51 Summit Ln
Blue Ridge, GA 30513
$249,000
3 bd · 2 ba · Listed 19d ago
View on Realtor.com →Year built
1995
Sqft
—
Lot sqft
28,750
HOA / mo
$0
Furnished
No
List date
2026-09-08T17:17:08.000000Z
Revenue
Annual revenue
$49,354
ADR
$269
Occupancy
50%
Cleaning fees (12 mo)
$8,087
Confidence
Low (51.63), 23 comps
Comp revenue range (p25 / median / p75)
Affordable! Mtn Views, Game Room, Hot Tub, Amenities & More
Cabin · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $50,751ADR $246Occ ≈ 57%4.9★ (327)
Luxury Blue Ridge cabin with long-range views & Peloton Bike!
Cabin · 3 bd · 3 ba · sleeps 8 · 0.3 mi
Revenue $35,542ADR $523Occ ≈ 19%5★ (97)
Luxury Cabin, Breathtaking View located in the Aska Adventure area.
Cabin · 3 bd · 3 ba · sleeps 6 · 0.3 mi
Revenue $29,093ADR $350Occ ≈ 23%5★ (48)
Chestnut Ridge - Mountaintop Luxury Living
Vacation home · 3 bd · 3 ba · sleeps 8 · 0.3 mi
Revenue $108,451ADR $425Occ ≈ 70%1.5★ (1)
Downtown in this cozy pet and family friendly mid century cottage
House · 3 bd · 1 ba · sleeps 5 · 0.4 mi
Revenue $43,555ADR $146Occ ≈ 82%4.8★ (257)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Blue Ridge - In town well appointed home House | 3 bd · 3 ba · sleeps 6 | $62,685 | $242 | 71% | 4.9★ (217) | 0.3 mi | AirbnbVrbo |
Affordable! Mtn Views, Game Room, Hot Tub, Amenities & More Cabin | 3 bd · 2 ba · sleeps 6 | $50,751 | $246 | 57% | 4.9★ (327) | 0.3 mi | Vrbo |
Luxury Blue Ridge cabin with long-range views & Peloton Bike! Cabin | 3 bd · 3 ba · sleeps 8 | $35,542 | $523 | 19% | 5★ (97) | 0.3 mi | Vrbo |
Luxury Cabin, Breathtaking View located in the Aska Adventure area. Cabin | 3 bd · 3 ba · sleeps 6 | $29,093 | $350 | 23% | 5★ (48) | 0.3 mi | Vrbo |
Chestnut Ridge - Mountaintop Luxury Living Vacation home | 3 bd · 3 ba · sleeps 8 | $108,451 | $425 | 70% | 1.5★ (1) | 0.3 mi | Booking |
Downtown Walk Around House | 3 bd · 2 ba · sleeps 6 | $40,759 | $313 | 36% | 4.9★ (99) | 0.4 mi | AirbnbVrboBooking |
Bright & Spacious 3BR Cottage Downtown Blue Ridge House | 3 bd · 2.5 ba · sleeps 8 | $30,051 | $245 | 34% | 5★ (28) | 0.4 mi | AirbnbVrbo |
Downtown in this cozy pet and family friendly mid century cottage House | 3 bd · 1 ba · sleeps 5 | $43,555 | $146 | 82% | 4.8★ (257) | 0.4 mi | Vrbo |
Main & Main - Downtown Blue Ridge Condominium (condo) | 3 bd · 3 ba · sleeps 6 | $80,709 | $449 | 49% | 4.8★ (53) | 0.4 mi | AirbnbVrboBooking |
Castle Ridge- Hot Tub, Panoramic Views, Firepit Cabin | 3 bd · 3 ba · sleeps 8 | $31,161 | $455 | 19% | 4.7★ (14) | 0.5 mi | AirbnbVrboBooking |
Show all 23 comps
Tree Top Hideaway - Private with Games Firepit More
Villa · 3 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $3,742ADR $118Occ ≈ 9%5★ (2)
3 Bed, 3 Bath Cabin w/ Hot Tub, 180 degree Views & 5 mins to downtown Blue Ridge
Cabin · 3 bd · 3 ba · sleeps 8 · 0.7 mi
Revenue $18,118ADR $551Occ ≈ 9%5★ (7)
Summer SALE:6 mins Downtown•Hot Tub•Arcade•FirePit
Cabin · 3 bd · 2 ba · sleeps 8 · 0.8 mi
Revenue $36,438ADR $241Occ ≈ 41%5★ (183)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Tree Top Hideaway - Private with Games Firepit More Villa | 3 bd · 2 ba · sleeps 6 | $3,742 | $118 | 9% | 5★ (2) | 0.5 mi | Booking |
Nest on West Vacation home | 3 bd · 2 ba · sleeps 6 | $65,087 | $356 | 50% | — | 0.5 mi | Booking |
The Clock Tower Loft | On Main Street Blue Ridge Apartment | 3 bd · 2.5 ba · sleeps 6 | $16,386 | $521 | 9% | 4.8★ (20) | 0.6 mi | AirbnbVrboBooking |
TreeTops- Pets OK, Master on Main, ~5 min to TOWN! Cabin | 3 bd · 2.5 ba · sleeps 8 | $50,169 | $365 | 38% | 4.8★ (34) | 0.6 mi | AirbnbVrboBooking |
Steps To Main Street! HotTub-Firepit-Pet Friendly! House | 3 bd · 2 ba · sleeps 6 | $48,462 | $256 | 52% | 5★ (39) | 0.6 mi | AirbnbVrbo |
Nest on West- Downtown BR Condo, Walk to Shops Condominium (condo) | 3 bd · 2 ba · sleeps 6 | $65,791 | $408 | 44% | 5★ (41) | 0.6 mi | AirbnbVrbo |
2 Master Suites w/view, Spa, Arcade, 5 min to town Cabin | 3 bd · 2.5 ba · sleeps 9 | $51,150 | $349 | 40% | 5★ (101) | 0.6 mi | AirbnbVrbo |
Blue Ridge Cottage - Downtown House | 3 bd · 3 ba · sleeps 8 | $73,139 | $427 | 47% | 4.8★ (46) | 0.6 mi | AirbnbVrboBooking |
High Country Hideaway- Fireplace, Hot Tub, Pets! Cabin | 3 bd · 2.5 ba · sleeps 10 | $60,055 | $347 | 47% | 4.9★ (39) | 0.7 mi | AirbnbVrboBooking |
3 Bed, 3 Bath Cabin w/ Hot Tub, 180 degree Views & 5 mins to downtown Blue Ridge Cabin | 3 bd · 3 ba · sleeps 8 | $18,118 | $551 | 9% | 5★ (7) | 0.7 mi | Vrbo |
Blackberry Lodge- Pet Friendly, Firepit, Hot Tub Cabin | 3 bd · 2.5 ba · sleeps 6 | $74,100 | $339 | 60% | 5★ (60) | 0.7 mi | AirbnbVrboBooking |
Bearing Haus - Aska Adventure Area Cabin | 3 bd · 3 ba · sleeps 6 | $44,516 | $278 | 44% | 4.6★ (34) | 0.7 mi | AirbnbVrboBooking |
Summer SALE:6 mins Downtown•Hot Tub•Arcade•FirePit Cabin | 3 bd · 2 ba · sleeps 8 | $36,438 | $241 | 41% | 5★ (183) | 0.8 mi | Airbnb |
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
$49,354
NOI
$28,442
Cash flow /mo
$2,370
Cash needed
$278,460
Cash-on-cash (all cash)
10.2%
ROE (yr 1)
12.9%
Cap rate
11.4%
DSCR
—
Year-1 write-off
$24,715
Year-1 tax shield @ 32%
$7,909
Year-1 return on equity
- Cash flow (annual)$28,442
- Principal paydown (n/a, cash)$0
- Appreciation at%$7,470
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$9,871
- Platform fees (3% of revenue)$1,481
- Maintenance / capex (5% of revenue)$2,468
- Utilities & supplies$4,200
- HOA$0
- Property tax$241
- Insurance (STR-rated)$2,652
Cash needed to close
- Purchase price (all cash)$249,000
- Closing costs (4.0%)$9,960
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$7,909
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
$25,000
Short-life (5/15-yr)
$5,000 · 21%
Year-1 deduction
$25,000
Year-1 tax shield @ 32%
$8,000
Land 90% (county tax record, market value split) · building $20,000 over 39 years · new furniture $20,000
Based on: ~1,900 sq ft (from beds), built 1995, 3 bd / 2 ba, unfurnished, listing features (fireplace, flooring types, septic).
IRS-guide safe-harbor floor: $23,000 in year 1 (15% short-life, $7,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $600
Kitchen cabinetsdefault
$10,000 new × 40% good × 0.15 allocation
- $500
Kitchen countertopsdefault
$8,200 new × 40% good × 0.15 allocation
- $200
Decorative trimdefault
$3,300 new × 40% good × 0.15 allocation
- $0
Mirrorsdefault
$300 new × 40% good × 0.15 allocation
- $100
Shelvingdefault
$1,200 new × 40% good × 0.15 allocation
- $300
Window coverings (19)default
$4,800 new × 40% good × 0.15 allocation
- $700
Carpet, vinyl & laminate (100% of floors)listing
$12,200 new × 40% good × 0.15 allocation
- $500
Kitchen & laundry equipment plumbingdefault
$7,800 new × 40% good × 0.15 allocation
- $300
Kitchen, laundry & data equipment electricaldefault
$4,700 new × 40% good × 0.15 allocation
- $500
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 0.15 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $700
Paving: driveway & walks (paved)default
$9,000 new × 50% good × 0.15 allocation
- $600
Landscaping (typical)default
$8,700 new × 50% good × 0.15 allocation
- $100
Patiosdefault
$1,900 new × 50% good × 0.15 allocation
- $100
Decks & porches (attached)default
$1,900 new × 50% good × 0.15 allocation
- $14,700
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$206,100 new × 48% good × 0.15 allocation
- $1,300
Building plumbing & fixturesdefault
$21,400 new × 40% good × 0.15 allocation
- $1,300
Building electrical & lightingdefault
$21,400 new × 40% good × 0.15 allocation
- $1,300
HVACdefault
$21,400 new × 40% good × 0.15 allocation
- $200
Fireplacelisting
$2,600 new × 40% good × 0.15 allocation
- $900
Septic systemlisting
$12,000 new × 50% good × 0.15 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $23,100 | $1,600 | $100 | $24,700 |
| 2 | $0 | $0 | $500 | $500 |
| 3 | $0 | $0 | $500 | $500 |
| 4 | $0 | $0 | $500 | $500 |
| 5 | $0 | $0 | $500 | $500 |
| 6+ | $0 | $0 | $17,500 | $17,500 |
| Total | $23,100 | $1,600 | $19,500 | $44,200 |
The building's share of the price ($25,000) is well below our depreciated replacement cost of the home ($167,000). The land share may be overstated, or the home may need work.
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.