212 Nexus Dr
Ellijay, GA 30540
$349,900
3 bd · 2 ba · Listed 2d ago
View on Realtor.com →Year built
2003
Sqft
—
Lot sqft
67,082
HOA / mo
None
Furnished
Yes
List date
2026-10-09T17:10:10.000000Z
Revenue
Annual revenue
$34,309
ADR
$204
Occupancy
46%
Cleaning fees (12 mo)
$6,334
Confidence
Low (34.26), 18 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $33,528
Ellijay Cardinal Cabin Retreat in River Resort + Full Amenities & Nature Access
House · 3 bd · 3 ba · sleeps 8 · 433 ft
Revenue $37,082ADR $224Occ ≈ 45%5★ (1)
Delisted
Mountain Resort Cabin, Private, screened porch overlooking wide peaceful creek.
Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $14,155ADR $243Occ ≈ 16%5★ (247)
Delisted
Dolche Vita Chalet A great place to stay.
Cabin · 3 bd · 3 ba · sleeps 8 · 0.4 mi
Revenue $1,154ADR $577Occ ≈ 1%5★ (11)
Chicken Coop | No Pet Fees | Sleeps 6 | large fenced yard| Paved Roads
Cabin · 3 bd · 3 ba · sleeps 6 · 0.5 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $64,780ADR $311Occ ≈ 57%5★ (17)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Ellijay Cardinal Cabin Retreat in River Resort + Full Amenities & Nature Access House | 3 bd · 3 ba · sleeps 8 | $37,082 | $224 | 45% | 5★ (1) | 433 ft | Delisted |
Ellijay Harmony Lodge • Live Music Room • Sleeps 8 House
| 3 bd · 3 ba · sleeps 8 | $40,959 | $196 | 57% | 5★ (6) | 0.2 mi | AirbnbVrboBooking |
Screened Porch + Home Office: Modern Ellijay Cabin House
| 3 bd · 2.5 ba · sleeps 6 | $1,024 | $256 | 1% | — | 0.3 mi | AirbnbVrboBooking |
Ledger Creek Cabin Cabin
| 3 bd · 3 ba · sleeps 8 | $25,598 | $209 | 34% | 4.9★ (35) | 0.3 mi | AirbnbVrboBooking |
Mountain Resort Cabin, Private, screened porch overlooking wide peaceful creek. Cabin | 3 bd · 2 ba · sleeps 8 | $14,155 | $243 | 16% | 5★ (247) | 0.3 mi | Delisted |
Cozy Mountain Cabin hot tub, fire pit, hiking House
| 3 bd · 2 ba · sleeps 6 | $34,681 | $231 | 41% | 4.8★ (63) | 0.4 mi | AirbnbVrboBooking |
Dolche Vita Chalet A great place to stay. Cabin | 3 bd · 3 ba · sleeps 8 | $1,154 | $577 | 1% | 5★ (11) | 0.4 mi | Airbnb |
5-Star,Gated River Resort,Dog friendly, Hot Tub! Cabin
| 3 bd · 3 ba · sleeps 10 | $61,307 | $300 | 56% | 5★ (84) | 0.4 mi | AirbnbVrbo |
Chicken Coop | No Pet Fees | Sleeps 6 | large fenced yard| Paved Roads Cabin
| 3 bd · 3 ba · sleeps 6 | $64,780 | $311 | 57% | 5★ (17) | 0.5 mi | Vrbo |
Peaceful, screened porch, hot tub, firepit, grill Cabin
| 3 bd · 3 ba · sleeps 6 | $51,320 | $191 | 74% | 5★ (53) | 0.5 mi | AirbnbVrbo |
Show 8 more
2025 BUILT*Family Friendly*Game Rm*Fire Pit*5 TV's
House · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi
Revenue $21,300ADR $244Occ ≈ 24%5★ (7)
Fully Fenced Backyard for Pets/ Outdoor Pools
Cabin · 3 bd · 3 ba · sleeps 8 · 0.7 mi
Revenue $60,151ADR $262Occ ≈ 63%4.9★ (49)
New Listing-Community Amenities-Prime Location
House · 3 bd · 3 ba · sleeps 6 · 0.8 mi
Revenue $7,954ADR $163Occ ≈ 13%5★ (1)
| 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 | $34,743 | $260 | 37% | 5★ (43) | 0.5 mi | AirbnbVrboBooking |
Rustic Cabin Escape in Gilmer County House
| 3 bd · 2.5 ba · sleeps 8 | $11,306 | $329 | 9% | — | 0.5 mi | AirbnbVrbo |
Hot Tub & Movie Room: Updated Cabin in Ellijay! Cabin
| 3 bd · 3 ba · sleeps 9 | $32,374 | $256 | 35% | 5★ (32) | 0.5 mi | AirbnbVrboBooking |
2025 BUILT*Family Friendly*Game Rm*Fire Pit*5 TV's House | 3 bd · 2.5 ba · sleeps 8 | $21,300 | $244 | 24% | 5★ (7) | 0.6 mi | Airbnb |
Fully Fenced Backyard for Pets/ Outdoor Pools Cabin | 3 bd · 3 ba · sleeps 8 | $60,151 | $262 | 63% | 4.9★ (49) | 0.7 mi | Airbnb |
Wandering Bear's Den House
| 3 bd · 2 ba · sleeps 6 | $14,558 | $185 | 22% | 4.3★ (29) | 0.7 mi | AirbnbVrbo |
New Listing-Community Amenities-Prime Location House | 3 bd · 3 ba · sleeps 6 | $7,954 | $163 | 13% | 5★ (1) | 0.8 mi | Airbnb |
Trapper View Lodge | Lush Cabin Cabin
| 3 bd · 3 ba · sleeps 6 | $37,977 | $305 | 34% | 4.8★ (48) | 0.8 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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$34,309
NOI
$16,346
Cash flow /mo
-$591
Cash needed
$101,471
Cash-on-cash
-7.0%
ROE (yr 1)
5.5%
Cap rate
4.7%
DSCR
0.70
Year-1 write-off
$62,022
Year-1 tax shield @ 32%
$19,847
Year-1 return on equity
- Cash flow (annual)-$7,092
- Principal paydown$2,128
- Appreciation at%$10,497
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)$6,862
- Platform fees (3% of revenue)$1,029
- Maintenance / capex (5% of revenue)$1,715
- Utilities & supplies$4,200
- HOA$0
- Property tax$378
- Insurance (STR-rated)$3,779
Cash needed to close
- Down payment (25%)$87,475
- Closing costs (4.0%)$13,996
- Furnishing (conveyed with the sale)$0
Tax savings if the STR loophole applies
- Tax shield @ 32%$19,847
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
$334,000
Short-life (5/15-yr)
$62,000 · 19%
Year-1 deduction
$62,000
Year-1 tax shield @ 32%
$20,000
Land 5% (county tax record, market value split) · building $272,000 over 39 years
Based on: ~1,900 sq ft (from beds), built 2003, 3 bd / 2 ba, furnished, listing features (game room, fireplace, flooring types, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $46,000 in year 1 (14% short-life, $15,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,400
Kitchen cabinetsdefault
$10,000 new × 40% good × 1.62 allocation
- $5,300
Kitchen countertopsdefault
$8,200 new × 40% good × 1.62 allocation
- $2,100
Decorative trimdefault
$3,300 new × 40% good × 1.62 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.62 allocation
- $800
Shelvingdefault
$1,200 new × 40% good × 1.62 allocation
- $3,100
Window coverings (19)default
$4,800 new × 40% good × 1.62 allocation
- $4,000
Carpet, vinyl & laminate (50% of floors)listing
$6,100 new × 40% good × 1.62 allocation
- $6,800
Kitchen & laundry equipment plumbingdefault
$7,800 new × 54% good × 1.62 allocation
- $4,100
Kitchen, laundry & data equipment electricaldefault
$4,700 new × 54% good × 1.62 allocation
- $5,000
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 1.62 allocation
- $7,800
Furniture conveyed with the sale (used)listing
$19,500 new × 40% good · out of the price
- $2,400
Game-room equipment (used)listing
$6,000 new × 40% good · out of the price
- $7,300
Paving: driveway & walks (paved)default
$9,000 new × 50% good × 1.62 allocation
- $3,500
Landscaping (minimal)listing
$4,300 new × 50% good × 1.62 allocation
- $1,500
Patiosdefault
$1,900 new × 50% good × 1.62 allocation
- $1,500
Decks & porches (attached)default
$1,900 new × 50% good × 1.62 allocation
- $205,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$206,100 new × 62% good × 1.62 allocation
- $18,700
Building plumbing & fixturesdefault
$21,400 new × 54% good × 1.62 allocation
- $18,600
Building electrical & lightingdefault
$21,400 new × 54% good × 1.62 allocation
- $13,800
HVACdefault
$21,400 new × 40% good × 1.62 allocation
- $4,000
Hardwood & tile floorsdefault
$6,100 new × 40% good × 1.62 allocation
- $1,700
Fireplacelisting
$2,600 new × 40% good × 1.62 allocation
- $9,700
Septic systemlisting
$12,000 new × 50% good × 1.62 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $47,900 | $13,800 | $300 | $62,000 |
| 2 | $0 | $0 | $7,000 | $7,000 |
| 3 | $0 | $0 | $7,000 | $7,000 |
| 4 | $0 | $0 | $7,000 | $7,000 |
| 5 | $0 | $0 | $7,000 | $7,000 |
| 6+ | $0 | $0 | $243,700 | $243,700 |
| Total | $47,900 | $13,800 | $271,900 | $333,600 |
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: 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.