1820 Elk Springs Way
Gatlinburg, TN 37738
$689,000
5 bd · 4 ba · 3,276 sqft · Listed 1d ago
View on Realtor.com →Year built
2007
Sqft
3,276
Lot sqft
436
HOA / mo
$150
Furnished
No
List date
2026-10-13T19:23:25.000000Z
Revenue
Annual revenue
$98,619
ADR
$416
Occupancy
65%
Cleaning fees (12 mo)
$20,986
Confidence
Med (52.08), 29 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $83,705
Majestic Views
Vacation home · 5 bd · 3 ba · sleeps 12 · 0.2 mi
Revenue $31,280ADR $443Occ ≈ 19%—
Cozy Hot Tub Cabin Outdoor fireplace
Vacation home · 5 bd · 3 ba · sleeps 12 · 0.2 mi
Revenue $136,874ADR $762Occ ≈ 49%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Private indoor pool lodge w theater | sleeps 14 Cabin
| 5 bd · 4 ba · sleeps 14 | $133,128 | $758 | 48% | 4.5★ (267) | 207 ft | AirbnbVrboBooking |
Lazy Daze Lodge Vacation home | 5 bd · 3 ba · sleeps 12 | $27,879 | $0 | — | — | 351 ft | Booking |
Pet-Friendly 5BR w/ Game Room + Mountain Views Cabin
| 5 bd · 4 ba · sleeps 14 | $130,049 | $596 | 60% | 4.4★ (281) | 486 ft | AirbnbVrboBooking |
5 bdrm |Theater |Gameroom| Hot Tub | Arcade Cabin
| 5 bd · 4 ba · sleeps 14 | $126,111 | $604 | 57% | 4.3★ (113) | 0.2 mi | AirbnbVrboBooking |
Majestic Views Vacation home | 5 bd · 3 ba · sleeps 12 | $31,280 | $443 | 19% | — | 0.2 mi | Booking |
Diamond In the Rough: Mtn Views, Theater, Hot Tub Cabin
| 5 bd · 4 ba · sleeps 16 | $121,881 | $630 | 53% | 4.3★ (193) | 0.2 mi | AirbnbVrboBooking |
Serenity Lodge: Theater, Gameroom, Hot Tub Cabin
| 5 bd · 4 ba · sleeps 14 | $122,109 | $647 | 52% | 4.5★ (296) | 0.2 mi | AirbnbVrboBooking |
Cozy Hot Tub Cabin Outdoor fireplace Vacation home | 5 bd · 3 ba · sleeps 12 | $136,874 | $762 | 49% | — | 0.2 mi | Booking |
Misty Mountain Lodge: Theater, Gameroom, Hot Tub Cabin
| 5 bd · 4 ba · sleeps 12 | $105,408 | $583 | 50% | 4.7★ (288) | 0.2 mi | AirbnbVrboBooking |
Misty Mountain Lodge: Theater, Gameroom, Hot Tub Cabin
| 5 bd · 4 ba · sleeps 12 | $94,548 | $516 | 50% | 4.6★ (249) | 0.2 mi | VrboBooking |
Show 18 more
Wooded Family Retreat w/ Hot Tub & Games
Cabin · 5 bd · 3 ba · sleeps 16 · 0.5 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +5
Revenue $65,937ADR $691Occ ≈ 26%—
Glades Getaway by Venture Smoky Mountains
Vacation home · 5 bd · 3 ba · sleeps 16 · 0.5 mi
Revenue $103,899ADR $517Occ ≈ 55%5★ (2)
Chic Retreat w/ Hot Tub & Sauna
House · 5 bd · 4 ba · sleeps 12 · 0.6 mi
Revenue $38,891ADR $613Occ ≈ 17%4.8★ (22)
The Rose (5-Bedroom Cabin) with Pool by RedAwning
Cabin · 5 bd · 4 ba · sleeps 12 · 0.7 mi
Revenue $23,150ADR $718Occ ≈ 9%4.3★ (0)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
A Bear Creek Cabin | 5 bd · 4 ba · sleeps 16 | $75,831 | $519 | 40% | 5★ (1) | 0.2 mi | Airbnb |
Sleeps 16 * Hot Tub * Game Room * Near Gatlinburg Cabin | 5 bd · 4 ba · sleeps 16 | $82,597 | $396 | 57% | 5★ (24) | 0.2 mi | AirbnbBooking |
1-Story Cabin | EV, Game Rm, Hot Tub | Sleeps 16 Cabin
| 5 bd · 4 ba · sleeps 16 | $63,263 | $571 | 30% | 5★ (1) | 0.2 mi | AirbnbVrboBooking |
Cloud Nine - Stunning Retreat w/ Mountain Views! House
| 5 bd · 4 ba · sleeps 16 | $84,813 | $572 | 41% | 4.8★ (89) | 0.3 mi | AirbnbVrbo |
Pet-Friendly Gatlinburg Cabin w/ Hot Tub! Cabin
| 5 bd · 4 ba · sleeps 14 | $55,573 | $347 | 44% | 4.6★ (31) | 0.5 mi | AirbnbVrboBooking |
Artful Craftsman | Hot Tub, Firepit, and Pond House | 5 bd · 4 ba · sleeps 12 | $54,688 | $322 | 47% | 4.7★ (19) | 0.5 mi | AirbnbBooking |
Wooded Family Retreat w/ Hot Tub & Games Cabin
| 5 bd · 3 ba · sleeps 16 | $65,937 | $691 | 26% | — | 0.5 mi | Vrbo |
Glades Getaway by Venture Smoky Mountains Vacation home | 5 bd · 3 ba · sleeps 16 | $103,899 | $517 | 55% | 5★ (2) | 0.5 mi | Booking |
New! Luxe 5BR Pool Cabin w/Hot Tub*Theater*Games Cabin
| 5 bd · 3 ba · sleeps 12 | $141,267 | $462 | 84% | 5★ (50) | 0.5 mi | AirbnbVrbo |
Wooded Family Retreat w/ Hot Tub & Games Cabin
| 5 bd · 3 ba · sleeps 16 | $71,419 | $458 | 43% | 3★ (3) | 0.5 mi | AirbnbVrbo |
Chic Retreat w/ Hot Tub & Sauna House | 5 bd · 4 ba · sleeps 12 | $38,891 | $613 | 17% | 4.8★ (22) | 0.6 mi | Airbnb |
Luxury Cabin w Hot Tub, Sauna, Hidden Movie Room! Cabin | 5 bd · 4 ba · sleeps 12 | $47,556 | $349 | 37% | 4.5★ (7) | 0.6 mi | AirbnbBooking |
Hidden Speakeasy • Hot Tub • Sauna • Private Woods Cabin
| 5 bd · 4 ba · sleeps 14 | $59,846 | $463 | 35% | 4.6★ (22) | 0.6 mi | AirbnbVrbo |
Rustic Mtn Retreat! Game Room~Theater~Spa~Fire Pit House | 5 bd · 4 ba · sleeps 12 | $62,220 | $431 | 40% | 4.8★ (81) | 0.6 mi | AirbnbBooking |
Mountain Cabin | 3 Decks | Pool | Hot Tub | Games Cabin
| 5 bd · 5 ba · sleeps 16 | $178,745 | $662 | 74% | 5★ (175) | 0.6 mi | AirbnbVrboBooking |
Mountain Cabin w/ Stunning Views | Game Room+Pool Cabin
| 5 bd · 5 ba · sleeps 16 | $169,614 | $644 | 72% | 5★ (178) | 0.6 mi | AirbnbVrboBooking |
Smoky Mtn Home with Theater, Game Room & Hot Tub Cabin
| 5 bd · 4 ba · sleeps 12 | $95,635 | $5,113 | 5% | — | 0.7 mi | AirbnbVrbo |
The Rose (5-Bedroom Cabin) with Pool by RedAwning Cabin | 5 bd · 4 ba · sleeps 12 | $23,150 | $718 | 9% | 4.3★ (0) | 0.7 mi | Delisted |
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
$98,619
NOI
$57,772
Cash flow /mo
$4,814
Cash needed
$749,060
Cash-on-cash (all cash)
7.7%
ROE (yr 1)
10.5%
Cap rate
8.4%
DSCR
—
Year-1 write-off
$150,736
Year-1 tax shield @ 32%
$48,236
Year-1 return on equity
- Cash flow (annual)$57,772
- Principal paydown (n/a, cash)$0
- Appreciation at%$20,670
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)$19,724
- Platform fees (3% of revenue)$2,959
- Maintenance / capex (5% of revenue)$4,931
- Utilities & supplies$4,200
- HOA$1,800
- Property tax$3,100
- Insurance (STR-rated)$4,134
Cash needed to close
- Purchase price (all cash)$689,000
- Closing costs (4.0%)$27,560
- Furnishing (bought new)$32,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$48,236
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
$650,000
Short-life (5/15-yr)
$118,000 · 18%
Year-1 deduction
$151,000
Year-1 tax shield @ 32%
$48,000
Land 6% (county tax record, market value split) · building $532,000 over 39 years · new furniture $33,000
Based on: 3,276 sq ft, built 2007, 5 bd / 4 ba, unfurnished, listing features (hot tub, deck, game room, flooring types, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $97,000 in year 1 (10% short-life, $31,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,900
Kitchen cabinetsdefault
$13,000 new × 40% good × 1.72 allocation
- $7,300
Kitchen countertopsdefault
$10,600 new × 40% good × 1.72 allocation
- $3,900
Decorative trimdefault
$5,700 new × 40% good × 1.72 allocation
- $400
Mirrorsdefault
$600 new × 40% good × 1.72 allocation
- $1,200
Shelvingdefault
$1,800 new × 40% good × 1.72 allocation
- $5,700
Window coverings (33)default
$8,300 new × 40% good × 1.72 allocation
- $7,300
Carpet, vinyl & laminate (50% of floors)listing
$10,500 new × 40% good × 1.72 allocation
- $10,800
Kitchen & laundry equipment plumbingdefault
$10,100 new × 62% good × 1.72 allocation
- $6,500
Kitchen, laundry & data equipment electricaldefault
$6,100 new × 62% good × 1.72 allocation
- $4,800
Appliances (range, dishwasher, refrigerator, washer, dryer)listing
$7,000 new × 40% good × 1.72 allocation
- $6,200
Hot tub (freestanding)listing
$9,000 new × 40% good × 1.72 allocation
- $26,500
Furniture bought newlisting
$26,500 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $10,200
Paving: driveway & walks (paved)default
$11,900 new × 50% good × 1.72 allocation
- $9,800
Landscaping (typical)default
$11,400 new × 50% good × 1.72 allocation
- $2,800
Patiosdefault
$3,200 new × 50% good × 1.72 allocation
- $31,700
Decks & porches (attached)listing
$36,900 new × 50% good × 1.72 allocation
- $418,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$355,600 new × 68% good × 1.72 allocation
- $39,400
Building plumbing & fixturesdefault
$37,000 new × 62% good × 1.72 allocation
- $41,400
Building electrical & lightingdefault
$38,800 new × 62% good × 1.72 allocation
- $25,400
HVACdefault
$36,900 new × 40% good × 1.72 allocation
- $7,300
Hardwood & tile floorsdefault
$10,500 new × 40% good × 1.72 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $95,600 | $54,600 | $600 | $150,700 |
| 2 | $0 | $0 | $13,600 | $13,600 |
| 3 | $0 | $0 | $13,600 | $13,600 |
| 4 | $0 | $0 | $13,600 | $13,600 |
| 5 | $0 | $0 | $13,600 | $13,600 |
| 6+ | $0 | $0 | $476,700 | $476,700 |
| Total | $95,600 | $54,600 | $531,900 | $682,000 |
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.