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814 Kings Hills Blvd

814 Kings Hills Blvd

Pigeon Forge, TN 37863

$899,000

5 bd · 3 ba · 2,784 sqft · Listed 1d ago

View on Realtor.com →

Year built

2006

Sqft

2,784

Lot sqft

23,958

HOA / mo

$0

Furnished

No

List date

2026-10-02T13:14:16.000000Z

Revenue

Annual revenue

$67,744

ADR

$320

Occupancy

58%

Cleaning fees (12 mo)

$10,719

Confidence

Med (58.21), 39 comps

Comp revenue range (p25 / median / p75)

$48,635$66,365$80,946

Median revenue of shown comps: $71,816

  • Just For Fun by American Patriot Getaways

    Vacation home · 5 bd · 4 ba · sleeps 12 · 0.1 mi

    Revenue $106,977ADR $493Occ ≈ 59%—

    Booking

  • Theater Room, Hot Tub, & Games Await Your Stay!

    Cabin · 5 bd · 3 ba · sleeps 16 · 0.2 mi

    Revenue $14,878ADR $481Occ ≈ 8%—

    Vrbo

  • Game-N-Getaway– 5BR Cabin Near Parkway, Hot Tub

    Cabin · 5 bd · 4 ba · sleeps 14 · 0.2 mi

    Revenue $71,281ADR $472Occ ≈ 41%4.2★ (5)

    AirbnbVrbo

  • EZ Access*5BD*EZ Roads*HotTub*1.5m to Pwy & Island

    Cabin · 5 bd · 4 ba · sleeps 12 · 0.2 mi

    Revenue $51,149ADR $368Occ ≈ 38%5★ (128)

    AirbnbVrbo

  • SALE! A+Location! Hot Tub, Theater, Grill, EZRoads

    Cabin · 5 bd · 4 ba · sleeps 13 · 0.3 mi

    Revenue $93,307ADR $460Occ ≈ 56%4.9★ (238)

    AirbnbVrbo

  • Spacious Pigeon Forge Retreat | 5BR • Hot Tub

    Cabin · 5 bd · 4 ba · sleeps 14 · 0.3 mi

    Revenue $67,805ADR $409Occ ≈ 45%4.8★ (182)

    AirbnbVrboBooking

  • Less than a mile to Pigeon Forge! Home Theater!

    Cabin · 5 bd · 4 ba · sleeps 12 · 0.3 mi

    Revenue $83,117ADR $398Occ ≈ 57%4★ (16)

    AirbnbVrbo

  • Enchanted Memories, Hot Tub, FREE Attraction tickets, Theater Room, WIFI!!!

    Chalet · 5 bd · 4 ba · sleeps 12 · 0.3 mi

    Revenue $95,093ADR $422Occ ≈ 62%2.2★ (2)

    Booking

  • Charming Cabin in Pigeon Forge, For Unforgettable Group Glamping Escapes to Tennessee

    Cabin · 5 bd · 4 ba · sleeps 14 · 0.3 mi

    Revenue $17,473ADR $654Occ ≈ 7%—

    VrboBooking

  • 5 BR 4BA 1 Mi to Parkway Pool Table & Hot Tub

    Cabin · 5 bd · 4 ba · sleeps 16 · 0.3 mi

    Revenue $72,351ADR $498Occ ≈ 40%4.2★ (31)

    AirbnbVrboBooking

Show 16 more
  • Pigeon Forge Getaway- close to town, free tickets!

    Chalet · 5 bd · 3 ba · sleeps 16 · 0.4 mi

    Revenue $78,297ADR $438Occ ≈ 49%4.7★ (49)

    AirbnbVrboBooking

  • Smoky Mountain Cabin Retreat with Hot Tub

    Cabin · 5 bd · 3 ba · sleeps 14 · 0.4 mi

    Revenue $51,925ADR $380Occ ≈ 37%4.2★ (16)

    AirbnbVrboBooking

  • Hot Tub • 10 Beds • Granite Kitchen • 1 Mi to fun

    Cabin · 5 bd · 3 ba · sleeps 14 · 0.4 mi

    Revenue $101,362ADR $312Occ ≈ 89%4.9★ (19)

    AirbnbVrbo

  • ER233 a spacious 5bd retreat in Pigeon Forge

    House · 5 bd · 4 ba · sleeps 14 · 0.4 mi

    Revenue $78,026ADR $444Occ ≈ 48%5★ (7)

    AirbnbVrboBooking

  • 8 Bears. 4 bedroom house max 16+guests

    House · 5 bd · 2.5 ba · sleeps 16 · 0.4 mi

    Revenue $51,101ADR $332Occ ≈ 42%5★ (1)

    Airbnb

  • Whispering Winds

    Chalet · 5 bd · 3 ba · sleeps 12 · 0.4 mi

    Revenue $60,798ADR $282Occ ≈ 59%2.5★ (2)

    Booking

  • Warm and Cozy Cabin nestled in the Mountains!

    Cabin · 5 bd · 4 ba · sleeps 12 · 0.4 mi

    Revenue $66,365ADR $748Occ ≈ 24%4.9★ (8)

    AirbnbVrbo

  • Spacious 5BR Cabin · Hot Tub & Game Room

    Cabin · 5 bd · 4 ba · sleeps 14 · 0.4 mi

    Revenue $73,761ADR $442Occ ≈ 46%4.5★ (231)

    AirbnbVrboBooking

  • Smoky Bear Lodge! 1mi to Parkway, Sauna, Game Rm!

    Cabin · 5 bd · 4 ba · sleeps 12 · 0.4 mi

    Revenue $116,748ADR $454Occ ≈ 70%4.9★ (67)

    AirbnbVrbo

  • ER92- 5bd Great location! Close to all the action!

    Cabin · 5 bd · 4 ba · sleeps 14 · 0.4 mi

    Revenue $78,774ADR $461Occ ≈ 47%3.8★ (32)

    AirbnbVrboBooking

  • Great Location! Close to all the action!

    Cabin · 5 bd · 4 ba · sleeps 14 · 0.5 mi

    Revenue $86,042ADR $476Occ ≈ 50%4.7★ (65)

    AirbnbVrboBooking

  • Home, from home.

    House · 5 bd · 3.5 ba · sleeps 16 · 0.5 mi

    Revenue $65,487ADR $459Occ ≈ 39%5★ (27)

    AirbnbBooking

  • Two Cabins | 1 Mile to The Island | Fire Pit

    Chalet · 5 bd · 3.5 ba · sleeps 14 · 0.5 mi

    Revenue $48,447ADR $819Occ ≈ 16%—

    AirbnbVrbo

  • 1 mile to the pkwy, 10min. to Dollywood, 6min. to Ripken park, 8miles to G'burg

    Cabin · 5 bd · 3 ba · sleeps 13 · 0.5 mi

    Revenue $48,822ADR $353Occ ≈ 38%4.9★ (186)

    Vrbo

  • 5BR 4BA 1 MI to Parkway Pool Table - Hot Tub

    Cabin · 5 bd · 4 ba · sleeps 14 · 0.5 mi

    Revenue $92,721ADR $453Occ ≈ 56%4.2★ (38)

    AirbnbVrboBooking

  • Charming Rental in Pigeon Forge, For Relaxed Family Getaways in Tennessee

    Vacation home · 5 bd · 3 ba · sleeps 14 · 0.6 mi

    Revenue $9,745ADR $0Occ ≈ ——

    Booking

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

Est. revenue

$67,744

NOI

$37,829

Cash flow /mo

$3,152

Cash needed

$961,460

Cash-on-cash (all cash)

3.9%

ROE (yr 1)

6.7%

Cap rate

4.2%

DSCR

—

Year-1 write-off

$223,759

Year-1 tax shield @ 32%

$71,603

Year-1 return on equity

  • Cash flow (annual)$37,829
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$26,970
ROE6.7%

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)$13,549
  • Platform fees (3% of revenue)$2,032
  • Maintenance / capex (5% of revenue)$3,387
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$1,353
  • Insurance (STR-rated)$5,394

Cash needed to close

  • Purchase price (all cash)$899,000
  • Closing costs (4.0%)$35,960
  • Furnishing (bought new)$26,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$71,603

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

$817,000

Short-life (5/15-yr)

$197,000 · 24%

Year-1 deduction

$224,000

Year-1 tax shield @ 32%

$72,000

Land 9% (county tax record, market value split) · building $620,000 over 39 years · new furniture $27,000

Based on: 2,784 sq ft, built 2006, 5 bd / 3 ba, unfurnished, listing features (pool, patio, fence, fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $193,000 in year 1 (20% short-life, $62,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$93,900
  • Kitchen cabinetsdefault

    $11,900 new × 40% good × 2.40 allocation

    $11,400
  • Kitchen countertopsdefault

    $9,700 new × 40% good × 2.40 allocation

    $9,300
  • Decorative trimdefault

    $4,900 new × 40% good × 2.40 allocation

    $4,700
  • Mirrorsdefault

    $500 new × 40% good × 2.40 allocation

    $400
  • Shelvingdefault

    $1,800 new × 40% good × 2.40 allocation

    $1,700
  • Window coverings (28)default

    $7,000 new × 40% good × 2.40 allocation

    $6,700
  • Carpet, vinyl & laminate (25% of floors)listing

    $4,500 new × 40% good × 2.40 allocation

    $4,300
  • Kitchen & laundry equipment plumbingdefault

    $9,300 new × 60% good × 2.40 allocation

    $13,300
  • Kitchen, laundry & data equipment electricaldefault

    $5,600 new × 60% good × 2.40 allocation

    $8,100
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 2.40 allocation

    $7,400
  • Furniture bought newlisting

    $26,500 new × 100% good · bought separately

    $26,500
15-year land improvements$129,200
  • Paving: driveway & walks (paved)listing

    $10,900 new × 50% good × 2.40 allocation

    $13,100
  • Landscaping (typical)default

    $10,500 new × 50% good × 2.40 allocation

    $12,600
  • Patioslisting

    $12,500 new × 50% good × 2.40 allocation

    $15,000
  • Decks & porches (attached)default

    $2,700 new × 50% good × 2.40 allocation

    $3,300
  • Pool (in-ground)listing

    $65,000 new × 50% good × 2.40 allocation

    $78,000
  • Fencinglisting

    $6,000 new × 50% good × 2.40 allocation

    $7,200
Building, 39-year$620,400
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $301,900 new × 67% good × 2.40 allocation

    $482,800
  • Building plumbing & fixturesdefault

    $31,400 new × 60% good × 2.40 allocation

    $45,200
  • Building electrical & lightingdefault

    $32,600 new × 60% good × 2.40 allocation

    $46,900
  • HVACdefault

    $31,400 new × 40% good × 2.40 allocation

    $30,100
  • Hardwood & tile floorsdefault

    $13,400 new × 40% good × 2.40 allocation

    $12,900
  • Fireplacelisting

    $2,600 new × 40% good × 2.40 allocation

    $2,500

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$93,900$129,200$700$223,800
2$0$0$15,900$15,900
3$0$0$15,900$15,900
4$0$0$15,900$15,900
5$0$0$15,900$15,900
6+$0$0$556,100$556,100
Total$93,900$129,200$620,400$843,500

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.