34008 W Buckingham Rd
Logan, OH 43138
$495,000
3 bd · 2 ba · 2,108 sqft · Listed 1d ago
View on Realtor.com →Year built
2005
Sqft
2,108
Lot sqft
483,952
HOA / mo
$0
Furnished
No
List date
2026-10-02T21:16:15.000000Z
Revenue
Annual revenue
$76,864
ADR
$453
Occupancy
46%
Cleaning fees (12 mo)
$13,125
Confidence
Med (60.58), 5 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $57,327
Buckingham Woods I Hocking Hills
Vacation home · 3 bd · 2 ba · sleeps 7 · 0.5 mi
Revenue $57,327ADR $296Occ ≈ 53%4.5★ (4)
Scotts Creek Cabins - Hem Loch
Cabin · 3 bd · 1 ba · sleeps 12 · 0.7 mi
Revenue $41,983ADR $1,032Occ ≈ 11%5★ (1)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Private Hocking Hills Retreat Near All Attractions Cabin | 3 bd · 2 ba · sleeps 7 | $52,292 | $255 | 56% | 5★ (111) | 0.4 mi | AirbnbVrboBooking |
Log Cabin * Sleeps 10 * Hot Tub * Hocking Hills Cabin | 3 bd · 2 ba · sleeps 10 | $91,049 | $477 | 52% | 5★ (117) | 0.4 mi | AirbnbVrboBooking |
Grizzly Ridge | Hocking Hills, Pool, Hot Tub Cabin | 3 bd · 3 ba · sleeps 10 | $106,437 | $641 | 45% | 4.8★ (85) | 0.5 mi | AirbnbVrbo |
Buckingham Woods I Hocking Hills Vacation home | 3 bd · 2 ba · sleeps 7 | $57,327 | $296 | 53% | 4.5★ (4) | 0.5 mi | Booking |
Scotts Creek Cabins - Hem Loch Cabin | 3 bd · 1 ba · sleeps 12 | $41,983 | $1,032 | 11% | 5★ (1) | 0.7 mi | Vrbo |
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
$76,864
NOI
$43,726
Cash flow /mo
$912
Cash needed
$169,050
Cash-on-cash
6.5%
ROE (yr 1)
17.1%
Cap rate
8.8%
DSCR
1.33
Year-1 write-off
$95,790
Year-1 tax shield @ 32%
$30,653
Year-1 return on equity
- Cash flow (annual)$10,943
- Principal paydown$3,083
- Appreciation at%$14,850
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)$15,373
- Platform fees (3% of revenue)$2,306
- Maintenance / capex (5% of revenue)$3,843
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,407
- Insurance (STR-rated)$4,010
Cash needed to close
- Down payment (25%)$123,750
- Closing costs (4.0%)$19,800
- Furnishing (bought new)$25,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$30,653
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
$372,000
Short-life (5/15-yr)
$70,000 · 19%
Year-1 deduction
$96,000
Year-1 tax shield @ 32%
$31,000
Land 25% (county tax record, market value split) · building $302,000 over 39 years · new furniture $26,000
Based on: 2,108 sq ft, built 2005, 3 bd / 2 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, stone counters, flooring types, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $62,000 in year 1 (10% short-life, $20,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,300
Kitchen cabinetsdefault
$10,400 new × 40% good × 1.52 allocation
- $6,500
Kitchen countertops (stone)listing
$10,700 new × 40% good × 1.52 allocation
- $2,200
Decorative trimdefault
$3,700 new × 40% good × 1.52 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.52 allocation
- $700
Shelvingdefault
$1,200 new × 40% good × 1.52 allocation
- $3,200
Window coverings (21)default
$5,300 new × 40% good × 1.52 allocation
- $7,200
Kitchen & laundry equipment plumbingdefault
$8,100 new × 58% good × 1.52 allocation
- $4,300
Kitchen, laundry & data equipment electricaldefault
$4,900 new × 58% good × 1.52 allocation
- $3,500
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 40% good × 1.52 allocation
- $5,500
Hot tub (freestanding)listing
$9,000 new × 40% good × 1.52 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $7,200
Paving: driveway & walks (paved)default
$9,500 new × 50% good × 1.52 allocation
- $3,500
Landscaping (minimal)listing
$4,600 new × 50% good × 1.52 allocation
- $1,600
Patiosdefault
$2,100 new × 50% good × 1.52 allocation
- $18,000
Decks & porches (attached)listing
$23,700 new × 50% good × 1.52 allocation
- $226,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$228,800 new × 65% good × 1.52 allocation
- $20,900
Building plumbing & fixturesdefault
$23,700 new × 58% good × 1.52 allocation
- $21,200
Building electrical & lightingdefault
$24,000 new × 58% good × 1.52 allocation
- $14,500
HVACdefault
$23,700 new × 40% good × 1.52 allocation
- $8,300
Hardwood & tile floorsdefault
$13,600 new × 40% good × 1.52 allocation
- $1,600
Fireplacelisting
$2,600 new × 40% good × 1.52 allocation
- $9,100
Septic systemlisting
$12,000 new × 50% good × 1.52 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $65,100 | $30,400 | $300 | $95,800 |
| 2 | $0 | $0 | $7,700 | $7,700 |
| 3 | $0 | $0 | $7,700 | $7,700 |
| 4 | $0 | $0 | $7,700 | $7,700 |
| 5 | $0 | $0 | $7,700 | $7,700 |
| 6+ | $0 | $0 | $270,600 | $270,600 |
| Total | $65,100 | $30,400 | $301,900 | $397,400 |
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.