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610 Old Highway 5

610 Old Highway 5

Blue Ridge, GA 30513

$198,500

2 bd · 1 ba · Listed 2d ago

View on Realtor.com →
Low confidenceNegative cash flow

Year built

1946

Sqft

—

Lot sqft

24,829

HOA / mo

None

Furnished

No

List date

2026-10-31T18:34:14.000000Z

Revenue

Annual revenue

$6,653

ADR

$95

Occupancy

19%

Cleaning fees (12 mo)

$944

Confidence

Low (13.35), 7 comps

Comp revenue range (p25 / median / p75)

$1,491$4,119$7,044

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

Median revenue of shown comps: $4,119

  • Rusty cabin style home in beautiful Blue ridge,

    Cabin · 1 bd · 1 ba · sleeps 2 · 0.4 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +1

    Revenue $12,075ADR $92Occ ≈ 36%5★ (1)

    Airbnb

  • Unique rustic farmhouse with games and charm

    Apartment · 3 bd · 2 ba · sleeps 8 · 0.5 mi

    • A/C
    • Wifi
    • Kitchen
    • Washer

    Revenue $9,024ADR $176Occ ≈ 14%5★ (3)

    AirbnbVrboBooking

  • Blue Ridge Escape with On-Site Pool Access

    Apartment · 1 bd · 1 ba · sleeps 2 · 0.5 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen

    Revenue $4,119ADR $136Occ ≈ 8%—

    AirbnbVrboBooking

  • Ocoee River Suite

    Apartment · 1 bd · 1 ba · sleeps 2 · 0.6 mi

    Revenue $982ADR $0Occ ≈ ——

    Delisted

  • Historic Stay Balcony Games mins to BR McCays

    Apartment · 1 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $1,718ADR $510Occ ≈ 1%—

    Booking

  • Luxe 2,500 Sq ft Historic Retreat-Near Blue Ridge

    Apartment · 3 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $5,064ADR $199Occ ≈ 7%5★ (3)

    Delisted

  • Mccaysville Suite

    Apartment · 1 bd · 1 ba · sleeps 2 · 0.6 mi

    Revenue $1,264ADR $421Occ ≈ 1%5★ (1)

    Delisted

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

$6,653

NOI

-$2,274

Cash flow /mo

-$189

Cash needed

$222,440

Cash-on-cash (all cash)

-1.0%

ROE (yr 1)

1.7%

Cap rate

-1.1%

DSCR

—

Year-1 write-off

$62,910

Year-1 tax shield @ 32%

$20,131

Year-1 return on equity

  • Cash flow (annual)-$2,274
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$5,955
ROE1.7%

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)$1,331
  • Platform fees (3% of revenue)$200
  • Maintenance / capex (5% of revenue)$333
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$750
  • Insurance (STR-rated)$2,114

Cash needed to close

  • Purchase price (all cash)$198,500
  • Closing costs (4.0%)$7,940
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$20,131

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

$183,000

Short-life (5/15-yr)

$47,000 · 26%

Year-1 deduction

$63,000

Year-1 tax shield @ 32%

$20,000

Land 8% (county tax record, market value split) · building $136,000 over 39 years · new furniture $16,000

Based on: ~1,400 sq ft (from beds), built 1946, 2 bd / 1 ba, unfurnished, listing features (patio, fence, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $50,000 in year 1 (19% short-life, $16,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$40,900

  • Kitchen cabinetsdefault

    $8,900 new × 40% good × 1.51 allocation

    $5,400

  • Kitchen countertopsdefault

    $7,300 new × 40% good × 1.51 allocation

    $4,400

  • Decorative trimdefault

    $2,500 new × 40% good × 1.51 allocation

    $1,500

  • Mirrorsdefault

    $200 new × 40% good × 1.51 allocation

    $100

  • Shelvingdefault

    $900 new × 40% good × 1.51 allocation

    $500

  • Window coverings (14)default

    $3,500 new × 40% good × 1.51 allocation

    $2,100

  • Kitchen & laundry equipment plumbingdefault

    $6,900 new × 40% good × 1.51 allocation

    $4,200

  • Kitchen, laundry & data equipment electricaldefault

    $4,200 new × 40% good × 1.51 allocation

    $2,500

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

    $7,000 new × 40% good × 1.51 allocation

    $4,200

  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
15-year land improvements$21,800

  • Paving: driveway & walks (paved)default

    $7,800 new × 50% good × 1.51 allocation

    $5,900

  • Landscaping (typical)default

    $7,500 new × 50% good × 1.51 allocation

    $5,600

  • Patioslisting

    $6,300 new × 50% good × 1.51 allocation

    $4,800

  • Decks & porches (attached)default

    $1,400 new × 50% good × 1.51 allocation

    $1,000

  • Fencinglisting

    $6,000 new × 50% good × 1.51 allocation

    $4,500
Building, 39-year$136,100

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

    $151,900 new × 40% good × 1.51 allocation

    $91,900

  • Building plumbing & fixturesdefault

    $15,700 new × 40% good × 1.51 allocation

    $9,500

  • Building electrical & lightingdefault

    $15,000 new × 40% good × 1.51 allocation

    $9,100

  • HVACdefault

    $15,800 new × 40% good × 1.51 allocation

    $9,500

  • Hardwood & tile floorsdefault

    $9,000 new × 40% good × 1.51 allocation

    $5,400

  • Fireplacelisting

    $2,600 new × 40% good × 1.51 allocation

    $1,600

  • Septic systemlisting

    $12,000 new × 50% good × 1.51 allocation

    $9,100

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$40,900$21,800$100$62,900
2$0$0$3,500$3,500
3$0$0$3,500$3,500
4$0$0$3,500$3,500
5$0$0$3,500$3,500
6+$0$0$122,000$122,000
Total$40,900$21,800$136,100$198,900

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.