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

727 Pinecrest Dr

727 Pinecrest Dr

Gatlinburg, TN 37738

$950,000

2 bd · 2 ba · 1,556 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

1999

Sqft

1,556

Lot sqft

23,522

HOA / mo

$48

Furnished

No

List date

2026-11-11T15:50:46.000000Z

Revenue

Annual revenue

$64,447

ADR

$244

Occupancy

72%

Cleaning fees (12 mo)

$13,043

Confidence

Low (48.51), 49 comps

Comp revenue range (p25 / median / p75)

$38,986$57,255$69,913

Median revenue of shown comps: $57,233

  • Great location Brand New Farm house,Game-room

    Cabin · 2 bd · 2 ba · sleeps 8 · 95 ft

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

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

    AirbnbVrbo

  • Falling Brook - Creekside Cabin with Hot Tub

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 115 ft

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

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

    AirbnbVrboBooking

  • Modern Gatlinburg Cabin · Hot Tub · 2 King Suites

    Cabin · 2 bd · 2 ba · sleeps 6 · 367 ft

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

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

    AirbnbVrboBooking

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

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

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

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

    AirbnbVrbo

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

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

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

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

    AirbnbVrbo

  • Prime Location! | Gatlinburg 3 mi | 2 King Beds!

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

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

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

    AirbnbVrbo

  • Brand New Modern Mountain Chalet

    Chalet · 2 bd · 1.5 ba · sleeps 4 · 0.1 mi

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

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

    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, Game Room, Decks: Cabin in Gatlinburg

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.1 mi

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

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

    AirbnbVrboBooking

  • View, Hot Tub, W/D, Grill, Fireplace, Pets Free

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

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

    Revenue $69,913ADR $270Occ ≈ 71%5★ (464)

    AirbnbVrbo

Show 35 more
  • Hot Tub Retreat that is 1 Mile to Gatlinburg Fun

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

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

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

    AirbnbVrboBooking

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

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

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

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

    AirbnbVrboBooking

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

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

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

    AirbnbBooking

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

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

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

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

    AirbnbVrbo

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

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

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

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

    AirbnbVrbo

  • Once upon a time, Events welcome Butler Service

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

    Revenue $90,311ADR $367Occ ≈ 67%4.9★ (249)

    AirbnbVrbo

  • BRAND NEW cozy cabin tucked away

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

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

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

    Airbnb

  • A+ Privacy | Hot Tub | Arcade | Pool | Fast Wi-FI

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

    Revenue $46,247ADR $231Occ ≈ 55%4.9★ (288)

    AirbnbVrbo

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

    Cabin · 2 bd · 3 ba · sleeps 4 · 0.2 mi

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

    Delisted

  • Little Bear: dog-friendly •hot tub

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

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

    Revenue $43,975ADR $222Occ ≈ 54%4.7★ (144)

    AirbnbVrbo

  • Cub Creek Retreat by Avada Properties

    Vacation home · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $60,851ADR $212Occ ≈ 79%4.5★ (1)

    Booking

  • Creekside Cabin w/ Hot Tub, Games + Seasonal Pools

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

    Revenue $38,986ADR $338Occ ≈ 32%4.8★ (22)

    AirbnbVrbo

  • *Amazing 3BR Cabin w/ FIRE PIT+Game Room+HOT TUB!*

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

    Revenue $93,273ADR $300Occ ≈ 85%4.9★ (155)

    AirbnbVrbo

  • 4.7 Mi to DT Gatlinburg・Wooded Setting・Hot tub

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $57,255ADR $254Occ ≈ 62%4.3★ (25)

    AirbnbVrboBooking

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

    House · 2 bd · 2 ba · sleeps 4 · 0.3 mi

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

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

    Airbnb

  • Woodlands: Best Location/Add'l trailer parking

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.3 mi

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

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

    AirbnbVrbo

  • NEWLY BUILT cozy cabin, great views and location!

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

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

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

    Airbnb

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

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

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

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

    AirbnbVrboBooking

  • Big Bear by the Brook

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

    Revenue $44,750ADR $245Occ ≈ 50%4.7★ (154)

    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

  • 2-bedroom apartment in Gatlinburg with access to waterpark

    Apartment · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $789ADR $242Occ ≈ 1%—

    Vrbo

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

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

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

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

    AirbnbVrboBooking

  • Built in 2018! Charming spacious chalet sleeps 6

    Chalet · 2 bd · 2 ba · sleeps 6 · 0.4 mi

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

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

    AirbnbVrbo

  • Knottywood -Charming Cabin - Unforgettable Stay

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.4 mi

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

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

    AirbnbVrbo

  • Woodlands: 4 Person Special Offer

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

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

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

    Airbnb

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

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi

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

    Airbnb

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

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.4 mi

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

    Booking

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

    Cabin · 2 bd · 2.5 ba · sleeps 5 · 0.4 mi

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

    Airbnb

  • Luxurious Modern Cabin with Incredible Game Room and Hot-Tub in Gatlinburg, Tennessee

    Vacation home · 2 bd · 1 ba · sleeps 8 · 0.4 mi

    Revenue $11,547ADR $588Occ ≈ 5%—

    Booking

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

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi

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

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

    AirbnbVrboBooking

  • Chestnut: Beautiful Cabin in the best area.

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.4 mi

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

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

    Airbnb

  • Highland Village D202 Gatlinburg

    Apartment · 2 bd · 2.5 ba · sleeps 6 · 0.4 mi

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

    Airbnb

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

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi

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

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

    AirbnbVrbo

  • Panoramic Mtn Views! Luxe Retreat in Gatlinburg

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.4 mi

    Revenue $38,926ADR $264Occ ≈ 40%4.7★ (141)

    AirbnbVrboBooking

  • Amazing Views! Close to Gatlinburg & Pigeon Forge.

    Guest suite · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $29,260ADR $158Occ ≈ 51%4.8★ (82)

    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

Financing
Management
Term

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

Est. revenue

$64,447

NOI

$34,171

Cash flow /mo

-$2,346

Cash needed

$297,500

Cash-on-cash

-9.5%

ROE (yr 1)

2.1%

Cap rate

3.6%

DSCR

0.55

Year-1 write-off

$165,510

Year-1 tax shield @ 32%

$52,963

Year-1 return on equity

  • Cash flow (annual)-$28,149
  • Principal paydown$6,035
  • Appreciation at%$28,500
ROE2.1%

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)$12,889
  • Platform fees (3% of revenue)$1,933
  • Maintenance / capex (5% of revenue)$3,222
  • Utilities & supplies$4,200
  • HOA$576
  • Property tax$1,755
  • Insurance (STR-rated)$5,700

Cash needed to close

  • Down payment (25%)$237,500
  • Closing costs (4.0%)$38,000
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$52,963

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

$719,000

Short-life (5/15-yr)

$143,000 · 20%

Year-1 deduction

$166,000

Year-1 tax shield @ 32%

$53,000

Land 24% (county tax record, market value split) · building $576,000 over 39 years · new furniture $22,000

Based on: 1,556 sq ft, built 1999, 2 bd / 2 ba, unfurnished, listing features (hot tub, game room, fireplace, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $124,000 in year 1 (14% short-life, $40,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$129,900
  • Kitchen cabinetsdefault

    $9,200 new × 40% good × 4.60 allocation

    $17,000
  • Kitchen countertopsdefault

    $7,500 new × 40% good × 4.60 allocation

    $13,900
  • Decorative trimdefault

    $2,700 new × 40% good × 4.60 allocation

    $5,000
  • Mirrorsdefault

    $300 new × 40% good × 4.60 allocation

    $600
  • Shelvingdefault

    $900 new × 40% good × 4.60 allocation

    $1,700
  • Window coverings (16)default

    $4,000 new × 40% good × 4.60 allocation

    $7,400
  • Carpet, vinyl & laminate (40% of floors)default

    $4,000 new × 40% good × 4.60 allocation

    $7,400
  • Kitchen & laundry equipment plumbingdefault

    $7,200 new × 46% good × 4.60 allocation

    $15,200
  • Kitchen, laundry & data equipment electricaldefault

    $4,300 new × 46% good × 4.60 allocation

    $9,200
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 4.60 allocation

    $14,200
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 4.60 allocation

    $16,600
  • Furniture bought newlisting

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

    $16,000
  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$35,000
  • Paving: driveway & walks (paved)default

    $8,200 new × 50% good × 4.60 allocation

    $18,800
  • Landscaping (minimal)listing

    $3,900 new × 50% good × 4.60 allocation

    $9,100
  • Patiosdefault

    $1,500 new × 50% good × 4.60 allocation

    $3,500
  • Decks & porches (attached)default

    $1,500 new × 50% good × 4.60 allocation

    $3,500
Building, 39-year$576,400
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $168,800 new × 55% good × 4.60 allocation

    $427,500
  • Building plumbing & fixturesdefault

    $17,500 new × 46% good × 4.60 allocation

    $37,000
  • Building electrical & lightingdefault

    $17,000 new × 46% good × 4.60 allocation

    $36,000
  • HVACdefault

    $17,500 new × 40% good × 4.60 allocation

    $32,300
  • Hardwood & tile floorsdefault

    $6,000 new × 40% good × 4.60 allocation

    $11,100
  • Fireplacelisting

    $2,600 new × 40% good × 4.60 allocation

    $4,800
  • Septic systemlisting

    $12,000 new × 50% good × 4.60 allocation

    $27,600

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$129,900$35,000$600$165,500
2$0$0$14,800$14,800
3$0$0$14,800$14,800
4$0$0$14,800$14,800
5$0$0$14,800$14,800
6+$0$0$516,700$516,700
Total$129,900$35,000$576,400$741,300

The building's share of the price ($719,000) is 4.6x our depreciated replacement cost of the home ($156,000). 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.