466 Ellington Rd
Ellijay, GA 30540
$300,000
3 bd · 2 ba · 1,956 sqft · Listed 17d ago
View on Realtor.com →Year built
1976
Sqft
1,956
Lot sqft
85,378
HOA / mo
$0
Furnished
No
List date
2026-09-10T14:20:11.000000Z
Revenue
Annual revenue
$38,192
ADR
$225
Occupancy
47%
Cleaning fees (12 mo)
$7,952
Confidence
Low (40.75), 31 comps
Comp revenue range (p25 / median / p75)
Treehouse in Coosawatee River Resort
Cabin · 3 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $4,915ADR $188Occ ≈ 7%5★ (17)
Beautiful Private Getaway Fireplace HotTub Rocking Chair Porch Resort Amenities
Cabin · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $34,905ADR $175Occ ≈ 55%4.9★ (126)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Treehouse in Coosawatee River Resort Cabin | 3 bd · 2 ba · sleeps 8 | $4,915 | $188 | 7% | 5★ (17) | 0.2 mi | Vrbo |
Luxury Cabin w/ Hot Tub + Game Room, Sleeps 10 Cabin | 3 bd · 3 ba · sleeps 10 | $33,458 | $295 | 31% | 5★ (83) | 0.3 mi | AirbnbVrboBooking |
3 Mi to Dtwn Ellijay: Tree-Lined Cabin w/ Deck! Cabin | 3 bd · 1.5 ba · sleeps 6 | $35,094 | $229 | 42% | 4.5★ (12) | 0.3 mi | AirbnbVrboBooking |
Beautiful Private Getaway Fireplace HotTub Rocking Chair Porch Resort Amenities Cabin | 3 bd · 2 ba · sleeps 6 | $34,905 | $175 | 55% | 4.9★ (126) | 0.3 mi | Vrbo |
A Harmony Of Coziness & Charm~ Fire pit, Workspace Cabin | 3 bd · 1.5 ba · sleeps 6 | $46,665 | $180 | 71% | 5★ (32) | 0.3 mi | AirbnbVrboBooking |
Cute 3/3 cabin: firepit, games, resort amenities! Cabin | 3 bd · 3 ba · sleeps 8 | $26,048 | $221 | 32% | 4.9★ (33) | 0.3 mi | AirbnbVrbo |
Elkhorn Lodge - Coosawattee River Resort Cabin | 3 bd · 3 ba · sleeps 8 | $41,986 | $226 | 51% | 5★ (72) | 0.3 mi | AirbnbVrboBooking |
Pet-Friendly, Pool, Game Room & Hot tub & Firepit Cabin | 3 bd · 3 ba · sleeps 8 | $55,329 | $236 | 64% | 4.9★ (58) | 0.4 mi | AirbnbVrbo |
Brand New, 3 BR Modern Luxury Cabin,fireplaces etc Cabin | 3 bd · 2 ba · sleeps 8 | $14,107 | $432 | 9% | 5★ (20) | 0.4 mi | AirbnbVrbo |
Deer Haven-Hot Tub • Game Room • Outdoor Fireplace Cabin | 3 bd · 3 ba · sleeps 6 | $33,750 | $262 | 35% | 5★ (13) | 0.4 mi | AirbnbVrbo |
Show all 31 comps
4 Mi to Dtwn Ellijay: Cabin w/ Pool & River Access
Vacation home · 3 bd · 2 ba · sleeps 8 · 0.4 mi
Revenue $11,824ADR $165Occ ≈ 20%—
NEW 3-bedroom cozy cabin on 3 acres in awesome Ellijay, with a hot tub!
Cabin · 3 bd · 2 ba · sleeps 8 · 0.7 mi
Revenue $64,506ADR $229Occ ≈ 77%5★ (1)
Riveredge Escape Cabin-Tubing, PlaySet, Resort
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.7 mi
Revenue $11,055ADR $544Occ ≈ 6%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
4 Mi to Dtwn Ellijay: Cabin w/ Pool & River Access Vacation home | 3 bd · 2 ba · sleeps 8 | $11,824 | $165 | 20% | — | 0.4 mi | Booking |
Deer-Topia! Resort cabin & wineries,pet friendly Cabin | 3 bd · 2 ba · sleeps 8 | $27,185 | $210 | 35% | 5★ (82) | 0.5 mi | AirbnbVrbo |
Amazing View / Sunset / Hot Tub / Covered Deck Cabin | 3 bd · 3 ba · sleeps 8 | $69,277 | $256 | 74% | 5★ (140) | 0.5 mi | AirbnbVrbo |
Dog-Friendly | Hot Tub + Indoor Pool, Firepit Cabin | 3 bd · 2.5 ba · sleeps 8 | $33,944 | $254 | 37% | 5★ (18) | 0.5 mi | AirbnbVrbo |
Cozy Ellijay Cabin: Hot Tub, Yard, & Resort Access Cabin | 3 bd · 2.5 ba · sleeps 8 | $53,907 | $189 | 78% | 5★ (44) | 0.5 mi | AirbnbVrboBooking |
Ellijay Cabin w/ Game Rm + Fire Pit | Dog-Friendly Cabin | 3 bd · 3 ba · sleeps 8 | $24,520 | $299 | 22% | 5★ (38) | 0.5 mi | AirbnbVrbo |
Riverfront Cabin-Hot Tub-Mini Golf-Arcade-Fire Pit Cabin | 3 bd · 2.5 ba · sleeps 10 | $83,286 | $359 | 64% | 5★ (56) | 0.5 mi | AirbnbVrbo |
Relaxing River Retreat on the river hot tub, firep Cabin | 3 bd · 2 ba · sleeps 6 | $39,136 | $318 | 34% | 4.5★ (32) | 0.6 mi | AirbnbVrbo |
Hemlock Hideaway House | 3 bd · 2.5 ba · sleeps 7 | $30,280 | $270 | 31% | 5★ (90) | 0.6 mi | AirbnbVrboBooking |
3BR bohemian cabin with hot tub & resort amenities Cabin | 3 bd · 2 ba · sleeps 6 | $25,720 | $247 | 29% | 4.7★ (17) | 0.6 mi | AirbnbVrboBooking |
Riverfront Cabin w/ Screened Gazebo & EV Charger Cabin | 3 bd · 2 ba · sleeps 6 | $36,078 | $224 | 44% | 5★ (55) | 0.6 mi | AirbnbVrboBooking |
Riverfront Ellijay Cabin w/ Deck + Pool Access! Cabin | 3 bd · 2 ba · sleeps 6 | $46,956 | $180 | 71% | 4.5★ (84) | 0.7 mi | AirbnbVrboBooking |
Riverfront|Fenced|Game Room|Playset|Apple Festival House | 3 bd · 2 ba · sleeps 12 | $66,341 | $530 | 34% | 5★ (20) | 0.7 mi | AirbnbVrboBooking |
NEW 3-bedroom cozy cabin on 3 acres in awesome Ellijay, with a hot tub! Cabin | 3 bd · 2 ba · sleeps 8 | $64,506 | $229 | 77% | 5★ (1) | 0.7 mi | Vrbo |
River Retreat | Ellijay, Georgia Cabin | 3 bd · 3 ba · sleeps 8 | $41,621 | $362 | 32% | 5★ (16) | 0.7 mi | AirbnbVrbo |
Riverview Hideaway | Dog-Friendly Riverview Cabin Cabin | 3 bd · 2.5 ba · sleeps 8 | $22,043 | $399 | 15% | 4.8★ (32) | 0.7 mi | AirbnbVrbo |
2 Mi to Dtwn Ellijay! Outdoorsy Escape w/ Hot Tub Cabin | 3 bd · 2 ba · sleeps 6 | $12,469 | $257 | 13% | 4.3★ (6) | 0.7 mi | AirbnbVrboBooking |
Dreamy wooded escape w/2 decks, resort access, WiFi, gas grills, hot tub/pool Cabin | 3 bd · 3 ba · sleeps 8 | $15,641 | $212 | 20% | 4.5★ (20) | 0.7 mi | VrboBooking |
Riveredge Escape Cabin-Tubing, PlaySet, Resort Vacation home | 3 bd · 2 ba · sleeps 6 | $11,055 | $544 | 6% | — | 0.7 mi | Booking |
Deer Haven Getaways - Resort Access Cabin | 3 bd · 3 ba · sleeps 8 | $10,513 | $228 | 13% | 4.7★ (46) | 0.7 mi | AirbnbVrbo |
Dragonfly Den - Luxury Waterfront/Hot Tub/Games Cabin | 3 bd · 2 ba · sleeps 9 | $94,710 | $386 | 67% | 5★ (254) | 0.8 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 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$38,192
NOI
$18,464
Cash flow /mo
-$78
Cash needed
$106,500
Cash-on-cash
-0.9%
ROE (yr 1)
9.4%
Cap rate
6.2%
DSCR
0.95
Year-1 write-off
$89,974
Year-1 tax shield @ 32%
$28,792
Year-1 return on equity
- Cash flow (annual)-$935
- Principal paydown$1,963
- Appreciation at%$9,000
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$7,638
- Platform fees (3% of revenue)$1,146
- Maintenance / capex (5% of revenue)$1,910
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,594
- Insurance (STR-rated)$3,240
Cash needed to close
- Down payment (25%)$75,000
- Closing costs (4.0%)$12,000
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$28,792
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
$272,000
Short-life (5/15-yr)
$70,000 · 26%
Year-1 deduction
$90,000
Year-1 tax shield @ 32%
$29,000
Land 9% (county tax record, market value split) · building $202,000 over 39 years · new furniture $20,000
Based on: 1,956 sq ft, built 1976, 3 bd / 2 ba, unfurnished, listing features (deck, fence, fireplace, flooring types, appliance list, septic).
IRS-guide safe-harbor floor: $57,000 in year 1 (13% short-life, $18,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,600
Kitchen cabinetsdefault
$10,100 new × 40% good × 1.64 allocation
- $5,400
Kitchen countertopsdefault
$8,300 new × 40% good × 1.64 allocation
- $2,200
Decorative trimdefault
$3,400 new × 40% good × 1.64 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.64 allocation
- $800
Shelvingdefault
$1,200 new × 40% good × 1.64 allocation
- $3,300
Window coverings (20)default
$5,000 new × 40% good × 1.64 allocation
- $5,100
Kitchen & laundry equipment plumbingdefault
$7,800 new × 40% good × 1.64 allocation
- $3,100
Kitchen, laundry & data equipment electricaldefault
$4,700 new × 40% good × 1.64 allocation
- $3,900
Appliances (range, refrigerator, washer, dryer)listing
$6,000 new × 40% good × 1.64 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $7,500
Paving: driveway & walks (paved)default
$9,200 new × 50% good × 1.64 allocation
- $7,200
Landscaping (typical)default
$8,800 new × 50% good × 1.64 allocation
- $1,600
Patiosdefault
$1,900 new × 50% good × 1.64 allocation
- $18,000
Decks & porches (attached)listing
$22,000 new × 50% good × 1.64 allocation
- $4,900
Fencinglisting
$6,000 new × 50% good × 1.64 allocation
- $138,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$212,200 new × 40% good × 1.64 allocation
- $14,400
Building plumbing & fixturesdefault
$22,000 new × 40% good × 1.64 allocation
- $14,400
Building electrical & lightingdefault
$22,100 new × 40% good × 1.64 allocation
- $14,400
HVACdefault
$22,000 new × 40% good × 1.64 allocation
- $8,200
Hardwood & tile floorsdefault
$12,600 new × 40% good × 1.64 allocation
- $1,700
Fireplacelisting
$2,600 new × 40% good × 1.64 allocation
- $9,800
Septic systemlisting
$12,000 new × 50% good × 1.64 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $50,100 | $39,200 | $600 | $90,000 |
| 2 | $0 | $0 | $5,200 | $5,200 |
| 3 | $0 | $0 | $5,200 | $5,200 |
| 4 | $0 | $0 | $5,200 | $5,200 |
| 5 | $0 | $0 | $5,200 | $5,200 |
| 6+ | $0 | $0 | $180,500 | $180,500 |
| Total | $50,100 | $39,200 | $201,800 | $291,100 |
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: Georgia disallows 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.