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8162 Lakewood Hwy

8162 Lakewood Hwy

Mineral Bluff, GA 30559

$675,000

5 bd · 3 ba · 4,084 sqft · Listed 1d ago

View on Realtor.com →
Low confidence

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)

$18,546$39,343$92,401

Few similar-size comps were found, so all comps are shown.

Median revenue of shown comps: $39,343

  • Wild Creek Cabin

    Cabin · 4 bd · 3 ba · sleeps 8 · 0.4 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +4

    Revenue $10,389ADR $241Occ ≈ 12%4.5★ (30)

    AirbnbVrboBooking

  • Old Hollywood

    Vacation home · 4 bd · 4 ba · sleeps 8 · 0.4 mi

    Revenue $109,370ADR $494Occ ≈ 61%—

    Booking

  • Casa Lotta | Hot Tub + Game Room + Fire Pit

    Cabin · 4 bd · 3.5 ba · sleeps 8 · 0.6 mi

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

    Revenue $86,745ADR $448Occ ≈ 53%5★ (34)

    AirbnbVrboBooking

  • Pool *View* Outdoor Kitchen & Fireplace *HotTub

    Cabin · 4 bd · 3.5 ba · sleeps 9 · 0.6 mi

    Revenue $55,760ADR $677Occ ≈ 23%—

    Delisted

  • 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)

    Delisted

  • Mountain Rivers Lodge

    Cabin · 4 bd · 4 ba · sleeps 8 · 0.6 mi

    • Hot tub
    • A/C
    • Wifi
    • Kitchen
    • +3

    Revenue $8,460ADR $256Occ ≈ 9%4.7★ (41)

    Airbnb

  • Pool * View * Outdoor Kitchen & Fireplace * HotTub

    Cabin · 4 bd · 3.5 ba · sleeps 9 · 0.7 mi

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

    Revenue $152,547ADR $780Occ ≈ 54%5★ (48)

    AirbnbVrbo

  • Beautiful Cabin Perfect For Your Family Gathering in the North GA Mountains

    Cabin · 4 bd · 3.5 ba · sleeps 12 · 0.7 mi

    • A/C
    • Pets OK
    • Wifi
    • Washer

    Revenue $21,265ADR $273Occ ≈ 21%—

    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

$67,717

NOI

$36,137

Cash flow /mo

$3,011

Cash needed

$728,500

Cash-on-cash (all cash)

5.0%

ROE (yr 1)

7.7%

Cap rate

5.4%

DSCR

—

Year-1 write-off

$139,203

Year-1 tax shield @ 32%

$44,545

Year-1 return on equity

  • Cash flow (annual)$36,137
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$20,250
ROE7.7%

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

  • Purchase price (all cash)$675,000
  • 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.

5-year property$85,700

  • Kitchen cabinetsdefault

    $14,800 new × 40% good × 2.05 allocation

    $12,100

  • Kitchen countertopsdefault

    $12,100 new × 40% good × 2.05 allocation

    $9,900

  • Decorative trimdefault

    $7,100 new × 40% good × 2.05 allocation

    $5,900

  • Mirrorsdefault

    $500 new × 40% good × 2.05 allocation

    $400

  • Shelvingdefault

    $1,800 new × 40% good × 2.05 allocation

    $1,500

  • Window coverings (41)default

    $10,300 new × 40% good × 2.05 allocation

    $8,400

  • Kitchen & laundry equipment plumbingdefault

    $11,500 new × 40% good × 2.05 allocation

    $9,400

  • Kitchen, laundry & data equipment electricaldefault

    $6,900 new × 40% good × 2.05 allocation

    $5,700

  • Appliances (range, dishwasher, disposal, refrigerator, washer, dryer)listing

    $7,400 new × 40% good × 2.05 allocation

    $6,100

  • Furniture bought newlisting

    $26,500 new × 100% good · bought separately

    $26,500
15-year land improvements$52,900

  • Paving: driveway & walks (paved)default

    $16,600 new × 50% good × 2.05 allocation

    $17,000

  • Landscaping (typical)default

    $12,700 new × 50% good × 2.05 allocation

    $13,000

  • Patioslisting

    $18,400 new × 50% good × 2.05 allocation

    $18,800

  • Decks & porches (attached)default

    $4,000 new × 50% good × 2.05 allocation

    $4,100
Building, 39-year$515,200

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

    $444,000 new × 40% good × 2.05 allocation

    $363,700

  • Building plumbing & fixturesdefault

    $46,100 new × 40% good × 2.05 allocation

    $37,800

  • Building electrical & lightingdefault

    $49,000 new × 40% good × 2.05 allocation

    $40,200

  • HVACdefault

    $46,000 new × 40% good × 2.05 allocation

    $37,700

  • Hardwood & tile floorsdefault

    $26,300 new × 40% good × 2.05 allocation

    $21,500

  • Fireplacelisting

    $2,600 new × 40% good × 2.05 allocation

    $2,200

  • Septic systemlisting

    $12,000 new × 50% good × 2.05 allocation

    $12,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
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.