1023 Gordon Way
Sevierville, TN 37876
$390,000
2 bd · 2.5 ba · 1,604 sqft · Listed today
View on Realtor.com →Year built
2000
Sqft
1,604
Lot sqft
24,829
HOA / mo
$167
Furnished
No
List date
2026-10-02T11:46:00.000000Z
Revenue
Annual revenue
$38,241
ADR
$178
Occupancy
59%
Cleaning fees (12 mo)
$7,509
Confidence
Med (59.45), 50 comps
Comp revenue range (p25 / median / p75)
Serene Nest | By Colonial Properties
Cabin · 2 bd · 2 ba · sleeps 7 · 164 ft
Revenue $34,391ADR $258Occ ≈ 37%5★ (1)
"Douglas Dream" 2 Bedroom Cabin
House · 2 bd · 2 ba · sleeps 8 · 200 ft
Revenue $38,446ADR $516Occ ≈ 20%—
Mtn Cabin w/Lake and Pool Access
Cabin · 2 bd · 2 ba · sleeps 4 · 381 ft
Revenue $39,345ADR $209Occ ≈ 52%4.9★ (59)
Quiet cabin located in the Douglas Lake Resort
Cabin · 2 bd · 2 ba · sleeps 4 · 404 ft
Revenue $38,021ADR $142Occ ≈ 73%4.9★ (397)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
2 Bedroom, Sleep 6, Hot Tub, Fishing Cabin | 2 bd · 2 ba · sleeps 7 | $42,134 | $234 | 49% | 4★ (3) | 154 ft | AirbnbVrbo |
Serene Nest | By Colonial Properties Cabin | 2 bd · 2 ba · sleeps 7 | $34,391 | $258 | 37% | 5★ (1) | 164 ft | Vrbo |
"Douglas Dream" 2 Bedroom Cabin House | 2 bd · 2 ba · sleeps 8 | $38,446 | $516 | 20% | — | 200 ft | Airbnb |
Douglas Lake Cabin Retreat・Beautiful Views・Hot Tub Cabin | 2 bd · 2 ba · sleeps 6 | $17,382 | $186 | 26% | 4.7★ (15) | 207 ft | AirbnbVrboBooking |
The Den Rustic Romantic Cabin Cabin | 2 bd · 2 ba · sleeps 6 | $41,604 | $223 | 51% | 5★ (119) | 223 ft | AirbnbVrbo |
Douglas Lake-Cheerful 2Bd/2Ba + Loft bed - No Pets Cabin | 2 bd · 2 ba · sleeps 8 | $16,712 | $208 | 22% | 4.8★ (94) | 266 ft | AirbnbVrbo |
Mountaintop RnR | Hot Tub & Forest Views Cabin | 2 bd · 2 ba · sleeps 6 | $46,392 | $197 | 65% | 4.8★ (46) | 341 ft | AirbnbVrboBooking |
New! Game Room, Views, Hot Tub + King Suites Cabin | 2 bd · 2 ba · sleeps 8 | $49,659 | $179 | 76% | 4.8★ (44) | 374 ft | AirbnbVrboBooking |
Mtn Cabin w/Lake and Pool Access Cabin | 2 bd · 2 ba · sleeps 4 | $39,345 | $209 | 52% | 4.9★ (59) | 381 ft | Airbnb |
Quiet cabin located in the Douglas Lake Resort Cabin | 2 bd · 2 ba · sleeps 4 | $38,021 | $142 | 73% | 4.9★ (397) | 404 ft | Vrbo |
Show all 50 comps
Windermere at Douglas Lake Resort
Cabin · 2 bd · 2 ba · sleeps 4 · 0.2 mi
Revenue $23,398ADR $159Occ ≈ 40%4.8★ (467)
Ambleside Of The Smokys
Cabin · 2 bd · 2 ba · sleeps 5 · 0.2 mi
Revenue $17,937ADR $172Occ ≈ 29%4.7★ (430)
Mountain Splendor by American Patriot Getaways
Vacation home · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $40,176ADR $242Occ ≈ 45%—
Mountain Views • Hot Tub • Pet Friendly • Sleeps 8
Cabin · 2 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $52,997ADR $190Occ ≈ 76%4.8★ (270)
Private and Cozy Cabin in Douglas Lake Resort, Yet Close to Area Attractions.
Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $7,300ADR $221Occ ≈ 9%4.8★ (118)
Walk to Douglas Lake: Cabin w/ Private Hot Tub!
Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi
Revenue $4,834ADR $210Occ ≈ 6%—
Hide-A-Way With a View, 2 Bedroom, 2 Bath, Lakefront Cabin
Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $17,627ADR $208Occ ≈ 23%4.8★ (193)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Cozy Cabin, Minutes to Dollywood, Hot Tub, Pool Cabin | 2 bd · 2 ba · sleeps 6 | $41,659 | $148 | 77% | 4.8★ (109) | 423 ft | AirbnbVrbo |
LakeView+HotTub+PoolTable+RetroGaming+GasFireplace Cabin | 2 bd · 2 ba · sleeps 6 | $44,653 | $258 | 47% | 5★ (157) | 0.1 mi | AirbnbVrbo |
Hot Tub + Game Loft | Inside Douglas Lake Resort House | 2 bd · 2 ba · sleeps 8 | $44,640 | $205 | 60% | 4.5★ (38) | 0.1 mi | AirbnbVrboBooking |
*Beautiful 2BD w/ VIEWS! Hot Tub + Pool Access!* Cabin | 2 bd · 2 ba · sleeps 7 | $43,960 | $215 | 56% | 4.8★ (38) | 0.1 mi | AirbnbVrbo |
Authentic Log Cabin Near Douglas Lake Cabin | 2 bd · 2 ba · sleeps 8 | $31,492 | $227 | 38% | 4.2★ (6) | 0.2 mi | AirbnbVrbo |
Serenity Now at Douglas Lake*Pets OK*Game Room Cabin | 2 bd · 2 ba · sleeps 8 | $61,429 | $282 | 60% | 4.9★ (74) | 0.2 mi | AirbnbVrbo |
Windermere at Douglas Lake Resort Cabin | 2 bd · 2 ba · sleeps 4 | $23,398 | $159 | 40% | 4.8★ (467) | 0.2 mi | Vrbo |
Treetop Cabin w/Hot Tub, Arcade, Pool Cabin | 2 bd · 2 ba · sleeps 6 | $46,037 | $194 | 65% | 5★ (151) | 0.2 mi | AirbnbVrbo |
Ambleside Of The Smokys Cabin | 2 bd · 2 ba · sleeps 5 | $17,937 | $172 | 29% | 4.7★ (430) | 0.2 mi | Vrbo |
Mountain Splendor by American Patriot Getaways Vacation home | 2 bd · 2 ba · sleeps 4 | $40,176 | $242 | 45% | — | 0.3 mi | Booking |
Lakeview Pointe - Soak After a Day on Douglas Lake Cabin | 2 bd · 2 ba · sleeps 6 | $58,291 | $223 | 72% | 4.5★ (19) | 0.3 mi | AirbnbVrboBooking |
Whiskey Barrel w/ Hot Tub, Arcade Game & Fire Pit! Cabin | 2 bd · 2 ba · sleeps 6 | $41,860 | $190 | 60% | 4.8★ (31) | 0.3 mi | AirbnbVrbo |
Adorable Cabin, Sleeps 8・Beautiful Views・Hot Tub Cabin | 2 bd · 2 ba · sleeps 8 | $33,373 | $202 | 45% | 5★ (2) | 0.3 mi | AirbnbVrbo |
Still Water Hideaway: Calm Waters, Quiet Escapes Cabin | 2 bd · 2 ba · sleeps 6 | $35,569 | $258 | 38% | 4.8★ (29) | 0.3 mi | AirbnbVrbo |
Mountain Splendor*Douglas Lake*Boat Ramp Cabin | 2 bd · 2 ba · sleeps 4 | $31,361 | $198 | 43% | 4.8★ (8) | 0.3 mi | AirbnbVrbo |
Mountain Views • Hot Tub • Pet Friendly • Sleeps 8 Cabin | 2 bd · 2 ba · sleeps 8 | $52,997 | $190 | 76% | 4.8★ (270) | 0.3 mi | Airbnb |
Deluxe Cabin on Douglas Lake | Dollywood Cabin | 2 bd · 2 ba · sleeps 8 | $16,000 | $232 | 19% | 4.5★ (6) | 0.3 mi | AirbnbVrboBooking |
Cozy lake house cabin. Sleeps 8-10. Hot Tub! Cabin | 2 bd · 2 ba · sleeps 10 | $34,561 | $233 | 41% | 4.8★ (140) | 0.3 mi | AirbnbVrbo |
2 BR cabin w/hot tub, community pool, amazing view Cabin | 2 bd · 2 ba · sleeps 8 | $8,661 | $235 | 10% | 4.8★ (10) | 0.3 mi | AirbnbVrboBooking |
*New* Peaceful Mtn Retreat | Dock | Pool | Hot Tub Cabin | 2 bd · 2 ba · sleeps 8 | $18,677 | $208 | 25% | 4.9★ (13) | 0.3 mi | AirbnbVrboBooking |
Lake Cabin | 2 Masters + Prime Location + Hot tub Cabin | 2 bd · 2 ba · sleeps 4 | $44,071 | $196 | 62% | 4.9★ (224) | 0.3 mi | AirbnbVrbo |
Peace By the Lake Cabin | 2 bd · 2 ba · sleeps 6 | $33,765 | $153 | 60% | 4.7★ (255) | 0.3 mi | AirbnbVrboBooking |
Stairway to Heaven by Beyond Expectations Cabin | 2 bd · 2 ba · sleeps 6 | $37,465 | $175 | 59% | 4.5★ (53) | 0.3 mi | AirbnbVrboBooking |
Private and Cozy Cabin in Douglas Lake Resort, Yet Close to Area Attractions. Cabin | 2 bd · 2 ba · sleeps 6 | $7,300 | $221 | 9% | 4.8★ (118) | 0.4 mi | Vrbo |
Smokies Cabin on Douglas Lake w/ Resort Pool Cabin | 2 bd · 2 ba · sleeps 4 | $29,280 | $177 | 45% | 4.8★ (18) | 0.4 mi | AirbnbVrboBooking |
Private Deck: Lake Resort Cabin in Sevierville! Cabin | 2 bd · 2 ba · sleeps 4 | $35,654 | $217 | 45% | 4★ (4) | 0.4 mi | AirbnbVrbo |
Cedar Top | Reduced Rates + Near Lake! Cabin | 2 bd · 2 ba · sleeps 6 | $55,587 | $310 | 49% | 3.6★ (16) | 0.4 mi | AirbnbVrboBooking |
Douglas Lake Cabin Rental-Access to Boat Launch-Pool Table-Internet-Hot Tub Cabin | 2 bd · 2 ba · sleeps 10 | $36,293 | $202 | 49% | 4.6★ (60) | 0.4 mi | VrboBooking |
A Smoky Mountain Lake Cabin, HT Cabin | 2 bd · 2 ba · sleeps 5 | $46,188 | $220 | 58% | 4.5★ (32) | 0.4 mi | AirbnbVrbo |
Cabin w/ Deck, Hot Tub & Douglas Lake Resort Perks Cabin | 2 bd · 2 ba · sleeps 7 | $29,198 | $198 | 40% | 4.8★ (18) | 0.4 mi | AirbnbVrboBooking |
Lake access~Private hot tub~Resort pool~Pool table Cabin | 2 bd · 2 ba · sleeps 8 | $45,879 | $256 | 49% | 5★ (269) | 0.4 mi | AirbnbVrboBooking |
Smoky Mountains Cabin < 1 Mi to Douglas Lake Cabin | 2 bd · 2 ba · sleeps 6 | $25,594 | $174 | 40% | 4.8★ (116) | 0.4 mi | AirbnbVrboBooking |
Picturesque Log Cabin with Private Hot Tub and Arcade Games on Douglas Lake near Sevierville, Tennessee Cabin | 2 bd · 2 ba · sleeps 6 | $74,219 | $428 | 48% | — | 0.4 mi | VrboBooking |
Tippy Canoe Cabin: Lake views & Hot Tub Cabin | 2 bd · 2 ba · sleeps 6 | $39,644 | $297 | 37% | 5★ (78) | 0.4 mi | AirbnbVrbo |
Cabin next to Douglas Lake with Hot Tub and Cabin | 2 bd · 2 ba · sleeps 6 | $31,843 | $215 | 41% | 4.5★ (44) | 0.4 mi | AirbnbVrboBooking |
Walk to Douglas Lake: Cabin w/ Private Hot Tub! Cabin | 2 bd · 2 ba · sleeps 8 | $17,598 | $209 | 23% | 4.8★ (5) | 0.4 mi | AirbnbVrboBooking |
Walk to Douglas Lake: Cabin w/ Private Hot Tub! Cabin | 2 bd · 2 ba · sleeps 8 | $4,834 | $210 | 6% | — | 0.4 mi | Airbnb |
Cozy cabin by Pigeon Forge, Dollywood, Gatlinburg Cabin | 2 bd · 2 ba · sleeps 6 | $54,692 | $211 | 71% | 5★ (327) | 0.4 mi | AirbnbVrbo |
Douglas Lake Cabin w/ Boat Ramp & Water Access! Cabin | 2 bd · 2 ba · sleeps 6 | $23,907 | $204 | 32% | 4.7★ (107) | 0.4 mi | AirbnbVrboBooking |
Hide-A-Way With a View, 2 Bedroom, 2 Bath, Lakefront Cabin Cabin | 2 bd · 2 ba · sleeps 6 | $17,627 | $208 | 23% | 4.8★ (193) | 0.4 mi | Vrbo |
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 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium
Est. revenue
$38,241
NOI
$18,354
Cash flow /mo
-$623
Cash needed
$135,100
Cash-on-cash
-5.5%
ROE (yr 1)
4.9%
Cap rate
4.7%
DSCR
0.71
Year-1 write-off
$100,756
Year-1 tax shield @ 32%
$32,242
Year-1 return on equity
- Cash flow (annual)-$7,475
- Principal paydown$2,429
- Appreciation at%$11,700
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)$7,648
- Platform fees (3% of revenue)$1,147
- Maintenance / capex (5% of revenue)$1,912
- Utilities & supplies$4,200
- HOA$2,004
- Property tax$636
- Insurance (STR-rated)$2,340
Cash needed to close
- Down payment (25%)$97,500
- Closing costs (4.0%)$15,600
- Furnishing (bought new)$22,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$32,242
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
$356,000
Short-life (5/15-yr)
$78,000 · 22%
Year-1 deduction
$101,000
Year-1 tax shield @ 32%
$32,000
Land 9% (county tax record, market value split) · building $278,000 over 39 years · new furniture $22,000
Based on: 1,604 sq ft, built 2000, 2 bd / 2.5 ba, unfurnished, listing features (deck, game room, fireplace, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $65,000 in year 1 (12% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,800
Kitchen cabinetsdefault
$9,300 new × 40% good × 2.08 allocation
- $6,400
Kitchen countertopsdefault
$7,600 new × 40% good × 2.08 allocation
- $2,300
Decorative trimdefault
$2,800 new × 40% good × 2.08 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.08 allocation
- $800
Shelvingdefault
$900 new × 40% good × 2.08 allocation
- $3,300
Window coverings (16)default
$4,000 new × 40% good × 2.08 allocation
- $2,200
Carpet, vinyl & laminate (25% of floors)listing
$2,600 new × 40% good × 2.08 allocation
- $7,300
Kitchen & laundry equipment plumbingdefault
$7,200 new × 48% good × 2.08 allocation
- $4,400
Kitchen, laundry & data equipment electricaldefault
$4,400 new × 48% good × 2.08 allocation
- $6,400
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 2.08 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
- $8,700
Paving: driveway & walks (paved)default
$8,300 new × 50% good × 2.08 allocation
- $8,300
Landscaping (typical)default
$8,000 new × 50% good × 2.08 allocation
- $1,700
Patiosdefault
$1,600 new × 50% good × 2.08 allocation
- $18,800
Decks & porches (attached)listing
$18,000 new × 50% good × 2.08 allocation
- $205,600
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$174,100 new × 57% good × 2.08 allocation
- $18,000
Building plumbing & fixturesdefault
$18,000 new × 48% good × 2.08 allocation
- $17,600
Building electrical & lightingdefault
$17,600 new × 48% good × 2.08 allocation
- $15,100
HVACdefault
$18,100 new × 40% good × 2.08 allocation
- $6,500
Hardwood & tile floorsdefault
$7,700 new × 40% good × 2.08 allocation
- $2,200
Fireplacelisting
$2,600 new × 40% good × 2.08 allocation
- $12,500
Septic systemlisting
$12,000 new × 50% good × 2.08 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $63,000 | $37,400 | $300 | $100,800 |
| 2 | $0 | $0 | $7,100 | $7,100 |
| 3 | $0 | $0 | $7,100 | $7,100 |
| 4 | $0 | $0 | $7,100 | $7,100 |
| 5 | $0 | $0 | $7,100 | $7,100 |
| 6+ | $0 | $0 | $248,800 | $248,800 |
| Total | $63,000 | $37,400 | $277,500 | $378,000 |
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.