41 Majestic Way
Morganton, GA 30560
$389,000
2 bd · 2 ba · 851 sqft · Listed 1d ago
View on Realtor.com →Year built
2026
Sqft
851
Lot sqft
68,389
HOA / mo
None
Furnished
No
List date
2026-10-06T17:55:06.000000Z
Revenue
Annual revenue
$42,144
ADR
$249
Occupancy
46%
Cleaning fees (12 mo)
$7,348
Confidence
Med (61.64), 14 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $46,021
Majestic Mountain | Morganton, GA
Cabin · 3 bd · 3 ba · sleeps 10 · 289 ft
Revenue $48,777ADR $388Occ ≈ 34%4.8★ (34)
Misty Mountain
Cabin · 3 bd · 3 ba · sleeps 8 · 0.1 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $7,521ADR $215Occ ≈ 10%5★ (5)
Rivendell - Morganton, GA - Take in Beautiful Lake Views, Soak in the Hot Tub, Rack Up a Game of Pool, and Enjoy Game Nights in
Vacation home · 3 bd · 3 ba · sleeps 8 · 0.2 mi
Revenue $57,520ADR $307Occ ≈ 51%4★ (1)
Noble Crest- Luxe Retreat & Sprawling Game Haven
Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.4 mi
Revenue $23,060ADR $308Occ ≈ 21%—
Awesome Retreat w hot tub, game room, and fire pit
Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.4 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $33,901ADR $165Occ ≈ 56%5★ (31)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Majestic Mountain | Morganton, GA Cabin | 3 bd · 3 ba · sleeps 10 | $48,777 | $388 | 34% | 4.8★ (34) | 289 ft | Airbnb |
Misty Mountain Cabin
| 3 bd · 3 ba · sleeps 8 | $7,521 | $215 | 10% | 5★ (5) | 0.1 mi | Airbnb |
Rivendell | Mtn & Lake Views | Hot Tub | Game Room Cabin
| 3 bd · 3 ba · sleeps 8 | $30,768 | $291 | 29% | 4.5★ (11) | 0.1 mi | AirbnbVrbo |
Mountain Cabin w/ Hot Tub 200 Plus 5 Star Reviews Cabin
| 3 bd · 2 ba · sleeps 6 | $50,089 | $307 | 45% | 5★ (193) | 0.2 mi | AirbnbVrbo |
Rivendell - Morganton, GA - Take in Beautiful Lake Views, Soak in the Hot Tub, Rack Up a Game of Pool, and Enjoy Game Nights in Vacation home | 3 bd · 3 ba · sleeps 8 | $57,520 | $307 | 51% | 4★ (1) | 0.2 mi | Booking |
Cozy Lane Cabin|MTN Views|Hot Tub|Game RM|Fire Pit Cabin
| 3 bd · 3 ba · sleeps 8 | $42,552 | $307 | 38% | 4.9★ (61) | 0.2 mi | AirbnbVrbo |
S`More Time Together | Morganton, GA Cabin
| 3 bd · 2 ba · sleeps 6 | $56,670 | $446 | 35% | 5★ (6) | 0.2 mi | AirbnbVrbo |
3 Bedroom - Breath Taking Mountain Views! Cabin
| 3 bd · 3 ba · sleeps 8 | $60,035 | $286 | 58% | 5★ (156) | 0.2 mi | AirbnbVrbo |
Noble Crest- Luxe Retreat & Sprawling Game Haven Cabin | 2 bd · 2.5 ba · sleeps 6 | $23,060 | $308 | 21% | — | 0.4 mi | Airbnb |
Awesome Retreat w hot tub, game room, and fire pit Cabin
| 2 bd · 2.5 ba · sleeps 4 | $33,901 | $165 | 56% | 5★ (31) | 0.4 mi | Airbnb |
Show 4 more
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 Star Creek Chalet- King Beds, Hot Tub, Game Room Cabin
| 3 bd · 3 ba · sleeps 8 | $52,931 | $457 | 32% | 5★ (9) | 0.4 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) | 0.6 mi | AirbnbBooking |
 Hot Tub • Fire Pit • Dog Friendly • 3 King Suites Cabin
| 3 bd · 3 ba · sleeps 6 | $43,264 | $301 | 39% | 5★ (53) | 0.6 mi | AirbnbVrbo |
 Cabin w/ Private Pond · Dock & Fire Pit Cabin
| 2 bd · 1 ba · sleeps 5 | $53,288 | $202 | 72% | 5★ (243) | 0.7 mi | AirbnbVrbo |
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 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium
Est. revenue
$42,144
NOI
$19,044
Cash flow /mo
-$560
Cash needed
$128,810
Cash-on-cash
-5.2%
ROE (yr 1)
5.7%
Cap rate
4.9%
DSCR
0.74
Year-1 write-off
$105,072
Year-1 tax shield @ 32%
$33,623
Year-1 return on equity
- Cash flow (annual)-$6,718
- Principal paydown$2,423
- Appreciation at%$11,670
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)$8,429
- Platform fees (3% of revenue)$1,264
- Maintenance / capex (5% of revenue)$2,107
- Utilities & supplies$4,200
- HOA$0
- Property tax$2,956
- Insurance (STR-rated)$4,143
Cash needed to close
- Down payment (25%)$97,250
- Closing costs (4.0%)$15,560
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$33,623
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
$331,000
Short-life (5/15-yr)
$89,000 · 27%
Year-1 deduction
$105,000
Year-1 tax shield @ 32%
$34,000
Land 15% (market default, no usable tax-record split) · building $242,000 over 39 years · new furniture $16,000
Based on: 851 sq ft, built 2026, 2 bd / 2 ba, unfurnished, listing features (stone counters, flooring types, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $71,000 in year 1 (16% short-life, $23,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $13,900
Kitchen cabinetsdefault
$7,700 new × 100% good × 1.81 allocation
- $14,200
Kitchen countertops (stone)listing
$7,800 new × 100% good × 1.81 allocation
- $2,700
Decorative trimdefault
$1,500 new × 100% good × 1.81 allocation
- $500
Mirrorsdefault
$300 new × 100% good × 1.81 allocation
- $1,600
Shelvingdefault
$900 new × 100% good × 1.81 allocation
- $4,100
Window coverings (9)default
$2,300 new × 100% good × 1.81 allocation
- $5,000
Carpet, vinyl & laminate (50% of floors)listing
$2,700 new × 100% good × 1.81 allocation
- $10,800
Kitchen & laundry equipment plumbingdefault
$6,000 new × 100% good × 1.81 allocation
- $6,500
Kitchen, laundry & data equipment electricaldefault
$3,600 new × 100% good × 1.81 allocation
- $10,300
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 100% good × 1.81 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $10,900
Paving: driveway & walks (paved)default
$6,000 new × 100% good × 1.81 allocation
- $5,300
Landscaping (minimal)listing
$2,900 new × 100% good × 1.81 allocation
- $1,500
Patiosdefault
$800 new × 100% good × 1.81 allocation
- $1,500
Decks & porches (attached)default
$800 new × 100% good × 1.81 allocation
- $166,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$91,800 new × 100% good × 1.81 allocation
- $17,200
Building plumbing & fixturesdefault
$9,500 new × 100% good × 1.81 allocation
- $14,600
Building electrical & lightingdefault
$8,100 new × 100% good × 1.81 allocation
- $17,300
HVACdefault
$9,600 new × 100% good × 1.81 allocation
- $5,000
Hardwood & tile floorsdefault
$2,700 new × 100% good × 1.81 allocation
- $21,700
Septic systemlisting
$12,000 new × 100% good × 1.81 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $85,600 | $19,200 | $300 | $105,100 |
| 2 | $0 | $0 | $6,200 | $6,200 |
| 3 | $0 | $0 | $6,200 | $6,200 |
| 4 | $0 | $0 | $6,200 | $6,200 |
| 5 | $0 | $0 | $6,200 | $6,200 |
| 6+ | $0 | $0 | $216,800 | $216,800 |
| Total | $85,600 | $19,200 | $241,800 | $346,600 |
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.