Year built
1910
Sqft
2,128
Lot sqft
6,534
HOA / mo
$0
Furnished
No
List date
2026-09-28T18:51:38.000000Z
Revenue
Annual revenue
$22,857
ADR
$239
Occupancy
26%
Cleaning fees (12 mo)
$2,417
Confidence
Low (40.65), 10 comps
Comp revenue range (p25 / median / p75)
Charming Victorian Home
House · 3 bd · 1 ba · sleeps 4 · 0.1 mi
Revenue $3,270ADR $183Occ ≈ 5%5★ (2)
Crossroads Cottage in the Heart of Hocking Hills
Cabin · 3 bd · 1 ba · sleeps 8 · 0.3 mi
Revenue $7,206ADR $277Occ ≈ 7%4.6★ (16)
The Old Canal House (and hottub!)
House · 3 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $21,424ADR $65Occ ≈ 90%4.8★ (36)
Logan, Ohio in the Heart of Hocking Hills, pool table, king size bed, Firepit
House · 3 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $47,846ADR $267Occ ≈ 49%5★ (20)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Charming Victorian Home House | 3 bd · 1 ba · sleeps 4 | $3,270 | $183 | 5% | 5★ (2) | 0.1 mi | Airbnb |
Crossroads Cottage in the Heart of Hocking Hills Cabin | 3 bd · 1 ba · sleeps 8 | $7,206 | $277 | 7% | 4.6★ (16) | 0.3 mi | Vrbo |
Lakewood Cottage in Hocking Hills Cabin | 3 bd · 2 ba · sleeps 8 | $27,665 | $397 | 19% | 4.5★ (33) | 0.4 mi | AirbnbVrboBooking |
4 Miles to Old Mans Cave House | 4 bd · 2 ba · sleeps 16 | $16,194 | $425 | 10% | 4★ (14) | 0.4 mi | AirbnbVrbo |
Chickasaw in Hocking Hills Cabin | 3 bd · 1 ba · sleeps 6 | $21,764 | $281 | 21% | 4.2★ (45) | 0.4 mi | AirbnbVrboBooking |
The Old Canal House (and hottub!) House | 3 bd · 2 ba · sleeps 6 | $21,424 | $65 | 90% | 4.8★ (36) | 0.4 mi | Airbnb |
Pet Friendly, 3BR Retreat, King Bed & Fireplace House | 3 bd · 2 ba · sleeps 6 | $41,783 | $233 | 49% | 5★ (133) | 0.5 mi | AirbnbBooking |
Logan, Ohio in the Heart of Hocking Hills, pool table, king size bed, Firepit House | 3 bd · 2 ba · sleeps 6 | $47,846 | $267 | 49% | 5★ (20) | 0.5 mi | Vrbo |
Hocking Luxury | Pet+Kid Friendly | Fire Pit House | 4 bd · 2 ba · sleeps 10 | $33,767 | $362 | 26% | 4.7★ (93) | 0.6 mi | AirbnbVrbo |
Hillside Escape House | 3 bd · 1 ba · sleeps 7 | $18,165 | $221 | 23% | 4.2★ (127) | 0.7 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
Est. revenue
$22,857
NOI
$7,516
Cash flow /mo
$626
Cash needed
$196,680
Cash-on-cash (all cash)
3.8%
ROE (yr 1)
6.4%
Cap rate
4.5%
DSCR
—
Year-1 write-off
$61,286
Year-1 tax shield @ 32%
$19,612
Year-1 return on equity
- Cash flow (annual)$7,516
- Principal paydown (n/a, cash)$0
- Appreciation at%$5,010
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$4,571
- Platform fees (3% of revenue)$686
- Maintenance / capex (5% of revenue)$1,143
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,388
- Insurance (STR-rated)$1,353
Cash needed to close
- Purchase price (all cash)$167,000
- Closing costs (4.0%)$6,680
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$19,612
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
$137,000
Short-life (5/15-yr)
$38,000 · 28%
Year-1 deduction
$61,000
Year-1 tax shield @ 32%
$20,000
Land 18% (county tax record, market value split) · building $99,000 over 39 years · new furniture $23,000
Based on: 2,128 sq ft, built 1910, 4 bd / 1.5 ba, unfurnished, listing features (deck, fence, fireplace).
IRS-guide safe-harbor floor: $44,000 in year 1 (15% short-life, $14,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $3,300
Kitchen cabinetsdefault
$10,500 new × 40% good × 0.79 allocation
- $2,700
Kitchen countertopsdefault
$8,600 new × 40% good × 0.79 allocation
- $1,200
Decorative trimdefault
$3,700 new × 40% good × 0.79 allocation
- $0
Mirrorsdefault
$200 new × 40% good × 0.79 allocation
- $500
Shelvingdefault
$1,500 new × 40% good × 0.79 allocation
- $1,700
Window coverings (21)default
$5,300 new × 40% good × 0.79 allocation
- $1,700
Carpet, vinyl & laminate (40% of floors)default
$5,500 new × 40% good × 0.79 allocation
- $2,600
Kitchen & laundry equipment plumbingdefault
$8,100 new × 40% good × 0.79 allocation
- $1,600
Kitchen, laundry & data equipment electricaldefault
$4,900 new × 40% good × 0.79 allocation
- $2,600
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 0.79 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $3,800
Paving: driveway & walks (paved)default
$9,600 new × 50% good × 0.79 allocation
- $3,600
Landscaping (typical)default
$9,200 new × 50% good × 0.79 allocation
- $800
Patiosdefault
$2,100 new × 50% good × 0.79 allocation
- $9,500
Decks & porches (attached)listing
$23,900 new × 50% good × 0.79 allocation
- $2,400
Fencinglisting
$6,000 new × 50% good × 0.79 allocation
- $73,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$230,900 new × 40% good × 0.79 allocation
- $7,600
Building plumbing & fixturesdefault
$24,000 new × 40% good × 0.79 allocation
- $7,700
Building electrical & lightingdefault
$24,200 new × 40% good × 0.79 allocation
- $7,600
HVACdefault
$24,000 new × 40% good × 0.79 allocation
- $2,600
Hardwood & tile floorsdefault
$8,200 new × 40% good × 0.79 allocation
- $800
Fireplacelisting
$2,600 new × 40% good × 0.79 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $40,800 | $20,100 | $300 | $61,300 |
| 2 | $0 | $0 | $2,600 | $2,600 |
| 3 | $0 | $0 | $2,600 | $2,600 |
| 4 | $0 | $0 | $2,600 | $2,600 |
| 5 | $0 | $0 | $2,600 | $2,600 |
| 6+ | $0 | $0 | $89,000 | $89,000 |
| Total | $40,800 | $20,100 | $99,500 | $160,400 |
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 and Georgia 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.