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783 N Moreland Dr

783 N Moreland Dr

Cherry Log, GA 30522

$674,900

3 bd · 3 ba · 1,728 sqft · Listed 18d ago

View on Realtor.com →
Rental historyEst. land %

Year built

2017

Sqft

1,728

Lot sqft

90,169

HOA / mo

$25

Furnished

No

List date

2026-09-09T18:38:43.000000Z

Revenue

Annual revenue

$50,997

ADR

$271

Occupancy

52%

Cleaning fees (12 mo)

$10,084

Confidence

Low (48.35), 17 comps

Comp revenue range (p25 / median / p75)

$29,848$41,967$53,439

  • The Debonair Bear

    Cabin · 3 bd · 2 ba · sleeps 8 · 13 ft

    Revenue $52,465ADR $331Occ ≈ 43%4.9★ (18)

    AirbnbVrboBooking

  • Simply Devine at Water's Edge

    Cabin · 3 bd · 2.5 ba · sleeps 6 · 0.2 mi

    Revenue $33,360ADR $246Occ ≈ 37%5★ (65)

    AirbnbVrboBooking

  • S'More Fun Hot Tub + Blue Ridge Mtns Sunsets

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $49,637ADR $250Occ ≈ 54%5★ (79)

    AirbnbVrbo

  • Cardinal Ridge -Pet Friendly, Hot Tub, Mtn Views

    House · 3 bd · 3 ba · sleeps 10 · 0.6 mi

    Revenue $95,526ADR $495Occ ≈ 53%4.8★ (18)

    AirbnbVrboBooking

  • Sunset-View 3BR Blue Ridge Cabin • Hot Tub

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $58,736ADR $222Occ ≈ 72%4.9★ (232)

    AirbnbVrbo

  • Cozy Cabin • Hot Tub • King Suite • EV Charger

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $29,848ADR $205Occ ≈ 40%5★ (35)

    AirbnbVrbo

  • Mountain Oasis: Hot Tub & Game Room - Sleeps 8

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $41,967ADR $223Occ ≈ 52%4.9★ (89)

    AirbnbVrbo

  • 95' Zipline | NEW Cabin | Hot Tub | Game Room

    Cabin · 3 bd · 3.5 ba · sleeps 11 · 0.6 mi

    Revenue $82,241ADR $307Occ ≈ 73%5★ (172)

    AirbnbVrbo

  • Witzy Woods Cabin

    Vacation home · 3 bd · 2 ba · sleeps 5 · 0.6 mi

    Revenue $28,955ADR $214Occ ≈ 37%—

    Booking

  • The Fox Hole Blue Ridge

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $9,068ADR $299Occ ≈ 8%5★ (1)

    Booking

Show all 17 comps

  • Golden Oaks at Sugar Creek | Blue Ridge Cabin

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.7 mi

    Revenue $35,226ADR $369Occ ≈ 26%4.8★ (93)

    AirbnbVrbo

  • Sleeps 7 | Pool Table, Hot Tub, 17 min to BR

    Cabin · 3 bd · 2 ba · sleeps 7 · 0.7 mi

    Revenue $53,439ADR $258Occ ≈ 57%4.9★ (198)

    AirbnbVrbo

  • Blue Ridge Cabin | Mountain View | Hot Tub

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $49,704ADR $209Occ ≈ 65%5★ (142)

    AirbnbVrboBooking

  • Hot tub|Dog Friendly|Close to dwtn BR/Ellijay

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $8,498ADR $354Occ ≈ 7%4.3★ (48)

    AirbnbVrbo

  • Wine Down- Blue Ridge GA

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $28,122ADR $249Occ ≈ 31%4.3★ (5)

    AirbnbVrboBooking

  • Acorn Ridge - Pet Friendly Blue Ridge Cabin

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.8 mi

    Revenue $32,185ADR $227Occ ≈ 39%4.6★ (5)

    AirbnbVrboBooking

  • The Nook: Cozy Cabin w/ Fireplace & Sunrises

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.8 mi

    Revenue $53,766ADR $218Occ ≈ 68%4.9★ (51)

    Airbnb

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

Est. revenue

$50,997

NOI

$21,282

Cash flow /mo

$1,773

Cash needed

$727,396

Cash-on-cash (all cash)

2.9%

ROE (yr 1)

5.7%

Cap rate

3.2%

DSCR

—

Year-1 write-off

$139,078

Year-1 tax shield @ 32%

$44,505

Year-1 return on equity

  • Cash flow (annual)$21,282
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$20,247
ROE5.7%
ROE incl. year-1 tax savings (32% bracket, STR loophole)11.8%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$10,199
  • Platform fees (3% of revenue)$1,530
  • Maintenance / capex (5% of revenue)$2,550
  • Utilities & supplies$4,200
  • HOA$300
  • Property tax$3,647
  • Insurance (STR-rated)$7,289

Cash needed to close

  • Purchase price (all cash)$674,900
  • Closing costs (4.0%)$26,996
  • Furnishing (bought new)$25,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$44,505

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

$574,000

Short-life (5/15-yr)

$112,000 · 20%

Year-1 deduction

$139,000

Year-1 tax shield @ 32%

$45,000

Land 15% (market default, no usable tax-record split) · building $462,000 over 39 years · new furniture $26,000

Based on: 1,728 sq ft, built 2017, 3 bd / 3 ba, unfurnished, listing features (deck, patio, game room, fireplace, stone counters, flooring types, appliance list, septic, wooded lot).

IRS-guide safe-harbor floor: $84,000 in year 1 (10% short-life, $27,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$87,100

  • Kitchen cabinetsdefault

    $9,600 new × 64% good × 2.12 allocation

    $13,000

  • Kitchen countertops (stone)listing

    $9,800 new × 64% good × 2.12 allocation

    $13,300

  • Decorative trimdefault

    $3,000 new × 64% good × 2.12 allocation

    $4,100

  • Mirrorsdefault

    $500 new × 40% good × 2.12 allocation

    $400

  • Shelvingdefault

    $1,200 new × 64% good × 2.12 allocation

    $1,600

  • Window coverings (17)default

    $4,300 new × 40% good × 2.12 allocation

    $3,600

  • Kitchen & laundry equipment plumbingdefault

    $7,500 new × 82% good × 2.12 allocation

    $13,000

  • Kitchen, laundry & data equipment electricaldefault

    $4,500 new × 82% good × 2.12 allocation

    $7,800

  • Appliances (range, microwave, dishwasher, refrigerator)listing

    $5,700 new × 40% good × 2.12 allocation

    $4,800

  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500

  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$50,500

  • Paving: driveway & walks (paved)default

    $8,600 new × 64% good × 2.12 allocation

    $11,700

  • Landscaping (minimal)listing

    $4,100 new × 64% good × 2.12 allocation

    $5,600

  • Patioslisting

    $7,800 new × 64% good × 2.12 allocation

    $10,500

  • Decks & porches (attached)listing

    $19,400 new × 55% good × 2.12 allocation

    $22,600
Building, 39-year$461,600

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $187,200 new × 85% good × 2.12 allocation

    $336,900

  • Building plumbing & fixturesdefault

    $19,400 new × 82% good × 2.12 allocation

    $33,700

  • Building electrical & lightingdefault

    $19,200 new × 82% good × 2.12 allocation

    $33,300

  • HVACdefault

    $19,500 new × 55% good × 2.12 allocation

    $22,700

  • Hardwood & tile floorsdefault

    $11,100 new × 64% good × 2.12 allocation

    $15,100

  • Fireplacelisting

    $2,600 new × 64% good × 2.12 allocation

    $3,600

  • Septic systemlisting

    $12,000 new × 64% good × 2.12 allocation

    $16,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$87,100$50,500$1,500$139,100
2$0$0$11,800$11,800
3$0$0$11,800$11,800
4$0$0$11,800$11,800
5$0$0$11,800$11,800
6+$0$0$412,700$412,700
Total$87,100$50,500$461,600$599,200

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.