346 Logan Dr
Mineral Bluff, GA 30559
$899,950
4 bd · 3 ba · 3,542 sqft · Listed 6d ago
View on Realtor.com →Year built
2012
Sqft
3,542
Lot sqft
78,844
HOA / mo
$42
Furnished
No
List date
2026-11-06T21:32:24.000000Z
Revenue
Annual revenue
$48,320
ADR
$359
Occupancy
37%
Cleaning fees (12 mo)
$8,400
Confidence
Low (28.41), 12 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $41,426
Cardinal Lodge
Vacation home · 4 bd · 3 ba · sleeps 10 · 121 ft
Revenue $48,835ADR $456Occ ≈ 29%—
Amenity-Rich 2-Acre Retreat, Hot Tub, Sauna, Games
Cabin · 4 bd · 3.5 ba · sleeps 10 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $7,059ADR $499Occ ≈ 4%5★ (1)
Cozy Upscale Blue Ridge Cabin, Hot Tub, Sauna, Game Room, Fire Pits, Sleeps 10
Cabin · 4 bd · 3.5 ba · sleeps 10 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $2,149ADR $637Occ ≈ 1%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Cardinal Lodge Vacation home | 4 bd · 3 ba · sleeps 10 | $48,835 | $456 | 29% | — | 121 ft | Booking |
Cardinal Lodge - Elevated Luxury, Minutes From Fun Cabin
| 4 bd · 3 ba · sleeps 10 | $50,804 | $495 | 28% | 4.4★ (5) | 292 ft | AirbnbVrbo |
Mountain views|Playground|Near River|Pets welcome! Cabin
| 4 bd · 3 ba · sleeps 11 | $43,550 | $272 | 44% | 4.6★ (83) | 417 ft | AirbnbVrboBooking |
Hooked on a Feeling- Hot Tub, Fireplace, Pet! House
| 4 bd · 3 ba · sleeps 10 | $39,302 | $428 | 25% | 4.9★ (12) | 0.2 mi | AirbnbVrboBooking |
Deer Crosing Luxury Blue Ridge Cabin Cabin
| 4 bd · 4 ba · sleeps 10 | $75,246 | $621 | 33% | 5★ (1) | 0.3 mi | AirbnbVrbo |
Deer Crossing: view-hot tub-game & theater rooms Cabin
| 4 bd · 4 ba · sleeps 10 | $5,144 | $323 | 4% | 5★ (2) | 0.3 mi | AirbnbVrbo |
Amenity-Rich 2-Acre Retreat, Hot Tub, Sauna, Games Cabin
| 4 bd · 3.5 ba · sleeps 10 | $7,059 | $499 | 4% | 5★ (1) | 0.6 mi | Airbnb |
Cozy Upscale Blue Ridge Cabin, Hot Tub, Sauna, Game Room, Fire Pits, Sleeps 10 Cabin
| 4 bd · 3.5 ba · sleeps 10 | $2,149 | $637 | 1% | — | 0.6 mi | Vrbo |
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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$48,320
NOI
$18,095
Cash flow /mo
-$3,412
Cash needed
$289,986
Cash-on-cash
-14.1%
ROE (yr 1)
-2.8%
Cap rate
2.0%
DSCR
0.31
Year-1 write-off
$176,562
Year-1 tax shield @ 32%
$56,500
Year-1 return on equity
- Cash flow (annual)-$40,942
- Principal paydown$5,717
- Appreciation at%$26,999
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)$9,664
- Platform fees (3% of revenue)$1,450
- Maintenance / capex (5% of revenue)$2,416
- Utilities & supplies$4,200
- HOA$504
- Property tax$2,407
- Insurance (STR-rated)$9,584
Cash needed to close
- Down payment (25%)$224,988
- Closing costs (4.0%)$35,998
- Furnishing (bought new)$29,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$56,500
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
$845,000
Short-life (5/15-yr)
$147,000 · 17%
Year-1 deduction
$177,000
Year-1 tax shield @ 32%
$56,000
Land 6% (county tax record, market value split) · building $699,000 over 39 years · new furniture $29,000
Based on: 3,542 sq ft, built 2012, 4 bd / 3 ba, unfurnished, listing features (hot tub, deck, patio, game room, fireplace, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $114,000 in year 1 (10% short-life, $37,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $10,900
Kitchen cabinetsdefault
$13,600 new × 44% good × 1.82 allocation
- $8,900
Kitchen countertopsdefault
$11,100 new × 44% good × 1.82 allocation
- $5,000
Decorative trimdefault
$6,200 new × 44% good × 1.82 allocation
- $300
Mirrorsdefault
$500 new × 40% good × 1.82 allocation
- $1,200
Shelvingdefault
$1,500 new × 44% good × 1.82 allocation
- $6,400
Window coverings (35)default
$8,800 new × 40% good × 1.82 allocation
- $8,300
Carpet, vinyl & laminate (50% of floors)listing
$11,400 new × 40% good × 1.82 allocation
- $13,800
Kitchen & laundry equipment plumbingdefault
$10,600 new × 72% good × 1.82 allocation
- $8,400
Kitchen, laundry & data equipment electricaldefault
$6,400 new × 72% good × 1.82 allocation
- $4,300
Appliances (microwave, dishwasher, refrigerator, washer, dryer)listing
$5,900 new × 40% good × 1.82 allocation
- $6,600
Hot tub (freestanding)listing
$9,000 new × 40% good × 1.82 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
- $11,200
Paving: driveway & walks (paved)default
$12,300 new × 50% good × 1.82 allocation
- $10,800
Landscaping (typical)default
$11,900 new × 50% good × 1.82 allocation
- $14,500
Patioslisting
$15,900 new × 50% good × 1.82 allocation
- $36,300
Decks & porches (attached)listing
$39,800 new × 50% good × 1.82 allocation
- $537,600
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$385,100 new × 77% good × 1.82 allocation
- $52,400
Building plumbing & fixturesdefault
$40,000 new × 72% good × 1.82 allocation
- $55,300
Building electrical & lightingdefault
$42,200 new × 72% good × 1.82 allocation
- $29,100
HVACdefault
$39,900 new × 40% good × 1.82 allocation
- $9,100
Hardwood & tile floorsdefault
$11,400 new × 44% good × 1.82 allocation
- $4,200
Fireplaces (2)listing
$5,300 new × 44% good × 1.82 allocation
- $10,900
Septic systemlisting
$12,000 new × 50% good × 1.82 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $103,000 | $72,800 | $700 | $176,600 |
| 2 | $0 | $0 | $17,900 | $17,900 |
| 3 | $0 | $0 | $17,900 | $17,900 |
| 4 | $0 | $0 | $17,900 | $17,900 |
| 5 | $0 | $0 | $17,900 | $17,900 |
| 6+ | $0 | $0 | $626,200 | $626,200 |
| Total | $103,000 | $72,800 | $698,600 | $874,400 |
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.