177 H Shangri La Dr
Mineral Bluff, GA 30559
$495,000
3 bd · 2 ba · 4,437 sqft · Listed 25d ago
View on Realtor.com →Year built
2003
Sqft
4,437
Lot sqft
143,312
HOA / mo
None
Furnished
No
List date
2026-09-02T23:15:55.000000Z
Revenue
Annual revenue
$44,658
ADR
$276
Occupancy
44%
Cleaning fees (12 mo)
$8,386
Confidence
Low (30.91), 27 comps
Comp revenue range (p25 / median / p75)
3 Peaks Scenic Sunsets, Views, Fireplaces
Vacation home · 3 bd · 3 ba · sleeps 9 · 0.9 mi
Revenue $19,038ADR $560Occ ≈ 9%—
Luxury Blue Ridge Cabin Retreat
Cabin · 3 bd · 3 ba · sleeps 8 · 0.9 mi
Revenue $1,850ADR $370Occ ≈ 1%—
Escape to Copper Ridge Cabin in Mineral Bluff Georgia
Cabin · 3 bd · 2.5 ba · sleeps 9 · 1.1 mi
Revenue $42,731ADR $189Occ ≈ 62%5★ (2)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Luxury Mineral Bluff Cabin with Hot Tub and Decks Cabin | 3 bd · 2.5 ba · sleeps 6 | $9,120 | $182 | 14% | 5★ (9) | 0.7 mi | AirbnbVrboBooking |
Luxury Cabin Vacation Rental in Mineral Bluff Cabin | 3 bd · 2.5 ba · sleeps 8 | $25,212 | $226 | 31% | 5★ (83) | 0.8 mi | AirbnbVrbo |
Rustic Elegance • HotTub • PoolTable • Sunset View Cabin | 3 bd · 3 ba · sleeps 8 | $85,788 | $404 | 58% | 5★ (28) | 0.8 mi | AirbnbVrbo |
3 Peaks Scenic Sunsets, Views, Fireplaces Vacation home | 3 bd · 3 ba · sleeps 9 | $19,038 | $560 | 9% | — | 0.9 mi | Booking |
Luxury Blue Ridge Cabin Retreat Cabin | 3 bd · 3 ba · sleeps 8 | $1,850 | $370 | 1% | — | 0.9 mi | Vrbo |
Escape to Copper Ridge Cabin Cabin | 3 bd · 2.5 ba · sleeps 9 | $44,235 | $189 | 64% | 4.8★ (54) | 1.0 mi | AirbnbVrbo |
Escape to Copper Ridge Cabin in Mineral Bluff Georgia Cabin | 3 bd · 2.5 ba · sleeps 9 | $42,731 | $189 | 62% | 5★ (2) | 1.1 mi | Vrbo |
Copper Ridge Hideaway- Dogs OK, Hot Tub, PacMan! Cabin | 3 bd · 2 ba · sleeps 8 | $16,869 | $381 | 12% | 4.4★ (5) | 1.1 mi | AirbnbVrbo |
Stone Pine Lodge- Outdoor Fireplace, HotTub, View! Cabin | 3 bd · 3 ba · sleeps 11 | $62,477 | $426 | 40% | 5★ (10) | 1.2 mi | AirbnbVrboBooking |
Cloudscape House | 3 bd · 3 ba · sleeps 8 | $12,924 | $356 | 10% | 5★ (11) | 1.2 mi | Airbnb |
Show all 28 comps
Boundless Views
Vacation home · 3 bd · 3 ba · sleeps 8 · 1.3 mi
Revenue $88,863ADR $423Occ ≈ 58%—
Whiskey Pines
Vacation home · 3 bd · 2 ba · sleeps 4 · 1.3 mi
Revenue $18,406ADR $262Occ ≈ 19%—
STUNNING mountain views facing sunset, hot tub, 3 king bedrooms + attached baths
Cabin · 3 bd · 3 ba · sleeps 8 · 1.5 mi
Revenue $47,394ADR $334Occ ≈ 39%5★ (155)
Majestic View - Mineral Bluff, GA - Take in Sweeping Mountain Views, Soak in the Hot Tub, Challenge Friends in the Arcade, and R
Vacation home · 3 bd · 3 ba · sleeps 9 · 1.5 mi
Revenue $90,993ADR $365Occ ≈ 68%—
Unique Cabin! Close to Blue Ridge GA and Murphy NC. Hot tub has an amazing view.
Cabin · 3 bd · 3 ba · sleeps 8 · 1.6 mi
Revenue $47,679ADR $234Occ ≈ 56%4.9★ (48)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Boundless Views- Pet Friendly, Hot Tub, Mtn Views! Cabin | 3 bd · 3 ba · sleeps 8 | $85,105 | $468 | 50% | 4.8★ (5) | 1.2 mi | AirbnbVrbo |
Boundless Views Vacation home | 3 bd · 3 ba · sleeps 8 | $88,863 | $423 | 58% | — | 1.3 mi | Booking |
Pursuit of Happiness House | 3 bd · 3 ba · sleeps 8 | $31,210 | $281 | 30% | 4.9★ (60) | 1.3 mi | AirbnbVrboBooking |
Whiskey Pines Vacation home | 3 bd · 2 ba · sleeps 4 | $18,406 | $262 | 19% | — | 1.3 mi | Booking |
Mtn View | Fire Pit | HotTub | Family/Pet Friendly House | 3 bd · 3 ba · sleeps 6 | $27,175 | $268 | 28% | 5★ (14) | 1.4 mi | AirbnbVrboBooking |
Majestic View- Mineral Bluff GA Cabin | 3 bd · 3 ba · sleeps 9 | $58,587 | $302 | 53% | 4.5★ (9) | 1.4 mi | AirbnbVrbo |
Sunset Mountain Lodge House | 3 bd · 3 ba · sleeps 8 | $15,355 | $313 | 13% | 5★ (160) | 1.5 mi | AirbnbVrbo |
STUNNING mountain views facing sunset, hot tub, 3 king bedrooms + attached baths Cabin | 3 bd · 3 ba · sleeps 8 | $47,394 | $334 | 39% | 5★ (155) | 1.5 mi | Vrbo |
Majestic View - Mineral Bluff, GA - Take in Sweeping Mountain Views, Soak in the Hot Tub, Challenge Friends in the Arcade, and R Vacation home | 3 bd · 3 ba · sleeps 9 | $90,993 | $365 | 68% | — | 1.5 mi | Booking |
Unique Cabin! Close to Blue Ridge GA and Murphy NC. Hot tub has an amazing view. Cabin | 3 bd · 3 ba · sleeps 8 | $47,679 | $234 | 56% | 4.9★ (48) | 1.6 mi | Vrbo |
Leaf Season•Family Cabin•Hot Tub•FirePit•Gameroom Cabin | 3 bd · 3 ba · sleeps 9 | $48,766 | $226 | 59% | 5★ (140) | 1.7 mi | AirbnbVrbo |
Epic Treehouse, 4 Acres, Creek and Movie Theatre Cabin | 3 bd · 3 ba · sleeps 10 | $119,778 | $409 | 80% | 5★ (73) | 1.8 mi | AirbnbVrbo |
Pursuit of Happiness - Hot tub, pet-friendly Cabin | 3 bd · 3 ba · sleeps 8 | $32,082 | $327 | 27% | 5★ (56) | 1.8 mi | AirbnbVrbo |
Trinity Hills Family Cabin | Hot Tub & Paved Roads Cabin | 3 bd · 3 ba · sleeps 8 | $33,552 | $214 | 43% | 4.8★ (133) | 1.9 mi | AirbnbVrboBooking |
Sunrise Splendor - Secluded Soaks, Sips & S’mores House | 3 bd · 3 ba · sleeps 6 | $43,643 | $260 | 46% | 4.8★ (6) | 1.9 mi | AirbnbVrboBooking |
Sunrise Splendor - Mtn Views, Fire Pit, Hot Tub Cabin | 3 bd · 3 ba · sleeps 6 | $2,385 | $216 | 3% | 4.5★ (20) | 2.0 mi | AirbnbVrbo |
Mountain View*FirePit*Hot Tub*GameRoom*3 King Beds Cabin | 3 bd · 2.5 ba · sleeps 6 | $45,379 | $270 | 46% | 5★ (114) | 2.0 mi | AirbnbVrbo |
Creekside cabin w/firepit & pond-15 min to BR Cabin | 3 bd · 2.5 ba · sleeps 6 | $40,265 | $240 | 46% | 5★ (143) | 2.1 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
Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$44,658
NOI
$21,128
Cash flow /mo
-$907
Cash needed
$163,050
Cash-on-cash
-6.7%
ROE (yr 1)
4.4%
Cap rate
4.3%
DSCR
0.66
Year-1 write-off
$63,746
Year-1 tax shield @ 32%
$20,399
Year-1 return on equity
- Cash flow (annual)-$10,881
- Principal paydown$3,239
- Appreciation at%$14,850
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$8,932
- Platform fees (3% of revenue)$1,340
- Maintenance / capex (5% of revenue)$2,233
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,554
- Insurance (STR-rated)$5,272
Cash needed to close
- Down payment (25%)$123,750
- Closing costs (4.0%)$19,800
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$20,399
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
$358,000
Short-life (5/15-yr)
$43,000 · 12%
Year-1 deduction
$64,000
Year-1 tax shield @ 32%
$20,000
Land 28% (county tax record, market value split) · building $315,000 over 39 years · new furniture $20,000
Based on: 4,437 sq ft, built 2003, 3 bd / 2 ba, unfurnished, listing features (wooded lot).
IRS-guide safe-harbor floor: $50,000 in year 1 (8% short-life, $16,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $5,100
Kitchen cabinetsdefault
$15,500 new × 40% good × 0.83 allocation
- $4,200
Kitchen countertopsdefault
$12,700 new × 40% good × 0.83 allocation
- $2,600
Decorative trimdefault
$7,800 new × 40% good × 0.83 allocation
- $100
Mirrorsdefault
$300 new × 40% good × 0.83 allocation
- $400
Shelvingdefault
$1,200 new × 40% good × 0.83 allocation
- $3,600
Window coverings (44)default
$11,000 new × 40% good × 0.83 allocation
- $3,800
Carpet, vinyl & laminate (40% of floors)default
$11,400 new × 40% good × 0.83 allocation
- $5,400
Kitchen & laundry equipment plumbingdefault
$12,100 new × 54% good × 0.83 allocation
- $3,300
Kitchen, laundry & data equipment electricaldefault
$7,300 new × 54% good × 0.83 allocation
- $2,700
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 0.83 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $5,700
Paving: driveway & walks (paved)default
$13,800 new × 50% good × 0.83 allocation
- $2,700
Landscaping (minimal)listing
$6,600 new × 50% good × 0.83 allocation
- $1,800
Patiosdefault
$4,400 new × 50% good × 0.83 allocation
- $1,800
Decks & porches (attached)default
$4,400 new × 50% good × 0.83 allocation
- $246,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$483,300 new × 62% good × 0.83 allocation
- $22,400
Building plumbing & fixturesdefault
$50,100 new × 54% good × 0.83 allocation
- $23,900
Building electrical & lightingdefault
$53,500 new × 54% good × 0.83 allocation
- $16,500
HVACdefault
$50,000 new × 40% good × 0.83 allocation
- $5,700
Hardwood & tile floorsdefault
$17,100 new × 40% good × 0.83 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $50,700 | $12,100 | $1,000 | $63,700 |
| 2 | $0 | $0 | $8,100 | $8,100 |
| 3 | $0 | $0 | $8,100 | $8,100 |
| 4 | $0 | $0 | $8,100 | $8,100 |
| 5 | $0 | $0 | $8,100 | $8,100 |
| 6+ | $0 | $0 | $281,600 | $281,600 |
| Total | $50,700 | $12,100 | $315,000 | $377,700 |
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.