169 Elba Ct
Ellijay, GA 30540
$489,000
3 bd · 3.5 ba · 2,377 sqft · Listed 2d ago
View on Realtor.com →Year built
2005
Sqft
2,377
Lot sqft
58,370
HOA / mo
$132
Furnished
No
List date
2026-10-09T23:25:05.000000Z
Revenue
Annual revenue
$39,436
ADR
$235
Occupancy
46%
Cleaning fees (12 mo)
$9,392
Confidence
Med (52.51), 22 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $36,002
River Nest: large hot tub+kayaks+tubes+EV charger
Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.5 mi
Revenue $65,022ADR $413Occ ≈ 43%5★ (49)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Cozy Ellijay Cabin: Hot Tub, Yard, & Resort Access Cabin | 3 bd · 2.5 ba · sleeps 8 | $53,873 | $188 | 79% | 5★ (44) | 0.1 mi | AirbnbBooking |
Dog-Friendly | Hot Tub + Indoor Pool, Firepit Cabin
| 3 bd · 2.5 ba · sleeps 8 | $39,143 | $256 | 42% | 5★ (21) | 0.1 mi | AirbnbVrbo |
Hemlock Hideaway House
| 3 bd · 2.5 ba · sleeps 7 | $30,095 | $269 | 31% | 5★ (93) | 0.1 mi | AirbnbVrboBooking |
Cute 3/3 cabin: firepit, games, resort amenities! Cabin
| 3 bd · 3 ba · sleeps 8 | $25,863 | $226 | 31% | 4.9★ (34) | 0.3 mi | AirbnbVrbo |
Luxury Cabin w/ Hot Tub + Game Room, Sleeps 10 Cabin | 3 bd · 3 ba · sleeps 10 | $35,805 | $294 | 33% | 5★ (83) | 0.4 mi | AirbnbBooking |
Coosawattee River Resort Home Mins from Blue Ridge Cabin
| 3 bd · 3.5 ba · sleeps 8 | $24,294 | $226 | 29% | 4.7★ (96) | 0.4 mi | AirbnbVrboBooking |
Elkhorn Lodge - Coosawattee River Resort Cabin
| 3 bd · 3 ba · sleeps 8 | $42,888 | $224 | 52% | 5★ (76) | 0.4 mi | AirbnbVrboBooking |
River Nest: large hot tub+kayaks+tubes+EV charger Cabin | 3 bd · 2.5 ba · sleeps 8 | $65,022 | $413 | 43% | 5★ (49) | 0.5 mi | Airbnb |
Goose Rock: River Fun+Design Coolness+Apple Pie Cabin
| 3 bd · 2.5 ba · sleeps 6 | $37,348 | $338 | 30% | 5★ (135) | 0.5 mi | AirbnbVrbo |
Coosawattee Mountain Lodge | Sleeps 6 | Hot Tub House
| 3 bd · 3.5 ba · sleeps 8 | $22,728 | $370 | 17% | 5★ (5) | 0.5 mi | AirbnbVrbo |
Show 12 more
Pet-Friendly, Pool, Game Room & Hot tub & Firepit
Cabin · 3 bd · 3 ba · sleeps 8 · 0.5 mi
Revenue $54,088ADR $237Occ ≈ 63%4.9★ (58)
Deer Run | Coosawattee Resort Amenities
Cabin · 3 bd · 3 ba · sleeps 6 · 0.6 mi
Revenue $26,463ADR $269Occ ≈ 27%5★ (39)
Riverfront cabin, Game Room, Hot tub, Private
Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.7 mi
Revenue $9,288ADR $398Occ ≈ 6%4.8★ (69)
Delisted
Riverbend House
Cabin · 3 bd · 3 ba · sleeps 10 · 0.8 mi
Revenue $42,656ADR $350Occ ≈ 33%4.9★ (134)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Pet-Friendly, Pool, Game Room & Hot tub & Firepit Cabin | 3 bd · 3 ba · sleeps 8 | $54,088 | $237 | 63% | 4.9★ (58) | 0.5 mi | Airbnb |
Deer Run | Coosawattee Resort Amenities Cabin | 3 bd · 3 ba · sleeps 6 | $26,463 | $269 | 27% | 5★ (39) | 0.6 mi | Airbnb |
'The River Rest' Ellijay Cabin w/ Hot Tub! Cabin
| 3 bd · 3 ba · sleeps 10 | $30,675 | $307 | 27% | 4.9★ (58) | 0.7 mi | AirbnbVrboBooking |
Fully-Fenced w/Pool & Resort Access, Pet-Friendly Cabin
| 3 bd · 2.5 ba · sleeps 8 | $38,089 | $289 | 36% | 5★ (97) | 0.7 mi | AirbnbVrboBooking |
Fireplaces*Firepit*Hot Tub Lounge Deck*Game Room Cabin
| 3 bd · 3 ba · sleeps 10 | $55,221 | $296 | 51% | 4.9★ (131) | 0.7 mi | AirbnbVrbo |
Riverfront cabin, Game Room, Hot tub, Private Cabin | 3 bd · 2.5 ba · sleeps 10 | $9,288 | $398 | 6% | 4.8★ (69) | 0.7 mi | Delisted |
Riverview Hideaway | Dog-Friendly Riverview Cabin Cabin
| 3 bd · 2.5 ba · sleeps 8 | $23,436 | $404 | 16% | 4.8★ (32) | 0.7 mi | AirbnbVrbo |
Deer Haven-Hot Tub • Game Room • Outdoor Fireplace Cabin
| 3 bd · 3 ba · sleeps 6 | $36,198 | $280 | 35% | 5★ (13) | 0.7 mi | AirbnbVrbo |
River Retreat | Ellijay, Georgia Cabin
| 3 bd · 3 ba · sleeps 8 | $44,310 | $370 | 33% | 5★ (16) | 0.7 mi | AirbnbVrbo |
River Bend | Riverfront Views, Hot Tub & Game Room House
| 3 bd · 3 ba · sleeps 10 | $263 | $263 | 0% | — | 0.8 mi | AirbnbVrbo |
Riverbend House Cabin | 3 bd · 3 ba · sleeps 10 | $42,656 | $350 | 33% | 4.9★ (134) | 0.8 mi | Airbnb |
S'mours & Pours House
| 3 bd · 3.5 ba · sleeps 8 | $7,993 | $263 | 8% | 5★ (8) | 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
$39,436
NOI
$16,830
Cash flow /mo
$1,402
Cash needed
$534,060
Cash-on-cash (all cash)
3.2%
ROE (yr 1)
5.9%
Cap rate
3.4%
DSCR
—
Year-1 write-off
$101,785
Year-1 tax shield @ 32%
$32,571
Year-1 return on equity
- Cash flow (annual)$16,830
- Principal paydown (n/a, cash)$0
- Appreciation at%$14,670
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)$7,887
- Platform fees (3% of revenue)$1,183
- Maintenance / capex (5% of revenue)$1,972
- Utilities & supplies$4,200
- HOA$1,584
- Property tax$499
- Insurance (STR-rated)$5,281
Cash needed to close
- Purchase price (all cash)$489,000
- Closing costs (4.0%)$19,560
- Furnishing (bought new)$25,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$32,571
No county tax record split for property tax, insurance rate and the land/building split, so those use market defaults — edit the price above; 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
$416,000
Short-life (5/15-yr)
$76,000 · 18%
Year-1 deduction
$102,000
Year-1 tax shield @ 32%
$33,000
Land 15% (market default, no usable tax-record split) · building $340,000 over 39 years · new furniture $26,000
Based on: 2,377 sq ft, built 2005, 3 bd / 3.5 ba, unfurnished, listing features (deck, game room, fireplace, flooring types, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $65,000 in year 1 (9% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,800
Kitchen cabinetsdefault
$11,000 new × 40% good × 1.54 allocation
- $5,600
Kitchen countertopsdefault
$9,000 new × 40% good × 1.54 allocation
- $2,600
Decorative trimdefault
$4,200 new × 40% good × 1.54 allocation
- $300
Mirrorsdefault
$500 new × 40% good × 1.54 allocation
- $700
Shelvingdefault
$1,200 new × 40% good × 1.54 allocation
- $3,700
Window coverings (24)default
$6,000 new × 40% good × 1.54 allocation
- $6,300
Carpet, vinyl & laminate (67% of floors)listing
$10,200 new × 40% good × 1.54 allocation
- $7,700
Kitchen & laundry equipment plumbingdefault
$8,600 new × 58% good × 1.54 allocation
- $4,600
Kitchen, laundry & data equipment electricaldefault
$5,200 new × 58% good × 1.54 allocation
- $3,600
Appliances (microwave, dishwasher, refrigerator, washer, dryer)listing
$5,900 new × 40% good × 1.54 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
- $7,800
Paving: driveway & walks (paved)listing
$10,100 new × 50% good × 1.54 allocation
- $3,800
Landscaping (minimal)listing
$4,900 new × 50% good × 1.54 allocation
- $1,800
Patiosdefault
$2,300 new × 50% good × 1.54 allocation
- $20,600
Decks & porches (attached)listing
$26,700 new × 50% good × 1.54 allocation
- $259,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$258,100 new × 65% good × 1.54 allocation
- $24,000
Building plumbing & fixturesdefault
$26,800 new × 58% good × 1.54 allocation
- $24,500
Building electrical & lightingdefault
$27,400 new × 58% good × 1.54 allocation
- $16,500
HVACdefault
$26,800 new × 40% good × 1.54 allocation
- $3,100
Hardwood & tile floorsdefault
$5,100 new × 40% good × 1.54 allocation
- $3,300
Fireplaces (2)listing
$5,300 new × 40% good × 1.54 allocation
- $9,300
Septic systemlisting
$12,000 new × 50% good × 1.54 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $67,400 | $34,000 | $400 | $101,800 |
| 2 | $0 | $0 | $8,700 | $8,700 |
| 3 | $0 | $0 | $8,700 | $8,700 |
| 4 | $0 | $0 | $8,700 | $8,700 |
| 5 | $0 | $0 | $8,700 | $8,700 |
| 6+ | $0 | $0 | $304,500 | $304,500 |
| Total | $67,400 | $34,000 | $339,700 | $441,200 |
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.