108 Logan Ln

Ellijay, GA 30540

$399,000

3 bd · 1 ba · 1,464 sqft · Listed 1d ago

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Low confidence

Year built

1959

Sqft

1,464

Lot sqft

16,988

HOA / mo

None

Furnished

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)

$8,313$32,846$39,529

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

Median revenue of shown comps: $32,846

Downtown Bungalow | Walking Distance to Downtown
House · 2 bd · 2 ba · sleeps 4 · 0.2 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $35,084ADR $207Occ ≈ 46%4.8★ (98)
Airbnb Vrbo
Cozy Cabin•Hot Tub•Walk to Downtown
Cabin · 2 bd · 2 ba · sleeps 4 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +4
Revenue $30,608ADR $253Occ ≈ 33%4.9★ (32)
Airbnb Vrbo Booking
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
Cabin in Ellijay w/ Hot Tub & Fire Pit
Cabin · 3 bd · 2 ba · sleeps 6 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +3
Revenue $38,487ADR $286Occ ≈ 37%4.9★ (11)
Airbnb Vrbo Booking
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)
Airbnb
Apple Cottage | Luxury Downtown Ellijay
House · 2 bd · 1 ba · sleeps 5 · 0.3 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $35,972ADR $229Occ ≈ 43%4.8★ (64)
Airbnb Vrbo
BumbleBeeCottage historicEllijay
House · 3 bd · 2 ba · sleeps 6 · 0.3 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $77,681ADR $347Occ ≈ 61%—
Airbnb Vrbo
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%—
Airbnb
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)
Airbnb
Mountainview Lake Retreat
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $12,057ADR $360Occ ≈ 9%4.8★ (2)
Booking

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Downtown Bungalow \| Walking Distance to Downtown House A/C Free parking Pets OK Wifi +3	2 bd · 2 ba · sleeps 4	$35,084	$207	46%	4.8★ (98)	0.2 mi	Airbnb Vrbo
Cozy Cabin•Hot Tub•Walk to Downtown Cabin Hot tub A/C Free parking Pets OK +4	2 bd · 2 ba · sleeps 4	$30,608	$253	33%	4.9★ (32)	0.2 mi	Airbnb Vrbo Booking
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 Hot tub A/C Free parking Pets OK +3	3 bd · 2 ba · sleeps 6	$38,487	$286	37%	4.9★ (11)	0.2 mi	Airbnb Vrbo Booking
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 A/C Free parking Pets OK Wifi +3	2 bd · 1 ba · sleeps 5	$35,972	$229	43%	4.8★ (64)	0.3 mi	Airbnb Vrbo
BumbleBeeCottage historicEllijay House A/C Free parking Wifi Kitchen +1	3 bd · 2 ba · sleeps 6	$77,681	$347	61%	—	0.3 mi	Airbnb Vrbo
Room 2 min from downtown Ellijay Tiny house A/C Free parking Pets OK Wifi +2	2 bd · 1 ba · sleeps 4	$1,197	$92	4%	—	0.3 mi	Airbnb
Dream Ridge \| Ellijay, GA Cabin Hot tub A/C Free parking Wifi +3	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

Life on the River at the Cabin
Cabin · 4 bd · 2 ba · sleeps 8 · 0.6 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +5
Revenue $52,284ADR $280Occ ≈ 51%4.9★ (91)
Airbnb Vrbo
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)
Airbnb

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Life on the River at the Cabin Cabin A/C Free parking Pets OK Wifi +5	4 bd · 2 ba · sleeps 8	$52,284	$280	51%	4.9★ (91)	0.6 mi	Airbnb Vrbo
The Huff House on Boardtown House A/C Free parking Wifi Kitchen +2	3 bd · 2 ba · sleeps 6	$5,151	$253	6%	5★ (17)	0.6 mi	Airbnb

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

Purchase priceAlready furnishedTax bracketCount tax savings in returnsOnly if you can use the losses (STR loophole)

Est. revenue

$28,900

NOI

$12,149

Cash flow /mo

$1,012

Cash needed

$434,460

Cash-on-cash (all cash)

2.8%

ROE (yr 1)

5.6%

Cap rate

3.0%

DSCR

—

Year-1 write-off

$105,904

Year-1 tax shield @ 32%

$33,889

Year-1 return on equity

Cash flow (annual)$12,149
Principal paydown (n/a, cash)$0
Appreciation at%$11,970

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)$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

Purchase price (all cash)$399,000
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.

5-year property$79,400

Kitchen cabinetsdefault
$9,000 new × 40% good × 2.84 allocation
$10,200
Kitchen countertopsdefault
$7,400 new × 40% good × 2.84 allocation
$8,400
Decorative trimdefault
$2,600 new × 40% good × 2.84 allocation
$2,900
Mirrorsdefault
$200 new × 40% good × 2.84 allocation
$200
Shelvingdefault
$1,200 new × 40% good × 2.84 allocation
$1,400
Window coverings (15)default
$3,800 new × 40% good × 2.84 allocation
$4,300
Carpet, vinyl & laminate (100% of floors)listing
$9,400 new × 40% good × 2.84 allocation
$10,700
Kitchen & laundry equipment plumbingdefault
$7,000 new × 40% good × 2.84 allocation
$8,000
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 40% good × 2.84 allocation
$4,800
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.84 allocation
$9,200
Furniture bought newlisting
$19,500 new × 100% good · bought separately
$19,500

15-year land improvements$26,200

Paving: driveway & walks (paved)default
$7,900 new × 50% good × 2.84 allocation
$11,300
Landscaping (typical)default
$7,600 new × 50% good × 2.84 allocation
$10,800
Patiosdefault
$1,400 new × 50% good × 2.84 allocation
$2,100
Decks & porches (attached)default
$1,400 new × 50% good × 2.84 allocation
$2,100

Building, 39-year$252,400

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$158,600 new × 40% good × 2.84 allocation
$180,100
Building plumbing & fixturesdefault
$16,400 new × 40% good × 2.84 allocation
$18,700
Building electrical & lightingdefault
$15,800 new × 40% good × 2.84 allocation
$18,000
HVACdefault
$16,500 new × 40% good × 2.84 allocation
$18,700
Septic systemlisting
$12,000 new × 50% good × 2.84 allocation
$17,000

About the property

Sold furnishedGame roomHot tubPoolDeckDrivewayLandscapingFencedIrrigationLong-term rental (27.5-yr)Carpet / vinyl / laminate %Placed in serviceClosing costs $ (adds to basis)Land %Bonus depreciation %

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.