Unger Rd Lot H
Logan, OH 43138
$1,099,999
5 bd · 3 ba · 2,091 sqft · Listed 1d ago
View on Realtor.com →Year built
2026
Sqft
2,091
Lot sqft
218,236
HOA / mo
$0
Furnished
No
List date
2026-10-20T12:14:51.000000Z
Revenue
Annual revenue
$96,340
ADR
$619
Occupancy
43%
Cleaning fees (12 mo)
$9,930
Confidence
High (73.55), 13 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $87,359
Harvest Moon Lodge at Harvest Moon Cottages, LLC
Apartment · 5 bd · 3.5 ba · sleeps 16 · 0.8 mi
Revenue $115,266ADR $663Occ ≈ 48%4.8★ (117)
Rosybrook - Just minutes from the parks!
Cottage · 5 bd · 2 ba · sleeps 15 · 0.9 mi
Revenue $63,421ADR $487Occ ≈ 36%5★ (42)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Harvest Moon Lodge at Harvest Moon Cottages, LLC Apartment | 5 bd · 3.5 ba · sleeps 16 | $115,266 | $663 | 48% | 4.8★ (117) | 0.8 mi | Vrbo |
Stillwater Lodge with Pond-Accommodating 19 guests Cabin | 5 bd · 3.5 ba · sleeps 16 | $158,392 | $1,355 | 32% | — | 0.9 mi | AirbnbBooking |
Quiet Rockbridge Cottage ~ 4 Mi to Hocking Hills! Cottage | 5 bd · 2 ba · sleeps 16 | $113,397 | $536 | 58% | 4.8★ (61) | 0.9 mi | AirbnbVrboBooking |
Rosybrook - Just minutes from the parks! Cottage | 5 bd · 2 ba · sleeps 15 | $63,421 | $487 | 36% | 5★ (42) | 0.9 mi | Airbnb |
Bear Fork Lodge by The Inn & Spa at Cedar Falls Cabin | 5 bd · 2 ba · sleeps 14 | $93,159 | $937 | 27% | 4.8★ (47) | 1.1 mi | AirbnbVrbo |
Tall Timbers Lodge | Hocking Hills, 5BR, Pets Cabin | 5 bd · 3 ba · sleeps 16 | $84,962 | $708 | 33% | 4.7★ (69) | 1.2 mi | AirbnbVrbo |
Dogwood Lane Lodge- sleeps up to 18 -Hocking Hills Cabin | 5 bd · 3 ba · sleeps 16 | $79,960 | $764 | 29% | 4.6★ (79) | 1.2 mi | AirbnbVrbo |
Double Pine Lodge - 5 Bedroom -Hocking Hills Cabin | 5 bd · 3 ba · sleeps 16 | $83,358 | $585 | 39% | 4.8★ (98) | 1.3 mi | AirbnbVrbo |
Timber Ridge Lodge - 5-BR, w/King Suite - Hocking Cabin | 5 bd · 3 ba · sleeps 16 | $99,653 | $678 | 40% | 4.6★ (87) | 1.3 mi | AirbnbVrbo |
Lone Star Lodge - Gorgeous Lodge in Hocking Hills Cabin | 5 bd · 3 ba · sleeps 16 | $86,660 | $731 | 32% | 4.7★ (19) | 1.7 mi | AirbnbVrbo |
Show 2 more
8 Dudes Lodge- Big, Beautiful Lodge -Hocking Hills
Cabin · 5 bd · 3 ba · sleeps 16 · 1.7 mi
Revenue $88,057ADR $734Occ ≈ 33%4.8★ (17)
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
$96,340
NOI
$42,725
Cash flow /mo
-$2,580
Cash needed
$345,500
Cash-on-cash
-9.0%
ROE (yr 1)
2.5%
Cap rate
3.9%
DSCR
0.58
Year-1 write-off
$249,756
Year-1 tax shield @ 32%
$79,922
Year-1 return on equity
- Cash flow (annual)-$30,956
- Principal paydown$6,689
- Appreciation at%$33,000
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)$19,268
- Platform fees (3% of revenue)$2,890
- Maintenance / capex (5% of revenue)$4,817
- Utilities & supplies$4,200
- HOA$0
- Property tax$13,530
- Insurance (STR-rated)$8,910
Cash needed to close
- Down payment (25%)$275,000
- Closing costs (4.0%)$44,000
- Furnishing (bought new)$26,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$79,922
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
$880,000
Short-life (5/15-yr)
$223,000 · 25%
Year-1 deduction
$250,000
Year-1 tax shield @ 32%
$80,000
Land 20% (market default, no usable tax-record split) · building $657,000 over 39 years · new furniture $27,000
Based on: 2,091 sq ft, built 2026, 5 bd / 3 ba, unfurnished, listing features (hot tub, deck, patio, fireplace, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $151,000 in year 1 (14% short-life, $48,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $21,300
Kitchen cabinetsdefault
$10,400 new × 100% good × 2.06 allocation
- $17,500
Kitchen countertopsdefault
$8,500 new × 100% good × 2.06 allocation
- $7,500
Decorative trimdefault
$3,700 new × 100% good × 2.06 allocation
- $900
Mirrorsdefault
$500 new × 100% good × 2.06 allocation
- $3,700
Shelvingdefault
$1,800 new × 100% good × 2.06 allocation
- $10,800
Window coverings (21)default
$5,300 new × 100% good × 2.06 allocation
- $11,100
Carpet, vinyl & laminate (40% of floors)default
$5,400 new × 100% good × 2.06 allocation
- $16,600
Kitchen & laundry equipment plumbingdefault
$8,100 new × 100% good × 2.06 allocation
- $10,000
Kitchen, laundry & data equipment electricaldefault
$4,900 new × 100% good × 2.06 allocation
- $8,000
Appliances (microwave, dishwasher, refrigerator)listing
$3,900 new × 100% good × 2.06 allocation
- $18,500
Hot tub (freestanding)listing
$9,000 new × 100% good × 2.06 allocation
- $26,500
Furniture bought newlisting
$26,500 new × 100% good · bought separately
- $19,500
Paving: driveway & walks (paved)default
$9,500 new × 100% good × 2.06 allocation
- $9,400
Landscaping (minimal)listing
$4,600 new × 100% good × 2.06 allocation
- $19,300
Patioslisting
$9,400 new × 100% good × 2.06 allocation
- $48,400
Decks & porches (attached)listing
$23,500 new × 100% good × 2.06 allocation
- $465,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$226,200 new × 100% good × 2.06 allocation
- $48,400
Building plumbing & fixturesdefault
$23,500 new × 100% good × 2.06 allocation
- $48,900
Building electrical & lightingdefault
$23,800 new × 100% good × 2.06 allocation
- $48,400
HVACdefault
$23,600 new × 100% good × 2.06 allocation
- $16,600
Hardwood & tile floorsdefault
$8,100 new × 100% good × 2.06 allocation
- $5,400
Fireplacelisting
$2,600 new × 100% good × 2.06 allocation
- $24,700
Septic systemlisting
$12,000 new × 100% good × 2.06 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $152,500 | $96,600 | $700 | $249,800 |
| 2 | $0 | $0 | $16,900 | $16,900 |
| 3 | $0 | $0 | $16,900 | $16,900 |
| 4 | $0 | $0 | $16,900 | $16,900 |
| 5 | $0 | $0 | $16,900 | $16,900 |
| 6+ | $0 | $0 | $589,300 | $589,300 |
| Total | $152,500 | $96,600 | $657,400 | $906,500 |
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.