Rate 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

580 Henrietta Ave

Logan, OH 43138

$199,900

3 bd · 1 ba · 1,396 sqft · Listed 1d ago

View on Realtor.com →

Low confidenceNegative cash flow

Year built

1910

Sqft

1,396

Lot sqft

2,178

HOA / mo

Furnished

List date

2026-10-30T15:57:35.000000Z

Revenue

Annual revenue

$26,220

ADR

$179

Occupancy

40%

Cleaning fees (12 mo)

$2,649

Confidence

Low (37.33), 9 comps

Comp revenue range (p25 / median / p75)

$17,328$21,613$38,250

Median revenue of shown comps: $24,326

Pet Friendly, 3BR Retreat, King Bed & Hot Tub
House · 3 bd · 2 ba · sleeps 6 · 0.3 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $39,455ADR $222Occ ≈ 49%5★ (130)
Airbnb
Logan, Ohio in the Heart of Hocking Hills, pool table, king size bed, Hot Tub
House · 3 bd · 2 ba · sleeps 6 · 0.3 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $46,900ADR $264Occ ≈ 49%5★ (21)
Vrbo
3 Bedroom in Hocking Hills w King Bed Logan Ohio
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $38,250ADR $258Occ ≈ 41%4.8★ (5)
Booking
The Old Canal House (and hottub!)
House · 3 bd · 2 ba · sleeps 6 · 0.4 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +4
Revenue $21,390ADR $65Occ ≈ 90%4.8★ (36)
Airbnb
Peaceful 3 Bedroom Getaway Home
House · 3 bd · 1 ba · sleeps 6 · 0.4 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $17,328ADR $218Occ ≈ 22%4.9★ (101)
Airbnb
Chickasaw in Hocking Hills
Cabin · 3 bd · 1 ba · sleeps 6 · 0.4 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +1
Revenue $21,613ADR $287Occ ≈ 21%4.2★ (46)
Airbnb Vrbo Booking
Lakewood Cottage in Hocking Hills
Cabin · 3 bd · 2 ba · sleeps 8 · 0.5 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +4
Revenue $27,038ADR $393Occ ≈ 19%4.5★ (34)
Airbnb Vrbo Booking
Crossroads Cottage in the Heart of Hocking Hills
Cabin · 3 bd · 1 ba · sleeps 8 · 0.5 mi
Revenue $3,945ADR $303Occ ≈ 4%4.6★ (16)
Delisted

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Pet Friendly, 3BR Retreat, King Bed & Hot Tub House Hot tub A/C Free parking Pets OK +5	3 bd · 2 ba · sleeps 6	$39,455	$222	49%	5★ (130)	0.3 mi	Airbnb
Logan, Ohio in the Heart of Hocking Hills, pool table, king size bed, Hot Tub House Hot tub A/C Free parking Pets OK +5	3 bd · 2 ba · sleeps 6	$46,900	$264	49%	5★ (21)	0.3 mi	Vrbo
3 Bedroom in Hocking Hills w King Bed Logan Ohio Vacation home	3 bd · 2 ba · sleeps 6	$38,250	$258	41%	4.8★ (5)	0.3 mi	Booking
The Old Canal House (and hottub!) House Hot tub A/C Free parking Pets OK +4	3 bd · 2 ba · sleeps 6	$21,390	$65	90%	4.8★ (36)	0.4 mi	Airbnb
Peaceful 3 Bedroom Getaway Home House A/C Free parking Wifi Kitchen +3	3 bd · 1 ba · sleeps 6	$17,328	$218	22%	4.9★ (101)	0.4 mi	Airbnb
Chickasaw in Hocking Hills Cabin Hot tub A/C Free parking Pets OK +1	3 bd · 1 ba · sleeps 6	$21,613	$287	21%	4.2★ (46)	0.4 mi	Airbnb Vrbo Booking
Lakewood Cottage in Hocking Hills Cabin Hot tub A/C Free parking Pets OK +4	3 bd · 2 ba · sleeps 8	$27,038	$393	19%	4.5★ (34)	0.5 mi	Airbnb Vrbo Booking
Crossroads Cottage in the Heart of Hocking Hills Cabin	3 bd · 1 ba · sleeps 8	$3,945	$303	4%	4.6★ (16)	0.5 mi	Delisted

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

Term

Purchase priceDown payment %30-yr rate %Already furnishedTax bracketCount tax savings in returnsOnly if you can use the losses (STR loophole)

Rate 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

Est. revenue

$26,220

NOI

$11,720

Cash flow /mo

-$122

Cash needed

$77,471

Cash-on-cash

-1.9%

ROE (yr 1)

7.5%

Cap rate

5.9%

DSCR

0.89

Year-1 write-off

$77,913

Year-1 tax shield @ 32%

$24,932

Year-1 return on equity

Cash flow (annual)-$1,468
Principal paydown$1,255
Appreciation at%$5,997

ROE7.5%

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)$5,244
Platform fees (3% of revenue)$787
Maintenance / capex (5% of revenue)$1,311
Utilities & supplies$4,200
HOA$0
Property tax$1,339
Insurance (STR-rated)$1,619

Cash needed to close

Down payment (25%)$49,975
Closing costs (4.0%)$7,996
Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

Tax shield @ 32%$24,932

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

$184,000

Short-life (5/15-yr)

$58,000 · 32%

Year-1 deduction

$78,000

Year-1 tax shield @ 32%

$25,000

Land 8% (county tax record, market value split) · building $125,000 over 39 years · new furniture $20,000

Based on: 1,396 sq ft, built 1910, 3 bd / 1 ba, unfurnished, listing features (deck, flooring types).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $53,000 in year 1 (18% short-life, $17,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$52,200

Kitchen cabinetsdefault
$8,900 new × 40% good × 1.59 allocation
$5,600
Kitchen countertopsdefault
$7,200 new × 40% good × 1.59 allocation
$4,600
Decorative trimdefault
$2,400 new × 40% good × 1.59 allocation
$1,500
Mirrorsdefault
$200 new × 40% good × 1.59 allocation
$100
Shelvingdefault
$1,200 new × 40% good × 1.59 allocation
$800
Window coverings (14)default
$3,500 new × 40% good × 1.59 allocation
$2,200
Carpet, vinyl & laminate (100% of floors)listing
$9,000 new × 40% good × 1.59 allocation
$5,700
Kitchen & laundry equipment plumbingdefault
$6,900 new × 40% good × 1.59 allocation
$4,400
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 40% good × 1.59 allocation
$2,600
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.59 allocation
$5,100
Furniture bought newlisting
$19,500 new × 100% good · bought separately
$19,500

15-year land improvements$25,600

Paving: driveway & walks (paved)default
$7,700 new × 50% good × 1.59 allocation
$6,100
Landscaping (typical)default
$7,500 new × 50% good × 1.59 allocation
$5,900
Patiosdefault
$1,400 new × 50% good × 1.59 allocation
$1,100
Decks & porches (attached)listing
$15,700 new × 50% good × 1.59 allocation
$12,400

Building, 39-year$125,300

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$151,200 new × 40% good × 1.59 allocation
$95,900
Building plumbing & fixturesdefault
$15,700 new × 40% good × 1.59 allocation
$9,900
Building electrical & lightingdefault
$15,000 new × 40% good × 1.59 allocation
$9,500
HVACdefault
$15,700 new × 40% good × 1.59 allocation
$10,000

About the property

Sold furnishedGame roomHot tubPoolDeckDrivewayLandscapingFencedIrrigationLong-term rental (27.5-yr)Carpet / vinyl / laminate %Placed in serviceClosing costs $ (adds to basis)Land %Bonus depreciation %

Depreciation schedule: typical cost seg study

Year	5-yr	15-yr	Building	Total
1	$52,200	$25,600	$100	$77,900
2	$0	$0	$3,200	$3,200
3	$0	$0	$3,200	$3,200
4	$0	$0	$3,200	$3,200
5	$0	$0	$3,200	$3,200
6+	$0	$0	$112,300	$112,300
Total	$52,200	$25,600	$125,300	$203,100

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.