1485 Newport Dr
Ellijay, GA 30540
$384,999
3 bd · 2 ba · 1,100 sqft · Listed 2d ago
View on Realtor.com →Year built
2020
Sqft
1,100
Lot sqft
31,799
HOA / mo
$900
Furnished
No
List date
2026-10-09T17:02:54.000000Z
Revenue
Annual revenue
$41,840
ADR
$241
Occupancy
48%
Cleaning fees (12 mo)
$9,344
Confidence
Low (38.63), 27 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $29,875
3 br Family friendly cabin
Cabin · 3 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $9,077ADR $229Occ ≈ 11%4.6★ (23)
Deer Watch, Fire pit, Hot tub & Billiards, Ellijay
House · 3 bd · 3 ba · sleeps 8 · 0.3 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $30,159ADR $283Occ ≈ 29%5★ (15)
Coosawatee River Resort -Sauna/Hot Tub/Dogs okay!
Cabin · 3 bd · 3 ba · sleeps 8 · 0.4 mi
Revenue $24,187ADR $329Occ ≈ 20%5★ (4)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Fun Octagon Cabin on Double Lot! Hot Tub, Firepit! Cabin
| 3 bd · 2 ba · sleeps 8 | $50,748 | $257 | 54% | 5★ (116) | 472 ft | AirbnbVrbo |
Mountain Bliss: Hot Tub, Fire Pit, Game Room & Vie Cabin | 3 bd · 3 ba · sleeps 10 | $33,347 | $417 | 22% | 4.9★ (71) | 0.2 mi | AirbnbBooking |
Deer Haven Bungalow- Pet friendly, hot tub Cabin | 3 bd · 3 ba · sleeps 6 | $44,296 | $247 | 49% | 4.8★ (14) | 0.2 mi | AirbnbBooking |
3 br Family friendly cabin Cabin | 3 bd · 2 ba · sleeps 8 | $9,077 | $229 | 11% | 4.6★ (23) | 0.2 mi | Airbnb |
River Resort | Hot Tub + Game Room + Fenced Yard Cabin
| 3 bd · 3 ba · sleeps 10 | $1,689 | $271 | 2% | 5★ (1) | 0.2 mi | AirbnbVrboBooking |
Spacious Cabin • Hot Tub, Fire Pit, Dogs OK Cabin
| 3 bd · 2 ba · sleeps 10 | $41,941 | $406 | 28% | 4.9★ (39) | 0.3 mi | AirbnbVrbo |
Bamby Bungalow. Family and Pet Getaway. Fenced yrd Cabin
| 3 bd · 2 ba · sleeps 8 | $53,766 | $223 | 66% | 5★ (150) | 0.3 mi | AirbnbVrbo |
Deer Watch, Fire pit, Hot tub & Billiards, Ellijay House
| 3 bd · 3 ba · sleeps 8 | $30,159 | $283 | 29% | 5★ (15) | 0.3 mi | Airbnb |
Enchanted Deer - Hot Tub, Fire Pit, Pet Friendly Cabin | 3 bd · 3 ba · sleeps 6 | $42,114 | $263 | 44% | 5★ (44) | 0.4 mi | AirbnbBooking |
Coosawatee River Resort -Sauna/Hot Tub/Dogs okay! Cabin | 3 bd · 3 ba · sleeps 8 | $24,187 | $329 | 20% | 5★ (4) | 0.4 mi | Delisted |
Show 15 more
Spacious riverfront home with private dock, firepit & scenic outdoor space
House · 3 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $18,607ADR $221Occ ≈ 23%4.8★ (4)
Delisted
Patagonia on the River
House · 3 bd · 2 ba · sleeps 6 · 0.5 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +4
Revenue $6,865ADR $187Occ ≈ 10%4.7★ (3)
Cozy Mountain Retreat at Coosawatte River Resort
Camper/RV · 3 bd · 1 ba · sleeps 7 · 0.6 mi
Revenue $13,202ADR $144Occ ≈ 25%5★ (15)
Delisted
Wilderness-themed retreat with community amenities, private hot tub, & fireplace
House · 3 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $29,875ADR $189Occ ≈ 43%1★ (1)
Delisted
Riverfront cabin, Game Room, Hot tub, Private
Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.7 mi
Revenue $9,288ADR $398Occ ≈ 6%4.8★ (69)
Delisted
Hilltop Hideaway
House · 3 bd · 2 ba · sleeps 6 · 0.7 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $28,505ADR $144Occ ≈ 54%4.7★ (16)
Deer Run | Coosawattee Resort Amenities
Cabin · 3 bd · 3 ba · sleeps 6 · 0.7 mi
Revenue $26,463ADR $269Occ ≈ 27%5★ (39)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Modern Chic Cabin - Blue Ridge-Hot Tub & Game Room Cabin
| 3 bd · 2.5 ba · sleeps 7 | $67,995 | $330 | 56% | 5★ (54) | 0.4 mi | AirbnbBooking |
Honey Bear Hideaway - Private. New Hot Tub. Cabin
| 3 bd · 3 ba · sleeps 7 | $23,632 | $185 | 35% | 5★ (13) | 0.4 mi | AirbnbVrbo |
Alpine Mountain-Full Fenced yard, privacy, hot tub Cabin
| 3 bd · 3 ba · sleeps 6 | $32,033 | $235 | 37% | 4.8★ (7) | 0.4 mi | AirbnbVrbo |
Spacious riverfront home with private dock, firepit & scenic outdoor space House | 3 bd · 2 ba · sleeps 6 | $18,607 | $221 | 23% | 4.8★ (4) | 0.5 mi | Delisted |
Patagonia on the River House
| 3 bd · 2 ba · sleeps 6 | $6,865 | $187 | 10% | 4.7★ (3) | 0.5 mi | Airbnb |
3 King Bed Retreat with Hot Tub, near Downtown LIJ House
| 3 bd · 2 ba · sleeps 6 | $29,127 | $321 | 25% | 5★ (76) | 0.5 mi | AirbnbVrbo |
Cozy Mountain Retreat at Coosawatte River Resort Camper/RV | 3 bd · 1 ba · sleeps 7 | $13,202 | $144 | 25% | 5★ (15) | 0.6 mi | Delisted |
Bear Hug Lodge Stays House
| 3 bd · 2 ba · sleeps 6 | $11,758 | $257 | 13% | 4★ (13) | 0.6 mi | AirbnbVrboBooking |
Wilderness-themed retreat with community amenities, private hot tub, & fireplace House | 3 bd · 2 ba · sleeps 6 | $29,875 | $189 | 43% | 1★ (1) | 0.6 mi | Delisted |
Private Riverside Cabin Cabin
| 3 bd · 2 ba · sleeps 8 | $62,726 | $250 | 69% | 4.9★ (170) | 0.6 mi | AirbnbVrbo |
Fully-Fenced w/Pool & Resort Access, Pet-Friendly Cabin
| 3 bd · 2.5 ba · sleeps 8 | $38,089 | $289 | 36% | 5★ (97) | 0.7 mi | AirbnbVrboBooking |
Riverfront cabin, Game Room, Hot tub, Private Cabin | 3 bd · 2.5 ba · sleeps 10 | $9,288 | $398 | 6% | 4.8★ (69) | 0.7 mi | Delisted |
Hilltop Hideaway House
| 3 bd · 2 ba · sleeps 6 | $28,505 | $144 | 54% | 4.7★ (16) | 0.7 mi | Airbnb |
Deer Run | Coosawattee Resort Amenities Cabin | 3 bd · 3 ba · sleeps 6 | $26,463 | $269 | 27% | 5★ (39) | 0.7 mi | Airbnb |
Ellijay Cabin Escape: Hot Tub & Fire Pit! Cabin
| 3 bd · 2.5 ba · sleeps 9 | $61,345 | $233 | 72% | 5★ (139) | 0.7 mi | AirbnbVrboBooking |
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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$41,840
NOI
$9,153
Cash flow /mo
-$1,386
Cash needed
$131,150
Cash-on-cash
-12.7%
ROE (yr 1)
-2.1%
Cap rate
2.4%
DSCR
0.35
Year-1 write-off
$100,707
Year-1 tax shield @ 32%
$32,226
Year-1 return on equity
- Cash flow (annual)-$16,635
- Principal paydown$2,341
- Appreciation at%$11,550
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)$8,368
- Platform fees (3% of revenue)$1,255
- Maintenance / capex (5% of revenue)$2,092
- Utilities & supplies$4,200
- HOA$10,800
- Property tax$1,814
- Insurance (STR-rated)$4,158
Cash needed to close
- Down payment (25%)$96,250
- Closing costs (4.0%)$15,400
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$32,226
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
$327,000
Short-life (5/15-yr)
$81,000 · 25%
Year-1 deduction
$101,000
Year-1 tax shield @ 32%
$32,000
Land 15% (market default, no usable tax-record split) · building $246,000 over 39 years · new furniture $20,000
Based on: 1,100 sq ft, built 2020, 3 bd / 2 ba, unfurnished, listing features (deck, flooring types, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $63,000 in year 1 (13% short-life, $20,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $10,600
Kitchen cabinetsdefault
$8,200 new × 76% good × 1.69 allocation
- $8,700
Kitchen countertopsdefault
$6,700 new × 76% good × 1.69 allocation
- $2,500
Decorative trimdefault
$1,900 new × 76% good × 1.69 allocation
- $300
Mirrorsdefault
$300 new × 50% good × 1.69 allocation
- $1,500
Shelvingdefault
$1,200 new × 76% good × 1.69 allocation
- $1,900
Window coverings (11)default
$2,800 new × 40% good × 1.69 allocation
- $6,000
Carpet, vinyl & laminate (100% of floors)listing
$7,100 new × 50% good × 1.69 allocation
- $9,500
Kitchen & laundry equipment plumbingdefault
$6,400 new × 88% good × 1.69 allocation
- $5,800
Kitchen, laundry & data equipment electricaldefault
$3,900 new × 88% good × 1.69 allocation
- $5,100
Appliances (range, dishwasher, refrigerator, dryer)listing
$6,000 new × 50% good × 1.69 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $8,900
Paving: driveway & walks (paved)default
$6,900 new × 76% good × 1.69 allocation
- $4,300
Landscaping (minimal)listing
$3,300 new × 76% good × 1.69 allocation
- $1,400
Patiosdefault
$1,100 new × 76% good × 1.69 allocation
- $14,700
Decks & porches (attached)listing
$12,400 new × 70% good × 1.69 allocation
- $181,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$118,700 new × 90% good × 1.69 allocation
- $18,400
Building plumbing & fixturesdefault
$12,300 new × 88% good × 1.69 allocation
- $16,700
Building electrical & lightingdefault
$11,200 new × 88% good × 1.69 allocation
- $14,700
HVACdefault
$12,400 new × 70% good × 1.69 allocation
- $15,500
Septic systemlisting
$12,000 new × 76% good × 1.69 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $71,200 | $29,200 | $300 | $100,700 |
| 2 | $0 | $0 | $6,300 | $6,300 |
| 3 | $0 | $0 | $6,300 | $6,300 |
| 4 | $0 | $0 | $6,300 | $6,300 |
| 5 | $0 | $0 | $6,300 | $6,300 |
| 6+ | $0 | $0 | $220,800 | $220,800 |
| Total | $71,200 | $29,200 | $246,300 | $346,700 |
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.