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Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

3416 Brook Stone Way

3416 Brook Stone Way

Pigeon Forge, TN 37863

$1,100,000

3 bd · 3 ba · 2,379 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

1998

Sqft

2,379

Lot sqft

—

HOA / mo

$160

Furnished

No

List date

2026-10-01T12:38:24.000000Z

Revenue

Annual revenue

$60,789

ADR

$303

Occupancy

55%

Cleaning fees (12 mo)

$10,475

Confidence

Med (58.71), 49 comps

Comp revenue range (p25 / median / p75)

$43,939$55,357$69,901
  • Location! 5 Mins to Dollywood/New Updates/Arcade

    Cabin · 3 bd · 3 ba · sleeps 10 · 59 ft

    Revenue $57,186ADR $277Occ ≈ 57%4.8★ (132)

    AirbnbVrbo

  • Brentwood, Free Tickets, Near The Parkway

    Cabin · 3 bd · 3 ba · sleeps 8 · 59 ft

    Revenue $47,214ADR $278Occ ≈ 47%4.5★ (38)

    AirbnbVrboBooking

  • Pebblestone Lodge -Luxurious 3 Bedroom Cabin in Pi

    Cabin · 3 bd · 3 ba · sleeps 8 · 115 ft

    Revenue $45,499ADR $325Occ ≈ 38%5★ (32)

    AirbnbVrbo

  • Majestic Forest by Conley Properties, LLC

    Cabin · 3 bd · 3.5 ba · sleeps 13 · 138 ft

    Revenue $88,069ADR $695Occ ≈ 35%4.8★ (94)

    AirbnbVrbo

  • Pet Friendly! Location! No Steep Roads

    Cabin · 3 bd · 3 ba · sleeps 10 · 151 ft

    Revenue $107,080ADR $440Occ ≈ 67%4.9★ (163)

    AirbnbVrbo

  • Parkway Pigeon Forge Resort Cabin with Theater Roo

    House · 3 bd · 3 ba · sleeps 10 · 220 ft

    Revenue $78,098ADR $334Occ ≈ 64%4.8★ (118)

    AirbnbVrboBooking

  • Stonehouse Ridge By Avada Properties

    Vacation home · 3 bd · 3 ba · sleeps 12 · 223 ft

    Revenue $117,138ADR $339Occ ≈ 95%5★ (1)

    Booking

  • Pebblestone Lodge

    Chalet · 3 bd · 3 ba · sleeps 8 · 253 ft

    Revenue $37,653ADR $265Occ ≈ 39%5★ (4)

    Booking

  • Foxes Den by Avada Properties

    Vacation home · 3 bd · 2 ba · sleeps 6 · 282 ft

    Revenue $34,170ADR $191Occ ≈ 49%3.4★ (3)

    Booking

  • Hillside Haven by Avada Properties

    Vacation home · 3 bd · 3 ba · sleeps 6 · 299 ft

    Revenue $75,466ADR $255Occ ≈ 81%5★ (3)

    Booking

Show all 49 comps
  • Pigeon Forge Cabin, Sleeps 10, Hot Tub, Pool Table

    House · 3 bd · 3 ba · sleeps 10 · 325 ft

    Revenue $32,430ADR $233Occ ≈ 38%4.4★ (29)

    AirbnbVrboBooking

  • Sleeps 12 • 2 Min to Parkway • No Steep Roads

    Cabin · 3 bd · 3 ba · sleeps 12 · 381 ft

    Revenue $69,901ADR $372Occ ≈ 51%5★ (228)

    AirbnbVrbo

  • NEW! Count Your Blessings 3-Bedroom Home with Pool

    House · 3 bd · 2 ba · sleeps 10 · 404 ft

    Revenue $49,945ADR $332Occ ≈ 41%—

    Vrbo

  • Hilltop Hideaway: Beautiful Luxury Cabin with view

    Cabin · 3 bd · 3 ba · sleeps 10 · 469 ft

    Revenue $57,868ADR $359Occ ≈ 44%4.8★ (107)

    AirbnbVrbo

  • Game Loft Cabin w/ Hot Tub | Near Parkway

    House · 3 bd · 3 ba · sleeps 8 · 469 ft

    Revenue $53,591ADR $296Occ ≈ 50%4.8★ (30)

    AirbnbVrbo

  • 3BR w/Hot Tub, Free Attraction Tickets, Game Room

    House · 3 bd · 3 ba · sleeps 8 · 469 ft

    Revenue $20,069ADR $239Occ ≈ 23%4.2★ (50)

    AirbnbVrboBooking

  • Modern rustic chalet minutes from Dollywood!

    Cabin · 3 bd · 3 ba · sleeps 8 · 492 ft

    Revenue $86,926ADR $320Occ ≈ 74%5★ (234)

    AirbnbVrbo

  • Liberty Haven - Arcade Games, Hot Tub & Community

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.1 mi

    Revenue $60,775ADR $351Occ ≈ 47%4.7★ (34)

    AirbnbVrbo

  • 🧸 Relaxing Log Cabin/🔥Wifi/🦦Huge Deck🕺🏼/ Hot Tub 🛁🌌

    Cabin · 3 bd · 3 ba · sleeps 7 · 0.1 mi

    Revenue $60,720ADR $276Occ ≈ 60%4.8★ (196)

    AirbnbVrbo

  • Count Your Blessings: Free Tix,Hot Tub,Pool Access

    House · 3 bd · 2 ba · sleeps 10 · 0.1 mi

    Revenue $46,935ADR $317Occ ≈ 41%4.8★ (20)

    AirbnbVrboBooking

  • Pigeon Forge,Prkwy, Resort Pool, Hot Tub & Theater

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.1 mi

    Revenue $71,803ADR $360Occ ≈ 55%4.7★ (86)

    AirbnbVrbo

  • Pigeon Perch

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $10,168ADR $269Occ ≈ 10%4.9★ (51)

    AirbnbVrbo

  • Holden On - Minutes from Attractions, Shops & Food

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $41,496ADR $304Occ ≈ 37%3.6★ (38)

    AirbnbVrboBooking

  • Luxury in Cabin in Pigeon Forge Close to Parkway

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $46,881ADR $294Occ ≈ 44%4.6★ (12)

    AirbnbVrbo

  • Take It Easy | Spacious Cabin, Game Room, Hot Tub!

    Cabin · 3 bd · 3 ba · sleeps 13 · 0.2 mi

    Revenue $55,296ADR $454Occ ≈ 33%3.9★ (77)

    AirbnbVrboBooking

  • Theater Room • Hot Tub • Game Loft

    Chalet · 3 bd · 3 ba · sleeps 11 · 0.3 mi

    Revenue $19,807ADR $400Occ ≈ 14%3.8★ (4)

    AirbnbVrboBooking

  • King Bed‼️Pet friendly|Smart lock|;)Pigeon Forge‼️

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.4 mi

    Revenue $35,955ADR $204Occ ≈ 48%4.5★ (97)

    AirbnbVrboBooking

  • Whispering Pines Condo w. Balcony + Amenities

    Condominium (condo) · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $59,296ADR $360Occ ≈ 45%5★ (4)

    AirbnbVrboBooking

  • Secluded Cabin 1 Mi to Strip | Hot Tub + Games

    Cabin · 3 bd · 4 ba · sleeps 10 · 0.4 mi

    Revenue $51,593ADR $271Occ ≈ 52%4.8★ (24)

    AirbnbVrbo

  • 3 bedroom cabin with Wifi, Firepit Air Hockey and

    House · 3 bd · 4 ba · sleeps 12 · 0.4 mi

    Revenue $79,906ADR $297Occ ≈ 74%3.8★ (43)

    AirbnbVrboBooking

  • Beyond Blessed | Views + Fun On-Site Amenities!

    Condominium (condo) · 3 bd · 3 ba · sleeps 8 · 0.4 mi

    Revenue $90,525ADR $349Occ ≈ 71%4.8★ (12)

    AirbnbVrboBooking

  • Tennessee Retreat | Mountain Views + 2 Pools!

    Condominium (condo) · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    Revenue $71,185ADR $335Occ ≈ 58%4.8★ (65)

    AirbnbVrboBooking

  • Smoky Mountain Dream | Mountain Views + 2 Pools!

    Condominium (condo) · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    Revenue $64,671ADR $326Occ ≈ 54%4.5★ (83)

    AirbnbVrboBooking

  • Rock-a-While | Mountain Views, Fireplace!

    Condominium (condo) · 3 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $73,931ADR $340Occ ≈ 60%4.7★ (93)

    AirbnbVrboBooking

  • Sweet Dreams | Lazy River + On-Site Gym!

    Condominium (condo) · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $52,028ADR $270Occ ≈ 53%4.6★ (96)

    AirbnbVrboBooking

  • Whispering Pines 124 | Mountain Views, Amenities!

    Condominium (condo) · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $55,357ADR $343Occ ≈ 44%4.3★ (12)

    AirbnbVrboBooking

  • A Peaceful Retreat Whispering Pines 622

    Apartment · 3 bd · 2 ba · sleeps 9 · 0.5 mi

    Revenue $52,550ADR $252Occ ≈ 57%3.5★ (4)

    Booking

  • Smokin Views | Mountain Views & 2 Pools!

    Condominium (condo) · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    Revenue $62,307ADR $314Occ ≈ 54%4.7★ (3)

    AirbnbVrboBooking

  • We've Got It All | Mnt Views + 2 Pools & Sauna!

    Condominium (condo) · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    Revenue $67,993ADR $413Occ ≈ 45%4.6★ (103)

    AirbnbVrboBooking

  • Paradise Pines Whispering Pines 133

    Apartment · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $55,894ADR $238Occ ≈ 64%4.7★ (3)

    Booking

  • Prime Pines Whispering Pines 333

    Apartment · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $43,939ADR $222Occ ≈ 54%—

    Booking

  • Rock-a-While | Mountain Views, Fireplace!

    Condominium (condo) · 3 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $60,068ADR $279Occ ≈ 59%4.6★ (67)

    Vrbo

  • Mtn View Condo, Sleeps 8, Pool W Lazy River, Hot T

    Condominium (condo) · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    Revenue $41,335ADR $250Occ ≈ 45%4.5★ (16)

    AirbnbVrboBooking

  • FREE Dollywood & Shows • Whispering Pines 611 •3/3

    Condominium (condo) · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    Revenue $58,102ADR $214Occ ≈ 74%4.8★ (66)

    AirbnbVrbo

  • 3 BR | Indoor Pool/Hot Tub | Balcony | Free Ticket

    Condominium (condo) · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    Revenue $52,378ADR $276Occ ≈ 52%4.7★ (16)

    AirbnbVrboBooking

  • Whispering Pines Relaxing Condo Retreat Awaits

    Condominium (condo) · 3 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $70,172ADR $253Occ ≈ 76%4.9★ (131)

    AirbnbVrbo

  • Spacious 3-BR Condo for 8 w Resort Pools, Hot Tub,

    Condominium (condo) · 3 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $41,845ADR $289Occ ≈ 40%5★ (13)

    AirbnbBooking

  • Cozy Creek by American Patriot Getaways

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $5,050ADR $219Occ ≈ 6%—

    Booking

  • Cozy Cuddles by American Patriot Getaways

    Vacation home · 3 bd · 3 ba · sleeps 6 · 0.5 mi

    Revenue $5,980ADR $260Occ ≈ 6%—

    Booking

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

Financing
Management
Term

Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

Est. revenue

$60,789

NOI

$29,175

Cash flow /mo

-$3,640

Cash needed

$338,500

Cash-on-cash

-12.9%

ROE (yr 1)

-1.1%

Cap rate

2.7%

DSCR

0.40

Year-1 write-off

$239,047

Year-1 tax shield @ 32%

$76,495

Year-1 return on equity

  • Cash flow (annual)-$43,675
  • Principal paydown$6,851
  • Appreciation at%$33,000
ROE-1.1%

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)$12,158
  • Platform fees (3% of revenue)$1,824
  • Maintenance / capex (5% of revenue)$3,039
  • Utilities & supplies$4,200
  • HOA$1,920
  • Property tax$1,873
  • Insurance (STR-rated)$6,600

Cash needed to close

  • Down payment (25%)$275,000
  • Closing costs (4.0%)$44,000
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$76,495

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

$1,015,000

Short-life (5/15-yr)

$219,000 · 22%

Year-1 deduction

$239,000

Year-1 tax shield @ 32%

$76,000

Land 8% (county tax record, market value split) · building $797,000 over 39 years · new furniture $20,000

Based on: 2,379 sq ft, built 1998, 3 bd / 3 ba, unfurnished, listing features (deck, fireplace, flooring types, appliance list, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $131,000 in year 1 (11% short-life, $42,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$138,100
  • Kitchen cabinetsdefault

    $11,000 new × 40% good × 4.54 allocation

    $20,000
  • Kitchen countertopsdefault

    $9,000 new × 40% good × 4.54 allocation

    $16,400
  • Decorative trimdefault

    $4,200 new × 40% good × 4.54 allocation

    $7,600
  • Mirrorsdefault

    $500 new × 40% good × 4.54 allocation

    $800
  • Shelvingdefault

    $1,200 new × 40% good × 4.54 allocation

    $2,200
  • Window coverings (24)default

    $6,000 new × 40% good × 4.54 allocation

    $10,900
  • Carpet, vinyl & laminate (67% of floors)listing

    $10,200 new × 40% good × 4.54 allocation

    $18,500
  • Kitchen & laundry equipment plumbingdefault

    $8,600 new × 44% good × 4.54 allocation

    $17,100
  • Kitchen, laundry & data equipment electricaldefault

    $5,200 new × 44% good × 4.54 allocation

    $10,400
  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)listing

    $8,100 new × 40% good × 4.54 allocation

    $14,700
  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$100,100
  • Paving: driveway & walks (paved)default

    $10,100 new × 50% good × 4.54 allocation

    $23,000
  • Landscaping (minimal)listing

    $4,900 new × 50% good × 4.54 allocation

    $11,000
  • Patiosdefault

    $2,300 new × 50% good × 4.54 allocation

    $5,300
  • Decks & porches (attached)listing

    $26,800 new × 50% good × 4.54 allocation

    $60,800
Building, 39-year$796,700
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $258,300 new × 53% good × 4.54 allocation

    $625,600
  • Building plumbing & fixturesdefault

    $26,800 new × 44% good × 4.54 allocation

    $53,600
  • Building electrical & lightingdefault

    $27,400 new × 44% good × 4.54 allocation

    $54,800
  • HVACdefault

    $26,800 new × 40% good × 4.54 allocation

    $48,700
  • Hardwood & tile floorsdefault

    $5,100 new × 40% good × 4.54 allocation

    $9,300
  • Fireplacelisting

    $2,600 new × 40% good × 4.54 allocation

    $4,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$138,100$100,100$900$239,000
2$0$0$20,400$20,400
3$0$0$20,400$20,400
4$0$0$20,400$20,400
5$0$0$20,400$20,400
6+$0$0$714,200$714,200
Total$138,100$100,100$796,700$1,034,900

The building's share of the price ($1,015,000) is 4.5x our depreciated replacement cost of the home ($224,000). 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.