529 Newel Dr
Ellijay, GA 30541
$375,000
3 bd · 3 ba · 2,192 sqft · Listed 25d ago
View on Realtor.com →Year built
2006
Sqft
2,192
Lot sqft
27,007
HOA / mo
None
Furnished
No
List date
2026-09-02T12:48:42.000000Z
Revenue
Annual revenue
$36,701
ADR
$210
Occupancy
48%
Cleaning fees (12 mo)
$6,760
Confidence
Low (40.61), 27 comps
Comp revenue range (p25 / median / p75)
Chicken Coop | No Pet Fees | Sleeps 6 | large fenced yard| Paved Roads
Cabin · 3 bd · 3 ba · sleeps 6 · 0.1 mi
Revenue $68,825ADR $311Occ ≈ 61%5★ (17)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
2025 BUILT*Family Friendly*Game Rm*Fire Pit*5 TV's House | 3 bd · 2.5 ba · sleeps 8 | $27,879 | $237 | 32% | 5★ (7) | 0.1 mi | AirbnbVrbo |
Chicken Coop | No Pet Fees | Sleeps 6 | large fenced yard| Paved Roads Cabin | 3 bd · 3 ba · sleeps 6 | $68,825 | $311 | 61% | 5★ (17) | 0.1 mi | Vrbo |
Peaceful, screened porch, hot tub, firepit, grill Cabin | 3 bd · 3 ba · sleeps 6 | $47,408 | $192 | 68% | 5★ (52) | 0.2 mi | AirbnbVrbo |
5-Star,Gated River Resort,Dog friendly, Hot Tub! Cabin | 3 bd · 3 ba · sleeps 10 | $65,025 | $296 | 60% | 5★ (81) | 0.2 mi | AirbnbVrbo |
Cozy Mountain Cabin hot tub, fire pit, hiking House | 3 bd · 2 ba · sleeps 6 | $30,865 | $238 | 36% | 4.8★ (63) | 0.2 mi | AirbnbVrboBooking |
New Listing-Community Amenities-Prime Location House | 3 bd · 3 ba · sleeps 6 | $7,506 | $163 | 13% | 5★ (1) | 0.2 mi | AirbnbVrbo |
Hot Tub & Movie Room: Updated Cabin in Ellijay! Cabin | 3 bd · 3 ba · sleeps 9 | $31,494 | $239 | 36% | 5★ (32) | 0.3 mi | AirbnbVrboBooking |
Dolche Vita Chalet A great place to stay. Cabin | 3 bd · 3 ba · sleeps 8 | $1,154 | $577 | 1% | 5★ (11) | 0.3 mi | AirbnbVrbo |
Rustic Cabin Escape in Gilmer County House | 3 bd · 2.5 ba · sleeps 8 | $10,299 | $344 | 8% | — | 0.3 mi | AirbnbVrbo |
Wandering Bear's Den House | 3 bd · 2 ba · sleeps 6 | $13,878 | $184 | 21% | 4.3★ (29) | 0.3 mi | AirbnbVrbo |
Show all 27 comps
Mountain cabin with WiFi, fireplace, shared pools, game room, tennis, & gym
Cabin · 3 bd · 3 ba · sleeps 10 · 0.3 mi
Revenue $27,211ADR $159Occ ≈ 47%4.6★ (10)
Unique mountain getaway! Hot tub, game room, year round community pool!
House · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $10,226ADR $224Occ ≈ 13%4.9★ (20)
Welcome to Whiskey Woods *Hot Tub* *Resort Pools*
Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.4 mi
Revenue $36,249ADR $266Occ ≈ 37%4.8★ (14)
Four Winds Lodge & Hot Tub and Community Pool
Cabin · 3 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $9,660ADR $153Occ ≈ 17%4.9★ (213)
It's Time to Unwind
Cabin · 3 bd · 3.5 ba · sleeps 15 · 0.5 mi
Revenue $55,590ADR $357Occ ≈ 43%5★ (126)
Ellijay Cardinal Cabin Retreat in River Resort + Full Amenities & Nature Access
House · 3 bd · 3 ba · sleeps 8 · 0.6 mi
Revenue $36,274ADR $223Occ ≈ 45%5★ (1)
Mountain Resort Cabin, Private, screened porch overlooking wide peaceful creek.
Cabin · 3 bd · 2 ba · sleeps 8 · 0.7 mi
Revenue $15,738ADR $245Occ ≈ 18%5★ (247)
North Georgia Mountain Cabin
Cabin · 3 bd · 3 ba · sleeps 6 · 0.7 mi
Revenue $31,039ADR $297Occ ≈ 29%5★ (7)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Fall Cabin: Hot Tub | Fire Pit | Hikes | Wineries Cabin | 3 bd · 2.5 ba · sleeps 8 | $32,912 | $253 | 36% | 5★ (42) | 0.3 mi | AirbnbVrboBooking |
Mountain cabin with WiFi, fireplace, shared pools, game room, tennis, & gym Cabin | 3 bd · 3 ba · sleeps 10 | $27,211 | $159 | 47% | 4.6★ (10) | 0.3 mi | Vrbo |
Unique mountain getaway! Hot tub, game room, year round community pool! House | 3 bd · 2 ba · sleeps 6 | $10,226 | $224 | 13% | 4.9★ (20) | 0.3 mi | Vrbo |
Welcome to Whiskey Woods *Hot Tub* *Resort Pools* Cabin | 3 bd · 3.5 ba · sleeps 10 | $36,249 | $266 | 37% | 4.8★ (14) | 0.4 mi | Airbnb |
Fully Fenced Backyard for Pets/ Outdoor Pools Cabin | 3 bd · 3 ba · sleeps 8 | $59,713 | $262 | 62% | 4.9★ (49) | 0.4 mi | AirbnbVrbo |
Four Winds Lodge & Hot Tub and Community Pool Cabin | 3 bd · 2 ba · sleeps 6 | $9,660 | $153 | 17% | 4.9★ (213) | 0.4 mi | Airbnb |
Ellijay Harmony Lodge • Live Music Room • Sleeps 8 House | 3 bd · 3 ba · sleeps 8 | $44,181 | $195 | 62% | 5★ (6) | 0.4 mi | AirbnbVrboBooking |
Ledger Creek Cabin Cabin | 3 bd · 3 ba · sleeps 8 | $25,513 | $205 | 34% | 4.9★ (34) | 0.4 mi | AirbnbVrboBooking |
Trapper View Lodge | Lush Cabin Cabin | 3 bd · 3 ba · sleeps 6 | $40,180 | $296 | 37% | 4.8★ (48) | 0.4 mi | AirbnbVrbo |
2 Kings-Dog Friendly-Hot Cocoa-Walk to Rec Center! Cabin | 3 bd · 2 ba · sleeps 6 | $25,135 | $232 | 30% | 5★ (10) | 0.5 mi | AirbnbVrbo |
Walking distance to Pool & Rec Cntr! Apple Country Cabin | 3 bd · 2 ba · sleeps 6 | $31,753 | $143 | 61% | 5★ (60) | 0.5 mi | AirbnbVrbo |
It's Time to Unwind Cabin | 3 bd · 3.5 ba · sleeps 15 | $55,590 | $357 | 43% | 5★ (126) | 0.5 mi | Airbnb |
Ellijay Cardinal Cabin Retreat in River Resort + Full Amenities & Nature Access House | 3 bd · 3 ba · sleeps 8 | $36,274 | $223 | 45% | 5★ (1) | 0.6 mi | Vrbo |
Majestic Treehouse Hot Tub Modern Luxury Cabin | 3 bd · 3.5 ba · sleeps 6 | $75,702 | $477 | 43% | 4.8★ (13) | 0.7 mi | AirbnbBooking |
Mountain Resort Cabin, Private, screened porch overlooking wide peaceful creek. Cabin | 3 bd · 2 ba · sleeps 8 | $15,738 | $245 | 18% | 5★ (247) | 0.7 mi | Vrbo |
North Georgia Mountain Cabin Cabin | 3 bd · 3 ba · sleeps 6 | $31,039 | $297 | 29% | 5★ (7) | 0.7 mi | Airbnb |
Copper Fox Ridge | Minutes to Carter’s Lake House | 3 bd · 3 ba · sleeps 6 | $26,022 | $259 | 28% | 5★ (21) | 0.7 mi | AirbnbVrbo |
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 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$36,701
NOI
$15,873
Cash flow /mo
-$698
Cash needed
$128,250
Cash-on-cash
-6.5%
ROE (yr 1)
4.2%
Cap rate
4.2%
DSCR
0.65
Year-1 write-off
$90,321
Year-1 tax shield @ 32%
$28,903
Year-1 return on equity
- Cash flow (annual)-$8,376
- Principal paydown$2,454
- Appreciation at%$11,250
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$7,340
- Platform fees (3% of revenue)$1,101
- Maintenance / capex (5% of revenue)$1,835
- Utilities & supplies$4,200
- HOA$0
- Property tax$2,302
- Insurance (STR-rated)$4,050
Cash needed to close
- Down payment (25%)$93,750
- Closing costs (4.0%)$15,000
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$28,903
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
$367,000
Short-life (5/15-yr)
$70,000 · 19%
Year-1 deduction
$90,000
Year-1 tax shield @ 32%
$29,000
Land 2% (county tax record, market value split) · building $297,000 over 39 years · new furniture $20,000
Based on: 2,192 sq ft, built 2006, 3 bd / 3 ba, unfurnished, listing features (deck, fireplace, flooring types, appliance list, septic).
IRS-guide safe-harbor floor: $59,000 in year 1 (10% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,000
Kitchen cabinetsdefault
$10,600 new × 40% good × 1.42 allocation
- $4,900
Kitchen countertopsdefault
$8,700 new × 40% good × 1.42 allocation
- $2,200
Decorative trimdefault
$3,800 new × 40% good × 1.42 allocation
- $300
Mirrorsdefault
$500 new × 40% good × 1.42 allocation
- $700
Shelvingdefault
$1,200 new × 40% good × 1.42 allocation
- $3,100
Window coverings (22)default
$5,500 new × 40% good × 1.42 allocation
- $2,700
Carpet, vinyl & laminate (33% of floors)listing
$4,700 new × 40% good × 1.42 allocation
- $7,000
Kitchen & laundry equipment plumbingdefault
$8,300 new × 60% good × 1.42 allocation
- $4,300
Kitchen, laundry & data equipment electricaldefault
$5,000 new × 60% good × 1.42 allocation
- $4,400
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 1.42 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $8,600
Paving: driveway & walks (paved)default
$12,100 new × 50% good × 1.42 allocation
- $6,600
Landscaping (typical)default
$9,300 new × 50% good × 1.42 allocation
- $1,500
Patiosdefault
$2,200 new × 50% good × 1.42 allocation
- $17,500
Decks & porches (attached)listing
$24,700 new × 50% good × 1.42 allocation
- $225,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$237,900 new × 67% good × 1.42 allocation
- $21,000
Building plumbing & fixturesdefault
$24,700 new × 60% good × 1.42 allocation
- $21,400
Building electrical & lightingdefault
$25,100 new × 60% good × 1.42 allocation
- $14,000
HVACdefault
$24,700 new × 40% good × 1.42 allocation
- $5,300
Hardwood & tile floorsdefault
$9,400 new × 40% good × 1.42 allocation
- $1,500
Fireplacelisting
$2,600 new × 40% good × 1.42 allocation
- $8,500
Septic systemlisting
$12,000 new × 50% good × 1.42 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $55,000 | $34,300 | $1,000 | $90,300 |
| 2 | $0 | $0 | $7,600 | $7,600 |
| 3 | $0 | $0 | $7,600 | $7,600 |
| 4 | $0 | $0 | $7,600 | $7,600 |
| 5 | $0 | $0 | $7,600 | $7,600 |
| 6+ | $0 | $0 | $265,800 | $265,800 |
| Total | $55,000 | $34,300 | $297,200 | $386,600 |
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: 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.