8922 Voris Rd

Logan, OH 43138

$1,050,000

3 bd · 2 ba · 2,288 sqft · Listed 2d ago

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Rental history

Year built

2022

Sqft

2,288

Lot sqft

392,040

HOA / mo

Furnished

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)

$52,745$59,045$64,157

15 Mi to Hocking Hills: Secluded Cabin w/ Hot Tub
Cabin · 3 bd · 2 ba · sleeps 8 · 20 ft
Revenue $55,064ADR $386Occ ≈ 39%4.7★ (38)
Airbnb Vrbo Booking
Hall's Retreat cabin at Trickle Creek
Cabin · 3 bd · 2 ba · sleeps 8 · 289 ft
Revenue $58,646ADR $460Occ ≈ 35%5★ (5)
Airbnb Vrbo
Rose's Retreat at Trickle Creek Log Cabins
Cabin · 3 bd · 2 ba · sleeps 8 · 331 ft
Revenue $68,324ADR $439Occ ≈ 43%4.9★ (38)
Airbnb Vrbo
The Lazy Bear | Hocking Hills, Covered Hot Tub
Cabin · 3 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $64,674ADR $445Occ ≈ 40%5★ (29)
Airbnb Vrbo
Christine’s Chalet at Trickle Creek in Hocking Hil
Cabin · 3 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $45,786ADR $447Occ ≈ 28%4.8★ (78)
Airbnb Vrbo
Serenity Now | Hocking Hills, Covered Hot Tub
Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $40,012ADR $439Occ ≈ 25%5★ (65)
Airbnb Vrbo
Almost Heaven Cabin at Trickle Creek in Hocking Hi
Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $63,985ADR $461Occ ≈ 38%4.9★ (76)
Airbnb Vrbo
Hannah’s Hideaway Cabin at Trickle Creek in Hockin
Cabin · 3 bd · 2 ba · sleeps 8 · 0.4 mi
Revenue $59,443ADR $444Occ ≈ 37%5★ (75)
Airbnb Vrbo

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	Airbnb Vrbo Booking
Hall's Retreat cabin at Trickle Creek Cabin	3 bd · 2 ba · sleeps 8	$58,646	$460	35%	5★ (5)	289 ft	Airbnb Vrbo
Rose's Retreat at Trickle Creek Log Cabins Cabin	3 bd · 2 ba · sleeps 8	$68,324	$439	43%	4.9★ (38)	331 ft	Airbnb Vrbo
The Lazy Bear \| Hocking Hills, Covered Hot Tub Cabin	3 bd · 2 ba · sleeps 8	$64,674	$445	40%	5★ (29)	0.2 mi	Airbnb Vrbo
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	Airbnb Vrbo
Serenity Now \| Hocking Hills, Covered Hot Tub Cabin	3 bd · 2 ba · sleeps 8	$40,012	$439	25%	5★ (65)	0.3 mi	Airbnb Vrbo
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	Airbnb Vrbo
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	Airbnb Vrbo

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

Purchase priceAlready furnishedTax bracket

Est. revenue

$57,879

NOI

$20,333

Cash flow /mo

$1,694

Cash needed

$1,117,500

Cash-on-cash (all cash)

1.8%

ROE (yr 1)

4.6%

Cap rate

1.9%

DSCR

—

Year-1 write-off

$208,324

Year-1 tax shield @ 32%

$66,664

Year-1 return on equity

Cash flow (annual)$20,333
Principal paydown (n/a, cash)$0
Appreciation at%$31,500

ROE4.6%

ROE incl. year-1 tax savings (32% bracket, STR loophole)10.6%

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

Purchase price (all cash)$1,050,000
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.

5-year property$126,400

Kitchen cabinetsdefault
$10,800 new × 84% good × 2.28 allocation
$20,700
Kitchen countertopsdefault
$8,800 new × 84% good × 2.28 allocation
$17,000
Decorative trimdefault
$4,000 new × 84% good × 2.28 allocation
$7,700
Mirrorsdefault
$300 new × 67% good × 2.28 allocation
$500
Shelvingdefault
$1,200 new × 84% good × 2.28 allocation
$2,300
Window coverings (23)default
$5,800 new × 60% good × 2.28 allocation
$7,900
Kitchen & laundry equipment plumbingdefault
$8,400 new × 92% good × 2.28 allocation
$17,700
Kitchen, laundry & data equipment electricaldefault
$5,100 new × 92% good × 2.28 allocation
$10,700
Appliances (range, dishwasher)listing
$2,800 new × 67% good × 2.28 allocation
$4,300
Hot tub (freestanding)listing
$9,000 new × 60% good × 2.28 allocation
$12,300
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$79,500

Paving: driveway & walks (paved)default
$9,900 new × 84% good × 2.28 allocation
$19,000
Landscaping (minimal)listing
$4,800 new × 84% good × 2.28 allocation
$9,100
Patiosdefault
$2,300 new × 84% good × 2.28 allocation
$4,300
Decks & porches (attached)listing
$25,700 new × 80% good × 2.28 allocation
$47,000

Building, 39-year$742,000

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$248,500 new × 93% good × 2.28 allocation
$529,400
Building plumbing & fixturesdefault
$25,800 new × 92% good × 2.28 allocation
$54,100
Building electrical & lightingdefault
$26,300 new × 92% good × 2.28 allocation
$55,200
HVACdefault
$25,800 new × 80% good × 2.28 allocation
$47,100
Hardwood & tile floorsdefault
$14,700 new × 84% good × 2.28 allocation
$28,200
Fireplacelisting
$2,600 new × 84% good × 2.28 allocation
$5,000
Septic systemlisting
$12,000 new × 84% good × 2.28 allocation
$23,000

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	$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.