318 Alpine Mountain Way
Pigeon Forge, TN 37863
$599,000
3 bd · 3 ba · 1,920 sqft · Listed 1d ago
View on Realtor.com →Year built
2011
Sqft
1,920
Lot sqft
436
HOA / mo
$272
Furnished
No
List date
2026-10-16T21:50:44.000000Z
Revenue
Annual revenue
$68,619
ADR
$298
Occupancy
63%
Cleaning fees (12 mo)
$11,352
Confidence
Med (68.19), 50 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $67,274
Charming & Spacious - Close to ALL activities in Pigeon Forge! Winter Specials!
Cabin · 3 bd · 3 ba · sleeps 10 · 138 ft
Revenue $79,468ADR $328Occ ≈ 66%4.9★ (87)
Livin Simple by American Patriot Getaways
Vacation home · 3 bd · 2 ba · sleeps 6 · 180 ft
Revenue $80,970ADR $326Occ ≈ 68%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
3 BR cabin w/grill, hot tub, shared pools, et al! Cabin | 3 bd · 3 ba · sleeps 9 | $28,566 | $414 | 19% | 4.7★ (50) | 46 ft | AirbnbVrbo |
Near Dollywood- Hot Tub- Fire Pit- Pool Table Cabin | 3 bd · 3 ba · sleeps 10 | $105,446 | $406 | 71% | 4.8★ (95) | 131 ft | AirbnbVrboBooking |
Charming & Spacious - Close to ALL activities in Pigeon Forge! Winter Specials! Cabin | 3 bd · 3 ba · sleeps 10 | $79,468 | $328 | 66% | 4.9★ (87) | 138 ft | Vrbo |
Livin Simple by American Patriot Getaways Vacation home | 3 bd · 2 ba · sleeps 6 | $80,970 | $326 | 68% | — | 180 ft | Booking |
3 Mi to DT Pigeon Forge・Serene Cabin・Hot Tub・Games Cabin | 3 bd · 3 ba · sleeps 9 | $45,221 | $242 | 51% | 4.4★ (16) | 184 ft | AirbnbVrboBooking |
Hot Tub, Home Theater & Pool Table Near Dollywood Cabin | 3 bd · 4 ba · sleeps 10 | $79,506 | $316 | 69% | 4.7★ (227) | 190 ft | AirbnbVrboBooking |
1/2 Mile to Parkway*3 BR*Hot Tub*Games*Fireplace Cabin | 3 bd · 3 ba · sleeps 10 | $39,997 | $328 | 33% | 5★ (12) | 217 ft | AirbnbVrbo |
Dancing Deer | Log Cabin, Hot Tub, Games & 2 Pools Cabin | 3 bd · 2 ba · sleeps 10 | $76,595 | $286 | 73% | 4.9★ (198) | 220 ft | AirbnbVrboBooking |
1mi From Parkway ~ Hot Tub ~ Pool ~ Rock Wall Cabin | 3 bd · 3 ba · sleeps 10 | $52,423 | $348 | 41% | 4.8★ (43) | 253 ft | AirbnbVrbo |
3 Bedroom Cabin off parkway/ GAME ROOM Cabin | 3 bd · 3 ba · sleeps 8 | $54,567 | $238 | 63% | 4.4★ (44) | 285 ft | AirbnbVrboBooking |
Show 33 more
Rustic Log Cabin w/ Scenic Views & Hot Tub
Cabin · 3 bd · 3 ba · sleeps 10 · 345 ft
Revenue $9,293ADR $473Occ ≈ 5%—
Wilderness Theater and Lodge
Vacation home · 3 bd · 3 ba · sleeps 10 · 463 ft
Revenue $87,748ADR $436Occ ≈ 55%—
The Honey Pot, Hot Tub, resort Pool, 560 FREE tickets each paid day
Chalet · 3 bd · 2 ba · sleeps 8 · 0.1 mi
Revenue $69,974ADR $280Occ ≈ 68%3.5★ (1)
Lazy Bear Camp by American Patriot Getaways
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $87,335ADR $342Occ ≈ 70%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Luxury Smoky Mtn Cabin • Hot Tub • 3 King Suites Cabin | 3 bd · 3 ba · sleeps 10 | $81,142 | $353 | 63% | 4.8★ (188) | 292 ft | AirbnbVrbo |
Pigeon Forge Getaway w/ Covered Patio & Hot Tub! Cabin | 3 bd · 2 ba · sleeps 8 | $49,955 | $282 | 49% | 4.5★ (124) | 295 ft | AirbnbVrboBooking |
Rustic Log Cabin w/ Scenic Views & Hot Tub Cabin | 3 bd · 3 ba · sleeps 10 | $84,302 | $457 | 51% | — | 299 ft | AirbnbVrbo |
Feb Specials! Hot Tub, Fireplace, 1mi to Pkwy! Cabin | 3 bd · 2 ba · sleeps 8 | $34,173 | $280 | 33% | 5★ (195) | 305 ft | AirbnbVrbo |
Firefly Nights - Hot tub! Community pool access! Cabin | 3 bd · 3 ba · sleeps 10 | $75,695 | $406 | 51% | 4.9★ (10) | 341 ft | AirbnbVrbo |
Rustic Log Cabin w/ Scenic Views & Hot Tub Cabin | 3 bd · 3 ba · sleeps 10 | $9,293 | $473 | 5% | — | 345 ft | Vrbo |
Family fun cabin! Hot tub | Game room Cabin | 3 bd · 3 ba · sleeps 10 | $85,021 | $334 | 70% | 4.8★ (21) | 387 ft | AirbnbVrboBooking |
Alpine Splash: POOL*Movie Room*Games*Hot tub*Wi-fi Cabin | 3 bd · 3 ba · sleeps 10 | $44,015 | $744 | 16% | 4★ (4) | 404 ft | AirbnbVrbo |
Abundantly Blessed Cabin | 3 bd · 3 ba · sleeps 8 | $52,272 | $265 | 54% | 4.7★ (94) | 427 ft | AirbnbVrboBooking |
Easy Access | Convenient Pigeon Forge Location Cabin | 3 bd · 3 ba · sleeps 10 | $61,115 | $345 | 49% | 4.8★ (21) | 433 ft | AirbnbVrbo |
Hero Hideout - A Superhero’s Cabin - Hot tub Cabin | 3 bd · 3 ba · sleeps 8 | $87,703 | $319 | 75% | 5★ (261) | 433 ft | AirbnbVrbo |
Indoor Pool • Game Room • 1 Mile to Strip Cabin | 3 bd · 3 ba · sleeps 10 | $67,772 | $411 | 45% | 5★ (28) | 449 ft | AirbnbVrbo |
Resort Perks|Amazing Location|Hot Tub|Game Room Cabin | 3 bd · 2 ba · sleeps 8 | $47,856 | $305 | 43% | 4.9★ (22) | 453 ft | AirbnbVrbo |
Wilderness Theater and Lodge Vacation home | 3 bd · 3 ba · sleeps 10 | $87,748 | $436 | 55% | — | 463 ft | Booking |
Smoky Mountain Getaway Great Resort Location P. F. Cabin | 3 bd · 3 ba · sleeps 8 | $88,445 | $354 | 68% | 4.9★ (203) | 463 ft | AirbnbVrbo |
Summer Deals, 3bd/3bath, 1 mil to Pky, Hot Tub! Cabin | 3 bd · 3 ba · sleeps 8 | $63,600 | $300 | 58% | 4.9★ (223) | 0.1 mi | AirbnbVrbo |
Alpine Getaway Cabin | 3 bd · 3 ba · sleeps 8 | $51,903 | $347 | 41% | 4.8★ (110) | 0.1 mi | AirbnbVrbo |
Wilderness Theater and Lodge Cabin | 3 bd · 3 ba · sleeps 10 | $86,893 | $415 | 57% | 4.6★ (93) | 0.1 mi | AirbnbVrbo |
Cedar Station - 1 Mile Parkway - Hot Tub - Pools Cabin | 3 bd · 3 ba · sleeps 10 | $83,940 | $315 | 73% | 5★ (484) | 0.1 mi | AirbnbVrbo |
Relaxing Cabin | Close to Pigeon Forge Cabin | 3 bd · 3.5 ba · sleeps 8 | $57,644 | $361 | 44% | 5★ (2) | 0.1 mi | AirbnbVrbo |
The Honey Pot, Hot Tub, resort Pool, 560 FREE tickets each paid day Chalet | 3 bd · 2 ba · sleeps 8 | $69,974 | $280 | 68% | 3.5★ (1) | 0.1 mi | Booking |
The Honey Pot- 1 mile to Pigeon Forge! Free tix! Cabin | 3 bd · 2 ba · sleeps 8 | $60,556 | $252 | 66% | 4.4★ (32) | 0.1 mi | AirbnbVrbo |
Experience Comfort and Tranquility at "Mooseberry" Cabin | 3 bd · 3 ba · sleeps 8 | $86,111 | $317 | 74% | 4.9★ (140) | 0.1 mi | AirbnbVrboBooking |
Lazy Bear Camp by American Patriot Getaways Vacation home | 3 bd · 2 ba · sleeps 6 | $87,335 | $342 | 70% | — | 0.1 mi | Booking |
Less than 1 Mile to the Pigeon Forge Parkway! Cabin | 3 bd · 3 ba · sleeps 10 | $62,202 | $328 | 52% | 4.9★ (8) | 0.2 mi | AirbnbVrbo |
Quiet dog friendly cabin, hot tub, game room House | 3 bd · 2 ba · sleeps 8 | $55,663 | $296 | 52% | 5★ (32) | 0.2 mi | AirbnbVrboBooking |
*Amazing 3BD Cabin w/ Hot Tub! Theater + GAMES!* Cabin | 3 bd · 2 ba · sleeps 10 | $77,609 | $400 | 53% | 4.8★ (36) | 0.2 mi | AirbnbVrbo |
Charming Getaway · Prime Location · Hot Tub · Pool Cabin | 3 bd · 3 ba · sleeps 10 | $63,690 | $305 | 57% | 5★ (34) | 0.2 mi | AirbnbVrboBooking |
FREE Tickets! 3-Bedroom • 1 Mile to Pigeon Forge Cabin | 3 bd · 4 ba · sleeps 10 | $28,575 | $349 | 22% | 4.2★ (21) | 0.2 mi | AirbnbVrboBooking |
Dreamy Forest Home, 2 Decks, Hot Tub, Outdoor Pool House | 3 bd · 3 ba · sleeps 10 | $67,274 | $333 | 55% | 4.7★ (122) | 0.2 mi | AirbnbVrboBooking |
3 BR w/ Hot Tub, WiFi, Pool Access, Close to Town Cabin | 3 bd · 3 ba · sleeps 9 | $77,675 | $308 | 69% | 4.8★ (109) | 0.2 mi | AirbnbVrboBooking |
3BR Cabin In Pigeon Forge! Cabin | 3 bd · 2 ba · sleeps 6 | $47,822 | $282 | 46% | 4.9★ (18) | 0.2 mi | AirbnbVrbo |
Cozy *NEW* 3bd/3ba Cabin w/ Prime Location to ALL! Cabin | 3 bd · 3 ba · sleeps 10 | $80,188 | $331 | 66% | 4.9★ (194) | 0.2 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
$68,619
NOI
$35,676
Cash flow /mo
-$371
Cash needed
$199,210
Cash-on-cash
-2.2%
ROE (yr 1)
8.6%
Cap rate
6.0%
DSCR
0.89
Year-1 write-off
$118,957
Year-1 tax shield @ 32%
$38,066
Year-1 return on equity
- Cash flow (annual)-$4,447
- Principal paydown$3,643
- Appreciation at%$17,970
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)$13,724
- Platform fees (3% of revenue)$2,059
- Maintenance / capex (5% of revenue)$3,431
- Utilities & supplies$4,200
- HOA$3,264
- Property tax$2,672
- Insurance (STR-rated)$3,594
Cash needed to close
- Down payment (25%)$149,750
- Closing costs (4.0%)$23,960
- Furnishing (bought new)$25,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$38,066
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
$537,000
Short-life (5/15-yr)
$93,000 · 17%
Year-1 deduction
$119,000
Year-1 tax shield @ 32%
$38,000
Land 10% (county tax record, market value split) · building $444,000 over 39 years · new furniture $26,000
Based on: 1,920 sq ft, built 2011, 3 bd / 3 ba, unfurnished, listing features (hot tub, game room, fireplace, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $96,000 in year 1 (13% short-life, $31,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,900
Kitchen cabinetsdefault
$10,000 new × 40% good × 2.22 allocation
- $7,300
Kitchen countertopsdefault
$8,200 new × 40% good × 2.22 allocation
- $3,000
Decorative trimdefault
$3,400 new × 40% good × 2.22 allocation
- $400
Mirrorsdefault
$500 new × 40% good × 2.22 allocation
- $1,100
Shelvingdefault
$1,200 new × 40% good × 2.22 allocation
- $4,200
Window coverings (19)default
$4,800 new × 40% good × 2.22 allocation
- $4,400
Carpet, vinyl & laminate (40% of floors)default
$4,900 new × 40% good × 2.22 allocation
- $12,100
Kitchen & laundry equipment plumbingdefault
$7,800 new × 70% good × 2.22 allocation
- $7,300
Kitchen, laundry & data equipment electricaldefault
$4,700 new × 70% good × 2.22 allocation
- $6,800
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 2.22 allocation
- $8,000
Hot tub (freestanding)listing
$9,000 new × 40% good × 2.22 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $10,100
Paving: driveway & walks (paved)default
$9,100 new × 50% good × 2.22 allocation
- $9,700
Landscaping (typical)default
$8,700 new × 50% good × 2.22 allocation
- $2,100
Patiosdefault
$1,900 new × 50% good × 2.22 allocation
- $2,100
Decks & porches (attached)default
$1,900 new × 50% good × 2.22 allocation
- $5,500
Gazebo / pergolalisting
$5,000 new × 50% good × 2.22 allocation
- $346,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$208,100 new × 75% good × 2.22 allocation
- $33,600
Building plumbing & fixturesdefault
$21,600 new × 70% good × 2.22 allocation
- $33,600
Building electrical & lightingdefault
$21,600 new × 70% good × 2.22 allocation
- $19,200
HVACdefault
$21,600 new × 40% good × 2.22 allocation
- $6,600
Hardwood & tile floorsdefault
$7,400 new × 40% good × 2.22 allocation
- $4,700
Fireplaces (2)listing
$5,300 new × 40% good × 2.22 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $88,900 | $29,500 | $500 | $119,000 |
| 2 | $0 | $0 | $11,400 | $11,400 |
| 3 | $0 | $0 | $11,400 | $11,400 |
| 4 | $0 | $0 | $11,400 | $11,400 |
| 5 | $0 | $0 | $11,400 | $11,400 |
| 6+ | $0 | $0 | $398,000 | $398,000 |
| Total | $88,900 | $29,500 | $444,100 | $562,500 |
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.