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624 Rhonda Ln

624 Rhonda Ln

Mineral Bluff, GA 30559

$675,000

3 bd · 3 ba · 2,080 sqft · Listed 12d ago

View on Realtor.com →
Rental history

Year built

2005

Sqft

2,080

Lot sqft

109,336

HOA / mo

$13

Furnished

No

List date

2026-09-15T13:38:13.000000Z

Revenue

Annual revenue

$42,612

ADR

$274

Occupancy

43%

Cleaning fees (12 mo)

$9,190

Confidence

Med (60.32), 11 comps

Comp revenue range (p25 / median / p75)

$31,893$38,577$47,957

  • Always on My Mind

    Cabin · 3 bd · 3 ba · sleeps 8 · 190 ft

    Revenue $48,790ADR $316Occ ≈ 42%4.8★ (4)

    AirbnbBooking

  • Mountain View Cabin w/ Hot Tub & Game Room

    Cabin · 3 bd · 3 ba · sleeps 6 · 404 ft

    Revenue $38,577ADR $334Occ ≈ 32%4.5★ (4)

    AirbnbVrbo

  • Stargazer - Mountain View, Mineral Bluff

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.1 mi

    Revenue $36,766ADR $339Occ ≈ 30%5★ (26)

    AirbnbVrboBooking

  • Harvest Moon- View, dog friendly, hot tub, firepit

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.1 mi

    Revenue $25,361ADR $166Occ ≈ 42%5★ (31)

    AirbnbVrboBooking

  • Golden Getaway- Mineral Bluff GA

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.1 mi

    Revenue $31,659ADR $290Occ ≈ 30%5★ (1)

    AirbnbVrboBooking

  • Hawks Hideaway- Mineral Bluff GA

    Cabin · 3 bd · 3 ba · sleeps 7 · 0.1 mi

    Revenue $64,935ADR $567Occ ≈ 31%4.6★ (5)

    AirbnbVrboBooking

  • The Eyrie

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.2 mi

    Revenue $21,306ADR $278Occ ≈ 21%5★ (132)

    AirbnbVrbo

  • Points of View- Pets OK, Hot Tub, Billiards, View!

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.3 mi

    Revenue $78,007ADR $368Occ ≈ 58%4.8★ (5)

    AirbnbVrboBooking

  • Hibearnation ~ Panoramic mountain view with 2 king

    Cabin · 3 bd · 3 ba · sleeps 9 · 0.4 mi

    Revenue $32,126ADR $250Occ ≈ 35%5★ (75)

    Airbnb

  • Mountain view cabin | Hot tub | Peloton | Arcade

    Cabin · 3 bd · 3 ba · sleeps 7 · 0.4 mi

    Revenue $42,690ADR $299Occ ≈ 39%5★ (149)

    AirbnbVrbo

Show all 11 comps

  • Mountain Escape w/ View, Hot Tub, Fire Pit & EV

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.4 mi

    Revenue $47,123ADR $290Occ ≈ 45%5★ (67)

    AirbnbVrboBooking

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

Est. revenue

$42,612

NOI

$17,186

Cash flow /mo

$1,432

Cash needed

$727,500

Cash-on-cash (all cash)

2.4%

ROE (yr 1)

5.1%

Cap rate

2.5%

DSCR

—

Year-1 write-off

$145,757

Year-1 tax shield @ 32%

$46,642

Year-1 return on equity

  • Cash flow (annual)$17,186
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$20,250
ROE5.1%
ROE incl. year-1 tax savings (32% bracket, STR loophole)11.6%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$8,522
  • Platform fees (3% of revenue)$1,278
  • Maintenance / capex (5% of revenue)$2,131
  • Utilities & supplies$4,200
  • HOA$156
  • Property tax$1,950
  • Insurance (STR-rated)$7,189

Cash needed to close

  • Purchase price (all cash)$675,000
  • Closing costs (4.0%)$27,000
  • Furnishing (bought new)$25,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$46,642

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

$609,000

Short-life (5/15-yr)

$119,000 · 19%

Year-1 deduction

$146,000

Year-1 tax shield @ 32%

$47,000

Land 10% (county tax record, market value split) · building $490,000 over 39 years · new furniture $26,000

Based on: 2,080 sq ft, built 2005, 3 bd / 3 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list, septic).

IRS-guide safe-harbor floor: $92,000 in year 1 (11% short-life, $30,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$89,100

  • Kitchen cabinetsdefault

    $10,400 new × 40% good × 2.51 allocation

    $10,400

  • Kitchen countertopsdefault

    $8,500 new × 40% good × 2.51 allocation

    $8,500

  • Decorative trimdefault

    $3,600 new × 40% good × 2.51 allocation

    $3,600

  • Mirrorsdefault

    $500 new × 40% good × 2.51 allocation

    $500

  • Shelvingdefault

    $1,200 new × 40% good × 2.51 allocation

    $1,200

  • Window coverings (21)default

    $5,300 new × 40% good × 2.51 allocation

    $5,300

  • Kitchen & laundry equipment plumbingdefault

    $8,100 new × 58% good × 2.51 allocation

    $11,700

  • Kitchen, laundry & data equipment electricaldefault

    $4,900 new × 58% good × 2.51 allocation

    $7,100

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

    $6,300 new × 40% good × 2.51 allocation

    $6,300

  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.51 allocation

    $9,000

  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500

  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$55,100

  • Paving: driveway & walks (paved)default

    $9,500 new × 50% good × 2.51 allocation

    $11,800

  • Landscaping (typical)default

    $9,100 new × 50% good × 2.51 allocation

    $11,400

  • Patiosdefault

    $2,100 new × 50% good × 2.51 allocation

    $2,600

  • Decks & porches (attached)listing

    $23,400 new × 50% good × 2.51 allocation

    $29,300
Building, 39-year$490,300

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

    $225,600 new × 65% good × 2.51 allocation

    $367,400

  • Building plumbing & fixturesdefault

    $23,400 new × 58% good × 2.51 allocation

    $34,000

  • Building electrical & lightingdefault

    $23,600 new × 58% good × 2.51 allocation

    $34,300

  • HVACdefault

    $23,400 new × 40% good × 2.51 allocation

    $23,500

  • Hardwood & tile floorsdefault

    $13,400 new × 40% good × 2.51 allocation

    $13,400

  • Fireplacelisting

    $2,600 new × 40% good × 2.51 allocation

    $2,600

  • Septic systemlisting

    $12,000 new × 50% good × 2.51 allocation

    $15,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$89,100$55,100$1,600$145,800
2$0$0$12,600$12,600
3$0$0$12,600$12,600
4$0$0$12,600$12,600
5$0$0$12,600$12,600
6+$0$0$438,500$438,500
Total$89,100$55,100$490,300$634,500

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.