63 Ridge St
Morganton, GA 30560
$525,000
3 bd · 2.5 ba · 2,250 sqft · Listed 1d ago
View on Realtor.com →Year built
1987
Sqft
2,250
Lot sqft
31,799
HOA / mo
None
Furnished
No
List date
2026-10-21T19:16:43Z
Revenue
Annual revenue
$37,277
ADR
$203
Occupancy
50%
Cleaning fees (12 mo)
$6,368
Confidence
Low (26.55), 16 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $25,162
Charming 3-bedroom house with AC, WiFi in wonderful Morganton
House · 3 bd · 2 ba · sleeps 8 · 0.1 mi
Revenue $8,114ADR $276Occ ≈ 8%—
Delisted
Charming 3-bedroom cottage- Pet friendly-
House · 3 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $25,162ADR $177Occ ≈ 39%4.8★ (23)
#Golf-cart->LakeBeach-Storybook Cottage Charming and Whimsical
Cabin · 3 bd · 2 ba · sleeps 7 · 0.3 mi
Revenue $15,206ADR $192Occ ≈ 22%4.9★ (124)
Delisted
The Tree House- Wifi- Firepit- 2 Fireplaces-Garden Tub-Free Activities
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $22,858ADR $181Occ ≈ 35%—
A slice of Heaven! Private escape with gorgeous mountain views!
Cabin · 3 bd · 3 ba · sleeps 6 · 0.3 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +4
Revenue $53,371ADR $282Occ ≈ 52%5★ (90)
Walker's Little Haven of Rest
House · 3 bd · 2 ba · sleeps 6 · 0.4 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +2
Revenue $19,038ADR $155Occ ≈ 34%5★ (5)
Blue Ridge Delights Cabin – Quiet & Close to Town
Cabin · 3 bd · 2 ba · sleeps 6 · 0.5 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $25,353ADR $163Occ ≈ 43%4.9★ (234)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Charming 3-bedroom house with AC, WiFi in wonderful Morganton House | 3 bd · 2 ba · sleeps 8 | $8,114 | $276 | 8% | — | 0.1 mi | Delisted |
Charming 3-bedroom cottage- Pet friendly- House | 3 bd · 2 ba · sleeps 8 | $25,162 | $177 | 39% | 4.8★ (23) | 0.2 mi | Airbnb |
#Golf-cart->LakeBeach-Storybook Cottage Charming and Whimsical Cabin | 3 bd · 2 ba · sleeps 7 | $15,206 | $192 | 22% | 4.9★ (124) | 0.3 mi | Delisted |
Vintage Ridge Retreat with GolfCart & Lake Sunsets Cabin
| 3 bd · 2 ba · sleeps 7 | $37,885 | $200 | 52% | 5★ (478) | 0.3 mi | AirbnbVrbo |
The Tree House- Wifi- Firepit- 2 Fireplaces-Garden Tub-Free Activities Vacation home | 3 bd · 2 ba · sleeps 6 | $22,858 | $181 | 35% | — | 0.3 mi | Booking |
A slice of Heaven! Private escape with gorgeous mountain views! Cabin
| 3 bd · 3 ba · sleeps 6 | $53,371 | $282 | 52% | 5★ (90) | 0.3 mi | Vrbo |
Walker's Little Haven of Rest House
| 3 bd · 2 ba · sleeps 6 | $19,038 | $155 | 34% | 5★ (5) | 0.4 mi | Airbnb |
Lantern Landing: Lake Escape•HotTub•FirePit•Views Cabin
| 3 bd · 3 ba · sleeps 8 | $110,879 | $426 | 71% | 5★ (182) | 0.5 mi | AirbnbVrbo |
Southern Comfort- Watetrfront, 2 Level Dock +more! Cabin
| 3 bd · 3 ba · sleeps 6 | $63,809 | $426 | 41% | 4.8★ (35) | 0.5 mi | AirbnbVrboBooking |
Blue Ridge Delights Cabin – Quiet & Close to Town Cabin
| 3 bd · 2 ba · sleeps 6 | $25,353 | $163 | 43% | 4.9★ (234) | 0.5 mi | Airbnb |
Show 5 more
Blue Mountain Cove- Hot Tub, NBA Jam, Close 2 Lake
Cabin · 3 bd · 3.5 ba · sleeps 8 · 0.5 mi
Revenue $23,543ADR $339Occ ≈ 19%4.7★ (3)
Hilltop Boho Bungalow
House · 3 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $17,416ADR $171Occ ≈ 28%5★ (161)
Sunset Views + Hot Tub + Lake Access/3 King Suites
House · 3 bd · 3 ba · sleeps 6 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $60,085ADR $241Occ ≈ 68%5★ (100)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Blue Mountain Cove- Hot Tub, NBA Jam, Close 2 Lake Cabin | 3 bd · 3.5 ba · sleeps 8 | $23,543 | $339 | 19% | 4.7★ (3) | 0.5 mi | Airbnb |
Hilltop Boho Bungalow House | 3 bd · 2 ba · sleeps 6 | $17,416 | $171 | 28% | 5★ (161) | 0.5 mi | Airbnb |
Sunset Views + Hot Tub + Lake Access/3 King Suites House
| 3 bd · 3 ba · sleeps 6 | $60,085 | $241 | 68% | 5★ (100) | 0.6 mi | Airbnb |
Boho Retreat | Lake Access + Fire Pit House
| 3 bd · 2 ba · sleeps 6 | $23,741 | $229 | 28% | 5★ (90) | 0.6 mi | AirbnbVrbo |
Morganton Cabin < 1/2 Mi to Blue Ridge Lake! Cabin | 3 bd · 2.5 ba · sleeps 10 | $37,940 | $232 | 45% | 4.8★ (15) | 0.7 mi | AirbnbBooking |
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
$37,277
NOI
$15,185
Cash flow /mo
$1,265
Cash needed
$565,500
Cash-on-cash (all cash)
2.7%
ROE (yr 1)
5.5%
Cap rate
2.9%
DSCR
—
Year-1 write-off
$199,964
Year-1 tax shield @ 32%
$63,988
Year-1 return on equity
- Cash flow (annual)$15,185
- Principal paydown (n/a, cash)$0
- Appreciation at%$15,750
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)$7,455
- Platform fees (3% of revenue)$1,118
- Maintenance / capex (5% of revenue)$1,864
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,863
- Insurance (STR-rated)$5,591
Cash needed to close
- Purchase price (all cash)$525,000
- Closing costs (4.0%)$21,000
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$63,988
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
$474,000
Short-life (5/15-yr)
$180,000 · 38%
Year-1 deduction
$200,000
Year-1 tax shield @ 32%
$64,000
Land 10% (county tax record, market value split) · building $294,000 over 39 years · new furniture $20,000
Based on: 2,250 sq ft, built 1987, 3 bd / 2.5 ba, unfurnished, listing features (pool, deck, fence, fireplace, flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $150,000 in year 1 (27% short-life, $48,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,500
Kitchen cabinetsdefault
$10,700 new × 40% good × 2.20 allocation
- $7,700
Kitchen countertopsdefault
$8,800 new × 40% good × 2.20 allocation
- $3,500
Decorative trimdefault
$3,900 new × 40% good × 2.20 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.20 allocation
- $1,100
Shelvingdefault
$1,200 new × 40% good × 2.20 allocation
- $5,100
Window coverings (23)default
$5,800 new × 40% good × 2.20 allocation
- $4,300
Carpet, vinyl & laminate (33% of floors)listing
$4,800 new × 40% good × 2.20 allocation
- $7,400
Kitchen & laundry equipment plumbingdefault
$8,300 new × 40% good × 2.20 allocation
- $4,500
Kitchen, laundry & data equipment electricaldefault
$5,000 new × 40% good × 2.20 allocation
- $7,100
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.20 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $10,800
Paving: driveway & walks (paved)default
$9,800 new × 50% good × 2.20 allocation
- $10,400
Landscaping (typical)default
$9,500 new × 50% good × 2.20 allocation
- $2,400
Patiosdefault
$2,200 new × 50% good × 2.20 allocation
- $27,900
Decks & porches (attached)listing
$25,300 new × 50% good × 2.20 allocation
- $71,600
Pool (in-ground)listing
$65,000 new × 50% good × 2.20 allocation
- $6,600
Fencinglisting
$6,000 new × 50% good × 2.20 allocation
- $215,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$244,300 new × 40% good × 2.20 allocation
- $22,300
Building plumbing & fixturesdefault
$25,300 new × 40% good × 2.20 allocation
- $22,700
Building electrical & lightingdefault
$25,800 new × 40% good × 2.20 allocation
- $22,400
HVACdefault
$25,300 new × 40% good × 2.20 allocation
- $8,500
Hardwood & tile floorsdefault
$9,700 new × 40% good × 2.20 allocation
- $2,300
Fireplacelisting
$2,600 new × 40% good × 2.20 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $69,800 | $129,900 | $300 | $200,000 |
| 2 | $0 | $0 | $7,500 | $7,500 |
| 3 | $0 | $0 | $7,500 | $7,500 |
| 4 | $0 | $0 | $7,500 | $7,500 |
| 5 | $0 | $0 | $7,500 | $7,500 |
| 6+ | $0 | $0 | $263,300 | $263,300 |
| Total | $69,800 | $129,900 | $293,700 | $493,400 |
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.