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480 Major Ridge Rd Unit 18

480 Major Ridge Rd Unit 18

Blue Ridge, GA 30513

$995,000

3 bd · 2.5 ba · 1,710 sqft · Listed 1d ago

View on Realtor.com →
Est. land %

Year built

2003

Sqft

1,710

Lot sqft

209,959

HOA / mo

$21

Furnished

No

List date

2026-10-23T23:07:20.000000Z

Revenue

Annual revenue

$54,192

ADR

$304

Occupancy

49%

Cleaning fees (12 mo)

$6,900

Confidence

Low (46.9), 10 comps

Comp revenue range (p25 / median / p75)

$28,577$40,302$54,777

Median revenue of shown comps: $40,302

  • Creekwood Cabin

    Vacation home · 3 bd · 2 ba · sleeps 6 · 200 ft

    Revenue $72,790ADR $408Occ ≈ 49%—

    Booking

  • Creekwood Cabin- Waterfront, Hot Tub, Game Room

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $58,046ADR $420Occ ≈ 38%5★ (4)

    Airbnb

  • Among the Trees

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.2 mi

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

    Revenue $37,699ADR $311Occ ≈ 33%5★ (7)

    AirbnbBooking

  • Falling Waters

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

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

    Revenue $35,074ADR $294Occ ≈ 33%5★ (6)

    AirbnbBooking

  • Tranquil house on 10 acres in Blue Ridge/ boat and tv parking/ fire pit

    House · 3 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $15,294ADR $183Occ ≈ 23%—

    Delisted

  • Fightingtown Creek Cabin

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    • A/C
    • Wifi
    • Washer

    Revenue $16,483ADR $331Occ ≈ 14%—

    Vrbo

  • Secluded Escape • Fire Pit • Gazebo • Dog Welcome

    House · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $26,411ADR $239Occ ≈ 30%5★ (1)

    AirbnbBooking

  • K6 Lodge - Creek access, firepit, & hot tub!

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.7 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $42,905ADR $283Occ ≈ 42%4.7★ (135)

    AirbnbVrboBooking

  • Escape to Water Dance -Fire Pit, Hot Tub, Foosball

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.7 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +6

    Revenue $86,254ADR $482Occ ≈ 49%5★ (34)

    AirbnbVrboBooking

  • On river/fire pit/10acres/secluded/boat parking

    House · 3 bd · 2 ba · sleeps 8 · 0.7 mi

    Revenue $44,971ADR $272Occ ≈ 45%5★ (5)

    Airbnb

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

$54,192

NOI

$21,552

Cash flow /mo

$1,796

Cash needed

$1,054,300

Cash-on-cash (all cash)

2.0%

ROE (yr 1)

4.9%

Cap rate

2.2%

DSCR

—

Year-1 write-off

$187,945

Year-1 tax shield @ 32%

$60,142

Year-1 return on equity

  • Cash flow (annual)$21,552
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$29,850
ROE4.9%

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)$10,838
  • Platform fees (3% of revenue)$1,626
  • Maintenance / capex (5% of revenue)$2,710
  • Utilities & supplies$4,200
  • HOA$252
  • Property tax$2,417
  • Insurance (STR-rated)$10,597

Cash needed to close

  • Purchase price (all cash)$995,000
  • Closing costs (4.0%)$39,800
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$60,142

No county tax record split for property tax, insurance rate and the land/building split, so those use market defaults — edit the price above; 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

$846,000

Short-life (5/15-yr)

$168,000 · 20%

Year-1 deduction

$188,000

Year-1 tax shield @ 32%

$60,000

Land 15% (market default, no usable tax-record split) · building $678,000 over 39 years · new furniture $20,000

Based on: 1,710 sq ft, built 2003, 3 bd / 2.5 ba, unfurnished, listing features (deck, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $107,000 in year 1 (10% short-life, $34,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$104,200

  • Kitchen cabinetsdefault

    $9,500 new × 40% good × 4.40 allocation

    $16,800

  • Kitchen countertopsdefault

    $7,800 new × 40% good × 4.40 allocation

    $13,800

  • Decorative trimdefault

    $3,000 new × 40% good × 4.40 allocation

    $5,300

  • Mirrorsdefault

    $300 new × 40% good × 4.40 allocation

    $500

  • Shelvingdefault

    $1,200 new × 40% good × 4.40 allocation

    $2,100

  • Window coverings (17)default

    $4,300 new × 40% good × 4.40 allocation

    $7,500

  • Kitchen & laundry equipment plumbingdefault

    $7,400 new × 54% good × 4.40 allocation

    $17,700

  • Kitchen, laundry & data equipment electricaldefault

    $4,500 new × 54% good × 4.40 allocation

    $10,700

  • Appliances (microwave, dishwasher, refrigerator, washer, dryer)listing

    $5,900 new × 40% good × 4.40 allocation

    $10,400

  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$83,100

  • Paving: driveway & walks (paved)default

    $8,600 new × 50% good × 4.40 allocation

    $18,900

  • Landscaping (typical)default

    $8,200 new × 50% good × 4.40 allocation

    $18,100

  • Patiosdefault

    $1,700 new × 50% good × 4.40 allocation

    $3,700

  • Decks & porches (attached)listing

    $19,200 new × 50% good × 4.40 allocation

    $42,300
Building, 39-year$678,000

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

    $185,300 new × 62% good × 4.40 allocation

    $503,000

  • Building plumbing & fixturesdefault

    $19,200 new × 54% good × 4.40 allocation

    $45,700

  • Building electrical & lightingdefault

    $18,900 new × 54% good × 4.40 allocation

    $45,000

  • HVACdefault

    $19,300 new × 40% good × 4.40 allocation

    $33,900

  • Hardwood & tile floorsdefault

    $11,000 new × 40% good × 4.40 allocation

    $19,400

  • Fireplacelisting

    $2,600 new × 40% good × 4.40 allocation

    $4,600

  • Septic systemlisting

    $12,000 new × 50% good × 4.40 allocation

    $26,400

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$104,200$83,100$700$187,900
2$0$0$17,400$17,400
3$0$0$17,400$17,400
4$0$0$17,400$17,400
5$0$0$17,400$17,400
6+$0$0$607,800$607,800
Total$104,200$83,100$678,000$865,200

The building's share of the price ($846,000) is 4.4x our depreciated replacement cost of the home ($192,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.

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.