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Rate 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

2360 Goldrush Rd

2360 Goldrush Rd

Pigeon Forge, TN 37863

$329,900

3 bd · 2 ba · 1,616 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

1975

Sqft

1,616

Lot sqft

26,572

HOA / mo

None

Furnished

No

List date

2026-11-02T18:50:03.000000Z

Revenue

Annual revenue

$35,612

ADR

$238

Occupancy

41%

Cleaning fees (12 mo)

$5,953

Confidence

Low (42.62), 30 comps

Comp revenue range (p25 / median / p75)

$24,020$36,101$42,370

Median revenue of shown comps: $34,526

  • Secluded Woodland Getaway in the Heart of Pigeon Forge, Minutes from Dollywood!

    House · 3 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $37,904ADR $183Occ ≈ 57%4.5★ (183)

    Vrbo

  • Pigeon Forge 120 - Three Bedroom Villa, Sleeps 10

    Villa · 3 bd · 3 ba · sleeps 10 · 0.3 mi

    Revenue $4,610ADR $192Occ ≈ 7%—

    Vrbo

  • Pinnacle View 7A a 3BR unit in Pigeon Forge

    Condominium (condo) · 3 bd · 3 ba · sleeps 10 · 0.3 mi

    Revenue $23,530ADR $244Occ ≈ 26%4.5★ (99)

    AirbnbVrboBooking

  • 3BR, minutes do Dollywood. Hot tub!

    Condominium (condo) · 3 bd · 3 ba · sleeps 10 · 0.4 mi

    Revenue $25,490ADR $245Occ ≈ 29%4.2★ (117)

    AirbnbVrboBooking

  • 3BR, Close to Dollywood, sleeps 10, hot tub!

    Chalet · 3 bd · 3 ba · sleeps 10 · 0.4 mi

    Revenue $38,328ADR $229Occ ≈ 46%4.5★ (115)

    AirbnbVrboBooking

  • Pigeon Forge Cabin Retreat Right in Downtown!

    Condominium (condo) · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $40,516ADR $503Occ ≈ 22%5★ (1)

    AirbnbVrbo

  • 3bd-2ba/Dollywood/GSMNP/Pigeon Forge/Gatlinburg

    House · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $36,117ADR $173Occ ≈ 57%5★ (182)

    AirbnbVrbo

  • Dolly's Harmony Haven: Pets OK, close to Dollywood

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    Revenue $32,935ADR $371Occ ≈ 24%5★ (16)

    AirbnbVrboBooking

  • NEW! Dolly's Harmony Haven

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    Revenue $8,584ADR $400Occ ≈ 6%—

    Vrbo

  • *Walk to Dollywood*5 Min to PF* Hot Tub+Game Room

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $63,431ADR $263Occ ≈ 66%5★ (165)

    AirbnbVrbo

Show 4 more
  • Moment By Moment

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.7 mi

    Revenue $41,325ADR $210Occ ≈ 54%5★ (70)

    Airbnb

  • Pigeon Forge Hideaway By Colonial Properties

    Vacation home · 3 bd · 2 ba · sleeps 8 · 0.7 mi

    Revenue $48,268ADR $215Occ ≈ 62%5★ (4)

    Booking

  • 3 Mi to Dollywood Peaceful Cabin with Deck

    Vacation home · 3 bd · 1 ba · sleeps 6 · 0.7 mi

    Revenue $27,260ADR $188Occ ≈ 40%—

    Booking

  • Rock & Roll Cabin, Mins to Dollywood, Sleeps 6

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $16,400ADR $257Occ ≈ 17%—

    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
Term

Rate 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

Est. revenue

$35,612

NOI

$18,895

Cash flow /mo

-$239

Cash needed

$115,171

Cash-on-cash

-2.5%

ROE (yr 1)

7.9%

Cap rate

5.7%

DSCR

0.87

Year-1 write-off

$102,724

Year-1 tax shield @ 32%

$32,872

Year-1 return on equity

  • Cash flow (annual)-$2,870
  • Principal paydown$2,071
  • Appreciation at%$9,897
ROE7.9%

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)$7,122
  • Platform fees (3% of revenue)$1,068
  • Maintenance / capex (5% of revenue)$1,781
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$566
  • Insurance (STR-rated)$1,979

Cash needed to close

  • Down payment (25%)$82,475
  • Closing costs (4.0%)$13,196
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$32,872

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

$296,000

Short-life (5/15-yr)

$83,000 · 28%

Year-1 deduction

$103,000

Year-1 tax shield @ 32%

$33,000

Land 10% (county tax record, market value split) · building $213,000 over 39 years · new furniture $20,000

Based on: 1,616 sq ft, built 1975, 3 bd / 2 ba, unfurnished, listing features (deck, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $65,000 in year 1 (15% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$63,500
  • Kitchen cabinetsdefault

    $9,300 new × 40% good × 2.16 allocation

    $8,100
  • Kitchen countertopsdefault

    $7,600 new × 40% good × 2.16 allocation

    $6,600
  • Decorative trimdefault

    $2,800 new × 40% good × 2.16 allocation

    $2,400
  • Mirrorsdefault

    $300 new × 40% good × 2.16 allocation

    $300
  • Shelvingdefault

    $1,200 new × 40% good × 2.16 allocation

    $1,000
  • Window coverings (16)default

    $4,000 new × 40% good × 2.16 allocation

    $3,500
  • Carpet, vinyl & laminate (100% of floors)listing

    $10,400 new × 40% good × 2.16 allocation

    $9,000
  • Kitchen & laundry equipment plumbingdefault

    $7,300 new × 40% good × 2.16 allocation

    $6,300
  • Kitchen, laundry & data equipment electricaldefault

    $4,400 new × 40% good × 2.16 allocation

    $3,800
  • Appliances (range, microwave, dishwasher)listing

    $3,500 new × 40% good × 2.16 allocation

    $3,000
  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$39,000
  • Paving: driveway & walks (paved)default

    $8,300 new × 50% good × 2.16 allocation

    $9,000
  • Landscaping (typical)default

    $8,000 new × 50% good × 2.16 allocation

    $8,700
  • Patiosdefault

    $1,600 new × 50% good × 2.16 allocation

    $1,700
  • Decks & porches (attached)listing

    $18,200 new × 50% good × 2.16 allocation

    $19,600
Building, 39-year$213,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $175,100 new × 40% good × 2.16 allocation

    $151,300
  • Building plumbing & fixturesdefault

    $18,200 new × 40% good × 2.16 allocation

    $15,700
  • Building electrical & lightingdefault

    $17,800 new × 40% good × 2.16 allocation

    $15,300
  • HVACdefault

    $18,200 new × 40% good × 2.16 allocation

    $15,700
  • Fireplacelisting

    $2,600 new × 40% good × 2.16 allocation

    $2,300
  • Septic systemlisting

    $12,000 new × 50% good × 2.16 allocation

    $13,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$63,500$39,000$200$102,700
2$0$0$5,500$5,500
3$0$0$5,500$5,500
4$0$0$5,500$5,500
5$0$0$5,500$5,500
6+$0$0$191,200$191,200
Total$63,500$39,000$213,300$315,800

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.