35990 Greasy Ridge Rd
Logan, OH 43138
$289,900
2 bd · 2 ba · 820 sqft · Listed 1d ago
View on Realtor.com →Year built
2026
Sqft
820
Lot sqft
31,363
HOA / mo
$0
Furnished
No
List date
2026-10-06T18:34:18.000000Z
Revenue
Annual revenue
$39,177
ADR
$240
Occupancy
45%
Cleaning fees (12 mo)
$3,892
Confidence
Low (26.5), 19 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $28,120
Newly listed Yurts in Hocking County
Cabin · 1 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $26,238ADR $279Occ ≈ 26%4.8★ (59)
Gray Yurt in Hocking
Cabin · 1 bd · 1 ba · sleeps 4 · 0.4 mi
Revenue $38,559ADR $269Occ ≈ 39%5★ (80)
"Breathe Inn" Haven in the Woods in Hocking Hills
Cabin · 3 bd · 3 ba · sleeps 10 · 0.8 mi
Revenue $14,864ADR $417Occ ≈ 10%5★ (17)
Hills of Hocking, Nature Oasis (king bed)
Cabin · 1 bd · 1 ba · sleeps 2 · 1.0 mi
Revenue $73,210ADR $244Occ ≈ 82%5★ (135)
The Tiny Retreat
Tiny house · 1 bd · 1 ba · sleeps 2 · 1.1 mi
Revenue $4,290ADR $120Occ ≈ 10%5★ (9)
Hot tub + Games + Fireplace + 30 Private Acres
Cabin · 3 bd · 3 ba · sleeps 8 · 1.4 mi
Revenue $4,593ADR $270Occ ≈ 5%5★ (1)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Newly listed Yurts in Hocking County Cabin | 1 bd · 1 ba · sleeps 4 | $26,238 | $279 | 26% | 4.8★ (59) | 0.3 mi | Vrbo |
Gray Yurt in Hocking Cabin | 1 bd · 1 ba · sleeps 4 | $38,559 | $269 | 39% | 5★ (80) | 0.4 mi | Vrbo |
Almas Retreat Tiny house | 1 bd · 1 ba · sleeps 2 | $39,536 | $225 | 48% | 4.9★ (162) | 0.8 mi | AirbnbVrbo |
"Breathe Inn" Haven in the Woods in Hocking Hills Cabin | 3 bd · 3 ba · sleeps 10 | $14,864 | $417 | 10% | 5★ (17) | 0.8 mi | Airbnb |
"Windsong" - Luxury Cabin in the Woods Cabin | 1 bd · 1 ba · sleeps 2 | $78,385 | $289 | 74% | 5★ (86) | 0.9 mi | AirbnbVrbo |
Hills of Hocking, Nature Oasis (king bed) Cabin | 1 bd · 1 ba · sleeps 2 | $73,210 | $244 | 82% | 5★ (135) | 1.0 mi | Airbnb |
The Tiny Retreat Tiny house | 1 bd · 1 ba · sleeps 2 | $4,290 | $120 | 10% | 5★ (9) | 1.1 mi | Airbnb |
Hickory House | Hocking Hills, 30 Acres, Pets Cabin | 3 bd · 2.5 ba · sleeps 11 | $64,773 | $424 | 42% | 4.5★ (68) | 1.2 mi | AirbnbVrbo |
Stone Settler | Hocking Hills, 30 Acres, Pets Cabin | 3 bd · 3 ba · sleeps 8 | $69,390 | $365 | 52% | 4.7★ (41) | 1.3 mi | AirbnbVrbo |
Hot tub + Games + Fireplace + 30 Private Acres Cabin | 3 bd · 3 ba · sleeps 8 | $4,593 | $270 | 5% | 5★ (1) | 1.4 mi | Airbnb |
Show 9 more
Great cabin with 30 private acres, pond, lower level "saloon style" game room!
Cabin · 3 bd · 3 ba · sleeps 11 · 1.4 mi
Revenue $4,395ADR $353Occ ≈ 3%4.5★ (40)
Beautiful hilltop cabin on 30 acres. Rustic charm and Hocking Hills living at its best!
Cabin · 3 bd · 3 ba · sleeps 8 · 1.6 mi
Revenue $59,184ADR $333Occ ≈ 49%4.7★ (13)
Three bedroom house 15 minutes from old man’s cave in the amazing Hocking Hills.
House · 3 bd · 2 ba · sleeps 10 · 1.7 mi
Revenue $498ADR $249Occ ≈ 1%4.9★
Bird Nest Apt: private lower level apartment
Apartment · 2 bd · 1 ba · sleeps 6 · 2.0 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $30,916ADR $159Occ ≈ 53%5★ (825)
Rustic Lodge Cabin | Sleeps 12 | Hocking Hills
Cabin · 3 bd · 3 ba · sleeps 12 · 2.1 mi
Revenue $22,884ADR $394Occ ≈ 16%4.5★ (5)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Great cabin with 30 private acres, pond, lower level "saloon style" game room! Cabin | 3 bd · 3 ba · sleeps 11 | $4,395 | $353 | 3% | 4.5★ (40) | 1.4 mi | Vrbo |
Beautiful hilltop cabin on 30 acres. Rustic charm and Hocking Hills living at its best! Cabin | 3 bd · 3 ba · sleeps 8 | $59,184 | $333 | 49% | 4.7★ (13) | 1.6 mi | Vrbo |
Three bedroom house 15 minutes from old man’s cave in the amazing Hocking Hills. House | 3 bd · 2 ba · sleeps 10 | $498 | $249 | 1% | 4.9★ | 1.7 mi | Vrbo |
Cozy Cabana - Hocking Hills - Logan Ohio Cabin | 1 bd · 1 ba · sleeps 2 | $28,120 | $167 | 46% | 4.9★ (510) | 1.8 mi | AirbnbVrbo |
The Tiny Haven Tiny house | 1 bd · 1 ba · sleeps 4 | $16,508 | $98 | 46% | 4.8★ (74) | 1.8 mi | AirbnbVrbo |
Evergreen Hideaway - Hocking Hills - Logan Ohio Cabin | 1 bd · 1 ba · sleeps 2 | $43,169 | $218 | 54% | 5★ (541) | 1.9 mi | AirbnbVrbo |
Bird Nest Apt: private lower level apartment Apartment
| 2 bd · 1 ba · sleeps 6 | $30,916 | $159 | 53% | 5★ (825) | 2.0 mi | Airbnb |
Rustic Lodge Cabin | Sleeps 12 | Hocking Hills Cabin | 3 bd · 3 ba · sleeps 12 | $22,884 | $394 | 16% | 4.5★ (5) | 2.1 mi | Airbnb |
Birdie Suite by The Inn & Spa at Cedar Falls Condominium (condo) | 1 bd · 1 ba · sleeps 2 | $25,252 | $383 | 18% | — | 2.1 mi | 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
Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium
Est. revenue
$39,177
NOI
$20,959
Cash flow /mo
$147
Cash needed
$100,071
Cash-on-cash
1.8%
ROE (yr 1)
12.3%
Cap rate
7.2%
DSCR
1.09
Year-1 write-off
$53,242
Year-1 tax shield @ 32%
$17,037
Year-1 return on equity
- Cash flow (annual)$1,760
- Principal paydown$1,806
- Appreciation at%$8,697
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)$7,835
- Platform fees (3% of revenue)$1,175
- Maintenance / capex (5% of revenue)$1,959
- Utilities & supplies$4,200
- HOA$0
- Property tax$700
- Insurance (STR-rated)$2,348
Cash needed to close
- Down payment (25%)$72,475
- Closing costs (4.0%)$11,596
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$17,037
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
$131,000
Short-life (5/15-yr)
$37,000 · 28%
Year-1 deduction
$53,000
Year-1 tax shield @ 32%
$17,000
Land 55% (county tax record, market value split) · building $94,000 over 39 years · new furniture $16,000
Based on: 820 sq ft, built 2026, 2 bd / 2 ba, unfurnished, listing features (septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $41,000 in year 1 (19% short-life, $13,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $5,500
Kitchen cabinetsdefault
$7,600 new × 100% good × 0.72 allocation
- $4,500
Kitchen countertopsdefault
$6,200 new × 100% good × 0.72 allocation
- $1,000
Decorative trimdefault
$1,400 new × 100% good × 0.72 allocation
- $200
Mirrorsdefault
$300 new × 100% good × 0.72 allocation
- $700
Shelvingdefault
$900 new × 100% good × 0.72 allocation
- $1,400
Window coverings (8)default
$2,000 new × 100% good × 0.72 allocation
- $1,500
Carpet, vinyl & laminate (40% of floors)default
$2,100 new × 100% good × 0.72 allocation
- $4,300
Kitchen & laundry equipment plumbingdefault
$5,900 new × 100% good × 0.72 allocation
- $2,600
Kitchen, laundry & data equipment electricaldefault
$3,600 new × 100% good × 0.72 allocation
- $5,900
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 100% good × 0.72 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $4,300
Paving: driveway & walks (paved)default
$5,900 new × 100% good × 0.72 allocation
- $4,100
Landscaping (typical)default
$5,700 new × 100% good × 0.72 allocation
- $600
Patiosdefault
$800 new × 100% good × 0.72 allocation
- $600
Decks & porches (attached)default
$800 new × 100% good × 0.72 allocation
- $63,900
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$88,400 new × 100% good × 0.72 allocation
- $6,600
Building plumbing & fixturesdefault
$9,200 new × 100% good × 0.72 allocation
- $5,500
Building electrical & lightingdefault
$7,700 new × 100% good × 0.72 allocation
- $6,700
HVACdefault
$9,200 new × 100% good × 0.72 allocation
- $2,300
Hardwood & tile floorsdefault
$3,200 new × 100% good × 0.72 allocation
- $8,700
Septic systemlisting
$12,000 new × 100% good × 0.72 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $43,600 | $9,600 | $100 | $53,200 |
| 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 | $83,900 | $83,900 |
| Total | $43,600 | $9,600 | $93,600 | $146,800 |
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.