8162 Lakewood Hwy
Mineral Bluff, GA 30559
$675,000
5 bd · 3 ba · 4,084 sqft · Listed 1d ago
View on Realtor.com →Year built
1902
Sqft
4,084
Lot sqft
130,680
HOA / mo
$0
Furnished
No
List date
2026-10-26T14:55:35.000000Z
Revenue
Annual revenue
$67,717
ADR
$357
Occupancy
52%
Cleaning fees (12 mo)
$9,159
Confidence
Low (9.19), 8 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $39,343
Old Hollywood
Vacation home · 4 bd · 4 ba · sleeps 8 · 0.4 mi
Revenue $109,370ADR $494Occ ≈ 61%—
Pool *View* Outdoor Kitchen & Fireplace *HotTub
Cabin · 4 bd · 3.5 ba · sleeps 9 · 0.6 mi
Revenue $55,760ADR $677Occ ≈ 23%—
Mountain cabin with stunning views, minutes to great golf courses
Cabin · 4 bd · 4 ba · sleeps 8 · 0.6 mi
Revenue $22,925ADR $282Occ ≈ 22%4.5★ (56)
Mountain Rivers Lodge
Cabin · 4 bd · 4 ba · sleeps 8 · 0.6 mi
Revenue $8,460ADR $256Occ ≈ 9%4.7★ (41)
Beautiful Cabin Perfect For Your Family Gathering in the North GA Mountains
Cabin · 4 bd · 3.5 ba · sleeps 12 · 0.7 mi
Revenue $21,265ADR $273Occ ≈ 21%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Wild Creek Cabin Cabin | 4 bd · 3 ba · sleeps 8 | $10,389 | $241 | 12% | 4.5★ (30) | 0.4 mi | AirbnbVrboBooking |
Old Hollywood Vacation home | 4 bd · 4 ba · sleeps 8 | $109,370 | $494 | 61% | — | 0.4 mi | Booking |
Casa Lotta | Hot Tub + Game Room + Fire Pit Cabin | 4 bd · 3.5 ba · sleeps 8 | $86,745 | $448 | 53% | 5★ (34) | 0.6 mi | AirbnbVrboBooking |
Pool *View* Outdoor Kitchen & Fireplace *HotTub Cabin | 4 bd · 3.5 ba · sleeps 9 | $55,760 | $677 | 23% | — | 0.6 mi | Airbnb |
Mountain cabin with stunning views, minutes to great golf courses Cabin | 4 bd · 4 ba · sleeps 8 | $22,925 | $282 | 22% | 4.5★ (56) | 0.6 mi | Vrbo |
Mountain Rivers Lodge Cabin | 4 bd · 4 ba · sleeps 8 | $8,460 | $256 | 9% | 4.7★ (41) | 0.6 mi | Airbnb |
Pool * View * Outdoor Kitchen & Fireplace * HotTub Cabin | 4 bd · 3.5 ba · sleeps 9 | $152,547 | $780 | 54% | 5★ (48) | 0.7 mi | AirbnbVrbo |
Beautiful Cabin Perfect For Your Family Gathering in the North GA Mountains Cabin | 4 bd · 3.5 ba · sleeps 12 | $21,265 | $273 | 21% | — | 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 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium
Est. revenue
$67,717
NOI
$36,137
Cash flow /mo
-$728
Cash needed
$222,250
Cash-on-cash
-3.9%
ROE (yr 1)
7.1%
Cap rate
5.4%
DSCR
0.81
Year-1 write-off
$139,203
Year-1 tax shield @ 32%
$44,545
Year-1 return on equity
- Cash flow (annual)-$8,736
- Principal paydown$4,171
- Appreciation at%$20,250
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)$13,543
- Platform fees (3% of revenue)$2,032
- Maintenance / capex (5% of revenue)$3,386
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,230
- Insurance (STR-rated)$7,189
Cash needed to close
- Down payment (25%)$168,750
- Closing costs (4.0%)$27,000
- Furnishing (bought new)$26,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$44,545
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
$627,000
Short-life (5/15-yr)
$112,000 · 18%
Year-1 deduction
$139,000
Year-1 tax shield @ 32%
$45,000
Land 7% (county tax record, market value split) · building $515,000 over 39 years · new furniture $27,000
Based on: 4,084 sq ft, built 1902, 5 bd / 3 ba, unfurnished, listing features (patio, fireplace, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $105,000 in year 1 (12% short-life, $34,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $12,100
Kitchen cabinetsdefault
$14,800 new × 40% good × 2.05 allocation
- $9,900
Kitchen countertopsdefault
$12,100 new × 40% good × 2.05 allocation
- $5,900
Decorative trimdefault
$7,100 new × 40% good × 2.05 allocation
- $400
Mirrorsdefault
$500 new × 40% good × 2.05 allocation
- $1,500
Shelvingdefault
$1,800 new × 40% good × 2.05 allocation
- $8,400
Window coverings (41)default
$10,300 new × 40% good × 2.05 allocation
- $9,400
Kitchen & laundry equipment plumbingdefault
$11,500 new × 40% good × 2.05 allocation
- $5,700
Kitchen, laundry & data equipment electricaldefault
$6,900 new × 40% good × 2.05 allocation
- $6,100
Appliances (range, dishwasher, disposal, refrigerator, washer, dryer)listing
$7,400 new × 40% good × 2.05 allocation
- $26,500
Furniture bought newlisting
$26,500 new × 100% good · bought separately
- $17,000
Paving: driveway & walks (paved)default
$16,600 new × 50% good × 2.05 allocation
- $13,000
Landscaping (typical)default
$12,700 new × 50% good × 2.05 allocation
- $18,800
Patioslisting
$18,400 new × 50% good × 2.05 allocation
- $4,100
Decks & porches (attached)default
$4,000 new × 50% good × 2.05 allocation
- $363,700
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$444,000 new × 40% good × 2.05 allocation
- $37,800
Building plumbing & fixturesdefault
$46,100 new × 40% good × 2.05 allocation
- $40,200
Building electrical & lightingdefault
$49,000 new × 40% good × 2.05 allocation
- $37,700
HVACdefault
$46,000 new × 40% good × 2.05 allocation
- $21,500
Hardwood & tile floorsdefault
$26,300 new × 40% good × 2.05 allocation
- $2,200
Fireplacelisting
$2,600 new × 40% good × 2.05 allocation
- $12,300
Septic systemlisting
$12,000 new × 50% good × 2.05 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $85,700 | $52,900 | $600 | $139,200 |
| 2 | $0 | $0 | $13,200 | $13,200 |
| 3 | $0 | $0 | $13,200 | $13,200 |
| 4 | $0 | $0 | $13,200 | $13,200 |
| 5 | $0 | $0 | $13,200 | $13,200 |
| 6+ | $0 | $0 | $461,800 | $461,800 |
| Total | $85,700 | $52,900 | $515,200 | $653,900 |
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: 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.