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19460 State Route 180

19460 State Route 180

Laurelville, OH 43135

$280,000

3 bd · 1 ba · 1,557 sqft · Listed 1d ago

View on Realtor.com →

Year built

1949

Sqft

1,557

Lot sqft

66,211

HOA / mo

$0

Furnished

No

List date

2026-10-28T14:01:34.000000Z

Revenue

Annual revenue

$31,355

ADR

$169

Occupancy

51%

Cleaning fees (12 mo)

$3,120

Confidence

Med (61.98), 9 comps

Comp revenue range (p25 / median / p75)

$25,577$31,700$42,554

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

Median revenue of shown comps: $31,700

  • Cabin Sweet Cabin in Hocking Hills Ohio

    Cabin · 2 bd · 1 ba · sleeps 4 · 138 ft

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +1

    Revenue $25,577ADR $165Occ ≈ 42%4.5★ (141)

    AirbnbVrbo

  • Cozy cabin in Hocking Hills, Wifi, close to all attractions of Oldman cave .

    Cabin · 2 bd · 1 ba · sleeps 4 · 243 ft

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +1

    Revenue $27,341ADR $185Occ ≈ 40%4.2★ (38)

    Vrbo

  • Cedar Wrapped Cozy Villa Cabin - 4 miles from Trails

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $46,952ADR $290Occ ≈ 44%5★ (1)

    Booking

  • Cedar Villa Cabin in Hocking Hills Near Trails

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $34,129ADR $228Occ ≈ 41%4.9★ (17)

    AirbnbVrboBooking

  • Laurelville Cabin < 11 Mi to Old Man's Cave!

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $31,700ADR $155Occ ≈ 56%4★ (34)

    AirbnbBooking

  • Private Modern Cabin Minutes to Trails

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $43,427ADR $265Occ ≈ 45%4.9★ (76)

    Airbnb

  • Hocking Hills Aframe - Unique stay in the woods

    Place · 2 bd · 1 ba · sleeps 6 · 0.6 mi

    • Fireplace

    Revenue $42,554ADR $210Occ ≈ 56%4.9★ (33)

    AirbnbVrbo

  • Curly's 3BR Hocking Hills- Hot Tub! Game Room

    House · 3 bd · 1 ba · sleeps 8 · 0.6 mi

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

    Revenue $12,774ADR $192Occ ≈ 18%4.8★ (109)

    AirbnbVrbo

  • Curly's Paradise | Hocking, Game Room, Hot Tub

    Cabin · 3 bd · 1 ba · sleeps 7 · 0.7 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $16,782ADR $263Occ ≈ 17%4.7★ (9)

    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

$31,355

NOI

$14,392

Cash flow /mo

$1,199

Cash needed

$310,700

Cash-on-cash (all cash)

4.6%

ROE (yr 1)

7.3%

Cap rate

5.1%

DSCR

—

Year-1 write-off

$72,778

Year-1 tax shield @ 32%

$23,289

Year-1 return on equity

  • Cash flow (annual)$14,392
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$8,400
ROE7.3%

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)$6,271
  • Platform fees (3% of revenue)$941
  • Maintenance / capex (5% of revenue)$1,568
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$1,716
  • Insurance (STR-rated)$2,268

Cash needed to close

  • Purchase price (all cash)$280,000
  • Closing costs (4.0%)$11,200
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$23,289

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

$208,000

Short-life (5/15-yr)

$53,000 · 26%

Year-1 deduction

$73,000

Year-1 tax shield @ 32%

$23,000

Land 26% (county tax record, market value split) · building $155,000 over 39 years · new furniture $20,000

Based on: 1,557 sq ft, built 1949, 3 bd / 1 ba, unfurnished, listing features (flooring types, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $58,000 in year 1 (18% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$55,200

  • Kitchen cabinetsdefault

    $9,200 new × 40% good × 1.64 allocation

    $6,000

  • Kitchen countertopsdefault

    $7,500 new × 40% good × 1.64 allocation

    $4,900

  • Decorative trimdefault

    $2,700 new × 40% good × 1.64 allocation

    $1,800

  • Mirrorsdefault

    $200 new × 40% good × 1.64 allocation

    $100

  • Shelvingdefault

    $1,200 new × 40% good × 1.64 allocation

    $800

  • Window coverings (16)default

    $4,000 new × 40% good × 1.64 allocation

    $2,600

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

    $10,000 new × 40% good × 1.64 allocation

    $6,600

  • Kitchen & laundry equipment plumbingdefault

    $7,200 new × 40% good × 1.64 allocation

    $4,700

  • Kitchen, laundry & data equipment electricaldefault

    $4,300 new × 40% good × 1.64 allocation

    $2,800

  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default

    $8,100 new × 40% good × 1.64 allocation

    $5,300

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$17,400

  • Paving: driveway & walks (paved)default

    $10,200 new × 50% good × 1.64 allocation

    $8,400

  • Landscaping (typical)default

    $7,900 new × 50% good × 1.64 allocation

    $6,500

  • Patiosdefault

    $1,500 new × 50% good × 1.64 allocation

    $1,300

  • Decks & porches (attached)default

    $1,500 new × 50% good × 1.64 allocation

    $1,300
Building, 39-year$154,800

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

    $168,800 new × 40% good × 1.64 allocation

    $110,800

  • Building plumbing & fixturesdefault

    $17,500 new × 40% good × 1.64 allocation

    $11,500

  • Building electrical & lightingdefault

    $17,000 new × 40% good × 1.64 allocation

    $11,200

  • HVACdefault

    $17,500 new × 40% good × 1.64 allocation

    $11,500

  • Septic systemlisting

    $12,000 new × 50% good × 1.64 allocation

    $9,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$55,200$17,400$200$72,800
2$0$0$4,000$4,000
3$0$0$4,000$4,000
4$0$0$4,000$4,000
5$0$0$4,000$4,000
6+$0$0$138,800$138,800
Total$55,200$17,400$154,800$227,400

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.