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Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

1235 Ski Mountain Rd Apt 610

1235 Ski Mountain Rd Apt 610

Gatlinburg, TN 37738

$265,000

2 bd · 2.5 ba · 1,200 sqft · Listed today

View on Realtor.com →
Negative cash flow

Year built

1982

Sqft

1,200

Lot sqft

4,356

HOA / mo

$333

Furnished

No

List date

2026-10-01T04:32:04.000000Z

Revenue

Annual revenue

$35,171

ADR

$180

Occupancy

54%

Cleaning fees (12 mo)

$7,636

Confidence

Low (41.34), 50 comps

Comp revenue range (p25 / median / p75)

$22,927$34,515$47,203
  • Ski View Condo by Beyond Expectations w/ Pool

    Condominium (condo) · 2 bd · 2.5 ba · sleeps 4 · 16 ft

    Revenue $24,234ADR $157Occ ≈ 42%4.5★ (38)

    AirbnbVrboBooking

  • Bearly Ober: Close to the Action

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 16 ft

    Revenue $24,292ADR $182Occ ≈ 37%4.5★ (51)

    AirbnbVrbo

  • Charming 2BR Chalet! Forest VIEWS in Gatlinburg!

    Condominium (condo) · 2 bd · 2 ba · sleeps 7 · 95 ft

    Revenue $43,200ADR $200Occ ≈ 59%4.8★ (186)

    AirbnbVrbo

  • Gatlinburg Condo – Steps from Ober Gatlinburg

    Apartment · 2 bd · 2 ba · sleeps 8 · 135 ft

    Revenue $21,172ADR $158Occ ≈ 37%4.8★ (87)

    AirbnbVrbo

  • Gatlinburg Chalet Getaway + Near Ober Mtn.

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 177 ft

    Revenue $18,587ADR $181Occ ≈ 28%4.8★ (23)

    AirbnbVrboBooking

  • Wonderful 2BR, Free Attraction Tickets, Game Room

    Townhouse · 2 bd · 1.5 ba · sleeps 6 · 194 ft

    Revenue $9,062ADR $141Occ ≈ 18%4.1★ (81)

    AirbnbVrboBooking

  • Near Ober Mountain, Gatlinburg, and the Great Smoky Mountain National Park.

    House · 2 bd · 2 ba · sleeps 6 · 203 ft

    Revenue $11,352ADR $149Occ ≈ 21%4.8★ (34)

    Vrbo

  • Near Ober Mountain, Gatlinburg, and the Great Smoky Mountain National Park.

    House · 2 bd · 2 ba · sleeps 6 · 217 ft

    Revenue $18,134ADR $161Occ ≈ 31%4.7★ (15)

    Vrbo

  • Near Ober Mountain, Gatlinburg, and the Great Smoky Mountain National Park.

    House · 2 bd · 1.5 ba · sleeps 6 · 217 ft

    Revenue $82,020ADR $596Occ ≈ 38%—

    Vrbo

  • Double Creek Cabin

    Cabin · 2 bd · 2 ba · sleeps 6 · 233 ft

    Revenue $35,283ADR $350Occ ≈ 28%4.8★ (97)

    AirbnbVrbo

Show all 50 comps
  • Gatlinburg Cabin Escape・Near Ober + National Park

    House · 2 bd · 1.5 ba · sleeps 6 · 279 ft

    Revenue $22,491ADR $154Occ ≈ 40%4.6★ (21)

    AirbnbVrboBooking

  • Ober Mountain Retreat

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 338 ft

    Revenue $27,085ADR $151Occ ≈ 49%4.8★ (62)

    Airbnb

  • Chalet Village! Clubhouse Access |Pools| Gameroom

    Townhouse · 2 bd · 1.5 ba · sleeps 6 · 345 ft

    Revenue $28,763ADR $211Occ ≈ 37%4.9★ (154)

    AirbnbVrbo

  • Walk to Ober Gatlinburg! Pool Access, 100+ Arcade

    House · 2 bd · 1.5 ba · sleeps 5 · 351 ft

    Revenue $34,496ADR $184Occ ≈ 51%3.7★ (26)

    AirbnbVrbo

  • Hi-Atop CondoCabin - Gatlinburg Ski Mnt

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 351 ft

    Revenue $28,683ADR $185Occ ≈ 42%4.5★ (48)

    AirbnbVrboBooking

  • Obear Mountain is a Newly Updated Condo

    Condominium (condo) · 2 bd · 2.5 ba · sleeps 8 · 495 ft

    Revenue $37,805ADR $195Occ ≈ 53%4.7★ (54)

    AirbnbVrboBooking

  • 4 Mi to Gatlinburg Strip: Serene Cabin w/ Hot Tub!

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.1 mi

    Revenue $43,053ADR $264Occ ≈ 45%4.7★ (125)

    AirbnbVrboBooking

  • 2 King Suites, Private Hot Tub ½ mile to Ober

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.1 mi

    Revenue $7,241ADR $241Occ ≈ 8%5★ (1)

    AirbnbVrbo

  • Renovated 2 bedroom king bed! Next to Ober & pool

    Townhouse · 2 bd · 1.5 ba · sleeps 6 · 0.1 mi

    Revenue $31,833ADR $218Occ ≈ 40%5★ (84)

    AirbnbVrbo

  • Cozy Cabin, Sits on Amazing Creek, Fire Pit, Close to Downtown Gatlinburg & Ober

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.1 mi

    Revenue $43,940ADR $159Occ ≈ 76%5★ (396)

    Vrbo

  • Gatlinburg Amazing Views & Bears! Private W/Hottub

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

    Revenue $21,558ADR $196Occ ≈ 30%4.8★ (388)

    AirbnbVrbo

  • Stunning & Relaxing: 5* Location - Hot Tub - Games

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $70,450ADR $240Occ ≈ 80%5★ (70)

    AirbnbVrbo

  • Lux Romantic Chalet ~ ♛King Beds ~ Hot Tub ~ Views

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

    Revenue $88,338ADR $273Occ ≈ 89%4.9★ (316)

    Airbnb

  • 'Snuggle Inn' in the Heart of Chalet Village!

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.1 mi

    Revenue $37,333ADR $191Occ ≈ 54%4.8★ (137)

    AirbnbVrbo

  • 'Snuggle Inn' in the Heart of Chalet Village!

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    Revenue $33,295ADR $171Occ ≈ 53%4.3★ (11)

    Booking

  • 2 BR cabin w/ jetted tub & free attraction tickets

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $35,122ADR $279Occ ≈ 34%4.8★ (191)

    AirbnbVrbo

  • Spacious Cabin: Mtn Views, Family-Ready

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

    Revenue $85,209ADR $305Occ ≈ 77%4.9★ (63)

    AirbnbVrboBooking

  • PROMO FOR WEEKLY STAY OF 5% Kozy Creek only 2 minutes from Ski Resort

    Chalet · 2 bd · 1.5 ba · sleeps 6 · 0.2 mi

    Revenue $17,509ADR $170Occ ≈ 28%4.7★ (191)

    Vrbo

  • Lovesick Blues

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.2 mi

    Revenue $28,048ADR $176Occ ≈ 44%4.7★ (187)

    AirbnbVrbo

  • Specials!!!

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $32,496ADR $176Occ ≈ 51%4.8★ (143)

    Vrbo

  • Sanc Song •EpicViews •HotTub •FirePit •Pool Tbl

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

    Revenue $59,939ADR $280Occ ≈ 59%4.7★ (119)

    AirbnbVrbo

  • Nordic Vista • New • Modern • Ski • Hot Tub

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

    Revenue $73,091ADR $326Occ ≈ 61%5★ (48)

    Airbnb

  • Heaven's Edge 2016 - Hot tub and views!

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

    Revenue $39,323ADR $220Occ ≈ 49%4.8★ (10)

    AirbnbVrboBooking

  • Quaint&Private | View | HotTub | PoolTable | Bears

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

    Revenue $91,469ADR $304Occ ≈ 82%4.8★ (79)

    AirbnbVrbo

  • Mtn view, arcade game, hot tub, king bed!

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

    Revenue $41,163ADR $174Occ ≈ 65%5★ (1)

    Booking

  • Alpine Overlook: Mtn Views & Free Attraction Tix

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $16,084ADR $156Occ ≈ 28%5★ (7)

    AirbnbVrboBooking

  • Momma Bears cabin, near Ober, pet friendly, Bears!

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

    Revenue $41,330ADR $199Occ ≈ 57%4.9★ (36)

    AirbnbVrbo

  • Perfect spot for all the skiing enthusiasts out there!

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

    Revenue $13,984ADR $166Occ ≈ 23%5★ (11)

    Vrbo

  • Emerald City Lights #203

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

    Revenue $83,851ADR $280Occ ≈ 82%4★ (134)

    AirbnbVrboBooking

  • Angel's Retreat · 2.6 Mi to the Smokies · Hot Tub

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

    Revenue $34,534ADR $233Occ ≈ 41%4.8★ (149)

    AirbnbVrbo

  • Nestled in the heart of Gatlinburg, "Waterfalls

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

    Revenue $49,337ADR $289Occ ≈ 47%4.9★ (11)

    AirbnbVrbo

  • Among The Clouds 2240 - Soak and Play!

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

    Revenue $48,290ADR $250Occ ≈ 53%4.7★ (132)

    AirbnbVrboBooking

  • Legends Lookout! Mtn Views, Bears, Hot Tub, Music

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.2 mi

    Revenue $61,615ADR $311Occ ≈ 54%5★ (19)

    AirbnbVrbo

  • Hop's Hideaway - Fireplace & Lush Views!

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $31,941ADR $185Occ ≈ 47%4.3★ (18)

    AirbnbVrboBooking

  • 🌲Historic Gatlinburg Chalet-Hot Tub,Prime Location

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

    Revenue $83,228ADR $266Occ ≈ 86%4.8★ (253)

    AirbnbVrbo

  • Elevista - Quaint&Private-Views-HotTub-PoolTable-Bears-3 Clubhouse Pools

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

    Revenue $88,927ADR $267Occ ≈ 91%4.2★ (12)

    Booking

  • Fireplace, jacuzzi tub, large pool onsite !

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

    Revenue $36,588ADR $138Occ ≈ 73%4.7★ (304)

    AirbnbVrboBooking

  • CozyBear2beds/2bath

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

    Revenue $28,881ADR $185Occ ≈ 43%4.7★ (32)

    AirbnbVrboBooking

  • High Alpine #204 - A Mountain Top Retreat

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $22,165ADR $168Occ ≈ 36%3.5★ (2)

    AirbnbVrbo

  • Original A frame chalet 0.4 miles to ober.

    Cabin · 2 bd · 1.5 ba · sleeps 5 · 0.3 mi

    Revenue $15,558ADR $209Occ ≈ 20%5★ (13)

    AirbnbVrboBooking

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 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

Est. revenue

$35,171

NOI

$14,960

Cash flow /mo

-$181

Cash needed

$98,850

Cash-on-cash

-2.2%

ROE (yr 1)

7.6%

Cap rate

5.6%

DSCR

0.87

Year-1 write-off

$77,619

Year-1 tax shield @ 32%

$24,838

Year-1 return on equity

  • Cash flow (annual)-$2,176
  • Principal paydown$1,734
  • Appreciation at%$7,950
ROE7.6%

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)$7,034
  • Platform fees (3% of revenue)$1,055
  • Maintenance / capex (5% of revenue)$1,759
  • Utilities & supplies$4,200
  • HOA$3,996
  • Property tax$577
  • Insurance (STR-rated)$1,590

Cash needed to close

  • Down payment (25%)$66,250
  • Closing costs (4.0%)$10,600
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$24,838

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

$210,000

Short-life (5/15-yr)

$55,000 · 26%

Year-1 deduction

$78,000

Year-1 tax shield @ 32%

$25,000

Land 21% (county tax record, market value split) · building $154,000 over 39 years · new furniture $22,000

Based on: 1,200 sq ft, built 1982, 2 bd / 2.5 ba, unfurnished, listing features (game room, fireplace, flooring types, appliance list, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $60,000 in year 1 (18% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$62,900
  • Kitchen cabinetsdefault

    $8,400 new × 40% good × 2.24 allocation

    $7,600
  • Kitchen countertopsdefault

    $6,900 new × 40% good × 2.24 allocation

    $6,200
  • Decorative trimdefault

    $2,100 new × 40% good × 2.24 allocation

    $1,900
  • Mirrorsdefault

    $300 new × 40% good × 2.24 allocation

    $300
  • Shelvingdefault

    $900 new × 40% good × 2.24 allocation

    $800
  • Window coverings (12)default

    $3,000 new × 40% good × 2.24 allocation

    $2,700
  • Carpet, vinyl & laminate (100% of floors)listing

    $7,700 new × 40% good × 2.24 allocation

    $6,900
  • Kitchen & laundry equipment plumbingdefault

    $6,600 new × 40% good × 2.24 allocation

    $5,900
  • Kitchen, laundry & data equipment electricaldefault

    $4,000 new × 40% good × 2.24 allocation

    $3,600
  • Appliances (range, microwave, dishwasher, refrigerator)listing

    $5,700 new × 40% good × 2.24 allocation

    $5,100
  • 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$14,600
  • Paving: driveway & walks (paved)default

    $7,200 new × 50% good × 2.24 allocation

    $8,100
  • Landscaping (minimal)listing

    $3,500 new × 50% good × 2.24 allocation

    $3,900
  • Patiosdefault

    $1,200 new × 50% good × 2.24 allocation

    $1,300
  • Decks & porches (attached)default

    $1,200 new × 50% good × 2.24 allocation

    $1,300
Building, 39-year$154,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $129,900 new × 40% good × 2.24 allocation

    $116,500
  • Building plumbing & fixturesdefault

    $13,500 new × 40% good × 2.24 allocation

    $12,100
  • Building electrical & lightingdefault

    $12,500 new × 40% good × 2.24 allocation

    $11,200
  • HVACdefault

    $13,500 new × 40% good × 2.24 allocation

    $12,100
  • Fireplacelisting

    $2,600 new × 40% good × 2.24 allocation

    $2,400

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$62,900$14,600$200$77,600
2$0$0$4,000$4,000
3$0$0$4,000$4,000
4$0$0$4,000$4,000
5$0$0$4,000$4,000
6+$0$0$138,300$138,300
Total$62,900$14,600$154,300$231,700

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.