137 Ridgecrest Ct
Ellijay, GA 30540
$410,000
3 bd · 2 ba · 2,162 sqft · Listed 6d ago
View on Realtor.com →Year built
1985
Sqft
2,162
Lot sqft
50,094
HOA / mo
None
Furnished
No
List date
2026-09-21T15:49:16.000000Z
Revenue
Annual revenue
$31,612
ADR
$218
Occupancy
40%
Cleaning fees (12 mo)
$6,504
Confidence
Low (36.28), 13 comps
Comp revenue range (p25 / median / p75)
Maple Summit Ellijay
Cabin · 3 bd · 3 ba · sleeps 8 · 0.6 mi
Revenue $3,184ADR $318Occ ≈ 3%5★ (1)
Sweet Tea Retreat up on the hill in Cossawattee River Resort Ellijay
House · 3 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $19,485ADR $262Occ ≈ 20%4★ (1)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Peaceful & Spacious Modern Cabin w/ Hot Tub Chalet | 3 bd · 2.5 ba · sleeps 6 | $39,319 | $232 | 46% | 5★ (106) | 135 ft | AirbnbVrboBooking |
Coos Moose House | 3 bd · 2 ba · sleeps 9 | $14,132 | $186 | 21% | — | 436 ft | AirbnbBooking |
MTN Views | Hot Tub | Games | Dog Friendly House | 3 bd · 2 ba · sleeps 7 | $30,790 | $199 | 42% | 5★ (17) | 0.3 mi | AirbnbVrboBooking |
Ellijay Escape: Hike, Shop, Explore & More! Cabin | 3 bd · 2.5 ba · sleeps 8 | $14,049 | $187 | 21% | 4.4★ (13) | 0.3 mi | AirbnbVrboBooking |
New Build Rustic Stay! Hot Tub|Fire Pit|Game Room Cabin | 3 bd · 2.5 ba · sleeps 10 | $45,673 | $320 | 39% | 5★ (94) | 0.3 mi | AirbnbVrboBooking |
Sweet Tea Retreat, Ellijay Cabin | 3 bd · 2 ba · sleeps 6 | $20,042 | $249 | 22% | 4.9★ (47) | 0.4 mi | AirbnbVrbo |
Empress Tree Lodge - HotTub/Sauna/FirePit/Sleeps10 House | 3 bd · 3 ba · sleeps 10 | $29,859 | $330 | 25% | 4.8★ (27) | 0.4 mi | AirbnbVrbo |
Maple Summit Ellijay Cabin | 3 bd · 3 ba · sleeps 8 | $3,184 | $318 | 3% | 5★ (1) | 0.6 mi | Airbnb |
Ellijay Retreat w/ Access to Community Pools! House | 3 bd · 2 ba · sleeps 6 | $34,449 | $203 | 46% | 5★ (14) | 0.6 mi | AirbnbVrboBooking |
Sweet Tea Retreat up on the hill in Cossawattee River Resort Ellijay House | 3 bd · 2 ba · sleeps 6 | $19,485 | $262 | 20% | 4★ (1) | 0.6 mi | Vrbo |
Show all 13 comps
Cozy cabin w/ outdoor deck and access to Coosawattee Resort amenities
Cabin · 3 bd · 3 ba · sleeps 8 · 0.6 mi
Revenue $7,517ADR $309Occ ≈ 7%5★ (1)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Modern cabin retreat in Coosawattee river resort Cabin | 3 bd · 2 ba · sleeps 7 | $44,241 | $265 | 46% | 5★ (30) | 0.6 mi | AirbnbVrbo |
Cozy cabin w/ outdoor deck and access to Coosawattee Resort amenities Cabin | 3 bd · 3 ba · sleeps 8 | $7,517 | $309 | 7% | 5★ (1) | 0.6 mi | Vrbo |
3 BR home with outdoor deck and serene views Cabin | 3 bd · 3 ba · sleeps 8 | $2,730 | $273 | 3% | — | 0.7 mi | 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
Est. revenue
$31,612
NOI
$12,135
Cash flow /mo
$1,011
Cash needed
$445,900
Cash-on-cash (all cash)
2.7%
ROE (yr 1)
5.5%
Cap rate
3.0%
DSCR
—
Year-1 write-off
$109,051
Year-1 tax shield @ 32%
$34,896
Year-1 return on equity
- Cash flow (annual)$12,135
- Principal paydown (n/a, cash)$0
- Appreciation at%$12,300
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$6,322
- Platform fees (3% of revenue)$948
- Maintenance / capex (5% of revenue)$1,581
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,998
- Insurance (STR-rated)$4,428
Cash needed to close
- Purchase price (all cash)$410,000
- Closing costs (4.0%)$16,400
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$34,896
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
$399,000
Short-life (5/15-yr)
$89,000 · 22%
Year-1 deduction
$109,000
Year-1 tax shield @ 32%
$35,000
Land 3% (county tax record, market value split) · building $310,000 over 39 years · new furniture $20,000
Based on: 2,162 sq ft, built 1985, 3 bd / 2 ba, unfurnished, listing features (hot tub, fireplace, stone counters, flooring types, appliance list, septic).
IRS-guide safe-harbor floor: $82,000 in year 1 (15% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,800
Kitchen cabinetsdefault
$10,500 new × 40% good × 2.32 allocation
- $10,000
Kitchen countertops (stone)listing
$10,800 new × 40% good × 2.32 allocation
- $3,500
Decorative trimdefault
$3,800 new × 40% good × 2.32 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.32 allocation
- $1,100
Shelvingdefault
$1,200 new × 40% good × 2.32 allocation
- $5,100
Window coverings (22)default
$5,500 new × 40% good × 2.32 allocation
- $4,300
Carpet, vinyl & laminate (33% of floors)listing
$4,600 new × 40% good × 2.32 allocation
- $7,600
Kitchen & laundry equipment plumbingdefault
$8,200 new × 40% good × 2.32 allocation
- $4,600
Kitchen, laundry & data equipment electricaldefault
$5,000 new × 40% good × 2.32 allocation
- $7,100
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 2.32 allocation
- $8,300
Hot tub (freestanding)listing
$9,000 new × 40% good × 2.32 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $11,200
Paving: driveway & walks (paved)default
$9,600 new × 50% good × 2.32 allocation
- $10,700
Landscaping (typical)default
$9,300 new × 50% good × 2.32 allocation
- $2,500
Patiosdefault
$2,100 new × 50% good × 2.32 allocation
- $2,500
Decks & porches (attached)default
$2,100 new × 50% good × 2.32 allocation
- $217,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$234,700 new × 40% good × 2.32 allocation
- $22,600
Building plumbing & fixturesdefault
$24,300 new × 40% good × 2.32 allocation
- $22,900
Building electrical & lightingdefault
$24,700 new × 40% good × 2.32 allocation
- $22,600
HVACdefault
$24,400 new × 40% good × 2.32 allocation
- $8,600
Hardwood & tile floorsdefault
$9,300 new × 40% good × 2.32 allocation
- $2,400
Fireplacelisting
$2,600 new × 40% good × 2.32 allocation
- $13,900
Septic systemlisting
$12,000 new × 50% good × 2.32 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $81,200 | $26,800 | $1,000 | $109,100 |
| 2 | $0 | $0 | $8,000 | $8,000 |
| 3 | $0 | $0 | $8,000 | $8,000 |
| 4 | $0 | $0 | $8,000 | $8,000 |
| 5 | $0 | $0 | $8,000 | $8,000 |
| 6+ | $0 | $0 | $277,600 | $277,600 |
| Total | $81,200 | $26,800 | $310,400 | $418,500 |
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.