127 Black Ankle Dr
Cherry Log, GA 30522
$470,000
3 bd · 2 ba · 1,800 sqft · Listed today
View on Realtor.com →Year built
2017
Sqft
1,800
Lot sqft
79,715
HOA / mo
None
Furnished
No
List date
2026-10-27T01:21:31.000000Z
Revenue
Annual revenue
$54,711
ADR
$295
Occupancy
51%
Cleaning fees (12 mo)
$11,590
Confidence
Low (50.46), 5 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $72,646
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 Aska Escape | Blue Ridge, GA Cabin
| 3 bd · 3 ba · sleeps 6 | $31,701 | $336 | 26% | 5★ (12) | 0.3 mi | AirbnbVrbo |
 Big Buck Lodge- Fire Pit, Hot Tub, Outdoor Living Cabin
| 3 bd · 3 ba · sleeps 6 | $22,499 | $339 | 18% | 4.7★ (17) | 0.3 mi | AirbnbVrboBooking |
 Hot Tub • Game Room • Mountain Views • Privacy Cabin
| 3 bd · 3 ba · sleeps 8 | $75,401 | $280 | 74% | 5★ (182) | 0.4 mi | AirbnbVrbo |
 Hot Tub, Game Room, Fire Pit, Putting Green, FUN! Cabin
| 3 bd · 3 ba · sleeps 8 | $72,646 | $260 | 77% | 5★ (315) | 0.6 mi | AirbnbVrboBooking |
 Blue's Ridge- Pet Friendly, Hot Tub, Ping Pong Cabin | 3 bd · 3 ba · sleeps 8 | $86,292 | $335 | 71% | 4.4★ (5) | 0.7 mi | AirbnbVrboBooking |
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
$54,711
NOI
$28,990
Cash flow /mo
-$188
Cash needed
$155,800
Cash-on-cash
-1.4%
ROE (yr 1)
9.5%
Cap rate
6.2%
DSCR
0.93
Year-1 write-off
$79,978
Year-1 tax shield @ 32%
$25,593
Year-1 return on equity
- Cash flow (annual)-$2,254
- Principal paydown$2,904
- Appreciation at%$14,100
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)$10,942
- Platform fees (3% of revenue)$1,641
- Maintenance / capex (5% of revenue)$2,736
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,196
- Insurance (STR-rated)$5,006
Cash needed to close
- Down payment (25%)$117,500
- Closing costs (4.0%)$18,800
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$25,593
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
$410,000
Short-life (5/15-yr)
$60,000 · 15%
Year-1 deduction
$80,000
Year-1 tax shield @ 32%
$26,000
Land 13% (county tax record, market value split) · building $350,000 over 39 years · new furniture $20,000
Based on: 1,800 sq ft, built 2017, 3 bd / 2 ba, unfurnished, listing features (fireplace, flooring types, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $56,000 in year 1 (9% short-life, $18,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,700
Kitchen cabinetsdefault
$9,700 new × 64% good × 1.56 allocation
- $7,900
Kitchen countertopsdefault
$8,000 new × 64% good × 1.56 allocation
- $3,100
Decorative trimdefault
$3,200 new × 64% good × 1.56 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.56 allocation
- $1,200
Shelvingdefault
$1,200 new × 64% good × 1.56 allocation
- $2,800
Window coverings (18)default
$4,500 new × 40% good × 1.56 allocation
- $1,800
Carpet, vinyl & laminate (25% of floors)listing
$2,900 new × 40% good × 1.56 allocation
- $9,700
Kitchen & laundry equipment plumbingdefault
$7,600 new × 82% good × 1.56 allocation
- $5,800
Kitchen, laundry & data equipment electricaldefault
$4,600 new × 82% good × 1.56 allocation
- $1,600
Appliances (range, microwave)listing
$2,500 new × 40% good × 1.56 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $8,800
Paving: driveway & walks (paved)default
$8,800 new × 64% good × 1.56 allocation
- $4,200
Landscaping (minimal)listing
$4,200 new × 64% good × 1.56 allocation
- $1,800
Patiosdefault
$1,800 new × 64% good × 1.56 allocation
- $1,500
Decks & porches (attached)default
$1,800 new × 55% good × 1.56 allocation
- $258,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$195,200 new × 85% good × 1.56 allocation
- $25,800
Building plumbing & fixturesdefault
$20,200 new × 82% good × 1.56 allocation
- $25,600
Building electrical & lightingdefault
$20,100 new × 82% good × 1.56 allocation
- $17,400
HVACdefault
$20,300 new × 55% good × 1.56 allocation
- $8,700
Hardwood & tile floorsdefault
$8,700 new × 64% good × 1.56 allocation
- $2,600
Fireplacelisting
$2,600 new × 64% good × 1.56 allocation
- $11,900
Septic systemlisting
$12,000 new × 64% good × 1.56 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $63,300 | $16,300 | $400 | $80,000 |
| 2 | $0 | $0 | $9,000 | $9,000 |
| 3 | $0 | $0 | $9,000 | $9,000 |
| 4 | $0 | $0 | $9,000 | $9,000 |
| 5 | $0 | $0 | $9,000 | $9,000 |
| 6+ | $0 | $0 | $313,900 | $313,900 |
| Total | $63,300 | $16,300 | $350,100 | $429,700 |
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: 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.