874 Boone Acres Ln
Pigeon Forge, TN 37863
$955,000
2 bd · 2 ba · 768 sqft · Listed 5d ago
View on Realtor.com →Year built
1988
Sqft
768
Lot sqft
691,297
HOA / mo
None
Furnished
No
List date
2026-11-07T13:04:05.000000Z
Revenue
Annual revenue
$54,248
ADR
$228
Occupancy
65%
Cleaning fees (12 mo)
$11,515
Confidence
Med (61.55), 49 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $49,917
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 Creekside Cabin! Hot Tub, Fire Pit, Pet Friendly Cabin
| 2 bd · 2 ba · sleeps 5 | $51,778 | $284 | 50% | 5★ (39) | 0.2 mi | AirbnbVrboBooking |
 "Smokey Max Cabin", 2 bed 2 bath 8 people sleeping Cabin
| 2 bd · 2 ba · sleeps 8 | $53,292 | $279 | 52% | 4.5★ (213) | 0.2 mi | AirbnbVrboBooking |
 Pigeon Forge Cabin /Game Room/Dog Friendly/Hot Tub Cabin
| 2 bd · 2 ba · sleeps 8 | $48,339 | $219 | 60% | 4.5★ (244) | 0.2 mi | AirbnbVrboBooking |
 Relaxing Creekside Escape/HotTub/5min>GBurg-PForge Cabin
| 2 bd · 2 ba · sleeps 6 | $63,484 | $242 | 72% | 4.9★ (588) | 0.2 mi | AirbnbVrbo |
 Creekside Getaway, Hot Tub + Fire Pit + Pool Table Cabin
| 2 bd · 2 ba · sleeps 8 | $80,373 | $272 | 81% | 5★ (75) | 0.2 mi | AirbnbVrbo |
 Creekside Cabin Cabin
| 2 bd · 2 ba · sleeps 7 | $46,270 | $249 | 51% | 4.8★ (329) | 0.2 mi | AirbnbVrbo |
 Downtown Creekside Cabin~FirePit~Hot Tub~Game Room Cabin
| 2 bd · 2 ba · sleeps 8 | $82,860 | $301 | 75% | 4.9★ (241) | 0.3 mi | AirbnbVrboBooking |
 Across the Creek by Beyond Expectations w/ Hot Tub Cabin | 2 bd · 2 ba · sleeps 8 | $58,922 | $289 | 56% | 4.3★ (14) | 0.3 mi | AirbnbBooking |
 2/2 with Hot Tub! Close to Gatlinburg & Dollywood Cabin
| 2 bd · 2 ba · sleeps 6 | $49,917 | $175 | 78% | 4.8★ (479) | 0.3 mi | AirbnbVrbo |
 2BD/2Bath Cabin - Pool Table, Hot Tub, Fireplace Cabin
| 2 bd · 2 ba · sleeps 6 | $65,358 | $231 | 78% | 4.9★ (308) | 0.5 mi | AirbnbVrbo |
Show 35 more
Tranquility at Sugar Mountain
Cabin · 2 bd · 2 ba · sleeps 8 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $16,987ADR $203Occ ≈ 23%—
Mountain View Retreat w/ Hot Tub & Games
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $21,598ADR $352Occ ≈ 17%—
Delisted
Grace Mountain 1 BR Downstairs and Large Loft w/Bedroom, 1.5 mi. from Parkway
Cabin · 2 bd · 1 ba · sleeps 4 · 0.6 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $32,918ADR $175Occ ≈ 52%4.9★ (407)
Located 1.5 mi. from the Parkway in Pigeon Forge.
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $43,027ADR $177Occ ≈ 67%5★ (271)
2BR Cabin with Views | Free Attraction Tickets
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $21,763ADR $232Occ ≈ 26%4.6★ (103)
Cozy Cabin w/ Hot Tub & Game Loft | Near Dollywood
Cabin · 2 bd · 2 ba · sleeps 8 · 0.6 mi
Revenue $52,747ADR $264Occ ≈ 55%4.8★ (35)
BearFootinInTheSmokies:Res Pool*Game*WiFi*Hot Tub
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $63,583ADR $315Occ ≈ 55%4.2★ (10)
Beary Comfy, Sleeps 6・Hot Tub・Pool Table・Deck
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $8,092ADR $275Occ ≈ 8%4★ (3)
Our Happy Place
Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi
Revenue $29,559ADR $230Occ ≈ 35%4.9★ (221)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Sunset Views, Hot Tub & Sauna | Game Loft Cabin
| 2 bd · 2 ba · sleeps 6 | $43,862 | $292 | 41% | 5★ (20) | 0.5 mi | AirbnbVrbo |
Smoky Mountain Log Cabin POOL VIEWS WIFI LOCATION Cabin
| 2 bd · 2 ba · sleeps 6 | $66,605 | $251 | 73% | 4.9★ (296) | 0.5 mi | AirbnbVrbo |
Awesome Cabin in Pigeon Forge with seclusion, game House | 2 bd · 2 ba · sleeps 8 | $52,483 | $203 | 71% | 3.6★ (61) | 0.5 mi | AirbnbBooking |
Southern Memories Cabin
| 2 bd · 2 ba · sleeps 7 | $65,206 | $318 | 56% | 5★ (27) | 0.5 mi | AirbnbVrbo |
Sugar Mtn Cabin w/ Hot Tub: 8 Mi to GSMNP Cabin
| 2 bd · 2 ba · sleeps 8 | $19,021 | $241 | 22% | 3.6★ (4) | 0.5 mi | AirbnbVrboBooking |
Tranquility at Sugar Mountain Cabin
| 2 bd · 2 ba · sleeps 8 | $16,987 | $203 | 23% | — | 0.6 mi | Airbnb |
Smoky Mountain Views | Hot Tub + Game Room Cabin
| 2 bd · 2 ba · sleeps 6 | $83,794 | $333 | 69% | 4.5★ (10) | 0.6 mi | AirbnbVrbo |
Easy Roads, Mtn Views, Hot Tub, Game Room + Pets! Cabin
| 2 bd · 2 ba · sleeps 8 | $77,628 | $271 | 78% | 5★ (217) | 0.6 mi | AirbnbVrboBooking |
LUX 2BR w Mountain Views! Hot Tub! Fire Pit! Cabin | 2 bd · 2 ba · sleeps 6 | $72,259 | $246 | 80% | 4.9★ (289) | 0.6 mi | AirbnbBooking |
Mountain View Retreat w/ Hot Tub & Games Cabin | 2 bd · 2 ba · sleeps 6 | $21,598 | $352 | 17% | — | 0.6 mi | Delisted |
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) | 0.6 mi | Vrbo |
Located 1.5 mi. from the Parkway in Pigeon Forge. Cabin
| 2 bd · 2 ba · sleeps 6 | $43,027 | $177 | 67% | 5★ (271) | 0.6 mi | Vrbo |
Bearway to Heaven #2 Cabin
| 2 bd · 2 ba · sleeps 8 | $44,754 | $244 | 50% | 4.5★ (46) | 0.6 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) | 0.6 mi | AirbnbVrboBooking |
Mountain View*Hot Tub*Arcade*Pool Table*Dollywood Cabin
| 2 bd · 2 ba · sleeps 6 | $44,080 | $316 | 38% | 5★ (170) | 0.6 mi | AirbnbVrbo |
Absolutely Amazing Views! Cabin
| 2 bd · 2 ba · sleeps 8 | $56,926 | $319 | 49% | 4.8★ (405) | 0.6 mi | AirbnbVrbo |
*Relaxing 2BD Cabin Near TOWN | Hot Tub + VIEWS* Cabin
| 2 bd · 2 ba · sleeps 8 | $43,764 | $233 | 51% | 4.8★ (25) | 0.6 mi | AirbnbVrbo |
Treetop Hot Tub Retreat•King Bed•Arcade+ Foosball Cabin
| 2 bd · 1 ba · sleeps 6 | $53,620 | $208 | 71% | 5★ (65) | 0.6 mi | AirbnbVrbo |
Central location|Hot tub|Fireplace|Pet friendly Cabin
| 2 bd · 2 ba · sleeps 6 | $30,505 | $224 | 37% | 4.8★ (24) | 0.6 mi | AirbnbVrbo |
Cozy Smoky Mtn Cabin~Mins to PForge & Gatlinburg Cabin
| 2 bd · 2 ba · sleeps 6 | $21,305 | $266 | 22% | 4.7★ (52) | 0.6 mi | AirbnbVrbo |
2BR Cabin with Views | Free Attraction Tickets Cabin | 2 bd · 2 ba · sleeps 6 | $21,763 | $232 | 26% | 4.6★ (103) | 0.6 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) | 0.6 mi | Airbnb |
Comfort Cabin Bearway To Heaven w Private Hot Tub Cabin
| 2 bd · 2 ba · sleeps 8 | $61,829 | $252 | 67% | 4.2★ (72) | 0.6 mi | AirbnbVrboBooking |
BearFootinInTheSmokies:Res Pool*Game*WiFi*Hot Tub Cabin | 2 bd · 2 ba · sleeps 6 | $63,583 | $315 | 55% | 4.2★ (10) | 0.6 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) | 0.6 mi | AirbnbVrbo |
Beary Comfy, Sleeps 6・Hot Tub・Pool Table・Deck Cabin | 2 bd · 2 ba · sleeps 6 | $8,092 | $275 | 8% | 4★ (3) | 0.6 mi | Airbnb |
Cozy 2BR Cabin Between Gatlinburg & Pigeon Forge Cabin
| 2 bd · 2 ba · sleeps 6 | $41,425 | $191 | 59% | 4.9★ (248) | 0.6 mi | AirbnbVrbo |
Welcome to “Bear Necessities ” Cabin
| 2 bd · 2 ba · sleeps 6 | $27,407 | $294 | 26% | 4.9★ (36) | 0.6 mi | AirbnbVrbo |
Hot Tub, Pool Table | 5 Mi to Island & Gatlinburg Cabin
| 2 bd · 2 ba · sleeps 6 | $35,370 | $227 | 43% | 4.2★ (23) | 0.7 mi | AirbnbVrbo |
Our Happy Place Cabin | 2 bd · 2 ba · sleeps 6 | $29,559 | $230 | 35% | 4.9★ (221) | 0.7 mi | Airbnb |
Black Bear Quarters | Near Smokies & Gatlinburg Cabin
| 2 bd · 2 ba · sleeps 6 | $50,448 | $227 | 61% | 5★ (85) | 0.7 mi | AirbnbBooking |
Family Cabin w/Hot Tub & Arcade Near Dollywood Cabin
| 2 bd · 2 ba · sleeps 7 | $62,103 | $233 | 73% | 4.7★ (204) | 0.7 mi | AirbnbVrboBooking |
Hot Tub overlooks PF Parkway, Fireworks & Coaster Cabin
| 2 bd · 2 ba · sleeps 6 | $57,946 | $231 | 69% | 5★ (223) | 0.7 mi | AirbnbVrbo |
Afternoon Delight: Semi-Secluded Cabin, Hot Tub Cabin
| 2 bd · 2 ba · sleeps 6 | $45,496 | $259 | 48% | 4.6★ (24) | 0.7 mi | AirbnbVrbo |
A Lifetime of Memories Cabin
| 2 bd · 2 ba · sleeps 7 | $39,735 | $232 | 47% | 4.9★ (50) | 0.7 mi | 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
Est. revenue
$54,248
NOI
$28,307
Cash flow /mo
$2,359
Cash needed
$1,009,200
Cash-on-cash (all cash)
2.8%
ROE (yr 1)
5.6%
Cap rate
3.0%
DSCR
—
Year-1 write-off
$224,932
Year-1 tax shield @ 32%
$71,978
Year-1 return on equity
- Cash flow (annual)$28,307
- Principal paydown (n/a, cash)$0
- Appreciation at%$28,650
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)$10,850
- Platform fees (3% of revenue)$1,627
- Maintenance / capex (5% of revenue)$2,712
- Utilities & supplies$4,200
- HOA$0
- Property tax$822
- Insurance (STR-rated)$5,730
Cash needed to close
- Purchase price (all cash)$955,000
- Closing costs (4.0%)$38,200
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$71,978
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
$694,000
Short-life (5/15-yr)
$208,000 · 30%
Year-1 deduction
$225,000
Year-1 tax shield @ 32%
$72,000
Land 27% (county tax record, market value split) · building $486,000 over 39 years · new furniture $16,000
Based on: 768 sq ft, built 1988, 2 bd / 2 ba, unfurnished, listing features (deck, fireplace, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $124,000 in year 1 (16% short-life, $40,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $27,900
Kitchen cabinetsdefault
$7,500 new × 40% good × 9.33 allocation
- $22,800
Kitchen countertopsdefault
$6,100 new × 40% good × 9.33 allocation
- $5,000
Decorative trimdefault
$1,300 new × 40% good × 9.33 allocation
- $1,100
Mirrorsdefault
$300 new × 40% good × 9.33 allocation
- $3,400
Shelvingdefault
$900 new × 40% good × 9.33 allocation
- $7,500
Window coverings (8)default
$2,000 new × 40% good × 9.33 allocation
- $7,400
Carpet, vinyl & laminate (40% of floors)default
$2,000 new × 40% good × 9.33 allocation
- $21,700
Kitchen & laundry equipment plumbingdefault
$5,800 new × 40% good × 9.33 allocation
- $13,100
Kitchen, laundry & data equipment electricaldefault
$3,500 new × 40% good × 9.33 allocation
- $14,900
Appliances (range, refrigerator)listing
$4,000 new × 40% good × 9.33 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $26,800
Paving: driveway & walks (paved)default
$5,700 new × 50% good × 9.33 allocation
- $12,900
Landscaping (minimal)listing
$2,800 new × 50% good × 9.33 allocation
- $3,500
Patiosdefault
$800 new × 50% good × 9.33 allocation
- $40,300
Decks & porches (attached)listing
$8,600 new × 50% good × 9.33 allocation
- $308,600
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$82,700 new × 40% good × 9.33 allocation
- $32,000
Building plumbing & fixturesdefault
$8,600 new × 40% good × 9.33 allocation
- $26,100
Building electrical & lightingdefault
$7,000 new × 40% good × 9.33 allocation
- $32,300
HVACdefault
$8,700 new × 40% good × 9.33 allocation
- $11,100
Hardwood & tile floorsdefault
$3,000 new × 40% good × 9.33 allocation
- $19,600
Fireplaces (2)listing
$5,300 new × 40% good × 9.33 allocation
- $56,000
Septic systemlisting
$12,000 new × 50% good × 9.33 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $140,900 | $83,500 | $500 | $224,900 |
| 2 | $0 | $0 | $12,500 | $12,500 |
| 3 | $0 | $0 | $12,500 | $12,500 |
| 4 | $0 | $0 | $12,500 | $12,500 |
| 5 | $0 | $0 | $12,500 | $12,500 |
| 6+ | $0 | $0 | $435,400 | $435,400 |
| Total | $140,900 | $83,500 | $485,700 | $710,100 |
The building's share of the price ($694,000) is 9.3x our depreciated replacement cost of the home ($74,000). 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.