1503 Garnet Dr
Ellijay, GA 30540
$699,000
4 bd · 3 ba · 3,237 sqft · Listed 3d ago
View on Realtor.com →Year built
2006
Sqft
3,237
Lot sqft
25,700
HOA / mo
None
Furnished
Yes
List date
2026-09-24T15:04:36.000000Z
Revenue
Annual revenue
$39,642
ADR
$277
Occupancy
39%
Cleaning fees (12 mo)
$5,258
Confidence
Low (25.63), 34 comps
Comp revenue range (p25 / median / p75)
Mountain Retreat with a Game Room, Firepit, & Shared Resort Amenities
Cabin · 4 bd · 3 ba · sleeps 8 · 0.2 mi
Revenue $8,099ADR $295Occ ≈ 8%4.7★ (18)
Scenic escape near town with firepit, 3 decks, game room & shared pool
House · 4 bd · 3 ba · sleeps 8 · 0.4 mi
Revenue $35,689ADR $187Occ ≈ 52%4.5★ (12)
New cozy 4-bedroom cabin with AC/fireplace/firepit/hottub in charming Ellijay
Cabin · 4 bd · 2.5 ba · sleeps 8 · 0.4 mi
Revenue $10,956ADR $280Occ ≈ 11%5★ (0)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
NEW! ''Deer Woods Lodge'' - Hot Tub & Fire Pit! Cabin | 4 bd · 3 ba · sleeps 10 | $49,605 | $328 | 41% | 4.8★ (73) | 59 ft | VrboBooking |
Mountain Retreat with a Game Room, Firepit, & Shared Resort Amenities Cabin | 4 bd · 3 ba · sleeps 8 | $8,099 | $295 | 8% | 4.7★ (18) | 0.2 mi | Vrbo |
Cabin in Ellijay, GA Cabin | 4 bd · 2 ba · sleeps 14 | $2,450 | $227 | 3% | 5★ (1) | 0.2 mi | AirbnbVrbo |
NEW! Cozy Cabin Mtn Getaway w/ Real Hunting mounts Cabin | 4 bd · 3.5 ba · sleeps 5 | $3,412 | $241 | 4% | — | 0.3 mi | AirbnbBooking |
Cabin Hideaway Ellijay House | 4 bd · 3 ba · sleeps 8 | $6,374 | $205 | 9% | 4.2★ (18) | 0.3 mi | AirbnbVrboBooking |
Whisperbend Lodge | Ellijay, GA Cabin | 4 bd · 3 ba · sleeps 14 | $104,403 | $690 | 41% | 5★ (6) | 0.4 mi | AirbnbVrbo |
Scenic escape near town with firepit, 3 decks, game room & shared pool House | 4 bd · 3 ba · sleeps 8 | $35,689 | $187 | 52% | 4.5★ (12) | 0.4 mi | Vrbo |
Private Pool, Hot Tub, Fire Pit, Dogs w/Fee Cabin | 4 bd · 2 ba · sleeps 10 | $53,975 | $275 | 54% | 5★ (69) | 0.4 mi | AirbnbVrbo |
Cozy RIVER Escape! Heated POOL/Sauna/Fish/Tennis Cabin | 4 bd · 3 ba · sleeps 8 | $53,492 | $301 | 49% | 5★ (27) | 0.4 mi | AirbnbVrbo |
New cozy 4-bedroom cabin with AC/fireplace/firepit/hottub in charming Ellijay Cabin | 4 bd · 2.5 ba · sleeps 8 | $10,956 | $280 | 11% | 5★ (0) | 0.4 mi | Vrbo |
Show all 34 comps
TheCozyCarlisle-hottub, above river, 2 living rms
Cabin · 4 bd · 2.5 ba · sleeps 8 · 0.6 mi
Revenue $27,072ADR $313Occ ≈ 24%5★ (16)
5 STAR | HotTub | GameRm | Firepit | ResortAccess
Cabin · 4 bd · 3 ba · sleeps 10 · 0.6 mi
Revenue $40,315ADR $314Occ ≈ 35%5★ (129)
Luxury Mountain Escape
Cabin · 4 bd · 3 ba · sleeps 8 · 0.7 mi
Revenue $3,091ADR $217Occ ≈ 4%5★ (2)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Your Get Away in Ellijay- River Resort w/ Hot Tub! Cabin | 4 bd · 3 ba · sleeps 8 | $61,104 | $337 | 50% | 4.7★ (63) | 0.5 mi | AirbnbVrboBooking |
Hot tub/Arcade/75"TV/7min Ellijay 21min BlueRidge Cabin | 4 bd · 3 ba · sleeps 7 | $18,835 | $243 | 21% | 5★ (11) | 0.5 mi | AirbnbVrbo |
Mountain River Escape Cabin | 4 bd · 3.5 ba · sleeps 10 | $61,578 | $428 | 39% | 5★ (119) | 0.5 mi | AirbnbVrbo |
Stylish cabin-resort pool, mini golf, river access Cabin | 4 bd · 2 ba · sleeps 10 | $24,857 | $230 | 30% | 4.9★ (55) | 0.6 mi | AirbnbVrbo |
TheCozyCarlisle-hottub, above river, 2 living rms Cabin | 4 bd · 2.5 ba · sleeps 8 | $27,072 | $313 | 24% | 5★ (16) | 0.6 mi | Airbnb |
5 STAR | HotTub | GameRm | Firepit | ResortAccess Cabin | 4 bd · 3 ba · sleeps 10 | $40,315 | $314 | 35% | 5★ (129) | 0.6 mi | Airbnb |
Family Cabin in Ellijay • Hot Tub • Relax & Unwind Cabin | 4 bd · 3.5 ba · sleeps 12 | $27,463 | $318 | 24% | 4.7★ (13) | 0.6 mi | AirbnbVrbo |
Upscale Coosawattee Cabin w/ Hot Tub & Fire Pit! Cabin | 4 bd · 3.5 ba · sleeps 12 | $15,098 | $343 | 12% | 4.8★ (35) | 0.6 mi | AirbnbVrboBooking |
River Resort Cabin | Game Room, Fire Pit & Tubes Cabin | 4 bd · 2 ba · sleeps 7 | $3,285 | $298 | 3% | 5★ (3) | 0.6 mi | AirbnbVrboBooking |
ON THE RIVER! Running Deer Riverfront Cabin Cabin | 4 bd · 3 ba · sleeps 12 | $23,016 | $381 | 17% | 5★ (9) | 0.7 mi | AirbnbVrbo |
Riverfront • Pets • Fire Pit • Free Night Cabin | 4 bd · 3 ba · sleeps 10 | $55,717 | $364 | 42% | 5★ (48) | 0.7 mi | AirbnbVrbo |
Serenity Moon, a Spacious Cabin in Coosawattee Riv Cabin | 4 bd · 3 ba · sleeps 10 | $62,272 | $263 | 65% | 4.9★ (92) | 0.7 mi | AirbnbVrboBooking |
Five Star+Cozy Luxury+Hot Tub+Game Room+Fire Pit Cabin | 4 bd · 3.5 ba · sleeps 10 | $22,434 | $351 | 18% | 4.8★ (17) | 0.7 mi | AirbnbVrboBooking |
3 Kings, HotTub, Pool Table, Resort Pools Cabin | 4 bd · 3 ba · sleeps 10 | $57,966 | $265 | 60% | 5★ (151) | 0.7 mi | AirbnbVrbo |
Luxury Mountain Escape Cabin | 4 bd · 3 ba · sleeps 8 | $3,091 | $217 | 4% | 5★ (2) | 0.7 mi | Airbnb |
Relaxing 4 Bedroom Riverside Cabin Cabin | 4 bd · 2.5 ba · sleeps 10 | $21,938 | $217 | 28% | 4.8★ (67) | 0.7 mi | AirbnbVrbo |
Pet friendly cabin w/ hot tub, fire place & views! Cabin | 4 bd · 3.5 ba · sleeps 10 | $10,282 | $307 | 9% | 4.9★ (22) | 0.7 mi | AirbnbVrbo |
Jagged Owl | Coosawattee River Resort Cabin | 4 bd · 3 ba · sleeps 10 | $41,468 | $308 | 37% | 4.8★ (57) | 0.7 mi | AirbnbVrbo |
4BR Cozy Cabin in Ellijay • Pets Welcome • Hot Tub House | 4 bd · 4 ba · sleeps 15 | $17,271 | $404 | 12% | 4.2★ (31) | 0.7 mi | AirbnbBooking |
Ellijay Mountain + River View Retreat | Hot Tub House | 4 bd · 4 ba · sleeps 15 | $37,387 | $349 | 29% | 3.4★ (3) | 0.7 mi | AirbnbVrboBooking |
Ellijay Summer Escape | Hot Tub & Pets - Sleeps 15 House | 4 bd · 4 ba · sleeps 15 | $36,856 | $335 | 30% | 4.2★ (26) | 0.7 mi | AirbnbVrbo |
Hideaway in the Woods Cabin | 4 bd · 3 ba · sleeps 8 | $33,003 | $301 | 30% | 5★ (6) | 0.7 mi | AirbnbVrbo |
River Resort Retreat | Hot Tub & Game Room | Pets Cabin | 4 bd · 3 ba · sleeps 10 | $4,065 | $305 | 4% | 5★ (2) | 0.8 mi | AirbnbVrboBooking |
Cabin at Doe Hill Cabin | 4 bd · 3 ba · sleeps 8 | $30,084 | $349 | 24% | 5★ (4) | 0.8 mi | 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
Est. revenue
$39,642
NOI
$13,459
Cash flow /mo
$1,122
Cash needed
$726,960
Cash-on-cash (all cash)
1.9%
ROE (yr 1)
4.7%
Cap rate
1.9%
DSCR
—
Year-1 write-off
$136,760
Year-1 tax shield @ 32%
$43,763
Year-1 return on equity
- Cash flow (annual)$13,459
- Principal paydown (n/a, cash)$0
- Appreciation at%$20,970
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$7,928
- Platform fees (3% of revenue)$1,189
- Maintenance / capex (5% of revenue)$1,982
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,334
- Insurance (STR-rated)$7,549
Cash needed to close
- Purchase price (all cash)$699,000
- Closing costs (4.0%)$27,960
- Furnishing (conveyed with the sale)$0
Tax savings if the STR loophole applies
- Tax shield @ 32%$43,763
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
$688,000
Short-life (5/15-yr)
$135,000 · 20%
Year-1 deduction
$137,000
Year-1 tax shield @ 32%
$44,000
Land 2% (county tax record, market value split) · building $553,000 over 39 years
Based on: 3,237 sq ft, built 2006, 4 bd / 3 ba, furnished, listing features (hot tub, deck, game room, fireplace, stone counters, flooring types, appliance list, septic).
IRS-guide safe-harbor floor: $80,000 in year 1 (11% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,300
Kitchen cabinetsdefault
$12,900 new × 40% good × 1.80 allocation
- $9,500
Kitchen countertops (stone)listing
$13,200 new × 40% good × 1.80 allocation
- $4,100
Decorative trimdefault
$5,700 new × 40% good × 1.80 allocation
- $300
Mirrorsdefault
$500 new × 40% good × 1.80 allocation
- $1,100
Shelvingdefault
$1,500 new × 40% good × 1.80 allocation
- $5,800
Window coverings (32)default
$8,000 new × 40% good × 1.80 allocation
- $5,000
Carpet, vinyl & laminate (33% of floors)listing
$6,900 new × 40% good × 1.80 allocation
- $10,800
Kitchen & laundry equipment plumbingdefault
$10,000 new × 60% good × 1.80 allocation
- $6,500
Kitchen, laundry & data equipment electricaldefault
$6,100 new × 60% good × 1.80 allocation
- $5,500
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 1.80 allocation
- $6,500
Hot tub (freestanding)listing
$9,000 new × 40% good × 1.80 allocation
- $9,200
Furniture conveyed with the sale (used)listing
$23,000 new × 40% good · out of the price
- $2,400
Game-room equipment (used)listing
$6,000 new × 40% good · out of the price
- $13,300
Paving: driveway & walks (paved)default
$14,700 new × 50% good × 1.80 allocation
- $10,200
Landscaping (typical)default
$11,300 new × 50% good × 1.80 allocation
- $2,900
Patiosdefault
$3,200 new × 50% good × 1.80 allocation
- $32,700
Decks & porches (attached)listing
$36,400 new × 50% good × 1.80 allocation
- $421,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$351,700 new × 67% good × 1.80 allocation
- $39,400
Building plumbing & fixturesdefault
$36,500 new × 60% good × 1.80 allocation
- $41,300
Building electrical & lightingdefault
$38,300 new × 60% good × 1.80 allocation
- $26,200
HVACdefault
$36,500 new × 40% good × 1.80 allocation
- $10,000
Hardwood & tile floorsdefault
$13,900 new × 40% good × 1.80 allocation
- $3,800
Fireplaces (2)listing
$5,300 new × 40% good × 1.80 allocation
- $10,800
Septic systemlisting
$12,000 new × 50% good × 1.80 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $75,900 | $59,000 | $1,800 | $136,800 |
| 2 | $0 | $0 | $14,200 | $14,200 |
| 3 | $0 | $0 | $14,200 | $14,200 |
| 4 | $0 | $0 | $14,200 | $14,200 |
| 5 | $0 | $0 | $14,200 | $14,200 |
| 6+ | $0 | $0 | $494,400 | $494,400 |
| Total | $75,900 | $59,000 | $552,900 | $687,900 |
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: Georgia disallows 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.