251 Cartertown Rd
Gatlinburg, TN 37738
$525,000
2 bd · 2 ba · 1,008 sqft · Listed 1d ago
View on Realtor.com →Year built
2016
Sqft
1,008
Lot sqft
24,829
HOA / mo
None
Furnished
No
List date
2026-10-16T17:15:43.000000Z
Revenue
Annual revenue
$56,070
ADR
$236
Occupancy
65%
Cleaning fees (12 mo)
$10,094
Confidence
Low (46.36), 50 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $57,501
The Blue Bear Cottage
Cabin · 2 bd · 2 ba · sleeps 6 · 269 ft
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $42,313ADR $217Occ ≈ 53%5★ (69)
Location! Private Hot Tub & 3,000 Game Multicade
Condominium (condo) · 2 bd · 1 ba · sleeps 6 · 289 ft
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $26,993ADR $138Occ ≈ 54%4.8★ (235)
Semi secluded wooded setting 4 mins to downtown
Cabin · 2 bd · 2 ba · sleeps 6 · 433 ft
Revenue $31,658ADR $274Occ ≈ 32%4.9★ (558)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Horse Creek House | 2 bd · 1 ba · sleeps 4 | $3,954 | $69 | 16% | 4.9★ (64) | 240 ft | Airbnb |
The Blue Bear Cottage Cabin
| 2 bd · 2 ba · sleeps 6 | $42,313 | $217 | 53% | 5★ (69) | 269 ft | Airbnb |
Location! Private Hot Tub & 3,000 Game Multicade Condominium (condo)
| 2 bd · 1 ba · sleeps 6 | $26,993 | $138 | 54% | 4.8★ (235) | 289 ft | Airbnb |
Heavenly Heights Cabin
| 2 bd · 2 ba · sleeps 8 | $64,562 | $350 | 51% | 4.3★ (28) | 312 ft | AirbnbVrbo |
The Woodlands of the Smokies Cabin
| 2 bd · 2 ba · sleeps 6 | $25,747 | $259 | 27% | 4.9★ (15) | 354 ft | AirbnbVrbo |
Semi secluded wooded setting 4 mins to downtown Cabin | 2 bd · 2 ba · sleeps 6 | $31,658 | $274 | 32% | 4.9★ (558) | 433 ft | Airbnb |
Spectacular Mtn Views, Hot Tub, Resort Pool, Games Cabin
| 2 bd · 2 ba · sleeps 8 | $94,892 | $367 | 71% | 4.9★ (617) | 472 ft | AirbnbVrbo |
Lovin' The View - Enjoy gorgeous views! Cabin
| 2 bd · 2 ba · sleeps 8 | $64,641 | $251 | 71% | 4.2★ (29) | 0.1 mi | AirbnbVrbo |
Mountain Views & Game Room | Heart of Gatlinburg Cabin
| 2 bd · 2 ba · sleeps 8 | $62,330 | $1,023 | 17% | 5★ (8) | 0.1 mi | AirbnbVrbo |
Fall Foliage Views! 2Mi to Downtown GBurg | HotTub Cabin
| 2 bd · 2 ba · sleeps 8 | $70,908 | $314 | 62% | 5★ (236) | 0.1 mi | AirbnbVrbo |
Show 37 more
Charming 2BD Cabin w/ VIEWS! Hot Tub + Pool Access
Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi
Revenue $68,176ADR $310Occ ≈ 60%5★ (24)
View| 2mi GBurg| Hot Tub| Game Rm| Firepit| Modern
Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi
Revenue $57,501ADR $277Occ ≈ 57%5★ (4)
Delisted
Semi secluded property with prime location.
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $39,092ADR $269Occ ≈ 40%4.9★ (22)
Delisted
Cozy Retreat w/ Hot Tub, Games & Resort Access
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $12,639ADR $411Occ ≈ 8%5★ (1)
Delisted
Cheerful Gatlinburg duplex minutes from downtown
House · 2 bd · 1 ba · sleeps 5 · 0.2 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $5,071ADR $149Occ ≈ 9%5★ (5)
Incredible Cabin with Breathtaking Views Nestled in the Trees in Gatlinburg, Tennessee
Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi
Revenue $23,772ADR $376Occ ≈ 17%—
Delisted
Romantic Mountain Cabin w/ Hot Tub
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $23,565ADR $425Occ ≈ 15%—
Delisted
Rustic Cabin w/ Majestic Views & Hot Tub
Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $13,555ADR $365Occ ≈ 10%3.7★ (8)
Delisted
Best Kept Secret
Vacation home · 2 bd · 1 ba · sleeps 4 · 0.2 mi
Revenue $121,866ADR $358Occ ≈ 93%—
Mins to Downtown~RockyTop Sports~Food City~Hot Tub
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $18,780ADR $198Occ ≈ 26%4.5★ (11)
1.3mi Downtown Gatlinburg, Private lot and Parking
Chalet · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $14,750ADR $158Occ ≈ 26%4.9★ (83)
1 Bdrm + Loft Cabin w Porch 1.5miles to Dtwn Gburg
House · 2 bd · 2 ba · sleeps 4 · 0.2 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $10,860ADR $139Occ ≈ 21%4.9★ (9)
Poolin Around
Vacation home · 2 bd · 2 ba · sleeps 4 · 0.2 mi
Revenue $68,677ADR $387Occ ≈ 49%4.4★ (5)
5 IndoorPoolFireplaceFireTblHot TubPS5Bears
Chalet · 2 bd · 2 ba · sleeps 5 · 0.3 mi
Revenue $75,216ADR $529Occ ≈ 39%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Gatlinburg Cabin | Hot Tub | Sleeps 8 | Mtn Views Cabin
| 2 bd · 2 ba · sleeps 8 | $59,548 | $245 | 67% | 4.9★ (151) | 0.1 mi | AirbnbVrboBooking |
Charming 2BD Cabin w/ VIEWS! Hot Tub + Pool Access Cabin | 2 bd · 2 ba · sleeps 8 | $68,176 | $310 | 60% | 5★ (24) | 0.1 mi | Airbnb |
Killer View|Amazing Pool|2 mi Gburg|Game Rm|Modern Cabin
| 2 bd · 2 ba · sleeps 8 | $79,050 | $326 | 66% | 5★ (45) | 0.1 mi | AirbnbVrbo |
View| 2mi GBurg| Hot Tub| Game Rm| Firepit| Modern Cabin | 2 bd · 2 ba · sleeps 8 | $57,501 | $277 | 57% | 5★ (4) | 0.1 mi | Delisted |
Semi secluded property with prime location. Cabin | 2 bd · 2 ba · sleeps 6 | $39,092 | $269 | 40% | 4.9★ (22) | 0.1 mi | Delisted |
Cozy Retreat w/ Hot Tub, Games & Resort Access Cabin | 2 bd · 2 ba · sleeps 6 | $12,639 | $411 | 8% | 5★ (1) | 0.1 mi | Delisted |
Cheerful Gatlinburg duplex minutes from downtown House
| 2 bd · 1 ba · sleeps 5 | $5,071 | $149 | 9% | 5★ (5) | 0.2 mi | Airbnb |
Viva La Vino - Ask About Free Attraction Tickets! Cabin | 2 bd · 2 ba · sleeps 6 | $74,846 | $289 | 71% | 4.6★ (41) | 0.2 mi | AirbnbBooking |
Incredible Cabin with Breathtaking Views Nestled in the Trees in Gatlinburg, Tennessee Cabin | 2 bd · 1 ba · sleeps 6 | $23,772 | $376 | 17% | — | 0.2 mi | Delisted |
Close To Downtown, Mountain Views, Hot Tub Cabin | 2 bd · 2 ba · sleeps 8 | $41,394 | $269 | 42% | 4.9★ (301) | 0.2 mi | AirbnbBooking |
Wonderland Cabin · Hot Tub, Games & Mountain Views Cabin
| 2 bd · 2 ba · sleeps 5 | $41,123 | $198 | 57% | 4.5★ (75) | 0.2 mi | AirbnbVrboBooking |
Smoky Mountain Views | Hot Tub, Pool Access & Cabin
| 2 bd · 2 ba · sleeps 8 | $74,642 | $337 | 61% | 4★ (4) | 0.2 mi | AirbnbVrbo |
Charming Retreat · Hot Tub · Prime Location Cabin
| 2 bd · 2 ba · sleeps 6 | $46,887 | $251 | 51% | 5★ (41) | 0.2 mi | AirbnbVrboBooking |
Smoky Diamond Lodge*Convenient Gatlinburg Location Cabin
| 2 bd · 2 ba · sleeps 8 | $32,425 | $251 | 35% | 4.9★ (12) | 0.2 mi | AirbnbVrboBooking |
Romantic Mountain Cabin w/ Hot Tub Cabin
| 2 bd · 2 ba · sleeps 6 | $91,477 | $358 | 70% | 4★ (1) | 0.2 mi | AirbnbVrbo |
Smoky Mountain High Cabin
| 2 bd · 2 ba · sleeps 8 | $83,786 | $366 | 63% | 5★ (90) | 0.2 mi | AirbnbVrbo |
Romantic Mountain Cabin w/ Hot Tub Cabin | 2 bd · 2 ba · sleeps 6 | $23,565 | $425 | 15% | — | 0.2 mi | Delisted |
♥ of GSM- 5 mins to DT- Hottub, Game Rm, Firepit Cabin
| 2 bd · 2 ba · sleeps 8 | $71,794 | $222 | 89% | 4.9★ (471) | 0.2 mi | AirbnbVrbo |
The Nut House: Fire Pit, Hot Tub, Gameroom Cabin
| 2 bd · 3 ba · sleeps 6 | $108,468 | $374 | 79% | 5★ (31) | 0.2 mi | AirbnbVrboBooking |
Spirit of the Mountains Cabin
| 2 bd · 2 ba · sleeps 6 | $73,046 | $263 | 76% | 4.9★ (116) | 0.2 mi | AirbnbVrbo |
Luxury Cabin Near Dtwn•Hot Tub•Sauna•Shuffleboard Cabin
| 2 bd · 2 ba · sleeps 4 | $22,476 | $252 | 24% | 4.8★ (14) | 0.2 mi | AirbnbVrbo |
Rustic Cabin w/ Majestic Views & Hot Tub Cabin | 2 bd · 2 ba · sleeps 8 | $13,555 | $365 | 10% | 3.7★ (8) | 0.2 mi | Delisted |
Cozy Retreat w/ Hot Tub, Games & Resort Access Cabin
| 2 bd · 2 ba · sleeps 6 | $63,897 | $314 | 56% | 4.8★ (4) | 0.2 mi | AirbnbVrbo |
5 Min to Downtown| Hot Tub| Mountain View Cabin
| 2 bd · 2 ba · sleeps 5 | $70,969 | $269 | 72% | 5★ (338) | 0.2 mi | AirbnbVrbo |
Best Kept Secret Vacation home | 2 bd · 1 ba · sleeps 4 | $121,866 | $358 | 93% | — | 0.2 mi | Booking |
Mins to Downtown~RockyTop Sports~Food City~Hot Tub Cabin
| 2 bd · 2 ba · sleeps 6 | $18,780 | $198 | 26% | 4.5★ (11) | 0.2 mi | Airbnb |
Minutes to Downtown~Nature Setting~Grill~Sleeps 6 Cottage
| 2 bd · 2 ba · sleeps 6 | $22,982 | $202 | 31% | 4.5★ (14) | 0.2 mi | AirbnbVrbo |
*Stunning Cabin w/ VIEWS! Hot Tub + Fire Pit* Cabin
| 2 bd · 2 ba · sleeps 8 | $60,560 | $271 | 61% | 4.9★ (82) | 0.2 mi | AirbnbVrbo |
1.3mi Downtown Gatlinburg, Private lot and Parking Chalet | 2 bd · 2 ba · sleeps 6 | $14,750 | $158 | 26% | 4.9★ (83) | 0.2 mi | Airbnb |
1 Bdrm + Loft Cabin w Porch 1.5miles to Dtwn Gburg House
| 2 bd · 2 ba · sleeps 4 | $10,860 | $139 | 21% | 4.9★ (9) | 0.2 mi | Airbnb |
Poolin Around Vacation home | 2 bd · 2 ba · sleeps 4 | $68,677 | $387 | 49% | 4.4★ (5) | 0.2 mi | Booking |
Incredible Views 2 bedroom in Gatlinburg Falls Cabin
| 2 bd · 2 ba · sleeps 6 | $70,419 | $269 | 72% | 5★ (388) | 0.2 mi | AirbnbVrbo |
Rustic Cabin w/ Majestic Views & Hot Tub Cabin
| 2 bd · 2 ba · sleeps 8 | $61,738 | $306 | 55% | 2★ (1) | 0.3 mi | AirbnbVrboBooking |
The Best Cabin Ever Cabin
| 2 bd · 2 ba · sleeps 8 | $54,098 | $284 | 52% | 4.5★ (232) | 0.3 mi | AirbnbVrbo |
Log Cabin, Private Hot Tub, Mtn View, Near Dtwn Cabin
| 2 bd · 2 ba · sleeps 6 | $53,293 | $252 | 58% | 4.8★ (27) | 0.3 mi | AirbnbVrboBooking |
New 2 Bed 2 Bath Gatlinburg Cabin
| 2 bd · 2 ba · sleeps 6 | $56,151 | $200 | 77% | 5★ (76) | 0.3 mi | AirbnbVrbo |
5 IndoorPoolFireplaceFireTblHot TubPS5Bears Chalet | 2 bd · 2 ba · sleeps 5 | $75,216 | $529 | 39% | — | 0.3 mi | 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
Est. revenue
$56,070
NOI
$31,394
Cash flow /mo
$2,616
Cash needed
$562,000
Cash-on-cash (all cash)
5.6%
ROE (yr 1)
8.4%
Cap rate
6.0%
DSCR
—
Year-1 write-off
$126,891
Year-1 tax shield @ 32%
$40,605
Year-1 return on equity
- Cash flow (annual)$31,394
- Principal paydown (n/a, cash)$0
- Appreciation at%$15,750
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)$11,214
- Platform fees (3% of revenue)$1,682
- Maintenance / capex (5% of revenue)$2,804
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,626
- Insurance (STR-rated)$3,150
Cash needed to close
- Purchase price (all cash)$525,000
- Closing costs (4.0%)$21,000
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$40,605
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
$439,000
Short-life (5/15-yr)
$111,000 · 25%
Year-1 deduction
$127,000
Year-1 tax shield @ 32%
$41,000
Land 16% (county tax record, market value split) · building $329,000 over 39 years · new furniture $16,000
Based on: 1,008 sq ft, built 2016, 2 bd / 2 ba, unfurnished, listing features (hot tub, deck, fireplace, flooring types, appliance list, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $82,000 in year 1 (15% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $13,300
Kitchen cabinetsdefault
$8,000 new × 60% good × 2.76 allocation
- $10,900
Kitchen countertopsdefault
$6,600 new × 60% good × 2.76 allocation
- $2,900
Decorative trimdefault
$1,800 new × 60% good × 2.76 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.76 allocation
- $1,500
Shelvingdefault
$900 new × 60% good × 2.76 allocation
- $2,800
Window coverings (10)default
$2,500 new × 40% good × 2.76 allocation
- $13,800
Kitchen & laundry equipment plumbingdefault
$6,200 new × 80% good × 2.76 allocation
- $8,300
Kitchen, laundry & data equipment electricaldefault
$3,800 new × 80% good × 2.76 allocation
- $8,500
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 2.76 allocation
- $9,900
Hot tub (freestanding)listing
$9,000 new × 40% good × 2.76 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $10,900
Paving: driveway & walks (paved)default
$6,600 new × 60% good × 2.76 allocation
- $5,200
Landscaping (minimal)listing
$3,200 new × 60% good × 2.76 allocation
- $1,700
Patiosdefault
$1,000 new × 60% good × 2.76 allocation
- $4,800
Irrigationlisting
$3,500 new × 50% good × 2.76 allocation
- $15,700
Decks & porches (attached)listing
$11,300 new × 50% good × 2.76 allocation
- $250,900
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$108,900 new × 83% good × 2.76 allocation
- $24,900
Building plumbing & fixturesdefault
$11,300 new × 80% good × 2.76 allocation
- $22,200
Building electrical & lightingdefault
$10,000 new × 80% good × 2.76 allocation
- $15,700
HVACdefault
$11,400 new × 50% good × 2.76 allocation
- $10,800
Hardwood & tile floorsdefault
$6,500 new × 60% good × 2.76 allocation
- $4,400
Fireplacelisting
$2,600 new × 60% good × 2.76 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $88,200 | $38,300 | $400 | $126,900 |
| 2 | $0 | $0 | $8,400 | $8,400 |
| 3 | $0 | $0 | $8,400 | $8,400 |
| 4 | $0 | $0 | $8,400 | $8,400 |
| 5 | $0 | $0 | $8,400 | $8,400 |
| 6+ | $0 | $0 | $294,800 | $294,800 |
| Total | $88,200 | $38,300 | $328,800 | $455,400 |
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.