144 Monet Dr
Ellijay, GA 30540
$489,900
3 bd · 2.5 ba · 2,808 sqft · Listed 26d ago
View on Realtor.com →Year built
2008
Sqft
2,808
Lot sqft
27,443
HOA / mo
$98
Furnished
No
List date
2026-09-01T17:25:55.000000Z
Revenue
Annual revenue
$34,233
ADR
$201
Occupancy
47%
Cleaning fees (12 mo)
$6,164
Confidence
Low (42.03), 25 comps
Comp revenue range (p25 / median / p75)
Welcome to Whiskey Woods *Hot Tub* *Resort Pools*
Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.1 mi
Revenue $36,249ADR $266Occ ≈ 37%4.8★ (14)
North Georgia Mountain Cabin
Cabin · 3 bd · 3 ba · sleeps 6 · 0.4 mi
Revenue $31,039ADR $297Occ ≈ 29%5★ (7)
Unique mountain getaway! Hot tub, game room, year round community pool!
House · 3 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $10,226ADR $224Occ ≈ 13%4.9★ (20)
Chicken Coop | No Pet Fees | Sleeps 6 | large fenced yard| Paved Roads
Cabin · 3 bd · 3 ba · sleeps 6 · 0.5 mi
Revenue $68,825ADR $311Occ ≈ 61%5★ (17)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Trapper View Lodge | Lush Cabin Cabin | 3 bd · 3 ba · sleeps 6 | $40,180 | $296 | 37% | 4.8★ (48) | 338 ft | AirbnbVrbo |
Wandering Bear's Den House | 3 bd · 2 ba · sleeps 6 | $13,878 | $184 | 21% | 4.3★ (29) | 423 ft | AirbnbVrbo |
Fully Fenced Backyard for Pets/ Outdoor Pools Cabin | 3 bd · 3 ba · sleeps 8 | $59,713 | $262 | 62% | 4.9★ (49) | 0.1 mi | AirbnbVrbo |
Welcome to Whiskey Woods *Hot Tub* *Resort Pools* Cabin | 3 bd · 3.5 ba · sleeps 10 | $36,249 | $266 | 37% | 4.8★ (14) | 0.1 mi | Airbnb |
North Georgia Mountain Cabin Cabin | 3 bd · 3 ba · sleeps 6 | $31,039 | $297 | 29% | 5★ (7) | 0.4 mi | Airbnb |
Unique mountain getaway! Hot tub, game room, year round community pool! House | 3 bd · 2 ba · sleeps 6 | $10,226 | $224 | 13% | 4.9★ (20) | 0.4 mi | Vrbo |
2025 BUILT*Family Friendly*Game Rm*Fire Pit*5 TV's House | 3 bd · 2.5 ba · sleeps 8 | $27,879 | $237 | 32% | 5★ (7) | 0.5 mi | AirbnbVrbo |
Chicken Coop | No Pet Fees | Sleeps 6 | large fenced yard| Paved Roads Cabin | 3 bd · 3 ba · sleeps 6 | $68,825 | $311 | 61% | 5★ (17) | 0.5 mi | Vrbo |
New Listing-Community Amenities-Prime Location House | 3 bd · 3 ba · sleeps 6 | $7,506 | $163 | 13% | 5★ (1) | 0.5 mi | AirbnbVrbo |
Peaceful, screened porch, hot tub, firepit, grill Cabin | 3 bd · 3 ba · sleeps 6 | $47,408 | $192 | 68% | 5★ (52) | 0.5 mi | AirbnbVrbo |
Show all 25 comps
Mountain cabin with WiFi, fireplace, shared pools, game room, tennis, & gym
Cabin · 3 bd · 3 ba · sleeps 10 · 0.6 mi
Revenue $27,211ADR $159Occ ≈ 47%4.6★ (10)
Mountain Resort Cabin, Private, screened porch overlooking wide peaceful creek.
Cabin · 3 bd · 2 ba · sleeps 8 · 0.7 mi
Revenue $15,738ADR $245Occ ≈ 18%5★ (247)
Four Winds Lodge & Hot Tub and Community Pool
Cabin · 3 bd · 2 ba · sleeps 6 · 0.7 mi
Revenue $9,660ADR $153Occ ≈ 17%4.9★ (213)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Cozy Mountain Cabin hot tub, fire pit, hiking House | 3 bd · 2 ba · sleeps 6 | $30,865 | $238 | 36% | 4.8★ (63) | 0.5 mi | AirbnbVrboBooking |
5-Star,Gated River Resort,Dog friendly, Hot Tub! Cabin | 3 bd · 3 ba · sleeps 10 | $65,025 | $296 | 60% | 5★ (81) | 0.5 mi | AirbnbVrbo |
Luxury Ellijay Cabin: High-Speed WiFi & Views! Cabin | 3 bd · 3 ba · sleeps 10 | $37,036 | $250 | 41% | 5★ (18) | 0.6 mi | AirbnbVrboBooking |
Mountain cabin with WiFi, fireplace, shared pools, game room, tennis, & gym Cabin | 3 bd · 3 ba · sleeps 10 | $27,211 | $159 | 47% | 4.6★ (10) | 0.6 mi | Vrbo |
Copper Fox Ridge | Minutes to Carter’s Lake House | 3 bd · 3 ba · sleeps 6 | $26,022 | $259 | 28% | 5★ (21) | 0.6 mi | AirbnbVrbo |
Dolche Vita Chalet A great place to stay. Cabin | 3 bd · 3 ba · sleeps 8 | $1,154 | $577 | 1% | 5★ (11) | 0.6 mi | AirbnbVrbo |
Hot Tub & Movie Room: Updated Cabin in Ellijay! Cabin | 3 bd · 3 ba · sleeps 9 | $31,494 | $239 | 36% | 5★ (32) | 0.6 mi | AirbnbVrboBooking |
Ellijay Harmony Lodge • Live Music Room • Sleeps 8 House | 3 bd · 3 ba · sleeps 8 | $44,181 | $195 | 62% | 5★ (6) | 0.6 mi | AirbnbVrboBooking |
Rustic Cabin Escape in Gilmer County House | 3 bd · 2.5 ba · sleeps 8 | $10,299 | $344 | 8% | — | 0.6 mi | AirbnbVrbo |
Mountain Resort Cabin, Private, screened porch overlooking wide peaceful creek. Cabin | 3 bd · 2 ba · sleeps 8 | $15,738 | $245 | 18% | 5★ (247) | 0.7 mi | Vrbo |
Four Winds Lodge & Hot Tub and Community Pool Cabin | 3 bd · 2 ba · sleeps 6 | $9,660 | $153 | 17% | 4.9★ (213) | 0.7 mi | Airbnb |
Fall Cabin: Hot Tub | Fire Pit | Hikes | Wineries Cabin | 3 bd · 2.5 ba · sleeps 8 | $32,912 | $253 | 36% | 5★ (42) | 0.7 mi | AirbnbVrboBooking |
Ledger Creek Cabin Cabin | 3 bd · 3 ba · sleeps 8 | $25,513 | $205 | 34% | 4.9★ (34) | 0.7 mi | AirbnbVrboBooking |
2 Kings-Dog Friendly-Hot Cocoa-Walk to Rec Center! Cabin | 3 bd · 2 ba · sleeps 6 | $25,135 | $232 | 30% | 5★ (10) | 0.7 mi | AirbnbVrbo |
Walking distance to Pool & Rec Cntr! Apple Country Cabin | 3 bd · 2 ba · sleeps 6 | $31,753 | $143 | 61% | 5★ (60) | 0.7 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
Est. revenue
$34,233
NOI
$13,218
Cash flow /mo
$1,101
Cash needed
$528,996
Cash-on-cash (all cash)
2.5%
ROE (yr 1)
5.3%
Cap rate
2.7%
DSCR
—
Year-1 write-off
$90,738
Year-1 tax shield @ 32%
$29,036
Year-1 return on equity
- Cash flow (annual)$13,218
- Principal paydown (n/a, cash)$0
- Appreciation at%$14,697
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$6,847
- Platform fees (3% of revenue)$1,027
- Maintenance / capex (5% of revenue)$1,712
- Utilities & supplies$4,200
- HOA$1,176
- Property tax$763
- Insurance (STR-rated)$5,291
Cash needed to close
- Purchase price (all cash)$489,900
- Closing costs (4.0%)$19,596
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$29,036
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
$481,000
Short-life (5/15-yr)
$70,000 · 15%
Year-1 deduction
$91,000
Year-1 tax shield @ 32%
$29,000
Land 2% (county tax record, market value split) · building $411,000 over 39 years · new furniture $20,000
Based on: 2,808 sq ft, built 2008, 3 bd / 2.5 ba, unfurnished, listing features (fireplace, flooring types, appliance list, septic).
IRS-guide safe-harbor floor: $72,000 in year 1 (11% short-life, $23,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,200
Kitchen cabinetsdefault
$12,000 new × 40% good × 1.50 allocation
- $5,900
Kitchen countertopsdefault
$9,800 new × 40% good × 1.50 allocation
- $2,900
Decorative trimdefault
$4,900 new × 40% good × 1.50 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.50 allocation
- $700
Shelvingdefault
$1,200 new × 40% good × 1.50 allocation
- $4,200
Window coverings (28)default
$7,000 new × 40% good × 1.50 allocation
- $10,800
Carpet, vinyl & laminate (100% of floors)listing
$18,100 new × 40% good × 1.50 allocation
- $8,900
Kitchen & laundry equipment plumbingdefault
$9,300 new × 64% good × 1.50 allocation
- $5,400
Kitchen, laundry & data equipment electricaldefault
$5,600 new × 64% good × 1.50 allocation
- $3,500
Appliances (microwave, dishwasher, refrigerator, washer, dryer)listing
$5,900 new × 40% good × 1.50 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $8,200
Paving: driveway & walks (paved)default
$11,000 new × 50% good × 1.50 allocation
- $7,900
Landscaping (typical)default
$10,600 new × 50% good × 1.50 allocation
- $2,100
Patiosdefault
$2,800 new × 50% good × 1.50 allocation
- $2,100
Decks & porches (attached)default
$2,800 new × 50% good × 1.50 allocation
- $319,600
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$305,300 new × 70% good × 1.50 allocation
- $30,300
Building plumbing & fixturesdefault
$31,700 new × 64% good × 1.50 allocation
- $31,500
Building electrical & lightingdefault
$32,900 new × 64% good × 1.50 allocation
- $18,900
HVACdefault
$31,600 new × 40% good × 1.50 allocation
- $1,600
Fireplacelisting
$2,600 new × 40% good × 1.50 allocation
- $9,000
Septic systemlisting
$12,000 new × 50% good × 1.50 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $69,200 | $20,300 | $1,300 | $90,700 |
| 2 | $0 | $0 | $10,500 | $10,500 |
| 3 | $0 | $0 | $10,500 | $10,500 |
| 4 | $0 | $0 | $10,500 | $10,500 |
| 5 | $0 | $0 | $10,500 | $10,500 |
| 6+ | $0 | $0 | $367,400 | $367,400 |
| Total | $69,200 | $20,300 | $410,900 | $500,300 |
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: 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.