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514 Malory Cir

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)

$19,862$33,559$50,975

Few similar-size comps were found, so all comps are shown.

Median revenue of shown comps: $33,559

  • Flat Creek Falls House - Secluded & Peaceful

    House · 5 bd · 5.5 ba · sleeps 12 · 43 ft

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $50,860ADR $573Occ ≈ 24%4.8★ (56)

    AirbnbVrbo

  • Lofty Escape Retreat

    Cabin · 4 bd · 3 ba · sleeps 8 · 118 ft

    • Pool
    • A/C
    • Wifi
    • Kitchen
    • +3

    Revenue $13,466ADR $282Occ ≈ 13%4.5★ (30)

    AirbnbVrbo

  • Hearthside Hideaway | Luxury Coosawattee Cabin

    Cabin · 4 bd · 3 ba · sleeps 8 · 0.2 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $27,671ADR $382Occ ≈ 20%4.9★ (10)

    AirbnbVrbo

  • Tapp into Nature, family-sized, hot tub

    Cabin · 4 bd · 3 ba · sleeps 8 · 0.2 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $26,268ADR $293Occ ≈ 25%4.8★ (12)

    AirbnbVrboBooking

  • Hearthside Hideaway - Luxury Resort Home

    Cabin · 4 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $11,526ADR $261Occ ≈ 12%—

    Delisted

  • Highridge Hideaway|Hottub |Movie Theater|3700+ SF

    Cabin · 4 bd · 3 ba · sleeps 11 · 0.2 mi

    Revenue $39,832ADR $361Occ ≈ 30%4.9★ (26)

    AirbnbBooking

  • Mountain Lookout View Firepit Hot tub & Fireplace

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +6

    Revenue $54,495ADR $266Occ ≈ 56%5★ (60)

    AirbnbVrbo

  • 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)

    Airbnb

  • 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

Show 22 more

  • Ellijay Harmony Lodge • Live Music Room • Sleeps 8

    House · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $40,959ADR $196Occ ≈ 57%5★ (6)

    AirbnbVrboBooking

  • Trapper View Lodge | Lush Cabin

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.5 mi

    • Hot tub
    • Pool
    • A/C
    • Pets OK
    • +5

    Revenue $37,977ADR $305Occ ≈ 34%4.8★ (48)

    AirbnbVrbo

  • 5-Star,Gated River Resort,Dog friendly, Hot Tub!

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.5 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $61,307ADR $300Occ ≈ 56%5★ (84)

    AirbnbVrbo

  • 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)

    Vrbo

  • Screened Porch + Home Office: Modern Ellijay Cabin

    House · 3 bd · 2.5 ba · sleeps 6 · 0.5 mi

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $1,024ADR $256Occ ≈ 1%—

    AirbnbVrboBooking

  • 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)

    Airbnb

  • Peaceful, screened porch, hot tub, firepit, grill

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.5 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $51,320ADR $191Occ ≈ 74%5★ (53)

    AirbnbVrbo

  • Ledger Creek Cabin

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $25,598ADR $209Occ ≈ 34%4.9★ (35)

    AirbnbVrboBooking

  • 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)

    Vrbo

  • 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)

    Airbnb

  • 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)

    Airbnb

  • Eagle Mountain River Retreat

    Vacation home · 4 bd · 3 ba · sleeps 4 · 0.6 mi

    Revenue $16,452ADR $200Occ ≈ 23%4.9★ (19)

    Booking

  • 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)

    Airbnb

  • Hot Tub & Movie Room: Updated Cabin in Ellijay!

    Cabin · 3 bd · 3 ba · sleeps 9 · 0.7 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $32,374ADR $256Occ ≈ 35%5★ (32)

    AirbnbVrboBooking

  • Rustic Cabin Escape in Gilmer County

    House · 3 bd · 2.5 ba · sleeps 8 · 0.7 mi

    • Pool
    • A/C
    • Pets OK
    • Wifi
    • +4

    Revenue $11,306ADR $329Occ ≈ 9%—

    AirbnbVrbo

  • Eagle Mountain River Retreat

    House · 4 bd · 3 ba · sleeps 10 · 0.7 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +7

    Revenue $20,998ADR $250Occ ≈ 23%4.9★ (58)

    AirbnbVrbo

  • Fall Cabin: Hot Tub | Fire Pit | Hikes | Wineries

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.7 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $34,743ADR $260Occ ≈ 37%5★ (43)

    AirbnbVrboBooking

  • 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)

    Booking

  • MTN Getaway for 12 | Pool, Hot Tub, Firepit & Game

    Cabin · 5 bd · 3 ba · sleeps 12 · 0.7 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $60,959ADR $352Occ ≈ 47%5★ (41)

    AirbnbVrboBooking

  • New Listing-Community Amenities-Prime Location

    House · 3 bd · 3 ba · sleeps 6 · 0.7 mi

    Revenue $7,954ADR $163Occ ≈ 13%5★ (1)

    Airbnb

  • 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)

    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

Financing
Management

Est. revenue

$38,431

NOI

$8,904

Cash flow /mo

$742

Cash needed

$1,013,768

Cash-on-cash (all cash)

0.9%

ROE (yr 1)

3.8%

Cap rate

0.9%

DSCR

—

Year-1 write-off

$191,603

Year-1 tax shield @ 32%

$61,313

Year-1 return on equity

  • Cash flow (annual)$8,904
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$29,243
ROE3.8%

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

  • Purchase price (all cash)$974,777
  • 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.

5-year property$87,400

  • Kitchen cabinetsdefault

    $14,600 new × 40% good × 1.88 allocation

    $11,000

  • Kitchen countertops (stone)listing

    $14,900 new × 40% good × 1.88 allocation

    $11,200

  • Decorative trimdefault

    $7,000 new × 40% good × 1.88 allocation

    $5,300

  • Mirrorsdefault

    $600 new × 40% good × 1.88 allocation

    $500

  • Shelvingdefault

    $1,500 new × 40% good × 1.88 allocation

    $1,100

  • Window coverings (40)default

    $10,000 new × 40% good × 1.88 allocation

    $7,500

  • Carpet, vinyl & laminate (40% of floors)listing

    $10,300 new × 40% good × 1.88 allocation

    $7,800

  • Kitchen & laundry equipment plumbingdefault

    $11,300 new × 54% good × 1.88 allocation

    $11,500

  • Kitchen, laundry & data equipment electricaldefault

    $6,900 new × 54% good × 1.88 allocation

    $7,000

  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)listing

    $8,100 new × 40% good × 1.88 allocation

    $6,100

  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 1.88 allocation

    $6,800

  • Furniture conveyed with the sale (used)listing

    $23,000 new × 40% good · out of the price

    $9,200

  • Game-room equipment (used)listing

    $6,000 new × 40% good · out of the price

    $2,400
15-year land improvements$103,500

  • Paving: driveway & walks (paved)listing

    $13,100 new × 50% good × 1.88 allocation

    $12,400

  • Landscaping (typical)default

    $12,600 new × 50% good × 1.88 allocation

    $11,900

  • Covered patiolisting

    $33,000 new × 50% good × 1.88 allocation

    $31,100

  • Decks & porches (attached)listing

    $45,100 new × 50% good × 1.88 allocation

    $42,500

  • Fencinglisting

    $6,000 new × 50% good × 1.88 allocation

    $5,700
Building, 39-year$659,900

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $435,500 new × 62% good × 1.88 allocation

    $506,100

  • Building plumbing & fixturesdefault

    $45,200 new × 54% good × 1.88 allocation

    $46,000

  • Building electrical & lightingdefault

    $48,000 new × 54% good × 1.88 allocation

    $48,900

  • HVACdefault

    $45,100 new × 40% good × 1.88 allocation

    $34,000

  • Hardwood & tile floorsdefault

    $15,500 new × 40% good × 1.88 allocation

    $11,700

  • Fireplacelisting

    $2,600 new × 40% good × 1.88 allocation

    $2,000

  • Septic systemlisting

    $12,000 new × 50% good × 1.88 allocation

    $11,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
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.