37630 Price Rd
Logan, OH 43138
$785,000
4 bd · 2.5 ba · 1,462 sqft · Listed 1d ago
View on Realtor.com →Year built
2018
Sqft
1,462
Lot sqft
435,600
HOA / mo
$0
Furnished
No
List date
2026-10-10T16:51:46.000000Z
Revenue
Annual revenue
$63,163
ADR
$437
Occupancy
40%
Cleaning fees (12 mo)
$7,973
Confidence
Low (—), 4 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $62,732
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 40-Acre Cabin w/Hot Tub & Trails | Hocking Hills Cabin
| 4 bd · 3 ba · sleeps 12 | $66,224 | $477 | 38% | 5★ (163) | 0.3 mi | AirbnbVrbo |
 Ridge top cabin with hot tub and movie theater Cabin
| 4 bd · 2 ba · sleeps 8 | $59,239 | $298 | 54% | 4.9★ (119) | 1.5 mi | AirbnbVrboBooking |
 Hocking Hills Hideaway Log Cabin Cabin
| 4 bd · 3 ba · sleeps 10 | $55,576 | $532 | 29% | 5★ (161) | 1.5 mi | AirbnbVrbo |
 Private 12-Acre Retreat | Hot Tub + Game Room Cabin
| 4 bd · 3.5 ba · sleeps 8 | $68,594 | $415 | 45% | 5★ (133) | 1.9 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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$63,163
NOI
$21,556
Cash flow /mo
-$2,585
Cash needed
$250,650
Cash-on-cash
-12.4%
ROE (yr 1)
-1.1%
Cap rate
2.7%
DSCR
0.41
Year-1 write-off
$173,829
Year-1 tax shield @ 32%
$55,625
Year-1 return on equity
- Cash flow (annual)-$31,025
- Principal paydown$4,774
- Appreciation at%$23,550
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)$12,633
- Platform fees (3% of revenue)$1,895
- Maintenance / capex (5% of revenue)$3,158
- Utilities & supplies$4,200
- HOA$0
- Property tax$13,363
- Insurance (STR-rated)$6,359
Cash needed to close
- Down payment (25%)$196,250
- Closing costs (4.0%)$31,400
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$55,625
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
$675,000
Short-life (5/15-yr)
$150,000 · 22%
Year-1 deduction
$174,000
Year-1 tax shield @ 32%
$56,000
Land 14% (county tax record, market value split) · building $525,000 over 39 years · new furniture $23,000
Based on: 1,462 sq ft, built 2018, 4 bd / 2.5 ba, unfurnished, listing features (hot tub, deck, fireplace, stone counters, flooring types, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $105,000 in year 1 (12% short-life, $33,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $16,900
Kitchen cabinetsdefault
$9,000 new × 68% good × 2.76 allocation
- $17,300
Kitchen countertops (stone)listing
$9,200 new × 68% good × 2.76 allocation
- $4,800
Decorative trimdefault
$2,600 new × 68% good × 2.76 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.76 allocation
- $2,800
Shelvingdefault
$1,500 new × 68% good × 2.76 allocation
- $4,100
Window coverings (15)default
$3,800 new × 40% good × 2.76 allocation
- $16,200
Kitchen & laundry equipment plumbingdefault
$7,000 new × 84% good × 2.76 allocation
- $9,800
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 84% good × 2.76 allocation
- $8,900
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.76 allocation
- $9,900
Hot tub (freestanding)listing
$9,000 new × 40% good × 2.76 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $14,900
Paving: driveway & walks (paved)default
$7,900 new × 68% good × 2.76 allocation
- $14,300
Landscaping (typical)default
$7,600 new × 68% good × 2.76 allocation
- $2,700
Patiosdefault
$1,400 new × 68% good × 2.76 allocation
- $27,200
Decks & porches (attached)listing
$16,400 new × 60% good × 2.76 allocation
- $377,600
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$157,900 new × 87% good × 2.76 allocation
- $38,000
Building plumbing & fixturesdefault
$16,400 new × 84% good × 2.76 allocation
- $36,600
Building electrical & lightingdefault
$15,800 new × 84% good × 2.76 allocation
- $27,300
HVACdefault
$16,500 new × 60% good × 2.76 allocation
- $17,600
Hardwood & tile floorsdefault
$9,400 new × 68% good × 2.76 allocation
- $4,900
Fireplacelisting
$2,600 new × 68% good × 2.76 allocation
- $22,500
Septic systemlisting
$12,000 new × 68% good × 2.76 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $114,200 | $59,100 | $600 | $173,800 |
| 2 | $0 | $0 | $13,500 | $13,500 |
| 3 | $0 | $0 | $13,500 | $13,500 |
| 4 | $0 | $0 | $13,500 | $13,500 |
| 5 | $0 | $0 | $13,500 | $13,500 |
| 6+ | $0 | $0 | $470,300 | $470,300 |
| Total | $114,200 | $59,100 | $524,600 | $697,900 |
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.