513 Chickasaw Gap Way
Pigeon Forge, TN 37863
$465,000
2 bd · 2 ba · 1,144 sqft · Listed 1d ago
View on Realtor.com →Year built
1999
Sqft
1,144
Lot sqft
11,326
HOA / mo
$100
Furnished
No
List date
2026-10-19T19:12:03.000000Z
Revenue
Annual revenue
$44,374
ADR
$201
Occupancy
60%
Cleaning fees (12 mo)
$8,457
Confidence
Low (33.34), 50 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $32,962
Moon Shadow - Beautiful Cabin 1 mile from Parkway
Vacation home · 2 bd · 1 ba · sleeps 4 · 154 ft
Revenue $42,328ADR $157Occ ≈ 74%4.8★ (40)
A Cozy Cabin | Hot Tub | Wi-fi | Resort Pool
Cabin · 2 bd · 2 ba · sleeps 6 · 184 ft
Revenue $2,068ADR $172Occ ≈ 3%—
Free Attraction Tixs Hot Tub Resort Pool
House · 2 bd · 2 ba · sleeps 6 · 266 ft
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $18,585ADR $292Occ ≈ 17%—
Almost Heaven Cabin Rental
Cabin · 2 bd · 2 ba · sleeps 8 · 276 ft
Revenue $4,785ADR $210Occ ≈ 6%—
Charming Log Cabin, Sleeps 4, Game Room, Hot tub
Cabin · 2 bd · 2 ba · sleeps 4 · 295 ft
Revenue $24,396ADR $214Occ ≈ 31%4.3★ (4)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Pigeon Forge Cabin w/ Hot Tub & Mountain Views! Cabin
| 2 bd · 2 ba · sleeps 6 | $56,785 | $225 | 69% | 4.8★ (264) | 62 ft | AirbnbVrboBooking |
Moon Shadow - Beautiful Cabin 1 mile from Parkway Vacation home | 2 bd · 1 ba · sleeps 4 | $42,328 | $157 | 74% | 4.8★ (40) | 154 ft | Booking |
Another Day in Bearadise Free Tickets, No Catch Cabin | 2 bd · 2 ba · sleeps 8 | $51,881 | $228 | 62% | 4.5★ (23) | 161 ft | AirbnbVrboBooking |
1 Mile To Parkway! Cozy, Hot Tub, & Game Rm! Cabin
| 2 bd · 2 ba · sleeps 6 | $57,845 | $239 | 66% | 5★ (143) | 177 ft | AirbnbVrbo |
A Cozy Cabin | Hot Tub | Wi-fi | Resort Pool Cabin | 2 bd · 2 ba · sleeps 6 | $2,068 | $172 | 3% | — | 184 ft | Vrbo |
Free Attraction Tixs Hot Tub Resort Pool House
| 2 bd · 2 ba · sleeps 6 | $18,585 | $292 | 17% | — | 266 ft | Airbnb |
Southern Comfort - Your Perfect Oasis Cabin
| 2 bd · 2 ba · sleeps 6 | $32,962 | $166 | 54% | 4.7★ (424) | 276 ft | AirbnbVrbo |
Almost Heaven Cabin Rental Cabin | 2 bd · 2 ba · sleeps 8 | $4,785 | $210 | 6% | — | 276 ft | Vrbo |
Charming Log Cabin, Sleeps 4, Game Room, Hot tub Cabin | 2 bd · 2 ba · sleeps 4 | $24,396 | $214 | 31% | 4.3★ (4) | 295 ft | Delisted |
1 Mile to Pigeon Forge・Charming Log Cabin・Hot Tub Cabin
| 2 bd · 2 ba · sleeps 4 | $39,115 | $209 | 51% | 4.1★ (10) | 295 ft | AirbnbVrboBooking |
Show 39 more
Theater, Hot Tub, Game Room, Fire Pit + Free Tix
House · 2 bd · 2 ba · sleeps 8 · 502 ft
Revenue $32,217ADR $412Occ ≈ 21%—
Forever Yours, 2 Hot tubs, FREE Attraction tickets, WIFI, Near The Parkway!!!
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
- Hot tub
- Pool
- A/C
- Wifi
- +2
Revenue $38,996ADR $191Occ ≈ 56%4.5★ (12)
1BR close to PF Parkway- pet friendly, hot tub, pool table, king bed!
Chalet · 2 bd · 1 ba · sleeps 4 · 0.1 mi
Revenue $38,862ADR $153Occ ≈ 70%4.8★ (2)
Lovers Paradise Cabin Rental
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $3,273ADR $218Occ ≈ 4%—
Pigeon Forge Retreat For Hot Tub, Pool, Relaxation
Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $55,857ADR $226Occ ≈ 68%4.8★ (321)
"Lovers Paradise" 2 Bedroom Cabin
House · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $27,263ADR $352Occ ≈ 21%—
Smoky Mountain Cabin Near Pigeon Forge | Hot Tub, Theater & Arcade
Cabin · 2 bd · 3 ba · sleeps 8 · 0.3 mi
Revenue $4,912ADR $395Occ ≈ 3%—
"Mountain Music" 2 Bedroom Home
House · 2 bd · 2 ba · sleeps 6 · 0.3 mi
- Hot tub
- Pool
- A/C
- Free parking
- +4
Revenue $12,914ADR $292Occ ≈ 12%—
Mountain View Escape - 2BR w/Hot Tub Near it all!
Apartment · 2 bd · 1 ba · sleeps 4 · 0.4 mi
Revenue $14,735ADR $145Occ ≈ 28%5★ (21)
Hilltop Haven - 2BR w/Hot Tub Near everything!
Apartment · 2 bd · 1 ba · sleeps 4 · 0.4 mi
Revenue $18,561ADR $133Occ ≈ 38%5★ (20)
2 Bedrooms
Vacation home · 2 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $58,218ADR $242Occ ≈ 66%4.7★ (4)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Bear Retreat・Hot Tub・Game Room・Dog Friendly Cabin
| 2 bd · 2 ba · sleeps 8 | $73,675 | $288 | 70% | 4.5★ (72) | 351 ft | AirbnbVrbo |
Cabin w/Hot Tub, Game Room, & Attraction Tickets Cabin | 2 bd · 2 ba · sleeps 4 | $22,132 | $241 | 25% | 4.4★ (297) | 413 ft | AirbnbBooking |
Cozy Family Cabin w/ Hot Tub, Near Dollywood Cabin | 2 bd · 2 ba · sleeps 6 | $62,076 | $234 | 73% | 4.8★ (182) | 433 ft | AirbnbVrbo |
Theater, Hot Tub, Game Room, Fire Pit + Free Tix House | 2 bd · 2 ba · sleeps 8 | $32,217 | $412 | 21% | — | 502 ft | Airbnb |
Location! HotTub-PoolTabl-Arcade-Shufflebrd-2KngBd Cabin
| 2 bd · 2 ba · sleeps 6 | $75,708 | $257 | 81% | 5★ (242) | 0.1 mi | AirbnbVrbo |
Forever Yours, 2 Hot tubs, FREE Attraction tickets, WIFI, Near The Parkway!!! Cabin
| 2 bd · 2 ba · sleeps 6 | $38,996 | $191 | 56% | 4.5★ (12) | 0.1 mi | Vrbo |
Tennessee Dreams - Close to it all! Cabin
| 2 bd · 1 ba · sleeps 4 | $19,880 | $159 | 34% | 4.9★ (392) | 0.1 mi | AirbnbVrbo |
BearDacious! Cozy Cabin Vibe|Prime Location|HotTub Cabin
| 2 bd · 1.5 ba · sleeps 4 | $48,019 | $202 | 65% | 4.9★ (56) | 0.1 mi | AirbnbBooking |
1BR close to PF Parkway- pet friendly, hot tub, pool table, king bed! Chalet | 2 bd · 1 ba · sleeps 4 | $38,862 | $153 | 70% | 4.8★ (2) | 0.1 mi | Booking |
Lovers Paradise Cabin Rental Cabin | 2 bd · 2 ba · sleeps 6 | $3,273 | $218 | 4% | — | 0.1 mi | Vrbo |
Pigeon Forge Retreat For Hot Tub, Pool, Relaxation Cabin | 2 bd · 2 ba · sleeps 8 | $55,857 | $226 | 68% | 4.8★ (321) | 0.2 mi | Airbnb |
"Lovers Paradise" 2 Bedroom Cabin House | 2 bd · 2 ba · sleeps 6 | $27,263 | $352 | 21% | — | 0.2 mi | Airbnb |
Cozy Creek House
| 2 bd · 2 ba · sleeps 6 | $26,131 | $218 | 33% | 4.9★ (110) | 0.3 mi | AirbnbVrbo |
Close to everything! Trolley stop - Hot Tub & Pool - No Steep Roads - Cinnamon Cottage Cottage
| 2 bd · 2 ba · sleeps 6 | $40,567 | $180 | 62% | 4.8★ (282) | 0.3 mi | AirbnbVrbo |
Stunning, Newly Renovated Villa! Close to Strip #3 House | 2 bd · 2 ba · sleeps 6 | $18,740 | $227 | 23% | 5★ (63) | 0.3 mi | AirbnbVrbo |
Smoky Mountain Cabin Near Pigeon Forge | Hot Tub, Theater & Arcade Cabin | 2 bd · 3 ba · sleeps 8 | $4,912 | $395 | 3% | — | 0.3 mi | Vrbo |
Parkway Peaks House | 2 bd · 1 ba · sleeps 5 | $22,406 | $144 | 43% | 4.3★ (9) | 0.3 mi | AirbnbVrbo |
"Mountain Music" 2 Bedroom Home House
| 2 bd · 2 ba · sleeps 6 | $12,914 | $292 | 12% | — | 0.3 mi | Airbnb |
Cozy House in the Heart of Pigeon Forge House
| 2 bd · 2 ba · sleeps 6 | $6,544 | $192 | 9% | — | 0.3 mi | AirbnbVrboBooking |
Brand New Luxe Cabin, Sleeps 6・Hot tub・Pool Table Cabin | 2 bd · 2.5 ba · sleeps 6 | $49,525 | $222 | 61% | 4.8★ (32) | 0.3 mi | AirbnbVrboBooking |
Creekside Cottage with a Hot Tub Cottage
| 2 bd · 2 ba · sleeps 8 | $52,234 | $256 | 56% | 4.7★ (77) | 0.3 mi | AirbnbVrboBooking |
Stunning, Newly Renovated Villa! Close to Strip #2 House | 2 bd · 2 ba · sleeps 6 | $31,875 | $219 | 40% | 4.9★ (83) | 0.3 mi | AirbnbVrbo |
Stunning, Newly Renovated Villa! Close to Strip #1 House | 2 bd · 2 ba · sleeps 6 | $37,028 | $210 | 48% | 5★ (81) | 0.3 mi | AirbnbVrbo |
Cozy, Quiet Stay close to Dollywood! Unit #2 Apartment | 2 bd · 1 ba · sleeps 6 | $1,502 | $124 | 3% | 4.8★ (134) | 0.3 mi | AirbnbVrbo |
Smoky Mountain Chalet | Pool | Steps to Parkway Chalet
| 2 bd · 2 ba · sleeps 6 | $22,163 | $199 | 31% | 4.9★ (139) | 0.3 mi | AirbnbVrbo |
Cozy, Quiet Stay close to Dollywood! Unit #1 Serviced apartment | 2 bd · 1 ba · sleeps 6 | $545 | $136 | 1% | 4.9★ (145) | 0.4 mi | AirbnbVrbo |
5 Mins to Parkway - Sauna, Arcade + Games Cabin | 2 bd · 2.5 ba · sleeps 8 | $106,014 | $335 | 87% | 5★ (90) | 0.4 mi | AirbnbVrbo |
Mountain View Escape - 2BR w/Hot Tub Near it all! Apartment | 2 bd · 1 ba · sleeps 4 | $14,735 | $145 | 28% | 5★ (21) | 0.4 mi | Airbnb |
Fantastic Mr. Fox Cabin, Hot Tub Near Pigeon Forge Cabin | 2 bd · 2 ba · sleeps 6 | $48,124 | $227 | 58% | 4.8★ (54) | 0.4 mi | AirbnbVrbo |
Close to Everything! Hot Tub Pool No Steep Roads Cottage | 2 bd · 2 ba · sleeps 6 | $43,128 | $182 | 65% | 4.8★ (200) | 0.4 mi | AirbnbVrbo |
Bear Pause: Contemporary Cabin - Centrally Located Cabin | 2 bd · 2 ba · sleeps 6 | $77,287 | $255 | 83% | 4.8★ (106) | 0.4 mi | AirbnbVrbo |
Hot Tub, Pool Table, 1/2 mile Pigeon Forge parkway House | 2 bd · 1.5 ba · sleeps 6 | $11,865 | $239 | 14% | 5★ (110) | 0.4 mi | AirbnbVrbo |
2 BR cabin w/hot tub, pool table & great location Cabin | 2 bd · 2.5 ba · sleeps 6 | $17,307 | $254 | 19% | 4.3★ (3) | 0.4 mi | AirbnbVrbo |
Snuggle Bear Cabin Cabin | 2 bd · 2 ba · sleeps 8 | $72,651 | $247 | 81% | 4.8★ (282) | 0.4 mi | AirbnbVrbo |
Hilltop Haven - 2BR w/Hot Tub Near everything! Apartment | 2 bd · 1 ba · sleeps 4 | $18,561 | $133 | 38% | 5★ (20) | 0.4 mi | Airbnb |
Pigeon Forge Cabin w/ Games, 1 Mi to Parkway! Cabin | 2 bd · 2.5 ba · sleeps 6 | $45,134 | $246 | 50% | 4.5★ (162) | 0.4 mi | AirbnbVrboBooking |
2 Bedrooms Vacation home | 2 bd · 2 ba · sleeps 6 | $58,218 | $242 | 66% | 4.7★ (4) | 0.4 mi | Booking |
Smoky Mountain Escape w/ Pool & Hot Tub Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $7,852 | $355 | 6% | 5★ (3) | 0.4 mi | AirbnbVrbo |
Cozy 2 bedroom cabin with kids loft and hot tub Cabin | 2 bd · 2 ba · sleeps 6 | $37,087 | $172 | 59% | 5★ (111) | 0.4 mi | AirbnbVrbo |
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 15) + 0.75% investor premium
Est. revenue
$44,374
NOI
$21,977
Cash flow /mo
-$764
Cash needed
$156,850
Cash-on-cash
-5.8%
ROE (yr 1)
4.9%
Cap rate
4.7%
DSCR
0.71
Year-1 write-off
$135,192
Year-1 tax shield @ 32%
$43,261
Year-1 return on equity
- Cash flow (annual)-$9,170
- Principal paydown$2,828
- Appreciation at%$13,950
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)$8,875
- Platform fees (3% of revenue)$1,331
- Maintenance / capex (5% of revenue)$2,219
- Utilities & supplies$4,200
- HOA$1,200
- Property tax$1,782
- Insurance (STR-rated)$2,790
Cash needed to close
- Down payment (25%)$116,250
- Closing costs (4.0%)$18,600
- Furnishing (bought new)$22,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$43,261
Property tax, insurance rate and the land/building split come from this listing's county tax record; 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
$417,000
Short-life (5/15-yr)
$113,000 · 27%
Year-1 deduction
$135,000
Year-1 tax shield @ 32%
$43,000
Land 10% (county tax record, market value split) · building $304,000 over 39 years · new furniture $22,000
Based on: 1,144 sq ft, built 1999, 2 bd / 2 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $88,000 in year 1 (16% short-life, $28,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,400
Kitchen cabinetsdefault
$8,300 new × 40% good × 3.43 allocation
- $9,300
Kitchen countertopsdefault
$6,800 new × 40% good × 3.43 allocation
- $2,700
Decorative trimdefault
$2,000 new × 40% good × 3.43 allocation
- $400
Mirrorsdefault
$300 new × 40% good × 3.43 allocation
- $1,200
Shelvingdefault
$900 new × 40% good × 3.43 allocation
- $3,800
Window coverings (11)default
$2,800 new × 40% good × 3.43 allocation
- $10,200
Kitchen & laundry equipment plumbingdefault
$6,500 new × 46% good × 3.43 allocation
- $6,200
Kitchen, laundry & data equipment electricaldefault
$3,900 new × 46% good × 3.43 allocation
- $7,600
Appliances (range, microwave, dishwasher, washer, dryer)listing
$5,500 new × 40% good × 3.43 allocation
- $12,400
Hot tub (freestanding)listing
$9,000 new × 40% good × 3.43 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $12,000
Paving: driveway & walks (paved)listing
$7,000 new × 50% good × 3.43 allocation
- $11,600
Landscaping (typical)default
$6,700 new × 50% good × 3.43 allocation
- $1,900
Patiosdefault
$1,100 new × 50% good × 3.43 allocation
- $22,100
Decks & porches (attached)listing
$12,900 new × 50% good × 3.43 allocation
- $233,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$123,800 new × 55% good × 3.43 allocation
- $20,200
Building plumbing & fixturesdefault
$12,800 new × 46% good × 3.43 allocation
- $18,600
Building electrical & lightingdefault
$11,800 new × 46% good × 3.43 allocation
- $17,700
HVACdefault
$12,900 new × 40% good × 3.43 allocation
- $10,100
Hardwood & tile floorsdefault
$7,400 new × 40% good × 3.43 allocation
- $3,600
Fireplacelisting
$2,600 new × 40% good × 3.43 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $87,200 | $47,700 | $300 | $135,200 |
| 2 | $0 | $0 | $7,800 | $7,800 |
| 3 | $0 | $0 | $7,800 | $7,800 |
| 4 | $0 | $0 | $7,800 | $7,800 |
| 5 | $0 | $0 | $7,800 | $7,800 |
| 6+ | $0 | $0 | $272,500 | $272,500 |
| Total | $87,200 | $47,700 | $304,100 | $438,900 |
The building's share of the price ($417,000) is 3.4x our depreciated replacement cost of the home ($121,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.
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
STR allowed in most of Sevier County; inside Gatlinburg city limits only in overnight-rental zones.