130 Cornett Dr
Ellijay, GA 30540
$699,000
5 bd · 5 ba · 6,159 sqft · Listed 1d ago
View on Realtor.com →Year built
2011
Sqft
6,159
Lot sqft
87,556
HOA / mo
$0
Furnished
No
List date
2026-11-02T17:09:49.000000Z
Revenue
Annual revenue
$62,692
ADR
$306
Occupancy
56%
Cleaning fees (12 mo)
$12,215
Confidence
Low (—), 4 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $63,851
Gorgeous country lodge w/ mountain views, hot tub
Cabin · 4 bd · 4 ba · sleeps 10 · 2.1 mi
Revenue $1,793ADR $566Occ ≈ 1%5★ (4)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Gorgeous country lodge w/ mountain views, hot tub Cabin | 4 bd · 4 ba · sleeps 10 | $1,793 | $566 | 1% | 5★ (4) | 2.1 mi | Booking |
Birchwood Lodge House
| 4 bd · 4 ba · sleeps 10 | $76,493 | $340 | 62% | 5★ (24) | 2.2 mi | AirbnbVrbo |
Rich Mountain Chateau - Ellijay GA Cabin | 4 bd · 4 ba · sleeps 10 | $97,869 | $515 | 52% | 4.7★ (6) | 2.2 mi | AirbnbVrboBooking |
2-Level Deck - Stunning Views - Hot Tub - Fire Pit House
| 4 bd · 4 ba · sleeps 10 | $51,208 | $436 | 32% | 4.8★ (18) | 2.3 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
Rate 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium
Est. revenue
$62,692
NOI
$28,741
Cash flow /mo
-$1,448
Cash needed
$229,210
Cash-on-cash
-7.6%
ROE (yr 1)
3.5%
Cap rate
4.1%
DSCR
0.62
Year-1 write-off
$124,462
Year-1 tax shield @ 32%
$39,828
Year-1 return on equity
- Cash flow (annual)-$17,376
- Principal paydown$4,388
- Appreciation at%$20,970
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)$12,538
- Platform fees (3% of revenue)$1,881
- Maintenance / capex (5% of revenue)$3,135
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,648
- Insurance (STR-rated)$7,549
Cash needed to close
- Down payment (25%)$174,750
- Closing costs (4.0%)$27,960
- Furnishing (bought new)$26,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$39,828
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
$668,000
Short-life (5/15-yr)
$97,000 · 15%
Year-1 deduction
$124,000
Year-1 tax shield @ 32%
$40,000
Land 4% (county tax record, market value split) · building $571,000 over 39 years · new furniture $27,000
Based on: 6,159 sq ft, built 2011, 5 bd / 5 ba, unfurnished, listing features (deck, patio, fireplace, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $78,000 in year 1 (8% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,700
Kitchen cabinetsdefault
$19,300 new × 40% good × 0.87 allocation
- $5,500
Kitchen countertopsdefault
$15,800 new × 40% good × 0.87 allocation
- $3,700
Decorative trimdefault
$10,800 new × 40% good × 0.87 allocation
- $300
Mirrorsdefault
$800 new × 40% good × 0.87 allocation
- $600
Shelvingdefault
$1,800 new × 40% good × 0.87 allocation
- $5,400
Window coverings (62)default
$15,500 new × 40% good × 0.87 allocation
- $9,100
Kitchen & laundry equipment plumbingdefault
$15,000 new × 70% good × 0.87 allocation
- $5,500
Kitchen, laundry & data equipment electricaldefault
$9,100 new × 70% good × 0.87 allocation
- $2,700
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 0.87 allocation
- $26,500
Furniture bought newlisting
$26,500 new × 100% good · bought separately
- $8,800
Paving: driveway & walks (paved)default
$20,300 new × 50% good × 0.87 allocation
- $6,800
Landscaping (typical)default
$15,700 new × 50% good × 0.87 allocation
- $12,000
Patioslisting
$27,700 new × 50% good × 0.87 allocation
- $30,100
Decks & porches (attached)listing
$69,300 new × 50% good × 0.87 allocation
- $437,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$670,400 new × 75% good × 0.87 allocation
- $42,300
Building plumbing & fixturesdefault
$69,600 new × 70% good × 0.87 allocation
- $45,800
Building electrical & lightingdefault
$75,300 new × 70% good × 0.87 allocation
- $24,100
HVACdefault
$69,400 new × 40% good × 0.87 allocation
- $13,800
Hardwood & tile floorsdefault
$39,600 new × 40% good × 0.87 allocation
- $2,700
Fireplaces (3)listing
$7,900 new × 40% good × 0.87 allocation
- $5,200
Septic systemlisting
$12,000 new × 50% good × 0.87 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $66,100 | $57,800 | $600 | $124,500 |
| 2 | $0 | $0 | $14,600 | $14,600 |
| 3 | $0 | $0 | $14,600 | $14,600 |
| 4 | $0 | $0 | $14,600 | $14,600 |
| 5 | $0 | $0 | $14,600 | $14,600 |
| 6+ | $0 | $0 | $511,900 | $511,900 |
| Total | $66,100 | $57,800 | $571,100 | $694,900 |
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.