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Rate 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium

850 Maple Hill Way

850 Maple Hill Way

Gatlinburg, TN 37738

$679,900

2 bd · 2.5 ba · 1,960 sqft · Listed 7d ago

View on Realtor.com →
Negative cash flow

Year built

1991

Sqft

1,960

Lot sqft

83,200

HOA / mo

$0

Furnished

No

List date

2026-11-05T16:05:58.000000Z

Revenue

Annual revenue

$49,837

ADR

$221

Occupancy

62%

Cleaning fees (12 mo)

$10,017

Confidence

Low (50.61), 46 comps

Comp revenue range (p25 / median / p75)

$34,725$51,707$59,975

Median revenue of shown comps: $51,004

  • Bigfoots Retreat: WiFi/Hot Tub/Pool Table

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

    Revenue $46,784ADR $210Occ ≈ 61%4.8★ (24)

    Delisted

  • Bigfoots Retreat

    Vacation home · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $28,047ADR $2,052Occ ≈ 4%5★ (1)

    Booking

  • Secluded Cabin! Wow View! 2 Master Suites! Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    • Hot tub
    • A/C
    • Wifi
    • Kitchen
    • +2

    Revenue $114,837ADR $339Occ ≈ 93%4.9★ (263)

    AirbnbVrbo

  • Dog Friendly Cabin with Private Pool & Putt Putt

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +7

    Revenue $97,255ADR $397Occ ≈ 67%4.7★ (11)

    AirbnbVrbo

  • Stunning Mountain View! HotTub! Clean!

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.2 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $75,749ADR $224Occ ≈ 93%5★ (132)

    Airbnb

  • Bigfoots Retreat: WiFi/Hot Tub/Pool Table

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

    Revenue $54,579ADR $234Occ ≈ 64%4.7★ (19)

    AirbnbBooking

  • Direct Mount LeConte Views | Gatlinburg | Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $52,822ADR $264Occ ≈ 55%4.8★ (68)

    AirbnbVrbo

  • StayatShala: Grand Views, Secluded & Hot Tub

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $42,342ADR $240Occ ≈ 48%4.6★ (269)

    AirbnbVrbo

  • 2BR, Game & Movie Room,10mins to PKWY!

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $46,767ADR $279Occ ≈ 46%4.8★ (110)

    AirbnbVrboBooking

  • 8 mi to Dollywood-Hot Tub-Game Room-King&Queen bed

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $58,074ADR $267Occ ≈ 60%4.9★ (79)

    AirbnbVrboBooking

Show 28 more
  • The Mason Jar Lodge

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $52,997ADR $261Occ ≈ 56%5★ (419)

    Airbnb

  • Awesome Mountain Views/Near DwTn Gatlinburg/HotTub

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $53,293ADR $205Occ ≈ 71%4.8★ (593)

    AirbnbVrbo

  • Over $700 in Free Tickets Creekside Fiber-Internet

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +2

    Revenue $30,112ADR $215Occ ≈ 38%4.4★ (46)

    AirbnbVrboBooking

  • Breathtaking Smoky Mntn Views | Cozy Hot Tub Cabin

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +5

    Revenue $44,003ADR $204Occ ≈ 59%4.8★ (257)

    Airbnb

  • Stairway To Heaven - Hot Tub, Sleeps 6

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +3

    Revenue $51,707ADR $213Occ ≈ 67%4.5★ (33)

    AirbnbVrboBooking

  • Stunning Views Of Mt. LeConte/Near DwTn Gatlinburg

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $74,730ADR $223Occ ≈ 92%4.8★ (669)

    AirbnbVrbo

  • Fun Cabin with Swimming | Pets Allowed!

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +7

    Revenue $90,913ADR $380Occ ≈ 66%4.6★ (17)

    AirbnbVrbo

  • Bear's Den in Pigeon Forge #unforgettable 2 bedroom w/ Gameroom & Full Theater!

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.4 mi

    Revenue $41,609ADR $175Occ ≈ 65%4★ (118)

    Delisted

  • Amazing Log Chalet, Scenic, Mountain View’s, Quiet

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +5

    Revenue $49,226ADR $205Occ ≈ 66%5★ (335)

    AirbnbVrbo

  • "Two Cubs Den" 2 Bedroom Cabin

    House · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $8,562ADR $335Occ ≈ 7%—

    AirbnbVrbo

  • Charming Cabin Retreat

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $15,096ADR $235Occ ≈ 18%4.5★ (2)

    AirbnbVrbo

  • A Little SHINE, A Lot of CHARM! Hot Tub/Gameroom

    Cabin · 2 bd · 3 ba · sleeps 8 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $34,725ADR $277Occ ≈ 34%5★ (93)

    AirbnbVrbo

  • Hot tub*privacy*peaceful nature at Smoky’s Retreat

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $51,726ADR $233Occ ≈ 61%5★ (52)

    Airbnb

  • Pet Friendly Property with Private Pool!

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $85,653ADR $376Occ ≈ 62%4.4★ (12)

    AirbnbVrbo

  • Gatlinburg Log Cabin Mtn Views Internet Theater Rm

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Kitchen
    • +2

    Revenue $26,485ADR $268Occ ≈ 27%4.5★ (32)

    AirbnbVrboBooking

  • Owl's Nest |Gatlinburg Cabin • Hot Tub • Game Room

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $47,280ADR $236Occ ≈ 55%5★ (31)

    AirbnbVrboBooking

  • Beautiful summer get away! 2bed/ 2 bath + pullout

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $62,848ADR $215Occ ≈ 80%4.9★ (222)

    AirbnbVrbo

  • Baby Bear Valley - Peaceful Gatlinburg Retreat

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $41,221ADR $202Occ ≈ 56%4.9★ (25)

    AirbnbVrboBooking

  • Cozy & Clean! Location! 5 miles to G’burg Strip

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +5

    Revenue $54,603ADR $255Occ ≈ 59%5★ (139)

    AirbnbVrbo

  • Summit Views | Hot Tub, Sauna, Fire Pit & Games

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $28,910ADR $304Occ ≈ 26%4.9★ (23)

    AirbnbVrboBooking

  • 10 Mins to town • Hot Tub & Views • Cabin

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $50,301ADR $180Occ ≈ 77%4.8★ (172)

    Airbnb

  • Smoky Mountain Cabin: Perfect Central Location

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $5,744ADR $169Occ ≈ 9%5★ (1)

    Airbnb

  • Ultimate Retreat. Minutes to Gatlbg and PFrge!

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +5

    Revenue $74,875ADR $243Occ ≈ 84%5★ (195)

    AirbnbVrbo

  • Cozy Family Cabin Between Gatlinburg & Pigeon Forg

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $5,947ADR $849Occ ≈ 2%—

    Delisted

  • Free Tix,PetFriendly, Hot Tub,Jacuzzi,

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $57,567ADR $252Occ ≈ 63%3.6★ (3)

    Airbnb

  • Sleeps 8 | Screened Hot Tub | 2 Ensuite Baths

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $59,975ADR $269Occ ≈ 61%4.7★ (26)

    Airbnb

  • Fall into great outdoors! Enjoy our updated cabin

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $55,545ADR $234Occ ≈ 65%5★ (168)

    AirbnbVrbo

  • Moonlight & Magnolias*Gatlinburg*Pet-Friendly

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $35,445ADR $227Occ ≈ 43%4.7★ (3)

    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

Financing
Management
Term

Rate 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium

Est. revenue

$49,837

NOI

$26,888

Cash flow /mo

-$1,476

Cash needed

$219,171

Cash-on-cash

-8.1%

ROE (yr 1)

3.2%

Cap rate

4.0%

DSCR

0.60

Year-1 write-off

$181,285

Year-1 tax shield @ 32%

$58,011

Year-1 return on equity

  • Cash flow (annual)-$17,713
  • Principal paydown$4,319
  • Appreciation at%$20,397
ROE3.2%

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)$9,967
  • Platform fees (3% of revenue)$1,495
  • Maintenance / capex (5% of revenue)$2,492
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$715
  • Insurance (STR-rated)$4,079

Cash needed to close

  • Down payment (25%)$169,975
  • Closing costs (4.0%)$27,196
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$58,011

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

$574,000

Short-life (5/15-yr)

$159,000 · 28%

Year-1 deduction

$181,000

Year-1 tax shield @ 32%

$58,000

Land 16% (county tax record, market value split) · building $415,000 over 39 years · new furniture $22,000

Based on: 1,960 sq ft, built 1991, 2 bd / 2.5 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $113,000 in year 1 (16% short-life, $36,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$117,000
  • Kitchen cabinetsdefault

    $10,100 new × 40% good × 3.40 allocation

    $13,700
  • Kitchen countertopsdefault

    $8,300 new × 40% good × 3.40 allocation

    $11,200
  • Decorative trimdefault

    $3,400 new × 40% good × 3.40 allocation

    $4,700
  • Mirrorsdefault

    $300 new × 40% good × 3.40 allocation

    $400
  • Shelvingdefault

    $900 new × 40% good × 3.40 allocation

    $1,200
  • Window coverings (20)default

    $5,000 new × 40% good × 3.40 allocation

    $6,800
  • Carpet, vinyl & laminate (100% of floors)listing

    $12,600 new × 40% good × 3.40 allocation

    $17,100
  • Kitchen & laundry equipment plumbingdefault

    $7,900 new × 40% good × 3.40 allocation

    $10,700
  • Kitchen, laundry & data equipment electricaldefault

    $4,700 new × 40% good × 3.40 allocation

    $6,500
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 3.40 allocation

    $10,500
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 3.40 allocation

    $12,200
  • Furniture bought newlisting

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

    $16,000
  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$63,800
  • Paving: driveway & walks (paved)default

    $9,200 new × 50% good × 3.40 allocation

    $15,600
  • Landscaping (minimal)listing

    $4,400 new × 50% good × 3.40 allocation

    $7,500
  • Patiosdefault

    $1,900 new × 50% good × 3.40 allocation

    $3,300
  • Decks & porches (attached)listing

    $22,100 new × 50% good × 3.40 allocation

    $37,500
Building, 39-year$415,500
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $213,000 new × 42% good × 3.40 allocation

    $301,500
  • Building plumbing & fixturesdefault

    $22,100 new × 40% good × 3.40 allocation

    $30,000
  • Building electrical & lightingdefault

    $22,100 new × 40% good × 3.40 allocation

    $30,100
  • HVACdefault

    $22,100 new × 40% good × 3.40 allocation

    $30,000
  • Fireplacelisting

    $2,600 new × 40% good × 3.40 allocation

    $3,600
  • Septic systemlisting

    $12,000 new × 50% good × 3.40 allocation

    $20,400

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$117,000$63,800$400$181,300
2$0$0$10,700$10,700
3$0$0$10,700$10,700
4$0$0$10,700$10,700
5$0$0$10,700$10,700
6+$0$0$372,400$372,400
Total$117,000$63,800$415,500$596,300

The building's share of the price ($574,000) is 3.4x our depreciated replacement cost of the home ($169,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.

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.