Airbnb Investment Georgia - Furnished Cabin 8% Cap Rate

Listing: Awning - Redfin - Zillow

Airbnb Estimator: Awning

Market Data: Airbnb Market Data

Welcome to your dream vacation cabin located in the heart of Cleveland, GA! This fully furnished, income-producing property is the perfect blend of modern and rustic charm. With a luxurious master suite complete with a Pur Air jacuzzi, sauna, and fireplace, you'll never want to leave! But when you do, you're just a short drive away from stunning natural attractions like Mossy Creek State Park, School Bus Graveyard, and Don Carter State Park. Plus, with no HOA restrictions and no flood zone worries, you have complete freedom to make this mountain retreat your own.

But that's not all - this turnkey investment property is also Airbnb approved, making it an incredible opportunity for anyone looking to earn rental income. With a projected gross annual revenue of $64,800 and a cap rate of 8.0%, this property has the potential to provide an excellent return on investment. And with our team at Awning to guide you through the process, you can rest assured that your investment is in good hands.

Don't miss your chance to own this incredible cabin and start making your mountain dreams a reality! Contact us today to schedule a showing or to learn more about this amazing opportunity.

The Airbnb Investment Financials

How much does the home cost?

$395,000  

‍How much will it earn on Airbnb?

$5,400 per month

‍How much will it cost to furnish it?

According to the listing information, the home is already fully furnished, and we estimate up to $5,000 to replace or add additional items. Therefore, it should not cost you anything to furnish the property, as it is already fully equipped.

‍How much will it cost to renovate?

According to the listing information, the estimated cost of renovation to improve the house's appearance and ensure the property is rent-ready is $5,000.

‍How much cash can you take home in the first year?

According to the Awning Analysis provided, the projected cash flow in the first year is $10,978. This means that after deducting all operating expenses, including mortgage payments, from the projected operating income, there will be $10,978 in cash available for the owner in the first year. However, it's important to note that this is just a projection and actual cash flow may vary depending on a variety of factors such as occupancy rates, rental rates, and maintenance costs.

‍What is the cap rate for this property?

The estimated cap rate is 8.0%.

‍All of the cap rates and returns for this property are estimates and are not intended as a guarantee of income or returns. Every investment has risks. It's important to discuss any investment, returns, regulations, laws and projections with a financial advisor, attorney or another fiduciary.

Cleveland Short-Term Rental Regulations

What are the short-term rental laws and regulations in Cleveland, Georgia?

There are short-term rental laws in place that require hosts to obtain a license for their property. According to Awning, a non-refundable application fee of $400 is required to obtain a Savannah short term vacation rental license, which is valid for one year and has to be renewed annually for a fee of $250. Additionally, Airbnb-style businesses are required to remit use and sales tax to the state at a rate of 7% and hotel-motel tax to the city at a rate of 6%. Hostfully provides a list of regulations for short-term rentals in Georgia, but it is not specific to Cleveland.

‍Is there a moratorium in short-term rentals in Cleveland, Georgia?

There is no information regarding a moratorium on short-term rentals in Cleveland, Georgia.

Why Airbnb Guests Stay In Cleveland, Georgia

‍Where is Cleveland, Georgia?

Cleveland is a city located in the northern part of the state of Georgia in the United States. It is the county seat of White County and is situated in the foothills of the Blue Ridge Mountains. Cleveland is approximately 85 miles northeast of Atlanta and 50 miles south of the North Carolina border.

‍What is there to do in Cleveland, Georgia?

• Visit BabyLand General Hospital: This is a unique attraction that features a large collection of Cabbage Patch Kids. Visitors can tour the "hospital" where the Cabbage Patch Kids are born and adopted.
• Explore the North Georgia Zoo: The North Georgia Zoo is a wildlife park that is home to a variety of animals, including zebras, camels, kangaroos, and more. Visitors can take guided tours, pet some of the animals, and even have a hands-on animal encounter.
• Hike the Appalachian Trail: The Appalachian Trail runs through Cleveland, Georgia, and offers some beautiful hiking opportunities. Visitors can take a short hike or a longer trek and enjoy stunning views of the surrounding mountains.
• Go tubing or kayaking on the Chattahoochee River: The Chattahoochee River is a popular spot for tubing and kayaking. Visitors can rent tubes or kayaks and spend the day floating down the river.
• Visit the Sautee Nacoochee Center: The Sautee Nacoochee Center is a cultural center that features art exhibits, live music performances, and other events. Visitors can also tour the historic community hall and the grounds.
• Explore the Helen Arts & Heritage Center: The Helen Arts & Heritage Center is a museum that features exhibits on local history, art, and culture. Visitors can also take art classes and workshops at the center.
• Attend the Georgia Mountain Fair: The Georgia Mountain Fair is an annual event that takes place in nearby Hiawassee, Georgia. The fair features live music, arts and crafts vendors, carnival rides, and more.
• Enjoy the local cuisine: Cleveland, Georgia, and the surrounding area is home to many delicious restaurants and local specialties. Visitors can try dishes like fried green tomatoes, trout, and boiled peanuts.

‍What kinds of people travel to Cleveland, Georgia?

• Outdoor enthusiasts: Cleveland is surrounded by beautiful natural scenery and offers plenty of opportunities for outdoor activities such as hiking, fishing, and camping.
• Families: Cleveland is a family-friendly destination with many attractions suitable for all ages, including the Babyland General Hospital, a popular attraction for kids.
• History buffs: Cleveland has a rich history, including a significant Native American presence, and is home to several historic sites and museums, such as the White County Historical Society Museum.
• Art and culture enthusiasts: Cleveland has a thriving arts community, with many galleries and studios showcasing the work of local artists.
• Foodies: Cleveland is known for its Southern cuisine and many local restaurants serve up delicious comfort food.
• Retirees: Cleveland has a low cost of living and a relaxed pace of life, making it an attractive destination for retirees seeking a peaceful place to settle down.

‍When are the busiest and slowest seasons for tourism in Cleveland, Georgia?

The busiest seasons for tourism in Cleveland, Georgia are typically during the summer months, from June to August, when the weather is warm and outdoor activities are popular. The fall months, especially October and November, also tend to be busy due to the area's scenic fall foliage. 

The slowest seasons are usually during the winter months, from December to February, when the weather is colder and outdoor activities are limited. However, winter can also be a busy time for tourism in Cleveland, Georgia, as visitors come to experience the local holiday festivities and events.

‍How far is Cleveland, Georgia from the nearest airport?

The closest airport to Cleveland, Georgia is the Hartsfield-Jackson Atlanta International Airport, which is approximately 85 miles southwest of Cleveland. Other airports within a reasonable driving distance include the Greenville-Spartanburg International Airport, located approximately 90 miles northeast of Cleveland, and the Chattanooga Metropolitan Airport, located approximately 60 miles northwest of Cleveland.

‍Are there any major events in Cleveland, Georgia?

• Georgia Mountain Fall Festival: This is a 9-day event that takes place annually in October, celebrating the arrival of fall in the Georgia mountains. The festival features live music, arts and crafts, carnival rides, and more.
• White County Agricultural Fair: This is a 5-day event that takes place annually in September, celebrating the agricultural heritage of White County and featuring livestock shows, exhibits, carnival rides, and more.
• Helen to the Atlantic Balloon Race and Festival: This is an annual event that takes place in June, featuring hot air balloon races that start in Helen, Georgia and end at the Atlantic Ocean. The festival also features live music, arts and crafts, and food vendors.
• Wine Highway Week: This is an annual event that takes place in March, featuring wine tastings at several vineyards in the area. Visitors can purchase a "passport" that allows them to sample wines at participating vineyards throughout the week.
• Freedom Fest: This is an annual event that takes place on July 4th, celebrating Independence Day with live music, food vendors, and a fireworks display.
• Oktoberfest in Helen, Georgia: Although not in Cleveland, Oktoberfest in nearby Helen, Georgia is a major event that draws many visitors to the area. This festival takes place annually in September and October and celebrates Bavarian culture with live music, food, beer, and more.

‍What Airbnb amenities do guests expect and pay a premium for in Cleveland, Georgia?

• Hot tubs or jacuzzis: Guests often seek out properties with a hot tub or jacuzzi for a luxurious and relaxing experience.
• Outdoor living spaces: Outdoor living spaces such as a patio, deck, or porch are great for enjoying the beautiful scenery and fresh air.
• Fireplaces: A fireplace can add to the cozy and inviting atmosphere of a rental property, especially during the cooler months.
• Fully equipped kitchens: Many guests prefer to cook their own meals while on vacation, so having a fully equipped kitchen can be a major selling point.
• Pet-friendly accommodations: For travelers with pets, finding a rental property that allows pets is important and they may be willing to pay a premium for it.
• High-speed internet: In today's connected world, many guests expect fast and reliable internet access.
• Access to local attractions: Properties that are close to popular attractions, such as hiking trails, wineries, or cultural sites, can be in high demand.
• Unique decor or design features: Airbnb guests often enjoy staying in properties that have unique or quirky design features that make them stand out from other rentals.

From Listing to Airbnb

1. Place an offer on this property: If you have a local real estate agent forward them this email and let them know you are interested in the property. If you want help finding the best representation, simply reply to this email and request an agent. Awning will get in touch with it’s network of agents. It’s best to be qualified for a mortgage, here is a list of lenders that work with Airbnb investors.
2. Close on the property: Closing on this property should be simple. An agent will help you review the contract and confirm that everything in the inspection report makes this a good deal.
3. Renovate and furnish the property: This property is easy to renovate and furnish. Then you’ll need some items, which you can find in this Airbnb Host Checklist.
4. Gather necessary documents and permission: You’ll want to consult Georgia Short Term Rental Laws. In most cases, you won’t require an attorney as the paperwork process is straightforward.
5. List the property on Airbnb: To list your property on Airbnb you’ll need a description, title and professional photography.
6. Manage the Airbnb: If you choose to self-manage the Airbnb you should not have much trouble finding reliable cleaners in the area.
7. Awning Management: If you choose to use Awning Property Management we can take care of gathering documents and list the property for you. You can learn more about Awning Property Management or reach our team by responding to this email.