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156 Cedar Ridge Rd

156 Cedar Ridge Rd

Blue Ridge, GA 30513

$595,000

3 bd · 3 ba · 2,145 sqft · Listed 23d ago

View on Realtor.com →
Low confidenceEst. land %

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)

$26,271$35,412$53,810

  • Mountain Lodge

    Cabin · 3 bd · 3 ba · sleeps 6 · 167 ft

    Revenue $28,506ADR $318Occ ≈ 25%5★ (4)

    Airbnb

  • Blue Ridge Dreamy Sunsets

    Cabin · 3 bd · 3 ba · sleeps 8 · 223 ft

    Revenue $30,398ADR $253Occ ≈ 33%4.8★ (61)

    AirbnbVrbo

  • Cedar Ridge | $199 Off Your Stay!

    Cabin · 3 bd · 3 ba · sleeps 8 · 522 ft

    Revenue $35,412ADR $320Occ ≈ 30%5★ (54)

    AirbnbVrboBooking

  • Hide N Seek Mountain Retreat

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.1 mi

    Revenue $53,810ADR $250Occ ≈ 59%5★ (329)

    AirbnbVrbo

  • Appalachian Getaway

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.1 mi

    Revenue $37,213ADR $273Occ ≈ 37%5★ (3)

    AirbnbBooking

  • Casa Azul - Pet Friendly | Hot Tub | Fire Pit

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

    Revenue $26,271ADR $318Occ ≈ 23%5★ (2)

    AirbnbVrbo

  • Casa Azul

    Vacation home · 3 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $23,528ADR $336Occ ≈ 19%—

    Booking

  • Fightingtown Creek Retreat llc

    Cabin · 3 bd · 3 ba · sleeps 5 · 0.2 mi

    Revenue $30,018ADR $167Occ ≈ 49%4.8★ (206)

    AirbnbVrbo

  • Great Day Lodge

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.3 mi

    Revenue $23,004ADR $236Occ ≈ 27%5★ (12)

    AirbnbVrboBooking

  • Gorgeous Cabin - King Bed, Hot Tub, xBox, Big Deck

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $69,585ADR $269Occ ≈ 71%5★ (220)

    AirbnbVrbo

Show all 25 comps

  • Nina's Cabin - Easy access and close to town.

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.3 mi

    Revenue $19,576ADR $181Occ ≈ 30%4.6★ (201)

    AirbnbVrbo

  • Luxe Cabin: Hot Tub • Putting Green • Pet Friendly

    Cabin · 3 bd · 3.5 ba · sleeps 12 · 0.3 mi

    Revenue $107,938ADR $542Occ ≈ 55%5★ (43)

    AirbnbVrbo

  • Abide Away-Discounted Rates Late Summer/Early Fall

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

    Revenue $54,543ADR $296Occ ≈ 50%5★ (37)

    AirbnbVrbo

  • Catch of the Day - Epworth GA- Fightingtown Creek

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

    Revenue $76,214ADR $286Occ ≈ 73%4.4★ (12)

    AirbnbVrboBooking

  • Harmony A Nature Haven on 3.7 acres 15 min to BR

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

    Revenue $27,176ADR $202Occ ≈ 37%4.5★ (134)

    AirbnbVrbo

  • 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)

    Vrbo

  • MtnViews*GameRm*AllKingBeds*FirePit*HotTub*Hiking

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

    Revenue $50,401ADR $320Occ ≈ 43%5★ (58)

    AirbnbVrboBooking

  • 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)

    Airbnb

  • Blue Ridge Cabin w/ Hot Tub, Firepit + Game Room

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

    Revenue $41,660ADR $254Occ ≈ 45%5★ (104)

    AirbnbVrbo

  • Creekfront! Hottub-Firepit-Outdoor movies-GameRoom

    Cabin · 3 bd · 2 ba · sleeps 7 · 0.5 mi

    Revenue $42,383ADR $321Occ ≈ 36%5★ (79)

    AirbnbVrboBooking

  • Almost Heaven- Game Room, HotTub,Outdoor Fireplace

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

    Revenue $74,930ADR $382Occ ≈ 54%4.8★ (47)

    AirbnbVrboBooking

  • Secluded creekside cabin with biking/hiking trails

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

    Revenue $26,369ADR $339Occ ≈ 21%5★ (42)

    AirbnbVrbo

  • Blue Deer Mountain

    House · 3 bd · 2.5 ba · sleeps 8 · 0.7 mi

    Revenue $44,889ADR $218Occ ≈ 56%5★ (41)

    AirbnbVrbo

  • Silver Eagle Lodge

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.7 mi

    Revenue $53,922ADR $373Occ ≈ 40%5★ (86)

    AirbnbVrbo

  • 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)

    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

$40,632

NOI

$16,991

Cash flow /mo

$1,416

Cash needed

$644,300

Cash-on-cash (all cash)

2.6%

ROE (yr 1)

5.4%

Cap rate

2.9%

DSCR

—

Year-1 write-off

$126,121

Year-1 tax shield @ 32%

$40,359

Year-1 return on equity

  • Cash flow (annual)$16,991
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$17,850
ROE5.4%
ROE incl. year-1 tax savings (32% bracket, STR loophole)11.7%
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

  • Purchase price (all cash)$595,000
  • 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.

5-year property$82,600

  • Kitchen cabinetsdefault

    $10,500 new × 40% good × 2.09 allocation

    $8,800

  • Kitchen countertopsdefault

    $8,600 new × 40% good × 2.09 allocation

    $7,200

  • Decorative trimdefault

    $3,800 new × 40% good × 2.09 allocation

    $3,100

  • Mirrorsdefault

    $500 new × 40% good × 2.09 allocation

    $400

  • Shelvingdefault

    $1,200 new × 40% good × 2.09 allocation

    $1,000

  • Window coverings (21)default

    $5,300 new × 40% good × 2.09 allocation

    $4,400

  • Carpet, vinyl & laminate (40% of floors)listing

    $5,500 new × 40% good × 2.09 allocation

    $4,600

  • Kitchen & laundry equipment plumbingdefault

    $8,200 new × 56% good × 2.09 allocation

    $9,600

  • Kitchen, laundry & data equipment electricaldefault

    $4,900 new × 56% good × 2.09 allocation

    $5,800

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

    $5,700 new × 40% good × 2.09 allocation

    $4,800

  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.09 allocation

    $7,500

  • 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$42,300

  • Paving: driveway & walks (paved)default

    $9,600 new × 50% good × 2.09 allocation

    $10,000

  • Landscaping (minimal)listing

    $4,600 new × 50% good × 2.09 allocation

    $4,800

  • Patiosdefault

    $2,100 new × 50% good × 2.09 allocation

    $2,200

  • Decks & porches (attached)listing

    $24,100 new × 50% good × 2.09 allocation

    $25,200
Building, 39-year$406,400

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

    $232,700 new × 63% good × 2.09 allocation

    $307,800

  • Building plumbing & fixturesdefault

    $24,100 new × 56% good × 2.09 allocation

    $28,200

  • Building electrical & lightingdefault

    $24,500 new × 56% good × 2.09 allocation

    $28,600

  • HVACdefault

    $24,200 new × 40% good × 2.09 allocation

    $20,200

  • Hardwood & tile floorsdefault

    $8,300 new × 40% good × 2.09 allocation

    $6,900

  • Fireplacelisting

    $2,600 new × 40% good × 2.09 allocation

    $2,200

  • Septic systemlisting

    $12,000 new × 50% good × 2.09 allocation

    $12,500

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
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.