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Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium

1102 Ski View Dr Unit 307

1102 Ski View Dr Unit 307

Gatlinburg, TN 37738

$229,000

2 bd · 2 ba · 912 sqft · Listed today

View on Realtor.com →
Low confidenceNegative cash flow

Year built

1985

Sqft

912

Lot sqft

—

HOA / mo

$415

Furnished

No

List date

2026-10-22T04:31:27.000000Z

Revenue

Annual revenue

$27,753

ADR

$163

Occupancy

47%

Cleaning fees (12 mo)

$6,182

Confidence

Low (27.63), 48 comps

Comp revenue range (p25 / median / p75)

$12,232$25,040$35,698

Median revenue of shown comps: $25,040

  • Smoky Mountain Condo w/ Pool, Hot Tub, Sauna & Views Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 7 ft

    Revenue $3,798ADR $134Occ ≈ 8%5★ (1)

    VrboBooking

  • Cozy Gatlinburg Condo | Pool & Amenities

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 62 ft

    Revenue $24,352ADR $160Occ ≈ 42%4.3★ (23)

    AirbnbVrboBooking

  • Condo in Gatlinburg

    Apartment · 2 bd · 2 ba · sleeps 4 · 62 ft

    Revenue $447ADR $149Occ ≈ 1%5★ (1)

    Airbnb

  • Luxe Family Ski View Condo Perfect 2BR Gatlinburg

    Apartment · 2 bd · 2 ba · sleeps 6 · 62 ft

    Revenue $17,717ADR $197Occ ≈ 25%4.9★ (8)

    AirbnbVrboBooking

  • BearBNB-Mtn views/Pool/Hot Tub/Sauna

    Condominium (condo) · 2 bd · 2 ba · sleeps 5 · 79 ft

    Revenue $27,861ADR $192Occ ≈ 40%5★ (55)

    Airbnb

  • Mountain view condo w/ free attraction tickets & s

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 118 ft

    Revenue $25,437ADR $139Occ ≈ 50%4★ (1)

    AirbnbVrbo

  • Two Bed Room Condo Mountain Views Indoor Pool

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 121 ft

    Revenue $22,103ADR $190Occ ≈ 32%4.5★ (77)

    AirbnbVrboBooking

  • Bear Cub Retreat | Resort Amenities, Mountain View

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 121 ft

    Revenue $31,179ADR $245Occ ≈ 35%3.9★ (35)

    AirbnbVrboBooking

  • 2BR Mountainview, Balcony, Free Attraction Tickets

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 151 ft

    Revenue $4,703ADR $195Occ ≈ 7%4.3★ (165)

    AirbnbVrboBooking

  • 2Mi to Downtown Gatlinburg |Pool | Hot Tub | Sauna

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 207 ft

    Revenue $11,539ADR $195Occ ≈ 16%4.4★ (36)

    AirbnbVrbo

Show 38 more
  • Viewcatcher | Gatlinburg A-Frame • Views • Hot Tub

    House · 2 bd · 2 ba · sleeps 4 · 243 ft

    Revenue $4,015ADR $187Occ ≈ 6%5★ (1)

    AirbnbVrboBooking

  • Ski Condo w/ Fireplace & Free Attraction Tickets

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 371 ft

    Revenue $22,202ADR $180Occ ≈ 34%3.9★ (31)

    AirbnbVrboBooking

  • Mountain Top Retreat - Scenic Sips Near Ober Fun

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 427 ft

    Revenue $16,081ADR $183Occ ≈ 24%4.3★ (13)

    AirbnbVrbo

  • Condo Escape , Views, Near Ober Mountain, Pool , H

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 427 ft

    Revenue $4,470ADR $201Occ ≈ 6%3.1★ (4)

    AirbnbVrboBooking

  • Grandpa's Den #205 · Free ticket to Dollywood and

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $18,516ADR $145Occ ≈ 35%4.5★ (70)

    AirbnbVrbo

  • Arcade game, hot tub, dog friendly 2BR log cabin!

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

    Revenue $77,604ADR $336Occ ≈ 63%5★ (44)

    AirbnbVrbo

  • cheerful mountain condo

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

    Revenue $24,386ADR $149Occ ≈ 45%4.8★ (245)

    AirbnbVrbo

  • Memory Maker- 1 Mile to Ober Gatlinburg + Sleeps 8

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $26,998ADR $216Occ ≈ 34%4.5★ (48)

    AirbnbVrboBooking

  • Moonshine Ridge

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

    Revenue $36,805ADR $171Occ ≈ 59%4.6★ (596)

    AirbnbVrbo

  • GREAT LOCATION; NEWLY RENOVATED CONDO; VIEW, POOL

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $45,106ADR $165Occ ≈ 75%4.9★ (266)

    AirbnbVrbo

  • Calebs Treehouse

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

    Revenue $21,529ADR $157Occ ≈ 38%4.9★ (188)

    AirbnbVrbo

  • Sweet Blessings | Treetop Views, Fireplace, Pool!

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

    Revenue $47,995ADR $284Occ ≈ 46%4★ (80)

    AirbnbVrboBooking

  • Viewcatcher: 2 bed • 2 bath • A-frame

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

    Revenue $4,577ADR $192Occ ≈ 7%—

    Airbnb

  • Gatlinburg 2BR Condo w Mtn Views & Sun-Porch!

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

    Revenue $12,463ADR $242Occ ≈ 14%4.4★ (3)

    AirbnbVrboBooking

  • Chalet Village Upper Alpine Condo w/ Pool Access!

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

    Revenue $31,366ADR $138Occ ≈ 62%4.5★ (116)

    AirbnbVrboBooking

  • Chalet Village • 2BR • 2BA • Pool • Near Ober

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

    Revenue $13,379ADR $150Occ ≈ 24%4.5★ (10)

    AirbnbVrbo

  • FREE Dollywood Ticket • High Alpine 201 • Mountain

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

    Revenue $39,371ADR $145Occ ≈ 74%4.7★ (203)

    AirbnbVrbo

  • Ski Mountain Hideaway - Hot tub & peaceful views!

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

    Revenue $8,750ADR $233Occ ≈ 10%4.5★ (106)

    AirbnbVrboBooking

  • Bears and Bliss! @ BooCub

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $31,387ADR $191Occ ≈ 45%5★ (164)

    AirbnbVrbo

  • Sweet View|EpicView|HotTub|PoolTable|Dollywood tkt

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

    Revenue $67,676ADR $279Occ ≈ 66%4.8★ (182)

    AirbnbVrbo

  • Caleb's Treehouse: High-Flying Smoky Adventure

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

    Revenue $2,174ADR $197Occ ≈ 3%—

    AirbnbVrboBooking

  • #8 Kids Love Playing in Creek -Gburg-2 mile-3 Pool

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

    Revenue $33,592ADR $243Occ ≈ 38%4.6★ (118)

    AirbnbVrbo

  • The Swiss Onyx Chalet*Gatlinburg

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $3,358ADR $239Occ ≈ 4%4.7★ (73)

    AirbnbVrbo

  • *Award Winning Resort*Arcade*MTN Views

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $62,491ADR $264Occ ≈ 65%4.8★ (198)

    AirbnbVrbo

  • A-Frame Gatlinburg Cabin w/ Deck & Private Hot Tub

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

    Revenue $44,734ADR $211Occ ≈ 58%4.2★ (134)

    AirbnbVrboBooking

  • Hilltop Paradise

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $25,740ADR $213Occ ≈ 33%4.3★ (6)

    AirbnbVrboBooking

  • VIEWS | Fireplace | Min.s to D/T Gburg / Ober

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

    Revenue $33,080ADR $210Occ ≈ 43%4.5★ (69)

    AirbnbVrboBooking

  • Condo near skiing & golf + Free Attraction Tickets

    Condominium (condo) · 2 bd · 3 ba · sleeps 7 · 0.2 mi

    Revenue $35,746ADR $217Occ ≈ 45%4.8★ (37)

    AirbnbVrboBooking

  • "Our Mountain Home" 2 Bedroom Condo

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

    Revenue $1,153ADR $297Occ ≈ 1%—

    AirbnbVrbo

  • Mountain Springs-over Gat'g/Ober/Tennis/Pools/Club

    Chalet · 2 bd · 1.5 ba · sleeps 4 · 0.2 mi

    Revenue $33,871ADR $310Occ ≈ 30%4.7★ (140)

    AirbnbVrboBooking

  • Cozy Gatlinburg Condo, 2 Bedroom, 2 BA, sleeps 6!

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

    Revenue $35,682ADR $180Occ ≈ 54%4.6★ (86)

    AirbnbVrboBooking

  • 2 BR/2 BA ~ Mountain ~ Balcony ~ 3 Mi to Downtown

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

    Revenue $37,499ADR $193Occ ≈ 53%5★ (45)

    AirbnbVrbo

  • 🙋🏻 The Yay Chalet ✨ A-Frame in the ♥ of Gatlinburg

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

    Revenue $75,940ADR $390Occ ≈ 53%4.9★ (214)

    AirbnbVrbo

  • #3 Unique Original 1-Level Mountain Chalet-3 Pools

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $24,643ADR $207Occ ≈ 33%4.8★ (310)

    AirbnbVrbo

  • Alpine Overlook: Mtn Views, Pool Access, & Free Attraction Tickets

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

    Revenue $34,474ADR $205Occ ≈ 46%5★

    Vrbo

  • High Alpine #204 - A Mountain Top Retreat

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

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

    Revenue $21,854ADR $165Occ ≈ 36%3.5★ (2)

    AirbnbVrbo

  • Knotty Alpine Cove

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $1,108ADR $221Occ ≈ 1%5★ (1)

    Airbnb

  • The Lodge at Ski Mountain

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

    Revenue $55,473ADR $254Occ ≈ 60%4.8★ (595)

    AirbnbVrbo

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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium

Est. revenue

$27,753

NOI

$8,577

Cash flow /mo

-$563

Cash needed

$82,410

Cash-on-cash

-8.2%

ROE (yr 1)

1.8%

Cap rate

3.7%

DSCR

0.56

Year-1 write-off

$55,955

Year-1 tax shield @ 32%

$17,906

Year-1 return on equity

  • Cash flow (annual)-$6,762
  • Principal paydown$1,393
  • Appreciation at%$6,870
ROE1.8%

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)$5,551
  • Platform fees (3% of revenue)$833
  • Maintenance / capex (5% of revenue)$1,388
  • Utilities & supplies$4,200
  • HOA$4,980
  • Property tax$851
  • Insurance (STR-rated)$1,374

Cash needed to close

  • Down payment (25%)$57,250
  • Closing costs (4.0%)$9,160
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$17,906

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

$143,000

Short-life (5/15-yr)

$40,000 · 28%

Year-1 deduction

$56,000

Year-1 tax shield @ 32%

$18,000

Land 38% (county tax record, market value split) · building $103,000 over 39 years · new furniture $16,000

Based on: 912 sq ft, built 1985, 2 bd / 2 ba, unfurnished, listing features (hot tub, fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $43,000 in year 1 (19% short-life, $14,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$55,800
  • Kitchen cabinetsdefault

    $7,800 new × 40% good × 1.97 allocation

    $6,200
  • Kitchen countertopsdefault

    $6,400 new × 40% good × 1.97 allocation

    $5,000
  • Decorative trimdefault

    $1,600 new × 40% good × 1.97 allocation

    $1,300
  • Mirrorsdefault

    $300 new × 40% good × 1.97 allocation

    $200
  • Shelvingdefault

    $900 new × 40% good × 1.97 allocation

    $700
  • Window coverings (9)default

    $2,300 new × 40% good × 1.97 allocation

    $1,800
  • Carpet, vinyl & laminate (100% of floors)listing

    $5,900 new × 40% good × 1.97 allocation

    $4,600
  • Kitchen & laundry equipment plumbingdefault

    $6,100 new × 40% good × 1.97 allocation

    $4,800
  • Kitchen, laundry & data equipment electricaldefault

    $3,700 new × 40% good × 1.97 allocation

    $2,900
  • Appliances (range, microwave, refrigerator, washer, dryer)listing

    $6,700 new × 40% good × 1.97 allocation

    $5,300
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 1.97 allocation

    $7,100
  • Furniture bought newlisting

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

    $16,000
Building, 39-year$102,800
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $98,400 new × 40% good × 1.97 allocation

    $77,600
  • Building plumbing & fixturesdefault

    $10,200 new × 40% good × 1.97 allocation

    $8,000
  • Building electrical & lightingdefault

    $8,800 new × 40% good × 1.97 allocation

    $7,000
  • HVACdefault

    $10,300 new × 40% good × 1.97 allocation

    $8,100
  • Fireplacelisting

    $2,600 new × 40% good × 1.97 allocation

    $2,100

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$55,800$0$100$56,000
2$0$0$2,600$2,600
3$0$0$2,600$2,600
4$0$0$2,600$2,600
5$0$0$2,600$2,600
6+$0$0$92,200$92,200
Total$55,800$0$102,800$158,700

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.