1121 Lower Alpine Way
Gatlinburg, TN 37738
$425,000
4 bd · 3.5 ba · 1,977 sqft · Listed 2d ago
View on Realtor.com →Year built
1987
Sqft
1,977
Lot sqft
14,810
HOA / mo
$52
Furnished
No
List date
2026-10-31T12:03:54.000000Z
Revenue
Annual revenue
$65,242
ADR
$324
Occupancy
55%
Cleaning fees (12 mo)
$10,462
Confidence
Med (53.63), 50 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $56,742
Up the Creek by American Patriot Getaways
Vacation home · 4 bd · 3 ba · sleeps 10 · 476 ft
Revenue $101,257ADR $340Occ ≈ 82%5★ (1)
Pool Access, Hot Tub, W/D, Fireplace, Pets Free
Chalet · 4 bd · 2.5 ba · sleeps 12 · 0.1 mi
Revenue $79,250ADR $311Occ ≈ 70%4.8★ (155)
Delisted
New Listing Special at Hawk Nest Chalet
Chalet · 4 bd · 2.5 ba · sleeps 12 · 0.1 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $26,087ADR $338Occ ≈ 21%5★ (16)
Starry Nights Luxury 4Br Log Cabin with Mt. LeConte Views & Hot Tub – Sleeps 12
Cabin · 4 bd · 4.5 ba · sleeps 12 · 0.1 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $53,437ADR $538Occ ≈ 27%5★ (5)
Three Bears Lodge - Outdoor Hot Tub, Game Room, Pet Friendly + Chalet Village Resort Access
Vacation home · 4 bd · 4 ba · sleeps 10 · 0.1 mi
Revenue $44,910ADR $258Occ ≈ 48%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Private 3 Levels-2 mile to G'burg & GSMNP-3 Pools Cabin
| 4 bd · 2.5 ba · sleeps 10 | $32,888 | $299 | 30% | 4.6★ (52) | 177 ft | AirbnbVrbo |
Dogs welcome, hot tub, pool table, Gatlinburg! House
| 4 bd · 3 ba · sleeps 10 | $65,835 | $543 | 33% | 4.3★ (38) | 430 ft | AirbnbVrbo |
Up the Creek by American Patriot Getaways Vacation home | 4 bd · 3 ba · sleeps 10 | $101,257 | $340 | 82% | 5★ (1) | 476 ft | Booking |
Pool Access, Hot Tub, W/D, Fireplace, Pets Free Chalet | 4 bd · 2.5 ba · sleeps 12 | $79,250 | $311 | 70% | 4.8★ (155) | 0.1 mi | Delisted |
New Listing Special at Hawk Nest Chalet Chalet
| 4 bd · 2.5 ba · sleeps 12 | $26,087 | $338 | 21% | 5★ (16) | 0.1 mi | Airbnb |
Starry Nights Luxury 4Br Log Cabin with Mt. LeConte Views & Hot Tub – Sleeps 12 Cabin
| 4 bd · 4.5 ba · sleeps 12 | $53,437 | $538 | 27% | 5★ (5) | 0.1 mi | Vrbo |
3 Miles to DTWN & GSMNP • Secluded• HotTub •3Pools Cabin
| 4 bd · 2.5 ba · sleeps 10 | $40,325 | $322 | 34% | 5★ (29) | 0.1 mi | AirbnbVrbo |
The Whittier Cabin 4 Bed Cabin Amazing Views Cabin
| 4 bd · 3.5 ba · sleeps 10 | $86,127 | $387 | 61% | 5★ (105) | 0.1 mi | AirbnbVrbo |
Three Bears Lodge - Outdoor Hot Tub, Game Room, Pet Friendly + Chalet Village Resort Access Vacation home | 4 bd · 4 ba · sleeps 10 | $44,910 | $258 | 48% | — | 0.1 mi | Booking |
Cabin w/ Hot Tub: 2 Mi to Downtown Gatlinburg! House
| 4 bd · 3 ba · sleeps 9 | $43,531 | $364 | 33% | 4.3★ (142) | 0.1 mi | AirbnbVrboBooking |
Show 21 more
Cubby Bear, Free Attraction Tickets, Game Room, Hot Tub, seasonal pool Access, WIFI!!!
Chalet · 4 bd · 4 ba · sleeps 12 · 0.1 mi
Revenue $52,246ADR $364Occ ≈ 39%—
Cubby Bear, Free Tickets, Game Room, Hot Tub, WIFI
Cabin · 4 bd · 4.5 ba · sleeps 12 · 0.1 mi
Revenue $101,308ADR $435Occ ≈ 64%4★ (12)
Gatlinburg & Great Smoky Mountains NP, 5 min.; Ober Gatlinburg 3 min.; Pet-free
Chalet · 4 bd · 2.5 ba · sleeps 9 · 0.2 mi
Revenue $43,274ADR $238Occ ≈ 50%4.8★ (214)
Delisted
Positive Altitudes by American Patriot Getaways
Vacation home · 4 bd · 3 ba · sleeps 9 · 0.2 mi
Revenue $45,252ADR $246Occ ≈ 50%3.2★ (2)
Right next to Ober and HOA Pool, game room
Chalet · 4 bd · 3 ba · sleeps 10 · 0.2 mi
Revenue $88,707ADR $288Occ ≈ 84%5★ (18)
Stunning Mountain Views! 2Mi to Downtown & Park!
Cabin · 4 bd · 3 ba · sleeps 10 · 0.3 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $42,460ADR $435Occ ≈ 27%4.6★ (13)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Bear Sanctuary - Authentic Log Cabin Cabin
| 4 bd · 4 ba · sleeps 12 | $92,937 | $409 | 62% | 4.9★ (251) | 0.1 mi | AirbnbVrbo |
Cubby Bear, Free Attraction Tickets, Game Room, Hot Tub, seasonal pool Access, WIFI!!! Chalet | 4 bd · 4 ba · sleeps 12 | $52,246 | $364 | 39% | — | 0.1 mi | Booking |
Cubby Bear, Free Tickets, Game Room, Hot Tub, WIFI Cabin | 4 bd · 4.5 ba · sleeps 12 | $101,308 | $435 | 64% | 4★ (12) | 0.1 mi | Airbnb |
Gatlinburg: 4 King Ensuites, Hot Tub, Pool Table Cabin
| 4 bd · 4.5 ba · sleeps 12 | $56,148 | $415 | 37% | 4.8★ (4) | 0.1 mi | AirbnbVrbo |
Big Bear Chalet House
| 4 bd · 4.5 ba · sleeps 10 | $84,851 | $431 | 54% | 5★ (40) | 0.2 mi | AirbnbVrbo |
Gatlinburg & Great Smoky Mountains NP, 5 min.; Ober Gatlinburg 3 min.; Pet-free Chalet | 4 bd · 2.5 ba · sleeps 9 | $43,274 | $238 | 50% | 4.8★ (214) | 0.2 mi | Delisted |
Escape to St Moritz in the heart of Gatlinburg, Cabin
| 4 bd · 3 ba · sleeps 10 | $16,346 | $409 | 11% | 3★ (2) | 0.2 mi | AirbnbVrbo |
Bearfoot Getaway – Hot Tub, Games, Resort Pools Cabin
| 4 bd · 3.5 ba · sleeps 13 | $81,261 | $446 | 50% | 4.8★ (26) | 0.2 mi | AirbnbVrboBooking |
Cozy Escape • Gatlinburg • Hot Tub, Games & Views Cabin | 4 bd · 2.5 ba · sleeps 10 | $80,416 | $339 | 65% | 5★ (32) | 0.2 mi | AirbnbBooking |
Positive Altitudes by American Patriot Getaways Vacation home | 4 bd · 3 ba · sleeps 9 | $45,252 | $246 | 50% | 3.2★ (2) | 0.2 mi | Booking |
Right next to Ober and HOA Pool, game room Chalet | 4 bd · 3 ba · sleeps 10 | $88,707 | $288 | 84% | 5★ (18) | 0.2 mi | Airbnb |
Sugar Bear Chalet w/ Hot Tub Near Ober Ski + Park House
| 4 bd · 3 ba · sleeps 12 | $48,086 | $394 | 33% | 4.8★ (10) | 0.2 mi | AirbnbVrboBooking |
Sugar Bear Chalet Chalet | 4 bd · 3 ba · sleeps 10 | $56,742 | $242 | 64% | — | 0.2 mi | Booking |
Fall Getaway-Hot Tub-Game Room-@ Ober Mtn Cabin
| 4 bd · 3 ba · sleeps 12 | $41,920 | $382 | 30% | 5★ (86) | 0.2 mi | AirbnbVrbo |
New! Hawk Nest Chalet, Hot tub, access to pool, pets ok, sleeps 12 Chalet
| 4 bd · 2.5 ba · sleeps 12 | $16,253 | $329 | 14% | — | 0.2 mi | VrboBooking |
4 ensuites| VIEWS| Summer Comm pools| By Ober Cabin
| 4 bd · 4 ba · sleeps 10 | $105,477 | $405 | 71% | 4.8★ (325) | 0.2 mi | AirbnbVrbo |
Mountain Hideaway: Hot Tub » Theater » Pool Table Cabin
| 4 bd · 4.5 ba · sleeps 10 | $83,811 | $510 | 45% | 5★ (134) | 0.2 mi | AirbnbVrbo |
BML: Luxury Cabin w/ Hot Tub & Pool Table Cabin
| 4 bd · 4 ba · sleeps 10 | $106,674 | $662 | 44% | 4.5★ (8) | 0.3 mi | AirbnbVrbo |
King of the Mountain next to OBER Gatlinburg Cabin
| 4 bd · 4.5 ba · sleeps 12 | $83,911 | $517 | 44% | 4.8★ (183) | 0.3 mi | AirbnbVrbo |
Fall Views/4 bedrooms/Ober Gburg/ Hot tub/Arcade Chalet
| 4 bd · 3.5 ba · sleeps 11 | $62,411 | $361 | 47% | 4.8★ (128) | 0.3 mi | AirbnbVrbo |
Stunning Mountain Views! 2Mi to Downtown & Park! Cabin
| 4 bd · 3 ba · sleeps 10 | $42,460 | $435 | 27% | 4.6★ (13) | 0.3 mi | 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
Rate 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium
Est. revenue
$65,242
NOI
$37,526
Cash flow /mo
$791
Cash needed
$146,250
Cash-on-cash
6.5%
ROE (yr 1)
17.0%
Cap rate
8.8%
DSCR
1.34
Year-1 write-off
$122,724
Year-1 tax shield @ 32%
$39,272
Year-1 return on equity
- Cash flow (annual)$9,486
- Principal paydown$2,668
- Appreciation at%$12,750
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)$13,048
- Platform fees (3% of revenue)$1,957
- Maintenance / capex (5% of revenue)$3,262
- Utilities & supplies$4,200
- HOA$624
- Property tax$2,074
- Insurance (STR-rated)$2,550
Cash needed to close
- Down payment (25%)$106,250
- Closing costs (4.0%)$17,000
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$39,272
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
$356,000
Short-life (5/15-yr)
$99,000 · 28%
Year-1 deduction
$123,000
Year-1 tax shield @ 32%
$39,000
Land 16% (county tax record, market value split) · building $256,000 over 39 years · new furniture $23,000
Based on: 1,977 sq ft, built 1987, 4 bd / 3.5 ba, unfurnished, listing features (deck, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $78,000 in year 1 (15% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,800
Kitchen cabinetsdefault
$10,100 new × 40% good × 2.17 allocation
- $7,200
Kitchen countertopsdefault
$8,300 new × 40% good × 2.17 allocation
- $3,000
Decorative trimdefault
$3,500 new × 40% good × 2.17 allocation
- $400
Mirrorsdefault
$500 new × 40% good × 2.17 allocation
- $1,300
Shelvingdefault
$1,500 new × 40% good × 2.17 allocation
- $4,300
Window coverings (20)default
$5,000 new × 40% good × 2.17 allocation
- $11,000
Carpet, vinyl & laminate (100% of floors)listing
$12,700 new × 40% good × 2.17 allocation
- $6,800
Kitchen & laundry equipment plumbingdefault
$7,900 new × 40% good × 2.17 allocation
- $4,100
Kitchen, laundry & data equipment electricaldefault
$4,800 new × 40% good × 2.17 allocation
- $6,700
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 2.17 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $10,000
Paving: driveway & walks (paved)default
$9,200 new × 50% good × 2.17 allocation
- $9,600
Landscaping (typical)default
$8,900 new × 50% good × 2.17 allocation
- $2,100
Patiosdefault
$2,000 new × 50% good × 2.17 allocation
- $24,100
Decks & porches (attached)listing
$22,200 new × 50% good × 2.17 allocation
- $185,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$214,100 new × 40% good × 2.17 allocation
- $19,300
Building plumbing & fixturesdefault
$22,200 new × 40% good × 2.17 allocation
- $19,400
Building electrical & lightingdefault
$22,300 new × 40% good × 2.17 allocation
- $19,300
HVACdefault
$22,300 new × 40% good × 2.17 allocation
- $13,000
Septic systemlisting
$12,000 new × 50% good × 2.17 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $76,700 | $45,800 | $300 | $122,700 |
| 2 | $0 | $0 | $6,600 | $6,600 |
| 3 | $0 | $0 | $6,600 | $6,600 |
| 4 | $0 | $0 | $6,600 | $6,600 |
| 5 | $0 | $0 | $6,600 | $6,600 |
| 6+ | $0 | $0 | $229,900 | $229,900 |
| Total | $76,700 | $45,800 | $256,400 | $378,900 |
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.