824 Banks Rd
Ellijay, GA 30540
$675,000
4 bd · 3 ba · 3,300 sqft · Listed 56d ago
View on Realtor.com →Year built
2026
Sqft
3,300
Lot sqft
76,666
HOA / mo
$0
Furnished
No
List date
2026-09-17T15:20:05.000000Z
Revenue
Annual revenue
$48,930
ADR
$323
Occupancy
42%
Cleaning fees (12 mo)
$9,066
Confidence
Low (46.06), 17 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $48,537
Foxridge Retreat New Cabin 2025! Ellijay, Ga
Cabin · 4 bd · 3 ba · sleeps 12 · 1.1 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $82,118ADR $416Occ ≈ 54%5★ (26)
Deer Hollow Sautee Cabin
Cabin · 4 bd · 3 ba · sleeps 10 · 1.9 mi
- Pool
- A/C
- Kitchen
- Washer
- +1
Revenue $3,645ADR $165Occ ≈ 6%4.9★ (21)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Foxridge Retreat New Cabin 2025! Ellijay, Ga Cabin
| 4 bd · 3 ba · sleeps 12 | $82,118 | $416 | 54% | 5★ (26) | 1.1 mi | Airbnb |
Mountain Peak Lodge - Game Room House
| 4 bd · 3 ba · sleeps 10 | $42,739 | $352 | 33% | 4.5★ (9) | 1.6 mi | AirbnbVrboBooking |
Blue Ridge/Ellijay: Mtn views, hot tub, foosball Cabin
| 4 bd · 3 ba · sleeps 10 | $46,027 | $333 | 38% | 5★ (48) | 1.7 mi | AirbnbVrbo |
Ellijay Cabin: Hot Tub, Bar, Game Room, Sleeps 10 Cabin
| 4 bd · 3.5 ba · sleeps 10 | $60,989 | $338 | 49% | 5★ (128) | 1.7 mi | AirbnbVrboBooking |
Deer Hollow Sautee Cabin Cabin
| 4 bd · 3 ba · sleeps 10 | $3,645 | $165 | 6% | 4.9★ (21) | 1.9 mi | Airbnb |
Mountain Lookout View Firepit Hot tub & Fireplace Cabin
| 4 bd · 3 ba · sleeps 10 | $52,771 | $266 | 54% | 5★ (57) | 1.9 mi | AirbnbVrbo |
Blessings Flow ~ 4BR Riverfront ~ Hot Tub,Fire Pit House
| 4 bd · 3.5 ba · sleeps 10 | $71,769 | $565 | 35% | 5★ (14) | 2.1 mi | AirbnbVrbo |
Rock the River Lodge House
| 4 bd · 3 ba · sleeps 10 | $35,265 | $330 | 29% | 4.6★ (9) | 2.2 mi | AirbnbVrboBooking |
'Lakeside Paradise' in Ellijay: Hot Tub, Fire Pit Cottage
| 4 bd · 3 ba · sleeps 10 | $51,046 | $333 | 42% | 4.7★ (103) | 2.2 mi | AirbnbVrboBooking |
Eagle Mountain River Retreat House
| 4 bd · 3 ba · sleeps 10 | $19,061 | $254 | 21% | 4.9★ (58) | 2.3 mi | AirbnbVrbo |
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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$48,930
NOI
$18,272
Cash flow /mo
-$2,167
Cash needed
$224,750
Cash-on-cash
-11.6%
ROE (yr 1)
-0.7%
Cap rate
2.7%
DSCR
0.41
Year-1 write-off
$153,116
Year-1 tax shield @ 32%
$48,997
Year-1 return on equity
- Cash flow (annual)-$26,008
- Principal paydown$4,288
- Appreciation at%$20,250
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)$9,786
- Platform fees (3% of revenue)$1,468
- Maintenance / capex (5% of revenue)$2,447
- Utilities & supplies$4,200
- HOA$0
- Property tax$5,468
- Insurance (STR-rated)$7,290
Cash needed to close
- Down payment (25%)$168,750
- Closing costs (4.0%)$27,000
- Furnishing (bought new)$29,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$48,997
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)
$123,000 · 21%
Year-1 deduction
$153,000
Year-1 tax shield @ 32%
$49,000
Land 15% (market default, no usable tax-record split) · building $451,000 over 39 years · new furniture $29,000
Based on: 3,300 sq ft, built 2026, 4 bd / 3 ba, unfurnished, listing features (deck, game room, fireplace, stone counters, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $89,000 in year 1 (10% short-life, $29,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,700
Kitchen cabinetsdefault
$13,000 new × 100% good × 0.90 allocation
- $12,000
Kitchen countertops (stone)listing
$13,300 new × 100% good × 0.90 allocation
- $5,200
Decorative trimdefault
$5,800 new × 100% good × 0.90 allocation
- $400
Mirrorsdefault
$500 new × 100% good × 0.90 allocation
- $1,300
Shelvingdefault
$1,500 new × 100% good × 0.90 allocation
- $7,400
Window coverings (33)default
$8,300 new × 100% good × 0.90 allocation
- $7,600
Carpet, vinyl & laminate (40% of floors)default
$8,500 new × 100% good × 0.90 allocation
- $9,100
Kitchen & laundry equipment plumbingdefault
$10,100 new × 100% good × 0.90 allocation
- $5,500
Kitchen, laundry & data equipment electricaldefault
$6,100 new × 100% good × 0.90 allocation
- $5,100
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 100% good × 0.90 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $10,700
Paving: driveway & walks (paved)default
$11,900 new × 100% good × 0.90 allocation
- $10,300
Landscaping (typical)default
$11,500 new × 100% good × 0.90 allocation
- $2,900
Patiosdefault
$3,300 new × 100% good × 0.90 allocation
- $33,400
Decks & porches (attached)listing
$37,100 new × 100% good × 0.90 allocation
- $322,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$358,600 new × 100% good × 0.90 allocation
- $33,400
Building plumbing & fixturesdefault
$37,200 new × 100% good × 0.90 allocation
- $35,100
Building electrical & lightingdefault
$39,100 new × 100% good × 0.90 allocation
- $33,400
HVACdefault
$37,200 new × 100% good × 0.90 allocation
- $11,400
Hardwood & tile floorsdefault
$12,700 new × 100% good × 0.90 allocation
- $4,700
Fireplaces (2)listing
$5,300 new × 100% good × 0.90 allocation
- $10,800
Septic systemlisting
$12,000 new × 100% good × 0.90 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $94,400 | $57,300 | $1,400 | $153,100 |
| 2 | $0 | $0 | $11,600 | $11,600 |
| 3 | $0 | $0 | $11,600 | $11,600 |
| 4 | $0 | $0 | $11,600 | $11,600 |
| 5 | $0 | $0 | $11,600 | $11,600 |
| 6+ | $0 | $0 | $403,400 | $403,400 |
| Total | $94,400 | $57,300 | $451,100 | $602,800 |
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.