What cash-on-cash return is realistic for an AirBNB cabin in Blue Ridge?

A well-underwritten Blue Ridge cabin with a mid-scope renovation typically targets 6-9% year-one cash-on-cash return. Properties with off-market pricing or aggressive renovation execution can hit 10% or higher. Anything projected above 12% on a financed deal in this market deserves a second look at the assumptions.

How much should I budget for a Blue Ridge cabin renovation aimed at AirBNB?

Light refresh runs $25,000 to $50,000 and covers paint, hardware, and minor updates. Mid-scope runs $50,000 to $120,000 and covers a full kitchen, one or two baths, flooring, and exterior work. Full down-to-studs renovations run $120,000 to $250,000 or more, depending on structural changes and finish level.

What occupancy rate should I plan on for a Blue Ridge short-term rental?

For underwriting purposes, plan on 50-65% annual occupancy in the Blue Ridge, Fannin, Gilmer, and Union County market. New listings without a review history typically land near the bottom of that range in year one. Established listings with strong reviews and professional management push toward the top of the range.

How long does an investor-grade cabin renovation take?

A mid-scope renovation on a 3-bedroom cabin typically runs six to ten weeks from permit to staged-and-ready, assuming no structural surprises. Full down-to-studs renovations can run 12-20 weeks. The single biggest schedule variable is whether the cabin has hidden structural, septic, or electrical issues uncovered during demo.

Do I need an STR license to operate a short-term rental in Fannin County?

Fannin County and Gilmer County both have short-term rental licensing requirements that have changed over the past few years. Before you make an offer, check the current county and city rules along with the specific subdivision HOA covenants. Some subdivisions restrict STRs entirely, and that detail can kill an otherwise solid deal.

AirBNB Cabin Renovation ROI Blue Ridge: The Honest Math