26377 Tarlton Adelphi Rd
Laurelville, OH 43135
$400,000
4 bd · 2 ba · 2,611 sqft · Listed 1d ago
View on Realtor.com →Year built
2000
Sqft
2,611
Lot sqft
218,236
HOA / mo
$0
Furnished
No
List date
2026-10-15T12:21:45.000000Z
Revenue
Annual revenue
$60,670
ADR
$290
Occupancy
57%
Cleaning fees (12 mo)
$6,676
Confidence
Low (10.39), 10 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $43,669
Hocking Hills-Spacious-Hot tub-large yard
House · 4 bd · 2 ba · sleeps 10 · 2.0 mi
Revenue $51,229ADR $250Occ ≈ 56%5★ (18)
Hocking Hills | Hot Tub | Hiking Trails | Arcades
House · 3 bd · 2.5 ba · sleeps 10 · 2.8 mi
Revenue $96,872ADR $389Occ ≈ 68%5★ (15)
4 bedroom Tenant House at Muddy Boots Petting Farm...
Farmhouse · 4 bd · 2 ba · sleeps 1 · 3.0 mi
Revenue $19,429ADR $282Occ ≈ 19%5★ (113)
Shared room at Destination Dirt!
House · 3 bd · 2.5 ba · sleeps 3 · 3.5 mi
Revenue $4,174ADR $85Occ ≈ 13%4.7★ (14)
Private room at Destination Dirt!
House · 3 bd · 1 ba · sleeps 2 · 3.6 mi
Revenue $5,349ADR $83Occ ≈ 18%4.7★ (22)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
The Main House @ Tarlton’s Edge House | 3 bd · 3 ba · sleeps 8 | $65,551 | $415 | 43% | 5★ (108) | 1.4 mi | AirbnbVrbo |
Private Fun Barn~Hot Tub~Pool Table~Karaoke Cabin | 5 bd · 3 ba · sleeps 15 | $143,783 | $574 | 69% | 4.9★ (220) | 1.9 mi | AirbnbVrbo |
Hocking Hills-Spacious-Hot tub-large yard House | 4 bd · 2 ba · sleeps 10 | $51,229 | $250 | 56% | 5★ (18) | 2.0 mi | Airbnb |
Moccasin Creek Cottage House | 3 bd · 2 ba · sleeps 8 | $36,108 | $174 | 57% | 4.8★ (62) | 2.3 mi | AirbnbVrbo |
Hocking Hills | Hot Tub | Hiking Trails | Arcades House | 3 bd · 2.5 ba · sleeps 10 | $96,872 | $389 | 68% | 5★ (15) | 2.8 mi | Airbnb |
4 bedroom Tenant House at Muddy Boots Petting Farm... Farmhouse | 4 bd · 2 ba · sleeps 1 | $19,429 | $282 | 19% | 5★ (113) | 3.0 mi | Vrbo |
Tenant House | Hocking Hills, Petting Farm Cabin | 4 bd · 2.5 ba · sleeps 10 | $12,333 | $373 | 9% | 5★ (4) | 3.1 mi | AirbnbVrbo |
Shared room at Destination Dirt! House | 3 bd · 2.5 ba · sleeps 3 | $4,174 | $85 | 13% | 4.7★ (14) | 3.5 mi | Airbnb |
4-Story Hocking Hills Retreat | Conversation Pit Cabin | 5 bd · 3 ba · sleeps 10 | $114,928 | $602 | 52% | 5★ (222) | 3.5 mi | AirbnbVrbo |
Private room at Destination Dirt! House | 3 bd · 1 ba · sleeps 2 | $5,349 | $83 | 18% | 4.7★ (22) | 3.6 mi | 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
Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium
Est. revenue
$60,670
NOI
$30,649
Cash flow /mo
$321
Cash needed
$139,000
Cash-on-cash
2.8%
ROE (yr 1)
13.2%
Cap rate
7.7%
DSCR
1.14
Year-1 write-off
$68,380
Year-1 tax shield @ 32%
$21,882
Year-1 return on equity
- Cash flow (annual)$3,856
- Principal paydown$2,432
- Appreciation at%$12,000
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)$12,134
- Platform fees (3% of revenue)$1,820
- Maintenance / capex (5% of revenue)$3,034
- Utilities & supplies$4,200
- HOA$0
- Property tax$5,833
- Insurance (STR-rated)$3,000
Cash needed to close
- Down payment (25%)$100,000
- Closing costs (4.0%)$16,000
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$21,882
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
$294,000
Short-life (5/15-yr)
$45,000 · 15%
Year-1 deduction
$68,000
Year-1 tax shield @ 32%
$22,000
Land 27% (county tax record, market value split) · building $249,000 over 39 years · new furniture $23,000
Based on: 2,611 sq ft, built 2000, 4 bd / 2 ba, unfurnished, listing features (flooring types, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $54,000 in year 1 (10% short-life, $17,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $5,500
Kitchen cabinetsdefault
$11,500 new × 40% good × 1.20 allocation
- $4,500
Kitchen countertopsdefault
$9,400 new × 40% good × 1.20 allocation
- $2,200
Decorative trimdefault
$4,600 new × 40% good × 1.20 allocation
- $100
Mirrorsdefault
$300 new × 40% good × 1.20 allocation
- $700
Shelvingdefault
$1,500 new × 40% good × 1.20 allocation
- $3,100
Window coverings (26)default
$6,500 new × 40% good × 1.20 allocation
- $8,100
Carpet, vinyl & laminate (100% of floors)listing
$16,800 new × 40% good × 1.20 allocation
- $5,200
Kitchen & laundry equipment plumbingdefault
$9,000 new × 48% good × 1.20 allocation
- $3,100
Kitchen, laundry & data equipment electricaldefault
$5,400 new × 48% good × 1.20 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $6,400
Paving: driveway & walks (paved)default
$10,600 new × 50% good × 1.20 allocation
- $3,100
Landscaping (minimal)listing
$5,100 new × 50% good × 1.20 allocation
- $1,500
Patiosdefault
$2,600 new × 50% good × 1.20 allocation
- $1,500
Decks & porches (attached)default
$2,600 new × 50% good × 1.20 allocation
- $192,900
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$283,500 new × 57% good × 1.20 allocation
- $17,000
Building plumbing & fixturesdefault
$29,400 new × 48% good × 1.20 allocation
- $17,500
Building electrical & lightingdefault
$30,400 new × 48% good × 1.20 allocation
- $14,100
HVACdefault
$29,400 new × 40% good × 1.20 allocation
- $7,200
Septic systemlisting
$12,000 new × 50% good × 1.20 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $55,600 | $12,500 | $300 | $68,400 |
| 2 | $0 | $0 | $6,400 | $6,400 |
| 3 | $0 | $0 | $6,400 | $6,400 |
| 4 | $0 | $0 | $6,400 | $6,400 |
| 5 | $0 | $0 | $6,400 | $6,400 |
| 6+ | $0 | $0 | $222,900 | $222,900 |
| Total | $55,600 | $12,500 | $248,700 | $316,800 |
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.