702 Ridgewood Way
Pigeon Forge, TN 37863
$529,900
2 bd · 2 ba · 1,248 sqft · Listed 6d ago
View on Realtor.com →Year built
2003
Sqft
1,248
Lot sqft
436
HOA / mo
$165
Furnished
No
List date
2026-11-06T15:01:26.000000Z
Revenue
Annual revenue
$58,906
ADR
$246
Occupancy
66%
Cleaning fees (12 mo)
$10,467
Confidence
Low (48.09), 50 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $54,729
Cabin Retreat with Jacuzzi, Pool Table and Pool in Pigeon Forge, Tennessee
House · 2 bd · 2 ba · sleeps 6 · 200 ft
Revenue $37,475ADR $574Occ ≈ 18%—
SmokyVistaRomanc:View*Games*HotTub*WiFi*ResortPool
Cabin · 2 bd · 2 ba · sleeps 6 · 387 ft
Revenue $67,015ADR $320Occ ≈ 57%5★ (5)
Resort setting w/ awesome Mtn views! Self checkin, close to Nat’l Park! Sleeps 6
Cabin · 2 bd · 2 ba · sleeps 6 · 515 ft
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $65,321ADR $274Occ ≈ 65%5★ (294)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
2BR/2BA Gorgeous panoramic view! Hot Tub! Cabin
| 2 bd · 2 ba · sleeps 6 | $114,506 | $321 | 98% | 4.8★ (121) | 177 ft | AirbnbVrboBooking |
Cabin Retreat with Jacuzzi, Pool Table and Pool in Pigeon Forge, Tennessee House | 2 bd · 2 ba · sleeps 6 | $37,475 | $574 | 18% | — | 200 ft | Booking |
Solid Ground Lodge with Yard! Cabin
| 2 bd · 2 ba · sleeps 4 | $62,459 | $278 | 62% | 4.8★ (395) | 335 ft | AirbnbVrboBooking |
Mountain Cabin • Hot Tub • 10 Min to Dollywood Cabin
| 2 bd · 2 ba · sleeps 6 | $80,166 | $279 | 79% | 4.9★ (592) | 364 ft | AirbnbVrbo |
Charming 2BR | Free Attraction Tickets | Fireplace Cabin | 2 bd · 2 ba · sleeps 6 | $25,405 | $291 | 24% | 4.5★ (227) | 371 ft | AirbnbBooking |
Family Cabin | Stunning Mountain Views and Hot Tub Cabin
| 2 bd · 2 ba · sleeps 6 | $45,945 | $280 | 45% | 4.8★ (29) | 377 ft | AirbnbVrboBooking |
SmokyVistaRomanc:View*Games*HotTub*WiFi*ResortPool Cabin | 2 bd · 2 ba · sleeps 6 | $67,015 | $320 | 57% | 5★ (5) | 387 ft | Airbnb |
Resort setting w/ awesome Mtn views! Self checkin, close to Nat’l Park! Sleeps 6 Cabin
| 2 bd · 2 ba · sleeps 6 | $65,321 | $274 | 65% | 5★ (294) | 515 ft | Vrbo |
Charming Log Cabin, Sleeps 6, Hot Tub, Pool Table Cabin
| 2 bd · 2 ba · sleeps 6 | $48,360 | $230 | 58% | 4.8★ (14) | 522 ft | AirbnbVrboBooking |
GORGEOUS VIEWS of the SMOKIES ~ Centrally Located Cabin
| 2 bd · 2 ba · sleeps 6 | $43,487 | $307 | 39% | 4.9★ (388) | 0.1 mi | AirbnbVrbo |
Show 35 more
Ridge & Shadow | Mtn Views- Pool Table- Hot Tub
Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $24,297ADR $257Occ ≈ 26%5★ (9)
Mountain View Retreat w/ Hot Tub & Games
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $21,598ADR $352Occ ≈ 17%—
Delisted
Located 1.5 mi. from the Parkway in Pigeon Forge.
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $43,027ADR $177Occ ≈ 67%5★ (271)
Grace Mountain 1 BR Downstairs and Large Loft w/Bedroom, 1.5 mi. from Parkway
Cabin · 2 bd · 1 ba · sleeps 4 · 0.1 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $32,918ADR $175Occ ≈ 52%4.9★ (407)
Shaconage Rest *Slps 8*Close to Attractions
Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi
Revenue $62,541ADR $250Occ ≈ 69%4.8★ (21)
2Br/2ba, King Bed, Mtn View, Hot Tub, Arcade, Pets
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $70,412ADR $219Occ ≈ 88%5★ (653)
Delisted
A Cabin With An Extraordinary View
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $53,315ADR $169Occ ≈ 86%4.5★ (416)
Wooded 2BR | Pool | Hot Tub | Fireplace
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $10,592ADR $247Occ ≈ 12%4.2★ (121)
Cozy Cabin w/ Hot Tub & Game Loft | Near Dollywood
Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $52,747ADR $264Occ ≈ 55%4.8★ (35)
BearFootinInTheSmokies:Res Pool*Game*WiFi*Hot Tub
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $63,583ADR $315Occ ≈ 55%4.2★ (10)
Resort setting w/ awesome Mtn views! Self checkin, close to Nat’l Park! Sleeps 6
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $66,746ADR $274Occ ≈ 67%4.9★ (304)
Cabin w/ Free Attraction Tickets, views, private hot tub, & shared, heated pool
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $16,269ADR $241Occ ≈ 18%4.5★ (128)
Delisted
Smoky Mountain Log Cabin w/ Hot Tub
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $12,765ADR $340Occ ≈ 10%3.7★ (3)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Beautiful MTN Views*Hot Tub + Fireplace*Game Room Cabin
| 2 bd · 2 ba · sleeps 6 | $88,606 | $287 | 85% | 5★ (201) | 0.1 mi | AirbnbVrbo |
Ridge & Shadow | Mtn Views- Pool Table- Hot Tub Cabin
| 2 bd · 2 ba · sleeps 8 | $24,297 | $257 | 26% | 5★ (9) | 0.1 mi | Airbnb |
Cozy Bear Cabin - Pool Access &Pool Table &Hot Tub Cabin
| 2 bd · 2 ba · sleeps 6 | $61,807 | $210 | 81% | 4.7★ (250) | 0.1 mi | AirbnbVrbo |
Mountain View*Hot Tub*Arcade*Pool Table*Dollywood Cabin
| 2 bd · 2 ba · sleeps 6 | $44,080 | $316 | 38% | 5★ (170) | 0.1 mi | AirbnbVrbo |
Mountain View Retreat w/ Hot Tub & Games Cabin | 2 bd · 2 ba · sleeps 6 | $21,598 | $352 | 17% | — | 0.1 mi | Delisted |
Large 2BR Mountainview | Free Attraction Tickets Cabin | 2 bd · 2 ba · sleeps 6 | $19,413 | $228 | 23% | 4.7★ (191) | 0.1 mi | AirbnbBooking |
Located 1.5 mi. from the Parkway in Pigeon Forge. Cabin
| 2 bd · 2 ba · sleeps 6 | $43,027 | $177 | 67% | 5★ (271) | 0.1 mi | Vrbo |
Grace Mountain 1 BR Downstairs and Large Loft w/Bedroom, 1.5 mi. from Parkway Cabin
| 2 bd · 1 ba · sleeps 4 | $32,918 | $175 | 52% | 4.9★ (407) | 0.1 mi | Vrbo |
Shaconage Rest *Slps 8*Close to Attractions Cabin | 2 bd · 2 ba · sleeps 8 | $62,541 | $250 | 69% | 4.8★ (21) | 0.1 mi | Airbnb |
2Br/2ba, King Bed, Mtn View, Hot Tub, Arcade, Pets Cabin | 2 bd · 2 ba · sleeps 6 | $70,412 | $219 | 88% | 5★ (653) | 0.1 mi | Delisted |
Beary Relaxing: Unwind in the Smokies Cabin
| 2 bd · 2 ba · sleeps 6 | $71,680 | $310 | 63% | 4.5★ (20) | 0.1 mi | AirbnbVrbo |
Absolutely Amazing Views! Cabin
| 2 bd · 2 ba · sleeps 8 | $56,926 | $319 | 49% | 4.8★ (405) | 0.1 mi | AirbnbVrbo |
A Cabin With An Extraordinary View Cabin
| 2 bd · 2 ba · sleeps 6 | $53,315 | $169 | 86% | 4.5★ (416) | 0.1 mi | Vrbo |
Easy Roads, Mtn Views, Hot Tub, Game Room + Pets! Cabin
| 2 bd · 2 ba · sleeps 8 | $77,628 | $271 | 78% | 5★ (217) | 0.1 mi | AirbnbVrboBooking |
2BR Resort Cabin w/Hot Tub*Game Room*Fireplaces Cabin
| 2 bd · 2 ba · sleeps 6 | $67,159 | $1,918 | 10% | 5★ (2) | 0.1 mi | AirbnbVrbo |
Wooded 2BR | Pool | Hot Tub | Fireplace Cabin | 2 bd · 2 ba · sleeps 6 | $10,592 | $247 | 12% | 4.2★ (121) | 0.1 mi | Airbnb |
Cozy Cabin w/ Hot Tub & Game Loft | Near Dollywood Cabin | 2 bd · 2 ba · sleeps 8 | $52,747 | $264 | 55% | 4.8★ (35) | 0.2 mi | Airbnb |
View of Paradise Cabin, Pigeon Forge Cabin
| 2 bd · 2 ba · sleeps 6 | $91,944 | $260 | 97% | 4.8★ (203) | 0.2 mi | AirbnbVrbo |
Cozy Log Cabin・Hot Tub・Resort Pool・Balcony・Gated Cabin
| 2 bd · 2 ba · sleeps 6 | $60,261 | $243 | 68% | 4.2★ (35) | 0.2 mi | AirbnbVrboBooking |
Cozy Smoky Mtn Cabin~Mins to PForge & Gatlinburg Cabin
| 2 bd · 2 ba · sleeps 6 | $21,305 | $266 | 22% | 4.7★ (52) | 0.2 mi | AirbnbVrbo |
BearFootinInTheSmokies:Res Pool*Game*WiFi*Hot Tub Cabin | 2 bd · 2 ba · sleeps 6 | $63,583 | $315 | 55% | 4.2★ (10) | 0.2 mi | Airbnb |
Mountain Views! Hot Tub + Game Room*Fireplace House
| 2 bd · 2 ba · sleeps 6 | $60,710 | $243 | 68% | 5★ (147) | 0.2 mi | AirbnbVrbo |
Southern Memories Cabin
| 2 bd · 2 ba · sleeps 7 | $65,206 | $318 | 56% | 5★ (27) | 0.2 mi | AirbnbVrbo |
Resort setting w/ awesome Mtn views! Self checkin, close to Nat’l Park! Sleeps 6 Cabin
| 2 bd · 2 ba · sleeps 6 | $66,746 | $274 | 67% | 4.9★ (304) | 0.2 mi | Vrbo |
Smoky Mountain Views | Hot Tub + Game Room Cabin
| 2 bd · 2 ba · sleeps 6 | $83,794 | $333 | 69% | 4.5★ (10) | 0.2 mi | AirbnbVrbo |
Cabin w/ Free Attraction Tickets, views, private hot tub, & shared, heated pool Cabin | 2 bd · 2 ba · sleeps 6 | $16,269 | $241 | 18% | 4.5★ (128) | 0.2 mi | Delisted |
3.5 Mi to DT Pigeon Forge・Dog Ok! Getaway・Hot Tub Cabin
| 2 bd · 2 ba · sleeps 6 | $95,504 | $246 | 100% | 4.5★ (30) | 0.2 mi | AirbnbVrboBooking |
Cozy Retreat N Pigeon Forge・Views・Hot Tub・Pool Cabin
| 2 bd · 2 ba · sleeps 6 | $54,729 | $228 | 66% | 4.6★ (26) | 0.2 mi | AirbnbVrboBooking |
Bring your Buddy, your Cubs, or Cuddle Bear to thi House
| 2 bd · 2 ba · sleeps 6 | $48,977 | $255 | 53% | 4.3★ (77) | 0.2 mi | AirbnbVrboBooking |
Smoky Mountain Log Cabin w/ Hot Tub Cabin | 2 bd · 2 ba · sleeps 6 | $12,765 | $340 | 10% | 3.7★ (3) | 0.2 mi | Delisted |
Central location|Hot tub|Fireplace|Pet friendly Cabin
| 2 bd · 2 ba · sleeps 6 | $30,505 | $224 | 37% | 4.8★ (24) | 0.2 mi | AirbnbVrbo |
Log Cabin Overlooking Mtns, Sleeps 6, Resort Pool Cabin | 2 bd · 2 ba · sleeps 6 | $49,591 | $254 | 53% | 5★ (6) | 0.2 mi | AirbnbBooking |
Cabin N Gorgeous Wooded Setting, Sleeps 6, Hot Tub Cabin
| 2 bd · 2 ba · sleeps 6 | $31,817 | $265 | 33% | 4.2★ (20) | 0.2 mi | AirbnbVrboBooking |
Altitude Adjustment Indoor Pool Cabin Cabin
| 2 bd · 3 ba · sleeps 8 | $89,865 | $317 | 78% | 4.8★ (182) | 0.2 mi | AirbnbVrbo |
Mountainview 2BR, Hot Tub, Free Attraction Tickets Cabin | 2 bd · 2 ba · sleeps 6 | $17,619 | $269 | 18% | 4.2★ (185) | 0.2 mi | AirbnbBooking |
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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$58,906
NOI
$30,938
Cash flow /mo
-$319
Cash needed
$175,671
Cash-on-cash
-2.2%
ROE (yr 1)
8.8%
Cap rate
5.8%
DSCR
0.89
Year-1 write-off
$131,409
Year-1 tax shield @ 32%
$42,051
Year-1 return on equity
- Cash flow (annual)-$3,824
- Principal paydown$3,366
- Appreciation at%$15,897
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)$11,781
- Platform fees (3% of revenue)$1,767
- Maintenance / capex (5% of revenue)$2,945
- Utilities & supplies$4,200
- HOA$1,980
- Property tax$2,115
- Insurance (STR-rated)$3,179
Cash needed to close
- Down payment (25%)$132,475
- Closing costs (4.0%)$21,196
- Furnishing (bought new)$22,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$42,051
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
$456,000
Short-life (5/15-yr)
$109,000 · 24%
Year-1 deduction
$131,000
Year-1 tax shield @ 32%
$42,000
Land 14% (county tax record, market value split) · building $347,000 over 39 years · new furniture $22,000
Based on: 1,248 sq ft, built 2003, 2 bd / 2 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $85,000 in year 1 (14% short-life, $27,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $10,900
Kitchen cabinetsdefault
$8,500 new × 40% good × 3.18 allocation
- $8,900
Kitchen countertopsdefault
$7,000 new × 40% good × 3.18 allocation
- $2,800
Decorative trimdefault
$2,200 new × 40% good × 3.18 allocation
- $400
Mirrorsdefault
$300 new × 40% good × 3.18 allocation
- $1,100
Shelvingdefault
$900 new × 40% good × 3.18 allocation
- $3,800
Window coverings (12)default
$3,000 new × 40% good × 3.18 allocation
- $11,400
Kitchen & laundry equipment plumbingdefault
$6,600 new × 54% good × 3.18 allocation
- $6,900
Kitchen, laundry & data equipment electricaldefault
$4,000 new × 54% good × 3.18 allocation
- $9,800
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 3.18 allocation
- $11,500
Hot tub (freestanding)listing
$9,000 new × 40% good × 3.18 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $11,700
Paving: driveway & walks (paved)default
$7,300 new × 50% good × 3.18 allocation
- $5,600
Landscaping (minimal)listing
$3,500 new × 50% good × 3.18 allocation
- $2,000
Patiosdefault
$1,200 new × 50% good × 3.18 allocation
- $22,300
Decks & porches (attached)listing
$14,000 new × 50% good × 3.18 allocation
- $265,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$135,200 new × 62% good × 3.18 allocation
- $24,100
Building plumbing & fixturesdefault
$14,000 new × 54% good × 3.18 allocation
- $22,500
Building electrical & lightingdefault
$13,100 new × 54% good × 3.18 allocation
- $17,900
HVACdefault
$14,100 new × 40% good × 3.18 allocation
- $10,200
Hardwood & tile floorsdefault
$8,000 new × 40% good × 3.18 allocation
- $6,700
Fireplaces (2)listing
$5,300 new × 40% good × 3.18 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $89,500 | $41,600 | $400 | $131,400 |
| 2 | $0 | $0 | $8,900 | $8,900 |
| 3 | $0 | $0 | $8,900 | $8,900 |
| 4 | $0 | $0 | $8,900 | $8,900 |
| 5 | $0 | $0 | $8,900 | $8,900 |
| 6+ | $0 | $0 | $310,800 | $310,800 |
| Total | $89,500 | $41,600 | $346,700 | $477,700 |
The building's share of the price ($456,000) is 3.2x our depreciated replacement cost of the home ($143,000). 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.