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Rate 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

1382 N Baden Dr

1382 N Baden Dr

Gatlinburg, TN 37738

$740,000

3 bd · 3 ba · 1,840 sqft · Listed today

View on Realtor.com →
Negative cash flow

Year built

1970

Sqft

1,840

Lot sqft

10,454

HOA / mo

$50

Furnished

No

List date

2026-10-30T03:08:02.000000Z

Revenue

Annual revenue

$60,962

ADR

$283

Occupancy

59%

Cleaning fees (12 mo)

$10,735

Confidence

Med (58.24), 49 comps

Comp revenue range (p25 / median / p75)

$40,830$56,249$74,876

Median revenue of shown comps: $56,486

  • Treetops Luxury Cabin w/ Hot Tub & Mt LeConte View

    Chalet · 3 bd · 2 ba · sleeps 7 · 210 ft

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

    Revenue $63,671ADR $304Occ ≈ 57%4.8★ (263)

    AirbnbVrboBooking

  • Billiards, hot tub - 2 minutes from ski resort !

    Cabin · 3 bd · 2 ba · sleeps 8 · 226 ft

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

    Revenue $60,620ADR $252Occ ≈ 66%4.7★ (353)

    AirbnbVrboBooking

  • Honey Bear Cabin w/ Mt LeConte Views in Gatlinburg

    Cabin · 3 bd · 2 ba · sleeps 8 · 305 ft

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

    Revenue $61,173ADR $313Occ ≈ 54%4.9★ (403)

    AirbnbVrboBooking

  • Whispering Bears Chalet

    Vacation home · 3 bd · 2 ba · sleeps 8 · 305 ft

    Revenue $41,046ADR $265Occ ≈ 42%4.8★ (2)

    Booking

  • Great Mountain Views Hot Tub, Fire pit, Pool Table

    Cabin · 3 bd · 3.5 ba · sleeps 10 · 318 ft

    • Pool
    • A/C
    • Wifi
    • Washer
    • +1

    Revenue $36,015ADR $389Occ ≈ 25%4.9★ (80)

    AirbnbVrbo

  • Peaceful views! Easy drive, Flat Parking, HotTub

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 361 ft

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

    Revenue $105,636ADR $438Occ ≈ 66%4.9★ (243)

    AirbnbVrbo

  • The Black Chalet! Close to pkwy! Arcade

    Cabin · 3 bd · 2 ba · sleeps 8 · 407 ft

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

    Revenue $76,016ADR $393Occ ≈ 53%4.5★ (71)

    AirbnbVrbo

  • Ober Chalet Retreat

    Chalet · 3 bd · 3 ba · sleeps 8 · 423 ft

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $40,620ADR $360Occ ≈ 31%4.9★ (31)

    Airbnb

  • Bear Mtn: HotTub! PoolTable! FirePit! Dwood ticket

    Cabin · 3 bd · 2 ba · sleeps 6 · 433 ft

    Revenue $40,330ADR $254Occ ≈ 44%4.5★ (18)

    AirbnbVrbo

  • Black Bear

    Cabin · 3 bd · 3 ba · sleeps 8 · 436 ft

    Revenue $71,455ADR $278Occ ≈ 70%4.8★ (8)

    Delisted

Show 35 more
  • Cozy A-Frame Retreat

    House · 3 bd · 2 ba · sleeps 8 · 440 ft

    Revenue $62,033ADR $635Occ ≈ 27%4.9★ (12)

    Airbnb

  • Cozy Cabin, Pvt. Hot Tub, 2 miles to Gatlinburg

    Chalet · 3 bd · 2 ba · sleeps 8 · 502 ft

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

    Revenue $40,830ADR $241Occ ≈ 46%5★ (33)

    AirbnbVrbo

  • Smoky Mountain Mist Cabins “Mountain Mist Getaway”

    Cabin · 3 bd · 2.5 ba · sleeps 6 · 0.1 mi

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

    Revenue $46,867ADR $254Occ ≈ 51%4.9★ (126)

    Airbnb

  • ONE Beary Good View 3BR-2BA in Gatlinburg Sleeps 9

    Cabin · 3 bd · 2 ba · sleeps 9 · 0.1 mi

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

    Revenue $48,020ADR $221Occ ≈ 60%5★ (31)

    AirbnbVrbo

  • Watch Bears Up Close. Hot Tub, Mins to Gburg, Ober

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $25,706ADR $276Occ ≈ 26%5★ (77)

    Airbnb

  • Secluded Cabin for 10 in Chalet Village + Hot Tub!

    Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.1 mi

    Revenue $62,829ADR $275Occ ≈ 63%4.5★ (47)

    AirbnbVrboBooking

  • Gatlinburg Family Getaway! 5 Min to PKWY | Hot Tub

    House · 3 bd · 2.5 ba · sleeps 8 · 0.1 mi

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

    Revenue $84,488ADR $337Occ ≈ 69%4.8★ (48)

    AirbnbVrbo

  • Gatlinburg Cabin · Views + Arcade · Hot Tub

    Cabin · 3 bd · 3 ba · sleeps 9 · 0.1 mi

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

    Revenue $99,583ADR $382Occ ≈ 71%4.8★ (231)

    AirbnbVrboBooking

  • 5 Min to Gatlinburg-Hot Tub-Air Hockey-Cozy Cabin

    Chalet · 3 bd · 3 ba · sleeps 8 · 0.1 mi

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

    Revenue $64,006ADR $283Occ ≈ 62%4.9★ (89)

    AirbnbVrbo

  • Cozy A-Frame Retreat

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

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

    Revenue $81,634ADR $355Occ ≈ 63%5★ (57)

    AirbnbVrboBooking

  • Beautiful Cabin in Chalet Village. Hot Tub, 3 Decks, Stunning Mountain Views

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

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

    Revenue $56,011ADR $299Occ ≈ 51%4.9★ (27)

    Vrbo

  • Smoky Chalet •Mtn View w/ Hot Tub & Fire Pit

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.1 mi

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

    Revenue $34,789ADR $308Occ ≈ 31%4.8★ (26)

    AirbnbVrbo

  • Mt LeConte Views · Hot Tub + Fire Pit · Gatlinburg

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

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

    Revenue $77,608ADR $375Occ ≈ 57%4.9★ (105)

    AirbnbVrboBooking

  • Chalet All Day

    Chalet · 3 bd · 2.5 ba · sleeps 10 · 0.1 mi

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

    Revenue $48,577ADR $386Occ ≈ 34%4.5★ (17)

    AirbnbVrbo

  • Cozy Cabin W Hot Tub, Sleeps 10・Mtn View・Game Room

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

    Revenue $26,496ADR $220Occ ≈ 33%4.6★ (6)

    AirbnbBooking

  • Free Ticket to Dollywood, Anakeesta, and other area attractions!

    Chalet · 3 bd · 2 ba · sleeps 6 · 0.2 mi

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

    Revenue $15,597ADR $224Occ ≈ 19%4.8★ (9)

    Vrbo

  • Heights Retreat - Mountain Views & Hot Tub

    Vacation home · 3 bd · 3 ba · sleeps 6 · 0.2 mi

    Revenue $107,893ADR $355Occ ≈ 83%5★ (1)

    Booking

  • Gatlinburg Treasure Discover Your Mountain Gem

    Chalet · 3 bd · 3 ba · sleeps 6 · 0.2 mi

    Revenue $56,486ADR $270Occ ≈ 57%—

    Booking

  • 21A Edelweiss

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

    Revenue $130,467ADR $611Occ ≈ 59%4.2★ (3)

    AirbnbVrboBooking

  • Cozy Cabin Getaway · Hot Tub · 1/2 Mi. to OBER

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

    Revenue $78,166ADR $223Occ ≈ 96%4.8★ (45)

    AirbnbVrbo

  • 'Chalet des Brumes'

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

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

    Revenue $92,889ADR $354Occ ≈ 72%5★ (148)

    AirbnbVrboBooking

  • Great Views of Smokys

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

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

    Revenue $33,142ADR $291Occ ≈ 31%5★ (348)

    AirbnbVrbo

  • Ski Bear Chalet: Pet Friendly & Free Tickets

    Cabin · 3 bd · 2.5 ba · sleeps 9 · 0.2 mi

    Revenue $85,812ADR $331Occ ≈ 71%4.8★ (10)

    AirbnbVrboBooking

  • Bearadise Ober • Game Room • Hot Tub • Sleeps 10

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

    Revenue $47,259ADR $338Occ ≈ 38%4.4★ (23)

    AirbnbVrbo

  • A-Frame with Amazing Views - Hot Tub - Games

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

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

    Revenue $94,180ADR $362Occ ≈ 71%5★ (71)

    AirbnbVrbo

  • Hideaway Chalet - Serene Soaks in the Treetops

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

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

    Revenue $37,547ADR $296Occ ≈ 35%4.3★ (3)

    AirbnbVrbo

  • A Beary Active Cabin - Outdoor Hot Tub, Firepit, Near Ober Mountain, + Pet Friendly!

    Vacation home · 3 bd · 2 ba · sleeps 9 · 0.2 mi

    Revenue $53,321ADR $337Occ ≈ 43%—

    Booking

  • A Beary Active Cabin・HotTub・FireTable・3 Mi to DWTN

    Cabin · 3 bd · 2.5 ba · sleeps 9 · 0.2 mi

    Revenue $44,011ADR $315Occ ≈ 38%4.2★ (8)

    AirbnbVrbo

  • Epic Views| Fall Colors| Dog Friendly| Chalet Vill

    House · 3 bd · 2.5 ba · sleeps 7 · 0.2 mi

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

    Revenue $61,206ADR $301Occ ≈ 56%4.8★ (165)

    AirbnbVrbo

  • Five Bear Chalet

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

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

    Revenue $61,312ADR $286Occ ≈ 59%5★ (38)

    AirbnbVrbo

  • Black Bear Retreat

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

    Revenue $19,476ADR $0Occ ≈ ——

    Delisted

  • 5 Bear Chalet

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

    Revenue $59,427ADR $183Occ ≈ 89%5★ (40)

    Delisted

  • Bear Necessities TN

    House · 3 bd · 2.5 ba · sleeps 6 · 0.2 mi

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

    Revenue $40,831ADR $223Occ ≈ 50%5★ (118)

    AirbnbVrbo

  • Grand View Mountain Chalet - Hot tub & more!

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

    Revenue $54,832ADR $289Occ ≈ 52%4.1★ (45)

    AirbnbVrboBooking

  • Greenbrier|dog-friendly|hot tub|free Dollywood tkt

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.2 mi

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

    Revenue $43,626ADR $263Occ ≈ 45%4.8★ (39)

    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 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

Est. revenue

$60,962

NOI

$32,954

Cash flow /mo

-$1,322

Cash needed

$240,100

Cash-on-cash

-6.6%

ROE (yr 1)

4.6%

Cap rate

4.5%

DSCR

0.67

Year-1 write-off

$212,408

Year-1 tax shield @ 32%

$67,971

Year-1 return on equity

  • Cash flow (annual)-$15,869
  • Principal paydown$4,645
  • Appreciation at%$22,200
ROE4.6%

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)$12,192
  • Platform fees (3% of revenue)$1,829
  • Maintenance / capex (5% of revenue)$3,048
  • Utilities & supplies$4,200
  • HOA$600
  • Property tax$1,699
  • Insurance (STR-rated)$4,440

Cash needed to close

  • Down payment (25%)$185,000
  • Closing costs (4.0%)$29,600
  • Furnishing (bought new)$25,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$67,971

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

$627,000

Short-life (5/15-yr)

$186,000 · 30%

Year-1 deduction

$212,000

Year-1 tax shield @ 32%

$68,000

Land 15% (county tax record, market value split) · building $441,000 over 39 years · new furniture $26,000

Based on: 1,840 sq ft, built 1970, 3 bd / 3 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $136,000 in year 1 (17% short-life, $43,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$133,000
  • Kitchen cabinetsdefault

    $9,800 new × 40% good × 3.95 allocation

    $15,500
  • Kitchen countertopsdefault

    $8,000 new × 40% good × 3.95 allocation

    $12,700
  • Decorative trimdefault

    $3,200 new × 40% good × 3.95 allocation

    $5,100
  • Mirrorsdefault

    $500 new × 40% good × 3.95 allocation

    $700
  • Shelvingdefault

    $1,200 new × 40% good × 3.95 allocation

    $1,900
  • Window coverings (18)default

    $4,500 new × 40% good × 3.95 allocation

    $7,100
  • Carpet, vinyl & laminate (100% of floors)listing

    $11,800 new × 40% good × 3.95 allocation

    $18,700
  • Kitchen & laundry equipment plumbingdefault

    $7,700 new × 40% good × 3.95 allocation

    $12,100
  • Kitchen, laundry & data equipment electricaldefault

    $4,600 new × 40% good × 3.95 allocation

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

    $7,700 new × 40% good × 3.95 allocation

    $12,200
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 3.95 allocation

    $14,200
  • Furniture bought newlisting

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

    $19,500
  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$78,900
  • Paving: driveway & walks (paved)default

    $8,900 new × 50% good × 3.95 allocation

    $17,600
  • Landscaping (typical)default

    $8,600 new × 50% good × 3.95 allocation

    $16,900
  • Patiosdefault

    $1,800 new × 50% good × 3.95 allocation

    $3,600
  • Decks & porches (attached)listing

    $20,700 new × 50% good × 3.95 allocation

    $40,900
Building, 39-year$440,800
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $199,400 new × 40% good × 3.95 allocation

    $315,000
  • Building plumbing & fixturesdefault

    $20,700 new × 40% good × 3.95 allocation

    $32,700
  • Building electrical & lightingdefault

    $20,600 new × 40% good × 3.95 allocation

    $32,500
  • HVACdefault

    $20,700 new × 40% good × 3.95 allocation

    $32,700
  • Fireplacelisting

    $2,600 new × 40% good × 3.95 allocation

    $4,200
  • Septic systemlisting

    $12,000 new × 50% good × 3.95 allocation

    $23,700

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$133,000$78,900$500$212,400
2$0$0$11,300$11,300
3$0$0$11,300$11,300
4$0$0$11,300$11,300
5$0$0$11,300$11,300
6+$0$0$395,100$395,100
Total$133,000$78,900$440,800$652,800

The building's share of the price ($627,000) is 3.9x our depreciated replacement cost of the home ($159,000). 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.