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Rate 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium

841 Golf View Blvd

841 Golf View Blvd

Pigeon Forge, TN 37863

$615,000

3 bd · 3 ba · 1,829 sqft · Listed 8d ago

View on Realtor.com →
High HOANegative cash flow

Year built

2002

Sqft

1,829

Lot sqft

—

HOA / mo

$640

Furnished

No

List date

2026-11-04T19:06:19.000000Z

Revenue

Annual revenue

$49,023

ADR

$257

Occupancy

52%

Cleaning fees (12 mo)

$9,289

Confidence

Low (46.12), 50 comps

Comp revenue range (p25 / median / p75)

$30,816$45,693$66,069

Median revenue of shown comps: $45,057

  • Whisperwood Lodge Hot Tub Arcade 2Fireplace

    Vacation home · 3 bd · 2 ba · sleeps 8 · 144 ft

    Revenue $52,102ADR $261Occ ≈ 55%4.3★ (7)

    Booking

  • Lucky Logs #283

    Vacation home · 3 bd · 2 ba · sleeps 6 · 154 ft

    Revenue $44,616ADR $181Occ ≈ 68%4.5★ (16)

    Booking

  • Mountain Sanctuary | Indoor/ Outdoor Pools!

    Condominium (condo) · 3 bd · 3.5 ba · sleeps 8 · 164 ft

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

    Revenue $45,057ADR $286Occ ≈ 43%3.5★ (10)

    AirbnbVrboBooking

  • Designer 2+ Bedroom Condo on Dollywood Lane

    Condominium (condo) · 3 bd · 2 ba · sleeps 8 · 240 ft

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

    Revenue $46,329ADR $189Occ ≈ 67%4.9★ (412)

    Airbnb

  • Peak View Paradise 3310 | Great Location, Pool

    Condominium (condo) · 3 bd · 3 ba · sleeps 6 · 243 ft

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $17,205ADR $290Occ ≈ 16%4★ (4)

    AirbnbVrboBooking

  • Golf View Escape

    Apartment · 3 bd · 2 ba · sleeps 6 · 276 ft

    Revenue $36,567ADR $164Occ ≈ 61%2★ (1)

    Booking

  • 3BR Luxury Cabin w/ Hot Tub – 5 min to Dollywood

    Cabin · 3 bd · 3 ba · sleeps 10 · 299 ft

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $39,846ADR $308Occ ≈ 35%4.8★ (287)

    AirbnbVrbo

  • Near Dollywood • Spacious 3Bed 3Bath Condo • Golfview Resort

    Condominium (condo) · 3 bd · 3 ba · sleeps 6 · 338 ft

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

    Revenue $54,338ADR $287Occ ≈ 52%5★ (152)

    Vrbo

  • Mountain Views & Golf Retreat in Pigeon Forge

    Condominium (condo) · 3 bd · 3 ba · sleeps 8 · 345 ft

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $66,124ADR $247Occ ≈ 73%4.6★ (105)

    AirbnbVrboBooking

  • 3rd Floor Mtn View Condo, Sleeps 6・Hot Tub・Pool

    Condominium (condo) · 3 bd · 3 ba · sleeps 6 · 345 ft

    Revenue $9,396ADR $203Occ ≈ 13%2★ (1)

    Airbnb

Show 31 more
  • Cozy Bear Cove by Avada Properties

    Vacation home · 3 bd · 3 ba · sleeps 9 · 374 ft

    Revenue $51,781ADR $209Occ ≈ 68%4★ (6)

    Booking

  • Hot Tub, Pool Table | In the Heart of Pigeon Forge

    Cabin · 3 bd · 2 ba · sleeps 10 · 394 ft

    Revenue $76,635ADR $337Occ ≈ 62%4.9★ (18)

    AirbnbBooking

  • 3BR Mtn-view condo w/ Free Attraction Tickets

    Condominium (condo) · 3 bd · 3 ba · sleeps 6 · 400 ft

    Revenue $8,130ADR $198Occ ≈ 11%4.7★ (23)

    AirbnbBooking

  • The Clubhouse 3206 | Resort Pools, Sauna + Hot Tub

    Condominium (condo) · 3 bd · 3.5 ba · sleeps 8 · 449 ft

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

    Revenue $60,663ADR $306Occ ≈ 54%4.5★ (43)

    AirbnbVrboBooking

  • "Sundaze" 3 Bedroom Cabin

    House · 3 bd · 2 ba · sleeps 8 · 495 ft

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $21,318ADR $384Occ ≈ 15%—

    AirbnbVrbo

  • 3BR Resort Cabin w/ Hot Tub – 5 min to Dollywood

    Cabin · 3 bd · 3 ba · sleeps 10 · 515 ft

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

    Revenue $40,052ADR $298Occ ≈ 37%4.8★ (308)

    AirbnbVrbo

  • Near Dollywood | Golf View Condo w/ Pools & Sauna

    Apartment · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $19,721ADR $215Occ ≈ 25%4.8★ (23)

    Airbnb

  • Dollywood | 3 Bedroom | Hot Tub | Family | Tickets

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $57,244ADR $325Occ ≈ 48%4.8★ (34)

    AirbnbVrboBooking

  • Indoor Pool*Close to Dollywood *Penthouse

    Condominium (condo) · 3 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $54,342ADR $197Occ ≈ 76%4.9★ (186)

    Airbnb

  • Prime Location in PF | Hot-Tub & GameRm | Sleeps X

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

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +6

    Revenue $51,936ADR $278Occ ≈ 51%5★ (36)

    Airbnb

  • Free Dollywood Tix/Pool/5Min2Dollywood/Pool Table

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

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +5

    Revenue $82,476ADR $313Occ ≈ 72%5★ (133)

    AirbnbVrbo

  • Dollywood 3 Miles, Game Room, Theater, Hot Tub

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +7

    Revenue $108,969ADR $469Occ ≈ 64%5★ (273)

    AirbnbVrbo

  • Sunshine and Whiskey by Avada Properties

    Vacation home · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $70,301ADR $213Occ ≈ 90%—

    Booking

  • Game Room~ HotTub~ Dollywood 3 Miles~Outdoor Pool

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $69,515ADR $367Occ ≈ 52%4.8★ (32)

    AirbnbVrboBooking

  • Spacious Mountain Cabin with Hot Tub & Game Room near Downtown Gatlinburg, Tennessee

    House · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $8,793ADR $488Occ ≈ 5%—

    Delisted

  • Bear Cove by AvantStay | Hot Tub + Pool Table!

    House · 3 bd · 2 ba · sleeps 10 · 0.2 mi

    Revenue $12,056ADR $758Occ ≈ 4%4.5★ (8)

    Delisted

  • Dollywood, golf in PF. Minutes to Gb, Hot tub

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.2 mi

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

    Revenue $67,919ADR $265Occ ≈ 70%4.9★ (208)

    AirbnbVrboBooking

  • Smoky Mountain Cabin+Pool+Hot Tub+Dollywood

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +3

    Revenue $85,703ADR $465Occ ≈ 50%4.8★ (138)

    AirbnbVrboBooking

  • Bear Cove Falls Unit 2

    Vacation home · 3 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $38,422ADR $229Occ ≈ 46%2.5★ (2)

    Booking

  • 6 min to Dollywood, hot tub & game room

    House · 3 bd · 2 ba · sleeps 10 · 0.2 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +7

    Revenue $57,664ADR $306Occ ≈ 52%5★ (64)

    AirbnbVrboBooking

  • Adventure Lodge-Hot Tub, Game Room, Near Dollywood

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.2 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $65,904ADR $280Occ ≈ 64%4.9★ (333)

    AirbnbVrbo

  • All Bear Paws

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

    • Pool
    • A/C
    • Pets OK
    • Wifi
    • +4

    Revenue $2,102ADR $525Occ ≈ 1%—

    AirbnbVrboBooking

  • Sasquatch Inn

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.2 mi

    • A/C
    • Pets OK
    • Wifi
    • Kitchen
    • +1

    Revenue $1,950ADR $487Occ ≈ 1%5★ (1)

    AirbnbBooking

  • Bearadise Cove Your Cozy Corner of Paradise

    Chalet · 3 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $41,743ADR $222Occ ≈ 52%4★ (1)

    Booking

  • Huge 3BD in TOWN! HOT TUB +Game Room +POOL Access!

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.2 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $42,607ADR $259Occ ≈ 45%4.8★ (28)

    AirbnbVrbo

  • Cole's Condo Comfort, Cozy, Convenient

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $30,720ADR $166Occ ≈ 51%4.5★ (2)

    Booking

  • Treetop Bungalow Treetop Views, Dollywood Close

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $31,104ADR $196Occ ≈ 43%4.7★ (5)

    Booking

  • Dream Chaser Minutes from Dollywood & Downtown

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $23,850ADR $167Occ ≈ 39%4.5★ (2)

    Booking

  • 3 Bedroom Cabin close to Dollywood, Dixie Stampede, Fenced in Yard dog Friendly

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

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

    Revenue $73,780ADR $279Occ ≈ 72%4.4★ (91)

    Vrbo

  • Family Cabin near Dollywood. Fall Specials

    Cabin · 3 bd · 3 ba · sleeps 9 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $38,535ADR $348Occ ≈ 30%5★ (28)

    Airbnb

  • 3 mi 2 Dollywood/2 bed+kids bunk rm/Arcade/GSMNP

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $56,312ADR $275Occ ≈ 56%5★ (117)

    Airbnb

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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium

Est. revenue

$49,023

NOI

$17,486

Cash flow /mo

-$1,905

Cash needed

$197,850

Cash-on-cash

-11.6%

ROE (yr 1)

-0.3%

Cap rate

2.8%

DSCR

0.43

Year-1 write-off

$127,658

Year-1 tax shield @ 32%

$40,851

Year-1 return on equity

  • Cash flow (annual)-$22,859
  • Principal paydown$3,907
  • Appreciation at%$18,450
ROE-0.3%

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)$9,805
  • Platform fees (3% of revenue)$1,471
  • Maintenance / capex (5% of revenue)$2,451
  • Utilities & supplies$4,200
  • HOA$7,680
  • Property tax$2,241
  • Insurance (STR-rated)$3,690

Cash needed to close

  • Down payment (25%)$153,750
  • Closing costs (4.0%)$24,600
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$40,851

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

$561,000

Short-life (5/15-yr)

$108,000 · 19%

Year-1 deduction

$128,000

Year-1 tax shield @ 32%

$41,000

Land 9% (county tax record, market value split) · building $453,000 over 39 years · new furniture $20,000

Based on: 1,829 sq ft, built 2002, 3 bd / 3 ba, unfurnished, listing features (fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $97,000 in year 1 (14% short-life, $31,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$95,300
  • Kitchen cabinetsdefault

    $9,800 new × 40% good × 3.03 allocation

    $11,900
  • Kitchen countertopsdefault

    $8,000 new × 40% good × 3.03 allocation

    $9,700
  • Decorative trimdefault

    $3,200 new × 40% good × 3.03 allocation

    $3,900
  • Mirrorsdefault

    $500 new × 40% good × 3.03 allocation

    $500
  • Shelvingdefault

    $1,200 new × 40% good × 3.03 allocation

    $1,500
  • Window coverings (18)default

    $4,500 new × 40% good × 3.03 allocation

    $5,500
  • Carpet, vinyl & laminate (100% of floors)listing

    $11,800 new × 40% good × 3.03 allocation

    $14,300
  • Kitchen & laundry equipment plumbingdefault

    $7,600 new × 52% good × 3.03 allocation

    $12,000
  • Kitchen, laundry & data equipment electricaldefault

    $4,600 new × 52% good × 3.03 allocation

    $7,300
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 3.03 allocation

    $9,300
  • Furniture bought newlisting

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

    $19,500
15-year land improvements$31,800
  • Paving: driveway & walks (paved)default

    $8,900 new × 50% good × 3.03 allocation

    $13,400
  • Landscaping (typical)default

    $8,500 new × 50% good × 3.03 allocation

    $12,900
  • Patiosdefault

    $1,800 new × 50% good × 3.03 allocation

    $2,700
  • Decks & porches (attached)default

    $1,800 new × 50% good × 3.03 allocation

    $2,700
Building, 39-year$453,200
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $198,200 new × 60% good × 3.03 allocation

    $360,300
  • Building plumbing & fixturesdefault

    $20,600 new × 52% good × 3.03 allocation

    $32,400
  • Building electrical & lightingdefault

    $20,500 new × 52% good × 3.03 allocation

    $32,200
  • HVACdefault

    $20,600 new × 40% good × 3.03 allocation

    $25,000
  • Fireplacelisting

    $2,600 new × 40% good × 3.03 allocation

    $3,200

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$95,300$31,800$500$127,700
2$0$0$11,600$11,600
3$0$0$11,600$11,600
4$0$0$11,600$11,600
5$0$0$11,600$11,600
6+$0$0$406,200$406,200
Total$95,300$31,800$453,200$580,300

The building's share of the price ($561,000) is 3.0x our depreciated replacement cost of the home ($185,000). 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.