156 Cedar Ridge Rd
Blue Ridge, GA 30513
$595,000
3 bd · 3 ba · 2,145 sqft · Listed 23d ago
View on Realtor.com →Year built
2004
Sqft
2,145
Lot sqft
71,438
HOA / mo
$0
Furnished
No
List date
2026-09-04T15:44:22.000000Z
Revenue
Annual revenue
$40,632
ADR
$265
Occupancy
42%
Cleaning fees (12 mo)
$7,679
Confidence
Low (39.92), 25 comps
Comp revenue range (p25 / median / p75)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 Mountain Lodge Cabin | 3 bd · 3 ba · sleeps 6 | $28,506 | $318 | 25% | 5★ (4) | 167 ft | Airbnb |
 Blue Ridge Dreamy Sunsets Cabin | 3 bd · 3 ba · sleeps 8 | $30,398 | $253 | 33% | 4.8★ (61) | 223 ft | AirbnbVrbo |
 Cedar Ridge | $199 Off Your Stay! Cabin | 3 bd · 3 ba · sleeps 8 | $35,412 | $320 | 30% | 5★ (54) | 522 ft | AirbnbVrboBooking |
 Hide N Seek Mountain Retreat Cabin | 3 bd · 3 ba · sleeps 6 | $53,810 | $250 | 59% | 5★ (329) | 0.1 mi | AirbnbVrbo |
 Appalachian Getaway Cabin | 3 bd · 3 ba · sleeps 6 | $37,213 | $273 | 37% | 5★ (3) | 0.1 mi | AirbnbBooking |
 Casa Azul - Pet Friendly | Hot Tub | Fire Pit Cabin | 3 bd · 2 ba · sleeps 8 | $26,271 | $318 | 23% | 5★ (2) | 0.2 mi | AirbnbVrbo |
 Casa Azul Vacation home | 3 bd · 2 ba · sleeps 8 | $23,528 | $336 | 19% | — | 0.2 mi | Booking |
 Fightingtown Creek Retreat llc Cabin | 3 bd · 3 ba · sleeps 5 | $30,018 | $167 | 49% | 4.8★ (206) | 0.2 mi | AirbnbVrbo |
 Great Day Lodge Cabin | 3 bd · 2.5 ba · sleeps 8 | $23,004 | $236 | 27% | 5★ (12) | 0.3 mi | AirbnbVrboBooking |
 Gorgeous Cabin - King Bed, Hot Tub, xBox, Big Deck Cabin | 3 bd · 2 ba · sleeps 8 | $69,585 | $269 | 71% | 5★ (220) | 0.3 mi | AirbnbVrbo |
Show all 25 comps
Luxurious Mountain Cabin with Hot Tub & Game Room near Blue Ridge, Georgia
Cabin · 3 bd · 3 ba · sleeps 6 · 0.5 mi
Revenue $3,094ADR $386Occ ≈ 2%5★ (1)
3BR/3BA Riverfront Cabin / Pets / Hot Tub/ Fishing
Cabin · 3 bd · 3 ba · sleeps 6 · 0.5 mi
Revenue $1,349ADR $224Occ ≈ 2%5★ (1)
Black Antler | Mt Views, Fire Pit, Hot Tub
Cabin · 3 bd · 3 ba · sleeps 8 · 0.8 mi
Revenue $19,452ADR $309Occ ≈ 17%5★ (15)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Nina's Cabin - Easy access and close to town. Cabin | 3 bd · 3 ba · sleeps 8 | $19,576 | $181 | 30% | 4.6★ (201) | 0.3 mi | AirbnbVrbo |
Luxe Cabin: Hot Tub • Putting Green • Pet Friendly Cabin | 3 bd · 3.5 ba · sleeps 12 | $107,938 | $542 | 55% | 5★ (43) | 0.3 mi | AirbnbVrbo |
Abide Away-Discounted Rates Late Summer/Early Fall Cabin | 3 bd · 3 ba · sleeps 8 | $54,543 | $296 | 50% | 5★ (37) | 0.4 mi | AirbnbVrbo |
Catch of the Day - Epworth GA- Fightingtown Creek Cabin | 3 bd · 3 ba · sleeps 6 | $76,214 | $286 | 73% | 4.4★ (12) | 0.4 mi | AirbnbVrboBooking |
Harmony A Nature Haven on 3.7 acres 15 min to BR Cabin | 3 bd · 2 ba · sleeps 6 | $27,176 | $202 | 37% | 4.5★ (134) | 0.5 mi | AirbnbVrbo |
Luxurious Mountain Cabin with Hot Tub & Game Room near Blue Ridge, Georgia Cabin | 3 bd · 3 ba · sleeps 6 | $3,094 | $386 | 2% | 5★ (1) | 0.5 mi | Vrbo |
MtnViews*GameRm*AllKingBeds*FirePit*HotTub*Hiking Cabin | 3 bd · 3 ba · sleeps 6 | $50,401 | $320 | 43% | 5★ (58) | 0.5 mi | AirbnbVrboBooking |
3BR/3BA Riverfront Cabin / Pets / Hot Tub/ Fishing Cabin | 3 bd · 3 ba · sleeps 6 | $1,349 | $224 | 2% | 5★ (1) | 0.5 mi | Airbnb |
Blue Ridge Cabin w/ Hot Tub, Firepit + Game Room Cabin | 3 bd · 3 ba · sleeps 8 | $41,660 | $254 | 45% | 5★ (104) | 0.5 mi | AirbnbVrbo |
Creekfront! Hottub-Firepit-Outdoor movies-GameRoom Cabin | 3 bd · 2 ba · sleeps 7 | $42,383 | $321 | 36% | 5★ (79) | 0.5 mi | AirbnbVrboBooking |
Almost Heaven- Game Room, HotTub,Outdoor Fireplace Cabin | 3 bd · 3 ba · sleeps 6 | $74,930 | $382 | 54% | 4.8★ (47) | 0.6 mi | AirbnbVrboBooking |
Secluded creekside cabin with biking/hiking trails Cabin | 3 bd · 2.5 ba · sleeps 8 | $26,369 | $339 | 21% | 5★ (42) | 0.6 mi | AirbnbVrbo |
Blue Deer Mountain House | 3 bd · 2.5 ba · sleeps 8 | $44,889 | $218 | 56% | 5★ (41) | 0.7 mi | AirbnbVrbo |
Silver Eagle Lodge Cabin | 3 bd · 2.5 ba · sleeps 8 | $53,922 | $373 | 40% | 5★ (86) | 0.7 mi | AirbnbVrbo |
Black Antler | Mt Views, Fire Pit, Hot Tub Cabin | 3 bd · 3 ba · sleeps 8 | $19,452 | $309 | 17% | 5★ (15) | 0.8 mi | 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
Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$40,632
NOI
$16,991
Cash flow /mo
-$1,790
Cash needed
$198,050
Cash-on-cash
-10.8%
ROE (yr 1)
0.1%
Cap rate
2.9%
DSCR
0.44
Year-1 write-off
$126,121
Year-1 tax shield @ 32%
$40,359
Year-1 return on equity
- Cash flow (annual)-$21,484
- Principal paydown$3,894
- Appreciation at%$17,850
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$8,126
- Platform fees (3% of revenue)$1,219
- Maintenance / capex (5% of revenue)$2,032
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,727
- Insurance (STR-rated)$6,337
Cash needed to close
- Down payment (25%)$148,750
- Closing costs (4.0%)$23,800
- Furnishing (bought new)$25,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$40,359
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
$506,000
Short-life (5/15-yr)
$99,000 · 20%
Year-1 deduction
$126,000
Year-1 tax shield @ 32%
$40,000
Land 15% (market default, no usable tax-record split) · building $406,000 over 39 years · new furniture $26,000
Based on: 2,145 sq ft, built 2004, 3 bd / 3 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list, septic, wooded lot).
IRS-guide safe-harbor floor: $81,000 in year 1 (11% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,800
Kitchen cabinetsdefault
$10,500 new × 40% good × 2.09 allocation
- $7,200
Kitchen countertopsdefault
$8,600 new × 40% good × 2.09 allocation
- $3,100
Decorative trimdefault
$3,800 new × 40% good × 2.09 allocation
- $400
Mirrorsdefault
$500 new × 40% good × 2.09 allocation
- $1,000
Shelvingdefault
$1,200 new × 40% good × 2.09 allocation
- $4,400
Window coverings (21)default
$5,300 new × 40% good × 2.09 allocation
- $4,600
Carpet, vinyl & laminate (40% of floors)listing
$5,500 new × 40% good × 2.09 allocation
- $9,600
Kitchen & laundry equipment plumbingdefault
$8,200 new × 56% good × 2.09 allocation
- $5,800
Kitchen, laundry & data equipment electricaldefault
$4,900 new × 56% good × 2.09 allocation
- $4,800
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 40% good × 2.09 allocation
- $7,500
Hot tub (freestanding)listing
$9,000 new × 40% good × 2.09 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $10,000
Paving: driveway & walks (paved)default
$9,600 new × 50% good × 2.09 allocation
- $4,800
Landscaping (minimal)listing
$4,600 new × 50% good × 2.09 allocation
- $2,200
Patiosdefault
$2,100 new × 50% good × 2.09 allocation
- $25,200
Decks & porches (attached)listing
$24,100 new × 50% good × 2.09 allocation
- $307,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$232,700 new × 63% good × 2.09 allocation
- $28,200
Building plumbing & fixturesdefault
$24,100 new × 56% good × 2.09 allocation
- $28,600
Building electrical & lightingdefault
$24,500 new × 56% good × 2.09 allocation
- $20,200
HVACdefault
$24,200 new × 40% good × 2.09 allocation
- $6,900
Hardwood & tile floorsdefault
$8,300 new × 40% good × 2.09 allocation
- $2,200
Fireplacelisting
$2,600 new × 40% good × 2.09 allocation
- $12,500
Septic systemlisting
$12,000 new × 50% good × 2.09 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $82,600 | $42,300 | $1,300 | $126,100 |
| 2 | $0 | $0 | $10,400 | $10,400 |
| 3 | $0 | $0 | $10,400 | $10,400 |
| 4 | $0 | $0 | $10,400 | $10,400 |
| 5 | $0 | $0 | $10,400 | $10,400 |
| 6+ | $0 | $0 | $363,400 | $363,400 |
| Total | $82,600 | $42,300 | $406,400 | $531,200 |
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.