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29802 Fairview Ridge Rd

29802 Fairview Ridge Rd

Logan, OH 43138

$379,000

2 bd · 1 ba · 1,440 sqft · Listed 3d ago

View on Realtor.com →
Rental historyLow confidence

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)

$39,330$51,363$74,169

  • Cozy Retreat | 8 Min to Trails | Hot Tub+Firepit

    Cabin · 2 bd · 2 ba · sleeps 5 · 364 ft

    Revenue $78,564ADR $307Occ ≈ 70%5★ (144)

    AirbnbVrbo

  • Private, Cozy and Close to Everything!

    Cabin · 2 bd · 1 ba · sleeps 6 · 384 ft

    Revenue $79,691ADR $280Occ ≈ 78%4.8★ (252)

    AirbnbVrboBooking

  • Getaway Cabins- Ashby Glen

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.1 mi

    Revenue $60,985ADR $293Occ ≈ 57%4.8★ (51)

    Airbnb

  • Hocking Hills 2 Bedroom Getaway

    Cabin · 2 bd · 1 ba · sleeps 5 · 0.2 mi

    Revenue $38,526ADR $229Occ ≈ 46%4.9★ (25)

    Airbnb

  • Welcome to Bear Hollow in Hocking Hills!

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

    Revenue $41,740ADR $270Occ ≈ 42%4.6★ (51)

    AirbnbVrboBooking

  • Getaway Cabins Spruce Moose

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $37,153ADR $285Occ ≈ 36%4.8★ (19)

    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

Financing

Est. revenue

$62,548

NOI

$35,197

Cash flow /mo

$2,933

Cash needed

$410,160

Cash-on-cash (all cash)

8.6%

ROE (yr 1)

11.4%

Cap rate

9.3%

DSCR

—

Year-1 write-off

$65,856

Year-1 tax shield @ 32%

$21,074

Year-1 return on equity

  • Cash flow (annual)$35,197
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$11,370
ROE11.4%
ROE incl. year-1 tax savings (32% bracket, STR loophole)16.5%
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

  • Purchase price (all cash)$379,000
  • 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-year property$53,800

  • Kitchen cabinetsdefault

    $9,000 new × 40% good × 1.58 allocation

    $5,700

  • Kitchen countertopsdefault

    $7,300 new × 40% good × 1.58 allocation

    $4,600

  • Decorative trimdefault

    $2,500 new × 40% good × 1.58 allocation

    $1,600

  • Mirrorsdefault

    $200 new × 40% good × 1.58 allocation

    $100

  • Shelvingdefault

    $900 new × 40% good × 1.58 allocation

    $600

  • Window coverings (14)default

    $3,500 new × 40% good × 1.58 allocation

    $2,200

  • Carpet, vinyl & laminate (40% of floors)default

    $3,700 new × 40% good × 1.58 allocation

    $2,300

  • Kitchen & laundry equipment plumbingdefault

    $7,000 new × 56% good × 1.58 allocation

    $6,200

  • Kitchen, laundry & data equipment electricaldefault

    $4,200 new × 56% good × 1.58 allocation

    $3,700

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

    $8,100 new × 40% good × 1.58 allocation

    $5,100

  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 1.58 allocation

    $5,700

  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
15-year land improvements$11,400

  • Paving: driveway & walks (paved)default

    $7,900 new × 50% good × 1.58 allocation

    $6,200

  • Landscaping (minimal)listing

    $3,800 new × 50% good × 1.58 allocation

    $3,000

  • Patiosdefault

    $1,400 new × 50% good × 1.58 allocation

    $1,100

  • Decks & porches (attached)default

    $1,400 new × 50% good × 1.58 allocation

    $1,100
Building, 39-year$209,100

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

    $156,300 new × 63% good × 1.58 allocation

    $156,200

  • Building plumbing & fixturesdefault

    $16,200 new × 56% good × 1.58 allocation

    $14,300

  • Building electrical & lightingdefault

    $15,500 new × 56% good × 1.58 allocation

    $13,700

  • HVACdefault

    $16,200 new × 40% good × 1.58 allocation

    $10,200

  • Hardwood & tile floorsdefault

    $5,600 new × 40% good × 1.58 allocation

    $3,500

  • Fireplacelisting

    $2,600 new × 40% good × 1.58 allocation

    $1,700

  • Septic systemlisting

    $12,000 new × 50% good × 1.58 allocation

    $9,500

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
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.