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Rate 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium

628 Pinecrest Dr

628 Pinecrest Dr

Gatlinburg, TN 37738

$674,999

2 bd · 2.5 ba · 1,722 sqft · Listed 2d ago

View on Realtor.com →
Negative cash flow

Year built

2023

Sqft

1,722

Lot sqft

436

HOA / mo

$48

Furnished

No

List date

2026-11-10T20:08:35.000000Z

Revenue

Annual revenue

$65,929

ADR

$250

Occupancy

72%

Cleaning fees (12 mo)

$12,943

Confidence

Low (48.37), 50 comps

Comp revenue range (p25 / median / p75)

$41,700$61,014$79,383

Median revenue of shown comps: $58,421

  • Cozy 2bedroom modern rustic cabin mountaintop views in Chalet Village Gatlinburg

    Cabin · 2 bd · 3 ba · sleeps 4 · 125 ft

    Revenue $31,818ADR $177Occ ≈ 49%5★ (15)

    Delisted

  • NEWLY BUILT cozy cabin, great views and location!

    Cabin · 2 bd · 2 ba · sleeps 6 · 354 ft

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $34,610ADR $178Occ ≈ 53%5★ (240)

    Airbnb

  • BRAND NEW cozy cabin tucked away

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 390 ft

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $41,169ADR $190Occ ≈ 59%5★ (105)

    Airbnb

  • Great View! 1/2 mile to Gatlinburg Welcome Center

    Cabin · 2 bd · 2 ba · sleeps 6 · 404 ft

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $56,655ADR $226Occ ≈ 69%5★ (460)

    AirbnbVrbo

  • Luxury Pool Cabin w/ 2 King Suites, Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 4 · 440 ft

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $124,519ADR $495Occ ≈ 69%4.8★ (26)

    AirbnbVrboBooking

  • New, Modern 3 BR w/ WiFi, Hot Tub, Close to Town

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.1 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $65,103ADR $256Occ ≈ 70%4.7★ (118)

    AirbnbVrboBooking

  • Cozy Cabin w/ Hot Tub 5 min to Downtown Gatlinburg

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $57,233ADR $273Occ ≈ 57%5★ (64)

    AirbnbVrboBooking

  • Hot tub & pool table in GBurg! Gorgeous home!

    House · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $57,423ADR $301Occ ≈ 52%4.8★ (24)

    Airbnb

  • Hot Tub w/ Mountain View, Cozy Cabin, 1 Lucky Buck

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

    Revenue $71,005ADR $273Occ ≈ 71%5★ (252)

    Airbnb

  • 2BD Cabin w/ Hot Tub! Pool +Near TOWN

    Cabin · 2 bd · 2.5 ba · sleeps 5 · 0.1 mi

    Revenue $63,986ADR $294Occ ≈ 60%5★ (74)

    Airbnb

Show 32 more
  • Prime Location! | Gatlinburg 3 mi | 2 King Beds!

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +7

    Revenue $63,227ADR $228Occ ≈ 76%4.9★ (257)

    AirbnbVrbo

  • Gorgeous 2 bedroom chalet with hot tub and pool table in Gatlinburg!

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $41,449ADR $188Occ ≈ 60%4.9★ (7)

    Booking

  • Modern Gatlinburg Cabin · Hot Tub · 2 King Suites

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +7

    Revenue $65,770ADR $280Occ ≈ 64%5★ (314)

    AirbnbVrboBooking

  • Chestnut: Beautiful Cabin in the best area.

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

    • Hot tub
    • Pool
    • A/C
    • Wifi
    • +3

    Revenue $97,742ADR $310Occ ≈ 86%5★ (346)

    Airbnb

  • MTN Views|2 King Suites|Private|HotTub|Game Room|+

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $14,105ADR $287Occ ≈ 13%5★ (7)

    AirbnbVrbo

  • New Modern Luxury Cabin w/ Fire Pit, Hot Tub, WiFi

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $74,770ADR $315Occ ≈ 65%4.8★ (62)

    AirbnbVrboBooking

  • Luxury Cabin with Stunning Deck & Fire Pit

    Cabin · 2 bd · 3.5 ba · sleeps 4 · 0.2 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +3

    Revenue $17,001ADR $261Occ ≈ 18%5★ (11)

    Airbnb

  • Hot Tub, Game Room, Decks: Cabin in Gatlinburg

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

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $50,286ADR $275Occ ≈ 50%5★ (178)

    AirbnbVrboBooking

  • Built in 2018! Charming spacious chalet sleeps 6

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

    • Pool
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $40,258ADR $210Occ ≈ 53%5★ (341)

    AirbnbVrbo

  • Chestnut Tower – Mt LeConte Views, Hot Tub, Games

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

    • Hot tub
    • Pool
    • A/C
    • Wifi
    • +5

    Revenue $28,693ADR $524Occ ≈ 15%5★ (2)

    AirbnbVrboBooking

  • Woodlands: Best Location/Add'l trailer parking

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $84,540ADR $303Occ ≈ 76%5★ (353)

    AirbnbVrbo

  • Woodlands: 4 Person Special Offer

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $42,452ADR $191Occ ≈ 61%5★ (5)

    Airbnb

  • Private Pool, Mtn Views, Hot Tub + Free Tickets

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

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $95,798ADR $446Occ ≈ 59%4.5★ (2)

    AirbnbVrbo

  • Great location Brand New Farm house,Game-room

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

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $83,926ADR $309Occ ≈ 74%4.9★ (230)

    AirbnbVrbo

  • Unreal Views! 2 Master Suites! 4 Decks! Game Room!

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $136,909ADR $401Occ ≈ 94%5★ (272)

    AirbnbVrbo

  • Chestnut: 4 Person Special Offer

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $53,456ADR $193Occ ≈ 76%5★ (101)

    AirbnbVrbo

  • Falling Brook - Creekside Cabin with Hot Tub

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $43,597ADR $193Occ ≈ 62%4★ (24)

    AirbnbVrboBooking

  • Highland Village D202 Gatlinburg

    Apartment · 2 bd · 2.5 ba · sleeps 6 · 0.3 mi

    Revenue $9,628ADR $187Occ ≈ 14%4.9★ (70)

    Airbnb

  • 2 King Suites • Hot Tub • Dog Friendly • Views

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

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $61,978ADR $241Occ ≈ 70%4.9★ (322)

    AirbnbVrbo

  • Black Bear Cabin - Luxury Cabin - Gatlinburg

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.3 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $57,176ADR $324Occ ≈ 48%4.8★ (41)

    AirbnbVrboBooking

  • Brand New Modern Mountain Chalet

    Chalet · 2 bd · 1.5 ba · sleeps 4 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +5

    Revenue $60,050ADR $265Occ ≈ 62%4.8★ (136)

    AirbnbVrboBooking

  • Luxury Cabin-Mountain Views-Hot Tub-Pool Access

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $94,755ADR $315Occ ≈ 82%5★ (61)

    AirbnbVrbo

  • Smoky Mountain Hideaway w/ Hot Tub, Deck & Views!

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

    Revenue $80,291ADR $333Occ ≈ 66%5★ (217)

    AirbnbBooking

  • WOW Views! Fire Pits! 2 Master Suites! Hot Tub!

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

    • Hot tub
    • Pool
    • A/C
    • Wifi
    • +3

    Revenue $116,249ADR $343Occ ≈ 93%5★ (340)

    AirbnbVrbo

  • Cozy Cabin with Stargazing Deck & Relaxing Hot Tub

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

    Revenue $72,121ADR $230Occ ≈ 86%4.8★ (201)

    Airbnb

  • Take it Easy with hot tub and community pool

    Vacation home · 2 bd · 2 ba · sleeps 5 · 0.3 mi

    Revenue $133,103ADR $771Occ ≈ 47%5★ (1)

    Booking

  • 5* Family Cabin~View~Hot Tub~FirePit~Pools~Bears

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.3 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $56,055ADR $305Occ ≈ 50%4.9★ (33)

    AirbnbVrboBooking

  • Hot Tub Retreat that is 1 Mile to Gatlinburg Fun

    House · 2 bd · 1.5 ba · sleeps 6 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $29,216ADR $193Occ ≈ 41%5★ (15)

    AirbnbVrboBooking

  • Knottywood -Charming Cabin - Unforgettable Stay

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.3 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +4

    Revenue $17,138ADR $355Occ ≈ 13%4.9★ (48)

    AirbnbVrbo

  • Breathless: View•HotTub•PoolTbl•Theater

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $76,660ADR $289Occ ≈ 73%5★ (35)

    AirbnbVrbo

  • Chestnut Tower - Views, hot tub, and a pool table!

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.3 mi

    Revenue $59,418ADR $224Occ ≈ 73%4.7★ (35)

    AirbnbBooking

  • Cozy 2bedroom Chalet Village Luxury Cabin close to Ober, Downtown, Smoky Mtns

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.4 mi

    Revenue $27,997ADR $214Occ ≈ 36%5★ (3)

    Delisted

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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium

Est. revenue

$65,929

NOI

$36,210

Cash flow /mo

-$673

Cash needed

$211,750

Cash-on-cash

-3.8%

ROE (yr 1)

7.8%

Cap rate

5.4%

DSCR

0.82

Year-1 write-off

$161,844

Year-1 tax shield @ 32%

$51,790

Year-1 return on equity

  • Cash flow (annual)-$8,070
  • Principal paydown$4,288
  • Appreciation at%$20,250
ROE7.8%

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)$13,186
  • Platform fees (3% of revenue)$1,978
  • Maintenance / capex (5% of revenue)$3,296
  • Utilities & supplies$4,200
  • HOA$576
  • Property tax$2,433
  • Insurance (STR-rated)$4,050

Cash needed to close

  • Down payment (25%)$168,750
  • Closing costs (4.0%)$27,000
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$51,790

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

$590,000

Short-life (5/15-yr)

$145,000 · 25%

Year-1 deduction

$162,000

Year-1 tax shield @ 32%

$52,000

Land 13% (county tax record, market value split) · building $445,000 over 39 years · new furniture $16,000

Based on: 1,722 sq ft, built 2023, 2 bd / 2.5 ba, unfurnished, listing features (hot tub, deck, fireplace, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $99,000 in year 1 (14% short-life, $32,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$102,800
  • Kitchen cabinetsdefault

    $9,600 new × 88% good × 1.79 allocation

    $15,000
  • Kitchen countertopsdefault

    $7,800 new × 88% good × 1.79 allocation

    $12,300
  • Decorative trimdefault

    $3,000 new × 88% good × 1.79 allocation

    $4,700
  • Mirrorsdefault

    $300 new × 75% good × 1.79 allocation

    $400
  • Shelvingdefault

    $900 new × 88% good × 1.79 allocation

    $1,400
  • Window coverings (17)default

    $4,300 new × 70% good × 1.79 allocation

    $5,300
  • Carpet, vinyl & laminate (40% of floors)default

    $4,400 new × 75% good × 1.79 allocation

    $5,900
  • Kitchen & laundry equipment plumbingdefault

    $7,400 new × 94% good × 1.79 allocation

    $12,500
  • Kitchen, laundry & data equipment electricaldefault

    $4,500 new × 94% good × 1.79 allocation

    $7,600
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 75% good × 1.79 allocation

    $10,300
  • Hot tub (freestanding)listing

    $9,000 new × 70% good × 1.79 allocation

    $11,200
  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
15-year land improvements$58,600
  • Paving: driveway & walks (paved)default

    $8,600 new × 88% good × 1.79 allocation

    $13,500
  • Landscaping (typical)default

    $8,300 new × 88% good × 1.79 allocation

    $13,000
  • Patiosdefault

    $1,700 new × 88% good × 1.79 allocation

    $2,700
  • Decks & porches (attached)listing

    $19,400 new × 85% good × 1.79 allocation

    $29,400
Building, 39-year$444,600
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $187,000 new × 95% good × 1.79 allocation

    $317,100
  • Building plumbing & fixturesdefault

    $19,400 new × 94% good × 1.79 allocation

    $32,500
  • Building electrical & lightingdefault

    $19,100 new × 94% good × 1.79 allocation

    $32,100
  • HVACdefault

    $19,400 new × 85% good × 1.79 allocation

    $29,400
  • Hardwood & tile floorsdefault

    $6,600 new × 88% good × 1.79 allocation

    $10,400
  • Fireplacelisting

    $2,600 new × 88% good × 1.79 allocation

    $4,100
  • Septic systemlisting

    $12,000 new × 88% good × 1.79 allocation

    $18,900

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$102,800$58,600$500$161,800
2$0$0$11,400$11,400
3$0$0$11,400$11,400
4$0$0$11,400$11,400
5$0$0$11,400$11,400
6+$0$0$398,500$398,500
Total$102,800$58,600$444,600$605,900

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.