367 E Second St

Blue Ridge, GA 30513

$275,000

2 bd · 1 ba · Listed 30d ago

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Rental history

Year built

1990

Sqft

—

Lot sqft

20,909

HOA / mo

Furnished

List date

2026-08-28T07:02:33.000000Z

Revenue

Annual revenue

$54,696

ADR

$269

Occupancy

56%

Cleaning fees (12 mo)

$10,462

Confidence

Med (53.83), 23 comps

Comp revenue range (p25 / median / p75)

$34,333$54,230$61,700

Downtown Digs - pet friendly 2/2 in downtown BR
House · 2 bd · 2 ba · sleeps 4 · 0.2 mi
Revenue $37,679ADR $262Occ ≈ 39%5★ (29)
Airbnb
Martini Mountain Downtown Loft
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.2 mi
Revenue $12,917ADR $269Occ ≈ 13%5★ (8)
Airbnb
Beautiful Condo in Downtown Blue Ridge!
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.2 mi
Revenue $58,751ADR $258Occ ≈ 62%5★ (349)
Airbnb Vrbo
Lovely Brick Cottage in Downtown Blue Ridge
Vacation home · 2 bd · 1 ba · sleeps 4 · 0.2 mi
Revenue $41,314ADR $236Occ ≈ 48%5★ (186)
Airbnb Vrbo
Perch 3- DT Blue Ridge Condo, King Beds, Balcony
Condominium (condo) · 2 bd · 2 ba · sleeps 5 · 0.3 mi
Revenue $56,644ADR $370Occ ≈ 42%4.7★ (32)
Airbnb Vrbo Booking
DTBR - Summer Fun! Two King Beds, Dine, Shop!
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $69,032ADR $266Occ ≈ 71%5★ (372)
Airbnb
Runner's Roost|Hot Tub|Pool Table|Dogs Welcome
Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $55,609ADR $242Occ ≈ 63%5★ (217)
Airbnb Vrbo Booking
Martini Mountain Downtown Loft
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $11,915ADR $363Occ ≈ 9%5★ (1)
Vrbo
SHOP, DINE, UNWIND…All from a Downtown Penthouse!
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $41,915ADR $336Occ ≈ 34%5★ (88)
Vrbo
Heart of Downtown| Lux Condo| Walk to Everything |
Apartment · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $65,967ADR $295Occ ≈ 61%5★ (177)
Airbnb Vrbo Booking

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Downtown Digs - pet friendly 2/2 in downtown BR House	2 bd · 2 ba · sleeps 4	$37,679	$262	39%	5★ (29)	0.2 mi	Airbnb
Martini Mountain Downtown Loft Condominium (condo)	2 bd · 2 ba · sleeps 4	$12,917	$269	13%	5★ (8)	0.2 mi	Airbnb
Beautiful Condo in Downtown Blue Ridge! Condominium (condo)	2 bd · 2 ba · sleeps 4	$58,751	$258	62%	5★ (349)	0.2 mi	Airbnb Vrbo
Lovely Brick Cottage in Downtown Blue Ridge Vacation home	2 bd · 1 ba · sleeps 4	$41,314	$236	48%	5★ (186)	0.2 mi	Airbnb Vrbo
Perch 3- DT Blue Ridge Condo, King Beds, Balcony Condominium (condo)	2 bd · 2 ba · sleeps 5	$56,644	$370	42%	4.7★ (32)	0.3 mi	Airbnb Vrbo Booking
DTBR - Summer Fun! Two King Beds, Dine, Shop! Condominium (condo)	2 bd · 2 ba · sleeps 4	$69,032	$266	71%	5★ (372)	0.3 mi	Airbnb
Runner's Roost\|Hot Tub\|Pool Table\|Dogs Welcome Cabin	2 bd · 2 ba · sleeps 6	$55,609	$242	63%	5★ (217)	0.3 mi	Airbnb Vrbo Booking
Martini Mountain Downtown Loft Condominium (condo)	2 bd · 2 ba · sleeps 4	$11,915	$363	9%	5★ (1)	0.3 mi	Vrbo
SHOP, DINE, UNWIND…All from a Downtown Penthouse! Condominium (condo)	2 bd · 2 ba · sleeps 4	$41,915	$336	34%	5★ (88)	0.3 mi	Vrbo
Heart of Downtown\| Lux Condo\| Walk to Everything \| Apartment	2 bd · 2 ba · sleeps 4	$65,967	$295	61%	5★ (177)	0.3 mi	Airbnb Vrbo Booking

Show all 23 comps

Top floor condo overlooking historic Downtown Blue Ridge!
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $53,522ADR $349Occ ≈ 42%5★ (158)
Vrbo
Walk to Shops | Luxury cottage | Firepit & Bikes
House · 2 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $60,407ADR $232Occ ≈ 71%4.9★ (283)
Airbnb Vrbo
Middle of Main Street LOFT Downtown Blue Ridge
Cottage · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $30,543ADR $238Occ ≈ 35%5★ (38)
Airbnb Vrbo
Perch 2- DT Blue Ridge, Walk 2 Shops & Restaurants
Condominium (condo) · 2 bd · 2 ba · sleeps 5 · 0.3 mi
Revenue $62,330ADR $370Occ ≈ 46%4.8★ (30)
Airbnb Vrbo Booking
Luxe Loft in DT BlueRidge Near Shops w/ EV Charger
Loft · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $77,660ADR $370Occ ≈ 58%5★ (253)
Airbnb Vrbo Booking
Postcard Perfect Downtown- Walk 2 Shops & Dining!
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $54,230ADR $308Occ ≈ 48%4.9★ (20)
Airbnb Vrbo Booking
Charming 2BR Cottage in Downtown Blue Ridge
Cottage · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $32,942ADR $250Occ ≈ 36%5★ (152)
Airbnb Vrbo
Modern Rustic Loft Suite in Downtown Blue Ridge
Loft · 2 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $61,069ADR $215Occ ≈ 78%5★ (245)
Airbnb Vrbo Booking
Walk to Downtown Blue Ridge | Dog OK + Bungalow
Tiny house · 2 bd · 1 ba · sleeps 4 · 0.5 mi
Revenue $65,350ADR $269Occ ≈ 67%5★ (314)
Airbnb Vrbo Booking
Treehouse Sauna + Hot Tub | Mountain Views
House · 2 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $81,457ADR $303Occ ≈ 74%5★ (106)
Airbnb
Blue Owl Cottage
Guest house · 2 bd · 1 ba · sleeps 6 · 0.7 mi
Revenue $532ADR $266Occ ≈ 1%5★ (1)
Airbnb
Luxury Cabin in Blue Ridge | Sauna, Hot Tub, Gym
Cabin · 2 bd · 2 ba · sleeps 5 · 0.7 mi
Revenue $35,724ADR $287Occ ≈ 34%5★ (29)
Airbnb Vrbo
Mountaintop Blue Ridge Cabin: 2 Mi to Downtown
Cabin · 2 bd · 2 ba · sleeps 4 · 0.7 mi
Revenue $18,089ADR $246Occ ≈ 20%4.8★ (17)
Airbnb Vrbo Booking

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Top floor condo overlooking historic Downtown Blue Ridge! Condominium (condo)	2 bd · 2 ba · sleeps 4	$53,522	$349	42%	5★ (158)	0.3 mi	Vrbo
Walk to Shops \| Luxury cottage \| Firepit & Bikes House	2 bd · 1 ba · sleeps 4	$60,407	$232	71%	4.9★ (283)	0.3 mi	Airbnb Vrbo
Middle of Main Street LOFT Downtown Blue Ridge Cottage	2 bd · 2 ba · sleeps 4	$30,543	$238	35%	5★ (38)	0.3 mi	Airbnb Vrbo
Perch 2- DT Blue Ridge, Walk 2 Shops & Restaurants Condominium (condo)	2 bd · 2 ba · sleeps 5	$62,330	$370	46%	4.8★ (30)	0.3 mi	Airbnb Vrbo Booking
Luxe Loft in DT BlueRidge Near Shops w/ EV Charger Loft	2 bd · 2 ba · sleeps 4	$77,660	$370	58%	5★ (253)	0.3 mi	Airbnb Vrbo Booking
Postcard Perfect Downtown- Walk 2 Shops & Dining! Condominium (condo)	2 bd · 2 ba · sleeps 4	$54,230	$308	48%	4.9★ (20)	0.3 mi	Airbnb Vrbo Booking
Charming 2BR Cottage in Downtown Blue Ridge Cottage	2 bd · 2 ba · sleeps 4	$32,942	$250	36%	5★ (152)	0.3 mi	Airbnb Vrbo
Modern Rustic Loft Suite in Downtown Blue Ridge Loft	2 bd · 2 ba · sleeps 6	$61,069	$215	78%	5★ (245)	0.4 mi	Airbnb Vrbo Booking
Walk to Downtown Blue Ridge \| Dog OK + Bungalow Tiny house	2 bd · 1 ba · sleeps 4	$65,350	$269	67%	5★ (314)	0.5 mi	Airbnb Vrbo Booking
Treehouse Sauna + Hot Tub \| Mountain Views House	2 bd · 2 ba · sleeps 6	$81,457	$303	74%	5★ (106)	0.5 mi	Airbnb
Blue Owl Cottage Guest house	2 bd · 1 ba · sleeps 6	$532	$266	1%	5★ (1)	0.7 mi	Airbnb
Luxury Cabin in Blue Ridge \| Sauna, Hot Tub, Gym Cabin	2 bd · 2 ba · sleeps 5	$35,724	$287	34%	5★ (29)	0.7 mi	Airbnb Vrbo
Mountaintop Blue Ridge Cabin: 2 Mi to Downtown Cabin	2 bd · 2 ba · sleeps 4	$18,089	$246	20%	4.8★ (17)	0.7 mi	Airbnb Vrbo 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

Purchase priceAlready furnishedTax bracket

Est. revenue

$54,696

NOI

$31,327

Cash flow /mo

$2,611

Cash needed

$302,000

Cash-on-cash (all cash)

10.4%

ROE (yr 1)

13.1%

Cap rate

11.4%

DSCR

—

Year-1 write-off

$56,016

Year-1 tax shield @ 32%

$17,925

Year-1 return on equity

Cash flow (annual)$31,327
Principal paydown (n/a, cash)$0
Appreciation at%$8,250

ROE13.1%

ROE incl. year-1 tax savings (32% bracket, STR loophole)19.0%

Opex, cash-needed & tax-savings breakdown

Annual operating expenses

Management (20% of revenue)$10,939
Platform fees (3% of revenue)$1,641
Maintenance / capex (5% of revenue)$2,735
Utilities & supplies$4,200
HOA$0
Property tax$925
Insurance (STR-rated)$2,929

Cash needed to close

Purchase price (all cash)$275,000
Closing costs (4.0%)$11,000
Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

Tax shield @ 32%$17,925

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

$146,000

Short-life (5/15-yr)

$39,000 · 27%

Year-1 deduction

$56,000

Year-1 tax shield @ 32%

$18,000

Land 47% (county tax record, market value split) · building $106,000 over 39 years · new furniture $16,000

Based on: ~1,400 sq ft (from beds), built 1990, 2 bd / 1 ba, unfurnished, listing features (flooring types).

IRS-guide safe-harbor floor: $45,000 in year 1 (19% short-life, $14,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$43,400

Kitchen cabinetsdefault
$8,900 new × 40% good × 1.34 allocation
$4,700
Kitchen countertopsdefault
$7,300 new × 40% good × 1.34 allocation
$3,900
Decorative trimdefault
$2,500 new × 40% good × 1.34 allocation
$1,300
Mirrorsdefault
$200 new × 40% good × 1.34 allocation
$100
Shelvingdefault
$900 new × 40% good × 1.34 allocation
$500
Window coverings (14)default
$3,500 new × 40% good × 1.34 allocation
$1,900
Carpet, vinyl & laminate (100% of floors)listing
$9,000 new × 40% good × 1.34 allocation
$4,800
Kitchen & laundry equipment plumbingdefault
$6,900 new × 40% good × 1.34 allocation
$3,700
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 40% good × 1.34 allocation
$2,200
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.34 allocation
$4,300
Furniture bought newlisting
$16,000 new × 100% good · bought separately
$16,000

15-year land improvements$12,000

Paving: driveway & walks (paved)default
$7,800 new × 50% good × 1.34 allocation
$5,200
Landscaping (typical)default
$7,500 new × 50% good × 1.34 allocation
$5,000
Patiosdefault
$1,400 new × 50% good × 1.34 allocation
$900
Decks & porches (attached)default
$1,400 new × 50% good × 1.34 allocation
$900

Building, 39-year$106,100

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$151,900 new × 40% good × 1.34 allocation
$81,200
Building plumbing & fixturesdefault
$15,700 new × 40% good × 1.34 allocation
$8,400
Building electrical & lightingdefault
$15,000 new × 40% good × 1.34 allocation
$8,000
HVACdefault
$15,800 new × 40% good × 1.34 allocation
$8,400

About the property

Sold furnishedGame roomHot tubPoolDeckDrivewayLandscapingFencedIrrigationLong-term rental (27.5-yr)Carpet / vinyl / laminate %Placed in serviceClosing costs $ (adds to basis)Land %Bonus depreciation %

Depreciation schedule: typical cost seg study

Year	5-yr	15-yr	Building	Total
1	$43,400	$12,000	$600	$56,000
2	$0	$0	$2,700	$2,700
3	$0	$0	$2,700	$2,700
4	$0	$0	$2,700	$2,700
5	$0	$0	$2,700	$2,700
6+	$0	$0	$94,600	$94,600
Total	$43,400	$12,000	$106,100	$161,500

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.