32388 Lilac Ln
Logan, OH 43138
$439,900
3 bd · 2 ba · 1,687 sqft · Listed today
View on Realtor.com →Year built
2021
Sqft
1,687
Lot sqft
13,068
HOA / mo
$0
Furnished
No
List date
2026-10-03T08:02:55.000000Z
Revenue
Annual revenue
$43,595
ADR
$388
Occupancy
31%
Cleaning fees (12 mo)
$4,625
Confidence
Low (41.63), 7 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $33,713
Scotts Creek Cabins - Hem Loch
Cabin · 3 bd · 1 ba · sleeps 12 · 0.3 mi
Revenue $77,429ADR $762Occ ≈ 28%4.8★ (31)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Scotts Creek Cabins - Hem Loch Cabin | 3 bd · 1 ba · sleeps 12 | $77,429 | $762 | 28% | 4.8★ (31) | 0.3 mi | Airbnb |
Scotts Creek Cabins - Hilltop Cabin | 2 bd · 1 ba · sleeps 4 | $16,746 | $277 | 17% | 5★ (30) | 0.4 mi | AirbnbVrbo |
Scotts Creek Cabins-Original-Private Pool Cabin | 2 bd · 1 ba · sleeps 6 | $31,260 | $326 | 26% | 4.9★ (45) | 0.4 mi | AirbnbVrbo |
Scotts Creek Cabins - Valleyview Cabin | 3 bd · 2 ba · sleeps 10 | $39,509 | $453 | 24% | 5★ (9) | 0.4 mi | AirbnbVrbo |
Hocking Hills 125 Acre, Pet Friendly, 62Jet HotTub Cabin | 3 bd · 2.5 ba · sleeps 10 | $67,499 | $445 | 42% | 4.8★ (123) | 0.5 mi | AirbnbVrboBooking |
Wildwood Cabin Sports and Fun Cabin | 4 bd · 2 ba · sleeps 8 | $16,948 | $313 | 15% | 5★ (5) | 0.5 mi | AirbnbVrboBooking |
Vintage Vibes! Mid Century style w/ modern comfort Vacation home | 2 bd · 2 ba · sleeps 4 | $33,713 | $215 | 43% | 5★ (163) | 0.6 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
$43,595
NOI
$23,096
Cash flow /mo
-$503
Cash needed
$147,071
Cash-on-cash
-4.1%
ROE (yr 1)
6.7%
Cap rate
5.3%
DSCR
0.79
Year-1 write-off
$102,016
Year-1 tax shield @ 32%
$32,645
Year-1 return on equity
- Cash flow (annual)-$6,037
- Principal paydown$2,740
- Appreciation at%$13,197
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)$8,719
- Platform fees (3% of revenue)$1,308
- Maintenance / capex (5% of revenue)$2,180
- Utilities & supplies$4,200
- HOA$0
- Property tax$529
- Insurance (STR-rated)$3,563
Cash needed to close
- Down payment (25%)$109,975
- Closing costs (4.0%)$17,596
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$32,645
No county tax record split for property tax, insurance rate and the land/building split, so those use market defaults — edit the price above; 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
$352,000
Short-life (5/15-yr)
$82,000 · 23%
Year-1 deduction
$102,000
Year-1 tax shield @ 32%
$33,000
Land 20% (market default, no usable tax-record split) · building $270,000 over 39 years · new furniture $20,000
Based on: 1,687 sq ft, built 2021, 3 bd / 2 ba, unfurnished, listing features (patio, fence, stone counters, flooring types, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $77,000 in year 1 (16% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,300
Kitchen cabinetsdefault
$9,500 new × 80% good × 1.23 allocation
- $9,500
Kitchen countertops (stone)listing
$9,700 new × 80% good × 1.23 allocation
- $2,900
Decorative trimdefault
$3,000 new × 80% good × 1.23 allocation
- $200
Mirrorsdefault
$300 new × 58% good × 1.23 allocation
- $1,200
Shelvingdefault
$1,200 new × 80% good × 1.23 allocation
- $2,600
Window coverings (17)default
$4,300 new × 50% good × 1.23 allocation
- $3,900
Carpet, vinyl & laminate (50% of floors)listing
$5,400 new × 58% good × 1.23 allocation
- $8,200
Kitchen & laundry equipment plumbingdefault
$7,400 new × 90% good × 1.23 allocation
- $4,900
Kitchen, laundry & data equipment electricaldefault
$4,500 new × 90% good × 1.23 allocation
- $4,100
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 58% good × 1.23 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $8,300
Paving: driveway & walks (paved)default
$8,500 new × 80% good × 1.23 allocation
- $8,000
Landscaping (typical)default
$8,200 new × 80% good × 1.23 allocation
- $7,400
Patioslisting
$7,600 new × 80% good × 1.23 allocation
- $1,500
Decks & porches (attached)default
$1,700 new × 75% good × 1.23 allocation
- $5,500
Fencinglisting
$6,000 new × 75% good × 1.23 allocation
- $4,600
Gazebo / pergolalisting
$5,000 new × 75% good × 1.23 allocation
- $205,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$182,800 new × 92% good × 1.23 allocation
- $20,900
Building plumbing & fixturesdefault
$19,000 new × 90% good × 1.23 allocation
- $20,600
Building electrical & lightingdefault
$18,700 new × 90% good × 1.23 allocation
- $17,500
HVACdefault
$19,000 new × 75% good × 1.23 allocation
- $5,300
Hardwood & tile floorsdefault
$5,400 new × 80% good × 1.23 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $66,300 | $35,500 | $300 | $102,000 |
| 2 | $0 | $0 | $6,900 | $6,900 |
| 3 | $0 | $0 | $6,900 | $6,900 |
| 4 | $0 | $0 | $6,900 | $6,900 |
| 5 | $0 | $0 | $6,900 | $6,900 |
| 6+ | $0 | $0 | $241,700 | $241,700 |
| Total | $66,300 | $35,500 | $269,700 | $371,400 |
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.