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126 Addle Way

126 Addle Way

Ellijay, GA 30540

$415,000

2 bd · 2 ba · 1,352 sqft · Listed 71d ago

View on Realtor.com →
Low confidence

Year built

1987

Sqft

1,352

Lot sqft

39,640

HOA / mo

None

Furnished

No

List date

2026-09-02T20:05:35.000000Z

Revenue

Annual revenue

$33,114

ADR

$204

Occupancy

44%

Cleaning fees (12 mo)

$6,883

Confidence

Low (20.51), 31 comps

Comp revenue range (p25 / median / p75)

$8,050$21,761$49,379

Median revenue of shown comps: $21,761

  • River Front House in Ellijay

    Cabin · 2 bd · 2 ba · sleeps 6 · 341 ft

    • Pool
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $40,510ADR $195Occ ≈ 57%4.7★ (219)

    AirbnbVrbo

  • Moon River | Ellijay, GA

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.1 mi

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

    Revenue $53,127ADR $335Occ ≈ 43%4.8★ (36)

    AirbnbVrbo

  • Cabin Zen. Riverfront. Hot Tub. Arcades. Sleeps 8+

    Cabin · 2 bd · 3 ba · sleeps 8 · 0.2 mi

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

    Revenue $57,721ADR $334Occ ≈ 47%4.8★ (45)

    AirbnbVrboBooking

  • Mountain Romance - Hot Tub - River Walk

    House · 2 bd · 2 ba · sleeps 4 · 0.2 mi

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

    Revenue $14,114ADR $243Occ ≈ 16%5★ (13)

    AirbnbVrboBooking

  • Deer River Retreat | Waterfront in Coosawattee

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

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

    Revenue $55,317ADR $265Occ ≈ 57%4.8★ (123)

    AirbnbVrbo

  • Rustic Elegance of Ellijay

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    • Pool
    • A/C
    • Wifi
    • Kitchen
    • +2

    Revenue $1,667ADR $238Occ ≈ 2%4.8★ (33)

    AirbnbVrbo

  • On River Time

    House · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    • Pool
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $21,111ADR $108Occ ≈ 54%4.8★ (105)

    AirbnbVrbo

  • Riverfront Cabin/Hot Tub/Secluded w/Resort Amenity

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.3 mi

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

    Revenue $59,416ADR $235Occ ≈ 69%5★ (239)

    AirbnbVrbo

  • River View Getaway by 2DC

    House · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $36,345ADR $212Occ ≈ 47%5★ (100)

    AirbnbVrboBooking

  • Peaceful home, large hot tub, deer sightings

    House · 2 bd · 2 ba · sleeps 6 · 0.3 mi

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

    Revenue $15,684ADR $279Occ ≈ 15%4.9★ (48)

    AirbnbVrbo

Show 22 more

  • Riverside! Bring Your Pups+ Hot Tub+Firepit+COMFY

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.4 mi

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

    Revenue $23,249ADR $306Occ ≈ 21%5★ (113)

    AirbnbVrbo

  • Ellijay Luxury Family Glamper! Indoor pool & deer

    Tiny house · 2 bd · 1 ba · sleeps 4 · 0.4 mi

    Revenue $22,411ADR $579Occ ≈ 11%4.8★ (28)

    Delisted

  • Very Private, Quiet Cabin With A Mountain View

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $3,924ADR $275Occ ≈ 4%4.8★ (71)

    Delisted

  • Care Bears Cottage

    Camper/RV · 2 bd · 1 ba · sleeps 5 · 0.5 mi

    • Pool
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $1,435ADR $128Occ ≈ 3%4.8★ (12)

    Airbnb

  • Saxonville Lodgehouse

    Farm stay · 2 bd · 1.5 ba · sleeps 7 · 0.5 mi

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $4,158ADR $113Occ ≈ 10%4.9★ (10)

    AirbnbVrbo

  • Family Cabin | Hot Tub, Fire Pit + Pool Access

    Cabin · 2 bd · 3 ba · sleeps 8 · 0.5 mi

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

    Revenue $48,482ADR $202Occ ≈ 66%5★ (123)

    AirbnbVrbo

  • Riverfront Cabin- Hot Tub +Firepit +Apple Orchards

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

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

    Revenue $56,770ADR $269Occ ≈ 58%5★ (131)

    AirbnbVrbo

  • Relax camping in the mountains!

    Camper/RV · 2 bd · 1 ba · sleeps 5 · 0.6 mi

    Revenue $2,433ADR $172Occ ≈ 4%5★ (8)

    Delisted

  • Cabin River Retreat / Hot Tub / Blue Ridge Mtns

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.6 mi

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

    Revenue $52,071ADR $274Occ ≈ 52%5★ (51)

    AirbnbVrboBooking

  • Killin Time River Cabin

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.6 mi

    Revenue $8,357ADR $0Occ ≈ —5★ (24)

    Airbnb

  • Riverfront Cottage In The Coosawattee Resort.

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $15,764ADR $246Occ ≈ 18%5★ (8)

    AirbnbVrboBooking

  • Otto Ellijay | Modern Home in the Woods

    House · 2 bd · 1 ba · sleeps 4 · 0.6 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen

    Revenue $15,582ADR $238Occ ≈ 18%5★ (18)

    Airbnb

  • Cedar & Pine River Cabin

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.6 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $4,201ADR $168Occ ≈ 7%5★ (4)

    AirbnbVrbo

  • Dream Ridge | Ellijay, GA

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.6 mi

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

    Revenue $7,555ADR $314Occ ≈ 7%5★ (4)

    Vrbo

  • Rocky Road Retreat Stay

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi

    • Hot tub
    • Pool
    • A/C
    • Pets OK
    • +3

    Revenue $4,428ADR $216Occ ≈ 6%4.5★ (25)

    AirbnbVrboBooking

  • Riverfront Cabin, Resort Pool, Hot Tub, Tubing

    House · 2 bd · 2 ba · sleeps 8 · 0.7 mi

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

    Revenue $54,901ADR $393Occ ≈ 38%5★ (35)

    AirbnbVrbo

  • NEW: Dawn Lane Escape | Hot Tub | Mins to Town

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.7 mi

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

    Revenue $12,000ADR $179Occ ≈ 18%5★ (14)

    AirbnbVrbo

  • Modern Cabin, Forest Deck and Deer Everywhere

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.7 mi

    • Pool
    • A/C
    • Pets OK
    • Wifi
    • +4

    Revenue $28,199ADR $254Occ ≈ 30%5★ (1)

    AirbnbVrbo

  • On The Rocks-Riverfront Cabin

    Vacation home · 2 bd · 1 ba · sleeps 4 · 0.7 mi

    Revenue $8,215ADR $356Occ ≈ 6%—

    Booking

  • Dog-friendly cabin with hot tub, 2 fireplaces, game room. washer/dryer & AC

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $24,752ADR $211Occ ≈ 32%4.8★ (15)

    Delisted

  • Fire Pit + Free Wood | Pizza Oven & Grill | Deer

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.7 mi

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $37,437ADR $185Occ ≈ 55%5★ (81)

    AirbnbVrbo

  • Edgewater Dreams | Coosawattee Riverfront

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.8 mi

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

    Revenue $66,335ADR $311Occ ≈ 58%4.9★ (114)

    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

Financing
Management

Est. revenue

$33,114

NOI

$12,699

Cash flow /mo

$1,058

Cash needed

$447,600

Cash-on-cash (all cash)

2.8%

ROE (yr 1)

5.6%

Cap rate

3.1%

DSCR

—

Year-1 write-off

$91,758

Year-1 tax shield @ 32%

$29,363

Year-1 return on equity

  • Cash flow (annual)$12,699
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$12,450
ROE5.6%

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)$6,623
  • Platform fees (3% of revenue)$993
  • Maintenance / capex (5% of revenue)$1,656
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$2,461
  • Insurance (STR-rated)$4,482

Cash needed to close

  • Purchase price (all cash)$415,000
  • Closing costs (4.0%)$16,600
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$29,363

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

$328,000

Short-life (5/15-yr)

$75,000 · 23%

Year-1 deduction

$92,000

Year-1 tax shield @ 32%

$29,000

Land 21% (county tax record, market value split) · building $253,000 over 39 years · new furniture $16,000

Based on: 1,352 sq ft, built 1987, 2 bd / 2 ba, unfurnished, listing features (fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $67,000 in year 1 (15% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$64,800

  • Kitchen cabinetsdefault

    $8,800 new × 40% good × 2.97 allocation

    $10,400

  • Kitchen countertopsdefault

    $7,200 new × 40% good × 2.97 allocation

    $8,500

  • Decorative trimdefault

    $2,400 new × 40% good × 2.97 allocation

    $2,800

  • Mirrorsdefault

    $300 new × 40% good × 2.97 allocation

    $400

  • Shelvingdefault

    $900 new × 40% good × 2.97 allocation

    $1,100

  • Window coverings (14)default

    $3,500 new × 40% good × 2.97 allocation

    $4,200

  • Carpet, vinyl & laminate (50% of floors)listing

    $4,400 new × 40% good × 2.97 allocation

    $5,200

  • Kitchen & laundry equipment plumbingdefault

    $6,800 new × 40% good × 2.97 allocation

    $8,100

  • Kitchen, laundry & data equipment electricaldefault

    $4,100 new × 40% good × 2.97 allocation

    $4,900

  • Appliances (range, dishwasher)listing

    $2,800 new × 40% good × 2.97 allocation

    $3,300

  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
15-year land improvements$26,200

  • Paving: driveway & walks (paved)default

    $7,600 new × 50% good × 2.97 allocation

    $11,300

  • Landscaping (typical)default

    $7,300 new × 50% good × 2.97 allocation

    $10,900

  • Patiosdefault

    $1,300 new × 50% good × 2.97 allocation

    $2,000

  • Decks & porches (attached)default

    $1,300 new × 50% good × 2.97 allocation

    $2,000
Building, 39-year$253,300

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

    $146,500 new × 40% good × 2.97 allocation

    $174,000

  • Building plumbing & fixturesdefault

    $15,200 new × 40% good × 2.97 allocation

    $18,000

  • Building electrical & lightingdefault

    $14,400 new × 40% good × 2.97 allocation

    $17,100

  • HVACdefault

    $15,200 new × 40% good × 2.97 allocation

    $18,100

  • Hardwood & tile floorsdefault

    $4,400 new × 40% good × 2.97 allocation

    $5,200

  • Fireplacelisting

    $2,600 new × 40% good × 2.97 allocation

    $3,100

  • Septic systemlisting

    $12,000 new × 50% good × 2.97 allocation

    $17,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$64,800$26,200$800$91,800
2$0$0$6,500$6,500
3$0$0$6,500$6,500
4$0$0$6,500$6,500
5$0$0$6,500$6,500
6+$0$0$226,500$226,500
Total$64,800$26,200$253,300$344,200

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.