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514 Malory Cir Unit 7146

514 Malory Cir Unit 7146

Ellijay, GA 30540

$974,777

5 bd · 4.5 ba · 4,005 sqft · Listed 9d ago

View on Realtor.com →

Year built

2003

Sqft

4,005

Lot sqft

228,690

HOA / mo

$198

Furnished

No

List date

2026-11-03T20:40:48.000000Z

Revenue

Annual revenue

$41,643

ADR

$399

Occupancy

29%

Cleaning fees (12 mo)

$7,820

Confidence

Low (40.87), 15 comps

Comp revenue range (p25 / median / p75)

$18,725$31,499$52,678

Few similar-size comps were found, so all comps are shown.

Median revenue of shown comps: $31,499

  • Flat Creek Falls House - Secluded & Peaceful

    House · 5 bd · 5.5 ba · sleeps 12 · 10 ft

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $50,860ADR $573Occ ≈ 24%4.8★ (56)

    AirbnbVrbo

  • Lofty Escape Retreat

    Cabin · 4 bd · 3 ba · sleeps 8 · 69 ft

    • Pool
    • A/C
    • Wifi
    • Kitchen
    • +3

    Revenue $13,466ADR $282Occ ≈ 13%4.5★ (30)

    AirbnbVrbo

  • Hearthside Hideaway | Luxury Coosawattee Cabin

    Cabin · 4 bd · 3 ba · sleeps 8 · 0.2 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $27,671ADR $382Occ ≈ 20%4.9★ (10)

    AirbnbVrbo

  • Tapp into Nature, family-sized, hot tub

    Cabin · 4 bd · 3 ba · sleeps 8 · 0.2 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $26,268ADR $293Occ ≈ 25%4.8★ (12)

    AirbnbVrboBooking

  • Highridge Hideaway|Hottub |Movie Theater|3700+ SF

    Cabin · 4 bd · 3 ba · sleeps 11 · 0.2 mi

    Revenue $39,832ADR $361Occ ≈ 30%4.9★ (26)

    AirbnbBooking

  • Hearthside Hideaway - Luxury Resort Home

    Cabin · 4 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $11,526ADR $261Occ ≈ 12%—

    Delisted

  • Mountain Lookout View Firepit Hot tub & Fireplace

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +6

    Revenue $54,495ADR $266Occ ≈ 56%5★ (60)

    AirbnbVrbo

  • 3800 sq foot Secluded Cabin - Movie Theater, jacuzzi and arcade

    Cabin · 4 bd · 3 ba · sleeps 9 · 0.4 mi

    Revenue $31,499ADR $388Occ ≈ 22%4.5★ (2)

    Delisted

  • Glass Bridge Modern Masterpiece Blue Ridge Ellijay

    House · 4 bd · 4 ba · sleeps 8 · 0.5 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $88,170ADR $507Occ ≈ 48%5★ (53)

    Airbnb

  • Bear Traxx | Pets Stay FREE | Sleeps 8 | Game Room |Coosawattee River Resort

    Cabin · 4 bd · 3.5 ba · sleeps 8 · 0.6 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $56,231ADR $278Occ ≈ 55%4.7★ (30)

    Vrbo

Show 5 more

  • Secluded Cabin, Hot Tub, Pool Table, Resort access

    Cabin · 4 bd · 3 ba · sleeps 6 · 0.6 mi

    • Hot tub
    • A/C
    • Pets OK
    • Wifi
    • +5

    Revenue $15,012ADR $403Occ ≈ 10%4.9★ (10)

    Airbnb

  • Eagle Mountain River Retreat

    Vacation home · 4 bd · 3 ba · sleeps 4 · 0.6 mi

    Revenue $16,452ADR $200Occ ≈ 23%4.9★ (19)

    Booking

  • Eagle Mountain River Retreat

    House · 4 bd · 3 ba · sleeps 10 · 0.7 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +7

    Revenue $20,998ADR $250Occ ≈ 23%4.9★ (58)

    AirbnbVrbo

  • Fall Cabin Hot-Tub Fire-Pit Hiking Waterfalls Wineries Resort Amenities

    Vacation home · 4 bd · 3 ba · sleeps 8 · 0.7 mi

    Revenue $40,601ADR $305Occ ≈ 36%5★ (29)

    Booking

  • MTN Getaway for 12 | Pool, Hot Tub, Firepit & Game

    Cabin · 5 bd · 3 ba · sleeps 12 · 0.7 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $60,959ADR $352Occ ≈ 47%5★ (41)

    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

Financing
Management

Est. revenue

$41,643

NOI

$8,839

Cash flow /mo

$737

Cash needed

$1,046,268

Cash-on-cash (all cash)

0.8%

ROE (yr 1)

3.6%

Cap rate

0.9%

DSCR

—

Year-1 write-off

$231,434

Year-1 tax shield @ 32%

$74,059

Year-1 return on equity

  • Cash flow (annual)$8,839
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$29,243
ROE3.6%

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)$8,329
  • Platform fees (3% of revenue)$1,249
  • Maintenance / capex (5% of revenue)$2,082
  • Utilities & supplies$4,200
  • HOA$2,376
  • Property tax$4,040
  • Insurance (STR-rated)$10,528

Cash needed to close

  • Purchase price (all cash)$974,777
  • Closing costs (4.0%)$38,991
  • Furnishing (bought new)$32,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$74,059

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

$933,000

Short-life (5/15-yr)

$198,000 · 21%

Year-1 deduction

$231,000

Year-1 tax shield @ 32%

$74,000

Land 4% (county tax record, market value split) · building $735,000 over 39 years · new furniture $33,000

Based on: 4,005 sq ft, built 2003, 5 bd / 4.5 ba, unfurnished, listing features (hot tub, deck, covered patio, fence, game room, fireplace, stone counters, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $152,000 in year 1 (13% short-life, $49,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$115,600

  • Kitchen cabinetsdefault

    $14,600 new × 40% good × 2.09 allocation

    $12,200

  • Kitchen countertops (stone)listing

    $14,900 new × 40% good × 2.09 allocation

    $12,500

  • Decorative trimdefault

    $7,000 new × 40% good × 2.09 allocation

    $5,900

  • Mirrorsdefault

    $600 new × 40% good × 2.09 allocation

    $500

  • Shelvingdefault

    $1,800 new × 40% good × 2.09 allocation

    $1,500

  • Window coverings (40)default

    $10,000 new × 40% good × 2.09 allocation

    $8,400

  • Carpet, vinyl & laminate (33% of floors)listing

    $8,600 new × 40% good × 2.09 allocation

    $7,200

  • Kitchen & laundry equipment plumbingdefault

    $11,300 new × 54% good × 2.09 allocation

    $12,800

  • Kitchen, laundry & data equipment electricaldefault

    $6,900 new × 54% good × 2.09 allocation

    $7,800

  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)listing

    $8,100 new × 40% good × 2.09 allocation

    $6,800

  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.09 allocation

    $7,500

  • Furniture bought newlisting

    $26,500 new × 100% good · bought separately

    $26,500

  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$115,100

  • Paving: driveway & walks (paved)listing

    $13,100 new × 50% good × 2.09 allocation

    $13,700

  • Landscaping (typical)default

    $12,600 new × 50% good × 2.09 allocation

    $13,200

  • Covered patiolisting

    $33,000 new × 50% good × 2.09 allocation

    $34,600

  • Decks & porches (attached)listing

    $45,100 new × 50% good × 2.09 allocation

    $47,200

  • Fencinglisting

    $6,000 new × 50% good × 2.09 allocation

    $6,300
Building, 39-year$734,700

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $435,200 new × 62% good × 2.09 allocation

    $562,200

  • Building plumbing & fixturesdefault

    $45,200 new × 54% good × 2.09 allocation

    $51,100

  • Building electrical & lightingdefault

    $48,000 new × 54% good × 2.09 allocation

    $54,300

  • HVACdefault

    $45,100 new × 40% good × 2.09 allocation

    $37,800

  • Hardwood & tile floorsdefault

    $17,200 new × 40% good × 2.09 allocation

    $14,400

  • Fireplacelisting

    $2,600 new × 40% good × 2.09 allocation

    $2,200

  • Septic systemlisting

    $12,000 new × 50% good × 2.09 allocation

    $12,600

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$115,600$115,100$800$231,400
2$0$0$18,800$18,800
3$0$0$18,800$18,800
4$0$0$18,800$18,800
5$0$0$18,800$18,800
6+$0$0$658,600$658,600
Total$115,600$115,100$734,700$965,400

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.