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    Turnkey Short-Term Rental Home Title is generated by Realmo AI

    193 Garren Cove Road, Morganton, GA 30560

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    For Sale
    $419,900

    MULTI_FAMILY - Morganton, GA

    Lot size:
    0.39 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 193 Garren Cove Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    2
    Parking features
    Driveway
    Standard status
    Active
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    889

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2023
    Floors in Building
    2
    Number of units
    1
    Building materials
    Frame, HardiPlank Type, Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Zachary Munoz

    Listing agent Zachary Munoz

    Listing office EXP Realty, LLC. 1372 Peachtree St NE, Atlanta, GA

    Listing date Jun 3, 2026

    MLS# 7781643 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Built in 2023 with frame construction, HardiPlank‑type siding, and wood siding
    • Short‑term rental with proven income history and potential to generate up to $75,000 annually
    • Hot tub, fire pit, and expansive porch and deck space for outdoor entertaining
    • Open‑concept interior with wood interiors and vaulted ceilings
    • Central heating and central air conditioning with electric HVAC
    • Public water with septic tank; cable available; driveway parking; composition roof

    Overview

    193 Garren Cove Road is offered as a turnkey short-term rental with an open-concept living, sleeping, and dining area designed for efficient guest stays. The interior is described as featuring wood interiors, vaulted ceilings, and abundant natural light, flowing into a well-equipped kitchen. Outdoor space is a central feature of the home, with an expansive porch and deck plus a furnished lower-level outdoor area. The property is also described as including a hot tub, a fire pit, and a cozy fireplace, supporting guest-friendly indoor-outdoor gatherings.

    The home is positioned in the mountains of North Georgia, with access described as deeded lake access. The listing also notes the property is just minutes from downtown Blue Ridge, placing it within a short drive of local attractions and services.

    For a buyer seeking a ready-to-rent option, the combination of turnkey presentation, a low-maintenance layout, and dedicated entertainment amenities may appeal for short-term stays. The outdoor features—porch, deck, hot tub, and fire pit—create purpose-built areas for guest use, while the deeded lake access adds an additional lifestyle component referenced in the offering. This property may also suit an owner-occupant looking for a second home that can function as an income-producing rental when not in personal use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morganton
    County
    Fannin
    State
    Georgia
    Longitude
    -84.254787
    Latitude
    34.88081

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    FAQs

    What type of property is this?
    Short term rental property - Turnkey short-term rental with an open-concept interior and outdoor entertaining amenities plus deeded lake access.
    Where is this short term rental property located?
    The property is located at 193 Garren Cove Road Morganton, GA.
    What is the asking price?
    The asking price for this property is $419,900.
    What are key features of this property?
    This property features: Built in 2023 with frame construction, HardiPlank‑type siding, and wood siding; Short‑term rental with proven income history and potential to generate up to $75,000 annually; Hot tub, fire pit, and expansive porch and deck space for outdoor entertaining
    (888) 959-9461
    We can help!
    Listing Contact
    Zachary Munoz
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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