63 Wall St
Ellijay, GA 30540
$624,900
3 bd · 2.5 ba · 2,349 sqft · Listed today
View on Realtor.com →Year built
2001
Sqft
2,349
Lot sqft
304,920
HOA / mo
None
Furnished
No
List date
2026-10-12T02:36:08.000000Z
Revenue
Annual revenue
$43,285
ADR
$186
Occupancy
64%
Cleaning fees (12 mo)
$8,524
Confidence
Med (68.41), 8 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $37,900
Gorgeous Mountain Cabin with Jacuzzi and Lovely Living Spaces in Georgia
Vacation home · 2 bd · 2 ba · sleeps 5 · 0.7 mi
Revenue $25,141ADR $203Occ ≈ 34%—
Nativa | Sleeps 4 | Hot Tub | Pet Friendly | Mountain Views & Fenced Yard
Cabin · 2 bd · 2 ba · sleeps 4 · 0.7 mi
Revenue $35,700ADR $226Occ ≈ 43%4.8★ (160)
Peaceful Mtn Escape-Hot Tub-Trails-Pet Friendly
Vacation home · 3 bd · 1 ba · sleeps 6 · 0.7 mi
Revenue $30,544ADR $164Occ ≈ 51%4.1★ (5)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Sunset Views + New Hot Tub | Ellijay & Blue Ridge Cabin | 2 bd · 1 ba · sleeps 4 | $46,978 | $202 | 64% | 5★ (73) | 0.6 mi | AirbnbVrbo |
Gorgeous Mountain Cabin with Jacuzzi and Lovely Living Spaces in Georgia Vacation home | 2 bd · 2 ba · sleeps 5 | $25,141 | $203 | 34% | — | 0.7 mi | Booking |
Peaceful Secluded Cabin •Hot Tub •Creek •Fire Pit Cabin | 2 bd · 1 ba · sleeps 4 | $33,546 | $219 | 42% | 5★ (29) | 0.7 mi | AirbnbVrbo |
Fall Getaway: HotTub, Views, 2 Kings & Firepit Cabin | 2 bd · 2 ba · sleeps 5 | $62,257 | $217 | 79% | 4.9★ (232) | 0.7 mi | AirbnbVrboBooking |
Sunset Ridge -huge outdoor fireplace, hot tub Cabin | 4 bd · 3 ba · sleeps 8 | $40,100 | $314 | 35% | 4.5★ (111) | 0.7 mi | AirbnbBooking |
Nativa | Sleeps 4 | Hot Tub | Pet Friendly | Mountain Views & Fenced Yard Cabin | 2 bd · 2 ba · sleeps 4 | $35,700 | $226 | 43% | 4.8★ (160) | 0.7 mi | Vrbo |
Peaceful Mtn Escape-Hot Tub-Trails-Pet Friendly Vacation home | 3 bd · 1 ba · sleeps 6 | $30,544 | $164 | 51% | 4.1★ (5) | 0.7 mi | Booking |
*Peaceful Mtn Escape|Hot Tub*Trails*Pet Friendly* Cabin | 2 bd · 1 ba · sleeps 6 | $57,424 | $227 | 69% | 4.8★ (60) | 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
Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$43,285
NOI
$19,700
Cash flow /mo
-$1,846
Cash needed
$206,721
Cash-on-cash
-10.7%
ROE (yr 1)
0.2%
Cap rate
3.2%
DSCR
0.47
Year-1 write-off
$128,420
Year-1 tax shield @ 32%
$41,095
Year-1 return on equity
- Cash flow (annual)-$22,157
- Principal paydown$3,800
- Appreciation at%$18,747
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)$8,657
- Platform fees (3% of revenue)$1,299
- Maintenance / capex (5% of revenue)$2,164
- Utilities & supplies$4,200
- HOA$0
- Property tax$516
- Insurance (STR-rated)$6,749
Cash needed to close
- Down payment (25%)$156,225
- Closing costs (4.0%)$24,996
- Furnishing (bought new)$25,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$41,095
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
$516,000
Short-life (5/15-yr)
$102,000 · 20%
Year-1 deduction
$128,000
Year-1 tax shield @ 32%
$41,000
Land 17% (county tax record, market value split) · building $413,000 over 39 years · new furniture $26,000
Based on: 2,349 sq ft, built 2001, 3 bd / 2.5 ba, unfurnished, listing features (deck, game room, fireplace, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $79,000 in year 1 (10% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,200
Kitchen cabinetsdefault
$10,900 new × 40% good × 2.11 allocation
- $7,500
Kitchen countertopsdefault
$9,000 new × 40% good × 2.11 allocation
- $3,500
Decorative trimdefault
$4,100 new × 40% good × 2.11 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.11 allocation
- $1,000
Shelvingdefault
$1,200 new × 40% good × 2.11 allocation
- $4,800
Window coverings (23)default
$5,800 new × 40% good × 2.11 allocation
- $6,400
Carpet, vinyl & laminate (50% of floors)listing
$7,600 new × 40% good × 2.11 allocation
- $9,000
Kitchen & laundry equipment plumbingdefault
$8,500 new × 50% good × 2.11 allocation
- $5,400
Kitchen, laundry & data equipment electricaldefault
$5,100 new × 50% good × 2.11 allocation
- $4,400
Appliances (dishwasher, refrigerator, washer, dryer)listing
$5,200 new × 40% good × 2.11 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $10,600
Paving: driveway & walks (paved)listing
$10,000 new × 50% good × 2.11 allocation
- $10,200
Landscaping (typical)default
$9,700 new × 50% good × 2.11 allocation
- $2,400
Patiosdefault
$2,300 new × 50% good × 2.11 allocation
- $27,800
Decks & porches (attached)listing
$26,400 new × 50% good × 2.11 allocation
- $313,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$255,200 new × 58% good × 2.11 allocation
- $27,900
Building plumbing & fixturesdefault
$26,500 new × 50% good × 2.11 allocation
- $28,500
Building electrical & lightingdefault
$27,000 new × 50% good × 2.11 allocation
- $22,300
HVACdefault
$26,500 new × 40% good × 2.11 allocation
- $6,400
Hardwood & tile floorsdefault
$7,600 new × 40% good × 2.11 allocation
- $2,200
Fireplacelisting
$2,600 new × 40% good × 2.11 allocation
- $12,600
Septic systemlisting
$12,000 new × 50% good × 2.11 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $77,000 | $51,000 | $400 | $128,400 |
| 2 | $0 | $0 | $10,600 | $10,600 |
| 3 | $0 | $0 | $10,600 | $10,600 |
| 4 | $0 | $0 | $10,600 | $10,600 |
| 5 | $0 | $0 | $10,600 | $10,600 |
| 6+ | $0 | $0 | $370,400 | $370,400 |
| Total | $77,000 | $51,000 | $413,200 | $541,200 |
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.