510 Geneva Ln
Gatlinburg, TN 37738
$935,000
4 bd · 5 ba · 3,242 sqft · Listed today
View on Realtor.com →Year built
2004
Sqft
3,242
Lot sqft
15,682
HOA / mo
$175
Furnished
No
List date
2026-11-12T03:03:31.000000Z
Revenue
Annual revenue
$107,673
ADR
$490
Occupancy
60%
Cleaning fees (12 mo)
$19,639
Confidence
High (71.32), 22 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $110,355
Tennessee Roots by Stony Brook Cabins
Vacation home · 4 bd · 4 ba · sleeps 12 · 0.3 mi
Revenue $106,931ADR $456Occ ≈ 64%4.7★ (13)
Gatlinburg Luxury, Mountains, Hot Tub, Golf, Pool
Cabin · 4 bd · 4 ba · sleeps 10 · 0.3 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +5
Revenue $90,101ADR $515Occ ≈ 48%5★ (47)
The Perfect Tenn By Stony Brook Cabins
Vacation home · 4 bd · 5 ba · sleeps 12 · 0.3 mi
Revenue $160,548ADR $509Occ ≈ 86%4.5★ (1)
The Windchimer Luxury Log Cabin with panoramic mountain view ..
Cabin · 4 bd · 5.5 ba · sleeps 10 · 0.4 mi
- Pool
- A/C
- Free parking
- Wifi
- +5
Revenue $67,537ADR $526Occ ≈ 35%4.8★ (57)
Moonshine Memories, Breathtaking Mtn Views, Hot Tub, WIFI, 560 FREE tickets each paid day!
Chalet · 4 bd · 4 ba · sleeps 10 · 0.4 mi
Revenue $87,495ADR $364Occ ≈ 66%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Woody's Mountain Lodge - Serene Mountain Setting Cabin
| 4 bd · 5 ba · sleeps 11 | $68,219 | $356 | 53% | 4.9★ (30) | 0.3 mi | AirbnbVrboBooking |
Luxury cabin with 4 master suites, stunning Cabin
| 4 bd · 4.5 ba · sleeps 12 | $163,448 | $585 | 77% | 4.8★ (45) | 0.3 mi | AirbnbVrbo |
Tennessee Roots by Stony Brook Cabins Vacation home | 4 bd · 4 ba · sleeps 12 | $106,931 | $456 | 64% | 4.7★ (13) | 0.3 mi | Booking |
Gatlinburg Luxury, Mountains, Hot Tub, Golf, Pool Cabin
| 4 bd · 4 ba · sleeps 10 | $90,101 | $515 | 48% | 5★ (47) | 0.3 mi | Airbnb |
Tennessee Roots - Magnificent Mountain Views Cabin
| 4 bd · 4 ba · sleeps 12 | $88,213 | $489 | 49% | 4.5★ (27) | 0.3 mi | AirbnbVrbo |
The Perfect Tenn By Stony Brook Cabins Vacation home | 4 bd · 5 ba · sleeps 12 | $160,548 | $509 | 86% | 4.5★ (1) | 0.3 mi | Booking |
The Ember Vacation home | 4 bd · 5 ba · sleeps 9 | $129,265 | $461 | 77% | — | 0.4 mi | Booking |
The Windchimer Luxury Log Cabin with panoramic mountain view .. Cabin
| 4 bd · 5.5 ba · sleeps 10 | $67,537 | $526 | 35% | 4.8★ (57) | 0.4 mi | Vrbo |
Moonshine Memories, Breathtaking Mtn Views, Hot Tub, WIFI, 560 FREE tickets each paid day! Chalet | 4 bd · 4 ba · sleeps 10 | $87,495 | $364 | 66% | — | 0.4 mi | Booking |
Moonshine Memories, Breathtaking Views, Game Room Cabin
| 4 bd · 4 ba · sleeps 10 | $86,308 | $395 | 60% | 4★ (8) | 0.4 mi | AirbnbVrbo |
Show 8 more
Cozy Bear by American Patriot Getaways
Vacation home · 4 bd · 6 ba · sleeps 10 · 0.7 mi
Revenue $76,886ADR $362Occ ≈ 58%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Rock Cottage by Creekside Hideaway House
| 4 bd · 5 ba · sleeps 12 | $98,078 | $517 | 52% | 5★ (30) | 0.5 mi | AirbnbVrbo |
Southern Skies - Forever Views - Theater Room Cabin
| 4 bd · 4 ba · sleeps 12 | $132,709 | $570 | 64% | 4.9★ (62) | 0.5 mi | AirbnbVrboBooking |
Stunning Smoky Mountain Views | Luxury Escape House
| 4 bd · 4 ba · sleeps 12 | $115,588 | $568 | 56% | 5★ (93) | 0.5 mi | AirbnbVrbo |
NEW Cabin w/ Indoor Pool, Hot Tub, Game Room Cabin
| 4 bd · 4 ba · sleeps 12 | $113,779 | $595 | 52% | 4.9★ (59) | 0.6 mi | AirbnbVrbo |
Cozy Bear by American Patriot Getaways Vacation home | 4 bd · 6 ba · sleeps 10 | $76,886 | $362 | 58% | — | 0.7 mi | Booking |
Luxe Gatlinburg Getaway! MTN Views! Theatre! Style Cabin
| 4 bd · 4 ba · sleeps 12 | $141,276 | $548 | 71% | 4.8★ (66) | 0.7 mi | AirbnbVrbo |
Creeksong: Creekside, Fire Pit, Outdoor Living Cabin
| 4 bd · 4 ba · sleeps 10 | $148,046 | $608 | 67% | 4.8★ (241) | 0.7 mi | AirbnbVrboBooking |
Take Me Down to "Bearadise City" Cabin
| 4 bd · 4 ba · sleeps 10 | $114,117 | $481 | 65% | 4.9★ (70) | 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
Rate 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$107,673
NOI
$63,079
Cash flow /mo
$145
Cash needed
$294,150
Cash-on-cash
0.6%
ROE (yr 1)
12.1%
Cap rate
6.7%
DSCR
1.03
Year-1 write-off
$161,196
Year-1 tax shield @ 32%
$51,583
Year-1 return on equity
- Cash flow (annual)$1,742
- Principal paydown$5,940
- Appreciation at%$28,050
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)$21,535
- Platform fees (3% of revenue)$3,230
- Maintenance / capex (5% of revenue)$5,384
- Utilities & supplies$4,200
- HOA$2,100
- Property tax$2,536
- Insurance (STR-rated)$5,610
Cash needed to close
- Down payment (25%)$233,750
- Closing costs (4.0%)$37,400
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$51,583
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
$813,000
Short-life (5/15-yr)
$137,000 · 17%
Year-1 deduction
$161,000
Year-1 tax shield @ 32%
$52,000
Land 13% (county tax record, market value split) · building $675,000 over 39 years · new furniture $23,000
Based on: 3,242 sq ft, built 2004, 4 bd / 5 ba, unfurnished, listing features (hot tub, deck, fireplace, flooring types, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $91,000 in year 1 (8% short-life, $29,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,800
Kitchen cabinetsdefault
$12,900 new × 40% good × 2.29 allocation
- $9,700
Kitchen countertopsdefault
$10,600 new × 40% good × 2.29 allocation
- $5,200
Decorative trimdefault
$5,700 new × 40% good × 2.29 allocation
- $700
Mirrorsdefault
$800 new × 40% good × 2.29 allocation
- $1,400
Shelvingdefault
$1,500 new × 40% good × 2.29 allocation
- $7,300
Window coverings (32)default
$8,000 new × 40% good × 2.29 allocation
- $12,900
Kitchen & laundry equipment plumbingdefault
$10,000 new × 56% good × 2.29 allocation
- $7,800
Kitchen, laundry & data equipment electricaldefault
$6,100 new × 56% good × 2.29 allocation
- $7,100
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 2.29 allocation
- $8,200
Hot tub (freestanding)listing
$9,000 new × 40% good × 2.29 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $13,500
Paving: driveway & walks (paved)default
$11,800 new × 50% good × 2.29 allocation
- $6,500
Landscaping (minimal)listing
$5,700 new × 50% good × 2.29 allocation
- $3,700
Patiosdefault
$3,200 new × 50% good × 2.29 allocation
- $41,800
Decks & porches (attached)listing
$36,500 new × 50% good × 2.29 allocation
- $510,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$352,000 new × 63% good × 2.29 allocation
- $46,900
Building plumbing & fixturesdefault
$36,600 new × 56% good × 2.29 allocation
- $49,200
Building electrical & lightingdefault
$38,400 new × 56% good × 2.29 allocation
- $33,500
HVACdefault
$36,500 new × 40% good × 2.29 allocation
- $19,100
Hardwood & tile floorsdefault
$20,900 new × 40% good × 2.29 allocation
- $2,400
Fireplacelisting
$2,600 new × 40% good × 2.29 allocation
- $13,700
Septic systemlisting
$12,000 new × 50% good × 2.29 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $95,000 | $65,400 | $700 | $161,200 |
| 2 | $0 | $0 | $17,300 | $17,300 |
| 3 | $0 | $0 | $17,300 | $17,300 |
| 4 | $0 | $0 | $17,300 | $17,300 |
| 5 | $0 | $0 | $17,300 | $17,300 |
| 6+ | $0 | $0 | $605,300 | $605,300 |
| Total | $95,000 | $65,400 | $675,300 | $835,700 |
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.