210 Indian Lake Rd

Mineral Bluff, GA 30559

$549,500

3 bd · 3 ba · 2,876 sqft · Listed 25d ago

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Rental historyLow confidence

Year built

2009

Sqft

2,876

Lot sqft

108,464

HOA / mo

None

Furnished

Yes

List date

2026-09-02T20:13:35.000000Z

Revenue

Annual revenue

$47,984

ADR

$250

Occupancy

53%

Cleaning fees (12 mo)

$9,526

Confidence

Low (33.59), 7 comps

Comp revenue range (p25 / median / p75)

$18,880$34,819$58,054

Buffalo Ridge - Hot tub, fire pit, and fireplace!
Cabin · 3 bd · 3.5 ba · sleeps 12 · 272 ft
Revenue $56,635ADR $335Occ ≈ 46%4.7★ (14)
Airbnb Vrbo Booking
Whiskey Pines
Vacation home · 3 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $18,406ADR $262Occ ≈ 19%—
Booking
3 Peaks: Scenic Sunsets, Views, Fireplaces & More!
Cabin · 3 bd · 3.5 ba · sleeps 8 · 0.4 mi
Revenue $44,425ADR $474Occ ≈ 26%5★
Vrbo
Rustic Elegance • HotTub • PoolTable • Sunset View
Cabin · 3 bd · 3 ba · sleeps 8 · 0.5 mi
Revenue $85,788ADR $404Occ ≈ 58%5★ (28)
Airbnb Vrbo
Views, Fireplaces, Game room, King beds and more!
Cabin · 3 bd · 3.5 ba · sleeps 8 · 0.5 mi
Revenue $62,312ADR $335Occ ≈ 51%5★ (85)
Airbnb Vrbo
3 Peaks Scenic Sunsets, Views, Fireplaces
Vacation home · 3 bd · 3 ba · sleeps 9 · 0.5 mi
Revenue $19,038ADR $560Occ ≈ 9%—
Booking
Luxury Cabin Vacation Rental in Mineral Bluff
Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi
Revenue $25,212ADR $226Occ ≈ 31%5★ (83)
Airbnb Vrbo
Luxury Mineral Bluff Cabin with Hot Tub and Decks
Cabin · 3 bd · 2.5 ba · sleeps 6 · 0.7 mi
Revenue $9,120ADR $182Occ ≈ 14%5★ (9)
Airbnb Vrbo Booking

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Buffalo Ridge - Hot tub, fire pit, and fireplace! Cabin	3 bd · 3.5 ba · sleeps 12	$56,635	$335	46%	4.7★ (14)	272 ft	Airbnb Vrbo Booking
Whiskey Pines Vacation home	3 bd · 2 ba · sleeps 4	$18,406	$262	19%	—	0.3 mi	Booking
3 Peaks: Scenic Sunsets, Views, Fireplaces & More! Cabin	3 bd · 3.5 ba · sleeps 8	$44,425	$474	26%	5★	0.4 mi	Vrbo
Rustic Elegance • HotTub • PoolTable • Sunset View Cabin	3 bd · 3 ba · sleeps 8	$85,788	$404	58%	5★ (28)	0.5 mi	Airbnb Vrbo
Views, Fireplaces, Game room, King beds and more! Cabin	3 bd · 3.5 ba · sleeps 8	$62,312	$335	51%	5★ (85)	0.5 mi	Airbnb Vrbo
3 Peaks Scenic Sunsets, Views, Fireplaces Vacation home	3 bd · 3 ba · sleeps 9	$19,038	$560	9%	—	0.5 mi	Booking
Luxury Cabin Vacation Rental in Mineral Bluff Cabin	3 bd · 2.5 ba · sleeps 8	$25,212	$226	31%	5★ (83)	0.6 mi	Airbnb Vrbo
Luxury Mineral Bluff Cabin with Hot Tub and Decks Cabin	3 bd · 2.5 ba · sleeps 6	$9,120	$182	14%	5★ (9)	0.7 mi	Airbnb Vrbo Booking

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

$47,984

NOI

$21,756

Cash flow /mo

$1,813

Cash needed

$571,480

Cash-on-cash (all cash)

3.8%

ROE (yr 1)

6.7%

Cap rate

4.0%

DSCR

—

Year-1 write-off

$99,116

Year-1 tax shield @ 32%

$31,717

Year-1 return on equity

Cash flow (annual)$21,756
Principal paydown (n/a, cash)$0
Appreciation at%$16,485

ROE6.7%

ROE incl. year-1 tax savings (32% bracket, STR loophole)12.2%

Opex, cash-needed & tax-savings breakdown

Annual operating expenses

Management (20% of revenue)$9,597
Platform fees (3% of revenue)$1,440
Maintenance / capex (5% of revenue)$2,399
Utilities & supplies$4,200
HOA$0
Property tax$2,740
Insurance (STR-rated)$5,852

Cash needed to close

Purchase price (all cash)$549,500
Closing costs (4.0%)$21,980
Furnishing (conveyed with the sale)$0

Tax savings if the STR loophole applies

Tax shield @ 32%$31,717

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

$523,000

Short-life (5/15-yr)

$98,000 · 19%

Year-1 deduction

$99,000

Year-1 tax shield @ 32%

$32,000

Land 5% (county tax record, market value split) · building $425,000 over 39 years

Based on: 2,876 sq ft, built 2009, 3 bd / 3 ba, furnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list, septic).

IRS-guide safe-harbor floor: $59,000 in year 1 (11% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$54,900

Kitchen cabinetsdefault
$12,100 new × 40% good × 1.44 allocation
$7,000
Kitchen countertopsdefault
$9,900 new × 40% good × 1.44 allocation
$5,700
Decorative trimdefault
$5,000 new × 40% good × 1.44 allocation
$2,900
Mirrorsdefault
$500 new × 40% good × 1.44 allocation
$300
Shelvingdefault
$1,200 new × 40% good × 1.44 allocation
$700
Window coverings (29)default
$7,300 new × 40% good × 1.44 allocation
$4,200
Kitchen & laundry equipment plumbingdefault
$9,400 new × 66% good × 1.44 allocation
$9,000
Kitchen, laundry & data equipment electricaldefault
$5,700 new × 66% good × 1.44 allocation
$5,400
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 1.44 allocation
$4,400
Hot tub (freestanding)listing
$9,000 new × 40% good × 1.44 allocation
$5,200
Furniture conveyed with the sale (used)listing
$19,500 new × 40% good · out of the price
$7,800
Game-room equipment (used)listing
$6,000 new × 40% good · out of the price
$2,400

15-year land improvements$42,900

Paving: driveway & walks (paved)default
$11,100 new × 50% good × 1.44 allocation
$8,000
Landscaping (typical)default
$10,700 new × 50% good × 1.44 allocation
$7,700
Patiosdefault
$2,800 new × 50% good × 1.44 allocation
$2,000
Decks & porches (attached)listing
$32,400 new × 50% good × 1.44 allocation
$23,300
Site lightinglisting
$2,500 new × 50% good × 1.44 allocation
$1,800

Building, 39-year$425,100

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$312,600 new × 72% good × 1.44 allocation
$322,700
Building plumbing & fixturesdefault
$32,400 new × 66% good × 1.44 allocation
$30,800
Building electrical & lightingdefault
$33,700 new × 66% good × 1.44 allocation
$32,100
HVACdefault
$32,400 new × 40% good × 1.44 allocation
$18,700
Hardwood & tile floorsdefault
$18,500 new × 40% good × 1.44 allocation
$10,700
Fireplacelisting
$2,600 new × 40% good × 1.44 allocation
$1,500
Septic systemlisting
$12,000 new × 50% good × 1.44 allocation
$8,600

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	$54,900	$42,900	$1,400	$99,100
2	$0	$0	$10,900	$10,900
3	$0	$0	$10,900	$10,900
4	$0	$0	$10,900	$10,900
5	$0	$0	$10,900	$10,900
6+	$0	$0	$380,100	$380,100
Total	$54,900	$42,900	$425,100	$522,800

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: 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.