673 Spalding Cir
Ellijay, GA 30540
$625,000
3 bd · 3 ba · 2,730 sqft · Listed 1d ago
View on Realtor.com →Year built
2026
Sqft
2,730
Lot sqft
29,621
HOA / mo
None
Furnished
No
List date
2026-10-22T12:03:32.000000Z
Revenue
Annual revenue
$37,487
ADR
$236
Occupancy
44%
Cleaning fees (12 mo)
$7,749
Confidence
Low (33.85), 40 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $33,330
3BR Dog Friendly | Pool | Fireplace | Deck
Cabin · 3 bd · 2.5 ba · sleeps 9 · 0.2 mi
Revenue $5,974ADR $273Occ ≈ 6%4.3★ (15)
Delisted
Mtn Retreat w/ fire pit & games
Cabin · 3 bd · 2 ba · sleeps 6 · 0.2 mi
- Pool
- A/C
- Free parking
- Wifi
- +4
Revenue $24,131ADR $186Occ ≈ 36%5★ (26)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Hillside Hideaway Cabin
| 3 bd · 3 ba · sleeps 10 | $45,496 | $354 | 35% | 5★ (6) | 0.1 mi | AirbnbVrbo |
Dreamy Ellijay Resort Cabin w/ Game Room & Decks! Cabin
| 3 bd · 3 ba · sleeps 8 | $21,417 | $207 | 28% | 4.8★ (81) | 0.1 mi | AirbnbVrboBooking |
3BR Dog Friendly | Pool | Fireplace | Deck Cabin | 3 bd · 2.5 ba · sleeps 9 | $5,974 | $273 | 6% | 4.3★ (15) | 0.2 mi | Delisted |
Star Seasons Retreat| Breathe Relax Enjoy House
| 3 bd · 2.5 ba · sleeps 9 | $22,412 | $168 | 37% | 4.3★ (11) | 0.2 mi | AirbnbVrboBooking |
Mtn Retreat w/ fire pit & games Cabin
| 3 bd · 2 ba · sleeps 6 | $24,131 | $186 | 36% | 5★ (26) | 0.2 mi | Airbnb |
River Resort Cabin | game room, hot tub, fire pit Cabin
| 3 bd · 3 ba · sleeps 8 | $45,803 | $246 | 51% | 5★ (175) | 0.3 mi | AirbnbVrbo |
Modern Luxurious Mountain cabin w/resort amenities Cabin
| 3 bd · 2 ba · sleeps 7 | $35,066 | $193 | 50% | 4.8★ (79) | 0.3 mi | AirbnbVrboBooking |
LOVE DOGSNoFee/FencedYard|HotTub|FirePit|GameRoom Cabin
| 3 bd · 3 ba · sleeps 8 | $49,142 | $328 | 41% | 5★ (24) | 0.3 mi | AirbnbVrbo |
3 BR home with pool table and hot tub Cabin | 3 bd · 3 ba · sleeps 6 | $7,741 | $316 | 7% | 3.6★ (3) | 0.3 mi | AirbnbBooking |
Three Bedroom Fife Bridge Villas Villa
| 3 bd · 2 ba · sleeps 6 | $627 | $209 | 1% | 1★ (1) | 0.3 mi | AirbnbVrbo |
Show 27 more
Ellijay Luxe Cabin | Hot Tub~Sauna~Cold Plunge
Cabin · 3 bd · 3 ba · sleeps 7 · 0.5 mi
Revenue $22,949ADR $216Occ ≈ 29%5★ (15)
Creekside Ellijay - Kid Friendly Escape
Cabin · 3 bd · 3 ba · sleeps 9 · 0.5 mi
Revenue $72,675ADR $337Occ ≈ 59%5★ (37)
A-Frame Creekside Retreat by EdgeWoods
Cabin · 3 bd · 2 ba · sleeps 8 · 0.5 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $6,907ADR $175Occ ≈ 11%5★ (4)
Sauna • Hot Tub • Cold Plunge | Luxe Cabin
Cabin · 3 bd · 3 ba · sleeps 7 · 0.5 mi
Revenue $34,887ADR $287Occ ≈ 33%5★ (19)
Upscale spacious cabin with decks on 3 levels
Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $39,532ADR $241Occ ≈ 45%5★ (113)
Rustic Sanctuary Cabin/3BR/2B
Cabin · 3 bd · 2 ba · sleeps 6 · 0.6 mi
- Pool
- A/C
- Free parking
- Wifi
- +3
Revenue $20,372ADR $202Occ ≈ 28%5★ (62)
Secluded Roaring River Escape w/Amazing Amenities!
Cabin · 3 bd · 3 ba · sleeps 7 · 0.7 mi
- Hot tub
- Pool
- A/C
- Free parking
- +7
Revenue $41,119ADR $234Occ ≈ 48%4.8★ (395)
NEW BUILD River view/access, Pool table, Hot Tub
Cabin · 3 bd · 3 ba · sleeps 10 · 0.7 mi
- Hot tub
- Pool
- A/C
- Free parking
- +7
Revenue $59,416ADR $447Occ ≈ 36%5★ (17)
Secluded Cabin Rental with a Hot Tub in the Blue Ridge Mountains, Georgia
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.8 mi
Revenue $2,610ADR $232Occ ≈ 3%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Ellijay 3BR in Resort w/ Hot Tub, Fire Pit, Decks Cabin
| 3 bd · 2 ba · sleeps 6 | $8,043 | $267 | 8% | 4.8★ (29) | 0.3 mi | AirbnbVrboBooking |
River of Dreams - Secluded River Cabin Cabin | 3 bd · 2.5 ba · sleeps 6 | $33,330 | $348 | 26% | 4.8★ (67) | 0.4 mi | AirbnbBooking |
Ellijay Luxe Cabin | Hot Tub~Sauna~Cold Plunge Cabin | 3 bd · 3 ba · sleeps 7 | $22,949 | $216 | 29% | 5★ (15) | 0.5 mi | Airbnb |
River Daze - A Beautiful River Front Brick House O Cabin
| 3 bd · 2.5 ba · sleeps 10 | $26,951 | $372 | 20% | 4.7★ (78) | 0.5 mi | AirbnbVrboBooking |
Creekside Ellijay - Kid Friendly Escape Cabin | 3 bd · 3 ba · sleeps 9 | $72,675 | $337 | 59% | 5★ (37) | 0.5 mi | Airbnb |
Creek Cabin w/ Zipline, Hot Tub, Deer, Fireplaces Cabin
| 3 bd · 3 ba · sleeps 10 | $76,613 | $287 | 73% | 5★ (67) | 0.5 mi | AirbnbVrboBooking |
Cozy Ellijay Mountain Cabin • Hot Tub & Fireplace Cabin
| 3 bd · 3 ba · sleeps 8 | $54,015 | $234 | 63% | 5★ (91) | 0.5 mi | AirbnbVrbo |
A-Frame Creekside Retreat by EdgeWoods Cabin
| 3 bd · 2 ba · sleeps 8 | $6,907 | $175 | 11% | 5★ (4) | 0.5 mi | Airbnb |
Sauna • Hot Tub • Cold Plunge | Luxe Cabin Cabin | 3 bd · 3 ba · sleeps 7 | $34,887 | $287 | 33% | 5★ (19) | 0.5 mi | Airbnb |
Ellijay Luxe Cabin | Hot Tub~Sauna~Cold Plunge Cabin
| 3 bd · 3 ba · sleeps 7 | $12,552 | $246 | 14% | 4.9★ (8) | 0.5 mi | AirbnbVrbo |
Peaceful Ellijay Cabin: Pool Access & Resort Perks Cabin
| 3 bd · 3.5 ba · sleeps 8 | $20,828 | $245 | 23% | 5★ (38) | 0.6 mi | AirbnbVrboBooking |
Upscale spacious cabin with decks on 3 levels Cabin
| 3 bd · 3.5 ba · sleeps 10 | $39,532 | $241 | 45% | 5★ (113) | 0.6 mi | Airbnb |
Rustic Sanctuary Cabin/3BR/2B Cabin
| 3 bd · 2 ba · sleeps 6 | $20,372 | $202 | 28% | 5★ (62) | 0.6 mi | Airbnb |
Secluded Cabin-Pool access/7Beds Cabin
| 3 bd · 3 ba · sleeps 9 | $49,659 | $215 | 63% | 4.8★ (157) | 0.6 mi | AirbnbVrbo |
Creek-Side Cabin with Hot tub, Fire pit and Games! Cabin
| 3 bd · 4 ba · sleeps 8 | $54,991 | $228 | 66% | 5★ (108) | 0.6 mi | AirbnbVrbo |
New Wellness Cabin-Sauna-Plunge-Hot Tub-Peloton Cabin
| 3 bd · 2 ba · sleeps 8 | $75,122 | $330 | 62% | 5★ (76) | 0.6 mi | AirbnbVrbo |
5-Star Cabin w/Hot Tub, Game Room, & Resort Perks! Cabin
| 3 bd · 2.5 ba · sleeps 6 | $55,261 | $264 | 57% | 5★ (185) | 0.7 mi | AirbnbVrboBooking |
River’s Echo - Riverfront Cabin in Ellijay Cabin
| 3 bd · 3 ba · sleeps 6 | $71,615 | $298 | 66% | 5★ (331) | 0.7 mi | AirbnbVrbo |
Secluded Roaring River Escape w/Amazing Amenities! Cabin
| 3 bd · 3 ba · sleeps 7 | $41,119 | $234 | 48% | 4.8★ (395) | 0.7 mi | Airbnb |
Modern Ellijay Cabin Rental w/ Outdoor Fireplace Cabin | 3 bd · 2 ba · sleeps 6 | $20,997 | $168 | 34% | 5★ (47) | 0.7 mi | AirbnbBooking |
Deer Haven Cottage I Long Range Mountain View Cabin
| 3 bd · 2 ba · sleeps 6 | $18,445 | $261 | 19% | 4.8★ (15) | 0.7 mi | AirbnbVrbo |
Rapid Retreat-Coosawattee Cabin | 3 bd · 3 ba · sleeps 8 | $68,431 | $286 | 66% | 4.8★ (90) | 0.7 mi | AirbnbBooking |
The Lonesome Pine Cabin | 3 bd · 2 ba · sleeps 6 | $932 | $233 | 1% | 5★ (177) | 0.7 mi | Airbnb |
Shady River Retreat House
| 3 bd · 3 ba · sleeps 6 | $33,722 | $204 | 45% | 4.9★ (212) | 0.7 mi | AirbnbVrbo |
NEW BUILD River view/access, Pool table, Hot Tub Cabin
| 3 bd · 3 ba · sleeps 10 | $59,416 | $447 | 36% | 5★ (17) | 0.7 mi | Airbnb |
Modern rustic cabin~ Hot Tub~ Pet Friendly House
| 3 bd · 3 ba · sleeps 8 | $7,746 | $249 | 9% | 5★ (7) | 0.7 mi | AirbnbVrbo |
Secluded Cabin Rental with a Hot Tub in the Blue Ridge Mountains, Georgia Vacation home | 3 bd · 2 ba · sleeps 6 | $2,610 | $232 | 3% | — | 0.8 mi | Booking |
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 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium
Est. revenue
$37,487
NOI
$15,988
Cash flow /mo
-$2,130
Cash needed
$200,750
Cash-on-cash
-12.7%
ROE (yr 1)
-1.5%
Cap rate
2.6%
DSCR
0.38
Year-1 write-off
$108,760
Year-1 tax shield @ 32%
$34,803
Year-1 return on equity
- Cash flow (annual)-$25,561
- Principal paydown$3,862
- Appreciation at%$18,750
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)$7,497
- Platform fees (3% of revenue)$1,125
- Maintenance / capex (5% of revenue)$1,874
- Utilities & supplies$4,200
- HOA$0
- Property tax$53
- Insurance (STR-rated)$6,750
Cash needed to close
- Down payment (25%)$156,250
- Closing costs (4.0%)$25,000
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$34,803
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
$531,000
Short-life (5/15-yr)
$89,000 · 17%
Year-1 deduction
$109,000
Year-1 tax shield @ 32%
$35,000
Land 15% (market default, no usable tax-record split) · building $442,000 over 39 years · new furniture $20,000
Based on: 2,730 sq ft, built 2026, 3 bd / 3 ba, unfurnished, listing features (fireplace, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $76,000 in year 1 (11% short-life, $24,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $12,500
Kitchen cabinetsdefault
$11,800 new × 100% good × 1.06 allocation
- $10,200
Kitchen countertopsdefault
$9,600 new × 100% good × 1.06 allocation
- $5,100
Decorative trimdefault
$4,800 new × 100% good × 1.06 allocation
- $500
Mirrorsdefault
$500 new × 100% good × 1.06 allocation
- $1,300
Shelvingdefault
$1,200 new × 100% good × 1.06 allocation
- $7,100
Window coverings (27)default
$6,800 new × 100% good × 1.06 allocation
- $4,700
Carpet, vinyl & laminate (25% of floors)listing
$4,400 new × 100% good × 1.06 allocation
- $9,700
Kitchen & laundry equipment plumbingdefault
$9,200 new × 100% good × 1.06 allocation
- $5,900
Kitchen, laundry & data equipment electricaldefault
$5,500 new × 100% good × 1.06 allocation
- $3,700
Appliances (range, microwave, dishwasher)listing
$3,500 new × 100% good × 1.06 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $11,500
Paving: driveway & walks (paved)default
$10,800 new × 100% good × 1.06 allocation
- $11,000
Landscaping (typical)default
$10,400 new × 100% good × 1.06 allocation
- $2,900
Patiosdefault
$2,700 new × 100% good × 1.06 allocation
- $2,900
Decks & porches (attached)default
$2,700 new × 100% good × 1.06 allocation
- $314,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$296,600 new × 100% good × 1.06 allocation
- $32,600
Building plumbing & fixturesdefault
$30,800 new × 100% good × 1.06 allocation
- $33,800
Building electrical & lightingdefault
$31,900 new × 100% good × 1.06 allocation
- $32,600
HVACdefault
$30,800 new × 100% good × 1.06 allocation
- $14,000
Hardwood & tile floorsdefault
$13,200 new × 100% good × 1.06 allocation
- $2,800
Fireplacelisting
$2,600 new × 100% good × 1.06 allocation
- $12,700
Septic systemlisting
$12,000 new × 100% good × 1.06 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $80,100 | $28,200 | $500 | $108,800 |
| 2 | $0 | $0 | $11,300 | $11,300 |
| 3 | $0 | $0 | $11,300 | $11,300 |
| 4 | $0 | $0 | $11,300 | $11,300 |
| 5 | $0 | $0 | $11,300 | $11,300 |
| 6+ | $0 | $0 | $396,600 | $396,600 |
| Total | $80,100 | $28,200 | $442,500 | $550,800 |
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.