478 Navaho Way

Ellijay, GA 30540

$549,000

2 bd · 2 ba · 1,675 sqft · Listed 1d ago

View on Realtor.com →

Est. land %

Year built

2027

Sqft

1,675

Lot sqft

21,780

HOA / mo

None

Furnished

List date

2026-11-11T14:50:58.000000Z

Revenue

Annual revenue

$40,561

ADR

$229

Occupancy

49%

Cleaning fees (12 mo)

$8,648

Confidence

Low (50.13), 17 comps

Comp revenue range (p25 / median / p75)

$24,563$33,932$53,865

Median revenue of shown comps: $33,932

Riverfront Cottage In The Coosawattee Resort.
Cabin · 2 bd · 2 ba · sleeps 6 · 131 ft
- Pool
- A/C
- Free parking
- Wifi
- +4
Revenue $27,833ADR $246Occ ≈ 31%5★ (20)
Airbnb Vrbo Booking
Cabin River Retreat / Hot Tub / Blue Ridge Mtns
Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $53,865ADR $275Occ ≈ 54%5★ (54)
Airbnb Vrbo Booking
2B River Cabin HotTub Ellijay GA Blue Ridge Mt Pet
Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi
- Hot tub
- Pool
- A/C
- Pets OK
- +5
Revenue $7,106ADR $252Occ ≈ 8%4.8★ (6)
Airbnb Vrbo
Cedar & Pine River Cabin
Cabin · 2 bd · 1 ba · sleeps 4 · 0.1 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $8,846ADR $171Occ ≈ 14%5★ (9)
Airbnb Vrbo
Riverfront Cabin- Hot Tub +Firepit +Apple Orchards
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $56,548ADR $263Occ ≈ 59%5★ (137)
Airbnb Vrbo
Otto Ellijay | Modern Home in the Woods
House · 2 bd · 1 ba · sleeps 4 · 0.3 mi
- A/C
- Free parking
- Wifi
- Kitchen
Revenue $30,706ADR $316Occ ≈ 27%5★ (23)
Airbnb
Deer River Retreat | Waterfront in Coosawattee
Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi
- Hot tub
- Pool
- A/C
- Pets OK
- +5
Revenue $60,929ADR $293Occ ≈ 57%4.7★ (127)
Airbnb Vrbo
Cabin Zen. Riverfront. Hot Tub. Arcades. Sleeps 8+
Cabin · 2 bd · 3 ba · sleeps 8 · 0.4 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $58,445ADR $333Occ ≈ 48%4.8★ (50)
Airbnb Vrbo Booking
Riverside! Bring Your Pups+ Hot Tub+Firepit+COMFY
Cabin · 2 bd · 2 ba · sleeps 5 · 0.4 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $25,730ADR $289Occ ≈ 24%5★ (113)
Airbnb Vrbo
Wanderlust Lodge-Waterfront-Dog Friendly-Hot tub
House · 2 bd · 2 ba · sleeps 8 · 0.4 mi
Revenue $24,563ADR $200Occ ≈ 34%4.8★ (5)
Airbnb

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Riverfront Cottage In The Coosawattee Resort. Cabin Pool A/C Free parking Wifi +4	2 bd · 2 ba · sleeps 6	$27,833	$246	31%	5★ (20)	131 ft	Airbnb Vrbo Booking
Cabin River Retreat / Hot Tub / Blue Ridge Mtns Cabin Hot tub Pool A/C Free parking +5	2 bd · 2 ba · sleeps 8	$53,865	$275	54%	5★ (54)	0.1 mi	Airbnb Vrbo Booking
2B River Cabin HotTub Ellijay GA Blue Ridge Mt Pet Cabin Hot tub Pool A/C Pets OK +5	2 bd · 2 ba · sleeps 8	$7,106	$252	8%	4.8★ (6)	0.1 mi	Airbnb Vrbo
Cedar & Pine River Cabin Cabin A/C Free parking Wifi Kitchen +2	2 bd · 1 ba · sleeps 4	$8,846	$171	14%	5★ (9)	0.1 mi	Airbnb Vrbo
Riverfront Cabin- Hot Tub +Firepit +Apple Orchards Cabin Hot tub Pool A/C Free parking +5	2 bd · 2 ba · sleeps 6	$56,548	$263	59%	5★ (137)	0.2 mi	Airbnb Vrbo
Otto Ellijay \| Modern Home in the Woods House A/C Free parking Wifi Kitchen	2 bd · 1 ba · sleeps 4	$30,706	$316	27%	5★ (23)	0.3 mi	Airbnb
Deer River Retreat \| Waterfront in Coosawattee Cabin Hot tub Pool A/C Pets OK +5	2 bd · 2 ba · sleeps 6	$60,929	$293	57%	4.7★ (127)	0.3 mi	Airbnb Vrbo
Cabin Zen. Riverfront. Hot Tub. Arcades. Sleeps 8+ Cabin Hot tub A/C Free parking Pets OK +5	2 bd · 3 ba · sleeps 8	$58,445	$333	48%	4.8★ (50)	0.4 mi	Airbnb Vrbo Booking
Riverside! Bring Your Pups+ Hot Tub+Firepit+COMFY Cabin Hot tub Pool A/C Free parking +6	2 bd · 2 ba · sleeps 5	$25,730	$289	24%	5★ (113)	0.4 mi	Airbnb Vrbo
Wanderlust Lodge-Waterfront-Dog Friendly-Hot tub House	2 bd · 2 ba · sleeps 8	$24,563	$200	34%	4.8★ (5)	0.4 mi	Airbnb

Show 7 more

Moon River | Ellijay, GA
Cabin · 2 bd · 2 ba · sleeps 4 · 0.5 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +4
Revenue $53,359ADR $341Occ ≈ 43%4.8★ (36)
Airbnb Vrbo
Mountain Romance - Hot Tub - River Walk
House · 2 bd · 2 ba · sleeps 4 · 0.5 mi
- Hot tub
- Pool
- A/C
- Free parking
- +4
Revenue $21,396ADR $220Occ ≈ 27%5★ (21)
Airbnb Vrbo Booking
River View Getaway by 2DC
House · 2 bd · 2 ba · sleeps 4 · 0.5 mi
- Pool
- A/C
- Free parking
- Wifi
- +3
Revenue $33,932ADR $205Occ ≈ 45%5★ (109)
Airbnb Vrbo Booking
Riverfront Cabin/Hot Tub/Secluded w/Resort Amenity
Cabin · 2 bd · 2 ba · sleeps 5 · 0.5 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $61,324ADR $236Occ ≈ 71%5★ (248)
Airbnb Vrbo
2BR River home with kayaks & fishing
Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $16,228ADR $193Occ ≈ 23%4.7★ (3)
Airbnb Booking
River Front House in Ellijay
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
- Pool
- A/C
- Free parking
- Pets OK
- +4
Revenue $42,151ADR $194Occ ≈ 60%4.7★ (224)
Airbnb Vrbo
Fire Pit + Free Wood | Pizza Oven & Grill | Deer
Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi
- Pool
- A/C
- Free parking
- Wifi
- +4
Revenue $43,112ADR $175Occ ≈ 67%5★ (88)
Airbnb Vrbo

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Moon River \| Ellijay, GA Cabin Hot tub A/C Free parking Pets OK +4	2 bd · 2 ba · sleeps 4	$53,359	$341	43%	4.8★ (36)	0.5 mi	Airbnb Vrbo
Mountain Romance - Hot Tub - River Walk House Hot tub Pool A/C Free parking +4	2 bd · 2 ba · sleeps 4	$21,396	$220	27%	5★ (21)	0.5 mi	Airbnb Vrbo Booking
River View Getaway by 2DC House Pool A/C Free parking Wifi +3	2 bd · 2 ba · sleeps 4	$33,932	$205	45%	5★ (109)	0.5 mi	Airbnb Vrbo Booking
Riverfront Cabin/Hot Tub/Secluded w/Resort Amenity Cabin Hot tub Pool A/C Free parking +5	2 bd · 2 ba · sleeps 5	$61,324	$236	71%	5★ (248)	0.5 mi	Airbnb Vrbo
2BR River home with kayaks & fishing Cabin	2 bd · 2 ba · sleeps 6	$16,228	$193	23%	4.7★ (3)	0.5 mi	Airbnb Booking
River Front House in Ellijay Cabin Pool A/C Free parking Pets OK +4	2 bd · 2 ba · sleeps 6	$42,151	$194	60%	4.7★ (224)	0.6 mi	Airbnb Vrbo
Fire Pit + Free Wood \| Pizza Oven & Grill \| Deer Cabin Pool A/C Free parking Wifi +4	2 bd · 2 ba · sleeps 6	$43,112	$175	67%	5★ (88)	0.7 mi	Airbnb Vrbo

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

Purchase priceAlready furnishedTax bracketCount tax savings in returnsOnly if you can use the losses (STR loophole)

Est. revenue

$40,561

NOI

$14,628

Cash flow /mo

$1,219

Cash needed

$592,960

Cash-on-cash (all cash)

2.5%

ROE (yr 1)

5.2%

Cap rate

2.7%

DSCR

—

Year-1 write-off

$119,946

Year-1 tax shield @ 32%

$38,383

Year-1 return on equity

Cash flow (annual)$14,628
Principal paydown (n/a, cash)$0
Appreciation at%$16,470

ROE5.2%

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)$8,112
Platform fees (3% of revenue)$1,217
Maintenance / capex (5% of revenue)$2,028
Utilities & supplies$4,200
HOA$0
Property tax$4,447
Insurance (STR-rated)$5,929

Cash needed to close

Purchase price (all cash)$549,000
Closing costs (4.0%)$21,960
Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

Tax shield @ 32%$38,383

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

$467,000

Short-life (5/15-yr)

$98,000 · 21%

Year-1 deduction

$120,000

Year-1 tax shield @ 32%

$38,000

Land 15% (market default, no usable tax-record split) · building $369,000 over 39 years · new furniture $22,000

Based on: 1,675 sq ft, built 2027, 2 bd / 2 ba, unfurnished, listing features (game room, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $87,000 in year 1 (14% short-life, $28,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$91,200

Kitchen cabinetsdefault
$9,500 new × 100% good × 1.42 allocation
$13,500
Kitchen countertopsdefault
$7,700 new × 100% good × 1.42 allocation
$11,000
Decorative trimdefault
$2,900 new × 100% good × 1.42 allocation
$4,200
Mirrorsdefault
$300 new × 100% good × 1.42 allocation
$400
Shelvingdefault
$900 new × 100% good × 1.42 allocation
$1,300
Window coverings (17)default
$4,300 new × 100% good × 1.42 allocation
$6,000
Carpet, vinyl & laminate (33% of floors)listing
$3,600 new × 100% good × 1.42 allocation
$5,100
Kitchen & laundry equipment plumbingdefault
$7,400 new × 100% good × 1.42 allocation
$10,500
Kitchen, laundry & data equipment electricaldefault
$4,500 new × 100% good × 1.42 allocation
$6,300
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 100% good × 1.42 allocation
$10,900
Furniture bought newlisting
$16,000 new × 100% good · bought separately
$16,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
$6,000

15-year land improvements$28,300

Paving: driveway & walks (paved)default
$8,500 new × 100% good × 1.42 allocation
$12,100
Landscaping (typical)default
$8,200 new × 100% good × 1.42 allocation
$11,600
Patiosdefault
$1,700 new × 100% good × 1.42 allocation
$2,300
Decks & porches (attached)default
$1,700 new × 100% good × 1.42 allocation
$2,300

Building, 39-year$369,100

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$181,800 new × 100% good × 1.42 allocation
$258,300
Building plumbing & fixturesdefault
$18,800 new × 100% good × 1.42 allocation
$26,700
Building electrical & lightingdefault
$18,500 new × 100% good × 1.42 allocation
$26,300
HVACdefault
$18,900 new × 100% good × 1.42 allocation
$26,800
Hardwood & tile floorsdefault
$7,200 new × 100% good × 1.42 allocation
$10,200
Fireplacelisting
$2,600 new × 100% good × 1.42 allocation
$3,700
Septic systemlisting
$12,000 new × 100% good × 1.42 allocation
$17,000

About the property

Sold furnishedGame roomHot tubPoolDeckDrivewayLandscapingFencedIrrigationLong-term rental (27.5-yr)Carpet / vinyl / laminate %Placed in serviceClosing costs $ (adds to basis)Land %Bonus depreciation %

Depreciation schedule: typical cost seg study

Year	5-yr	15-yr	Building	Total
1	$91,200	$28,300	$400	$119,900
2	$0	$0	$9,500	$9,500
3	$0	$0	$9,500	$9,500
4	$0	$0	$9,500	$9,500
5	$0	$0	$9,500	$9,500
6+	$0	$0	$330,800	$330,800
Total	$91,200	$28,300	$369,100	$488,600

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.