24 N Main St Ellijay, Georgia

4 bed • 3 bath • 8 guests

Purchase Price

Est. $1,550/mo

$55,026

Annual Revenue

Median of 23 selected comps

Avg Daily Rate: $419
Occupancy: 36%

$10k

$35k

$60k

$90k


The Landings Riverside-Beautiful Riverfront Cabin	$87,570	$59,121	$542	44.3%	4	9	60	6	2	$0	✅	✅	❌	Yes / Yes	❌	⭐️ 5 (75)	Profile
Knight Mountain	$75,618	$42,641	$630	32.9%	4	10	67	0	5	$0	❌	❌	❌	Yes / No	❌	⭐️ 4 (0)	—
Serene Riverfront Escape in Ellijay Georgia!	$74,879	$50,235	$391	52.5%	4	10	93	7	4	$258	✅	❌	✅	Yes / Yes	✅	⭐️ 4.97 (69)	Profile
Serene Riverfront Escape in Ellijay Georgia!	$70,067	$49,899	$482	39.9%	4	10	74	0	4	$0	❌	❌	❌	Yes / No	❌	⭐️ 4 (0)	—
Riverfront - Hot Tub - Kayaks - Fire Pits - 4 King Beds - Stunning views	$68,743	$54,216	$584	32.3%	4	12	75	4	4	$0	✅	❌	❌	Yes / Yes	❌	⭐️ 5 (12)	—

Loading amenity revenue opportunities

Seasonality

Break-even

$4,179/mo

Avg profit / month

$406/mo

Best profit month

Oct $3,025

$4,872

Profit

Revenue

$55,026

Operating Expenses

$26,611

Operating Income

$28,415

Mortgage & Taxes

$23,542

Profit (Cash Flow)

$4,872

$91,020

Cash Investment

Down Payment

$69,800

Renos & Furnishing

$10,750

Closing Costs

$10,470

Total

$91,020

DSCR Ratio

Acceptable

1.21

Get prequalified to make an offer

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

5.35%

Cap Rate

8.14%

Return on Investment

22.43%

STR Tax Calculator (USA)

Rental property owners can deduct depreciation, mortgage interest, and property taxes from their taxable income. See how much this property could save you. Read our tax guide.

If you buy this property, your estimated tax deduction will be...

Deductible mortgage interest

$16,564

Deductible property tax

$3,455

Estimated gross deduction

$100,919

Your income tax rate

Estimated tax savings

$30,276

Maximize the depreciation value on your tax returns. Get a free cost segregation benefit analysis from our engineering partner.

Plan to claim the STR loophole?

To deduct STR losses against W-2 income, the IRS requires you to materially participate. Log your hours so you have proof at tax time.