24851 Narrows Rd

Laurelville, OH 43152

$825,000

3 bd · 3 ba · 1,025 sqft · Listed today

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Low confidence

Year built

2023

Sqft

1,025

Lot sqft

531,868

HOA / mo

Furnished

List date

2026-10-19T02:45:06.000000Z

Revenue

Annual revenue

$71,227

ADR

$413

Occupancy

47%

Cleaning fees (12 mo)

$11,073

Confidence

Low (38.57), 16 comps

Comp revenue range (p25 / median / p75)

$30,318$58,084$85,844

Median revenue of shown comps: $57,588

The Block Tower | Hocking, Luxury Modern Cabin
Cabin · 3 bd · 3 ba · sleeps 6 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $71,346ADR $396Occ ≈ 49%4.8★ (108)
Airbnb Vrbo
Your Own 40 Acres & 5 Mi of Trails, Hocking Hills
Cabin · 3 bd · 2 ba · sleeps 6 · 0.3 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +3
Revenue $79,797ADR $323Occ ≈ 68%5★ (207)
Airbnb Vrbo
Welcome to Highland Hideaway!
House · 3 bd · 3 ba · sleeps 9 · 0.9 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +2
Revenue $2,884ADR $360Occ ≈ 2%5★ (3)
Airbnb Vrbo
Abode at Blue Creek
Cabin · 3 bd · 2 ba · sleeps 6 · 1.1 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $20,003ADR $343Occ ≈ 16%5★ (21)
Airbnb Vrbo
Abode at Blue Creek | NEW Hot Tub, Arcade
Cabin · 3 bd · 2 ba · sleeps 6 · 1.1 mi
Revenue $13,194ADR $388Occ ≈ 9%5★ (7)
Airbnb
Haven Haus | Modern Black A-Frame| Hot Tub + Sauna
Cabin · 3 bd · 2 ba · sleeps 8 · 1.2 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $58,579ADR $336Occ ≈ 48%5★ (43)
Airbnb Vrbo
Ranch retreat in the heart of Hocking Hills
Cottage · 3 bd · 2 ba · sleeps 6 · 1.8 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $20,106ADR $235Occ ≈ 23%4.8★ (62)
Airbnb Vrbo
Rustic Ravine | Hocking Hills, Hot Tub, Game Room
Cabin · 3 bd · 3 ba · sleeps 7 · 1.9 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +4
Revenue $108,407ADR $486Occ ≈ 61%5★ (96)
Airbnb Vrbo
Good Life | Hocking Hills, Private Sauna & Views
Cabin · 3 bd · 2 ba · sleeps 6 · 1.9 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +3
Revenue $90,803ADR $437Occ ≈ 57%4.8★ (80)
Airbnb Vrbo
Plush & Secluded Hocking Hills Cabin
Cabin · 3 bd · 2 ba · sleeps 8 · 1.9 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +2
Revenue $33,722ADR $397Occ ≈ 23%4.7★ (50)
Airbnb Vrbo

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
The Block Tower \| Hocking, Luxury Modern Cabin Cabin Hot tub A/C Free parking Wifi +4	3 bd · 3 ba · sleeps 6	$71,346	$396	49%	4.8★ (108)	0.2 mi	Airbnb Vrbo
Your Own 40 Acres & 5 Mi of Trails, Hocking Hills Cabin Hot tub A/C Free parking Pets OK +3	3 bd · 2 ba · sleeps 6	$79,797	$323	68%	5★ (207)	0.3 mi	Airbnb Vrbo
Welcome to Highland Hideaway! House Hot tub A/C Free parking Wifi +2	3 bd · 3 ba · sleeps 9	$2,884	$360	2%	5★ (3)	0.9 mi	Airbnb Vrbo
Abode at Blue Creek Cabin Hot tub A/C Free parking Wifi +3	3 bd · 2 ba · sleeps 6	$20,003	$343	16%	5★ (21)	1.1 mi	Airbnb Vrbo
Abode at Blue Creek \| NEW Hot Tub, Arcade Cabin	3 bd · 2 ba · sleeps 6	$13,194	$388	9%	5★ (7)	1.1 mi	Airbnb
Haven Haus \| Modern Black A-Frame\| Hot Tub + Sauna Cabin Hot tub A/C Free parking Wifi +3	3 bd · 2 ba · sleeps 8	$58,579	$336	48%	5★ (43)	1.2 mi	Airbnb Vrbo
Ranch retreat in the heart of Hocking Hills Cottage Hot tub A/C Free parking Wifi +3	3 bd · 2 ba · sleeps 6	$20,106	$235	23%	4.8★ (62)	1.8 mi	Airbnb Vrbo
Rustic Ravine \| Hocking Hills, Hot Tub, Game Room Cabin Hot tub A/C Free parking Pets OK +4	3 bd · 3 ba · sleeps 7	$108,407	$486	61%	5★ (96)	1.9 mi	Airbnb Vrbo
Good Life \| Hocking Hills, Private Sauna & Views Cabin Hot tub A/C Free parking Pets OK +3	3 bd · 2 ba · sleeps 6	$90,803	$437	57%	4.8★ (80)	1.9 mi	Airbnb Vrbo
Plush & Secluded Hocking Hills Cabin Cabin Hot tub A/C Free parking Wifi +2	3 bd · 2 ba · sleeps 8	$33,722	$397	23%	4.7★ (50)	1.9 mi	Airbnb Vrbo

Show 5 more

Hocking Hills | Hot Tub | Sauna | Dog-Friendly
Cabin · 3 bd · 2.5 ba · sleeps 8 · 1.9 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +4
Revenue $57,588ADR $330Occ ≈ 48%4.9★ (340)
Airbnb Vrbo
Secluded, Luxuriously Remodeled, Gaming, Hot Tub!
Cabin · 3 bd · 2 ba · sleeps 10 · 2.0 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $84,191ADR $527Occ ≈ 44%5★ (86)
Airbnb Vrbo Booking
Stargazers Cabin w/ Observatory - Amazing Views!
Cabin · 3 bd · 2 ba · sleeps 10 · 2.0 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $131,846ADR $719Occ ≈ 50%5★ (126)
Airbnb Vrbo
Peaceful Pines
Cabin · 3 bd · 2 ba · sleeps 8 · 2.1 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $43,033ADR $273Occ ≈ 43%5★ (51)
Airbnb Vrbo Booking
Hocking Hills Cabin · Hot Tub · Stargazing · 28 Ac
Cabin · 3 bd · 2.5 ba · sleeps 7 · 2.1 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $50,621ADR $320Occ ≈ 43%5★ (182)
Airbnb Vrbo Booking

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Hocking Hills \| Hot Tub \| Sauna \| Dog-Friendly Cabin Hot tub A/C Free parking Pets OK +4	3 bd · 2.5 ba · sleeps 8	$57,588	$330	48%	4.9★ (340)	1.9 mi	Airbnb Vrbo
Secluded, Luxuriously Remodeled, Gaming, Hot Tub! Cabin Hot tub A/C Free parking Wifi +4	3 bd · 2 ba · sleeps 10	$84,191	$527	44%	5★ (86)	2.0 mi	Airbnb Vrbo Booking
Stargazers Cabin w/ Observatory - Amazing Views! Cabin Hot tub A/C Free parking Pets OK +5	3 bd · 2 ba · sleeps 10	$131,846	$719	50%	5★ (126)	2.0 mi	Airbnb Vrbo
Peaceful Pines Cabin A/C Free parking Wifi Kitchen +2	3 bd · 2 ba · sleeps 8	$43,033	$273	43%	5★ (51)	2.1 mi	Airbnb Vrbo Booking
Hocking Hills Cabin · Hot Tub · Stargazing · 28 Ac Cabin Hot tub A/C Free parking Pets OK +5	3 bd · 2.5 ba · sleeps 7	$50,621	$320	43%	5★ (182)	2.1 mi	Airbnb Vrbo Booking

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

Purchase priceAlready furnishedTax bracketCount tax savings in returnsOnly if you can use the losses (STR loophole)

Est. revenue

$71,227

NOI

$34,516

Cash flow /mo

$2,876

Cash needed

$883,500

Cash-on-cash (all cash)

3.9%

ROE (yr 1)

6.7%

Cap rate

4.2%

DSCR

—

Year-1 write-off

$221,318

Year-1 tax shield @ 32%

$70,822

Year-1 return on equity

Cash flow (annual)$34,516
Principal paydown (n/a, cash)$0
Appreciation at%$24,750

ROE6.7%

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)$14,245
Platform fees (3% of revenue)$2,137
Maintenance / capex (5% of revenue)$3,561
Utilities & supplies$4,200
HOA$0
Property tax$5,885
Insurance (STR-rated)$6,683

Cash needed to close

Purchase price (all cash)$825,000
Closing costs (4.0%)$33,000
Furnishing (bought new)$25,500

Tax savings if the STR loophole applies

Tax shield @ 32%$70,822

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

$682,000

Short-life (5/15-yr)

$195,000 · 29%

Year-1 deduction

$221,000

Year-1 tax shield @ 32%

$71,000

Land 17% (county tax record, market value split) · building $487,000 over 39 years · new furniture $26,000

Based on: 1,025 sq ft, built 2023, 3 bd / 3 ba, unfurnished, listing features (hot tub, deck, patio, game room, fireplace, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $139,000 in year 1 (17% short-life, $44,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$148,400

Kitchen cabinetsdefault
$8,000 new × 88% good × 3.21 allocation
$22,800
Kitchen countertopsdefault
$6,600 new × 88% good × 3.21 allocation
$18,600
Decorative trimdefault
$1,800 new × 88% good × 3.21 allocation
$5,100
Mirrorsdefault
$500 new × 75% good × 3.21 allocation
$1,100
Shelvingdefault
$1,200 new × 88% good × 3.21 allocation
$3,400
Window coverings (10)default
$2,500 new × 70% good × 3.21 allocation
$5,600
Carpet, vinyl & laminate (40% of floors)default
$2,600 new × 75% good × 3.21 allocation
$6,400
Kitchen & laundry equipment plumbingdefault
$6,300 new × 94% good × 3.21 allocation
$18,900
Kitchen, laundry & data equipment electricaldefault
$3,800 new × 94% good × 3.21 allocation
$11,400
Appliances (microwave, dishwasher, refrigerator)listing
$3,900 new × 75% good × 3.21 allocation
$9,400
Hot tub (freestanding)listing
$9,000 new × 70% good × 3.21 allocation
$20,300
Furniture bought newlisting
$19,500 new × 100% good · bought separately
$19,500
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
$6,000

15-year land improvements$72,400

Paving: driveway & walks (paved)default
$6,600 new × 88% good × 3.21 allocation
$18,800
Landscaping (minimal)listing
$3,200 new × 88% good × 3.21 allocation
$9,000
Patioslisting
$4,600 new × 88% good × 3.21 allocation
$13,000
Decks & porches (attached)listing
$11,500 new × 85% good × 3.21 allocation
$31,500

Building, 39-year$486,800

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$110,300 new × 95% good × 3.21 allocation
$337,000
Building plumbing & fixturesdefault
$11,500 new × 94% good × 3.21 allocation
$34,700
Building electrical & lightingdefault
$10,300 new × 94% good × 3.21 allocation
$31,000
HVACdefault
$11,500 new × 85% good × 3.21 allocation
$31,600
Hardwood & tile floorsdefault
$4,000 new × 88% good × 3.21 allocation
$11,200
Fireplacelisting
$2,600 new × 88% good × 3.21 allocation
$7,400
Septic systemlisting
$12,000 new × 88% good × 3.21 allocation
$33,900

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	$148,400	$72,400	$500	$221,300
2	$0	$0	$12,500	$12,500
3	$0	$0	$12,500	$12,500
4	$0	$0	$12,500	$12,500
5	$0	$0	$12,500	$12,500
6+	$0	$0	$436,300	$436,300
Total	$148,400	$72,400	$486,800	$707,600

The building's share of the price ($682,000) is 3.2x our depreciated replacement cost of the home ($212,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.

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.