509 Kates Ct
Gatlinburg, TN 37738
$675,000
3 bd · 3 ba · 2,640 sqft · Listed 6d ago
View on Realtor.com →Year built
1976
Sqft
2,640
Lot sqft
64,469
HOA / mo
$0
Furnished
No
List date
2026-11-06T23:33:25.000000Z
Revenue
Annual revenue
$53,671
ADR
$251
Occupancy
59%
Cleaning fees (12 mo)
$10,659
Confidence
Med (54.69), 50 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $55,662
Hot Tub/Spacious/Near DwTn Gat
Cabin · 3 bd · 2 ba · sleeps 8 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $36,983ADR $282Occ ≈ 36%4.8★ (41)
Rustic Log Cabin w/ Hot Tub & Games
Cabin · 3 bd · 2 ba · sleeps 10 · 0.2 mi
Revenue $66,855ADR $327Occ ≈ 56%5★ (2)
Smoky Dreams 2 by Avada Properties
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $41,773ADR $223Occ ≈ 51%4.8★ (6)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Adventure Basecamp | Close to Ober Gatlinburg Cabin
| 3 bd · 2 ba · sleeps 8 | $28,385 | $211 | 37% | 3.3★ (7) | 187 ft | AirbnbVrboBooking |
Secluded Mtn-View Cabin w/ Deck, 2Mi to Gatlinburg Cabin | 3 bd · 2 ba · sleeps 10 | $7,993 | $248 | 9% | 3.7★ (114) | 413 ft | AirbnbBooking |
Robin's Nest | Hot Tub + Near Downtown Gatlinburg Cabin
| 3 bd · 3 ba · sleeps 8 | $44,968 | $240 | 51% | 4.6★ (26) | 0.1 mi | AirbnbVrbo |
Lucky Cub Cabin Cabin
| 3 bd · 2 ba · sleeps 6 | $38,827 | $181 | 59% | 4.7★ (418) | 0.1 mi | AirbnbVrbo |
Family Fun! Great location! Hot Tub and Free Ticke Cabin
| 3 bd · 3 ba · sleeps 8 | $71,113 | $290 | 67% | 4.5★ (74) | 0.1 mi | AirbnbVrbo |
Owl's Nest | Hot Tub + Firepit House
| 3 bd · 2 ba · sleeps 10 | $50,772 | $235 | 59% | 4.7★ (14) | 0.2 mi | AirbnbVrbo |
Close to Gatlinburg, 3 bedroom, 2 bath, hot tub, pool table Cabin
| 3 bd · 2 ba · sleeps 8 | $38,732 | $248 | 43% | 3.4★ (8) | 0.2 mi | VrboBooking |
Hot Tub/Spacious/Near DwTn Gat Cabin
| 3 bd · 2 ba · sleeps 8 | $36,983 | $282 | 36% | 4.8★ (41) | 0.2 mi | Airbnb |
Rustic Log Cabin w/ Hot Tub & Games Cabin | 3 bd · 2 ba · sleeps 10 | $66,855 | $327 | 56% | 5★ (2) | 0.2 mi | Airbnb |
Smoky Dreams 2 by Avada Properties Vacation home | 3 bd · 2 ba · sleeps 6 | $41,773 | $223 | 51% | 4.8★ (6) | 0.2 mi | Booking |
Show 35 more
NEW 5 Star Cabin - Mountain Elegance
Cabin · 3 bd · 3 ba · sleeps 10 · 0.3 mi
Revenue $33,103ADR $400Occ ≈ 23%4.8★ (91)
Bear Essentials By Stony Brook Cabins
Vacation home · 3 bd · 3 ba · sleeps 10 · 0.3 mi
Revenue $81,468ADR $338Occ ≈ 66%4.5★ (9)
Smoky Bear Hideaway
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $70,378ADR $304Occ ≈ 63%—
NEW-Luxury Cabin Near Town w/ Pool & Hot Tub
House · 3 bd · 3 ba · sleeps 6 · 0.3 mi
Revenue $23,087ADR $276Occ ≈ 23%4.7★ (73)
Beautiful Mountain Views w/ Hot Tub & Theater
Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.4 mi
Revenue $55,662ADR $421Occ ≈ 36%4★ (6)
Smoky Mountain High 3-bedroom/3 bath, hot tub, game room, 10-min from downtown
Cabin · 3 bd · 3 ba · sleeps 10 · 0.4 mi
Revenue $1,160ADR $355Occ ≈ 1%—
Delisted
Adorable 3BD Cabin w/ Hot Tub! XBox + Pool Access!
Cabin · 3 bd · 3 ba · sleeps 8 · 0.4 mi
Revenue $73,750ADR $299Occ ≈ 68%4.8★ (39)
AGrandGetaway:MtnView*Res/Pool*Theater*Game*HotTub
Cabin · 3 bd · 3 ba · sleeps 10 · 0.4 mi
Revenue $82,527ADR $383Occ ≈ 59%3.8★ (36)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Perfect Fall Cabin w/ hot tub - 5 min to downtown Cabin
| 3 bd · 2 ba · sleeps 10 | $52,127 | $265 | 54% | 4.5★ (146) | 0.2 mi | AirbnbVrbo |
Gatlinburg Cabin | 3 Kings • Game Room - Hot Tub Cabin
| 3 bd · 3 ba · sleeps 10 | $47,265 | $324 | 40% | 4.9★ (35) | 0.2 mi | AirbnbVrbo |
Perfect Location,3 King Suites, Hot Tub Cabin
| 3 bd · 3 ba · sleeps 8 | $82,956 | $323 | 70% | 4.9★ (263) | 0.3 mi | AirbnbVrbo |
Gatlinburg Condominium Condominium (condo)
| 3 bd · 2.5 ba · sleeps 6 | $335 | $308 | 0% | — | 0.3 mi | AirbnbVrbo |
NEW 5 Star Cabin - Mountain Elegance Cabin | 3 bd · 3 ba · sleeps 10 | $33,103 | $400 | 23% | 4.8★ (91) | 0.3 mi | Airbnb |
*BG Mountain Loft 3BD Condominium (condo)
| 3 bd · 3 ba · sleeps 10 | $49,299 | $235 | 57% | — | 0.3 mi | AirbnbVrbo |
The Adventure Lodge in Black Bear Falls Resort! Cabin
| 3 bd · 3 ba · sleeps 10 | $53,926 | $298 | 50% | 4.7★ (72) | 0.3 mi | AirbnbVrboBooking |
3 king suites, movie room, pool table, hot tub, Cabin
| 3 bd · 3 ba · sleeps 10 | $64,481 | $346 | 51% | 4.6★ (27) | 0.3 mi | AirbnbVrbo |
Bear Essentials By Stony Brook Cabins Vacation home | 3 bd · 3 ba · sleeps 10 | $81,468 | $338 | 66% | 4.5★ (9) | 0.3 mi | Booking |
brand new log cabin in wooded part of Gatlinburg House
| 3 bd · 3 ba · sleeps 8 | $62,747 | $413 | 42% | 4.6★ (44) | 0.3 mi | AirbnbVrboBooking |
3King Suites•Hot Tub•Walk to Pool•2.5M to Downtown Cabin
| 3 bd · 3 ba · sleeps 10 | $60,519 | $348 | 48% | 5★ (234) | 0.3 mi | AirbnbVrbo |
The Songbird - Mountain views, hot tub, and more! Cabin
| 3 bd · 3 ba · sleeps 10 | $35,641 | $312 | 31% | 4.4★ (25) | 0.3 mi | AirbnbVrboBooking |
Fall Smokies Escape, Hot tub, Views, Theater, BBQ Cabin
| 3 bd · 3 ba · sleeps 10 | $107,535 | $403 | 73% | 5★ (466) | 0.3 mi | AirbnbVrbo |
Bear Ridge | Hot Tub + Game Room in the Smokies Cabin
| 3 bd · 3 ba · sleeps 8 | $24,314 | $343 | 19% | 5★ (15) | 0.3 mi | AirbnbVrboBooking |
Smoky Bear Hideaway Vacation home | 3 bd · 2 ba · sleeps 6 | $70,378 | $304 | 63% | — | 0.3 mi | Booking |
Smoky Mountain Escape-Hot tub, pool access, Resort Cabin
| 3 bd · 3 ba · sleeps 9 | $65,077 | $310 | 58% | 5★ (5) | 0.3 mi | AirbnbVrbo |
Smoky Mtn Escape | 3 Kings, Hot Tub & Pool Table Cabin
| 3 bd · 3 ba · sleeps 6 | $39,301 | $254 | 42% | 5★ (19) | 0.3 mi | AirbnbVrboBooking |
NEW-Luxury Cabin Near Town w/ Pool & Hot Tub House | 3 bd · 3 ba · sleeps 6 | $23,087 | $276 | 23% | 4.7★ (73) | 0.3 mi | Airbnb |
3 Mi to Gatlinburg: Cabin w/ Deck & Pool Table! Cabin | 3 bd · 3 ba · sleeps 6 | $79,672 | $0 | — | 4.7★ (174) | 0.3 mi | AirbnbBooking |
Gatlinburg - Family Fun - Level Parking Cabin
| 3 bd · 3 ba · sleeps 10 | $42,297 | $272 | 43% | 4.5★ (4) | 0.3 mi | AirbnbVrbo |
3Kings! Close to Gburg & Hiking! New Hot tub! Cabin
| 3 bd · 3 ba · sleeps 8 | $70,877 | $294 | 66% | 4.8★ (188) | 0.3 mi | AirbnbVrbo |
★Gray Fox Den★ | Theater & Arcade, Hot Tub, Views Cabin
| 3 bd · 3 ba · sleeps 8 | $101,781 | $359 | 78% | 5★ (255) | 0.4 mi | AirbnbVrboBooking |
Cub's Crossing | 2 Balconies + Hot Tub Cabin | 3 bd · 3 ba · sleeps 10 | $78,887 | $432 | 50% | 4.5★ (9) | 0.4 mi | AirbnbBooking |
Game Room + Hot Tub | Luxury Cabin in Gatlinburg Cabin
| 3 bd · 3 ba · sleeps 8 | $61,659 | $389 | 43% | 5★ (94) | 0.4 mi | AirbnbVrbo |
Beautiful Mountain Views w/ Hot Tub & Theater Cabin | 3 bd · 3.5 ba · sleeps 10 | $55,662 | $421 | 36% | 4★ (6) | 0.4 mi | Airbnb |
Cub's Corner | Amazing Views, Hot Tub, Pool Access Cabin
| 3 bd · 3 ba · sleeps 10 | $62,790 | $360 | 48% | 4.7★ (83) | 0.4 mi | AirbnbVrboBooking |
Smoky Mountain High 3-bedroom/3 bath, hot tub, game room, 10-min from downtown Cabin | 3 bd · 3 ba · sleeps 10 | $1,160 | $355 | 1% | — | 0.4 mi | Delisted |
Adorable 3BD Cabin w/ Hot Tub! XBox + Pool Access! Cabin | 3 bd · 3 ba · sleeps 8 | $73,750 | $299 | 68% | 4.8★ (39) | 0.4 mi | Airbnb |
Perfect 3BD Cabin! Stunning Views + Great Location Cabin
| 3 bd · 3 ba · sleeps 9 | $81,671 | $319 | 70% | 4.8★ (139) | 0.4 mi | AirbnbVrbo |
Hot Tub & Game Room: Log Cabin 2 Mi to Ripley’s! Cabin
| 3 bd · 3 ba · sleeps 10 | $36,778 | $319 | 32% | 5★ (53) | 0.4 mi | AirbnbVrboBooking |
AGrandGetaway:MtnView*Res/Pool*Theater*Game*HotTub Cabin | 3 bd · 3 ba · sleeps 10 | $82,527 | $383 | 59% | 3.8★ (36) | 0.4 mi | Airbnb |
Black Bear falls Gatlin Lodge 3• kings •hot tub• Cabin
| 3 bd · 3 ba · sleeps 8 | $37,619 | $270 | 38% | 5★ (120) | 0.4 mi | AirbnbVrbo |
Rustic Cabin w/ Hot Tub, Pool Table & Arcade Game Cabin
| 3 bd · 3 ba · sleeps 10 | $85,909 | $326 | 72% | 4.8★ (46) | 0.4 mi | AirbnbVrbo |
★Mountain Life in Luxury with Breathtaking Views★ Cabin
| 3 bd · 3 ba · sleeps 10 | $101,311 | $393 | 71% | 5★ (227) | 0.4 mi | AirbnbVrbo |
Black Bear Falls Cabin~2ml Dwtn, Hot Tub Game Room Cabin
| 3 bd · 3 ba · sleeps 10 | $57,451 | $408 | 39% | 4.8★ (195) | 0.4 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
Est. revenue
$53,671
NOI
$28,902
Cash flow /mo
$2,409
Cash needed
$727,500
Cash-on-cash (all cash)
4.0%
ROE (yr 1)
6.8%
Cap rate
4.3%
DSCR
—
Year-1 write-off
$158,158
Year-1 tax shield @ 32%
$50,611
Year-1 return on equity
- Cash flow (annual)$28,902
- Principal paydown (n/a, cash)$0
- Appreciation at%$20,250
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)$10,734
- Platform fees (3% of revenue)$1,610
- Maintenance / capex (5% of revenue)$2,684
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,491
- Insurance (STR-rated)$4,050
Cash needed to close
- Purchase price (all cash)$675,000
- Closing costs (4.0%)$27,000
- Furnishing (bought new)$25,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$50,611
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
$528,000
Short-life (5/15-yr)
$132,000 · 25%
Year-1 deduction
$158,000
Year-1 tax shield @ 32%
$51,000
Land 22% (county tax record, market value split) · building $396,000 over 39 years · new furniture $26,000
Based on: 2,640 sq ft, built 1976, 3 bd / 3 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: $95,000 in year 1 (13% short-life, $30,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,400
Kitchen cabinetsdefault
$11,600 new × 40% good × 2.47 allocation
- $9,400
Kitchen countertopsdefault
$9,500 new × 40% good × 2.47 allocation
- $4,600
Decorative trimdefault
$4,600 new × 40% good × 2.47 allocation
- $400
Mirrorsdefault
$500 new × 40% good × 2.47 allocation
- $1,200
Shelvingdefault
$1,200 new × 40% good × 2.47 allocation
- $6,400
Window coverings (26)default
$6,500 new × 40% good × 2.47 allocation
- $11,200
Carpet, vinyl & laminate (67% of floors)listing
$11,300 new × 40% good × 2.47 allocation
- $8,900
Kitchen & laundry equipment plumbingdefault
$9,000 new × 40% good × 2.47 allocation
- $5,400
Kitchen, laundry & data equipment electricaldefault
$5,400 new × 40% good × 2.47 allocation
- $7,600
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 2.47 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $13,200
Paving: driveway & walks (paved)default
$10,700 new × 50% good × 2.47 allocation
- $12,700
Landscaping (typical)default
$10,200 new × 50% good × 2.47 allocation
- $3,200
Patiosdefault
$2,600 new × 50% good × 2.47 allocation
- $36,700
Decks & porches (attached)listing
$29,700 new × 50% good × 2.47 allocation
- $283,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$286,800 new × 40% good × 2.47 allocation
- $29,400
Building plumbing & fixturesdefault
$29,800 new × 40% good × 2.47 allocation
- $30,400
Building electrical & lightingdefault
$30,700 new × 40% good × 2.47 allocation
- $29,400
HVACdefault
$29,700 new × 40% good × 2.47 allocation
- $5,600
Hardwood & tile floorsdefault
$5,700 new × 40% good × 2.47 allocation
- $2,600
Fireplacelisting
$2,600 new × 40% good × 2.47 allocation
- $14,800
Septic systemlisting
$12,000 new × 50% good × 2.47 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $92,000 | $65,700 | $400 | $158,200 |
| 2 | $0 | $0 | $10,100 | $10,100 |
| 3 | $0 | $0 | $10,100 | $10,100 |
| 4 | $0 | $0 | $10,100 | $10,100 |
| 5 | $0 | $0 | $10,100 | $10,100 |
| 6+ | $0 | $0 | $354,600 | $354,600 |
| Total | $92,000 | $65,700 | $395,600 | $553,300 |
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.