4 Majestic Way
Morganton, GA 30560
$525,000
3 bd · 3 ba · 2,080 sqft · Listed 1d ago
View on Realtor.com →Year built
2004
Sqft
2,080
Lot sqft
130,680
HOA / mo
$42
Furnished
No
List date
2026-10-29T18:51:51.000000Z
Revenue
Annual revenue
$42,135
ADR
$269
Occupancy
43%
Cleaning fees (12 mo)
$7,011
Confidence
Med (61.33), 11 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $48,777
Majestic Mountain | Morganton, GA
Cabin · 3 bd · 3 ba · sleeps 10 · 266 ft
Revenue $48,777ADR $388Occ ≈ 34%4.8★ (34)
Misty Mountain
Cabin · 3 bd · 3 ba · sleeps 8 · 423 ft
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $7,521ADR $215Occ ≈ 10%5★ (5)
Rivendell - Morganton, GA - Take in Beautiful Lake Views, Soak in the Hot Tub, Rack Up a Game of Pool, and Enjoy Game Nights in
Vacation home · 3 bd · 3 ba · sleeps 8 · 0.1 mi
Revenue $57,520ADR $307Occ ≈ 51%4★ (1)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Majestic Mountain | Morganton, GA Cabin | 3 bd · 3 ba · sleeps 10 | $48,777 | $388 | 34% | 4.8★ (34) | 266 ft | Airbnb |
Misty Mountain Cabin
| 3 bd · 3 ba · sleeps 8 | $7,521 | $215 | 10% | 5★ (5) | 423 ft | Airbnb |
Rivendell | Mtn & Lake Views | Hot Tub | Game Room Cabin
| 3 bd · 3 ba · sleeps 8 | $30,768 | $291 | 29% | 4.5★ (11) | 0.1 mi | AirbnbVrbo |
Mountain Cabin w/ Hot Tub 200 Plus 5 Star Reviews Cabin
| 3 bd · 2 ba · sleeps 6 | $50,089 | $307 | 45% | 5★ (193) | 0.1 mi | AirbnbVrbo |
Rivendell - Morganton, GA - Take in Beautiful Lake Views, Soak in the Hot Tub, Rack Up a Game of Pool, and Enjoy Game Nights in Vacation home | 3 bd · 3 ba · sleeps 8 | $57,520 | $307 | 51% | 4★ (1) | 0.1 mi | Booking |
Cozy Lane Cabin|MTN Views|Hot Tub|Game RM|Fire Pit Cabin
| 3 bd · 3 ba · sleeps 8 | $42,552 | $307 | 38% | 4.9★ (61) | 0.1 mi | AirbnbVrbo |
S`More Time Together | Morganton, GA Cabin
| 3 bd · 2 ba · sleeps 6 | $56,670 | $446 | 35% | 5★ (6) | 0.1 mi | AirbnbVrbo |
3 Bedroom - Breath Taking Mountain Views! Cabin
| 3 bd · 3 ba · sleeps 8 | $60,035 | $286 | 58% | 5★ (156) | 0.2 mi | AirbnbVrbo |
Star Creek Chalet- King Beds, Hot Tub, Game Room Cabin
| 3 bd · 3 ba · sleeps 8 | $52,931 | $457 | 32% | 5★ (9) | 0.4 mi | AirbnbVrbo |
Hot tub-game rm-fire pit-private&cozy! A+ location Cabin | 3 bd · 2 ba · sleeps 8 | $21,365 | $264 | 22% | 4.8★ (56) | 0.6 mi | AirbnbBooking |
Show 1 more
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
Est. revenue
$42,135
NOI
$18,076
Cash flow /mo
$1,506
Cash needed
$571,500
Cash-on-cash (all cash)
3.2%
ROE (yr 1)
5.9%
Cap rate
3.4%
DSCR
—
Year-1 write-off
$123,435
Year-1 tax shield @ 32%
$39,499
Year-1 return on equity
- Cash flow (annual)$18,076
- Principal paydown (n/a, cash)$0
- Appreciation at%$15,750
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)$8,427
- Platform fees (3% of revenue)$1,264
- Maintenance / capex (5% of revenue)$2,107
- Utilities & supplies$4,200
- HOA$504
- Property tax$1,966
- Insurance (STR-rated)$5,591
Cash needed to close
- Purchase price (all cash)$525,000
- Closing costs (4.0%)$21,000
- Furnishing (bought new)$25,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$39,499
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
$460,000
Short-life (5/15-yr)
$98,000 · 21%
Year-1 deduction
$123,000
Year-1 tax shield @ 32%
$39,000
Land 12% (county tax record, market value split) · building $362,000 over 39 years · new furniture $26,000
Based on: 2,080 sq ft, built 2004, 3 bd / 3 ba, unfurnished, listing features (hot tub, deck, patio, game room, fireplace, flooring types, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $83,000 in year 1 (12% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,900
Kitchen cabinetsdefault
$10,400 new × 40% good × 1.91 allocation
- $6,500
Kitchen countertopsdefault
$8,500 new × 40% good × 1.91 allocation
- $2,800
Decorative trimdefault
$3,600 new × 40% good × 1.91 allocation
- $300
Mirrorsdefault
$500 new × 40% good × 1.91 allocation
- $900
Shelvingdefault
$1,200 new × 40% good × 1.91 allocation
- $4,000
Window coverings (21)default
$5,300 new × 40% good × 1.91 allocation
- $3,400
Carpet, vinyl & laminate (33% of floors)listing
$4,500 new × 40% good × 1.91 allocation
- $8,600
Kitchen & laundry equipment plumbingdefault
$8,100 new × 56% good × 1.91 allocation
- $5,200
Kitchen, laundry & data equipment electricaldefault
$4,900 new × 56% good × 1.91 allocation
- $6,200
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.91 allocation
- $6,900
Hot tub (freestanding)listing
$9,000 new × 40% good × 1.91 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
- $9,000
Paving: driveway & walks (paved)default
$9,500 new × 50% good × 1.91 allocation
- $4,300
Landscaping (minimal)listing
$4,500 new × 50% good × 1.91 allocation
- $9,000
Patioslisting
$9,400 new × 50% good × 1.91 allocation
- $22,400
Decks & porches (attached)listing
$23,400 new × 50% good × 1.91 allocation
- $273,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$225,600 new × 63% good × 1.91 allocation
- $25,100
Building plumbing & fixturesdefault
$23,400 new × 56% good × 1.91 allocation
- $25,300
Building electrical & lightingdefault
$23,600 new × 56% good × 1.91 allocation
- $17,900
HVACdefault
$23,400 new × 40% good × 1.91 allocation
- $6,800
Hardwood & tile floorsdefault
$8,900 new × 40% good × 1.91 allocation
- $2,000
Fireplacelisting
$2,600 new × 40% good × 1.91 allocation
- $11,500
Septic systemlisting
$12,000 new × 50% good × 1.91 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $78,300 | $44,700 | $400 | $123,400 |
| 2 | $0 | $0 | $9,300 | $9,300 |
| 3 | $0 | $0 | $9,300 | $9,300 |
| 4 | $0 | $0 | $9,300 | $9,300 |
| 5 | $0 | $0 | $9,300 | $9,300 |
| 6+ | $0 | $0 | $324,500 | $324,500 |
| Total | $78,300 | $44,700 | $362,000 | $485,000 |
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.