29802 Fairview Ridge Rd
Logan, OH 43138
$379,000
2 bd · 1 ba · 1,440 sqft · Listed 3d ago
View on Realtor.com →Year built
2004
Sqft
1,440
Lot sqft
195,149
HOA / mo
$0
Furnished
No
List date
2026-09-24T16:54:40.000000Z
Revenue
Annual revenue
$62,548
ADR
$285
Occupancy
60%
Cleaning fees (12 mo)
$7,387
Confidence
Med (64.72), 6 comps
Comp revenue range (p25 / median / p75)
Getaway Cabins- Ashby Glen
Cabin · 2 bd · 1 ba · sleeps 4 · 0.1 mi
Revenue $60,985ADR $293Occ ≈ 57%4.8★ (51)
Hocking Hills 2 Bedroom Getaway
Cabin · 2 bd · 1 ba · sleeps 5 · 0.2 mi
Revenue $38,526ADR $229Occ ≈ 46%4.9★ (25)
Getaway Cabins Spruce Moose
Cabin · 2 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $37,153ADR $285Occ ≈ 36%4.8★ (19)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Cozy Retreat | 8 Min to Trails | Hot Tub+Firepit Cabin | 2 bd · 2 ba · sleeps 5 | $78,564 | $307 | 70% | 5★ (144) | 364 ft | AirbnbVrbo |
Private, Cozy and Close to Everything! Cabin | 2 bd · 1 ba · sleeps 6 | $79,691 | $280 | 78% | 4.8★ (252) | 384 ft | AirbnbVrboBooking |
Getaway Cabins- Ashby Glen Cabin | 2 bd · 1 ba · sleeps 4 | $60,985 | $293 | 57% | 4.8★ (51) | 0.1 mi | Airbnb |
Hocking Hills 2 Bedroom Getaway Cabin | 2 bd · 1 ba · sleeps 5 | $38,526 | $229 | 46% | 4.9★ (25) | 0.2 mi | Airbnb |
Welcome to Bear Hollow in Hocking Hills! Cabin | 2 bd · 1 ba · sleeps 6 | $41,740 | $270 | 42% | 4.6★ (51) | 0.2 mi | AirbnbVrboBooking |
Getaway Cabins Spruce Moose Cabin | 2 bd · 1 ba · sleeps 4 | $37,153 | $285 | 36% | 4.8★ (19) | 0.3 mi | Airbnb |
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 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$62,548
NOI
$35,197
Cash flow /mo
$891
Cash needed
$125,910
Cash-on-cash
8.5%
ROE (yr 1)
19.5%
Cap rate
9.3%
DSCR
1.44
Year-1 write-off
$65,856
Year-1 tax shield @ 32%
$21,074
Year-1 return on equity
- Cash flow (annual)$10,689
- Principal paydown$2,480
- Appreciation at%$11,370
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$12,510
- Platform fees (3% of revenue)$1,876
- Maintenance / capex (5% of revenue)$3,127
- Utilities & supplies$4,200
- HOA$0
- Property tax$2,795
- Insurance (STR-rated)$2,843
Cash needed to close
- Down payment (25%)$94,750
- Closing costs (4.0%)$15,160
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$21,074
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
$258,000
Short-life (5/15-yr)
$49,000 · 19%
Year-1 deduction
$66,000
Year-1 tax shield @ 32%
$21,000
Land 32% (county tax record, market value split) · building $209,000 over 39 years · new furniture $16,000
Based on: 1,440 sq ft, built 2004, 2 bd / 1 ba, unfurnished, listing features (hot tub, fireplace, septic, wooded lot).
IRS-guide safe-harbor floor: $52,000 in year 1 (14% short-life, $17,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $5,700
Kitchen cabinetsdefault
$9,000 new × 40% good × 1.58 allocation
- $4,600
Kitchen countertopsdefault
$7,300 new × 40% good × 1.58 allocation
- $1,600
Decorative trimdefault
$2,500 new × 40% good × 1.58 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 1.58 allocation
- $600
Shelvingdefault
$900 new × 40% good × 1.58 allocation
- $2,200
Window coverings (14)default
$3,500 new × 40% good × 1.58 allocation
- $2,300
Carpet, vinyl & laminate (40% of floors)default
$3,700 new × 40% good × 1.58 allocation
- $6,200
Kitchen & laundry equipment plumbingdefault
$7,000 new × 56% good × 1.58 allocation
- $3,700
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 56% good × 1.58 allocation
- $5,100
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.58 allocation
- $5,700
Hot tub (freestanding)listing
$9,000 new × 40% good × 1.58 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $6,200
Paving: driveway & walks (paved)default
$7,900 new × 50% good × 1.58 allocation
- $3,000
Landscaping (minimal)listing
$3,800 new × 50% good × 1.58 allocation
- $1,100
Patiosdefault
$1,400 new × 50% good × 1.58 allocation
- $1,100
Decks & porches (attached)default
$1,400 new × 50% good × 1.58 allocation
- $156,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$156,300 new × 63% good × 1.58 allocation
- $14,300
Building plumbing & fixturesdefault
$16,200 new × 56% good × 1.58 allocation
- $13,700
Building electrical & lightingdefault
$15,500 new × 56% good × 1.58 allocation
- $10,200
HVACdefault
$16,200 new × 40% good × 1.58 allocation
- $3,500
Hardwood & tile floorsdefault
$5,600 new × 40% good × 1.58 allocation
- $1,700
Fireplacelisting
$2,600 new × 40% good × 1.58 allocation
- $9,500
Septic systemlisting
$12,000 new × 50% good × 1.58 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $53,800 | $11,400 | $700 | $65,900 |
| 2 | $0 | $0 | $5,400 | $5,400 |
| 3 | $0 | $0 | $5,400 | $5,400 |
| 4 | $0 | $0 | $5,400 | $5,400 |
| 5 | $0 | $0 | $5,400 | $5,400 |
| 6+ | $0 | $0 | $186,900 | $186,900 |
| Total | $53,800 | $11,400 | $209,100 | $274,200 |
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: Georgia disallows 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.