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Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

1704 Hidden Hills Rd Apt 512

1704 Hidden Hills Rd Apt 512

Gatlinburg, TN 37738

$499,900

2 bd · 2 ba · 2,447 sqft · Listed 1d ago

View on Realtor.com →
High HOANegative cash flow

Year built

1987

Sqft

2,447

Lot sqft

436

HOA / mo

$627

Furnished

No

List date

2026-10-02T19:25:46.000000Z

Revenue

Annual revenue

$47,217

ADR

$220

Occupancy

59%

Cleaning fees (12 mo)

$8,312

Confidence

Med (60.83), 50 comps

Comp revenue range (p25 / median / p75)

$31,859$42,439$56,987

Median revenue of shown comps: $45,319

  • Wraparound Porch & Jacuzzi: Gatlinburg Cabin!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $53,502ADR $270Occ ≈ 54%5★ (183)

    AirbnbVrboBooking

  • Romantic Escapes in Tennessee in this Lovely Cabin with Hot Tub in Gatlinburg

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.1 mi

    Revenue $13,444ADR $461Occ ≈ 8%—

    VrboBooking

  • Relaxation, Amenities, Free Tickets, Gatlinburg

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.1 mi

    Revenue $49,330ADR $223Occ ≈ 61%5★ (9)

    AirbnbVrboBooking

  • Bearfoot Landing - Rustic 2 Br Cabin with Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.1 mi

    Revenue $57,329ADR $275Occ ≈ 57%5★ (5)

    AirbnbVrbo

  • Let's play pool, Walk to the pool, Free Dollywood

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.1 mi

    Revenue $33,279ADR $203Occ ≈ 45%4.5★ (3)

    AirbnbBooking

  • Book for fall now! Enjoy our hot tub and deck!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $50,883ADR $235Occ ≈ 59%4.9★ (165)

    AirbnbVrbo

  • 2 Bdrm Cabin Hot Tub Pool Table WiFi Roku Fireplac

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

    Revenue $34,562ADR $180Occ ≈ 53%4.8★ (282)

    Airbnb

  • Luxury Gatlinburg cabin/hot-tub/3 miles downtown

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

    Revenue $65,200ADR $210Occ ≈ 85%4.9★ (326)

    AirbnbVrbo

  • Updated+Affordable~Great Reviews! Hot Tub Arcade

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

    Revenue $52,532ADR $257Occ ≈ 56%5★ (210)

    AirbnbVrbo

  • 2 Bdrm Cabin Hot Tub Shuffle Bd Fireplac WiFi Roku

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

    Revenue $35,764ADR $194Occ ≈ 51%4.9★ (298)

    Airbnb

Show 38 more
  • Free tickts,new 2 BD,hot tub,Gatlinburg, views!

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

    Revenue $58,281ADR $219Occ ≈ 73%5★ (14)

    Airbnb

  • Free Dollywood Tix/Pool/Arcade/HotTub/A+Location

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $59,941ADR $223Occ ≈ 74%4.9★ (88)

    AirbnbVrbo

  • Classic Family Cabin w/Relaxing Covered Porches

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

    Revenue $59,284ADR $220Occ ≈ 74%5★ (184)

    AirbnbVrbo

  • Free Tickets! 2 bd/2bth,by pool,HT, Gatlinburg

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $61,340ADR $279Occ ≈ 60%4.9★ (13)

    Airbnb

  • Fantastic Log Cabin with Barbecue and Hot-tub in Gatlinburg, Tennessee

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

    Revenue $10,382ADR $381Occ ≈ 7%—

    VrboBooking

  • Gorgeous 2/2 in Gatlinburg w/Free Tickts to Dollywood,Anakeesta,Aquarium,Zipline

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

    Revenue $16,623ADR $176Occ ≈ 26%4.5★ (2)

    Vrbo

  • Free Tickets,Sauna,Cold Plunge,Gatlinburg, 1 level

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

    Revenue $31,038ADR $258Occ ≈ 33%5★ (17)

    AirbnbBooking

  • New! Misty Mountain Getaway - 2 Bedroom

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

    Revenue $40,253ADR $311Occ ≈ 35%—

    Airbnb

  • Bear’s Den: Near Downtown Gatlinburg & Rocky Top

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $27,578ADR $183Occ ≈ 41%5★ (61)

    AirbnbVrboBooking

  • NEW LISTING! 23 The Cub House - 2 Bedrooms, 2 Baths, Sleeps 4

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

    Revenue $17,787ADR $177Occ ≈ 28%3.9★ (5)

    AirbnbBooking

  • Gatlinburg | Dog Friendly | Easy Access

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

    Revenue $46,012ADR $267Occ ≈ 47%4.7★ (13)

    AirbnbVrbo

  • 2 bed,pets,Pooltable,Freetx2Dollywood,Anakeesta,GB

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.2 mi

    Revenue $51,877ADR $325Occ ≈ 44%—

    AirbnbVrbo

  • Black Bear Retreat 2 Beds!

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

    Revenue $44,625ADR $338Occ ≈ 36%—

    AirbnbBooking

  • Treehouse Retreat | Hot Tub| Pool ~3 Miles to Pkwy

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.2 mi

    Revenue $38,038ADR $217Occ ≈ 48%5★ (38)

    Airbnb

  • Hidden Dreams | Cozy + Hot Tub

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

    Revenue $39,957ADR $224Occ ≈ 49%4.7★ (27)

    AirbnbVrbo

  • Hidden Treasure | Near Downtown Gatlinburg

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

    Revenue $37,199ADR $229Occ ≈ 45%4.7★ (27)

    AirbnbVrbo

  • Hidden View | Hot Tub + Cozy Cabin

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

    Revenue $31,386ADR $223Occ ≈ 39%4.5★ (14)

    AirbnbVrbo

  • Gorgeous Mountain Views/Near Downtown Gatlinburg

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

    Revenue $61,822ADR $232Occ ≈ 73%4.8★ (385)

    AirbnbVrbo

  • *New Cabin*| Indoor Swim Spa | Hot Tub | Game Room

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.2 mi

    Revenue $3,223ADR $268Occ ≈ 3%5★ (4)

    AirbnbVrbo

  • GBurg log cabin- hot tub, dog friendly!

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

    Revenue $58,108ADR $320Occ ≈ 50%4.5★ (17)

    AirbnbVrbo

  • Misty Mountain View - 2 Bedroom

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.2 mi

    Revenue $57,077ADR $364Occ ≈ 43%—

    AirbnbVrboBooking

  • Hot Tub, Spacious, Location, Easy Roads!

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

    Revenue $68,484ADR $220Occ ≈ 85%5★ (315)

    AirbnbVrbo

  • Cozy cabin, perfect for a honeymoon or an adventure-filled family getaway!

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $54,363ADR $229Occ ≈ 65%5★ (198)

    Vrbo

  • Cubs In the Treetops Log Cabin

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

    Revenue $48,996ADR $267Occ ≈ 50%4.4★ (5)

    AirbnbVrboBooking

  • 2/2 FreetiktstoAnakeesta,Dollywd,GMROOM-Gatlinburg

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

    Revenue $33,959ADR $202Occ ≈ 46%—

    AirbnbBooking

  • Near Downtown Gatlinburg/Beautiful Views/Hot Tub

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

    Revenue $72,004ADR $239Occ ≈ 83%4.8★ (372)

    AirbnbVrbo

  • Awesome Mountain Views/Near Downtown Gatlinburg

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

    Revenue $66,260ADR $238Occ ≈ 76%4.8★ (374)

    AirbnbVrbo

  • Hidden Charm | Hot Tub + Near Downtown Gatlinburg

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

    Revenue $29,509ADR $219Occ ≈ 37%4.5★ (22)

    AirbnbVrbo

  • Gburg Cabin | Sleeps 4 | Free Anakeesta Ticket

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

    Revenue $39,589ADR $258Occ ≈ 42%4.9★ (36)

    AirbnbVrboBooking

  • Sleeps 4, Gatlinburg Cabin with Hot Tub, 2 Scenic

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

    Revenue $36,634ADR $245Occ ≈ 41%4.8★ (28)

    AirbnbVrboBooking

  • Gatlinburg Cabin: Sleeps 6; Mountain Views; HotTub

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

    Revenue $36,079ADR $222Occ ≈ 45%4.5★ (32)

    AirbnbVrboBooking

  • 2 BR w/ King Beds, Arcade Game, Pool Table, Luxury

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

    Revenue $48,544ADR $278Occ ≈ 48%4.8★ (38)

    AirbnbVrboBooking

  • 210 Cubs in the Treetops - 2 Bedrooms, 2 Baths, Sleeps 6

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

    Revenue $38,174ADR $217Occ ≈ 48%4.7★ (13)

    AirbnbBooking

  • Tranquil View by American Patriot Getaways

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $55,149ADR $277Occ ≈ 55%—

    Booking

  • Precious View by American Patriot Getaways

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $65,150ADR $280Occ ≈ 64%—

    Booking

  • Mountain Views | Hot Tub + Comm Pool | Near Dwntwn

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

    Revenue $56,717ADR $225Occ ≈ 69%4.9★ (57)

    AirbnbVrbo

  • 2/2 Gorgeous! Freetickets2Dolly, Anakees, Aquar, Gatlin

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

    Revenue $20,452ADR $253Occ ≈ 22%—

    AirbnbVrbo

  • Sauna, Cold Plunge, Arcade, Bears, Pool, Free Pass

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

    Revenue $25,362ADR $306Occ ≈ 23%—

    Airbnb

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 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

Est. revenue

$47,217

NOI

$18,130

Cash flow /mo

-$1,248

Cash needed

$160,971

Cash-on-cash

-9.3%

ROE (yr 1)

1.9%

Cap rate

3.6%

DSCR

0.55

Year-1 write-off

$80,961

Year-1 tax shield @ 32%

$25,907

Year-1 return on equity

  • Cash flow (annual)-$14,977
  • Principal paydown$3,113
  • Appreciation at%$14,997
ROE1.9%

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)$9,443
  • Platform fees (3% of revenue)$1,417
  • Maintenance / capex (5% of revenue)$2,361
  • Utilities & supplies$4,200
  • HOA$7,524
  • Property tax$1,143
  • Insurance (STR-rated)$2,999

Cash needed to close

  • Down payment (25%)$124,975
  • Closing costs (4.0%)$19,996
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$25,907

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

$441,000

Short-life (5/15-yr)

$65,000 · 15%

Year-1 deduction

$81,000

Year-1 tax shield @ 32%

$26,000

Land 12% (county tax record, market value split) · building $377,000 over 39 years · new furniture $16,000

Based on: 2,447 sq ft, built 1987, 2 bd / 2 ba, unfurnished, listing features (fireplace, flooring types, appliance list, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $54,000 in year 1 (9% short-life, $17,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$80,600
  • Kitchen cabinetsdefault

    $11,200 new × 40% good × 2.62 allocation

    $11,700
  • Kitchen countertopsdefault

    $9,100 new × 40% good × 2.62 allocation

    $9,600
  • Decorative trimdefault

    $4,300 new × 40% good × 2.62 allocation

    $4,500
  • Mirrorsdefault

    $300 new × 40% good × 2.62 allocation

    $300
  • Shelvingdefault

    $900 new × 40% good × 2.62 allocation

    $900
  • Window coverings (24)default

    $6,000 new × 40% good × 2.62 allocation

    $6,300
  • Carpet, vinyl & laminate (50% of floors)listing

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

    $8,200
  • Kitchen & laundry equipment plumbingdefault

    $8,700 new × 40% good × 2.62 allocation

    $9,100
  • Kitchen, laundry & data equipment electricaldefault

    $5,300 new × 40% good × 2.62 allocation

    $5,500
  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)listing

    $8,100 new × 40% good × 2.62 allocation

    $8,500
  • Furniture bought newlisting

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

    $16,000
Building, 39-year$376,800
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $266,200 new × 40% good × 2.62 allocation

    $278,500
  • Building plumbing & fixturesdefault

    $27,600 new × 40% good × 2.62 allocation

    $28,800
  • Building electrical & lightingdefault

    $28,300 new × 40% good × 2.62 allocation

    $29,600
  • HVACdefault

    $27,600 new × 40% good × 2.62 allocation

    $28,800
  • Hardwood & tile floorsdefault

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

    $8,200
  • Fireplacelisting

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

    $2,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$80,600$0$400$81,000
2$0$0$9,700$9,700
3$0$0$9,700$9,700
4$0$0$9,700$9,700
5$0$0$9,700$9,700
6+$0$0$337,800$337,800
Total$80,600$0$376,800$457,400

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.