1049 Lower Alpine Way
Gatlinburg, TN 37738
$779,000
4 bd · 3 ba · 2,640 sqft · Listed 7d ago
View on Realtor.com →Year built
1965
Sqft
2,640
Lot sqft
14,375
HOA / mo
$50
Furnished
No
List date
2026-11-05T18:49:35.000000Z
Revenue
Annual revenue
$68,351
ADR
$313
Occupancy
60%
Cleaning fees (12 mo)
$13,086
Confidence
Med (54.79), 50 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $51,619
New Listing Special at Hawk Nest Chalet
Chalet · 4 bd · 2.5 ba · sleeps 12 · 348 ft
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $26,087ADR $338Occ ≈ 21%5★ (16)
Pool Access, Hot Tub, W/D, Fireplace, Pets Free
Chalet · 4 bd · 2.5 ba · sleeps 12 · 0.1 mi
Revenue $79,250ADR $311Occ ≈ 70%4.8★ (155)
Delisted
Up the Creek by American Patriot Getaways
Vacation home · 4 bd · 3 ba · sleeps 10 · 0.2 mi
Revenue $101,257ADR $340Occ ≈ 82%5★ (1)
Pinecone Cottage by Avada Properties
Vacation home · 4 bd · 3 ba · sleeps 10 · 0.2 mi
Revenue $39,916ADR $195Occ ≈ 56%5★ (2)
Cubby Bear, Free Attraction Tickets, Game Room, Hot Tub, seasonal pool Access, WIFI!!!
Chalet · 4 bd · 4 ba · sleeps 12 · 0.2 mi
Revenue $52,246ADR $364Occ ≈ 39%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Escape to St Moritz in the heart of Gatlinburg, Cabin
| 4 bd · 3 ba · sleeps 10 | $16,346 | $409 | 11% | 3★ (2) | 128 ft | AirbnbVrbo |
New Listing Special at Hawk Nest Chalet Chalet
| 4 bd · 2.5 ba · sleeps 12 | $26,087 | $338 | 21% | 5★ (16) | 348 ft | Airbnb |
Dogs welcome, hot tub, pool table, Gatlinburg! House
| 4 bd · 3 ba · sleeps 10 | $65,835 | $543 | 33% | 4.3★ (38) | 0.1 mi | AirbnbVrbo |
Cabin w/ Hot Tub: 2 Mi to Downtown Gatlinburg! House
| 4 bd · 3 ba · sleeps 9 | $43,531 | $364 | 33% | 4.3★ (142) | 0.1 mi | AirbnbVrboBooking |
Pool Access, Hot Tub, W/D, Fireplace, Pets Free Chalet | 4 bd · 2.5 ba · sleeps 12 | $79,250 | $311 | 70% | 4.8★ (155) | 0.1 mi | Delisted |
Private 3 Levels-2 mile to G'burg & GSMNP-3 Pools Cabin
| 4 bd · 2.5 ba · sleeps 10 | $32,888 | $299 | 30% | 4.6★ (52) | 0.2 mi | AirbnbVrbo |
Up the Creek by American Patriot Getaways Vacation home | 4 bd · 3 ba · sleeps 10 | $101,257 | $340 | 82% | 5★ (1) | 0.2 mi | Booking |
Pinecone Cottage by Avada Properties Vacation home | 4 bd · 3 ba · sleeps 10 | $39,916 | $195 | 56% | 5★ (2) | 0.2 mi | Booking |
Bearfoot Getaway – Hot Tub, Games, Resort Pools Cabin
| 4 bd · 3.5 ba · sleeps 13 | $81,261 | $446 | 50% | 4.8★ (26) | 0.2 mi | AirbnbVrboBooking |
Cubby Bear, Free Attraction Tickets, Game Room, Hot Tub, seasonal pool Access, WIFI!!! Chalet | 4 bd · 4 ba · sleeps 12 | $52,246 | $364 | 39% | — | 0.2 mi | Booking |
Show 18 more
Positive Altitudes by American Patriot Getaways
Vacation home · 4 bd · 3 ba · sleeps 9 · 0.2 mi
Revenue $45,252ADR $246Occ ≈ 50%3.2★ (2)
Three Bears Lodge - Outdoor Hot Tub, Game Room, Pet Friendly + Chalet Village Resort Access
Vacation home · 4 bd · 4 ba · sleeps 10 · 0.2 mi
Revenue $44,910ADR $258Occ ≈ 48%—
Moonshine Manor-Pets Ok-w/d-Pool Table-Arcade
Cabin · 4 bd · 3 ba · sleeps 11 · 0.2 mi
Revenue $31,530ADR $284Occ ≈ 30%4.1★ (28)
Bearadise - Sleeps 11 with a game room and resort amenities near Ober Gatlinburg
Chalet · 4 bd · 3 ba · sleeps 11 · 0.3 mi
Revenue $67,778ADR $413Occ ≈ 45%4★ (1)
Perfect-Location 4BR w/ Views! HOT TUB +Pool Table
Cabin · 4 bd · 3 ba · sleeps 10 · 0.3 mi
Revenue $67,567ADR $336Occ ≈ 55%4.5★ (68)
ONE Beary Good View 3BR-2BA in Gatlinburg Sleeps 9
Vacation home · 4 bd · 2 ba · sleeps 9 · 0.3 mi
Revenue $42,390ADR $196Occ ≈ 59%4.8★ (7)
Gatlinburg & Great Smoky Mountains NP, 5 min.; Ober Gatlinburg 3 min.; Pet-free
Chalet · 4 bd · 2.5 ba · sleeps 9 · 0.3 mi
Revenue $43,274ADR $238Occ ≈ 50%4.8★ (214)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Positive Altitudes by American Patriot Getaways Vacation home | 4 bd · 3 ba · sleeps 9 | $45,252 | $246 | 50% | 3.2★ (2) | 0.2 mi | Booking |
Three Bears Lodge - Outdoor Hot Tub, Game Room, Pet Friendly + Chalet Village Resort Access Vacation home | 4 bd · 4 ba · sleeps 10 | $44,910 | $258 | 48% | — | 0.2 mi | Booking |
Bear Sanctuary - Authentic Log Cabin Cabin
| 4 bd · 4 ba · sleeps 12 | $92,937 | $409 | 62% | 4.9★ (251) | 0.2 mi | AirbnbVrbo |
The Whittier Cabin 4 Bed Cabin Amazing Views Cabin
| 4 bd · 3.5 ba · sleeps 10 | $86,127 | $387 | 61% | 5★ (105) | 0.2 mi | AirbnbVrbo |
Moonshine Manor-Pets Ok-w/d-Pool Table-Arcade Cabin | 4 bd · 3 ba · sleeps 11 | $31,530 | $284 | 30% | 4.1★ (28) | 0.2 mi | Airbnb |
Huge Mtn Views/3miles to Downtown/HotTub/3 Pools Cabin
| 4 bd · 2 ba · sleeps 10 | $86,067 | $313 | 75% | 4.9★ (139) | 0.2 mi | AirbnbVrbo |
Bearadise - Sleeps 11 with a game room and resort amenities near Ober Gatlinburg Chalet | 4 bd · 3 ba · sleeps 11 | $67,778 | $413 | 45% | 4★ (1) | 0.3 mi | Booking |
Bearadise- close to ski lodge and Gatlinburg! Cabin
| 4 bd · 3 ba · sleeps 11 | $58,517 | $386 | 42% | 4.3★ (6) | 0.3 mi | AirbnbVrbo |
Bearfoot Lodge - Pets Welcome & Hot Tub Chalet
| 4 bd · 4 ba · sleeps 10 | $69,666 | $409 | 47% | 4.2★ (43) | 0.3 mi | AirbnbVrboBooking |
3 Miles to DTWN & GSMNP • Secluded• HotTub •3Pools Cabin
| 4 bd · 2.5 ba · sleeps 10 | $40,325 | $322 | 34% | 5★ (29) | 0.3 mi | AirbnbVrbo |
Perfect-Location 4BR w/ Views! HOT TUB +Pool Table Cabin | 4 bd · 3 ba · sleeps 10 | $67,567 | $336 | 55% | 4.5★ (68) | 0.3 mi | Airbnb |
ONE Beary Good View 3BR-2BA in Gatlinburg Sleeps 9 Vacation home | 4 bd · 2 ba · sleeps 9 | $42,390 | $196 | 59% | 4.8★ (7) | 0.3 mi | Booking |
Fall Views/4 bedrooms/Ober Gburg/ Hot tub/Arcade Chalet
| 4 bd · 3.5 ba · sleeps 11 | $62,411 | $361 | 47% | 4.8★ (128) | 0.3 mi | AirbnbVrbo |
Gatlinburg & Great Smoky Mountains NP, 5 min.; Ober Gatlinburg 3 min.; Pet-free Chalet | 4 bd · 2.5 ba · sleeps 9 | $43,274 | $238 | 50% | 4.8★ (214) | 0.3 mi | Delisted |
Cozy Escape • Gatlinburg • Hot Tub, Games & Views Cabin | 4 bd · 2.5 ba · sleeps 10 | $80,416 | $339 | 65% | 5★ (32) | 0.3 mi | AirbnbBooking |
New! Hawk Nest Chalet, Hot tub, access to pool, pets ok, sleeps 12 Chalet
| 4 bd · 2.5 ba · sleeps 12 | $16,253 | $329 | 14% | — | 0.3 mi | VrboBooking |
Fall Getaway-Hot Tub-Game Room-@ Ober Mtn Cabin
| 4 bd · 3 ba · sleeps 12 | $41,920 | $382 | 30% | 5★ (86) | 0.3 mi | AirbnbVrbo |
1 mile to downtown Gatlinburg-Hot tub-Pool House
| 4 bd · 2 ba · sleeps 12 | $50,991 | $361 | 39% | 4.8★ (97) | 0.3 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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$68,351
NOI
$37,405
Cash flow /mo
-$1,141
Cash needed
$254,910
Cash-on-cash
-5.4%
ROE (yr 1)
5.7%
Cap rate
4.8%
DSCR
0.73
Year-1 write-off
$216,339
Year-1 tax shield @ 32%
$69,228
Year-1 return on equity
- Cash flow (annual)-$13,698
- Principal paydown$4,949
- Appreciation at%$23,370
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)$13,670
- Platform fees (3% of revenue)$2,051
- Maintenance / capex (5% of revenue)$3,418
- Utilities & supplies$4,200
- HOA$600
- Property tax$2,334
- Insurance (STR-rated)$4,674
Cash needed to close
- Down payment (25%)$194,750
- Closing costs (4.0%)$31,160
- Furnishing (bought new)$29,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$69,228
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
$666,000
Short-life (5/15-yr)
$187,000 · 28%
Year-1 deduction
$216,000
Year-1 tax shield @ 32%
$69,000
Land 14% (county tax record, market value split) · building $480,000 over 39 years · new furniture $29,000
Based on: 2,640 sq ft, built 1965, 4 bd / 3 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: $135,000 in year 1 (16% short-life, $43,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $14,500
Kitchen cabinetsdefault
$11,600 new × 40% good × 3.14 allocation
- $11,900
Kitchen countertopsdefault
$9,500 new × 40% good × 3.14 allocation
- $5,800
Decorative trimdefault
$4,600 new × 40% good × 3.14 allocation
- $600
Mirrorsdefault
$500 new × 40% good × 3.14 allocation
- $1,900
Shelvingdefault
$1,500 new × 40% good × 3.14 allocation
- $8,200
Window coverings (26)default
$6,500 new × 40% good × 3.14 allocation
- $21,300
Carpet, vinyl & laminate (100% of floors)listing
$17,000 new × 40% good × 3.14 allocation
- $11,300
Kitchen & laundry equipment plumbingdefault
$9,000 new × 40% good × 3.14 allocation
- $6,800
Kitchen, laundry & data equipment electricaldefault
$5,400 new × 40% good × 3.14 allocation
- $9,700
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 3.14 allocation
- $11,300
Hot tub (freestanding)listing
$9,000 new × 40% good × 3.14 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $16,700
Paving: driveway & walks (paved)default
$10,700 new × 50% good × 3.14 allocation
- $16,100
Landscaping (typical)default
$10,200 new × 50% good × 3.14 allocation
- $4,100
Patiosdefault
$2,600 new × 50% good × 3.14 allocation
- $46,600
Decks & porches (attached)listing
$29,700 new × 50% good × 3.14 allocation
- $359,700
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$286,500 new × 40% good × 3.14 allocation
- $37,400
Building plumbing & fixturesdefault
$29,800 new × 40% good × 3.14 allocation
- $38,600
Building electrical & lightingdefault
$30,700 new × 40% good × 3.14 allocation
- $37,300
HVACdefault
$29,700 new × 40% good × 3.14 allocation
- $6,600
Fireplaces (2)listing
$5,300 new × 40% good × 3.14 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $132,300 | $83,500 | $500 | $216,300 |
| 2 | $0 | $0 | $12,300 | $12,300 |
| 3 | $0 | $0 | $12,300 | $12,300 |
| 4 | $0 | $0 | $12,300 | $12,300 |
| 5 | $0 | $0 | $12,300 | $12,300 |
| 6+ | $0 | $0 | $429,900 | $429,900 |
| Total | $132,300 | $83,500 | $479,600 | $695,500 |
The building's share of the price ($666,000) is 3.1x our depreciated replacement cost of the home ($212,000). 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.