121 Old Highway 5

Blue Ridge, GA 30513

$649,900

2 bd · 2 ba · 1,008 sqft · Listed 1d ago

View on Realtor.com →

Low confidenceEst. land %

Year built

2024

Sqft

1,008

Lot sqft

59,242

HOA / mo

None

Furnished

Yes

List date

2026-10-24T21:53:37.000000Z

Revenue

Annual revenue

$43,991

ADR

$234

Occupancy

52%

Cleaning fees (12 mo)

$8,630

Confidence

Low (8.39), 15 comps

Comp revenue range (p25 / median / p75)

$7,044$30,761$56,404

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

Median revenue of shown comps: $30,761

Hickory Grove Haven | EV Charging & Hot Tub
Cabin · 3 bd · 3 ba · sleeps 8 · 0.3 mi
- Hot tub
- Pool
- A/C
- Free parking
- +7
Revenue $80,942ADR $398Occ ≈ 56%5★ (171)
Airbnb Vrbo
Mtn Views~Sleeps 8~Hot Tub~Game Room~Fireplace
House · 3 bd · 3 ba · sleeps 8 · 0.4 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $61,668ADR $320Occ ≈ 53%5★ (15)
Airbnb Vrbo Booking
Kings beds, spa, game room, fire pit, creek-front!
Cabin · 3 bd · 2 ba · sleeps 10 · 0.4 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +5
Revenue $37,271ADR $258Occ ≈ 40%5★ (67)
Airbnb Vrbo
Rushing Waters - Blue Ridge, GA - Riverfront Pet
Cabin · 3 bd · 3 ba · sleeps 8 · 0.4 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +6
Revenue $80,971ADR $315Occ ≈ 70%5★ (7)
Airbnb Booking
Cabin in Blue Ridge Hot Tub, Games, & Creek!
Cabin · 3 bd · 3 ba · sleeps 6 · 0.5 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $47,958ADR $249Occ ≈ 53%5★ (72)
Airbnb Vrbo Booking
Rusty cabin style home in beautiful Blue ridge,
Cabin · 1 bd · 1 ba · sleeps 2 · 0.5 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $12,075ADR $92Occ ≈ 36%5★ (1)
Airbnb
Secluded Modern Cabin w/ Hot tub & Creek!
Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.5 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +3
Revenue $51,140ADR $216Occ ≈ 65%5★ (46)
Airbnb Vrbo
Cozy Creek Cabin w/Hot tub
Cabin · 2 bd · 2 ba · sleeps 4 · 0.5 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +4
Revenue $24,088ADR $158Occ ≈ 42%4.9★ (105)
Airbnb Vrbo
Rushing Waters - Creekside Cabin in North GA
Nature lodge · 3 bd · 3 ba · sleeps 8 · 0.5 mi
- Hot tub
- A/C
- Pets OK
- Wifi
- +5
Revenue $104,075ADR $434Occ ≈ 66%3.2★ (4)
Airbnb Vrbo
Altitude Adjustment
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $30,761ADR $433Occ ≈ 19%—
Booking

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Hickory Grove Haven \| EV Charging & Hot Tub Cabin Hot tub Pool A/C Free parking +7	3 bd · 3 ba · sleeps 8	$80,942	$398	56%	5★ (171)	0.3 mi	Airbnb Vrbo
Mtn Views~Sleeps 8~Hot Tub~Game Room~Fireplace House Hot tub A/C Free parking Pets OK +5	3 bd · 3 ba · sleeps 8	$61,668	$320	53%	5★ (15)	0.4 mi	Airbnb Vrbo Booking
Kings beds, spa, game room, fire pit, creek-front! Cabin Hot tub A/C Free parking Wifi +5	3 bd · 2 ba · sleeps 10	$37,271	$258	40%	5★ (67)	0.4 mi	Airbnb Vrbo
Rushing Waters - Blue Ridge, GA - Riverfront Pet Cabin Hot tub A/C Free parking Pets OK +6	3 bd · 3 ba · sleeps 8	$80,971	$315	70%	5★ (7)	0.4 mi	Airbnb Booking
Cabin in Blue Ridge Hot Tub, Games, & Creek! Cabin Hot tub A/C Free parking Wifi +3	3 bd · 3 ba · sleeps 6	$47,958	$249	53%	5★ (72)	0.5 mi	Airbnb Vrbo Booking
Rusty cabin style home in beautiful Blue ridge, Cabin A/C Free parking Wifi Kitchen +1	1 bd · 1 ba · sleeps 2	$12,075	$92	36%	5★ (1)	0.5 mi	Airbnb
Secluded Modern Cabin w/ Hot tub & Creek! Cabin Hot tub A/C Free parking Pets OK +3	3 bd · 2.5 ba · sleeps 8	$51,140	$216	65%	5★ (46)	0.5 mi	Airbnb Vrbo
Cozy Creek Cabin w/Hot tub Cabin Hot tub A/C Free parking Pets OK +4	2 bd · 2 ba · sleeps 4	$24,088	$158	42%	4.9★ (105)	0.5 mi	Airbnb Vrbo
Rushing Waters - Creekside Cabin in North GA Nature lodge Hot tub A/C Pets OK Wifi +5	3 bd · 3 ba · sleeps 8	$104,075	$434	66%	3.2★ (4)	0.5 mi	Airbnb Vrbo
Altitude Adjustment Vacation home	3 bd · 2 ba · sleeps 6	$30,761	$433	19%	—	0.6 mi	Booking

Show 5 more

Unique rustic farmhouse with games and charm
Apartment · 3 bd · 2 ba · sleeps 8 · 0.7 mi
- A/C
- Wifi
- Kitchen
- Washer
Revenue $9,024ADR $176Occ ≈ 14%5★ (3)
Airbnb Vrbo Booking
Mccaysville Suite
Apartment · 1 bd · 1 ba · sleeps 2 · 0.8 mi
Revenue $1,264ADR $421Occ ≈ 1%5★ (1)
Delisted
Luxe 2,500 Sq ft Historic Retreat-Near Blue Ridge
Apartment · 3 bd · 2 ba · sleeps 8 · 0.8 mi
Revenue $5,064ADR $199Occ ≈ 7%5★ (3)
Delisted
Historic Stay Balcony Games mins to BR McCays
Apartment · 1 bd · 2 ba · sleeps 8 · 0.8 mi
Revenue $1,718ADR $510Occ ≈ 1%—
Booking
Ocoee River Suite
Apartment · 1 bd · 1 ba · sleeps 2 · 0.8 mi
Revenue $982ADR $0Occ ≈ ——
Delisted

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Unique rustic farmhouse with games and charm Apartment A/C Wifi Kitchen Washer	3 bd · 2 ba · sleeps 8	$9,024	$176	14%	5★ (3)	0.7 mi	Airbnb Vrbo Booking
Mccaysville Suite Apartment	1 bd · 1 ba · sleeps 2	$1,264	$421	1%	5★ (1)	0.8 mi	Delisted
Luxe 2,500 Sq ft Historic Retreat-Near Blue Ridge Apartment	3 bd · 2 ba · sleeps 8	$5,064	$199	7%	5★ (3)	0.8 mi	Delisted
Historic Stay Balcony Games mins to BR McCays Apartment	1 bd · 2 ba · sleeps 8	$1,718	$510	1%	—	0.8 mi	Booking
Ocoee River Suite Apartment	1 bd · 1 ba · sleeps 2	$982	$0	—	—	0.8 mi	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

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

Est. revenue

$43,991

NOI

$18,675

Cash flow /mo

$1,556

Cash needed

$675,896

Cash-on-cash (all cash)

2.8%

ROE (yr 1)

5.6%

Cap rate

2.9%

DSCR

—

Year-1 write-off

$152,174

Year-1 tax shield @ 32%

$48,696

Year-1 return on equity

Cash flow (annual)$18,675
Principal paydown (n/a, cash)$0
Appreciation at%$19,497

ROE5.6%

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)$8,798
Platform fees (3% of revenue)$1,320
Maintenance / capex (5% of revenue)$2,200
Utilities & supplies$4,200
HOA$0
Property tax$1,877
Insurance (STR-rated)$6,921

Cash needed to close

Purchase price (all cash)$649,900
Closing costs (4.0%)$25,996
Furnishing (conveyed with the sale)$0

Tax savings if the STR loophole applies

Tax shield @ 32%$48,696

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

$553,000

Short-life (5/15-yr)

$152,000 · 27%

Year-1 deduction

$152,000

Year-1 tax shield @ 32%

$49,000

Land 15% (market default, no usable tax-record split) · building $402,000 over 39 years

Based on: 1,008 sq ft, built 2024, 2 bd / 2 ba, furnished, listing features (flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $106,000 in year 1 (19% short-life, $34,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$114,300

Kitchen cabinetsdefault
$8,000 new × 92% good × 2.73 allocation
$20,100
Kitchen countertopsdefault
$6,600 new × 92% good × 2.73 allocation
$16,500
Decorative trimdefault
$1,800 new × 92% good × 2.73 allocation
$4,400
Mirrorsdefault
$300 new × 83% good × 2.73 allocation
$700
Shelvingdefault
$900 new × 92% good × 2.73 allocation
$2,300
Window coverings (10)default
$2,500 new × 80% good × 2.73 allocation
$5,500
Carpet, vinyl & laminate (100% of floors)listing
$6,500 new × 83% good × 2.73 allocation
$14,800
Kitchen & laundry equipment plumbingdefault
$6,200 new × 96% good × 2.73 allocation
$16,300
Kitchen, laundry & data equipment electricaldefault
$3,800 new × 96% good × 2.73 allocation
$9,900
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 83% good × 2.73 allocation
$17,500
Furniture conveyed with the sale (used)listing
$16,000 new × 40% good · out of the price
$6,400

15-year land improvements$37,400

Paving: driveway & walks (paved)default
$6,600 new × 92% good × 2.73 allocation
$16,500
Landscaping (typical)default
$6,300 new × 92% good × 2.73 allocation
$15,900
Patiosdefault
$1,000 new × 92% good × 2.73 allocation
$2,500
Decks & porches (attached)default
$1,000 new × 90% good × 2.73 allocation
$2,400

Building, 39-year$401,600

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$108,900 new × 97% good × 2.73 allocation
$287,600
Building plumbing & fixturesdefault
$11,300 new × 96% good × 2.73 allocation
$29,600
Building electrical & lightingdefault
$10,000 new × 96% good × 2.73 allocation
$26,400
HVACdefault
$11,400 new × 90% good × 2.73 allocation
$27,900
Septic systemlisting
$12,000 new × 92% good × 2.73 allocation
$30,200

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	$114,300	$37,400	$400	$152,200
2	$0	$0	$10,300	$10,300
3	$0	$0	$10,300	$10,300
4	$0	$0	$10,300	$10,300
5	$0	$0	$10,300	$10,300
6+	$0	$0	$360,000	$360,000
Total	$114,300	$37,400	$401,600	$553,400

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.