3815 E Parkway Apt 1
Gatlinburg, TN 37738
$220,000
2 bd · 2 ba · 1,008 sqft · Listed 1d ago
View on Realtor.com →Year built
1971
Sqft
1,008
Lot sqft
—
HOA / mo
$425
Furnished
No
List date
2026-10-15T14:53:45.000000Z
Revenue
Annual revenue
$31,794
ADR
$159
Occupancy
55%
Cleaning fees (12 mo)
$7,286
Confidence
Low (42), 50 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $33,880
Cozy Mountain View Hideaway Condo On Golf Course
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $6,227ADR $172Occ ≈ 10%3.9★ (7)
Delisted
Black Bear Hideaway - Stunning Mountain Views
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $448ADR $224Occ ≈ 1%5★ (1)
Delisted
Summer Escape Peaceful Smoky Mtn 2BR 2BA Condo
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $15,247ADR $175Occ ≈ 24%4.8★ (177)
Makin Memories by Venture Smoky Mountains
Vacation home · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $63,757ADR $289Occ ≈ 60%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Smoky Mountain Gatlinburg Getaway Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $7,698 | $164 | 13% | 4.8★ (15) | 449 ft | AirbnbVrbo |
Summer Deals! Cozy Smoky Mountain Retreat Apartment
| 2 bd · 2 ba · sleeps 6 | $13,202 | $153 | 24% | 4.7★ (24) | 0.1 mi | AirbnbVrboBooking |
Cozy Mountain View Hideaway Condo On Golf Course Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $6,227 | $172 | 10% | 3.9★ (7) | 0.1 mi | Delisted |
Black Bear Hideaway - Stunning Mountain Views Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $448 | $224 | 1% | 5★ (1) | 0.1 mi | Delisted |
Cozy Golf Course Mountain Retreat Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $17,630 | $159 | 30% | 4.8★ (36) | 0.1 mi | AirbnbVrbo |
Summer Escape Peaceful Smoky Mtn 2BR 2BA Condo Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $15,247 | $175 | 24% | 4.8★ (177) | 0.2 mi | Airbnb |
Inviting 2- Bedroom Cabin w/ Hot Tub Cabin
| 2 bd · 2 ba · sleeps 6 | $51,995 | $267 | 53% | 3.5★ (2) | 0.2 mi | AirbnbVrbo |
Makin Memories by Venture Smoky Mountains Vacation home | 2 bd · 2 ba · sleeps 6 | $63,757 | $289 | 60% | — | 0.2 mi | Booking |
Charming Wooded Cabin Retreat House
| 2 bd · 1.5 ba · sleeps 6 | $43,331 | $186 | 64% | 4.9★ (158) | 0.2 mi | AirbnbVrbo |
Mountain VIEWS | 2B Condo w/ Pool & Hot Tub Access Condominium (condo) | 2 bd · 2 ba · sleeps 8 | $25,986 | $167 | 43% | 4.7★ (24) | 0.3 mi | AirbnbVrbo |
Show 40 more
Luxe Condo | Mountain Views | Pool, Hot Tub, Sauna
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $10,139ADR $207Occ ≈ 13%4.7★ (16)
Mountain View Getaway
Cabin · 2 bd · 2 ba · sleeps 5 · 0.3 mi
Revenue $1,700ADR $179Occ ≈ 3%4.9★ (10)
Black Bear Hideaway *Stunning Mountain Views*
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi
- Hot tub
- Pool
- A/C
- Free parking
- +4
Revenue $5,520ADR $212Occ ≈ 7%5★ (5)
Million Dollar View
Apartment · 2 bd · 1 ba · sleeps 6 · 0.4 mi
- Hot tub
- Pool
- A/C
- Free parking
- +4
Revenue $24,294ADR $139Occ ≈ 48%4.8★ (78)
Smoky Mountain Luxurious Serenity
Apartment · 2 bd · 1 ba · sleeps 4 · 0.4 mi
Revenue $14,664ADR $209Occ ≈ 19%—
Panoramic Smoky Mountain Views, Indoor Pool, 2 BD
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $673ADR $162Occ ≈ 1%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
2BR Cabin w/ Pool Access & Free Attraction Tickets Cabin | 2 bd · 2 ba · sleeps 8 | $40,060 | $234 | 47% | 4.8★ (52) | 0.3 mi | AirbnbBooking |
Luxe Condo | Mountain Views | Pool, Hot Tub, Sauna Condominium (condo) | 2 bd · 2 ba · sleeps 4 | $10,139 | $207 | 13% | 4.7★ (16) | 0.3 mi | Airbnb |
Mountain-View Condo • Shared Indoor Pool + Hot Tub Condominium (condo) | 2 bd · 2 ba · sleeps 4 | $403 | $201 | 1% | — | 0.3 mi | AirbnbVrboBooking |
Amazing Views ! Indoor Pool, Hot tub, Sleeps 5 Condominium (condo) | 2 bd · 2 ba · sleeps 5 | $35,038 | $165 | 58% | 5★ (166) | 0.3 mi | AirbnbVrbo |
Smoky Views | Shared Pool + Spa • Park + Trails Condominium (condo) | 2 bd · 2 ba · sleeps 4 | $5,824 | $208 | 8% | — | 0.3 mi | AirbnbVrboBooking |
Mountain View Getaway Cabin | 2 bd · 2 ba · sleeps 5 | $1,700 | $179 | 3% | 4.9★ (10) | 0.3 mi | Airbnb |
Livin' Good - Hot Tub, Resort Pool & Wooded Views Cabin
| 2 bd · 2 ba · sleeps 6 | $44,909 | $229 | 54% | 4.8★ (20) | 0.3 mi | AirbnbVrboBooking |
Gatlinburg Resort Cabin w/ Pool By National Park! Cabin | 2 bd · 2 ba · sleeps 7 | $50,010 | $274 | 50% | 4.6★ (168) | 0.3 mi | AirbnbBooking |
Gatlinburg Golf Resort! Spacious 2 Bedroom Suite! Condominium (condo) | 2 bd · 2 ba · sleeps 8 | $68,655 | $336 | 56% | — | 0.3 mi | AirbnbVrbo |
Resort amenities, hot-tub on screened-in deck Cabin
| 2 bd · 2 ba · sleeps 6 | $7,388 | $205 | 10% | 5★ (9) | 0.3 mi | AirbnbVrbo |
2 Bedroom cabin w/game room Cabin
| 2 bd · 2 ba · sleeps 8 | $59,602 | $296 | 55% | 4.9★ (38) | 0.3 mi | AirbnbVrbo |
Whispering Woods: Smoky Mountain Resort Escape Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $24,194 | $214 | 31% | — | 0.3 mi | AirbnbVrboBooking |
Black Bear Hideaway *Stunning Mountain Views* Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $5,520 | $212 | 7% | 5★ (5) | 0.3 mi | Airbnb |
Mountain Views Full Kitchen Indoor Pool Access Condominium (condo)
| 2 bd · 1 ba · sleeps 4 | $43,589 | $163 | 73% | 4.8★ (151) | 0.3 mi | AirbnbVrboBooking |
Amazing View!!! INDOOR POOL HOT TUB AND SAUNA Condominium (condo)
| 2 bd · 1 ba · sleeps 6 | $34,285 | $152 | 62% | 4.9★ (234) | 0.3 mi | AirbnbVrbo |
Mountain-View Condo w/ Pool & Hot Tub Access Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $42,983 | $182 | 65% | 4.3★ (58) | 0.4 mi | AirbnbVrboBooking |
Sleeps 6 Mountain Views Shared Resort Amenities Condominium (condo)
| 2 bd · 1 ba · sleeps 6 | $37,822 | $168 | 62% | 4.5★ (48) | 0.4 mi | AirbnbVrboBooking |
Gatlinburg Condo: Mountain Views, Indoor Pool, Condominium (condo)
| 2 bd · 1 ba · sleeps 4 | $45,622 | $178 | 70% | 4.7★ (205) | 0.4 mi | AirbnbVrboBooking |
Indoor Pool Sleeps 6 Mountain Views Playground Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $37,460 | $173 | 59% | 4.7★ (28) | 0.4 mi | AirbnbVrboBooking |
Sleeps 4 Indoor Pool Hot Tub Mountain Views Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $28,717 | $158 | 50% | 4.3★ (26) | 0.4 mi | AirbnbBooking |
Luxe Condo - Mountain Views - Pool, Hot Tub, Sauna Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $42,456 | $188 | 62% | 4.7★ (41) | 0.4 mi | AirbnbVrboBooking |
Mountain Views Indoor Pool & Sauna Fireplace Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $37,155 | $151 | 67% | 4.5★ (21) | 0.4 mi | AirbnbVrboBooking |
Mountain Views Sleeps 6 Indoor Pool & Hot Tub Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $39,220 | $179 | 60% | 4.8★ (55) | 0.4 mi | AirbnbVrboBooking |
Sleeps 4 Mountains Views Indoor Pool & Hot tub Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $29,855 | $158 | 52% | 4.3★ (15) | 0.4 mi | AirbnbVrboBooking |
Full Kitchen Hot Tub Indoor Pool Sleeps 6 Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $33,475 | $159 | 58% | 4.5★ (20) | 0.4 mi | AirbnbVrboBooking |
Sleeps 6 Full Kitchen Indoor Pool Mountains Views Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $28,633 | $163 | 48% | 4★ (18) | 0.4 mi | AirbnbVrboBooking |
Indoor Pool Hot Tub Sauna Sleeps 6 Full Kitchen Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $29,697 | $160 | 51% | 4.5★ (11) | 0.4 mi | AirbnbVrboBooking |
Indoor Pool Mountain View Sleeps 6 Hot Tub Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $37,886 | $137 | 76% | 4★ (23) | 0.4 mi | AirbnbBooking |
Smoky Lux Serenity-Resort IndoorHeatedPool& HotTub Condominium (condo)
| 2 bd · 1 ba · sleeps 4 | $13,676 | $192 | 20% | 5★ (12) | 0.4 mi | AirbnbVrbo |
Million Dollar View Apartment
| 2 bd · 1 ba · sleeps 6 | $24,294 | $139 | 48% | 4.8★ (78) | 0.4 mi | Airbnb |
Sleeps 6 Mountain Views Heated Pool Playground Condominium (condo)
| 2 bd · 1 ba · sleeps 6 | $38,588 | $151 | 70% | 4.4★ (28) | 0.4 mi | AirbnbVrboBooking |
Mountain-View Condo w/Indoor Pool & Hot Tub Access Condominium (condo)
| 2 bd · 1 ba · sleeps 6 | $38,359 | $171 | 61% | 4.5★ (30) | 0.4 mi | AirbnbVrboBooking |
Mountain View Condo w/ Indoor Pool & Hot Tub Condominium (condo)
| 2 bd · 1 ba · sleeps 6 | $39,173 | $163 | 66% | 4.9★ (73) | 0.4 mi | AirbnbVrboBooking |
Smoky Mountain Condo w/ Heated Pool & Sauna Access Condominium (condo)
| 2 bd · 1 ba · sleeps 6 | $37,083 | $145 | 70% | 5★ (35) | 0.4 mi | AirbnbVrboBooking |
Hot Tub Heated Pool Mountain Views Sleeps 6 Condominium (condo)
| 2 bd · 1 ba · sleeps 6 | $38,839 | $160 | 67% | 4.5★ (46) | 0.4 mi | AirbnbVrboBooking |
Hot Tub Heated Pool Mountain Views Sleeps 6 Condominium (condo)
| 2 bd · 1 ba · sleeps 6 | $42,280 | $176 | 66% | 5★ (1) | 0.4 mi | VrboBooking |
Smoky Mountain Luxurious Serenity Apartment | 2 bd · 1 ba · sleeps 4 | $14,664 | $209 | 19% | — | 0.4 mi | Booking |
Cobbly Nob Cove #105 Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $17,427 | $231 | 21% | 4.8★ (8) | 0.4 mi | AirbnbBooking |
Smoky Mountain Views! Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $29,199 | $154 | 52% | 4.5★ (42) | 0.4 mi | AirbnbVrbo |
Panoramic Smoky Mountain Views, Indoor Pool, 2 BD Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $673 | $162 | 1% | — | 0.4 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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium
Est. revenue
$31,794
NOI
$11,682
Cash flow /mo
-$255
Cash needed
$79,800
Cash-on-cash
-3.8%
ROE (yr 1)
6.1%
Cap rate
5.3%
DSCR
0.79
Year-1 write-off
$54,589
Year-1 tax shield @ 32%
$17,469
Year-1 return on equity
- Cash flow (annual)-$3,054
- Principal paydown$1,338
- Appreciation at%$6,600
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)$6,359
- Platform fees (3% of revenue)$954
- Maintenance / capex (5% of revenue)$1,590
- Utilities & supplies$4,200
- HOA$5,100
- Property tax$590
- Insurance (STR-rated)$1,320
Cash needed to close
- Down payment (25%)$55,000
- Closing costs (4.0%)$8,800
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$17,469
No county tax record split for property tax, insurance rate and the land/building split, so those use market defaults — edit the price above; 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
$187,000
Short-life (5/15-yr)
$38,000 · 21%
Year-1 deduction
$55,000
Year-1 tax shield @ 32%
$17,000
Land 15% (market default, no usable tax-record split) · building $149,000 over 39 years · new furniture $16,000
Based on: 1,008 sq ft, built 1971, 2 bd / 2 ba, unfurnished, listing features (fireplace, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $37,000 in year 1 (11% short-life, $12,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,000
Kitchen cabinetsdefault
$8,000 new × 40% good × 2.51 allocation
- $6,600
Kitchen countertopsdefault
$6,600 new × 40% good × 2.51 allocation
- $1,800
Decorative trimdefault
$1,800 new × 40% good × 2.51 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.51 allocation
- $900
Shelvingdefault
$900 new × 40% good × 2.51 allocation
- $2,500
Window coverings (10)default
$2,500 new × 40% good × 2.51 allocation
- $2,600
Carpet, vinyl & laminate (40% of floors)default
$2,600 new × 40% good × 2.51 allocation
- $6,200
Kitchen & laundry equipment plumbingdefault
$6,200 new × 40% good × 2.51 allocation
- $3,800
Kitchen, laundry & data equipment electricaldefault
$3,800 new × 40% good × 2.51 allocation
- $5,700
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 40% good × 2.51 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $109,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$108,900 new × 40% good × 2.51 allocation
- $11,300
Building plumbing & fixturesdefault
$11,300 new × 40% good × 2.51 allocation
- $10,100
Building electrical & lightingdefault
$10,000 new × 40% good × 2.51 allocation
- $11,400
HVACdefault
$11,400 new × 40% good × 2.51 allocation
- $3,900
Hardwood & tile floorsdefault
$3,900 new × 40% good × 2.51 allocation
- $2,600
Fireplacelisting
$2,600 new × 40% good × 2.51 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $54,400 | $0 | $200 | $54,600 |
| 2 | $0 | $0 | $3,800 | $3,800 |
| 3 | $0 | $0 | $3,800 | $3,800 |
| 4 | $0 | $0 | $3,800 | $3,800 |
| 5 | $0 | $0 | $3,800 | $3,800 |
| 6+ | $0 | $0 | $133,200 | $133,200 |
| Total | $54,400 | $0 | $148,600 | $203,000 |
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.