514 Malory Cir
Ellijay, GA 30540
$974,777
4 bd · 4.5 ba · 4,005 sqft · Listed 1d ago
View on Realtor.com →Year built
2003
Sqft
4,005
Lot sqft
228,690
HOA / mo
None
Furnished
Yes
List date
2026-11-01T20:21:05.000000Z
Revenue
Annual revenue
$38,431
ADR
$323
Occupancy
33%
Cleaning fees (12 mo)
$7,224
Confidence
Low (40.71), 32 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $33,559
Hearthside Hideaway - Luxury Resort Home
Cabin · 4 bd · 3 ba · sleeps 8 · 0.2 mi
Revenue $11,526ADR $261Occ ≈ 12%—
Delisted
Fully Fenced Backyard for Pets/ Outdoor Pools
Cabin · 3 bd · 3 ba · sleeps 8 · 0.4 mi
Revenue $60,151ADR $262Occ ≈ 63%4.9★ (49)
3800 sq foot Secluded Cabin - Movie Theater, jacuzzi and arcade
Cabin · 4 bd · 3 ba · sleeps 9 · 0.4 mi
Revenue $31,499ADR $388Occ ≈ 22%4.5★ (2)
Delisted
Ellijay Cardinal Cabin Retreat in River Resort + Full Amenities & Nature Access
House · 3 bd · 3 ba · sleeps 8 · 0.4 mi
Revenue $37,082ADR $224Occ ≈ 45%5★ (1)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Flat Creek Falls House - Secluded & Peaceful House | 5 bd · 5.5 ba · sleeps 12 | $50,860 | $573 | 24% | 4.8★ (56) | 43 ft | AirbnbVrbo |
Lofty Escape Retreat Cabin
| 4 bd · 3 ba · sleeps 8 | $13,466 | $282 | 13% | 4.5★ (30) | 118 ft | AirbnbVrbo |
Hearthside Hideaway | Luxury Coosawattee Cabin Cabin
| 4 bd · 3 ba · sleeps 8 | $27,671 | $382 | 20% | 4.9★ (10) | 0.2 mi | AirbnbVrbo |
Tapp into Nature, family-sized, hot tub Cabin
| 4 bd · 3 ba · sleeps 8 | $26,268 | $293 | 25% | 4.8★ (12) | 0.2 mi | AirbnbVrboBooking |
Hearthside Hideaway - Luxury Resort Home Cabin | 4 bd · 3 ba · sleeps 8 | $11,526 | $261 | 12% | — | 0.2 mi | Delisted |
Highridge Hideaway|Hottub |Movie Theater|3700+ SF Cabin | 4 bd · 3 ba · sleeps 11 | $39,832 | $361 | 30% | 4.9★ (26) | 0.2 mi | AirbnbBooking |
Mountain Lookout View Firepit Hot tub & Fireplace Cabin
| 4 bd · 3 ba · sleeps 10 | $54,495 | $266 | 56% | 5★ (60) | 0.3 mi | AirbnbVrbo |
Fully Fenced Backyard for Pets/ Outdoor Pools Cabin | 3 bd · 3 ba · sleeps 8 | $60,151 | $262 | 63% | 4.9★ (49) | 0.4 mi | Airbnb |
3800 sq foot Secluded Cabin - Movie Theater, jacuzzi and arcade Cabin | 4 bd · 3 ba · sleeps 9 | $31,499 | $388 | 22% | 4.5★ (2) | 0.4 mi | Delisted |
Ellijay Cardinal Cabin Retreat in River Resort + Full Amenities & Nature Access House | 3 bd · 3 ba · sleeps 8 | $37,082 | $224 | 45% | 5★ (1) | 0.4 mi | Delisted |
Show 22 more
Chicken Coop | No Pet Fees | Sleeps 6 | large fenced yard| Paved Roads
Cabin · 3 bd · 3 ba · sleeps 6 · 0.5 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $64,780ADR $311Occ ≈ 57%5★ (17)
Glass Bridge Modern Masterpiece Blue Ridge Ellijay
House · 4 bd · 4 ba · sleeps 8 · 0.5 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $88,170ADR $507Occ ≈ 48%5★ (53)
Bear Traxx | Pets Stay FREE | Sleeps 8 | Game Room |Coosawattee River Resort
Cabin · 4 bd · 3.5 ba · sleeps 8 · 0.5 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $56,231ADR $278Occ ≈ 55%4.7★ (30)
Dolche Vita Chalet A great place to stay.
Cabin · 3 bd · 3 ba · sleeps 8 · 0.6 mi
Revenue $1,154ADR $577Occ ≈ 1%5★ (11)
Welcome to Whiskey Woods *Hot Tub* *Resort Pools*
Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.6 mi
Revenue $36,145ADR $266Occ ≈ 37%4.8★ (14)
Delisted
Secluded Cabin, Hot Tub, Pool Table, Resort access
Cabin · 4 bd · 3 ba · sleeps 6 · 0.6 mi
- Hot tub
- A/C
- Pets OK
- Wifi
- +5
Revenue $15,012ADR $403Occ ≈ 10%4.9★ (10)
Eagle Mountain River Retreat
Vacation home · 4 bd · 3 ba · sleeps 4 · 0.6 mi
Revenue $16,452ADR $200Occ ≈ 23%4.9★ (19)
2025 BUILT*Family Friendly*Game Rm*Fire Pit*5 TV's
House · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi
Revenue $21,300ADR $244Occ ≈ 24%5★ (7)
Fall Cabin Hot-Tub Fire-Pit Hiking Waterfalls Wineries Resort Amenities
Vacation home · 4 bd · 3 ba · sleeps 8 · 0.7 mi
Revenue $40,601ADR $305Occ ≈ 36%5★ (29)
New Listing-Community Amenities-Prime Location
House · 3 bd · 3 ba · sleeps 6 · 0.7 mi
Revenue $7,954ADR $163Occ ≈ 13%5★ (1)
North Georgia Mountain Cabin
Cabin · 3 bd · 3 ba · sleeps 6 · 0.8 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +6
Revenue $32,074ADR $299Occ ≈ 29%5★ (8)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Ellijay Harmony Lodge • Live Music Room • Sleeps 8 House
| 3 bd · 3 ba · sleeps 8 | $40,959 | $196 | 57% | 5★ (6) | 0.5 mi | AirbnbVrboBooking |
Trapper View Lodge | Lush Cabin Cabin
| 3 bd · 3 ba · sleeps 6 | $37,977 | $305 | 34% | 4.8★ (48) | 0.5 mi | AirbnbVrbo |
5-Star,Gated River Resort,Dog friendly, Hot Tub! Cabin
| 3 bd · 3 ba · sleeps 10 | $61,307 | $300 | 56% | 5★ (84) | 0.5 mi | AirbnbVrbo |
Chicken Coop | No Pet Fees | Sleeps 6 | large fenced yard| Paved Roads Cabin
| 3 bd · 3 ba · sleeps 6 | $64,780 | $311 | 57% | 5★ (17) | 0.5 mi | Vrbo |
Screened Porch + Home Office: Modern Ellijay Cabin House
| 3 bd · 2.5 ba · sleeps 6 | $1,024 | $256 | 1% | — | 0.5 mi | AirbnbVrboBooking |
Glass Bridge Modern Masterpiece Blue Ridge Ellijay House
| 4 bd · 4 ba · sleeps 8 | $88,170 | $507 | 48% | 5★ (53) | 0.5 mi | Airbnb |
Peaceful, screened porch, hot tub, firepit, grill Cabin
| 3 bd · 3 ba · sleeps 6 | $51,320 | $191 | 74% | 5★ (53) | 0.5 mi | AirbnbVrbo |
Ledger Creek Cabin Cabin
| 3 bd · 3 ba · sleeps 8 | $25,598 | $209 | 34% | 4.9★ (35) | 0.5 mi | AirbnbVrboBooking |
Bear Traxx | Pets Stay FREE | Sleeps 8 | Game Room |Coosawattee River Resort Cabin
| 4 bd · 3.5 ba · sleeps 8 | $56,231 | $278 | 55% | 4.7★ (30) | 0.5 mi | Vrbo |
Dolche Vita Chalet A great place to stay. Cabin | 3 bd · 3 ba · sleeps 8 | $1,154 | $577 | 1% | 5★ (11) | 0.6 mi | Airbnb |
Welcome to Whiskey Woods *Hot Tub* *Resort Pools* Cabin | 3 bd · 3.5 ba · sleeps 10 | $36,145 | $266 | 37% | 4.8★ (14) | 0.6 mi | Delisted |
Secluded Cabin, Hot Tub, Pool Table, Resort access Cabin
| 4 bd · 3 ba · sleeps 6 | $15,012 | $403 | 10% | 4.9★ (10) | 0.6 mi | Airbnb |
Eagle Mountain River Retreat Vacation home | 4 bd · 3 ba · sleeps 4 | $16,452 | $200 | 23% | 4.9★ (19) | 0.6 mi | Booking |
2025 BUILT*Family Friendly*Game Rm*Fire Pit*5 TV's House | 3 bd · 2.5 ba · sleeps 8 | $21,300 | $244 | 24% | 5★ (7) | 0.6 mi | Airbnb |
Hot Tub & Movie Room: Updated Cabin in Ellijay! Cabin
| 3 bd · 3 ba · sleeps 9 | $32,374 | $256 | 35% | 5★ (32) | 0.7 mi | AirbnbVrboBooking |
Rustic Cabin Escape in Gilmer County House
| 3 bd · 2.5 ba · sleeps 8 | $11,306 | $329 | 9% | — | 0.7 mi | AirbnbVrbo |
Eagle Mountain River Retreat House
| 4 bd · 3 ba · sleeps 10 | $20,998 | $250 | 23% | 4.9★ (58) | 0.7 mi | AirbnbVrbo |
Fall Cabin: Hot Tub | Fire Pit | Hikes | Wineries Cabin
| 3 bd · 2.5 ba · sleeps 8 | $34,743 | $260 | 37% | 5★ (43) | 0.7 mi | AirbnbVrboBooking |
Fall Cabin Hot-Tub Fire-Pit Hiking Waterfalls Wineries Resort Amenities Vacation home | 4 bd · 3 ba · sleeps 8 | $40,601 | $305 | 36% | 5★ (29) | 0.7 mi | Booking |
MTN Getaway for 12 | Pool, Hot Tub, Firepit & Game Cabin | 5 bd · 3 ba · sleeps 12 | $60,959 | $352 | 47% | 5★ (41) | 0.7 mi | AirbnbVrboBooking |
New Listing-Community Amenities-Prime Location House | 3 bd · 3 ba · sleeps 6 | $7,954 | $163 | 13% | 5★ (1) | 0.7 mi | Airbnb |
North Georgia Mountain Cabin Cabin
| 3 bd · 3 ba · sleeps 6 | $32,074 | $299 | 29% | 5★ (8) | 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
Rate 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium
Est. revenue
$38,431
NOI
$8,904
Cash flow /mo
-$4,617
Cash needed
$282,685
Cash-on-cash
-19.6%
ROE (yr 1)
-7.1%
Cap rate
0.9%
DSCR
0.14
Year-1 write-off
$191,603
Year-1 tax shield @ 32%
$61,313
Year-1 return on equity
- Cash flow (annual)-$55,408
- Principal paydown$6,119
- Appreciation at%$29,243
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)$7,686
- Platform fees (3% of revenue)$1,153
- Maintenance / capex (5% of revenue)$1,922
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,039
- Insurance (STR-rated)$10,528
Cash needed to close
- Down payment (25%)$243,694
- Closing costs (4.0%)$38,991
- Furnishing (conveyed with the sale)$0
Tax savings if the STR loophole applies
- Tax shield @ 32%$61,313
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
$851,000
Short-life (5/15-yr)
$191,000 · 22%
Year-1 deduction
$192,000
Year-1 tax shield @ 32%
$61,000
Land 13% (county tax record, market value split) · building $660,000 over 39 years
Based on: 4,005 sq ft, built 2003, 4 bd / 4.5 ba, furnished, listing features (hot tub, deck, covered patio, fence, game room, fireplace, stone counters, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $120,000 in year 1 (14% short-life, $38,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,000
Kitchen cabinetsdefault
$14,600 new × 40% good × 1.88 allocation
- $11,200
Kitchen countertops (stone)listing
$14,900 new × 40% good × 1.88 allocation
- $5,300
Decorative trimdefault
$7,000 new × 40% good × 1.88 allocation
- $500
Mirrorsdefault
$600 new × 40% good × 1.88 allocation
- $1,100
Shelvingdefault
$1,500 new × 40% good × 1.88 allocation
- $7,500
Window coverings (40)default
$10,000 new × 40% good × 1.88 allocation
- $7,800
Carpet, vinyl & laminate (40% of floors)listing
$10,300 new × 40% good × 1.88 allocation
- $11,500
Kitchen & laundry equipment plumbingdefault
$11,300 new × 54% good × 1.88 allocation
- $7,000
Kitchen, laundry & data equipment electricaldefault
$6,900 new × 54% good × 1.88 allocation
- $6,100
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)listing
$8,100 new × 40% good × 1.88 allocation
- $6,800
Hot tub (freestanding)listing
$9,000 new × 40% good × 1.88 allocation
- $9,200
Furniture conveyed with the sale (used)listing
$23,000 new × 40% good · out of the price
- $2,400
Game-room equipment (used)listing
$6,000 new × 40% good · out of the price
- $12,400
Paving: driveway & walks (paved)listing
$13,100 new × 50% good × 1.88 allocation
- $11,900
Landscaping (typical)default
$12,600 new × 50% good × 1.88 allocation
- $31,100
Covered patiolisting
$33,000 new × 50% good × 1.88 allocation
- $42,500
Decks & porches (attached)listing
$45,100 new × 50% good × 1.88 allocation
- $5,700
Fencinglisting
$6,000 new × 50% good × 1.88 allocation
- $506,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$435,500 new × 62% good × 1.88 allocation
- $46,000
Building plumbing & fixturesdefault
$45,200 new × 54% good × 1.88 allocation
- $48,900
Building electrical & lightingdefault
$48,000 new × 54% good × 1.88 allocation
- $34,000
HVACdefault
$45,100 new × 40% good × 1.88 allocation
- $11,700
Hardwood & tile floorsdefault
$15,500 new × 40% good × 1.88 allocation
- $2,000
Fireplacelisting
$2,600 new × 40% good × 1.88 allocation
- $11,300
Septic systemlisting
$12,000 new × 50% good × 1.88 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $87,400 | $103,500 | $700 | $191,600 |
| 2 | $0 | $0 | $16,900 | $16,900 |
| 3 | $0 | $0 | $16,900 | $16,900 |
| 4 | $0 | $0 | $16,900 | $16,900 |
| 5 | $0 | $0 | $16,900 | $16,900 |
| 6+ | $0 | $0 | $591,500 | $591,500 |
| Total | $87,400 | $103,500 | $659,900 | $850,800 |
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: 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.