152 Cherry Ct
Ellijay, GA 30540
$459,000
3 bd · 2.5 ba · 1,350 sqft · Listed 23d ago
View on Realtor.com →Year built
2025
Sqft
1,350
Lot sqft
37,897
HOA / mo
$99
Furnished
No
List date
2026-09-04T17:14:35.000000Z
Revenue
Annual revenue
$43,495
ADR
$248
Occupancy
48%
Cleaning fees (12 mo)
$9,573
Confidence
Low (44.36), 28 comps
Comp revenue range (p25 / median / p75)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 New Luxury Cabin Sauna-Hot Tub-Mini Golf-Firepit House | 3 bd · 2.5 ba · sleeps 12 | $90,234 | $410 | 60% | 5★ (57) | 456 ft | AirbnbVrbo |
 Mountain Bliss: Hot Tub, Fire Pit, Game Room & Vie Cabin | 3 bd · 3 ba · sleeps 10 | $34,513 | $303 | 31% | 4.9★ (71) | 0.2 mi | AirbnbVrboBooking |
 Fun Octagon Cabin on Double Lot! Hot Tub, Firepit! Cabin | 3 bd · 2 ba · sleeps 8 | $51,670 | $257 | 55% | 5★ (114) | 0.2 mi | AirbnbVrbo |
 Deer Haven Bungalow- Pet friendly, hot tub Cabin | 3 bd · 3 ba · sleeps 6 | $42,232 | $247 | 47% | 4.8★ (14) | 0.3 mi | AirbnbVrboBooking |
 Ellijay Cabin/ Mtn Views, Hot Tub, Game Rm/slps 12 Cabin | 3 bd · 3 ba · sleeps 12 | $44,859 | $414 | 30% | 4.9★ (20) | 0.3 mi | AirbnbVrbo |
 Bamby Bungalow. Family and Pet Getaway. Fenced yrd Cabin | 3 bd · 2 ba · sleeps 8 | $52,911 | $223 | 65% | 5★ (145) | 0.3 mi | AirbnbVrbo |
 Alpine Mountain-Full Fenced yard, privacy, hot tub Cabin | 3 bd · 3 ba · sleeps 6 | $26,391 | $242 | 30% | 4.8★ (6) | 0.3 mi | AirbnbVrbo |
 3 br Family friendly cabin Cabin | 3 bd · 2 ba · sleeps 8 | $10,643 | $229 | 13% | 4.6★ (23) | 0.3 mi | AirbnbVrbo |
 Spacious Cabin • Hot Tub, Fire Pit, Dogs OK Cabin | 3 bd · 2 ba · sleeps 10 | $38,400 | $412 | 26% | 4.9★ (39) | 0.3 mi | AirbnbVrbo |
 Quiet Hideaway with Firepit, Pool, Fireplace! Cabin | 3 bd · 3.5 ba · sleeps 8 | $18,179 | $240 | 21% | 5★ (38) | 0.3 mi | AirbnbVrbo |
Show all 28 comps
Deer Watch Retreat, Hot tub & Billiards, Ellijay
House · 3 bd · 3 ba · sleeps 8 · 0.4 mi
Revenue $31,454ADR $257Occ ≈ 34%5★ (15)
NEW@Coosawatee River Resort -Sauna/Hot Tub/Dog ok!
Cabin · 3 bd · 3 ba · sleeps 8 · 0.5 mi
Revenue $21,430ADR $320Occ ≈ 18%5★ (4)
Spacious riverfront home with private dock, firepit & scenic outdoor space
House · 3 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $18,659ADR $221Occ ≈ 23%4.8★ (4)
Patagonia on the River
House · 3 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $5,750ADR $187Occ ≈ 8%4.7★ (3)
Wilderness-themed retreat with community amenities, private hot tub, & fireplace
House · 3 bd · 2 ba · sleeps 6 · 0.7 mi
Revenue $30,706ADR $188Occ ≈ 45%1★ (1)
Scenic River Retreat with Hot Tub & Spacious Deck
Cabin · 3 bd · 2.5 ba · sleeps 7 · 0.7 mi
Revenue $45,638ADR $206Occ ≈ 61%4.9★ (71)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Deer Watch Retreat, Hot tub & Billiards, Ellijay House | 3 bd · 3 ba · sleeps 8 | $31,454 | $257 | 34% | 5★ (15) | 0.4 mi | Airbnb |
Enchanted Deer - Hot Tub, Fire Pit, Pet Friendly Cabin | 3 bd · 3 ba · sleeps 6 | $39,237 | $263 | 41% | 5★ (44) | 0.4 mi | AirbnbVrboBooking |
Honey Bear Hideaway - Private. New Hot Tub. Cabin | 3 bd · 3 ba · sleeps 7 | $20,947 | $187 | 31% | 5★ (11) | 0.4 mi | AirbnbVrbo |
NEW@Coosawatee River Resort -Sauna/Hot Tub/Dog ok! Cabin | 3 bd · 3 ba · sleeps 8 | $21,430 | $320 | 18% | 5★ (4) | 0.5 mi | Airbnb |
Modern Chic Cabin - Blue Ridge-Hot Tub & Game Room Cabin | 3 bd · 2.5 ba · sleeps 7 | $64,673 | $330 | 54% | 5★ (54) | 0.5 mi | AirbnbBooking |
Spacious riverfront home with private dock, firepit & scenic outdoor space House | 3 bd · 2 ba · sleeps 6 | $18,659 | $221 | 23% | 4.8★ (4) | 0.5 mi | Vrbo |
Patagonia on the River House | 3 bd · 2 ba · sleeps 6 | $5,750 | $187 | 8% | 4.7★ (3) | 0.6 mi | Airbnb |
S'mours & Pours House | 3 bd · 3.5 ba · sleeps 8 | $7,309 | $257 | 8% | 5★ (8) | 0.6 mi | AirbnbVrbo |
Trout Tales Riverfront Lodge-DeckedOUT|Hottub|Dog Cabin | 3 bd · 3 ba · sleeps 10 | $75,682 | $375 | 55% | 5★ (85) | 0.6 mi | AirbnbVrboBooking |
3 King Bed Retreat with Hot Tub, near Downtown LIJ House | 3 bd · 2 ba · sleeps 6 | $27,984 | $323 | 24% | 5★ (73) | 0.6 mi | AirbnbVrbo |
Ellijay Cabin Escape: Hot Tub & Fire Pit! Cabin | 3 bd · 2.5 ba · sleeps 9 | $63,461 | $230 | 76% | 5★ (136) | 0.6 mi | AirbnbVrboBooking |
Riversong Hot Tub Theater Game Room Resort Access Cabin | 3 bd · 3.5 ba · sleeps 10 | $38,621 | $282 | 38% | 5★ (71) | 0.7 mi | AirbnbVrbo |
Bear Hug Lodge Stays House | 3 bd · 2 ba · sleeps 6 | $8,910 | $259 | 9% | 4★ (13) | 0.7 mi | AirbnbVrboBooking |
Wilderness-themed retreat with community amenities, private hot tub, & fireplace House | 3 bd · 2 ba · sleeps 6 | $30,706 | $188 | 45% | 1★ (1) | 0.7 mi | Vrbo |
Cozy Creek Side Cabin Cabin | 3 bd · 3 ba · sleeps 9 | $51,539 | $211 | 67% | 5★ (132) | 0.7 mi | AirbnbVrbo |
Private Riverside Cabin Cabin | 3 bd · 2 ba · sleeps 8 | $62,652 | $250 | 69% | 4.9★ (167) | 0.7 mi | AirbnbVrbo |
Scenic River Retreat with Hot Tub & Spacious Deck Cabin | 3 bd · 2.5 ba · sleeps 7 | $45,638 | $206 | 61% | 4.9★ (71) | 0.7 mi | Airbnb |
Fully-Fenced w/Pool & Resort Access, Pet-Friendly Cabin | 3 bd · 2.5 ba · sleeps 8 | $40,327 | $273 | 40% | 5★ (97) | 0.8 mi | AirbnbVrboBooking |
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
$43,495
NOI
$20,415
Cash flow /mo
-$772
Cash needed
$158,610
Cash-on-cash
-5.8%
ROE (yr 1)
4.7%
Cap rate
4.4%
DSCR
0.69
Year-1 write-off
$141,649
Year-1 tax shield @ 32%
$45,328
Year-1 return on equity
- Cash flow (annual)-$9,265
- Principal paydown$3,004
- Appreciation at%$13,770
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$8,699
- Platform fees (3% of revenue)$1,305
- Maintenance / capex (5% of revenue)$2,175
- Utilities & supplies$4,200
- HOA$1,188
- Property tax$556
- Insurance (STR-rated)$4,957
Cash needed to close
- Down payment (25%)$114,750
- Closing costs (4.0%)$18,360
- Furnishing (bought new)$25,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$45,328
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
$415,000
Short-life (5/15-yr)
$115,000 · 28%
Year-1 deduction
$142,000
Year-1 tax shield @ 32%
$45,000
Land 10% (county tax record, market value split) · building $299,000 over 39 years · new furniture $26,000
Based on: 1,350 sq ft, built 2025, 3 bd / 2.5 ba, unfurnished, listing features (deck, patio, game room, fireplace, flooring types, appliance list, septic, wooded lot).
IRS-guide safe-harbor floor: $92,000 in year 1 (16% short-life, $29,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $12,500
Kitchen cabinetsdefault
$8,800 new × 96% good × 1.49 allocation
- $10,300
Kitchen countertopsdefault
$7,200 new × 96% good × 1.49 allocation
- $3,400
Decorative trimdefault
$2,400 new × 96% good × 1.49 allocation
- $400
Mirrorsdefault
$300 new × 92% good × 1.49 allocation
- $1,700
Shelvingdefault
$1,200 new × 96% good × 1.49 allocation
- $4,700
Window coverings (14)default
$3,500 new × 90% good × 1.49 allocation
- $11,900
Carpet, vinyl & laminate (100% of floors)listing
$8,700 new × 92% good × 1.49 allocation
- $10,000
Kitchen & laundry equipment plumbingdefault
$6,800 new × 98% good × 1.49 allocation
- $6,000
Kitchen, laundry & data equipment electricaldefault
$4,100 new × 98% good × 1.49 allocation
- $8,100
Appliances (microwave, dishwasher, refrigerator, washer, dryer)listing
$5,900 new × 92% good × 1.49 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
- $10,900
Paving: driveway & walks (paved)default
$7,600 new × 96% good × 1.49 allocation
- $5,200
Landscaping (minimal)listing
$3,700 new × 96% good × 1.49 allocation
- $8,700
Patioslisting
$6,100 new × 96% good × 1.49 allocation
- $21,500
Decks & porches (attached)listing
$15,200 new × 95% good × 1.49 allocation
- $213,900
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$146,000 new × 98% good × 1.49 allocation
- $22,100
Building plumbing & fixturesdefault
$15,200 new × 98% good × 1.49 allocation
- $21,000
Building electrical & lightingdefault
$14,400 new × 98% good × 1.49 allocation
- $21,500
HVACdefault
$15,200 new × 95% good × 1.49 allocation
- $3,800
Fireplacelisting
$2,600 new × 96% good × 1.49 allocation
- $17,200
Septic systemlisting
$12,000 new × 96% good × 1.49 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $94,400 | $46,300 | $1,000 | $141,600 |
| 2 | $0 | $0 | $7,700 | $7,700 |
| 3 | $0 | $0 | $7,700 | $7,700 |
| 4 | $0 | $0 | $7,700 | $7,700 |
| 5 | $0 | $0 | $7,700 | $7,700 |
| 6+ | $0 | $0 | $267,800 | $267,800 |
| Total | $94,400 | $46,300 | $299,500 | $440,200 |
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
Fannin and Gilmer counties require STR registration and lodging tax; no cap found. Blue Ridge and Ellijay city limits have their own rules; most cabins are in unincorporated county.