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Rate 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium

215 Woliss Ln Unit 313

215 Woliss Ln Unit 313

Gatlinburg, TN 37738

$459,900

2 bd · 2 ba · 1,224 sqft · Listed 1d ago

View on Realtor.com →
High HOANegative cash flow

Year built

2006

Sqft

1,224

Lot sqft

67,082

HOA / mo

$805

Furnished

No

List date

2026-10-27T12:54:39.000000Z

Revenue

Annual revenue

$31,411

ADR

$184

Occupancy

47%

Cleaning fees (12 mo)

$4,484

Confidence

High (82.28), 46 comps

Comp revenue range (p25 / median / p75)

$25,066$28,618$30,302

Median revenue of shown comps: $28,618

  • GT 304 - Year Round Pool/Hot Tub. Close to DTown!

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 13 ft

    Revenue $40,346ADR $146Occ ≈ 76%4.9★ (57)

    Airbnb

  • Elegant Downtown Condo, Sleeps 6, Balcony, Gym Roo

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 20 ft

    Revenue $25,575ADR $212Occ ≈ 33%5★ (5)

    AirbnbVrboBooking

  • Central Condo, Sleeps 6, Jetted tub, Near Downtown

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 20 ft

    Revenue $33,013ADR $195Occ ≈ 46%5★ (4)

    AirbnbVrboBooking

  • Luxe Condo W Balcony, Sleeps 6, Fireplace, Hot Tub

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $29,916ADR $197Occ ≈ 42%—

    AirbnbVrboBooking

  • Elegant Condo W Fireplace, Sleeps 6, Near Downtown

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $30,307ADR $212Occ ≈ 39%5★ (1)

    AirbnbVrboBooking

  • Near Downtown Charming Condo, Sleeps 6, Hot tub, G

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $28,807ADR $237Occ ≈ 33%4.4★ (2)

    AirbnbVrboBooking

  • Comfy Condo Near Downtown, Sleeps 6, Jetted Tub, G

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $30,037ADR $184Occ ≈ 45%4★ (2)

    AirbnbVrboBooking

  • Bear Themed Condo, Walk to Parkway, Jetted Tub, Gy

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $29,561ADR $190Occ ≈ 43%5★ (1)

    AirbnbVrboBooking

  • Homey Condo, Sleeps 6 W Balcony, Jetted Tub

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $21,305ADR $202Occ ≈ 29%5★ (2)

    AirbnbVrboBooking

  • Walkable Luxury Condo, Sleeps 6, Balcony, Jetted t

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $25,837ADR $208Occ ≈ 34%5★ (2)

    AirbnbVrboBooking

Show 36 more

  • Beautiful Downtown Condo, Sleeps 6, Hot Tub, Gym

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $33,826ADR $259Occ ≈ 36%—

    AirbnbVrboBooking

  • Cute Condo, Sleeps 6, Jacuzzi Tub, Gym, Near Downt

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $21,449ADR $208Occ ≈ 28%4★ (1)

    AirbnbVrboBooking

  • Mountain Style Condo, Sleep 6, Fireplace, Jetted T

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $33,162ADR $249Occ ≈ 36%5★ (4)

    AirbnbVrboBooking

  • Elegant Condo, Sleeps 6, Jetted Tub, Near Downtown

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $26,746ADR $196Occ ≈ 37%—

    AirbnbVrboBooking

  • 5th Floor Condo, Sleeps 6, Jetted Tub, Fireplace

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $30,218ADR $243Occ ≈ 34%5★ (3)

    AirbnbVrboBooking

  • Cozy Condo, Sleeps 6, Jetted Tub, Gym, Near Downto

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $28,800ADR $226Occ ≈ 35%—

    AirbnbVrboBooking

  • Charming Luxe Condo, Sleeps 6, Jetted Tub, Firepla

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $23,544ADR $246Occ ≈ 26%5★ (2)

    AirbnbVrboBooking

  • Lovely Condo W Fireplace, Sleeps 6, Gym, Hot Tub

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $28,068ADR $198Occ ≈ 39%—

    AirbnbVrboBooking

  • Family Condo Walk 2 Parkway Gatlinburg, Gym, Hot T

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $33,554ADR $247Occ ≈ 37%5★ (2)

    AirbnbBooking

  • Relaxing Creekside Condo, Sleeps 8, Jetted Tub, Gy

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $28,600ADR $277Occ ≈ 28%—

    AirbnbBooking

  • Creekside Condo, Sleep 6, Jetted Tub, Nearby Downt

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $30,860ADR $245Occ ≈ 35%5★ (1)

    AirbnbVrboBooking

  • Comfortable Creekside Condo, Sleeps 8, Jetted Tub

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $35,621ADR $264Occ ≈ 37%—

    AirbnbVrboBooking

  • Mountain View Condo, Sleeps 6, Walk downtown, Gym

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $28,218ADR $280Occ ≈ 28%5★ (2)

    AirbnbVrboBooking

  • Heart of Gatlinburg, Walk to Parkway, Gym, Jetted

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $25,895ADR $177Occ ≈ 40%5★ (2)

    AirbnbVrboBooking

  • Luxe Downtown Condo, Sleeps 6, Fireplace, Jetted T

    Apartment · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $18,901ADR $197Occ ≈ 26%—

    AirbnbVrboBooking

  • Polished Downtown Condo, Sleeps 6, Jetted Tub, Gym

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $28,636ADR $264Occ ≈ 30%5★ (1)

    AirbnbVrboBooking

  • Lovely Near Downtown Condo, Sleeps 6, Jetted Tub

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $30,962ADR $277Occ ≈ 31%—

    AirbnbVrboBooking

  • Relaxing Downtown Condo, Sleeps 6, Hot Tub, Gym

    Apartment · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $19,492ADR $202Occ ≈ 26%5★ (1)

    AirbnbVrboBooking

  • Cozy Condo W Balcony, Sleeps 6, Gym, Hot Tub

    Apartment · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $23,495ADR $187Occ ≈ 34%—

    AirbnbVrboBooking

  • Find Relaxed Luxe, Sleeps 6, Jetted Tub, Downtown

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $23,884ADR $230Occ ≈ 28%—

    AirbnbVrboBooking

  • Bright Condo Near Downtown, Sleeps 6, Hot Tub, Gym

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $23,739ADR $180Occ ≈ 36%5★ (3)

    AirbnbVrboBooking

  • Polished Downtown Condo, Sleeps 8, Fireplace, Gym

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 23 ft

    Revenue $26,875ADR $245Occ ≈ 30%—

    AirbnbVrboBooking

  • Relaxing Condo, Sleeps 6, Fireplace Jetted tub, Gy

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $27,652ADR $176Occ ≈ 43%5★ (3)

    AirbnbVrboBooking

  • Walk Downtown, Sleeps 6, Jetted Tub, Fireplace, Gy

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $30,286ADR $220Occ ≈ 38%5★ (2)

    AirbnbVrboBooking

  • Cozy Downtown Condo, Sleeps 6, Hot Tub, Fitness Ro

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $20,156ADR $194Occ ≈ 28%—

    AirbnbVrboBooking

  • Beautiful Condo, Sleeps 6, Near Downtown, Jetted T

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $28,903ADR $196Occ ≈ 40%5★ (1)

    AirbnbVrboBooking

  • Downtown Condo, Sleeps 6, Fireplace, Hot Tub

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $25,427ADR $177Occ ≈ 39%4.5★ (3)

    AirbnbVrboBooking

  • Elegant Condo W Jetted Tub, Sleeps 6, Fireplace

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $32,137ADR $206Occ ≈ 43%0.5★ (1)

    AirbnbVrboBooking

  • Lovely Downtown Condo, Sleeps 6, Fitness Room

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $29,205ADR $237Occ ≈ 34%4.5★ (3)

    AirbnbVrboBooking

  • Charming Bear Themed Condo, Steps to Downtown, Gym

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $20,790ADR $215Occ ≈ 26%4.3★ (3)

    AirbnbVrboBooking

  • Ideally Located, Sleeps 6, Fireplace, Jetted Tub

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $24,946ADR $268Occ ≈ 26%4★ (1)

    AirbnbVrboBooking

  • Bright Themed Condo, for 8, Steps from Downtown, G

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 23 ft

    Revenue $38,310ADR $261Occ ≈ 40%5★ (1)

    AirbnbVrboBooking

  • Chic Condo Near Downtown, Sleeps 8, Fireplace, Gym

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 23 ft

    Revenue $16,894ADR $212Occ ≈ 22%5★ (2)

    AirbnbVrboBooking

  • Perfectly Located Condo, Sleeps 6, Jetted Tub, Gym

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $26,885ADR $229Occ ≈ 32%—

    AirbnbVrboBooking

  • Cozy Downtown Condo, Sleeps 6, Balcony, Jetted tub

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $29,085ADR $177Occ ≈ 45%—

    AirbnbVrboBooking

  • Luxury Condo, Sleeps 6, Near Downtown, Jetted Tub

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 23 ft

    Revenue $30,854ADR $239Occ ≈ 35%—

    AirbnbVrboBooking

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 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium

Est. revenue

$31,411

NOI

$4,327

Cash flow /mo

-$2,187

Cash needed

$149,371

Cash-on-cash

-17.6%

ROE (yr 1)

-6.4%

Cap rate

0.9%

DSCR

0.14

Year-1 write-off

$71,401

Year-1 tax shield @ 32%

$22,848

Year-1 return on equity

  • Cash flow (annual)-$26,247
  • Principal paydown$2,842
  • Appreciation at%$13,797
ROE-6.4%

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)$6,282
  • Platform fees (3% of revenue)$942
  • Maintenance / capex (5% of revenue)$1,571
  • Utilities & supplies$4,200
  • HOA$9,660
  • Property tax$1,670
  • Insurance (STR-rated)$2,759

Cash needed to close

  • Down payment (25%)$114,975
  • Closing costs (4.0%)$18,396
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$22,848

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

$354,000

Short-life (5/15-yr)

$55,000 · 16%

Year-1 deduction

$71,000

Year-1 tax shield @ 32%

$23,000

Land 23% (county tax record, market value split) · building $299,000 over 39 years · new furniture $16,000

Based on: 1,224 sq ft, built 2006, 2 bd / 2 ba, unfurnished, listing features (hot tub, fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $52,000 in year 1 (10% short-life, $17,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$71,100

  • Kitchen cabinetsdefault

    $8,500 new × 40% good × 2.62 allocation

    $8,900

  • Kitchen countertopsdefault

    $6,900 new × 40% good × 2.62 allocation

    $7,300

  • Decorative trimdefault

    $2,100 new × 40% good × 2.62 allocation

    $2,200

  • Mirrorsdefault

    $300 new × 40% good × 2.62 allocation

    $300

  • Shelvingdefault

    $900 new × 40% good × 2.62 allocation

    $900

  • Window coverings (12)default

    $3,000 new × 40% good × 2.62 allocation

    $3,100

  • Kitchen & laundry equipment plumbingdefault

    $6,600 new × 60% good × 2.62 allocation

    $10,400

  • Kitchen, laundry & data equipment electricaldefault

    $4,000 new × 60% good × 2.62 allocation

    $6,300

  • Appliances (range, microwave, dishwasher, disposal, washer, dryer)listing

    $5,900 new × 40% good × 2.62 allocation

    $6,200

  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.62 allocation

    $9,400

  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
Building, 39-year$298,700

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $132,500 new × 67% good × 2.62 allocation

    $231,500

  • Building plumbing & fixturesdefault

    $13,700 new × 60% good × 2.62 allocation

    $21,600

  • Building electrical & lightingdefault

    $12,800 new × 60% good × 2.62 allocation

    $20,100

  • HVACdefault

    $13,800 new × 40% good × 2.62 allocation

    $14,500

  • Hardwood & tile floorsdefault

    $7,900 new × 40% good × 2.62 allocation

    $8,300

  • Fireplacelisting

    $2,600 new × 40% good × 2.62 allocation

    $2,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$71,100$0$300$71,400
2$0$0$7,700$7,700
3$0$0$7,700$7,700
4$0$0$7,700$7,700
5$0$0$7,700$7,700
6+$0$0$267,700$267,700
Total$71,100$0$298,700$369,800

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.