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Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

916 N Woodland Dr

916 N Woodland Dr

Gatlinburg, TN 37738

$677,000

2 bd · 2 ba · 1,020 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2019

Sqft

1,020

Lot sqft

13,068

HOA / mo

$48

Furnished

No

List date

2026-10-13T16:12:12.000000Z

Revenue

Annual revenue

$63,795

ADR

$286

Occupancy

61%

Cleaning fees (12 mo)

$10,651

Confidence

Low (48.46), 49 comps

Comp revenue range (p25 / median / p75)

$40,134$57,989$72,618

Median revenue of shown comps: $57,989

  • Mt. LeConte View! Cozy Luxury Cabin, Fire Pit, Hot Tub, Close to town and park

    Cabin · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $65,244ADR $330Occ ≈ 54%5★ (265)

    Vrbo

  • Woodlands: Best Location/Add'l trailer parking

    Cabin · 2 bd · 2 ba · sleeps 8 · 217 ft

    Revenue $80,058ADR $319Occ ≈ 69%5★ (348)

    AirbnbVrbo

  • Chestnut Tower – Mt LeConte Views, Hot Tub, Games

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 253 ft

    Revenue $19,394ADR $688Occ ≈ 8%—

    AirbnbVrboBooking

  • Knottywood -Charming Cabin - Unforgettable Stay

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 358 ft

    Revenue $20,055ADR $343Occ ≈ 16%4.9★ (47)

    AirbnbVrbo

  • Woodlands: 4 Person Special Offer

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    Revenue $38,318ADR $191Occ ≈ 55%5★ (5)

    Airbnb

  • Built in 2018! Charming spacious chalet sleeps 6

    Chalet · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $39,656ADR $206Occ ≈ 53%5★ (336)

    AirbnbVrbo

  • Chestnut Tower - Views, hot tub, and a pool table!

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.1 mi

    Revenue $61,281ADR $231Occ ≈ 73%4.7★ (35)

    AirbnbVrboBooking

  • Hot tub & pool table in GBurg! Gorgeous home!

    House · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $57,797ADR $305Occ ≈ 52%4.8★ (23)

    Airbnb

  • Hot Tub, Game Room, Decks: Cabin in Gatlinburg

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.2 mi

    Revenue $52,008ADR $281Occ ≈ 51%5★ (175)

    AirbnbVrboBooking

  • Little Bear: dog-friendly •hot tub •free tickets

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $42,770ADR $228Occ ≈ 51%4.7★ (142)

    AirbnbVrbo

Show 33 more
  • BRAND NEW cozy cabin tucked away

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.2 mi

    Revenue $40,134ADR $189Occ ≈ 58%5★ (100)

    Airbnb

  • Prime Location! | Gatlinburg 3 mi | 2 King Beds!

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.2 mi

    Revenue $62,238ADR $225Occ ≈ 76%4.9★ (253)

    AirbnbVrbo

  • Luxurious Modern Cabin with Incredible Game Room and Hot-Tub in Gatlinburg, Tennessee

    Vacation home · 2 bd · 1 ba · sleeps 8 · 0.2 mi

    Revenue $9,571ADR $588Occ ≈ 4%—

    Booking

  • New Modern Luxury Cabin w/ Fire Pit, Hot Tub, WiFi

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

    Revenue $76,625ADR $314Occ ≈ 67%4.8★ (60)

    AirbnbVrboBooking

  • Great View! 1/2 mile to Gatlinburg Welcome Center

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $57,732ADR $229Occ ≈ 69%5★ (455)

    AirbnbVrbo

  • Smoky Mountain Hideaway w/ Hot Tub, Deck & Views!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $86,780ADR $339Occ ≈ 70%5★ (217)

    AirbnbVrboBooking

  • Luxury Pool Cabin w/ 2 King Suites, Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $126,811ADR $502Occ ≈ 69%4.8★ (25)

    AirbnbVrboBooking

  • Cozy Cabin w/ Hot Tub 5 min to Downtown Gatlinburg

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.2 mi

    Revenue $56,923ADR $277Occ ≈ 56%5★ (57)

    AirbnbVrboBooking

  • Brand New Modern Mountain Chalet

    Chalet · 2 bd · 1.5 ba · sleeps 4 · 0.2 mi

    Revenue $62,522ADR $270Occ ≈ 63%4.8★ (133)

    AirbnbVrboBooking

  • Gorgeous 2 bedroom chalet with hot tub and pool table in Gatlinburg!

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $41,022ADR $190Occ ≈ 59%4.9★ (6)

    Booking

  • Luxury Cabin-Mountain Views-Hot Tub-Pool Access

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $90,345ADR $349Occ ≈ 71%5★ (55)

    AirbnbVrbo

  • NEWLY BUILT cozy cabin, great views and location!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $34,200ADR $180Occ ≈ 52%5★ (237)

    Airbnb

  • New, Modern 3 BR w/ WiFi, Hot Tub, Close to Town

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.2 mi

    Revenue $65,174ADR $261Occ ≈ 68%4.7★ (114)

    AirbnbVrboBooking

  • Cozy 2bedroom modern rustic cabin mountaintop views in Chalet Village Gatlinburg

    Cabin · 2 bd · 3 ba · sleeps 4 · 0.2 mi

    Revenue $26,389ADR $193Occ ≈ 37%5★ (15)

    Vrbo

  • Hot Tub Retreat that is 1 Mile to Gatlinburg Fun

    House · 2 bd · 1.5 ba · sleeps 6 · 0.3 mi

    Revenue $22,985ADR $186Occ ≈ 34%5★ (11)

    AirbnbVrbo

  • Hot Tub Retreat that is 1 Mile to Gatlinburg Fun

    Vacation home · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $8,718ADR $198Occ ≈ 12%—

    Booking

  • WOW Views! Fire Pits! 2 Master Suites! Hot Tub!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $114,128ADR $338Occ ≈ 93%5★ (334)

    AirbnbVrbo

  • Modern Gatlinburg Cabin · Hot Tub · 2 King Suites

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $64,781ADR $278Occ ≈ 64%5★ (309)

    AirbnbVrboBooking

  • Falling Brook - Creekside Cabin with Hot Tub

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.3 mi

    Revenue $44,397ADR $193Occ ≈ 63%4★ (22)

    AirbnbVrboBooking

  • Great location Brand New Farm house,Game-room

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $83,942ADR $341Occ ≈ 67%5★ (225)

    AirbnbVrbo

  • Hot Tub w/ Mountain View, Cozy Cabin, 1 Lucky Buck

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $72,618ADR $286Occ ≈ 70%5★ (252)

    AirbnbVrbo

  • 2BD Cabin w/ Hot Tub! Pool +Near TOWN

    Cabin · 2 bd · 2.5 ba · sleeps 5 · 0.3 mi

    Revenue $61,696ADR $303Occ ≈ 56%5★ (74)

    AirbnbVrbo

  • MTN Views|Private|2 King Suites|HotTub|Game Room|+

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $4,857ADR $231Occ ≈ 6%5★ (3)

    AirbnbVrbo

  • Chestnut: Beautiful Cabin in the best area.

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Wifi
    • +3

    Revenue $95,892ADR $315Occ ≈ 83%5★ (344)

    Airbnb

  • Unreal Views! 2 Master Suites! 4 Decks! Game Room!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $138,373ADR $403Occ ≈ 94%5★ (270)

    AirbnbVrbo

  • "Gatlinburg Splash" 2 Bedroom Cabin

    House · 2 bd · 2.5 ba · sleeps 4 · 0.4 mi

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $83,253ADR $436Occ ≈ 52%4.5★ (2)

    AirbnbVrbo

  • Black Bear Cabin - Luxury Cabin - Gatlinburg

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.5 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $55,921ADR $321Occ ≈ 48%4.8★ (38)

    AirbnbVrboBooking

  • 2 King Suites • Hot Tub • Dog Friendly • Views

    Chalet · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $61,685ADR $253Occ ≈ 67%4.9★ (319)

    AirbnbVrbo

  • View, Hot Tub, W/D, Grill, Fireplace, Pets Free

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $69,112ADR $268Occ ≈ 71%5★ (458)

    AirbnbVrbo

  • Chestnut: 4 Person Special Offer

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.5 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $57,989ADR $219Occ ≈ 73%5★ (99)

    AirbnbVrbo

  • Cozy Cave | Mountain View! | Sleeps 6 | 2022 Cabin

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.5 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $61,114ADR $291Occ ≈ 58%4.9★ (164)

    Airbnb

  • Bare's End: Hot Tub • Mtn View • Free Dollywood Ticket

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $45,354ADR $253Occ ≈ 49%4.8★ (82)

    AirbnbVrbo

  • Highland Village D202 Gatlinburg

    Apartment · 2 bd · 2.5 ba · sleeps 6 · 0.5 mi

    Revenue $14,274ADR $171Occ ≈ 23%4.9★ (70)

    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

Financing
Management
Term

Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

Est. revenue

$63,795

NOI

$35,199

Cash flow /mo

-$846

Cash needed

$212,330

Cash-on-cash

-4.8%

ROE (yr 1)

6.7%

Cap rate

5.2%

DSCR

0.78

Year-1 write-off

$149,120

Year-1 tax shield @ 32%

$47,718

Year-1 return on equity

  • Cash flow (annual)-$10,148
  • Principal paydown$4,117
  • Appreciation at%$20,310
ROE6.7%

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)$12,759
  • Platform fees (3% of revenue)$1,914
  • Maintenance / capex (5% of revenue)$3,190
  • Utilities & supplies$4,200
  • HOA$576
  • Property tax$1,895
  • Insurance (STR-rated)$4,062

Cash needed to close

  • Down payment (25%)$169,250
  • Closing costs (4.0%)$27,080
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$47,718

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

$510,000

Short-life (5/15-yr)

$133,000 · 26%

Year-1 deduction

$149,000

Year-1 tax shield @ 32%

$48,000

Land 25% (county tax record, market value split) · building $378,000 over 39 years · new furniture $16,000

Based on: 1,020 sq ft, built 2019, 2 bd / 2 ba, unfurnished, listing features (hot tub, deck, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $94,000 in year 1 (15% short-life, $30,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$100,100
  • Kitchen cabinetsdefault

    $8,000 new × 72% good × 2.77 allocation

    $16,000
  • Kitchen countertopsdefault

    $6,600 new × 72% good × 2.77 allocation

    $13,100
  • Decorative trimdefault

    $1,800 new × 72% good × 2.77 allocation

    $3,600
  • Mirrorsdefault

    $300 new × 42% good × 2.77 allocation

    $300
  • Shelvingdefault

    $900 new × 72% good × 2.77 allocation

    $1,800
  • Window coverings (10)default

    $2,500 new × 40% good × 2.77 allocation

    $2,800
  • Carpet, vinyl & laminate (50% of floors)listing

    $3,300 new × 42% good × 2.77 allocation

    $3,800
  • Kitchen & laundry equipment plumbingdefault

    $6,300 new × 86% good × 2.77 allocation

    $14,900
  • Kitchen, laundry & data equipment electricaldefault

    $3,800 new × 86% good × 2.77 allocation

    $9,000
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 42% good × 2.77 allocation

    $8,900
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.77 allocation

    $10,000
  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
15-year land improvements$48,600
  • Paving: driveway & walks (paved)default

    $6,600 new × 72% good × 2.77 allocation

    $13,200
  • Landscaping (typical)default

    $6,400 new × 72% good × 2.77 allocation

    $12,700
  • Patiosdefault

    $1,000 new × 72% good × 2.77 allocation

    $2,000
  • Decks & porches (attached)listing

    $11,500 new × 65% good × 2.77 allocation

    $20,700
Building, 39-year$377,600
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $110,300 new × 88% good × 2.77 allocation

    $269,700
  • Building plumbing & fixturesdefault

    $11,400 new × 86% good × 2.77 allocation

    $27,200
  • Building electrical & lightingdefault

    $10,200 new × 86% good × 2.77 allocation

    $24,300
  • HVACdefault

    $11,500 new × 65% good × 2.77 allocation

    $20,700
  • Hardwood & tile floorsdefault

    $3,300 new × 72% good × 2.77 allocation

    $6,500
  • Fireplacelisting

    $2,600 new × 72% good × 2.77 allocation

    $5,200
  • Septic systemlisting

    $12,000 new × 72% good × 2.77 allocation

    $23,900

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$100,100$48,600$400$149,100
2$0$0$9,700$9,700
3$0$0$9,700$9,700
4$0$0$9,700$9,700
5$0$0$9,700$9,700
6+$0$0$338,500$338,500
Total$100,100$48,600$377,600$526,300

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.