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509 Ponderosa Rd

509 Ponderosa Rd

Ellijay, GA 30540

$550,000

3 bd · 3 ba · 1,964 sqft · Listed 57d ago

View on Realtor.com →

Year built

1985

Sqft

1,964

Lot sqft

94,090

HOA / mo

$0

Furnished

No

List date

2026-09-16T17:45:03.000000Z

Revenue

Annual revenue

$54,039

ADR

$267

Occupancy

55%

Cleaning fees (12 mo)

$11,540

Confidence

Med (55.04), 10 comps

Comp revenue range (p25 / median / p75)

$46,691$54,520$71,413

Median revenue of shown comps: $54,520

  • Best of Both Worlds, Minutes to Ellijay, Sleeps 8

    House · 3 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $6,397ADR $246Occ ≈ 7%5★ (67)

    Airbnb

  • Secluded Cabin w/ Rushing Creek Sound & Hot Tub

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.2 mi

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

    Revenue $92,283ADR $352Occ ≈ 72%—

    Vrbo

  • Troutin` Along | Ellijay, GA

    Cabin · 3 bd · 2.5 ba · sleeps 6 · 0.3 mi

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

    Revenue $58,605ADR $348Occ ≈ 46%5★ (21)

    AirbnbVrbo

  • Hide'n Go Creek-Waterfront, Hot tub, firepit

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.4 mi

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

    Revenue $49,849ADR $305Occ ≈ 45%4.8★ (199)

    AirbnbVrboBooking

  • Grand Slam Riverhouse | Family-Friendly Riverfront

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.4 mi

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

    Revenue $57,501ADR $349Occ ≈ 45%4.8★ (23)

    AirbnbVrbo

  • Scenic River Retreat with Hot Tub & Spacious Deck

    Cabin · 3 bd · 2.5 ba · sleeps 7 · 0.5 mi

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

    Revenue $45,638ADR $206Occ ≈ 61%4.9★ (71)

    Airbnb

  • RIVERFRONT CABIN with Private Hot Tub!

    Cabin · 3 bd · 2.5 ba · sleeps 7 · 0.6 mi

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

    Revenue $82,645ADR $284Occ ≈ 80%4.8★ (170)

    Airbnb

  • Trout Tales Riverfront Lodge-DeckedOUT|Hottub|Dog

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.6 mi

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

    Revenue $75,682ADR $375Occ ≈ 55%5★ (85)

    AirbnbVrboBooking

  • No Neighbors | Peaceful Escape + Fireside Vibes

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    • Free parking
    • Pets OK
    • Wifi
    • Kitchen
    • +2

    Revenue $33,100ADR $182Occ ≈ 50%5★ (36)

    AirbnbVrbo

  • Cozy Creek Side Cabin

    Cabin · 3 bd · 3 ba · sleeps 9 · 0.8 mi

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

    Revenue $51,539ADR $211Occ ≈ 67%5★ (132)

    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

$54,039

NOI

$26,804

Cash flow /mo

$2,234

Cash needed

$591,500

Cash-on-cash (all cash)

4.5%

ROE (yr 1)

7.3%

Cap rate

4.9%

DSCR

—

Year-1 write-off

$81,736

Year-1 tax shield @ 32%

$26,156

Year-1 return on equity

  • Cash flow (annual)$26,804
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$16,500
ROE7.3%

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)$10,808
  • Platform fees (3% of revenue)$1,621
  • Maintenance / capex (5% of revenue)$2,702
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$1,964
  • Insurance (STR-rated)$5,940

Cash needed to close

  • Purchase price (all cash)$550,000
  • Closing costs (4.0%)$22,000
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$26,156

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

$353,000

Short-life (5/15-yr)

$61,000 · 17%

Year-1 deduction

$82,000

Year-1 tax shield @ 32%

$26,000

Land 36% (county tax record, market value split) · building $291,000 over 39 years · new furniture $20,000

Based on: 1,964 sq ft, built 1985, 3 bd / 3 ba, unfurnished, listing features (fireplace, flooring types, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $57,000 in year 1 (10% short-life, $18,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$60,200

  • Kitchen cabinetsdefault

    $10,100 new × 40% good × 2.35 allocation

    $9,500

  • Kitchen countertopsdefault

    $8,300 new × 40% good × 2.35 allocation

    $7,800

  • Decorative trimdefault

    $3,400 new × 40% good × 2.35 allocation

    $3,200

  • Mirrorsdefault

    $500 new × 40% good × 2.35 allocation

    $400

  • Shelvingdefault

    $1,200 new × 40% good × 2.35 allocation

    $1,100

  • Window coverings (20)default

    $5,000 new × 40% good × 2.35 allocation

    $4,700

  • Kitchen & laundry equipment plumbingdefault

    $7,900 new × 40% good × 2.35 allocation

    $7,400

  • Kitchen, laundry & data equipment electricaldefault

    $4,800 new × 40% good × 2.35 allocation

    $4,500

  • Appliances (refrigerator)listing

    $2,200 new × 40% good × 2.35 allocation

    $2,100

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$20,600

  • Paving: driveway & walks (paved)default

    $9,200 new × 50% good × 2.35 allocation

    $10,800

  • Landscaping (minimal)listing

    $4,400 new × 50% good × 2.35 allocation

    $5,200

  • Patiosdefault

    $1,900 new × 50% good × 2.35 allocation

    $2,300

  • Decks & porches (attached)default

    $1,900 new × 50% good × 2.35 allocation

    $2,300
Building, 39-year$291,400

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

    $212,900 new × 40% good × 2.35 allocation

    $200,400

  • Building plumbing & fixturesdefault

    $22,100 new × 40% good × 2.35 allocation

    $20,800

  • Building electrical & lightingdefault

    $22,200 new × 40% good × 2.35 allocation

    $20,900

  • HVACdefault

    $22,100 new × 40% good × 2.35 allocation

    $20,800

  • Hardwood & tile floorsdefault

    $12,600 new × 40% good × 2.35 allocation

    $11,900

  • Fireplacelisting

    $2,600 new × 40% good × 2.35 allocation

    $2,500

  • Septic systemlisting

    $12,000 new × 50% good × 2.35 allocation

    $14,100

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$60,200$20,600$900$81,700
2$0$0$7,500$7,500
3$0$0$7,500$7,500
4$0$0$7,500$7,500
5$0$0$7,500$7,500
6+$0$0$260,600$260,600
Total$60,200$20,600$291,400$372,200

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.