184 Jordan Dr
Blue Ridge, GA 30513
$679,900
4 bd · 3 ba · 2,705 sqft · Listed 1d ago
View on Realtor.com →Year built
2000
Sqft
2,705
Lot sqft
182,516
HOA / mo
$0
Furnished
No
List date
2026-10-12T18:03:46.000000Z
Revenue
Annual revenue
$59,453
ADR
$397
Occupancy
41%
Cleaning fees (12 mo)
$9,727
Confidence
Low (38), 18 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $64,942
Eagles on the Ridge
Vacation home · 4 bd · 4 ba · sleeps 10 · 0.3 mi
Revenue $68,227ADR $464Occ ≈ 40%—
Toccoa River Dreams - Direct Riverfront Home - Very Private
House · 4 bd · 3.5 ba · sleeps 12 · 0.5 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $81,556ADR $572Occ ≈ 39%5★ (142)
Knotty Chalet |Toccoa River Views| Lux Furnishings
Cabin · 4 bd · 3 ba · sleeps 10 · 0.6 mi
Revenue $14,733ADR $1,506Occ ≈ 3%4.9★ (93)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Eagles on the Ridge- Hot Tub, Game Room, Elevator Cabin
| 4 bd · 4 ba · sleeps 10 | $61,657 | $456 | 37% | 4.8★ (18) | 0.2 mi | AirbnbVrbo |
Eagles on the Ridge Vacation home | 4 bd · 4 ba · sleeps 10 | $68,227 | $464 | 40% | — | 0.3 mi | Booking |
Chase Mountain Dreams | Family-Friendly Luxury Cabin
| 4 bd · 3 ba · sleeps 10 | $22,890 | $555 | 11% | 5★ (2) | 0.4 mi | AirbnbVrbo |
The Grand Toccoa Retreat | Blue Ridge, Ga Cabin
| 4 bd · 3 ba · sleeps 10 | $55,690 | $439 | 35% | 4.5★ (7) | 0.4 mi | AirbnbVrbo |
Toccoa River Dreams - Direct Riverfront Home - Very Private House
| 4 bd · 3.5 ba · sleeps 12 | $81,556 | $572 | 39% | 5★ (142) | 0.5 mi | Vrbo |
River Lodge | Blue Ridge, Ga Cabin
| 4 bd · 3.5 ba · sleeps 10 | $60,401 | $530 | 31% | 4.8★ (12) | 0.5 mi | AirbnbVrbo |
The River House House
| 4 bd · 3 ba · sleeps 10 | $68,479 | $499 | 38% | 4.9★ (140) | 0.6 mi | AirbnbVrbo |
Knotty Chalet |Toccoa River Views| Lux Furnishings Cabin | 4 bd · 3 ba · sleeps 10 | $14,733 | $1,506 | 3% | 4.9★ (93) | 0.6 mi | Delisted |
Toccoa River Views| Hot Tub | Firepit | Sleeps 10 Cabin
| 4 bd · 3 ba · sleeps 10 | $60,441 | $404 | 41% | 4.7★ (21) | 0.6 mi | AirbnbVrbo |
Rushing River Retreat- HotTub, Game Rm, Luxury! Cabin
| 4 bd · 4 ba · sleeps 10 | $143,902 | $788 | 50% | 4.8★ (18) | 0.6 mi | AirbnbVrbo |
Show 2 more
Upscale Cabin on Toccoa River with gorgeous views!
House · 4 bd · 3.5 ba · sleeps 11 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +6
Revenue $126,338ADR $689Occ ≈ 50%5★ (47)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Upscale Cabin on Toccoa River with gorgeous views! House
| 4 bd · 3.5 ba · sleeps 11 | $126,338 | $689 | 50% | 5★ (47) | 0.6 mi | Airbnb |
Hooked on Toccoa- River Front, Outdoor Fireplace Cabin
| 4 bd · 3 ba · sleeps 10 | $130,714 | $576 | 62% | 5★ (40) | 0.7 mi | 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
Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$59,453
NOI
$28,529
Cash flow /mo
-$1,418
Cash needed
$226,171
Cash-on-cash
-7.5%
ROE (yr 1)
3.3%
Cap rate
4.2%
DSCR
0.63
Year-1 write-off
$167,257
Year-1 tax shield @ 32%
$53,522
Year-1 return on equity
- Cash flow (annual)-$17,012
- Principal paydown$4,135
- Appreciation at%$20,397
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)$11,891
- Platform fees (3% of revenue)$1,784
- Maintenance / capex (5% of revenue)$2,973
- Utilities & supplies$4,200
- HOA$0
- Property tax$2,836
- Insurance (STR-rated)$7,241
Cash needed to close
- Down payment (25%)$169,975
- Closing costs (4.0%)$27,196
- Furnishing (bought new)$29,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$53,522
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
$670,000
Short-life (5/15-yr)
$138,000 · 21%
Year-1 deduction
$167,000
Year-1 tax shield @ 32%
$54,000
Land 1% (county tax record, market value split) · building $533,000 over 39 years · new furniture $29,000
Based on: 2,705 sq ft, built 2000, 4 bd / 3 ba, unfurnished, listing features (deck, game room, fireplace, stone counters, flooring types, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $100,000 in year 1 (10% short-life, $32,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,600
Kitchen cabinetsdefault
$11,700 new × 40% good × 2.47 allocation
- $11,900
Kitchen countertops (stone)listing
$12,000 new × 40% good × 2.47 allocation
- $4,700
Decorative trimdefault
$4,700 new × 40% good × 2.47 allocation
- $400
Mirrorsdefault
$500 new × 40% good × 2.47 allocation
- $1,500
Shelvingdefault
$1,500 new × 40% good × 2.47 allocation
- $6,700
Window coverings (27)default
$6,800 new × 40% good × 2.47 allocation
- $17,200
Carpet, vinyl & laminate (100% of floors)listing
$17,400 new × 40% good × 2.47 allocation
- $10,800
Kitchen & laundry equipment plumbingdefault
$9,100 new × 48% good × 2.47 allocation
- $6,500
Kitchen, laundry & data equipment electricaldefault
$5,500 new × 48% good × 2.47 allocation
- $5,600
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 40% good × 2.47 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $13,300
Paving: driveway & walks (paved)default
$10,800 new × 50% good × 2.47 allocation
- $6,400
Landscaping (minimal)listing
$5,200 new × 50% good × 2.47 allocation
- $3,300
Patiosdefault
$2,700 new × 50% good × 2.47 allocation
- $37,600
Decks & porches (attached)listing
$30,400 new × 50% good × 2.47 allocation
- $411,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$293,600 new × 57% good × 2.47 allocation
- $36,200
Building plumbing & fixturesdefault
$30,500 new × 48% good × 2.47 allocation
- $37,500
Building electrical & lightingdefault
$31,600 new × 48% good × 2.47 allocation
- $30,100
HVACdefault
$30,500 new × 40% good × 2.47 allocation
- $2,600
Fireplacelisting
$2,600 new × 40% good × 2.47 allocation
- $14,800
Septic systemlisting
$12,000 new × 50% good × 2.47 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $106,000 | $60,700 | $600 | $167,300 |
| 2 | $0 | $0 | $13,700 | $13,700 |
| 3 | $0 | $0 | $13,700 | $13,700 |
| 4 | $0 | $0 | $13,700 | $13,700 |
| 5 | $0 | $0 | $13,700 | $13,700 |
| 6+ | $0 | $0 | $477,500 | $477,500 |
| Total | $106,000 | $60,700 | $532,800 | $699,400 |
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.