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Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

33 Foxhound Dr

33 Foxhound Dr

Ellijay, GA 30540

$399,999

3 bd · 1.5 ba · 1,458 sqft · Listed 9d ago

View on Realtor.com →
Rental historyNegative cash flow

Year built

1985

Sqft

1,458

Lot sqft

21,780

HOA / mo

None

Furnished

Yes

List date

2026-09-18T00:07:32.000000Z

Revenue

Annual revenue

$36,652

ADR

$225

Occupancy

45%

Cleaning fees (12 mo)

$8,220

Confidence

Low (48.91), 29 comps

Comp revenue range (p25 / median / p75)

$25,720$35,094$46,630
  • 3 Mi to Dtwn Ellijay: Tree-Lined Cabin w/ Deck!

    Cabin · 3 bd · 1.5 ba · sleeps 6 · 10 ft

    Revenue $35,094ADR $229Occ ≈ 42%4.5★ (12)

    AirbnbVrboBooking

  • Treehouse in Coosawatee River Resort

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $4,915ADR $188Occ ≈ 7%5★ (17)

    Vrbo

  • Dog-Friendly | Hot Tub + Indoor Pool, Firepit

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.2 mi

    Revenue $33,944ADR $254Occ ≈ 37%5★ (18)

    AirbnbVrbo

  • Cozy Ellijay Cabin: Hot Tub, Yard, & Resort Access

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.2 mi

    Revenue $53,907ADR $189Occ ≈ 78%5★ (44)

    AirbnbVrboBooking

  • Hemlock Hideaway

    House · 3 bd · 2.5 ba · sleeps 7 · 0.3 mi

    Revenue $30,280ADR $270Occ ≈ 31%5★ (90)

    AirbnbVrboBooking

  • 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)

    Vrbo

  • A Harmony Of Coziness & Charm~ Fire pit, Workspace

    Cabin · 3 bd · 1.5 ba · sleeps 6 · 0.3 mi

    Revenue $46,665ADR $180Occ ≈ 71%5★ (32)

    AirbnbVrboBooking

  • Deer-Topia! Resort cabin & wineries,pet friendly

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $27,185ADR $210Occ ≈ 35%5★ (82)

    AirbnbVrbo

  • Brand New, 3 BR Modern Luxury Cabin,fireplaces etc

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $14,107ADR $432Occ ≈ 9%5★ (20)

    AirbnbVrbo

  • 2 Mi to Dtwn Ellijay! Outdoorsy Escape w/ Hot Tub

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $12,469ADR $257Occ ≈ 13%4.3★ (6)

    AirbnbVrboBooking

Show all 29 comps
  • Riverfront Ellijay Cabin w/ Deck + Pool Access!

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $46,956ADR $180Occ ≈ 71%4.5★ (84)

    AirbnbVrboBooking

  • 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%—

    Booking

  • Riverfront|Fenced|Game Room|Playset|Apple Festival

    House · 3 bd · 2 ba · sleeps 12 · 0.4 mi

    Revenue $66,341ADR $530Occ ≈ 34%5★ (20)

    AirbnbVrboBooking

  • Cool Waters

    House · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $29,830ADR $198Occ ≈ 41%5★ (12)

    Airbnb

  • 3BR bohemian cabin with hot tub & resort amenities

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $25,720ADR $247Occ ≈ 29%4.7★ (17)

    AirbnbVrboBooking

  • Riverfront Ellijay Cabin w/Hot Tub+Arcade-Sleeps 6

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $46,465ADR $200Occ ≈ 64%5★ (148)

    AirbnbVrboBooking

  • Riverfront Cabin-Hot Tub-Mini Golf-Arcade-Fire Pit

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.5 mi

    Revenue $83,286ADR $359Occ ≈ 64%5★ (56)

    AirbnbVrbo

  • Riverview Hideaway | Dog-Friendly Riverview Cabin

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    Revenue $22,043ADR $399Occ ≈ 15%4.8★ (32)

    AirbnbVrbo

  • Casa Del Rio | Ellijay, Georgia

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

    Revenue $46,630ADR $332Occ ≈ 38%4.9★ (33)

    AirbnbVrbo

  • Goose Rock: River Fun+Design Coolness+Apple Pie

    Cabin · 3 bd · 2.5 ba · sleeps 6 · 0.6 mi

    Revenue $36,434ADR $338Occ ≈ 30%5★ (132)

    AirbnbVrbo

  • Cozy Riverfront Cabin w/ Hot Tub

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

    Revenue $31,044ADR $239Occ ≈ 36%5★ (64)

    AirbnbVrbo

  • NEW 3-bedroom cozy cabin on 3 acres in awesome Ellijay, with a hot tub!

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

    Revenue $64,506ADR $229Occ ≈ 77%5★ (1)

    Vrbo

  • Riverfront Cabin w/ Screened Gazebo & EV Charger

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

    Revenue $36,078ADR $224Occ ≈ 44%5★ (55)

    AirbnbVrboBooking

  • Relaxing River Retreat on the river hot tub, firep

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

    Revenue $39,136ADR $318Occ ≈ 34%4.5★ (32)

    AirbnbVrbo

  • River Front- Pet Friendly-Close to Wineries

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

    Revenue $38,331ADR $301Occ ≈ 35%4.8★ (72)

    AirbnbVrbo

  • Bearly Behaving

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.7 mi

    Revenue $63,758ADR $276Occ ≈ 63%5★ (46)

    AirbnbVrbo

  • Riverside Retreat: Fireplace, Hot tub and pool!

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

    Revenue $38,801ADR $228Occ ≈ 47%4.9★ (38)

    AirbnbVrbo

  • Riveredge Escape Cabin-Tubing, PlaySet, Resort

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

    Revenue $11,055ADR $544Occ ≈ 6%—

    Booking

  • Beautiful River House On The River!

    House · 3 bd · 2 ba · sleeps 8 · 0.7 mi

    Revenue $17,530ADR $239Occ ≈ 20%4.8★ (16)

    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
Term

Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

Est. revenue

$36,652

NOI

$16,292

Cash flow /mo

-$798

Cash needed

$116,000

Cash-on-cash

-8.3%

ROE (yr 1)

4.3%

Cap rate

4.1%

DSCR

0.63

Year-1 write-off

$110,475

Year-1 tax shield @ 32%

$35,352

Year-1 return on equity

  • Cash flow (annual)-$9,573
  • Principal paydown$2,618
  • Appreciation at%$12,000
ROE4.3%
ROE incl. year-1 tax savings (32% bracket, STR loophole)34.8%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$7,330
  • Platform fees (3% of revenue)$1,100
  • Maintenance / capex (5% of revenue)$1,833
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$1,577
  • Insurance (STR-rated)$4,320

Cash needed to close

  • Down payment (25%)$100,000
  • Closing costs (4.0%)$16,000
  • Furnishing (conveyed with the sale)$0

Tax savings if the STR loophole applies

  • Tax shield @ 32%$35,352

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

$387,000

Short-life (5/15-yr)

$110,000 · 28%

Year-1 deduction

$110,000

Year-1 tax shield @ 32%

$35,000

Land 3% (county tax record, market value split) · building $277,000 over 39 years

Based on: 1,458 sq ft, built 1985, 3 bd / 1.5 ba, furnished, listing features (deck, fireplace, stone counters, flooring types, appliance list, septic).

IRS-guide safe-harbor floor: $60,000 in year 1 (15% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$60,100
  • Kitchen cabinetsdefault

    $9,000 new × 40% good × 2.97 allocation

    $10,700
  • Kitchen countertops (stone)listing

    $9,200 new × 40% good × 2.97 allocation

    $10,900
  • Decorative trimdefault

    $2,600 new × 40% good × 2.97 allocation

    $3,000
  • Mirrorsdefault

    $200 new × 40% good × 2.97 allocation

    $200
  • Shelvingdefault

    $1,200 new × 40% good × 2.97 allocation

    $1,400
  • Window coverings (15)default

    $3,800 new × 40% good × 2.97 allocation

    $4,400
  • Kitchen & laundry equipment plumbingdefault

    $7,000 new × 40% good × 2.97 allocation

    $8,300
  • Kitchen, laundry & data equipment electricaldefault

    $4,200 new × 40% good × 2.97 allocation

    $5,000
  • Appliances (range, dishwasher, refrigerator, washer, dryer)listing

    $7,000 new × 40% good × 2.97 allocation

    $8,300
  • Furniture conveyed with the sale (used)listing

    $19,500 new × 40% good · out of the price

    $7,800
15-year land improvements$49,500
  • Paving: driveway & walks (paved)default

    $7,900 new × 50% good × 2.97 allocation

    $11,700
  • Landscaping (typical)default

    $7,600 new × 50% good × 2.97 allocation

    $11,300
  • Patiosdefault

    $1,400 new × 50% good × 2.97 allocation

    $2,100
  • Decks & porches (attached)listing

    $16,400 new × 50% good × 2.97 allocation

    $24,300
Building, 39-year$277,000
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $158,000 new × 40% good × 2.97 allocation

    $187,400
  • Building plumbing & fixturesdefault

    $16,400 new × 40% good × 2.97 allocation

    $19,400
  • Building electrical & lightingdefault

    $15,800 new × 40% good × 2.97 allocation

    $18,700
  • HVACdefault

    $16,400 new × 40% good × 2.97 allocation

    $19,500
  • Hardwood & tile floorsdefault

    $9,400 new × 40% good × 2.97 allocation

    $11,100
  • Fireplacelisting

    $2,600 new × 40% good × 2.97 allocation

    $3,100
  • Septic systemlisting

    $12,000 new × 50% good × 2.97 allocation

    $17,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$60,100$49,500$900$110,500
2$0$0$7,100$7,100
3$0$0$7,100$7,100
4$0$0$7,100$7,100
5$0$0$7,100$7,100
6+$0$0$247,700$247,700
Total$60,100$49,500$277,000$386,600

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.