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37630 Price Rd

37630 Price Rd

Logan, OH 43138

$785,000

4 bd · 2.5 ba · 1,462 sqft · Listed 1d ago

View on Realtor.com →
Low confidence

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)

$58,323$62,732$66,817

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

Median revenue of shown comps: $62,732

  • 40-Acre Cabin w/Hot Tub & Trails | Hocking Hills

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.3 mi

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

    Revenue $66,224ADR $477Occ ≈ 38%5★ (163)

    AirbnbVrbo

  • Ridge top cabin with hot tub and movie theater

    Cabin · 4 bd · 2 ba · sleeps 8 · 1.5 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +2

    Revenue $59,239ADR $298Occ ≈ 54%4.9★ (119)

    AirbnbVrboBooking

  • Hocking Hills Hideaway Log Cabin

    Cabin · 4 bd · 3 ba · sleeps 10 · 1.5 mi

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

    Revenue $55,576ADR $532Occ ≈ 29%5★ (161)

    AirbnbVrbo

  • Private 12-Acre Retreat | Hot Tub + Game Room

    Cabin · 4 bd · 3.5 ba · sleeps 8 · 1.9 mi

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

    Revenue $68,594ADR $415Occ ≈ 45%5★ (133)

    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

$63,163

NOI

$21,556

Cash flow /mo

$1,796

Cash needed

$839,400

Cash-on-cash (all cash)

2.6%

ROE (yr 1)

5.4%

Cap rate

2.7%

DSCR

—

Year-1 write-off

$173,829

Year-1 tax shield @ 32%

$55,625

Year-1 return on equity

  • Cash flow (annual)$21,556
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$23,550
ROE5.4%

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

  • Purchase price (all cash)$785,000
  • 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.

5-year property$114,200

  • Kitchen cabinetsdefault

    $9,000 new × 68% good × 2.76 allocation

    $16,900

  • Kitchen countertops (stone)listing

    $9,200 new × 68% good × 2.76 allocation

    $17,300

  • Decorative trimdefault

    $2,600 new × 68% good × 2.76 allocation

    $4,800

  • Mirrorsdefault

    $300 new × 40% good × 2.76 allocation

    $300

  • Shelvingdefault

    $1,500 new × 68% good × 2.76 allocation

    $2,800

  • Window coverings (15)default

    $3,800 new × 40% good × 2.76 allocation

    $4,100

  • Kitchen & laundry equipment plumbingdefault

    $7,000 new × 84% good × 2.76 allocation

    $16,200

  • Kitchen, laundry & data equipment electricaldefault

    $4,200 new × 84% good × 2.76 allocation

    $9,800

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

    $8,100 new × 40% good × 2.76 allocation

    $8,900

  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.76 allocation

    $9,900

  • Furniture bought newlisting

    $23,000 new × 100% good · bought separately

    $23,000
15-year land improvements$59,100

  • Paving: driveway & walks (paved)default

    $7,900 new × 68% good × 2.76 allocation

    $14,900

  • Landscaping (typical)default

    $7,600 new × 68% good × 2.76 allocation

    $14,300

  • Patiosdefault

    $1,400 new × 68% good × 2.76 allocation

    $2,700

  • Decks & porches (attached)listing

    $16,400 new × 60% good × 2.76 allocation

    $27,200
Building, 39-year$524,600

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

    $157,900 new × 87% good × 2.76 allocation

    $377,600

  • Building plumbing & fixturesdefault

    $16,400 new × 84% good × 2.76 allocation

    $38,000

  • Building electrical & lightingdefault

    $15,800 new × 84% good × 2.76 allocation

    $36,600

  • HVACdefault

    $16,500 new × 60% good × 2.76 allocation

    $27,300

  • Hardwood & tile floorsdefault

    $9,400 new × 68% good × 2.76 allocation

    $17,600

  • Fireplacelisting

    $2,600 new × 68% good × 2.76 allocation

    $4,900

  • Septic systemlisting

    $12,000 new × 68% good × 2.76 allocation

    $22,500

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
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.