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138 Lucius Ln

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)

$37,998$47,585$61,146

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)

    Airbnb

  • Views | HotTub | GameRm | EV Charger | Paved Rds

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.4 mi

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

    Revenue $81,809ADR $300Occ ≈ 75%5★ (71)

    AirbnbVrbo

  • 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 Mt Views

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.4 mi

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

    Revenue $44,100ADR $251Occ ≈ 48%4.9★ (48)

    AirbnbVrboBooking

  • Leatherwood Lodge- Hot Tub, Fireplace, Views!

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.5 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $47,585ADR $360Occ ≈ 36%4.7★ (13)

    AirbnbVrboBooking

  • 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%—

    Vrbo

  • Secluded Mountain Retreat in the Blue Ridge, GA

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.5 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $33,180ADR $222Occ ≈ 41%4.9★ (101)

    AirbnbVrbo

  • Stress Free Summit- Mtn Views, Hot Tub, Views!

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.6 mi

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

    Revenue $37,998ADR $296Occ ≈ 35%4.9★ (8)

    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 · 0.7 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $61,591ADR $213Occ ≈ 79%5★ (412)

    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

Financing
Management

Est. revenue

$51,833

NOI

$22,703

Cash flow /mo

$1,892

Cash needed

$700,460

Cash-on-cash (all cash)

3.2%

ROE (yr 1)

6.0%

Cap rate

3.5%

DSCR

—

Year-1 write-off

$120,868

Year-1 tax shield @ 32%

$38,678

Year-1 return on equity

  • Cash flow (annual)$22,703
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$19,470
ROE6.0%

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

  • Purchase price (all cash)$649,000
  • 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.

5-year property$70,000

  • Kitchen cabinetsdefault

    $12,500 new × 40% good × 1.70 allocation

    $8,500

  • Kitchen countertopsdefault

    $10,200 new × 40% good × 1.70 allocation

    $6,900

  • Decorative trimdefault

    $5,300 new × 40% good × 1.70 allocation

    $3,600

  • Mirrorsdefault

    $500 new × 40% good × 1.70 allocation

    $300

  • Shelvingdefault

    $1,200 new × 40% good × 1.70 allocation

    $800

  • Window coverings (30)default

    $7,500 new × 40% good × 1.70 allocation

    $5,100

  • Kitchen & laundry equipment plumbingdefault

    $9,700 new × 60% good × 1.70 allocation

    $9,900

  • Kitchen, laundry & data equipment electricaldefault

    $5,900 new × 60% good × 1.70 allocation

    $6,000

  • Appliances (range, dishwasher, refrigerator)listing

    $5,000 new × 40% good × 1.70 allocation

    $3,400

  • 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$50,300

  • Paving: driveway & walks (paved)default

    $11,400 new × 50% good × 1.70 allocation

    $9,700

  • Landscaping (minimal)listing

    $5,500 new × 50% good × 1.70 allocation

    $4,700

  • Patiosdefault

    $3,000 new × 50% good × 1.70 allocation

    $2,600

  • Decks & porches (attached)listing

    $34,200 new × 50% good × 1.70 allocation

    $29,100

  • Gazebo / pergolalisting

    $5,000 new × 50% good × 1.70 allocation

    $4,300
Building, 39-year$495,000

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

    $330,500 new × 67% good × 1.70 allocation

    $374,800

  • Building plumbing & fixturesdefault

    $34,300 new × 60% good × 1.70 allocation

    $35,000

  • Building electrical & lightingdefault

    $35,800 new × 60% good × 1.70 allocation

    $36,500

  • HVACdefault

    $34,200 new × 40% good × 1.70 allocation

    $23,300

  • Hardwood & tile floorsdefault

    $19,600 new × 40% good × 1.70 allocation

    $13,300

  • Fireplacelisting

    $2,600 new × 40% good × 1.70 allocation

    $1,800

  • Septic systemlisting

    $12,000 new × 50% good × 1.70 allocation

    $10,200

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
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.