661 Morning Mist Way
Gatlinburg, TN 37738
$429,000
2 bd · 2 ba · 1,096 sqft · Listed today
View on Realtor.com →Year built
2007
Sqft
1,096
Lot sqft
3,049
HOA / mo
$164
Furnished
No
List date
2026-09-30T05:21:23.000000Z
Revenue
Annual revenue
$42,626
ADR
$209
Occupancy
56%
Cleaning fees (12 mo)
$8,188
Confidence
Low (46.26), 50 comps
Comp revenue range (p25 / median / p75)
Cozy Cabin Close to Amazing Activities in Gatlinburg, Tennessee
Cabin · 2 bd · 3 ba · sleeps 6 · 154 ft
Revenue $11,487ADR $401Occ ≈ 8%—
Beary Charming Hottub Great Location 4 Miles to Gatlinburg
Chalet · 2 bd · 1 ba · sleeps 4 · 187 ft
Revenue $55,359ADR $218Occ ≈ 70%4.7★ (23)
Near Dollywood Cabin Escape・Deck・Private Hot Tub
Cabin · 2 bd · 1 ba · sleeps 6 · 187 ft
Revenue $5,085ADR $200Occ ≈ 7%1.5★ (2)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Smoky Mountain Cabin w/ Free Attraction Tickets Cabin | 2 bd · 1 ba · sleeps 6 | $9,382 | $199 | 13% | 4.5★ (72) | 118 ft | AirbnbVrboBooking |
Cozy Smoky Mountain Cabin - Hot Tub-Prime Location Cabin | 2 bd · 1 ba · sleeps 4 | $45,387 | $206 | 60% | 5★ (53) | 128 ft | AirbnbVrbo |
Gatlinburg~Hot Tub~WiFi~Pool Table~Arts~Ripleys! Cabin | 2 bd · 2.5 ba · sleeps 6 | $60,306 | $278 | 59% | 4.8★ (41) | 154 ft | AirbnbVrboBooking |
Cozy Cabin Close to Amazing Activities in Gatlinburg, Tennessee Cabin | 2 bd · 3 ba · sleeps 6 | $11,487 | $401 | 8% | — | 154 ft | Vrbo |
Beary Charming Hottub Great Location 4 Miles to Gatlinburg Chalet | 2 bd · 1 ba · sleeps 4 | $55,359 | $218 | 70% | 4.7★ (23) | 187 ft | Booking |
Near Dollywood Cabin Escape・Deck・Private Hot Tub Cabin | 2 bd · 1 ba · sleeps 6 | $5,085 | $200 | 7% | 1.5★ (2) | 187 ft | Airbnb |
Modern Close to Downtown Gameroom Hot Tub Arcade Cabin | 2 bd · 2 ba · sleeps 7 | $76,519 | $284 | 74% | 4.9★ (202) | 190 ft | AirbnbVrboBooking |
Close To Gatlinburg Strip HotTub December Savings Cabin | 2 bd · 2.5 ba · sleeps 6 | $37,056 | $204 | 50% | 4.7★ (119) | 223 ft | AirbnbVrbo |
Hottub* Great Location 3.5 Miles Gatlinburg Cabin | 2 bd · 1 ba · sleeps 4 | $48,140 | $227 | 58% | 4.9★ (83) | 240 ft | AirbnbVrboBooking |
Private Hot Tub・Near Dollywood Cabin Escape・Deck Cabin | 2 bd · 1 ba · sleeps 6 | $16,191 | $188 | 24% | 3.9★ (12) | 240 ft | AirbnbVrboBooking |
Show all 50 comps
Fabulous Cabin with Nice Forest Vistas in Gatlinburg, Tennessee
House · 2 bd · 1 ba · sleeps 4 · 249 ft
Revenue $4,744ADR $296Occ ≈ 4%—
Morning Mist Cottage | Romantic Getaway w/ Hot Tub
House · 2 bd · 1 ba · sleeps 4 · 266 ft
Revenue $5,889ADR $173Occ ≈ 9%3.8★ (5)
Fox's Den. 2 bd 2 ba sleeps 6. Near Gatlinburg and the Arts and Crafts Community
Cabin · 2 bd · 2 ba · sleeps 6 · 420 ft
Revenue $39,434ADR $191Occ ≈ 57%5★ (249)
Gatlinburg Cabin Retreat - Theater, Hot Tub, Fire Pit & Mountain Views
Cabin · 2 bd · 3 ba · sleeps 6 · 433 ft
Revenue $6,139ADR $245Occ ≈ 7%—
Cozy Cabin Hot Tub in Gatlinburg
House · 2 bd · 2.5 ba · sleeps 5 · 440 ft
Revenue $32,402ADR $268Occ ≈ 33%4.2★ (4)
Mountain Mist by Avada Properties
Vacation home · 2 bd · 1 ba · sleeps 4 · 495 ft
Revenue $14,807ADR $157Occ ≈ 26%—
Updated cabin, Quiet & convenient, Relax & unwind
Cabin · 2 bd · 2 ba · sleeps 4 · 0.1 mi
Revenue $50,587ADR $231Occ ≈ 60%5★ (67)
Foxy Lady #1531
Vacation home · 2 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $32,130ADR $136Occ ≈ 65%4.7★ (18)
Cabin Fever ~Pet friendly~ located in Black Bear Falls Community~ Gatlinburg TN
Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $72,224ADR $249Occ ≈ 79%5★ (346)
Sauna, Cold Plunge, Arcade, Bears, Pool, Free Pass
Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $25,362ADR $306Occ ≈ 23%—
Blackberry Springs
Vacation home · 2 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $37,655ADR $409Occ ≈ 25%—
Charming Cabin in Gatlinburg for Cozy Family Glamping Vacations in Tennessee
Vacation home · 2 bd · 2 ba · sleeps 2 · 0.3 mi
Revenue $16,270ADR $542Occ ≈ 8%—
Autumn Breeze By Stony Brook Cabins
Vacation home · 2 bd · 2 ba · sleeps 9 · 0.4 mi
Revenue $58,908ADR $243Occ ≈ 66%4.3★ (7)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
2 bedroom Cabin w/HotTub in Screened-in Patio Cabin | 2 bd · 1 ba · sleeps 4 | $67,691 | $209 | 89% | 5★ (113) | 243 ft | AirbnbVrboBooking |
Fabulous Cabin with Nice Forest Vistas in Gatlinburg, Tennessee House | 2 bd · 1 ba · sleeps 4 | $4,744 | $296 | 4% | — | 249 ft | Vrbo |
Morning Mist Cottage | Romantic Getaway w/ Hot Tub House | 2 bd · 1 ba · sleeps 4 | $5,889 | $173 | 9% | 3.8★ (5) | 266 ft | Airbnb |
Moonshine Ridge- 5.5 Miles to Smokies! Chalet | 2 bd · 2.5 ba · sleeps 6 | $47,984 | $205 | 64% | 4.8★ (137) | 269 ft | AirbnbVrboBooking |
Hot Tub*3.5 Miles to Gatlinburg*National Park! Cabin | 2 bd · 1 ba · sleeps 4 | $53,072 | $241 | 60% | 4.8★ (104) | 276 ft | AirbnbVrboBooking |
*5 Mins to Gatlinburg!* 2BR w/Hot Tub + Fireplace Cabin | 2 bd · 2 ba · sleeps 6 | $52,958 | $203 | 71% | 4.8★ (99) | 285 ft | AirbnbVrbo |
Fox's Den. 2 bd 2 ba sleeps 6. Near Gatlinburg and the Arts and Crafts Community Cabin | 2 bd · 2 ba · sleeps 6 | $39,434 | $191 | 57% | 5★ (249) | 420 ft | Vrbo |
Cozy&Hot Tub& patio-pets friendly in Gatlinburg House | 2 bd · 2.5 ba · sleeps 5 | $46,266 | $272 | 47% | 4.7★ (27) | 420 ft | AirbnbVrboBooking |
Gatlinburg Cabin Retreat - Theater, Hot Tub, Fire Pit & Mountain Views Cabin | 2 bd · 3 ba · sleeps 6 | $6,139 | $245 | 7% | — | 433 ft | Vrbo |
Cozy Cabin Hot Tub in Gatlinburg House | 2 bd · 2.5 ba · sleeps 5 | $32,402 | $268 | 33% | 4.2★ (4) | 440 ft | Airbnb |
Mountain Mist by Avada Properties Vacation home | 2 bd · 1 ba · sleeps 4 | $14,807 | $157 | 26% | — | 495 ft | Booking |
Tranquil 2BD Cabin w/ HOT TUB! Arcade + Near Town Cabin | 2 bd · 1 ba · sleeps 4 | $40,333 | $185 | 60% | 4.8★ (76) | 0.1 mi | AirbnbVrbo |
*Cozy Cabin With Hot Tub in Gatlinburg* Cabin | 2 bd · 2.5 ba · sleeps 6 | $42,197 | $240 | 48% | 4.7★ (234) | 0.1 mi | AirbnbVrbo |
Updated cabin, Quiet & convenient, Relax & unwind Cabin | 2 bd · 2 ba · sleeps 4 | $50,587 | $231 | 60% | 5★ (67) | 0.1 mi | Airbnb |
Cozy Cabin w/ Mountain Views Near SkyLift Park! Cabin | 2 bd · 2 ba · sleeps 5 | $47,917 | $250 | 53% | 4.9★ (53) | 0.2 mi | AirbnbBooking |
Black Bear Bungalow by Beyond Expectations Cabin | 2 bd · 3 ba · sleeps 7 | $43,237 | $258 | 46% | 4.5★ (15) | 0.2 mi | AirbnbVrboBooking |
Hidden Charm | Hot Tub + Near Downtown Gatlinburg Cabin | 2 bd · 2 ba · sleeps 4 | $29,509 | $219 | 37% | 4.5★ (22) | 0.2 mi | AirbnbVrbo |
Foxy Lady #1531 Vacation home | 2 bd · 1 ba · sleeps 4 | $32,130 | $136 | 65% | 4.7★ (18) | 0.3 mi | Booking |
Hidden View | Hot Tub + Cozy Cabin Cabin | 2 bd · 2 ba · sleeps 6 | $31,386 | $223 | 39% | 4.5★ (14) | 0.3 mi | AirbnbVrbo |
Hidden Treasure | Near Downtown Gatlinburg Cabin | 2 bd · 2 ba · sleeps 6 | $37,199 | $229 | 45% | 4.7★ (27) | 0.3 mi | AirbnbVrbo |
Hidden Dreams | Cozy + Hot Tub Cabin | 2 bd · 2 ba · sleeps 6 | $39,957 | $224 | 49% | 4.7★ (27) | 0.3 mi | AirbnbVrbo |
Cabin Fever ~Pet friendly~ located in Black Bear Falls Community~ Gatlinburg TN Cabin | 2 bd · 2 ba · sleeps 6 | $72,224 | $249 | 79% | 5★ (346) | 0.3 mi | Vrbo |
Rustic Cabin in Gatlinburg |Spacious Deck |Hot Tub Cabin | 2 bd · 2 ba · sleeps 8 | $30,478 | $229 | 36% | 4.5★ (159) | 0.3 mi | AirbnbVrbo |
Smoky Mountain Home Getaway-Conveniently Located Guest suite | 2 bd · 1 ba · sleeps 6 | $16,417 | $150 | 30% | 4.9★ (211) | 0.3 mi | AirbnbVrbo |
Major Escape! Cabin | 2 bd · 2 ba · sleeps 6 | $81,919 | $300 | 75% | 5★ (130) | 0.3 mi | AirbnbVrbo |
Amazing Smoky Mtn Views-only 10 min to Gatlinburg! Cabin | 2 bd · 2 ba · sleeps 5 | $41,174 | $270 | 42% | 5★ (121) | 0.3 mi | AirbnbVrbo |
2/2 Gorgeous! Freetickets2Dolly, Anakees, Aquar, Gatlin Cabin | 2 bd · 2 ba · sleeps 4 | $20,452 | $253 | 22% | — | 0.3 mi | AirbnbVrbo |
Sauna, Cold Plunge, Arcade, Bears, Pool, Free Pass Cabin | 2 bd · 2 ba · sleeps 4 | $25,362 | $306 | 23% | — | 0.3 mi | Airbnb |
NEW! 2 King Ensuites w/ Mtn View, Hot Tub & Park Cabin | 2 bd · 2.5 ba · sleeps 4 | $76,862 | $271 | 78% | 5★ (94) | 0.3 mi | AirbnbVrbo |
Two Bedroom Cabin | Near Rocky Top Sports World Cabin | 2 bd · 2 ba · sleeps 8 | $45,443 | $265 | 47% | 4.3★ (6) | 0.3 mi | AirbnbVrbo |
Blackberry Springs Vacation home | 2 bd · 1 ba · sleeps 4 | $37,655 | $409 | 25% | — | 0.3 mi | Booking |
Charming Cabin in Gatlinburg for Cozy Family Glamping Vacations in Tennessee Vacation home | 2 bd · 2 ba · sleeps 2 | $16,270 | $542 | 8% | — | 0.3 mi | Booking |
2 BR w/ King Beds, Arcade Game, Pool Table, Luxury Cabin | 2 bd · 2 ba · sleeps 6 | $48,544 | $278 | 48% | 4.8★ (38) | 0.3 mi | AirbnbVrboBooking |
Black Bear Retreat 2 Beds! Cabin | 2 bd · 2 ba · sleeps 4 | $44,625 | $338 | 36% | — | 0.3 mi | AirbnbBooking |
Free Attraction Tickets | Hot Tub | Near Rocky Top Cabin | 2 bd · 2.5 ba · sleeps 6 | $22,463 | $335 | 18% | 5★ (13) | 0.3 mi | AirbnbVrbo |
Gburg Cabin | Sleeps 4 | Free Anakeesta Ticket Cabin | 2 bd · 2 ba · sleeps 4 | $39,589 | $258 | 42% | 4.9★ (36) | 0.3 mi | AirbnbVrboBooking |
*New Cabin*| Indoor Swim Spa | Hot Tub | Game Room Cabin | 2 bd · 2.5 ba · sleeps 6 | $3,223 | $268 | 3% | 5★ (4) | 0.3 mi | AirbnbVrbo |
Autumn Breeze By Stony Brook Cabins Vacation home | 2 bd · 2 ba · sleeps 9 | $58,908 | $243 | 66% | 4.3★ (7) | 0.4 mi | Booking |
Home theater, hot tub, pool table, secluded, Cabin | 2 bd · 2 ba · sleeps 9 | $44,792 | $248 | 49% | 4.6★ (35) | 0.4 mi | AirbnbVrbo |
Getaway in the Glades Apartment | 2 bd · 2.5 ba · sleeps 6 | $16,790 | $154 | 30% | 4.9★ (50) | 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
Est. revenue
$42,626
NOI
$21,167
Cash flow /mo
$1,764
Cash needed
$468,160
Cash-on-cash (all cash)
4.5%
ROE (yr 1)
7.3%
Cap rate
4.9%
DSCR
—
Year-1 write-off
$126,121
Year-1 tax shield @ 32%
$40,359
Year-1 return on equity
- Cash flow (annual)$21,167
- Principal paydown (n/a, cash)$0
- Appreciation at%$12,870
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)$8,525
- Platform fees (3% of revenue)$1,279
- Maintenance / capex (5% of revenue)$2,131
- Utilities & supplies$4,200
- HOA$1,968
- Property tax$782
- Insurance (STR-rated)$2,574
Cash needed to close
- Purchase price (all cash)$429,000
- Closing costs (4.0%)$17,160
- Furnishing (bought new)$22,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$40,359
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
$385,000
Short-life (5/15-yr)
$103,000 · 27%
Year-1 deduction
$126,000
Year-1 tax shield @ 32%
$40,000
Land 10% (county tax record, market value split) · building $282,000 over 39 years · new furniture $22,000
Based on: 1,096 sq ft, built 2007, 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: $89,000 in year 1 (17% short-life, $29,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,100
Kitchen cabinetsdefault
$8,200 new × 40% good × 2.77 allocation
- $7,400
Kitchen countertopsdefault
$6,700 new × 40% good × 2.77 allocation
- $2,100
Decorative trimdefault
$1,900 new × 40% good × 2.77 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.77 allocation
- $1,000
Shelvingdefault
$900 new × 40% good × 2.77 allocation
- $3,100
Window coverings (11)default
$2,800 new × 40% good × 2.77 allocation
- $7,800
Carpet, vinyl & laminate (100% of floors)listing
$7,100 new × 40% good × 2.77 allocation
- $11,000
Kitchen & laundry equipment plumbingdefault
$6,400 new × 62% good × 2.77 allocation
- $6,600
Kitchen, laundry & data equipment electricaldefault
$3,900 new × 62% good × 2.77 allocation
- $7,400
Appliances (range, microwave, refrigerator, washer, dryer)listing
$6,700 new × 40% good × 2.77 allocation
- $10,000
Hot tub (freestanding)listing
$9,000 new × 40% good × 2.77 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
- $9,500
Paving: driveway & walks (paved)default
$6,900 new × 50% good × 2.77 allocation
- $9,200
Landscaping (typical)default
$6,600 new × 50% good × 2.77 allocation
- $1,500
Patiosdefault
$1,100 new × 50% good × 2.77 allocation
- $17,100
Decks & porches (attached)listing
$12,300 new × 50% good × 2.77 allocation
- $224,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$118,600 new × 68% good × 2.77 allocation
- $21,100
Building plumbing & fixturesdefault
$12,300 new × 62% good × 2.77 allocation
- $19,200
Building electrical & lightingdefault
$11,200 new × 62% good × 2.77 allocation
- $13,700
HVACdefault
$12,300 new × 40% good × 2.77 allocation
- $2,900
Fireplacelisting
$2,600 new × 40% good × 2.77 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $87,900 | $37,300 | $900 | $126,100 |
| 2 | $0 | $0 | $7,200 | $7,200 |
| 3 | $0 | $0 | $7,200 | $7,200 |
| 4 | $0 | $0 | $7,200 | $7,200 |
| 5 | $0 | $0 | $7,200 | $7,200 |
| 6+ | $0 | $0 | $251,900 | $251,900 |
| Total | $87,900 | $37,300 | $281,700 | $406,900 |
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 and Georgia 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.