78 Creekside Trl
Ellijay, GA 30540
$279,900
2 bd · 1 ba · 910 sqft · Listed 2d ago
View on Realtor.com →Year built
2005
Sqft
910
Lot sqft
23,697
HOA / mo
$99
Furnished
No
List date
2026-10-09T16:02:49.000000Z
Revenue
Annual revenue
$34,016
ADR
$151
Occupancy
62%
Cleaning fees (12 mo)
$5,870
Confidence
Low (14.92), 12 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $27,676
Frank's Cabin
House · 2 bd · 2 ba · sleeps 4 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $26,858ADR $126Occ ≈ 58%5★ (48)
Curley's Cozy Cabin|Private Porch|Wooded Escape
Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi
Revenue $5,704ADR $206Occ ≈ 8%5★ (3)
Rustic Cabin Escape - Peaceful + Private
Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi
Revenue $7,533ADR $207Occ ≈ 10%5★ (2)
Cedar Shoals - Riverfront, Hot Tub - Minimum Age
Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi
Revenue $58,958ADR $271Occ ≈ 60%5★ (66)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Woodglen Hideaway Cabin
| 2 bd · 2 ba · sleeps 6 | $36,218 | $171 | 58% | 5★ (24) | 0.3 mi | AirbnbVrbo |
2 BR home with outdoor patio and hot tub access Cabin | 2 bd · 2 ba · sleeps 4 | $1,550 | $221 | 2% | — | 0.5 mi | AirbnbVrboBooking |
Dwell and Wander Stay Cabin | 2 bd · 2 ba · sleeps 4 | $1,887 | $269 | 2% | — | 0.5 mi | AirbnbVrbo |
Cozy Boho Cabin with Hot Tub, Resort Amenities Cabin | 2 bd · 2 ba · sleeps 4 | $40,646 | $244 | 46% | 5★ (165) | 0.6 mi | AirbnbVrbo |
Couples Retreat-Jacuzzi-Fireplace-Resort Amenities Cabin
| 2 bd · 2 ba · sleeps 6 | $63,127 | $304 | 57% | 5★ (33) | 0.6 mi | AirbnbVrbo |
Storybook Cabin-Hot Tub, Fire Pit & Tree Top Views Cabin
| 2 bd · 1.5 ba · sleeps 4 | $44,976 | $197 | 63% | 5★ (90) | 0.6 mi | AirbnbVrbo |
Frank's Cabin House
| 2 bd · 2 ba · sleeps 4 | $26,858 | $126 | 58% | 5★ (48) | 0.6 mi | Airbnb |
Curley's Cozy Cabin|Private Porch|Wooded Escape Cabin | 2 bd · 2 ba · sleeps 6 | $5,704 | $206 | 8% | 5★ (3) | 0.7 mi | Airbnb |
Rustic Cabin Escape - Peaceful + Private Cabin | 2 bd · 2 ba · sleeps 6 | $7,533 | $207 | 10% | 5★ (2) | 0.7 mi | Airbnb |
Cedar Shoals - Riverfront, Hot Tub - Minimum Age Cabin | 2 bd · 2 ba · sleeps 6 | $58,958 | $271 | 60% | 5★ (66) | 0.7 mi | Airbnb |
Show 2 more
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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$34,016
NOI
$14,606
Cash flow /mo
-$345
Cash needed
$97,171
Cash-on-cash
-4.3%
ROE (yr 1)
6.1%
Cap rate
5.2%
DSCR
0.78
Year-1 write-off
$66,662
Year-1 tax shield @ 32%
$21,332
Year-1 return on equity
- Cash flow (annual)-$4,143
- Principal paydown$1,702
- Appreciation at%$8,397
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)$6,803
- Platform fees (3% of revenue)$1,020
- Maintenance / capex (5% of revenue)$1,701
- Utilities & supplies$4,200
- HOA$1,188
- Property tax$1,475
- Insurance (STR-rated)$3,023
Cash needed to close
- Down payment (25%)$69,975
- Closing costs (4.0%)$11,196
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$21,332
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
$238,000
Short-life (5/15-yr)
$50,000 · 21%
Year-1 deduction
$67,000
Year-1 tax shield @ 32%
$21,000
Land 15% (market default, no usable tax-record split) · building $187,000 over 39 years · new furniture $16,000
Based on: 910 sq ft, built 2005, 2 bd / 1 ba, unfurnished, listing features (fireplace, stone counters, flooring types, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $50,000 in year 1 (14% short-life, $16,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,800
Kitchen cabinetsdefault
$7,800 new × 40% good × 2.18 allocation
- $6,900
Kitchen countertops (stone)listing
$8,000 new × 40% good × 2.18 allocation
- $1,400
Decorative trimdefault
$1,600 new × 40% good × 2.18 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 2.18 allocation
- $800
Shelvingdefault
$900 new × 40% good × 2.18 allocation
- $2,000
Window coverings (9)default
$2,300 new × 40% good × 2.18 allocation
- $5,100
Carpet, vinyl & laminate (100% of floors)listing
$5,900 new × 40% good × 2.18 allocation
- $7,700
Kitchen & laundry equipment plumbingdefault
$6,100 new × 58% good × 2.18 allocation
- $4,600
Kitchen, laundry & data equipment electricaldefault
$3,700 new × 58% good × 2.18 allocation
- $3,000
Appliances (range, microwave, dishwasher)listing
$3,500 new × 40% good × 2.18 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $6,800
Paving: driveway & walks (paved)default
$6,300 new × 50% good × 2.18 allocation
- $3,300
Landscaping (minimal)listing
$3,000 new × 50% good × 2.18 allocation
- $1,000
Patiosdefault
$900 new × 50% good × 2.18 allocation
- $1,000
Decks & porches (attached)default
$900 new × 50% good × 2.18 allocation
- $139,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$98,400 new × 65% good × 2.18 allocation
- $12,800
Building plumbing & fixturesdefault
$10,200 new × 58% good × 2.18 allocation
- $11,100
Building electrical & lightingdefault
$8,800 new × 58% good × 2.18 allocation
- $8,900
HVACdefault
$10,300 new × 40% good × 2.18 allocation
- $2,300
Fireplacelisting
$2,600 new × 40% good × 2.18 allocation
- $13,100
Septic systemlisting
$12,000 new × 50% good × 2.18 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $54,400 | $12,000 | $200 | $66,700 |
| 2 | $0 | $0 | $4,800 | $4,800 |
| 3 | $0 | $0 | $4,800 | $4,800 |
| 4 | $0 | $0 | $4,800 | $4,800 |
| 5 | $0 | $0 | $4,800 | $4,800 |
| 6+ | $0 | $0 | $168,000 | $168,000 |
| Total | $54,400 | $12,000 | $187,500 | $253,900 |
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.