364 Monocle Dr
Ellijay, GA 30540
$429,000
3 bd · 2 ba · 1,323 sqft · Listed 1d ago
View on Realtor.com →Year built
2003
Sqft
1,323
Lot sqft
32,670
HOA / mo
None
Furnished
Yes
List date
2026-10-14T21:07:36.000000Z
Revenue
Annual revenue
$36,013
ADR
$227
Occupancy
43%
Cleaning fees (12 mo)
$7,619
Confidence
Low (50.55), 29 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $32,994
Wilderness-themed retreat with community amenities, private hot tub, & fireplace
House · 3 bd · 2 ba · sleeps 6 · 486 ft
Revenue $29,875ADR $189Occ ≈ 43%1★ (1)
Delisted
Coosawatee River Resort -Sauna/Hot Tub/Dogs okay!
Cabin · 3 bd · 3 ba · sleeps 8 · 0.3 mi
Revenue $24,187ADR $329Occ ≈ 20%5★ (4)
Delisted
Deer Watch, Fire pit, Hot tub & Billiards, Ellijay
House · 3 bd · 3 ba · sleeps 8 · 0.4 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $30,159ADR $283Occ ≈ 29%5★ (15)
Serenity Now! located in Coosawattee River Resort
Cabin · 3 bd · 2 ba · sleeps 7 · 0.4 mi
Revenue $12,323ADR $280Occ ≈ 12%4.9★ (9)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Bear Hug Lodge Stays House
| 3 bd · 2 ba · sleeps 6 | $11,758 | $257 | 13% | 4★ (13) | 472 ft | AirbnbVrboBooking |
Wilderness-themed retreat with community amenities, private hot tub, & fireplace House | 3 bd · 2 ba · sleeps 6 | $29,875 | $189 | 43% | 1★ (1) | 486 ft | Delisted |
Roost On The Ridge-hot tub, ping pong, sunroom Cabin
| 3 bd · 3 ba · sleeps 6 | $26,554 | $260 | 28% | 4.8★ (15) | 0.2 mi | AirbnbVrboBooking |
Modern Chic Cabin - Blue Ridge-Hot Tub & Game Room Cabin
| 3 bd · 2.5 ba · sleeps 7 | $67,995 | $330 | 56% | 5★ (54) | 0.3 mi | AirbnbBooking |
Coosawatee River Resort -Sauna/Hot Tub/Dogs okay! Cabin | 3 bd · 3 ba · sleeps 8 | $24,187 | $329 | 20% | 5★ (4) | 0.3 mi | Delisted |
Enchanted Deer - Hot Tub, Fire Pit, Pet Friendly Cabin | 3 bd · 3 ba · sleeps 6 | $42,114 | $263 | 44% | 5★ (44) | 0.3 mi | AirbnbBooking |
Deer Watch, Fire pit, Hot tub & Billiards, Ellijay House
| 3 bd · 3 ba · sleeps 8 | $30,159 | $283 | 29% | 5★ (15) | 0.4 mi | Airbnb |
Peaceful Mountain View Cabin Hot tub Game Room Cabin
| 3 bd · 3 ba · sleeps 8 | $51,094 | $314 | 45% | 5★ (153) | 0.4 mi | AirbnbVrbo |
Honey Bear Hideaway - Private. New Hot Tub. Cabin
| 3 bd · 3 ba · sleeps 7 | $23,632 | $185 | 35% | 5★ (13) | 0.4 mi | AirbnbVrbo |
Serenity Now! located in Coosawattee River Resort Cabin | 3 bd · 2 ba · sleeps 7 | $12,323 | $280 | 12% | 4.9★ (9) | 0.4 mi | Airbnb |
Show 15 more
Cozy Mountain Retreat at Coosawatte River Resort
Camper/RV · 3 bd · 1 ba · sleeps 7 · 0.4 mi
Revenue $13,202ADR $144Occ ≈ 25%5★ (15)
Delisted
3 br Family friendly cabin
Cabin · 3 bd · 2 ba · sleeps 8 · 0.4 mi
Revenue $9,077ADR $229Occ ≈ 11%4.6★ (23)
Cabin Oasis In The Mountains
Cabin · 3 bd · 2 ba · sleeps 6 · 0.5 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $7,638ADR $154Occ ≈ 14%4.8★ (147)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Cozy Mountain Retreat at Coosawatte River Resort Camper/RV | 3 bd · 1 ba · sleeps 7 | $13,202 | $144 | 25% | 5★ (15) | 0.4 mi | Delisted |
Legends Hideaway-Hot tub, game room, fireplace&Pit Cabin
| 3 bd · 2.5 ba · sleeps 10 | $32,994 | $317 | 29% | 5★ (22) | 0.4 mi | AirbnbVrbo |
Spacious Cabin • Hot Tub, Fire Pit, Dogs OK Cabin
| 3 bd · 2 ba · sleeps 10 | $41,941 | $406 | 28% | 4.9★ (39) | 0.4 mi | AirbnbVrbo |
3 br Family friendly cabin Cabin | 3 bd · 2 ba · sleeps 8 | $9,077 | $229 | 11% | 4.6★ (23) | 0.4 mi | Airbnb |
Pet-Friendly Ellijay Cabin in the Woods on 1 Acre! Cabin
| 3 bd · 2 ba · sleeps 6 | $16,177 | $145 | 31% | 3.6★ (9) | 0.5 mi | AirbnbVrboBooking |
Family Friendly, Fire Pits, Grill, Pool Access Cabin
| 3 bd · 2 ba · sleeps 6 | $41,002 | $166 | 68% | 5★ (114) | 0.5 mi | AirbnbVrbo |
Deer Haven Bungalow- Pet friendly, hot tub Cabin | 3 bd · 3 ba · sleeps 6 | $44,296 | $247 | 49% | 4.8★ (14) | 0.5 mi | AirbnbBooking |
Francis Oaks | Luxury Cabin in Coosawattee Cabin
| 3 bd · 3 ba · sleeps 6 | $47,698 | $344 | 38% | 5★ (1) | 0.5 mi | AirbnbVrbo |
Whispering Pines- Private, full-fenced yard, HT Cabin
| 3 bd · 3 ba · sleeps 6 | $40,645 | $257 | 43% | 4.2★ (4) | 0.5 mi | AirbnbVrbo |
Rainbow Lodge-Riverfront, Fiber, HotTub, Dog, Fish Cabin
| 3 bd · 3 ba · sleeps 8 | $67,028 | $368 | 50% | 5★ (305) | 0.5 mi | AirbnbVrbo |
Cabin Oasis In The Mountains Cabin
| 3 bd · 2 ba · sleeps 6 | $7,638 | $154 | 14% | 4.8★ (147) | 0.5 mi | Airbnb |
Pet-Friendly escape in Ellijay! Private Hot Tub! Cabin
| 3 bd · 3 ba · sleeps 6 | $45,538 | $323 | 39% | 4.5★ (16) | 0.6 mi | AirbnbVrboBooking |
Fun Octagon Cabin on Double Lot! Hot Tub, Firepit! Cabin
| 3 bd · 2 ba · sleeps 8 | $50,748 | $257 | 54% | 5★ (116) | 0.6 mi | AirbnbVrbo |
Above the Current Cabin
| 3 bd · 2 ba · sleeps 8 | $17,938 | $295 | 17% | 5★ (9) | 0.6 mi | AirbnbVrbo |
River Cabin: Dog-Friendly, Hot Tub + Game Room Cabin
| 3 bd · 2.5 ba · sleeps 8 | $44,531 | $296 | 41% | 5★ (27) | 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
$36,013
NOI
$15,140
Cash flow /mo
-$1,133
Cash needed
$124,410
Cash-on-cash
-10.9%
ROE (yr 1)
1.5%
Cap rate
3.5%
DSCR
0.53
Year-1 write-off
$88,900
Year-1 tax shield @ 32%
$28,448
Year-1 return on equity
- Cash flow (annual)-$13,595
- Principal paydown$2,609
- Appreciation at%$12,870
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)$7,203
- Platform fees (3% of revenue)$1,080
- Maintenance / capex (5% of revenue)$1,801
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,956
- Insurance (STR-rated)$4,633
Cash needed to close
- Down payment (25%)$107,250
- Closing costs (4.0%)$17,160
- Furnishing (conveyed with the sale)$0
Tax savings if the STR loophole applies
- Tax shield @ 32%$28,448
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
$417,000
Short-life (5/15-yr)
$89,000 · 21%
Year-1 deduction
$89,000
Year-1 tax shield @ 32%
$28,000
Land 3% (county tax record, market value split) · building $329,000 over 39 years
Based on: 1,323 sq ft, built 2003, 3 bd / 2 ba, furnished, listing features (fence, fireplace, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $66,000 in year 1 (16% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,500
Kitchen cabinetsdefault
$8,700 new × 40% good × 2.74 allocation
- $7,800
Kitchen countertopsdefault
$7,100 new × 40% good × 2.74 allocation
- $2,500
Decorative trimdefault
$2,300 new × 40% good × 2.74 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.74 allocation
- $1,300
Shelvingdefault
$1,200 new × 40% good × 2.74 allocation
- $3,600
Window coverings (13)default
$3,300 new × 40% good × 2.74 allocation
- $10,000
Kitchen & laundry equipment plumbingdefault
$6,800 new × 54% good × 2.74 allocation
- $6,000
Kitchen, laundry & data equipment electricaldefault
$4,100 new × 54% good × 2.74 allocation
- $7,700
Appliances (range, dishwasher, refrigerator, washer, dryer)listing
$7,000 new × 40% good × 2.74 allocation
- $7,800
Furniture conveyed with the sale (used)listing
$19,500 new × 40% good · out of the price
- $10,300
Paving: driveway & walks (paved)default
$7,500 new × 50% good × 2.74 allocation
- $9,900
Landscaping (typical)default
$7,300 new × 50% good × 2.74 allocation
- $1,800
Patiosdefault
$1,300 new × 50% good × 2.74 allocation
- $1,800
Decks & porches (attached)default
$1,300 new × 50% good × 2.74 allocation
- $8,200
Fencinglisting
$6,000 new × 50% good × 2.74 allocation
- $241,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$143,100 new × 62% good × 2.74 allocation
- $21,900
Building plumbing & fixturesdefault
$14,800 new × 54% good × 2.74 allocation
- $20,700
Building electrical & lightingdefault
$14,000 new × 54% good × 2.74 allocation
- $16,300
HVACdefault
$14,900 new × 40% good × 2.74 allocation
- $9,300
Hardwood & tile floorsdefault
$8,500 new × 40% good × 2.74 allocation
- $2,900
Fireplacelisting
$2,600 new × 40% good × 2.74 allocation
- $16,400
Septic systemlisting
$12,000 new × 50% good × 2.74 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $56,500 | $32,000 | $400 | $88,900 |
| 2 | $0 | $0 | $8,400 | $8,400 |
| 3 | $0 | $0 | $8,400 | $8,400 |
| 4 | $0 | $0 | $8,400 | $8,400 |
| 5 | $0 | $0 | $8,400 | $8,400 |
| 6+ | $0 | $0 | $294,800 | $294,800 |
| Total | $56,500 | $32,000 | $328,900 | $417,400 |
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.