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580 Henrietta Ave

580 Henrietta Ave

Logan, OH 43138

$199,900

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

View on Realtor.com →
Low confidence

Year built

1910

Sqft

1,396

Lot sqft

2,178

HOA / mo

$0

Furnished

No

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)

    AirbnbVrboBooking

  • 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)

    AirbnbVrboBooking

  • 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

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

$26,220

NOI

$11,720

Cash flow /mo

$977

Cash needed

$227,396

Cash-on-cash (all cash)

5.2%

ROE (yr 1)

7.8%

Cap rate

5.9%

DSCR

—

Year-1 write-off

$77,913

Year-1 tax shield @ 32%

$24,932

Year-1 return on equity

  • Cash flow (annual)$11,720
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$5,997
ROE7.8%

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

  • Purchase price (all cash)$199,900
  • 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

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
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.