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Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

273 Deer Crest Hts

273 Deer Crest Hts

Blue Ridge, GA 30513

$799,900

3 bd · 3 ba · 2,016 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2008

Sqft

2,016

Lot sqft

64,904

HOA / mo

None

Furnished

Yes

List date

2026-10-12T19:01:19.000000Z

Revenue

Annual revenue

$63,983

ADR

$306

Occupancy

57%

Cleaning fees (12 mo)

$12,249

Confidence

Med (52.8), 27 comps

Comp revenue range (p25 / median / p75)

$35,873$45,856$67,680

Median revenue of shown comps: $46,336

  • Mountain Views • Hot Tub • Fire Pit • Games

    Chalet · 3 bd · 3 ba · sleeps 8 · 102 ft

    Revenue $91,009ADR $306Occ ≈ 81%4.9★ (304)

    AirbnbVrbo

  • Sunshine Daydream - Mtn View, Hot Tub, Billiards!

    House · 3 bd · 3 ba · sleeps 8 · 0.1 mi

    Revenue $46,816ADR $356Occ ≈ 36%5★ (11)

    AirbnbVrboBooking

  • Mountain Views-Fireplace-Jacuzzi-Games-Close to BR

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.1 mi

    Revenue $91,248ADR $354Occ ≈ 71%5★ (53)

    AirbnbVrbo

  • Smokey Mountain: Modern Vibe, Views, Hot Tub

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

    Revenue $35,335ADR $327Occ ≈ 30%5★ (263)

    AirbnbVrbo

  • Secluded Mtn Cabin | Hot Tub | Sauna | Game Room

    Cabin · 3 bd · 3.5 ba · sleeps 8 · 0.3 mi

    Revenue $5,530ADR $502Occ ≈ 3%—

    Airbnb

  • NEW! Grounding Lodge - Sauna, Hot Tub, Gym, Games

    Cabin · 3 bd · 3.5 ba · sleeps 8 · 0.3 mi

    Revenue $36,410ADR $476Occ ≈ 21%5★ (17)

    AirbnbVrbo

  • Out of Office Inn- HotTub, OD Fireplace, Arcade!

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

    Revenue $36,870ADR $401Occ ≈ 25%5★ (2)

    AirbnbVrbo

  • Lil' Bill's Hill | Modern Cabin | 10 Min to Town

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

    Revenue $38,727ADR $267Occ ≈ 40%4.8★ (80)

    AirbnbVrbo

  • Exceptional Aska Area Luxury Cabin with hot tub close to downtown Blue Ridge

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

    Revenue $42,150ADR $387Occ ≈ 30%5★ (85)

    Vrbo

  • Coppertree Getaway

    Cabin · 3 bd · 3 ba · sleeps 7 · 0.5 mi

    Revenue $80,623ADR $390Occ ≈ 57%5★ (2)

    AirbnbVrbo

Show 16 more
  • Bear Tree Lodge -Mtn View, Pet frndly, Hot tub

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

    Revenue $71,497ADR $402Occ ≈ 49%5★ (6)

    AirbnbVrbo

  • Mountainside Retreat- HotTub, Mtn Views, Game Room

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

    Revenue $76,480ADR $324Occ ≈ 65%5★ (18)

    AirbnbVrboBooking

  • Time for family! Porch fireplace, firepit, WIFI, pool table, pet friendly!

    Cabin · 3 bd · 3 ba · sleeps 7 · 0.5 mi

    Revenue $33,355ADR $290Occ ≈ 32%5★ (25)

    Vrbo

  • Coppertree Getaway

    Vacation home · 3 bd · 3 ba · sleeps 7 · 0.5 mi

    Revenue $88,626ADR $447Occ ≈ 54%—

    Booking

  • Mountain Medicine Blue Ridge Cabin

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.6 mi

    Revenue $57,443ADR $268Occ ≈ 59%5★ (64)

    AirbnbVrbo

  • Off Program - Eagles Landing

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.6 mi

    Revenue $45,856ADR $328Occ ≈ 38%5★ (5)

    Vrbo

  • Gaga Heights

    Cabin · 3 bd · 4 ba · sleeps 6 · 0.6 mi

    Revenue $51,541ADR $499Occ ≈ 28%5★ (3)

    Airbnb

  • Majestic Mountaintop Escape

    House · 3 bd · 3 ba · sleeps 8 · 0.6 mi

    Revenue $27,898ADR $306Occ ≈ 25%5★ (62)

    AirbnbVrboBooking

  • Hillcrest Vista - Blue Ridge,GA

    Cabin · 3 bd · 3.5 ba · sleeps 8 · 0.6 mi

    Revenue $7,183ADR $509Occ ≈ 4%—

    AirbnbVrboBooking

  • Little Bird Landing- Outdoor Fireplace, Hot Tub

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.6 mi

    Revenue $33,453ADR $275Occ ≈ 33%5★ (11)

    AirbnbVrboBooking

  • Incredible Views/Spacious 3 Bedroom Cabin/ Hot Tub

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

    Revenue $19,194ADR $408Occ ≈ 13%5★ (60)

    AirbnbVrbo

  • Mountain Dream Lodge

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

    Revenue $69,504ADR $343Occ ≈ 56%5★ (4)

    AirbnbBooking

  • Aska Adventure Lodge- Game Room, Firepit, Hot Tub

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.7 mi

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

    Revenue $58,699ADR $338Occ ≈ 48%4.5★ (20)

    AirbnbVrboBooking

  • Breathe Inn - Huge Views, Close to Adventure

    Cabin · 3 bd · 2.5 ba · sleeps 9 · 0.7 mi

    Revenue $65,856ADR $358Occ ≈ 50%5★ (14)

    AirbnbVrboBooking

  • Stylish Cabin w/ Private Views, HotTub & Game Room

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.8 mi

    Revenue $43,309ADR $380Occ ≈ 31%5★ (180)

    AirbnbVrbo

  • Seven Turns to Sunrise

    Vacation home · 3 bd · 3 ba · sleeps 6 · 0.8 mi

    Revenue $59,563ADR $326Occ ≈ 50%—

    Booking

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
Term

Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

Est. revenue

$63,983

NOI

$31,403

Cash flow /mo

-$1,848

Cash needed

$231,971

Cash-on-cash

-9.6%

ROE (yr 1)

2.9%

Cap rate

3.9%

DSCR

0.59

Year-1 write-off

$142,393

Year-1 tax shield @ 32%

$45,566

Year-1 return on equity

  • Cash flow (annual)-$22,176
  • Principal paydown$4,864
  • Appreciation at%$23,997
ROE2.9%

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)$12,797
  • Platform fees (3% of revenue)$1,919
  • Maintenance / capex (5% of revenue)$3,199
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$1,946
  • Insurance (STR-rated)$8,519

Cash needed to close

  • Down payment (25%)$199,975
  • Closing costs (4.0%)$31,996
  • Furnishing (conveyed with the sale)$0

Tax savings if the STR loophole applies

  • Tax shield @ 32%$45,566

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

$681,000

Short-life (5/15-yr)

$142,000 · 21%

Year-1 deduction

$142,000

Year-1 tax shield @ 32%

$46,000

Land 15% (county tax record, market value split) · building $539,000 over 39 years

Based on: 2,016 sq ft, built 2008, 3 bd / 3 ba, furnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $87,000 in year 1 (13% short-life, $28,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$84,800
  • Kitchen cabinetsdefault

    $10,200 new × 40% good × 2.66 allocation

    $10,900
  • Kitchen countertopsdefault

    $8,400 new × 40% good × 2.66 allocation

    $8,900
  • Decorative trimdefault

    $3,500 new × 40% good × 2.66 allocation

    $3,700
  • Mirrorsdefault

    $500 new × 40% good × 2.66 allocation

    $500
  • Shelvingdefault

    $1,200 new × 40% good × 2.66 allocation

    $1,300
  • Window coverings (20)default

    $5,000 new × 40% good × 2.66 allocation

    $5,300
  • Carpet, vinyl & laminate (33% of floors)listing

    $4,300 new × 40% good × 2.66 allocation

    $4,600
  • Kitchen & laundry equipment plumbingdefault

    $8,000 new × 64% good × 2.66 allocation

    $13,500
  • Kitchen, laundry & data equipment electricaldefault

    $4,800 new × 64% good × 2.66 allocation

    $8,200
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 2.66 allocation

    $8,200
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.66 allocation

    $9,600
  • Furniture conveyed with the sale (used)listing

    $19,500 new × 40% good · out of the price

    $7,800
  • Game-room equipment (used)listing

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

    $2,400
15-year land improvements$57,000
  • Paving: driveway & walks (paved)default

    $9,300 new × 50% good × 2.66 allocation

    $12,400
  • Landscaping (typical)default

    $9,000 new × 50% good × 2.66 allocation

    $11,900
  • Patiosdefault

    $2,000 new × 50% good × 2.66 allocation

    $2,600
  • Decks & porches (attached)listing

    $22,700 new × 50% good × 2.66 allocation

    $30,100
Building, 39-year$538,800
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $218,600 new × 70% good × 2.66 allocation

    $406,600
  • Building plumbing & fixturesdefault

    $22,700 new × 64% good × 2.66 allocation

    $38,600
  • Building electrical & lightingdefault

    $22,800 new × 64% good × 2.66 allocation

    $38,800
  • HVACdefault

    $22,700 new × 40% good × 2.66 allocation

    $24,100
  • Hardwood & tile floorsdefault

    $8,600 new × 40% good × 2.66 allocation

    $9,200
  • Fireplaces (2)listing

    $5,300 new × 40% good × 2.66 allocation

    $5,600
  • Septic systemlisting

    $12,000 new × 50% good × 2.66 allocation

    $15,900

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$84,800$57,000$600$142,400
2$0$0$13,800$13,800
3$0$0$13,800$13,800
4$0$0$13,800$13,800
5$0$0$13,800$13,800
6+$0$0$483,000$483,000
Total$84,800$57,000$538,800$680,600

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.