611 Monocle Dr

Ellijay, GA 30540

$385,000

2 bd · 2.5 ba · 1,442 sqft · Listed 1d ago

View on Realtor.com →

Low confidence

Year built

2014

Sqft

1,442

Lot sqft

109,336

HOA / mo

None

Furnished

Yes

List date

2026-10-17T14:38:33.000000Z

Revenue

Annual revenue

$26,872

ADR

$184

Occupancy

40%

Cleaning fees (12 mo)

$7,071

Confidence

Low (34.18), 14 comps

Comp revenue range (p25 / median / p75)

$11,479$22,734$41,329

Median revenue of shown comps: $22,734

Cozy dog-friendly cabin with shared pool, & amenities
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $19,534ADR $169Occ ≈ 32%4.3★ (10)
Delisted
Tranquil Paradise Stay
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
- Pool
- A/C
- Pets OK
- Wifi
- +4
Revenue $10,301ADR $209Occ ≈ 14%4.5★ (36)
Airbnb Vrbo Booking
Luxury Cabin with Hot Tub in Gated Community
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $15,011ADR $261Occ ≈ 16%5★ (87)
Airbnb
Owl's Roost | Dog-Friendly Cabin + Hot Tub
Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi
- Hot tub
- Pool
- A/C
- Pets OK
- +4
Revenue $25,933ADR $234Occ ≈ 30%5★ (63)
Airbnb Vrbo
NEW | HotTub | GameRoom | Firepit | Master on Main
Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $48,048ADR $216Occ ≈ 61%5★ (28)
Airbnb
Dragon's Den - Cast a Line in the Resort Pond
Cabin · 2 bd · 3 ba · sleeps 6 · 0.4 mi
Revenue $43,066ADR $364Occ ≈ 32%4.5★ (11)
Airbnb Booking
Pet-Friendly Family Cabin Coosawattee River Resort
Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.4 mi
Revenue $6,640ADR $227Occ ≈ 8%4.8★ (32)
Delisted
3 BR home with access to community amenities
House · 2 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $19,390ADR $208Occ ≈ 26%—
Airbnb Booking
Hollow Tree Hideaway -
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
- Hot tub
- Pool
- A/C
- Free parking
- +4
Revenue $36,116ADR $167Occ ≈ 59%4.8★ (83)
Airbnb Vrbo Booking
Dream Ridge | Ellijay, GA
Cabin · 2 bd · 2 ba · sleeps 4 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $8,045ADR $313Occ ≈ 7%5★ (4)
Vrbo

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Cozy dog-friendly cabin with shared pool, & amenities Cabin	2 bd · 2 ba · sleeps 6	$19,534	$169	32%	4.3★ (10)	0.1 mi	Delisted
Tranquil Paradise Stay Cabin Pool A/C Pets OK Wifi +4	2 bd · 2 ba · sleeps 6	$10,301	$209	14%	4.5★ (36)	0.2 mi	Airbnb Vrbo Booking
Luxury Cabin with Hot Tub in Gated Community Cabin	2 bd · 2 ba · sleeps 6	$15,011	$261	16%	5★ (87)	0.2 mi	Airbnb
Owl's Roost \| Dog-Friendly Cabin + Hot Tub Cabin Hot tub Pool A/C Pets OK +4	2 bd · 2 ba · sleeps 4	$25,933	$234	30%	5★ (63)	0.3 mi	Airbnb Vrbo
NEW \| HotTub \| GameRoom \| Firepit \| Master on Main Cabin	2 bd · 2 ba · sleeps 6	$48,048	$216	61%	5★ (28)	0.3 mi	Airbnb
Dragon's Den - Cast a Line in the Resort Pond Cabin	2 bd · 3 ba · sleeps 6	$43,066	$364	32%	4.5★ (11)	0.4 mi	Airbnb Booking
Pet-Friendly Family Cabin Coosawattee River Resort Cabin	2 bd · 2.5 ba · sleeps 8	$6,640	$227	8%	4.8★ (32)	0.4 mi	Delisted
3 BR home with access to community amenities House	2 bd · 2 ba · sleeps 6	$19,390	$208	26%	—	0.5 mi	Airbnb Booking
Hollow Tree Hideaway - Cabin Hot tub Pool A/C Free parking +4	2 bd · 2 ba · sleeps 6	$36,116	$167	59%	4.8★ (83)	0.6 mi	Airbnb Vrbo Booking
Dream Ridge \| Ellijay, GA Cabin Hot tub A/C Free parking Wifi +4	2 bd · 2 ba · sleeps 4	$8,045	$313	7%	5★ (4)	0.6 mi	Vrbo

Show 4 more

*Muses Lodge*$Views|Ellijay|Relax|Fire Pit|Hot Tub
Cabin · 2 bd · 2 ba · sleeps 8 · 0.6 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $57,551ADR $263Occ ≈ 60%4.8★ (145)
Airbnb Vrbo Booking
Mt.Rush-No-More | Ellijay,GA
Cabin · 2 bd · 2 ba · sleeps 4 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $46,300ADR $375Occ ≈ 34%4.8★ (25)
Airbnb Vrbo
NEW! Slow Forest Cabin Blue Ridge | Deer Sun Rest
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
- Pool
- A/C
- Free parking
- Pets OK
- +4
Revenue $26,532ADR $225Occ ≈ 32%5★ (24)
Airbnb
Saxonville Lodgehouse
Farm stay · 2 bd · 1.5 ba · sleeps 7 · 0.7 mi
- Pool
- A/C
- Free parking
- Wifi
- +4
Revenue $4,955ADR $113Occ ≈ 12%4.9★ (10)
Airbnb Vrbo

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Muses Lodge$Views\|Ellijay\|Relax\|Fire Pit\|Hot Tub Cabin Hot tub Pool A/C Free parking +6	2 bd · 2 ba · sleeps 8	$57,551	$263	60%	4.8★ (145)	0.6 mi	Airbnb Vrbo Booking
Mt.Rush-No-More \| Ellijay,GA Cabin Hot tub A/C Free parking Wifi +3	2 bd · 2 ba · sleeps 4	$46,300	$375	34%	4.8★ (25)	0.6 mi	Airbnb Vrbo
NEW! Slow Forest Cabin Blue Ridge \| Deer Sun Rest Cabin Pool A/C Free parking Pets OK +4	2 bd · 2 ba · sleeps 6	$26,532	$225	32%	5★ (24)	0.6 mi	Airbnb
Saxonville Lodgehouse Farm stay Pool A/C Free parking Wifi +4	2 bd · 1.5 ba · sleeps 7	$4,955	$113	12%	4.9★ (10)	0.7 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

Management

Purchase priceAlready furnishedTax bracketCount tax savings in returnsOnly if you can use the losses (STR loophole)

Est. revenue

$26,872

NOI

$8,286

Cash flow /mo

$690

Cash needed

$400,400

Cash-on-cash (all cash)

2.1%

ROE (yr 1)

5.0%

Cap rate

2.2%

DSCR

—

Year-1 write-off

$67,833

Year-1 tax shield @ 32%

$21,707

Year-1 return on equity

Cash flow (annual)$8,286
Principal paydown (n/a, cash)$0
Appreciation at%$11,550

ROE5.0%

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)$5,374
Platform fees (3% of revenue)$806
Maintenance / capex (5% of revenue)$1,344
Utilities & supplies$4,200
HOA$0
Property tax$2,704
Insurance (STR-rated)$4,158

Cash needed to close

Purchase price (all cash)$385,000
Closing costs (4.0%)$15,400
Furnishing (conveyed with the sale)$0

Tax savings if the STR loophole applies

Tax shield @ 32%$21,707

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

$343,000

Short-life (5/15-yr)

$68,000 · 20%

Year-1 deduction

$68,000

Year-1 tax shield @ 32%

$22,000

Land 11% (county tax record, market value split) · building $275,000 over 39 years

Based on: 1,442 sq ft, built 2014, 2 bd / 2.5 ba, furnished, listing features (deck, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $38,000 in year 1 (11% short-life, $12,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$44,600

Kitchen cabinetsdefault
$9,000 new × 52% good × 1.64 allocation
$7,600
Kitchen countertopsdefault
$7,300 new × 52% good × 1.64 allocation
$6,200
Decorative trimdefault
$2,500 new × 52% good × 1.64 allocation
$2,100
Mirrorsdefault
$300 new × 40% good × 1.64 allocation
$200
Shelvingdefault
$900 new × 52% good × 1.64 allocation
$800
Window coverings (14)default
$3,500 new × 40% good × 1.64 allocation
$2,300
Kitchen & laundry equipment plumbingdefault
$7,000 new × 76% good × 1.64 allocation
$8,700
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 76% good × 1.64 allocation
$5,200
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 1.64 allocation
$5,000
Furniture conveyed with the sale (used)listing
$16,000 new × 40% good · out of the price
$6,400

15-year land improvements$22,900

Paving: driveway & walks (gravel)listing
$2,400 new × 52% good × 1.64 allocation
$2,000
Landscaping (typical)default
$7,600 new × 52% good × 1.64 allocation
$6,400
Patiosdefault
$1,400 new × 52% good × 1.64 allocation
$1,200
Decks & porches (attached)listing
$16,200 new × 50% good × 1.64 allocation
$13,300

Building, 39-year$275,100

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$156,400 new × 80% good × 1.64 allocation
$204,600
Building plumbing & fixturesdefault
$16,200 new × 76% good × 1.64 allocation
$20,100
Building electrical & lightingdefault
$15,600 new × 76% good × 1.64 allocation
$19,300
HVACdefault
$16,200 new × 40% good × 1.64 allocation
$10,600
Hardwood & tile floorsdefault
$9,300 new × 52% good × 1.64 allocation
$7,900
Fireplacelisting
$2,600 new × 52% good × 1.64 allocation
$2,200
Septic systemlisting
$12,000 new × 52% good × 1.64 allocation
$10,200

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	$44,600	$22,900	$300	$67,800
2	$0	$0	$7,100	$7,100
3	$0	$0	$7,100	$7,100
4	$0	$0	$7,100	$7,100
5	$0	$0	$7,100	$7,100
6+	$0	$0	$246,600	$246,600
Total	$44,600	$22,900	$275,100	$342,600

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

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.