 | $18,100 | $93,800 | $152,100 |
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, 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.