37630 Price Rd Lot 0
Green Township, OH 43138
$785,000
4 bd · 2.5 ba · 2,924 sqft · Listed 2d ago
View on Realtor.com →Year built
2018
Sqft
2,924
Lot sqft
435,600
HOA / mo
None
Furnished
No
List date
2026-10-09T20:46:42.000000Z
Revenue
Annual revenue
$63,163
ADR
$437
Occupancy
40%
Cleaning fees (12 mo)
$7,973
Confidence
Low (—), 4 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $62,732
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 40-Acre Cabin w/Hot Tub & Trails | Hocking Hills Cabin | 4 bd · 3 ba · sleeps 12 | $66,224 | $477 | 38% | 5★ (163) | 0.3 mi | AirbnbVrbo |
 Ridge top cabin with hot tub and movie theater Cabin | 4 bd · 2 ba · sleeps 8 | $59,239 | $298 | 54% | 4.9★ (119) | 1.5 mi | AirbnbVrboBooking |
 Hocking Hills Hideaway Log Cabin Cabin | 4 bd · 3 ba · sleeps 10 | $55,576 | $532 | 29% | 5★ (161) | 1.5 mi | AirbnbVrbo |
 Private 12-Acre Retreat | Hot Tub + Game Room Cabin | 4 bd · 3.5 ba · sleeps 8 | $68,594 | $415 | 45% | 5★ (133) | 1.9 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
Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$63,163
NOI
$25,263
Cash flow /mo
-$2,276
Cash needed
$250,650
Cash-on-cash
-10.9%
ROE (yr 1)
0.4%
Cap rate
3.2%
DSCR
0.48
Year-1 write-off
$146,379
Year-1 tax shield @ 32%
$46,841
Year-1 return on equity
- Cash flow (annual)-$27,318
- Principal paydown$4,774
- Appreciation at%$23,550
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)$12,633
- Platform fees (3% of revenue)$1,895
- Maintenance / capex (5% of revenue)$3,158
- Utilities & supplies$4,200
- HOA$0
- Property tax$9,656
- Insurance (STR-rated)$6,359
Cash needed to close
- Down payment (25%)$196,250
- Closing costs (4.0%)$31,400
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$46,841
No county tax record split for property tax, insurance rate and the land/building split, so those use market defaults — edit the price above; 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
$628,000
Short-life (5/15-yr)
$123,000 · 20%
Year-1 deduction
$146,000
Year-1 tax shield @ 32%
$47,000
Land 20% (market default, no usable tax-record split) · building $505,000 over 39 years · new furniture $23,000
Based on: 2,924 sq ft, built 2018, 4 bd / 2.5 ba, unfurnished, listing features (hot tub, deck, patio, fence, fireplace, stone counters, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $91,000 in year 1 (11% short-life, $29,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,200
Kitchen cabinetsdefault
$12,200 new × 68% good × 1.35 allocation
- $11,500
Kitchen countertops (stone)listing
$12,500 new × 68% good × 1.35 allocation
- $4,700
Decorative trimdefault
$5,100 new × 68% good × 1.35 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.35 allocation
- $1,400
Shelvingdefault
$1,500 new × 68% good × 1.35 allocation
- $3,900
Window coverings (29)default
$7,300 new × 40% good × 1.35 allocation
- $10,800
Kitchen & laundry equipment plumbingdefault
$9,500 new × 84% good × 1.35 allocation
- $6,500
Kitchen, laundry & data equipment electricaldefault
$5,700 new × 84% good × 1.35 allocation
- $4,200
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 1.35 allocation
- $4,900
Hot tub (freestanding)listing
$9,000 new × 40% good × 1.35 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $10,300
Paving: driveway & walks (paved)default
$11,200 new × 68% good × 1.35 allocation
- $9,900
Landscaping (typical)default
$10,800 new × 68% good × 1.35 allocation
- $12,100
Patioslisting
$13,200 new × 68% good × 1.35 allocation
- $26,600
Decks & porches (attached)listing
$32,900 new × 60% good × 1.35 allocation
- $4,900
Fencinglisting
$6,000 new × 60% good × 1.35 allocation
- $371,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$317,700 new × 87% good × 1.35 allocation
- $37,400
Building plumbing & fixturesdefault
$33,000 new × 84% good × 1.35 allocation
- $38,900
Building electrical & lightingdefault
$34,300 new × 84% good × 1.35 allocation
- $26,700
HVACdefault
$32,900 new × 60% good × 1.35 allocation
- $17,300
Hardwood & tile floorsdefault
$18,800 new × 68% good × 1.35 allocation
- $2,400
Fireplacelisting
$2,600 new × 68% good × 1.35 allocation
- $11,000
Septic systemlisting
$12,000 new × 68% good × 1.35 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $82,100 | $63,700 | $500 | $146,400 |
| 2 | $0 | $0 | $13,000 | $13,000 |
| 3 | $0 | $0 | $13,000 | $13,000 |
| 4 | $0 | $0 | $13,000 | $13,000 |
| 5 | $0 | $0 | $13,000 | $13,000 |
| 6+ | $0 | $0 | $452,800 | $452,800 |
| Total | $82,100 | $63,700 | $505,200 | $651,000 |
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.