108 Logan Ln
Ellijay, GA 30540
$399,000
3 bd · 1 ba · 1,464 sqft · Listed 1d ago
View on Realtor.com →Year built
1959
Sqft
1,464
Lot sqft
16,988
HOA / mo
None
Furnished
No
List date
2026-10-21T23:44:52.000000Z
Revenue
Annual revenue
$28,900
ADR
$172
Occupancy
46%
Cleaning fees (12 mo)
$6,518
Confidence
Low (19.54), 12 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $32,846
Cozy Ellijay A-Frame Feel • 2BR/2BA • Fireplace, Games, Porch & Fire Pit
House · 2 bd · 2 ba · sleeps 4 · 0.2 mi
Revenue $4,538ADR $216Occ ≈ 6%—
Delisted
In Town. Hot Tub, Loft, Minutes to wineries
Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $42,656ADR $201Occ ≈ 58%4.9★ (116)
Room 2 min from downtown Ellijay
Tiny house · 2 bd · 1 ba · sleeps 4 · 0.3 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +2
Revenue $1,197ADR $92Occ ≈ 4%—
Dream Ridge | Ellijay, GA
Cabin · 2 bd · 2 ba · sleeps 4 · 0.4 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $9,367ADR $328Occ ≈ 8%4.7★ (10)
Mountainview Lake Retreat
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $12,057ADR $360Occ ≈ 9%4.8★ (2)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Downtown Bungalow | Walking Distance to Downtown House
| 2 bd · 2 ba · sleeps 4 | $35,084 | $207 | 46% | 4.8★ (98) | 0.2 mi | AirbnbVrbo |
Cozy Cabin•Hot Tub•Walk to Downtown Cabin
| 2 bd · 2 ba · sleeps 4 | $30,608 | $253 | 33% | 4.9★ (32) | 0.2 mi | AirbnbVrboBooking |
Cozy Ellijay A-Frame Feel • 2BR/2BA • Fireplace, Games, Porch & Fire Pit House | 2 bd · 2 ba · sleeps 4 | $4,538 | $216 | 6% | — | 0.2 mi | Delisted |
Cabin in Ellijay w/ Hot Tub & Fire Pit Cabin
| 3 bd · 2 ba · sleeps 6 | $38,487 | $286 | 37% | 4.9★ (11) | 0.2 mi | AirbnbVrboBooking |
In Town. Hot Tub, Loft, Minutes to wineries Cabin | 2 bd · 2 ba · sleeps 4 | $42,656 | $201 | 58% | 4.9★ (116) | 0.3 mi | Airbnb |
Apple Cottage | Luxury Downtown Ellijay House
| 2 bd · 1 ba · sleeps 5 | $35,972 | $229 | 43% | 4.8★ (64) | 0.3 mi | AirbnbVrbo |
BumbleBeeCottage historicEllijay House
| 3 bd · 2 ba · sleeps 6 | $77,681 | $347 | 61% | — | 0.3 mi | AirbnbVrbo |
Room 2 min from downtown Ellijay Tiny house
| 2 bd · 1 ba · sleeps 4 | $1,197 | $92 | 4% | — | 0.3 mi | Airbnb |
Dream Ridge | Ellijay, GA Cabin
| 2 bd · 2 ba · sleeps 4 | $9,367 | $328 | 8% | 4.7★ (10) | 0.4 mi | Airbnb |
Mountainview Lake Retreat Vacation home | 3 bd · 2 ba · sleeps 6 | $12,057 | $360 | 9% | 4.8★ (2) | 0.4 mi | Booking |
Show 2 more
The Huff House on Boardtown
House · 3 bd · 2 ba · sleeps 6 · 0.6 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $5,151ADR $253Occ ≈ 6%5★ (17)
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 15) + 0.75% investor premium
Est. revenue
$28,900
NOI
$12,149
Cash flow /mo
-$1,215
Cash needed
$135,210
Cash-on-cash
-10.8%
ROE (yr 1)
-0.1%
Cap rate
3.0%
DSCR
0.45
Year-1 write-off
$105,904
Year-1 tax shield @ 32%
$33,889
Year-1 return on equity
- Cash flow (annual)-$14,577
- Principal paydown$2,426
- Appreciation at%$11,970
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)$5,780
- Platform fees (3% of revenue)$867
- Maintenance / capex (5% of revenue)$1,445
- Utilities & supplies$4,200
- HOA$0
- Property tax$150
- Insurance (STR-rated)$4,309
Cash needed to close
- Down payment (25%)$99,750
- Closing costs (4.0%)$15,960
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$33,889
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
$339,000
Short-life (5/15-yr)
$86,000 · 25%
Year-1 deduction
$106,000
Year-1 tax shield @ 32%
$34,000
Land 15% (county tax record, market value split) · building $252,000 over 39 years · new furniture $20,000
Based on: 1,464 sq ft, built 1959, 3 bd / 1 ba, unfurnished, listing features (flooring types, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $81,000 in year 1 (18% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $10,200
Kitchen cabinetsdefault
$9,000 new × 40% good × 2.84 allocation
- $8,400
Kitchen countertopsdefault
$7,400 new × 40% good × 2.84 allocation
- $2,900
Decorative trimdefault
$2,600 new × 40% good × 2.84 allocation
- $200
Mirrorsdefault
$200 new × 40% good × 2.84 allocation
- $1,400
Shelvingdefault
$1,200 new × 40% good × 2.84 allocation
- $4,300
Window coverings (15)default
$3,800 new × 40% good × 2.84 allocation
- $10,700
Carpet, vinyl & laminate (100% of floors)listing
$9,400 new × 40% good × 2.84 allocation
- $8,000
Kitchen & laundry equipment plumbingdefault
$7,000 new × 40% good × 2.84 allocation
- $4,800
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 40% good × 2.84 allocation
- $9,200
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.84 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $11,300
Paving: driveway & walks (paved)default
$7,900 new × 50% good × 2.84 allocation
- $10,800
Landscaping (typical)default
$7,600 new × 50% good × 2.84 allocation
- $2,100
Patiosdefault
$1,400 new × 50% good × 2.84 allocation
- $2,100
Decks & porches (attached)default
$1,400 new × 50% good × 2.84 allocation
- $180,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$158,600 new × 40% good × 2.84 allocation
- $18,700
Building plumbing & fixturesdefault
$16,400 new × 40% good × 2.84 allocation
- $18,000
Building electrical & lightingdefault
$15,800 new × 40% good × 2.84 allocation
- $18,700
HVACdefault
$16,500 new × 40% good × 2.84 allocation
- $17,000
Septic systemlisting
$12,000 new × 50% good × 2.84 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $79,400 | $26,200 | $300 | $105,900 |
| 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 | $226,300 | $226,300 |
| Total | $79,400 | $26,200 | $252,400 | $358,100 |
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.