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63 Wall St

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)

$32,796$37,900$49,590

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

Median revenue of shown comps: $37,900

  • Sunset Views + New Hot Tub | Ellijay & Blue Ridge

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.6 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $46,978ADR $202Occ ≈ 64%5★ (73)

    AirbnbVrbo

  • 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%—

    Booking

  • Peaceful Secluded Cabin •Hot Tub •Creek •Fire Pit

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.7 mi

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

    Revenue $33,546ADR $219Occ ≈ 42%5★ (29)

    AirbnbVrbo

  • Fall Getaway: HotTub, Views, 2 Kings & Firepit

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.7 mi

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

    Revenue $62,257ADR $217Occ ≈ 79%4.9★ (232)

    AirbnbVrboBooking

  • Sunset Ridge -huge outdoor fireplace, hot tub

    Cabin · 4 bd · 3 ba · sleeps 8 · 0.7 mi

    Revenue $40,100ADR $314Occ ≈ 35%4.5★ (111)

    AirbnbBooking

  • Nativa | Sleeps 4 | Hot Tub | Pet Friendly | Mountain Views & Fenced Yard

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.7 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $35,700ADR $226Occ ≈ 43%4.8★ (160)

    Vrbo

  • 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)

    Booking

  • *Peaceful Mtn Escape|Hot Tub*Trails*Pet Friendly*

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.7 mi

    Revenue $57,424ADR $227Occ ≈ 69%4.8★ (60)

    AirbnbBooking

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

$43,285

NOI

$19,700

Cash flow /mo

$1,642

Cash needed

$675,396

Cash-on-cash (all cash)

2.9%

ROE (yr 1)

5.7%

Cap rate

3.2%

DSCR

—

Year-1 write-off

$128,420

Year-1 tax shield @ 32%

$41,095

Year-1 return on equity

  • Cash flow (annual)$19,700
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$18,747
ROE5.7%

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

  • Purchase price (all cash)$624,900
  • 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.

5-year property$77,000

  • Kitchen cabinetsdefault

    $10,900 new × 40% good × 2.11 allocation

    $9,200

  • Kitchen countertopsdefault

    $9,000 new × 40% good × 2.11 allocation

    $7,500

  • Decorative trimdefault

    $4,100 new × 40% good × 2.11 allocation

    $3,500

  • Mirrorsdefault

    $300 new × 40% good × 2.11 allocation

    $300

  • Shelvingdefault

    $1,200 new × 40% good × 2.11 allocation

    $1,000

  • Window coverings (23)default

    $5,800 new × 40% good × 2.11 allocation

    $4,800

  • Carpet, vinyl & laminate (50% of floors)listing

    $7,600 new × 40% good × 2.11 allocation

    $6,400

  • Kitchen & laundry equipment plumbingdefault

    $8,500 new × 50% good × 2.11 allocation

    $9,000

  • Kitchen, laundry & data equipment electricaldefault

    $5,100 new × 50% good × 2.11 allocation

    $5,400

  • Appliances (dishwasher, refrigerator, washer, dryer)listing

    $5,200 new × 40% good × 2.11 allocation

    $4,400

  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500

  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$51,000

  • Paving: driveway & walks (paved)listing

    $10,000 new × 50% good × 2.11 allocation

    $10,600

  • Landscaping (typical)default

    $9,700 new × 50% good × 2.11 allocation

    $10,200

  • Patiosdefault

    $2,300 new × 50% good × 2.11 allocation

    $2,400

  • Decks & porches (attached)listing

    $26,400 new × 50% good × 2.11 allocation

    $27,800
Building, 39-year$413,200

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

    $255,200 new × 58% good × 2.11 allocation

    $313,400

  • Building plumbing & fixturesdefault

    $26,500 new × 50% good × 2.11 allocation

    $27,900

  • Building electrical & lightingdefault

    $27,000 new × 50% good × 2.11 allocation

    $28,500

  • HVACdefault

    $26,500 new × 40% good × 2.11 allocation

    $22,300

  • Hardwood & tile floorsdefault

    $7,600 new × 40% good × 2.11 allocation

    $6,400

  • Fireplacelisting

    $2,600 new × 40% good × 2.11 allocation

    $2,200

  • Septic systemlisting

    $12,000 new × 50% good × 2.11 allocation

    $12,600

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
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.