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231 Westwoods Dr

231 Westwoods Dr

Ellijay, GA 30540

$1,089,000

5 bd · 5 ba · 7,198 sqft · Listed today

View on Realtor.com →

Year built

2000

Sqft

7,198

Lot sqft

58,806

HOA / mo

None

Furnished

No

List date

2026-10-13T01:24:20.000000Z

Revenue

Annual revenue

$50,260

ADR

$295

Occupancy

47%

Cleaning fees (12 mo)

$8,733

Confidence

Low (41.91), 20 comps

Comp revenue range (p25 / median / p75)

$24,202$43,094$58,809

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

Median revenue of shown comps: $43,094

  • Enchanted Ridge Retreat

    House · 4 bd · 3.5 ba · sleeps 10 · 0.2 mi

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

    Revenue $64,615ADR $301Occ ≈ 59%5★ (106)

    AirbnbVrbo

  • Crescent Moon on the River

    Vacation home · 4 bd · 3 ba · sleeps 10 · 0.8 mi

    Revenue $69,574ADR $552Occ ≈ 35%—

    Booking

  • *NEW*Deer Hart•Family•Game Room•Wineries •Hiking

    House · 4 bd · 3 ba · sleeps 14 · 0.9 mi

    Revenue $58,777ADR $347Occ ≈ 46%5★ (19)

    AirbnbVrbo

  • Lakeview Lodge

    Cabin · 4 bd · 3 ba · sleeps 6 · 0.9 mi

    Revenue $21,784ADR $197Occ ≈ 30%4.5★ (62)

    AirbnbVrbo

  • Knight Mountain Stay

    House · 4 bd · 4.5 ba · sleeps 10 · 1.1 mi

    • A/C
    • Wifi
    • Kitchen
    • Washer
    • +1

    Revenue $7,814ADR $370Occ ≈ 6%4.5★ (7)

    Airbnb

  • Ellijay | Mountain Views | Hot Tub |Game Room

    House · 4 bd · 3 ba · sleeps 10 · 1.1 mi

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

    Revenue $56,144ADR $429Occ ≈ 36%5★ (16)

    AirbnbVrbo

  • Luxury Cabin with Mountain Views Near Downtown Ellijay, GA

    House · 4 bd · 5 ba · sleeps 10 · 1.1 mi

    Revenue $57,437ADR $356Occ ≈ 44%4.8★ (17)

    Delisted

  • Summit Comfort- Community Pool, Air Hockey, Views!

    Cabin · 4 bd · 3 ba · sleeps 8 · 1.1 mi

    Revenue $18,984ADR $373Occ ≈ 14%5★ (3)

    Airbnb

  • Cohutta Farms

    Farm stay · 4 bd · 3 ba · sleeps 8 · 1.5 mi

    Revenue $3,952ADR $242Occ ≈ 4%—

    Delisted

  • Riverfront Cabin — Hot Tub, Bar, & Fireplace

    Cabin · 4 bd · 4.5 ba · sleeps 10 · 1.7 mi

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

    Revenue $64,102ADR $506Occ ≈ 35%5★ (46)

    AirbnbVrbo

Show 10 more

  • A Great Escape, exterior fireplace, hot tub

    Cabin · 4 bd · 3.5 ba · sleeps 8 · 1.8 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $55,021ADR $357Occ ≈ 42%4.9★ (37)

    AirbnbVrboBooking

  • Lazy River | Ellijay, GA

    Cabin · 5 bd · 4 ba · sleeps 10 · 1.8 mi

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

    Revenue $102,329ADR $658Occ ≈ 43%5★ (6)

    AirbnbVrbo

  • Cool off in the River, or the Community pool.

    Cabin · 4 bd · 3.5 ba · sleeps 10 · 1.8 mi

    Revenue $47,064ADR $309Occ ≈ 42%4.6★ (103)

    Airbnb

  • Riverfront Escape | Hot Tub • Game Room • Fire Pit

    House · 4 bd · 3.5 ba · sleeps 10 · 1.8 mi

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

    Revenue $39,124ADR $500Occ ≈ 21%4.8★ (10)

    AirbnbVrboBooking

  • Deer Run Retreat Stay

    Cabin · 4 bd · 3 ba · sleeps 12 · 1.9 mi

    • Pool
    • A/C
    • Wifi
    • Kitchen
    • +3

    Revenue $36,657ADR $321Occ ≈ 31%4.4★ (80)

    AirbnbVrboBooking

  • Special! Private 7 acres pet friendly- Flat roads!

    Cabin · 4 bd · 3 ba · sleeps 10 · 2.0 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +6

    Revenue $58,903ADR $239Occ ≈ 68%4.8★ (199)

    AirbnbVrbo

  • It`s 5 O`clock Somewhere

    Cabin · 4 bd · 3 ba · sleeps 10 · 2.1 mi

    Revenue $32,241ADR $217Occ ≈ 41%4.5★ (42)

    AirbnbBooking

  • Modern Mountain Luxe: Hot Tub & Dream Porch

    House · 4 bd · 3 ba · sleeps 8 · 2.1 mi

    Revenue $35,839ADR $375Occ ≈ 26%4.9★ (11)

    AirbnbBooking

  • Beary Happy offers Extensive Game Room, Hot Tub, a

    Cabin · 4 bd · 3 ba · sleeps 8 · 2.1 mi

    Revenue $25,008ADR $320Occ ≈ 21%4.8★ (5)

    Delisted

  • Ella’s cabin

    House · 5 bd · 3 ba · sleeps 12 · 2.2 mi

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

    Revenue $5,957ADR $335Occ ≈ 5%5★ (2)

    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

$50,260

NOI

$18,645

Cash flow /mo

$1,554

Cash needed

$1,159,060

Cash-on-cash (all cash)

1.6%

ROE (yr 1)

4.4%

Cap rate

1.7%

DSCR

—

Year-1 write-off

$149,127

Year-1 tax shield @ 32%

$47,721

Year-1 return on equity

  • Cash flow (annual)$18,645
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$32,670
ROE4.4%

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)$10,052
  • Platform fees (3% of revenue)$1,508
  • Maintenance / capex (5% of revenue)$2,513
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$1,581
  • Insurance (STR-rated)$11,761

Cash needed to close

  • Purchase price (all cash)$1,089,000
  • Closing costs (4.0%)$43,560
  • Furnishing (bought new)$26,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$47,721

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

$1,045,000

Short-life (5/15-yr)

$122,000 · 12%

Year-1 deduction

$149,000

Year-1 tax shield @ 32%

$48,000

Land 4% (county tax record, market value split) · building $923,000 over 39 years · new furniture $27,000

Based on: 7,198 sq ft, built 2000, 5 bd / 5 ba, unfurnished, listing features (fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $108,000 in year 1 (8% short-life, $35,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$104,900

  • Kitchen cabinetsdefault

    $21,600 new × 40% good × 1.61 allocation

    $13,900

  • Kitchen countertopsdefault

    $17,700 new × 40% good × 1.61 allocation

    $11,400

  • Decorative trimdefault

    $12,600 new × 40% good × 1.61 allocation

    $8,100

  • Mirrorsdefault

    $800 new × 40% good × 1.61 allocation

    $500

  • Shelvingdefault

    $1,800 new × 40% good × 1.61 allocation

    $1,200

  • Window coverings (72)default

    $18,000 new × 40% good × 1.61 allocation

    $11,600

  • Carpet, vinyl & laminate (25% of floors)listing

    $11,600 new × 40% good × 1.61 allocation

    $7,400

  • Kitchen & laundry equipment plumbingdefault

    $16,800 new × 48% good × 1.61 allocation

    $13,000

  • Kitchen, laundry & data equipment electricaldefault

    $10,100 new × 48% good × 1.61 allocation

    $7,800

  • Appliances (range, microwave, dishwasher, refrigerator)listing

    $5,700 new × 40% good × 1.61 allocation

    $3,700

  • Furniture bought newlisting

    $26,500 new × 100% good · bought separately

    $26,500
15-year land improvements$43,200

  • Paving: driveway & walks (paved)default

    $17,600 new × 50% good × 1.61 allocation

    $14,100

  • Landscaping (typical)default

    $16,900 new × 50% good × 1.61 allocation

    $13,600

  • Patiosdefault

    $7,100 new × 50% good × 1.61 allocation

    $5,700

  • Decks & porches (attached)default

    $7,100 new × 50% good × 1.61 allocation

    $5,700

  • Gazebo / pergolalisting

    $5,000 new × 50% good × 1.61 allocation

    $4,000
Building, 39-year$923,200

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

    $783,900 new × 57% good × 1.61 allocation

    $714,300

  • Building plumbing & fixturesdefault

    $81,300 new × 48% good × 1.61 allocation

    $62,800

  • Building electrical & lightingdefault

    $88,500 new × 48% good × 1.61 allocation

    $68,300

  • HVACdefault

    $81,100 new × 40% good × 1.61 allocation

    $52,200

  • Hardwood & tile floorsdefault

    $34,700 new × 40% good × 1.61 allocation

    $22,300

  • Fireplaces (2)listing

    $5,300 new × 40% good × 1.61 allocation

    $3,400

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$104,900$43,200$1,000$149,100
2$0$0$23,700$23,700
3$0$0$23,700$23,700
4$0$0$23,700$23,700
5$0$0$23,700$23,700
6+$0$0$827,600$827,600
Total$104,900$43,200$923,200$1,071,400

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.