8922 Voris Rd
Logan, OH 43138
$1,050,000
3 bd · 2 ba · 2,288 sqft · Listed 2d ago
View on Realtor.com →Year built
2022
Sqft
2,288
Lot sqft
392,040
HOA / mo
$0
Furnished
No
List date
2026-09-25T20:24:04.000000Z
Revenue
Annual revenue
$57,879
ADR
$379
Occupancy
42%
Cleaning fees (12 mo)
$13,335
Confidence
High (82.93), 8 comps
Comp revenue range (p25 / median / p75)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 15 Mi to Hocking Hills: Secluded Cabin w/ Hot Tub Cabin | 3 bd · 2 ba · sleeps 8 | $55,064 | $386 | 39% | 4.7★ (38) | 20 ft | AirbnbVrboBooking |
 Hall's Retreat cabin at Trickle Creek Cabin | 3 bd · 2 ba · sleeps 8 | $58,646 | $460 | 35% | 5★ (5) | 289 ft | AirbnbVrbo |
 Rose's Retreat at Trickle Creek Log Cabins Cabin | 3 bd · 2 ba · sleeps 8 | $68,324 | $439 | 43% | 4.9★ (38) | 331 ft | AirbnbVrbo |
 The Lazy Bear | Hocking Hills, Covered Hot Tub Cabin | 3 bd · 2 ba · sleeps 8 | $64,674 | $445 | 40% | 5★ (29) | 0.2 mi | AirbnbVrbo |
 Christine’s Chalet at Trickle Creek in Hocking Hil Cabin | 3 bd · 2 ba · sleeps 8 | $45,786 | $447 | 28% | 4.8★ (78) | 0.2 mi | AirbnbVrbo |
 Serenity Now | Hocking Hills, Covered Hot Tub Cabin | 3 bd · 2 ba · sleeps 8 | $40,012 | $439 | 25% | 5★ (65) | 0.3 mi | AirbnbVrbo |
 Almost Heaven Cabin at Trickle Creek in Hocking Hi Cabin | 3 bd · 2 ba · sleeps 8 | $63,985 | $461 | 38% | 4.9★ (76) | 0.3 mi | AirbnbVrbo |
 Hannah’s Hideaway Cabin at Trickle Creek in Hockin Cabin | 3 bd · 2 ba · sleeps 8 | $59,443 | $444 | 37% | 5★ (75) | 0.4 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 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$57,879
NOI
$20,333
Cash flow /mo
-$3,964
Cash needed
$330,000
Cash-on-cash
-14.4%
ROE (yr 1)
-2.8%
Cap rate
1.9%
DSCR
0.30
Year-1 write-off
$208,324
Year-1 tax shield @ 32%
$66,664
Year-1 return on equity
- Cash flow (annual)-$47,564
- Principal paydown$6,871
- Appreciation at%$31,500
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$11,576
- Platform fees (3% of revenue)$1,736
- Maintenance / capex (5% of revenue)$2,894
- Utilities & supplies$4,200
- HOA$0
- Property tax$9,265
- Insurance (STR-rated)$7,875
Cash needed to close
- Down payment (25%)$262,500
- Closing costs (4.0%)$42,000
- Furnishing (bought new)$25,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$66,664
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
$922,000
Short-life (5/15-yr)
$180,000 · 20%
Year-1 deduction
$208,000
Year-1 tax shield @ 32%
$67,000
Land 12% (county tax record, market value split) · building $742,000 over 39 years · new furniture $26,000
Based on: 2,288 sq ft, built 2022, 3 bd / 2 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list, septic, wooded lot).
IRS-guide safe-harbor floor: $113,000 in year 1 (9% short-life, $36,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $20,700
Kitchen cabinetsdefault
$10,800 new × 84% good × 2.28 allocation
- $17,000
Kitchen countertopsdefault
$8,800 new × 84% good × 2.28 allocation
- $7,700
Decorative trimdefault
$4,000 new × 84% good × 2.28 allocation
- $500
Mirrorsdefault
$300 new × 67% good × 2.28 allocation
- $2,300
Shelvingdefault
$1,200 new × 84% good × 2.28 allocation
- $7,900
Window coverings (23)default
$5,800 new × 60% good × 2.28 allocation
- $17,700
Kitchen & laundry equipment plumbingdefault
$8,400 new × 92% good × 2.28 allocation
- $10,700
Kitchen, laundry & data equipment electricaldefault
$5,100 new × 92% good × 2.28 allocation
- $4,300
Appliances (range, dishwasher)listing
$2,800 new × 67% good × 2.28 allocation
- $12,300
Hot tub (freestanding)listing
$9,000 new × 60% good × 2.28 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $19,000
Paving: driveway & walks (paved)default
$9,900 new × 84% good × 2.28 allocation
- $9,100
Landscaping (minimal)listing
$4,800 new × 84% good × 2.28 allocation
- $4,300
Patiosdefault
$2,300 new × 84% good × 2.28 allocation
- $47,000
Decks & porches (attached)listing
$25,700 new × 80% good × 2.28 allocation
- $529,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$248,500 new × 93% good × 2.28 allocation
- $54,100
Building plumbing & fixturesdefault
$25,800 new × 92% good × 2.28 allocation
- $55,200
Building electrical & lightingdefault
$26,300 new × 92% good × 2.28 allocation
- $47,100
HVACdefault
$25,800 new × 80% good × 2.28 allocation
- $28,200
Hardwood & tile floorsdefault
$14,700 new × 84% good × 2.28 allocation
- $5,000
Fireplacelisting
$2,600 new × 84% good × 2.28 allocation
- $23,000
Septic systemlisting
$12,000 new × 84% good × 2.28 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $126,400 | $79,500 | $2,400 | $208,300 |
| 2 | $0 | $0 | $19,000 | $19,000 |
| 3 | $0 | $0 | $19,000 | $19,000 |
| 4 | $0 | $0 | $19,000 | $19,000 |
| 5 | $0 | $0 | $19,000 | $19,000 |
| 6+ | $0 | $0 | $663,600 | $663,600 |
| Total | $126,400 | $79,500 | $742,000 | $948,000 |
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: 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.