357 Spring Ridge Trl
Morganton, GA 30560
$850,000
3 bd · 2.5 ba · 2,421 sqft · Listed 2d ago
View on Realtor.com →Year built
2026
Sqft
2,421
Lot sqft
99,752
HOA / mo
None
Furnished
No
List date
2026-10-09T02:16:38.000000Z
Revenue
Annual revenue
$59,812
ADR
$342
Occupancy
48%
Cleaning fees (12 mo)
$9,866
Confidence
Low (19.88), 13 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $32,743
WolfCabin Lux Family Home, Fire Pit, Hot Tub, ADA ramp, ez paved rds
Villa · 3 bd · 3 ba · sleeps 6 · 269 ft
Revenue $121,957ADR $525Occ ≈ 64%5★ (1)
Amazing Mountain Views, spacious comfortable cabin
Cabin · 3 bd · 3 ba · sleeps 6 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +5
Revenue $39,060ADR $267Occ ≈ 40%5★ (130)
Smokey mountain serenity!
Cabin · 3 bd · 3 ba · sleeps 8 · 0.6 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $11,695ADR $308Occ ≈ 10%4.3★ (7)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Dream a Little Dream & Stay Awhile - Dogs Welcome! Cabin
| 3 bd · 3 ba · sleeps 8 | $63,014 | $380 | 45% | — | 210 ft | AirbnbVrbo |
WolfCabin Lux Family Home, Fire Pit, Hot Tub, ADA ramp, ez paved rds Villa | 3 bd · 3 ba · sleeps 6 | $121,957 | $525 | 64% | 5★ (1) | 269 ft | Booking |
The Peaceful Meadow - Near Downtown Cabin
| 3 bd · 3.5 ba · sleeps 6 | $26,426 | $383 | 19% | 5★ (3) | 315 ft | AirbnbVrboBooking |
Amazing Mountain Views, spacious comfortable cabin Cabin
| 3 bd · 3 ba · sleeps 6 | $39,060 | $267 | 40% | 5★ (130) | 0.2 mi | Airbnb |
Cozy Cabin w/ Hot Tub, Fire Pit & Views Cabin
| 3 bd · 3 ba · sleeps 6 | $22,713 | $224 | 28% | 4.9★ (32) | 0.3 mi | AirbnbVrbo |
Mtn Chalet - Hot Tub, Wi-Fi, Fire Pit, Game Room Cabin
| 3 bd · 2.5 ba · sleeps 10 | $99,583 | $360 | 76% | 4.9★ (193) | 0.4 mi | AirbnbVrboBooking |
Creekside Cabin |Hot tub+Party Porch+Fireplace House
| 3 bd · 3 ba · sleeps 8 | $51,930 | $295 | 48% | 5★ (129) | 0.4 mi | AirbnbVrbo |
Blue Berry Ridge - Mountain views & hot tub Cabin | 3 bd · 3.5 ba · sleeps 6 | $74,162 | $324 | 63% | 4.7★ (158) | 0.5 mi | AirbnbBooking |
Smokey mountain serenity! Cabin
| 3 bd · 3 ba · sleeps 8 | $11,695 | $308 | 10% | 4.3★ (7) | 0.6 mi | Airbnb |
Rustic Meadows at Ladybug Lake House
| 3 bd · 2 ba · sleeps 6 | $10,674 | $294 | 10% | 3★ (2) | 0.6 mi | AirbnbVrbo |
Show 2 more
NEW LISTING !!! RUSTIC MEADOW AT LADYBUG LAKE
Guest house · 3 bd · 2 ba · sleeps 6 · 0.7 mi
Revenue $9,717ADR $335Occ ≈ 8%4.5★ (1)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
NEW LISTING !!! RUSTIC MEADOW AT LADYBUG LAKE Guest house | 3 bd · 2 ba · sleeps 6 | $9,717 | $335 | 8% | 4.5★ (1) | 0.7 mi | Booking |
Stone Creek Cottage: Creek, Hot Tub, Fire Pit Cabin
| 3 bd · 2.5 ba · sleeps 6 | $4,837 | $253 | 5% | 5★ (2) | 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
Est. revenue
$59,812
NOI
$23,352
Cash flow /mo
$1,946
Cash needed
$903,500
Cash-on-cash (all cash)
2.6%
ROE (yr 1)
5.4%
Cap rate
2.7%
DSCR
—
Year-1 write-off
$145,077
Year-1 tax shield @ 32%
$46,425
Year-1 return on equity
- Cash flow (annual)$23,352
- Principal paydown (n/a, cash)$0
- Appreciation at%$25,500
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)$11,962
- Platform fees (3% of revenue)$1,794
- Maintenance / capex (5% of revenue)$2,991
- Utilities & supplies$4,200
- HOA$0
- Property tax$6,460
- Insurance (STR-rated)$9,053
Cash needed to close
- Purchase price (all cash)$850,000
- Closing costs (4.0%)$34,000
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$46,425
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
$723,000
Short-life (5/15-yr)
$125,000 · 17%
Year-1 deduction
$145,000
Year-1 tax shield @ 32%
$46,000
Land 15% (market default, no usable tax-record split) · building $598,000 over 39 years · new furniture $20,000
Based on: 2,421 sq ft, built 2026, 3 bd / 2.5 ba, unfurnished, listing features (fireplace, stone counters, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $96,000 in year 1 (11% short-life, $31,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $17,700
Kitchen cabinetsdefault
$11,100 new × 100% good × 1.59 allocation
- $18,100
Kitchen countertops (stone)listing
$11,400 new × 100% good × 1.59 allocation
- $6,700
Decorative trimdefault
$4,200 new × 100% good × 1.59 allocation
- $500
Mirrorsdefault
$300 new × 100% good × 1.59 allocation
- $1,900
Shelvingdefault
$1,200 new × 100% good × 1.59 allocation
- $9,500
Window coverings (24)default
$6,000 new × 100% good × 1.59 allocation
- $13,700
Kitchen & laundry equipment plumbingdefault
$8,600 new × 100% good × 1.59 allocation
- $8,300
Kitchen, laundry & data equipment electricaldefault
$5,200 new × 100% good × 1.59 allocation
- $9,100
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 100% good × 1.59 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $16,200
Paving: driveway & walks (paved)default
$10,200 new × 100% good × 1.59 allocation
- $15,600
Landscaping (typical)default
$9,800 new × 100% good × 1.59 allocation
- $3,800
Patiosdefault
$2,400 new × 100% good × 1.59 allocation
- $3,800
Decks & porches (attached)default
$2,400 new × 100% good × 1.59 allocation
- $418,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$263,000 new × 100% good × 1.59 allocation
- $43,400
Building plumbing & fixturesdefault
$27,300 new × 100% good × 1.59 allocation
- $44,500
Building electrical & lightingdefault
$28,000 new × 100% good × 1.59 allocation
- $43,400
HVACdefault
$27,300 new × 100% good × 1.59 allocation
- $24,800
Hardwood & tile floorsdefault
$15,600 new × 100% good × 1.59 allocation
- $4,200
Fireplacelisting
$2,600 new × 100% good × 1.59 allocation
- $19,100
Septic systemlisting
$12,000 new × 100% good × 1.59 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $105,000 | $39,400 | $600 | $145,100 |
| 2 | $0 | $0 | $15,300 | $15,300 |
| 3 | $0 | $0 | $15,300 | $15,300 |
| 4 | $0 | $0 | $15,300 | $15,300 |
| 5 | $0 | $0 | $15,300 | $15,300 |
| 6+ | $0 | $0 | $535,600 | $535,600 |
| Total | $105,000 | $39,400 | $597,600 | $742,000 |
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.