851 Plantation Dr
Pigeon Forge, TN 37863
$339,000
2 bd · 2 ba · 1,016 sqft · Listed 1d ago
View on Realtor.com →Year built
2003
Sqft
1,016
Lot sqft
436
HOA / mo
$65
Furnished
No
List date
2026-10-11T16:19:00.000000Z
Revenue
Annual revenue
$37,639
ADR
$199
Occupancy
52%
Cleaning fees (12 mo)
$6,847
Confidence
Low (51.12), 49 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $36,540
Haymon Hacienda 2BR/2BA cozy rental in Pigeon Forge. Great Location!
Chalet · 2 bd · 2 ba · sleeps 6 · 328 ft
Revenue $31,152ADR $172Occ ≈ 50%5★ (113)
RiverFront Luxury Chalet - 2Kayaks / 2miles to FUN
Chalet · 2 bd · 2 ba · sleeps 6 · 410 ft
Revenue $26,791ADR $194Occ ≈ 38%4.8★ (286)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Premier Serenity River right off Pigeon Forge Pkwy Cabin | 2 bd · 2 ba · sleeps 6 | $36,612 | $211 | 48% | 5★ (204) | 118 ft | AirbnbVrbo |
RiverPointe Black Bear Chalet! Sleeps 6! House | 2 bd · 2 ba · sleeps 6 | $39,134 | $163 | 66% | 4.8★ (56) | 164 ft | AirbnbVrbo |
Riverside Haven. Easy Drive. Minutes from It All! Chalet | 2 bd · 2 ba · sleeps 6 | $29,076 | $184 | 43% | 5★ (282) | 197 ft | AirbnbVrbo |
River Access- 1 Mile off of Pigeon Forge Parkway- Hot Tub-motor cycle Friendly Chalet | 2 bd · 2 ba · sleeps 6 | $29,479 | $182 | 44% | 4.7★ (38) | 233 ft | VrboBooking |
River Front- 1 mile to Parkway- No Steep Roads House | 2 bd · 2 ba · sleeps 6 | $42,204 | $238 | 49% | 5★ (225) | 305 ft | AirbnbVrbo |
Haymon Hacienda 2BR/2BA cozy rental in Pigeon Forge. Great Location! Chalet | 2 bd · 2 ba · sleeps 6 | $31,152 | $172 | 50% | 5★ (113) | 328 ft | Vrbo |
The Strawberry Bear - New Listing Cottage | 2 bd · 2 ba · sleeps 6 | $6,069 | $236 | 7% | — | 348 ft | AirbnbVrboBooking |
RiverFront Luxury Chalet - 2Kayaks / 2miles to FUN Chalet | 2 bd · 2 ba · sleeps 6 | $26,791 | $194 | 38% | 4.8★ (286) | 410 ft | Airbnb |
Best spot for you and the family in Sevier County House | 2 bd · 2 ba · sleeps 8 | $40,879 | $153 | 73% | 4.4★ (87) | 446 ft | AirbnbVrboBooking |
Breezy Riverfront Chalet- near city center Vacation home | 2 bd · 2 ba · sleeps 6 | $36,413 | $296 | 34% | 4.8★ (101) | 463 ft | AirbnbVrbo |
Show 38 more
CLOSE to the heart of Pigeon Forge w/flat,EZ parking, near the river & free Wifi
Cabin · 2 bd · 2 ba · sleeps 7 · 476 ft
Revenue $44,217ADR $173Occ ≈ 70%5★ (207)
2BR Cozy Pigeon Forge Home | River Access
House · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $3,738ADR $145Occ ≈ 7%5★ (7)
Get Ready For Summer At Anglers Inn-1 mile from Pkwy
House · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $22,285ADR $237Occ ≈ 26%4.9★ (9)
1 Mile From Pigeon Forge Parkway-River Front Cottage-Fishing year round-One story
Chalet · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $37,502ADR $179Occ ≈ 57%4.6★ (74)
NEW! Skinny Dippin 2-Bedroom Cabin - Pets Allowed
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $5,264ADR $268Occ ≈ 5%—
Duck Duck Goose-Riverfront cabin, fishing nearby
Cabin · 2 bd · 2 ba · sleeps 4 · 0.2 mi
Revenue $55,962ADR $245Occ ≈ 63%4.9★ (88)
The Little River Cabin
Chalet · 2 bd · 1 ba · sleeps 4 · 0.2 mi
Revenue $19,691ADR $159Occ ≈ 34%—
Get Ready For Summer At Pedaler's Rest-1 mile from Pkwy
House · 2 bd · 2 ba · sleeps 4 · 0.2 mi
Revenue $19,265ADR $229Occ ≈ 23%4.8★ (44)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
CLOSE to the heart of Pigeon Forge w/flat,EZ parking, near the river & free Wifi Cabin | 2 bd · 2 ba · sleeps 7 | $44,217 | $173 | 70% | 5★ (207) | 476 ft | Vrbo |
The Mason Jar- 1 mile to Pigeon Forge! Hot tub! Chalet | 2 bd · 2 ba · sleeps 4 | $48,684 | $232 | 57% | 4.5★ (62) | 486 ft | AirbnbVrboBooking |
Cottage w/ Covered Parking | River Walk | Pkwy 1 M Cottage | 2 bd · 2 ba · sleeps 6 | $41,015 | $204 | 55% | 4.8★ (145) | 505 ft | AirbnbVrboBooking |
River Pointe Getaway - Pigeon Forge Home + River Access, 3 Mins to the Parkway House | 2 bd · 2 ba · sleeps 6 | $2,860 | $140 | 6% | — | 0.1 mi | VrboBooking |
Our Cottage Riverpointe House | 2 bd · 2 ba · sleeps 6 | $20,162 | $185 | 30% | 5★ (56) | 0.1 mi | AirbnbVrbo |
2BR Cozy Pigeon Forge Home | River Access House | 2 bd · 2 ba · sleeps 6 | $3,738 | $145 | 7% | 5★ (7) | 0.1 mi | Airbnb |
On the River! Restful River Oar’asis Retreat Chalet | 2 bd · 2 ba · sleeps 4 | $36,468 | $206 | 49% | 4.9★ (93) | 0.1 mi | AirbnbVrboBooking |
1 Mile to Parkway | Hot Tub | River Access | Pets House | 2 bd · 2 ba · sleeps 6 | $37,970 | $225 | 46% | 4.8★ (21) | 0.1 mi | AirbnbVrboBooking |
Riverfront Pigeon Forge Cabin w/ Hot Tub, Pet Friendly, Sleeps 6 Chalet | 2 bd · 2 ba · sleeps 6 | $10,707 | $183 | 16% | — | 0.1 mi | VrboBooking |
Rip Waters • Riverside • Hot Tub • 2 King Suites House | 2 bd · 2 ba · sleeps 4 | $34,770 | $264 | 36% | 4.9★ (17) | 0.1 mi | AirbnbVrbo |
Riverfront Retreat in Pigeon Forge-The River Bear Chalet | 2 bd · 2 ba · sleeps 4 | $28,633 | $188 | 42% | 4.9★ (108) | 0.1 mi | AirbnbVrbo |
Get Ready For Summer At Anglers Inn-1 mile from Pkwy House | 2 bd · 2 ba · sleeps 6 | $22,285 | $237 | 26% | 4.9★ (9) | 0.1 mi | Vrbo |
Summer Time at-Pedalers Rest-1 mi. from Pkwy House | 2 bd · 2 ba · sleeps 4 | $18,612 | $235 | 22% | 4.9★ (214) | 0.1 mi | AirbnbVrbo |
1 Mile From Pigeon Forge Parkway-River Front Cottage-Fishing year round-One story Chalet | 2 bd · 2 ba · sleeps 6 | $37,502 | $179 | 57% | 4.6★ (74) | 0.1 mi | Vrbo |
Wind Down Oasis - River, Hot Tub, and Outdoor Fun! House | 2 bd · 2 ba · sleeps 6 | $52,411 | $225 | 64% | 5★ (25) | 0.2 mi | AirbnbVrboBooking |
Duck Duck Goose-Riverfront cabin, fishing nearby Cabin | 2 bd · 2 ba · sleeps 4 | $49,866 | $231 | 59% | 4.9★ (265) | 0.2 mi | AirbnbVrbo |
NEW! Skinny Dippin 2-Bedroom Cabin - Pets Allowed Cabin | 2 bd · 2 ba · sleeps 6 | $5,264 | $268 | 5% | — | 0.2 mi | Vrbo |
River Front Cabin-Hot Tub-Wireless Internet-Fire Pit-1 mile from Pigeon Forge-Great Fishing Cabin | 2 bd · 2 ba · sleeps 6 | $54,369 | $225 | 66% | 4.7★ (59) | 0.2 mi | VrboBooking |
Close to Pigeon Forge, One story, Motorcycle Friendly, River View Chalet | 2 bd · 2 ba · sleeps 6 | $30,559 | $201 | 42% | 4.8★ (20) | 0.2 mi | VrboBooking |
River View | Pigeon Forge | Arcade | Hot Tub | Wi House | 2 bd · 2 ba · sleeps 8 | $68,529 | $264 | 71% | 4.7★ (69) | 0.2 mi | AirbnbVrboBooking |
Pigeon Forge River Front Cabin- Fishing Year Round-firepit with seating and Hottub Cabin | 2 bd · 2 ba · sleeps 6 | $52,471 | $212 | 68% | 4.7★ (71) | 0.2 mi | VrboBooking |
Free Tickets-Riverfront-Sleeps 6-Pet-Friendly Cabin | 2 bd · 2 ba · sleeps 6 | $26,923 | $264 | 28% | 4.5★ (38) | 0.2 mi | AirbnbVrboBooking |
Little Pigeon River Front Cabin-1 Mile of Main Parkway in Pigeon Forge Great Fishing Cabin | 2 bd · 2 ba · sleeps 6 | $56,425 | $233 | 66% | 4.8★ (104) | 0.2 mi | VrboBooking |
A Barrel of Fun-riverfront cabin, fishing nearby Cabin | 2 bd · 2 ba · sleeps 6 | $50,335 | $245 | 56% | 4.9★ (348) | 0.2 mi | AirbnbVrbo |
Duck Duck Goose-Riverfront cabin, fishing nearby Cabin | 2 bd · 2 ba · sleeps 4 | $55,962 | $245 | 63% | 4.9★ (88) | 0.2 mi | Vrbo |
1 mile from Pigeon Forge-River frontage-outdoor kitchen-fire pit-Hot Tub-Great Fishing Cabin | 2 bd · 2 ba · sleeps 8 | $70,161 | $265 | 73% | 4.5★ (39) | 0.2 mi | VrboBooking |
1 Mile from Pigeon Forge New Cabin Firepit on the river Great for fishing Cabin | 2 bd · 2 ba · sleeps 6 | $51,603 | $217 | 65% | 4.7★ (64) | 0.2 mi | VrboBooking |
The Little River Cabin Chalet | 2 bd · 1 ba · sleeps 4 | $19,691 | $159 | 34% | — | 0.2 mi | Booking |
Skinny Dippin: Hot tub, Pet Friendly, Creek Cabin | 2 bd · 2 ba · sleeps 6 | $22,748 | $260 | 24% | 5★ (2) | 0.2 mi | AirbnbVrboBooking |
River Front-Covered Parking-1 Mile Off Main Parkway-Year round fishing Motor cycle Friendly Chalet | 2 bd · 2 ba · sleeps 6 | $45,080 | $213 | 58% | 4★ (26) | 0.2 mi | VrboBooking |
Get Ready For Summer At Pedaler's Rest-1 mile from Pkwy House | 2 bd · 2 ba · sleeps 4 | $19,265 | $229 | 23% | 4.8★ (44) | 0.2 mi | Vrbo |
River Breeze, $560 FREE tickets each paid day Cottage | 2 bd · 2 ba · sleeps 6 | $36,834 | $183 | 55% | 4.2★ (68) | 0.2 mi | AirbnbVrboBooking |
Cheerful, Budget-friendly, 2-bedroom home! House | 2 bd · 2 ba · sleeps 6 | $32,784 | $161 | 56% | 4.8★ (133) | 0.2 mi | AirbnbVrbo |
1 Mile from Pigeon Forge-River Front/River Access-great place to enjoy fishing- Motor cycle Friendly Cabin | 2 bd · 2 ba · sleeps 4 | $48,438 | $209 | 63% | 4.4★ (43) | 0.2 mi | VrboBooking |
Rest Assured by Bear Camp Cottage | 2 bd · 2 ba · sleeps 4 | $37,004 | $184 | 55% | 4.2★ (61) | 0.2 mi | AirbnbVrbo |
Super Clean River Cabin, Fast WIFI, Keyless Entry Cabin | 2 bd · 2 ba · sleeps 6 | $66,148 | $265 | 68% | 5★ (391) | 0.2 mi | AirbnbVrbo |
Moonridge Lodge | Fireplace, Grill & More! House | 2 bd · 2 ba · sleeps 6 | $484 | $121 | 1% | 5★ (2) | 0.2 mi | AirbnbBooking |
2BR River View w/ Hot Tub Fire Tickets House | 2 bd · 2 ba · sleeps 6 | $26,599 | $314 | 23% | — | 0.2 mi | 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
Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$37,639
NOI
$18,751
Cash flow /mo
-$330
Cash needed
$114,310
Cash-on-cash
-3.5%
ROE (yr 1)
7.2%
Cap rate
5.5%
DSCR
0.83
Year-1 write-off
$88,475
Year-1 tax shield @ 32%
$28,312
Year-1 return on equity
- Cash flow (annual)-$3,956
- Principal paydown$2,062
- Appreciation at%$10,170
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)$7,528
- Platform fees (3% of revenue)$1,129
- Maintenance / capex (5% of revenue)$1,882
- Utilities & supplies$4,200
- HOA$780
- Property tax$1,335
- Insurance (STR-rated)$2,034
Cash needed to close
- Down payment (25%)$84,750
- Closing costs (4.0%)$13,560
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$28,312
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
$279,000
Short-life (5/15-yr)
$72,000 · 26%
Year-1 deduction
$88,000
Year-1 tax shield @ 32%
$28,000
Land 18% (county tax record, market value split) · building $207,000 over 39 years · new furniture $16,000
Based on: 1,016 sq ft, built 2003, 2 bd / 2 ba, unfurnished, listing features (deck, fireplace, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $58,000 in year 1 (15% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,700
Kitchen cabinetsdefault
$8,000 new × 40% good × 2.39 allocation
- $6,300
Kitchen countertopsdefault
$6,600 new × 40% good × 2.39 allocation
- $1,700
Decorative trimdefault
$1,800 new × 40% good × 2.39 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.39 allocation
- $900
Shelvingdefault
$900 new × 40% good × 2.39 allocation
- $2,400
Window coverings (10)default
$2,500 new × 40% good × 2.39 allocation
- $2,500
Carpet, vinyl & laminate (40% of floors)default
$2,600 new × 40% good × 2.39 allocation
- $8,100
Kitchen & laundry equipment plumbingdefault
$6,200 new × 54% good × 2.39 allocation
- $4,900
Kitchen, laundry & data equipment electricaldefault
$3,800 new × 54% good × 2.39 allocation
- $7,400
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 2.39 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $7,900
Paving: driveway & walks (paved)default
$6,600 new × 50% good × 2.39 allocation
- $7,600
Landscaping (typical)default
$6,400 new × 50% good × 2.39 allocation
- $1,200
Patiosdefault
$1,000 new × 50% good × 2.39 allocation
- $13,600
Decks & porches (attached)listing
$11,400 new × 50% good × 2.39 allocation
- $161,700
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$109,800 new × 62% good × 2.39 allocation
- $14,700
Building plumbing & fixturesdefault
$11,400 new × 54% good × 2.39 allocation
- $13,100
Building electrical & lightingdefault
$10,200 new × 54% good × 2.39 allocation
- $10,900
HVACdefault
$11,400 new × 40% good × 2.39 allocation
- $3,700
Hardwood & tile floorsdefault
$3,900 new × 40% good × 2.39 allocation
- $2,500
Fireplacelisting
$2,600 new × 40% good × 2.39 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $57,900 | $30,300 | $200 | $88,500 |
| 2 | $0 | $0 | $5,300 | $5,300 |
| 3 | $0 | $0 | $5,300 | $5,300 |
| 4 | $0 | $0 | $5,300 | $5,300 |
| 5 | $0 | $0 | $5,300 | $5,300 |
| 6+ | $0 | $0 | $185,200 | $185,200 |
| Total | $57,900 | $30,300 | $206,600 | $294,900 |
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.