138 Lucius Ln
Cherry Log, GA 30522
$649,000
3 bd · 3.5 ba · 3,040 sqft · Listed 3d ago
View on Realtor.com →Year built
2006
Sqft
3,040
Lot sqft
87,120
HOA / mo
$0
Furnished
No
List date
2026-10-08T20:20:47.000000Z
Revenue
Annual revenue
$51,833
ADR
$252
Occupancy
56%
Cleaning fees (12 mo)
$11,174
Confidence
Med (57.17), 9 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $47,585
Str License #003660 Longview - Hot Tub, Game
Cabin · 3 bd · 3.5 ba · sleeps 6 · 0.3 mi
Revenue $61,146ADR $318Occ ≈ 53%5★ (70)
A Bird’s Eye View: Hot Tub & Scenic Views
Cabin · 3 bd · 3 ba · sleeps 6 · 0.4 mi
Revenue $50,324ADR $255Occ ≈ 54%4.8★ (4)
Delisted
A Bird's Eye View - Pet-Friendly Cabin in Cherry Log
Cabin · 3 bd · 3 ba · sleeps 6 · 0.5 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +6
Revenue $9,654ADR $245Occ ≈ 11%—
5-Star Cabin-Best Views in GA-Hot Tub on deck-15 Min to Blue Ridge-Always Clean
Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.7 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $61,591ADR $213Occ ≈ 79%5★ (412)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Str License #003660 Longview - Hot Tub, Game Cabin | 3 bd · 3.5 ba · sleeps 6 | $61,146 | $318 | 53% | 5★ (70) | 0.3 mi | Airbnb |
Views | HotTub | GameRm | EV Charger | Paved Rds Cabin
| 3 bd · 3 ba · sleeps 6 | $81,809 | $300 | 75% | 5★ (71) | 0.4 mi | AirbnbVrbo |
A Bird’s Eye View: Hot Tub & Scenic Views Cabin | 3 bd · 3 ba · sleeps 6 | $50,324 | $255 | 54% | 4.8★ (4) | 0.4 mi | Delisted |
A Bird's Eye View - Pet-Friendly Cabin Mt Views Cabin
| 3 bd · 3 ba · sleeps 6 | $44,100 | $251 | 48% | 4.9★ (48) | 0.4 mi | AirbnbVrboBooking |
Leatherwood Lodge- Hot Tub, Fireplace, Views! Cabin
| 3 bd · 3 ba · sleeps 6 | $47,585 | $360 | 36% | 4.7★ (13) | 0.5 mi | AirbnbVrboBooking |
A Bird's Eye View - Pet-Friendly Cabin in Cherry Log Cabin
| 3 bd · 3 ba · sleeps 6 | $9,654 | $245 | 11% | — | 0.5 mi | Vrbo |
Secluded Mountain Retreat in the Blue Ridge, GA Cabin
| 3 bd · 3 ba · sleeps 6 | $33,180 | $222 | 41% | 4.9★ (101) | 0.5 mi | AirbnbVrbo |
Stress Free Summit- Mtn Views, Hot Tub, Views! Cabin
| 3 bd · 3 ba · sleeps 6 | $37,998 | $296 | 35% | 4.9★ (8) | 0.6 mi | AirbnbVrboBooking |
5-Star Cabin-Best Views in GA-Hot Tub on deck-15 Min to Blue Ridge-Always Clean Cabin
| 3 bd · 2.5 ba · sleeps 8 | $61,591 | $213 | 79% | 5★ (412) | 0.7 mi | Vrbo |
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
$51,833
NOI
$22,703
Cash flow /mo
-$1,731
Cash needed
$213,710
Cash-on-cash
-9.7%
ROE (yr 1)
1.2%
Cap rate
3.5%
DSCR
0.52
Year-1 write-off
$120,868
Year-1 tax shield @ 32%
$38,678
Year-1 return on equity
- Cash flow (annual)-$20,769
- Principal paydown$3,947
- Appreciation at%$19,470
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)$10,367
- Platform fees (3% of revenue)$1,555
- Maintenance / capex (5% of revenue)$2,592
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,408
- Insurance (STR-rated)$7,009
Cash needed to close
- Down payment (25%)$162,250
- Closing costs (4.0%)$25,960
- Furnishing (bought new)$25,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$38,678
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
$590,000
Short-life (5/15-yr)
$95,000 · 16%
Year-1 deduction
$121,000
Year-1 tax shield @ 32%
$39,000
Land 9% (county tax record, market value split) · building $495,000 over 39 years · new furniture $26,000
Based on: 3,040 sq ft, built 2006, 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: $72,000 in year 1 (8% short-life, $23,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,500
Kitchen cabinetsdefault
$12,500 new × 40% good × 1.70 allocation
- $6,900
Kitchen countertopsdefault
$10,200 new × 40% good × 1.70 allocation
- $3,600
Decorative trimdefault
$5,300 new × 40% good × 1.70 allocation
- $300
Mirrorsdefault
$500 new × 40% good × 1.70 allocation
- $800
Shelvingdefault
$1,200 new × 40% good × 1.70 allocation
- $5,100
Window coverings (30)default
$7,500 new × 40% good × 1.70 allocation
- $9,900
Kitchen & laundry equipment plumbingdefault
$9,700 new × 60% good × 1.70 allocation
- $6,000
Kitchen, laundry & data equipment electricaldefault
$5,900 new × 60% good × 1.70 allocation
- $3,400
Appliances (range, dishwasher, refrigerator)listing
$5,000 new × 40% good × 1.70 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
- $9,700
Paving: driveway & walks (paved)default
$11,400 new × 50% good × 1.70 allocation
- $4,700
Landscaping (minimal)listing
$5,500 new × 50% good × 1.70 allocation
- $2,600
Patiosdefault
$3,000 new × 50% good × 1.70 allocation
- $29,100
Decks & porches (attached)listing
$34,200 new × 50% good × 1.70 allocation
- $4,300
Gazebo / pergolalisting
$5,000 new × 50% good × 1.70 allocation
- $374,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$330,500 new × 67% good × 1.70 allocation
- $35,000
Building plumbing & fixturesdefault
$34,300 new × 60% good × 1.70 allocation
- $36,500
Building electrical & lightingdefault
$35,800 new × 60% good × 1.70 allocation
- $23,300
HVACdefault
$34,200 new × 40% good × 1.70 allocation
- $13,300
Hardwood & tile floorsdefault
$19,600 new × 40% good × 1.70 allocation
- $1,800
Fireplacelisting
$2,600 new × 40% good × 1.70 allocation
- $10,200
Septic systemlisting
$12,000 new × 50% good × 1.70 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $70,000 | $50,300 | $500 | $120,900 |
| 2 | $0 | $0 | $12,700 | $12,700 |
| 3 | $0 | $0 | $12,700 | $12,700 |
| 4 | $0 | $0 | $12,700 | $12,700 |
| 5 | $0 | $0 | $12,700 | $12,700 |
| 6+ | $0 | $0 | $443,700 | $443,700 |
| Total | $70,000 | $50,300 | $495,000 | $615,300 |
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.