512 Star Creek Xing
Morganton, GA 30560
$799,900
3 bd · 3 ba · Listed 1d ago
View on Realtor.com →Year built
2020
Sqft
—
Lot sqft
101,930
HOA / mo
None
Furnished
No
List date
2026-10-10T18:54:22.000000Z
Revenue
Annual revenue
$38,373
ADR
$255
Occupancy
41%
Cleaning fees (12 mo)
$7,457
Confidence
Low (47.6), 41 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $38,313
Above Expectations- Pet Friendly, Hot Tub, FirePit
Cabin · 3 bd · 3 ba · sleeps 6 · 0.7 mi
Revenue $24,294ADR $424Occ ≈ 16%4.8★ (10)
Sunshine Ridge | Relax, Unwind & Reconnect
House · 3 bd · 3.5 ba · sleeps 8 · 1.1 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $4,547ADR $238Occ ≈ 5%5★ (3)
NEW Cabin w/ Long Range Views / Hot Tub / Dog Friendly / Paved Access / EV Plug
Cabin · 3 bd · 3 ba · sleeps 10 · 1.1 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +6
Revenue $32,126ADR $323Occ ≈ 27%5★ (152)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Above Expectations- Pet Friendly, Hot Tub, FirePit Cabin | 3 bd · 3 ba · sleeps 6 | $24,294 | $424 | 16% | 4.8★ (10) | 0.7 mi | Airbnb |
Highland Nook -Pet Friendly, Mtn View, Sauna Cabin
| 3 bd · 3.5 ba · sleeps 8 | $39,129 | $308 | 35% | 4.5★ (4) | 0.8 mi | AirbnbVrbo |
New Exterior|Sleeps 8|Hot Tub|Games Galore|Nature Cabin
| 3 bd · 3 ba · sleeps 8 | $37,496 | $305 | 34% | 5★ (69) | 0.8 mi | AirbnbVrbo |
Three Springs Lodge - Mountaintop Views w/ Hot Tub Cabin
| 3 bd · 3.5 ba · sleeps 8 | $53,851 | $303 | 49% | 5★ (108) | 1.0 mi | AirbnbVrbo |
Dancing Bears-Hot Tub, Grill Cabin
| 3 bd · 3.5 ba · sleeps 7 | $15,804 | $203 | 21% | 4.3★ (16) | 1.0 mi | AirbnbVrboBooking |
Sunshine Ridge | Relax, Unwind & Reconnect House
| 3 bd · 3.5 ba · sleeps 8 | $4,547 | $238 | 5% | 5★ (3) | 1.1 mi | Airbnb |
Panoramic Paradise - Morganton, GA Cabin
| 3 bd · 3 ba · sleeps 8 | $48,810 | $393 | 34% | 3.4★ (5) | 1.1 mi | AirbnbVrboBooking |
Mountain Cabin|Covered Deck|Hot Tub|Wifi|Gameroom Cabin
| 3 bd · 3 ba · sleeps 10 | $42,875 | $243 | 48% | 4.8★ (166) | 1.1 mi | AirbnbVrboBooking |
NEW Cabin w/ Long Range Views / Hot Tub / Dog Friendly / Paved Access / EV Plug Cabin
| 3 bd · 3 ba · sleeps 10 | $32,126 | $323 | 27% | 5★ (152) | 1.1 mi | Vrbo |
Lakeview Log Cabin - Birdsong! Cabin | 3 bd · 3 ba · sleeps 8 | $23,781 | $281 | 23% | 4.9★ (34) | 1.1 mi | AirbnbBooking |
Show 30 more
Mountain Melody - Mtn Views, Hot Tub, Fireplace
Cabin · 3 bd · 3 ba · sleeps 8 · 1.1 mi
Revenue $41,752ADR $340Occ ≈ 34%5★ (4)
Zen Cabin with Mtn View, Hot Tub & acreage
Cabin · 3 bd · 2 ba · sleeps 8 · 1.6 mi
Revenue $7,661ADR $330Occ ≈ 6%5★ (5)
Beavers Mountain Escape cabin w/ mountain views
Cabin · 3 bd · 3 ba · sleeps 8 · 1.6 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $32,831ADR $150Occ ≈ 60%4.9★ (73)
Mountain View | Modern | Hot Tub ★Spyglass Ridge★
Chalet · 3 bd · 2 ba · sleeps 6 · 1.7 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $73,643ADR $241Occ ≈ 84%5★ (295)
Mountain Serenity
Cabin · 3 bd · 3 ba · sleeps 8 · 1.7 mi
Revenue $15,465ADR $312Occ ≈ 14%5★ (86)
Bourbon Barrel Ridge
Vacation home · 3 bd · 3 ba · sleeps 6 · 1.8 mi
Revenue $71,529ADR $368Occ ≈ 53%—
PRIVACY,VIEWS,POND,CREEKS! pooltable-arcade-minutes to BlRdg-Lake-dogs welcome
House · 3 bd · 3 ba · sleeps 10 · 2.0 mi
- A/C
- Pets OK
- Wifi
- Fireplace
- +1
Revenue $22,796ADR $310Occ ≈ 20%5★ (4)
EXPANDED MTN/VALLEY VIEW-500FT NOISY TROUT STOCKED HEMPTOWN CREEK-ARCADE-FIREPIT
Cabin · 3 bd · 2 ba · sleeps 6 · 2.1 mi
Revenue $60,729ADR $272Occ ≈ 61%5★ (399)
Mountain Cabin w/ Hot Tub & Fire Pit
House · 3 bd · 3 ba · sleeps 8 · 2.2 mi
Revenue $5,614ADR $215Occ ≈ 7%5★ (1)
The perfect mountain trip
House · 3 bd · 3 ba · sleeps 6 · 2.3 mi
Revenue $12,127ADR $200Occ ≈ 17%5★ (179)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Mountain Melody - Mtn Views, Hot Tub, Fireplace Cabin | 3 bd · 3 ba · sleeps 8 | $41,752 | $340 | 34% | 5★ (4) | 1.1 mi | Airbnb |
Mountain Melody - Blue Ridge, GA Nature lodge | 3 bd · 3 ba · sleeps 8 | $43,211 | $377 | 31% | 4.8★ (4) | 1.1 mi | AirbnbBooking |
Daze Off- Spectacular Views, Hot Tub, Fire Pit Cabin | 3 bd · 3 ba · sleeps 8 | $29,522 | $328 | 25% | 4.9★ (11) | 1.2 mi | AirbnbVrboBooking |
Bear Hug- Secluded, Family Friendly, Sunsets! Cabin
| 3 bd · 3 ba · sleeps 9 | $30,200 | $331 | 25% | 4.8★ (13) | 1.2 mi | AirbnbVrboBooking |
Tumnus Ridge- Dog Friendly, Hot Tub, Firepit,+more Cabin
| 3 bd · 2.5 ba · sleeps 7 | $49,639 | $371 | 37% | 4.8★ (17) | 1.5 mi | AirbnbVrboBooking |
Can't Bear to Leave- Views, Pet Friendly, Hot Tub Cabin
| 3 bd · 3 ba · sleeps 9 | $53,188 | $382 | 38% | 4.9★ (17) | 1.6 mi | AirbnbVrboBooking |
Zen Cabin with Mtn View, Hot Tub & acreage Cabin | 3 bd · 2 ba · sleeps 8 | $7,661 | $330 | 6% | 5★ (5) | 1.6 mi | Airbnb |
Dog-friendly 3BR with hot tub, views & great porch Cabin | 3 bd · 3 ba · sleeps 6 | $13,978 | $262 | 15% | 4.8★ (13) | 1.6 mi | AirbnbBooking |
Beavers Mountain Escape cabin w/ mountain views Cabin
| 3 bd · 3 ba · sleeps 8 | $32,831 | $150 | 60% | 4.9★ (73) | 1.6 mi | Airbnb |
Shepherd's Sky View | MTN Views | Pool Table Cabin
| 3 bd · 3 ba · sleeps 8 | $49,923 | $282 | 49% | 4.9★ (10) | 1.7 mi | AirbnbVrbo |
Mountain View | Modern | Hot Tub ★Spyglass Ridge★ Chalet
| 3 bd · 2 ba · sleeps 6 | $73,643 | $241 | 84% | 5★ (295) | 1.7 mi | Airbnb |
Mountain Serenity Cabin | 3 bd · 3 ba · sleeps 8 | $15,465 | $312 | 14% | 5★ (86) | 1.7 mi | Airbnb |
Majestic mountaintop cabin, hot tub, fireplaces Cabin | 3 bd · 3 ba · sleeps 8 | $29,930 | $381 | 22% | 4.7★ (62) | 1.7 mi | AirbnbBooking |
A View to Remember Cabin
| 3 bd · 3 ba · sleeps 10 | $37,086 | $380 | 27% | 4.8★ (141) | 1.8 mi | AirbnbVrboBooking |
Bourbon Barrel Ridge Vacation home | 3 bd · 3 ba · sleeps 6 | $71,529 | $368 | 53% | — | 1.8 mi | Booking |
Love You Deerly- Screened Porch, PingPong, FirePit Cabin
| 3 bd · 3 ba · sleeps 10 | $41,996 | $366 | 31% | 5★ (8) | 1.8 mi | AirbnbVrboBooking |
Cabin Unwined Cabin
| 3 bd · 3 ba · sleeps 6 | $31,161 | $413 | 21% | 4.8★ (6) | 1.8 mi | AirbnbVrboBooking |
Bourbon Barrel Ridge - Pets OK, Mountain Views! Cabin
| 3 bd · 3 ba · sleeps 6 | $75,802 | $408 | 51% | 4.3★ (4) | 1.9 mi | AirbnbVrbo |
PRIVACY,VIEWS,POND,CREEKS! pooltable-arcade-minutes to BlRdg-Lake-dogs welcome House
| 3 bd · 3 ba · sleeps 10 | $22,796 | $310 | 20% | 5★ (4) | 2.0 mi | Vrbo |
Lake Paradise: Hot Tub, Firepit, Lake Views Cabin | 3 bd · 2 ba · sleeps 6 | $64,742 | $222 | 80% | 5★ (119) | 2.0 mi | AirbnbVrbo |
Hot Tub • Fire Pit • Dog Friendly • 3 King Suites Cabin
| 3 bd · 3 ba · sleeps 6 | $43,264 | $301 | 39% | 5★ (53) | 2.1 mi | AirbnbVrbo |
Hot tub-game rm-fire pit-private&cozy! A+ location Cabin | 3 bd · 2 ba · sleeps 8 | $21,365 | $264 | 22% | 4.8★ (56) | 2.1 mi | AirbnbBooking |
Deer Acres House | 3 bd · 2.5 ba · sleeps 7 | $10,606 | $190 | 15% | 4.8★ (28) | 2.1 mi | Airbnb |
Sunset Summit | Morganton, GA Cabin
| 3 bd · 3 ba · sleeps 6 | $41,458 | $335 | 34% | 4.9★ (9) | 2.1 mi | AirbnbVrbo |
EXPANDED MTN/VALLEY VIEW-500FT NOISY TROUT STOCKED HEMPTOWN CREEK-ARCADE-FIREPIT Cabin | 3 bd · 2 ba · sleeps 6 | $60,729 | $272 | 61% | 5★ (399) | 2.1 mi | Vrbo |
Mountain Cabin w/ Hot Tub & Fire Pit House | 3 bd · 3 ba · sleeps 8 | $5,614 | $215 | 7% | 5★ (1) | 2.2 mi | Airbnb |
Incredible VIEWS! Hot Tub-Game Room-Luxury Cabin
| 3 bd · 3.5 ba · sleeps 10 | $82,644 | $321 | 71% | 4.8★ (135) | 2.2 mi | AirbnbVrbo |
Star Creek Chalet- King Beds, Hot Tub, Game Room Cabin
| 3 bd · 3 ba · sleeps 8 | $52,931 | $457 | 32% | 5★ (9) | 2.2 mi | AirbnbVrbo |
The perfect mountain trip House | 3 bd · 3 ba · sleeps 6 | $12,127 | $200 | 17% | 5★ (179) | 2.3 mi | Delisted |
Champagne Chalet- MTN Views, Hot Tub, Secluded Cabin
| 3 bd · 2.5 ba · sleeps 7 | $44,599 | $246 | 50% | 4.5★ (25) | 2.3 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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$38,373
NOI
$13,607
Cash flow /mo
-$3,331
Cash needed
$251,471
Cash-on-cash
-15.9%
ROE (yr 1)
-4.4%
Cap rate
1.7%
DSCR
0.25
Year-1 write-off
$151,217
Year-1 tax shield @ 32%
$48,389
Year-1 return on equity
- Cash flow (annual)-$39,973
- Principal paydown$4,864
- Appreciation at%$23,997
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)$7,675
- Platform fees (3% of revenue)$1,151
- Maintenance / capex (5% of revenue)$1,919
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,303
- Insurance (STR-rated)$8,519
Cash needed to close
- Down payment (25%)$199,975
- Closing costs (4.0%)$31,996
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$48,389
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
$729,000
Short-life (5/15-yr)
$131,000 · 18%
Year-1 deduction
$151,000
Year-1 tax shield @ 32%
$48,000
Land 9% (county tax record, market value split) · building $598,000 over 39 years · new furniture $20,000
Based on: ~1,900 sq ft (from beds), built 2020, 3 bd / 3 ba, unfurnished, listing features (patio, fireplace, stone counters, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $104,000 in year 1 (12% short-life, $33,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $17,500
Kitchen cabinetsdefault
$10,000 new × 76% good × 2.32 allocation
- $17,900
Kitchen countertops (stone)listing
$10,200 new × 76% good × 2.32 allocation
- $5,900
Decorative trimdefault
$3,300 new × 76% good × 2.32 allocation
- $500
Mirrorsdefault
$500 new × 50% good × 2.32 allocation
- $2,100
Shelvingdefault
$1,200 new × 76% good × 2.32 allocation
- $4,400
Window coverings (19)default
$4,800 new × 40% good × 2.32 allocation
- $3,500
Carpet, vinyl & laminate (25% of floors)listing
$3,100 new × 50% good × 2.32 allocation
- $15,800
Kitchen & laundry equipment plumbingdefault
$7,800 new × 88% good × 2.32 allocation
- $9,600
Kitchen, laundry & data equipment electricaldefault
$4,700 new × 88% good × 2.32 allocation
- $4,500
Appliances (microwave, refrigerator, washer)listing
$3,900 new × 50% good × 2.32 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $15,900
Paving: driveway & walks (paved)default
$9,000 new × 76% good × 2.32 allocation
- $15,300
Landscaping (typical)default
$8,700 new × 76% good × 2.32 allocation
- $15,100
Patioslisting
$8,600 new × 76% good × 2.32 allocation
- $3,000
Decks & porches (attached)default
$1,900 new × 70% good × 2.32 allocation
- $429,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$206,000 new × 90% good × 2.32 allocation
- $43,600
Building plumbing & fixturesdefault
$21,400 new × 88% good × 2.32 allocation
- $43,500
Building electrical & lightingdefault
$21,400 new × 88% good × 2.32 allocation
- $34,700
HVACdefault
$21,400 new × 70% good × 2.32 allocation
- $16,100
Hardwood & tile floorsdefault
$9,200 new × 76% good × 2.32 allocation
- $9,300
Fireplaces (2)listing
$5,300 new × 76% good × 2.32 allocation
- $21,100
Septic systemlisting
$12,000 new × 76% good × 2.32 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $101,300 | $49,300 | $600 | $151,200 |
| 2 | $0 | $0 | $15,300 | $15,300 |
| 3 | $0 | $0 | $15,300 | $15,300 |
| 4 | $0 | $0 | $15,300 | $15,300 |
| 5 | $0 | $0 | $15,300 | $15,300 |
| 6+ | $0 | $0 | $535,700 | $535,700 |
| Total | $101,300 | $49,300 | $597,600 | $748,200 |
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.