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Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

920 W Cedar Ln

920 W Cedar Ln

Gatlinburg, TN 37738

$799,900

2 bd · 2.5 ba · 2,088 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2019

Sqft

2,088

Lot sqft

15,246

HOA / mo

$38

Furnished

No

List date

2026-10-02T15:34:46.000000Z

Revenue

Annual revenue

$68,580

ADR

$283

Occupancy

66%

Cleaning fees (12 mo)

$9,632

Confidence

Med (56.06), 48 comps

Comp revenue range (p25 / median / p75)

$52,499$67,789$79,242

Median revenue of shown comps: $67,325

  • Eagles Nest • Mountain View • Hot Tub • Location

    Cabin · 2 bd · 2 ba · sleeps 4 · 371 ft

    Revenue $37,363ADR $279Occ ≈ 37%5★ (13)

    AirbnbVrbo

  • Hello Smoky's | Panoramic Views, Hot Tub, Game

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

    Revenue $117,816ADR $414Occ ≈ 78%4.8★ (111)

    AirbnbVrboBooking

  • Mtn View EPIC view | hottub | theater | pool table

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

    Revenue $68,253ADR $289Occ ≈ 65%5★ (76)

    AirbnbVrbo

  • Modern Cabin With Unbelievable View and Great Location with large hot tub!!

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

    Revenue $83,190ADR $305Occ ≈ 75%4.9★ (224)

    Vrbo

  • Paradise Peake •PoolTable | HotTub | Epic View

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

    Revenue $70,837ADR $277Occ ≈ 70%4.8★ (109)

    AirbnbVrbo

  • Breathless: View•HotTub•PoolTbl•Theater•Dwood tkt

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

    Revenue $76,780ADR $283Occ ≈ 74%5★ (31)

    AirbnbVrbo

  • The ELM/PanoramicMountainView/BrandNewLuxuryCabin

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

    Revenue $118,903ADR $400Occ ≈ 81%4.8★ (222)

    AirbnbVrbo

  • "Susie's Nest" A Mountain Cabin

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

    Revenue $90,760ADR $322Occ ≈ 77%5★ (133)

    AirbnbVrbo

  • Cozy 2-bedroom cabin in fantastic Gatlinburg with WiFi, AC

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

    Revenue $13,771ADR $186Occ ≈ 20%3.4★ (9)

    Vrbo

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

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

    Revenue $16,218ADR $233Occ ≈ 19%5★ (3)

    Vrbo

Show 37 more
  • Modern Mountain Escape w/ Views, Hot Tub & Firepla

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

    Revenue $57,731ADR $333Occ ≈ 47%4.8★ (28)

    AirbnbVrbo

  • HUGE VIEWS! | Fire Pit | Near DTown Gatlinburg!

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

    Revenue $69,613ADR $344Occ ≈ 55%5★ (231)

    Airbnb

  • Patriots Den - King Suites and Porch Swings

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

    Revenue $51,746ADR $312Occ ≈ 45%4.7★ (70)

    AirbnbVrboBooking

  • WOW View! 2 Master Suites! 4 Decks! Huge Game Room

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

    Revenue $119,205ADR $354Occ ≈ 92%5★ (207)

    AirbnbVrbo

  • 2 King Suites + Hot Tub | Sleeps 6 | Gatlinburg

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

    Revenue $42,223ADR $265Occ ≈ 44%4.9★ (277)

    AirbnbVrbo

  • Bare's End: Hot Tub • Mtn View • Free Dollywood Ticket

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

    Revenue $46,416ADR $254Occ ≈ 50%4.9★ (82)

    AirbnbVrbo

  • Black Bear Cabin - Luxury Cabin - Gatlinburg

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

    Revenue $52,560ADR $320Occ ≈ 45%4.8★ (37)

    AirbnbVrboBooking

  • Chestnut: 4 Person Special Offer

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

    Revenue $52,317ADR $196Occ ≈ 73%5★ (23)

    Airbnb

  • Sweetgum Lodge Panoramic View, Hot Tub, Game Room

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

    Revenue $61,039ADR $419Occ ≈ 40%5★ (67)

    AirbnbVrbo

  • Cozy Cave | Mountain View! | Sleeps 6 | 2022 Cabin

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

    Revenue $60,056ADR $291Occ ≈ 57%4.9★ (161)

    Airbnb

  • Take it Easy with hot tub and community pool

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

    Revenue $133,970ADR $626Occ ≈ 59%5★ (1)

    Booking

  • Cozy Cabin with Stargazing Deck & Relaxing Hot Tub

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

    Revenue $70,275ADR $248Occ ≈ 78%4.8★ (201)

    AirbnbVrbo

  • New! Austin's Mountain Hideaway

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

    Revenue $5,109ADR $300Occ ≈ 5%—

    AirbnbVrbo

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

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

    Revenue $41,680ADR $312Occ ≈ 37%4.8★ (23)

    AirbnbVrboBooking

  • Gatlinburg Condo • 2 King Beds • Views• Pool

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $56,458ADR $301Occ ≈ 51%5★ (43)

    AirbnbVrboBooking

  • 2BD-Sleeps6- New Luxury Condo with Bird's Eye View

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $79,788ADR $314Occ ≈ 70%4.7★ (33)

    AirbnbVrboBooking

  • 2 BR/2 BA Luxury Gatlinburg Condo with $1000 of Fr

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $66,146ADR $302Occ ≈ 60%5★ (41)

    AirbnbVrbo

  • Discover Gatlinburg in Luxury - 2 BR!

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $72,605ADR $309Occ ≈ 64%5★ (26)

    AirbnbVrboBooking

  • 2 BD New Luxury Condo- Outdoor Pool-Sleeps 6- Free

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $79,831ADR $305Occ ≈ 72%4.8★ (28)

    AirbnbVrboBooking

  • 2 Bd with Views- New Luxury Condo- Outdoor Pool-Sl

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $67,325ADR $297Occ ≈ 62%5★ (25)

    AirbnbVrboBooking

  • Gatlinburg 2 BD| Luxury Vacation Rental| Free Tickets & Views for miles!

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $83,343ADR $280Occ ≈ 82%5★ (28)

    VrboBooking

  • NEW Condo Resort- Luxury-Sleeps 6-Stunning Views!

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $52,699ADR $309Occ ≈ 47%4.9★ (26)

    AirbnbVrboBooking

  • Wake up to Smoky Mountain views! 2BR condo—plus en

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $62,928ADR $289Occ ≈ 60%5★ (38)

    AirbnbVrboBooking

  • 2 BD| Pool & Mountain View| Sleeps 6| Luxury Renta

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $69,804ADR $303Occ ≈ 63%—

    Airbnb

  • 2 BD| Pool & Mountain View| Sleeps 6| Luxury Renta

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $66,715ADR $301Occ ≈ 61%4.9★ (33)

    AirbnbVrboBooking

  • Gatlinburg 2 BD| Luxury Vacation Rental| Free Tick

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $92,776ADR $316Occ ≈ 80%5★ (29)

    AirbnbVrboBooking

  • 2 BD| Pool & Mountain View| Sleeps 6| Luxury Renta

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $69,031ADR $306Occ ≈ 62%5★ (25)

    AirbnbVrbo

  • 2 BD| Pool & Mountain View| Sleeps 6| Luxury Renta

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $66,520ADR $295Occ ≈ 62%5★ (53)

    AirbnbVrboBooking

  • Highlands of the Smokies, 2 BR, Views, Free Ticket

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $58,042ADR $299Occ ≈ 53%4.8★ (28)

    AirbnbBooking

  • 2 BD| Pool & Mountain View| Sleeps 6| Luxury Renta

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $74,271ADR $306Occ ≈ 66%5★ (10)

    AirbnbBooking

  • 2 BD| Pool & Mountain View| Sleeps 6| Gatlinburg R

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $79,060ADR $304Occ ≈ 71%5★ (2)

    AirbnbBooking

  • New 2 BD- Luxury Vacation and Amenities- Free Tkts

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $87,774ADR $304Occ ≈ 79%4.8★ (26)

    AirbnbVrboBooking

  • "Gatlinburg Splash" 2 Bedroom Cabin

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

    Revenue $72,109ADR $436Occ ≈ 45%4.5★ (2)

    Airbnb

  • Welcome to Taylor's Obsession, your tranquil haven in the breathtaking Smokys

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

    Revenue $1,045ADR $392Occ ≈ 1%4.4★ (3)

    Vrbo

  • Chestnut: Beautiful Cabin in the best area.

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

    Revenue $96,062ADR $302Occ ≈ 87%5★ (415)

    AirbnbVrbo

  • MTN Views|2 King Suites|Hot Tub|Sept. Specials!

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

    Revenue $680ADR $226Occ ≈ 1%4★ (1)

    Airbnb

  • Luxurious Unit - Mountain Views

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

    Revenue $41,766ADR $380Occ ≈ 30%5★ (30)

    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 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

Est. revenue

$68,580

NOI

$38,098

Cash flow /mo

-$1,240

Cash needed

$253,971

Cash-on-cash

-5.9%

ROE (yr 1)

5.6%

Cap rate

4.8%

DSCR

0.72

Year-1 write-off

$149,426

Year-1 tax shield @ 32%

$47,816

Year-1 return on equity

  • Cash flow (annual)-$14,877
  • Principal paydown$4,982
  • Appreciation at%$23,997
ROE5.6%

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)$13,716
  • Platform fees (3% of revenue)$2,057
  • Maintenance / capex (5% of revenue)$3,429
  • Utilities & supplies$4,200
  • HOA$456
  • Property tax$1,824
  • Insurance (STR-rated)$4,799

Cash needed to close

  • Down payment (25%)$199,975
  • Closing costs (4.0%)$31,996
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$47,816

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

$690,000

Short-life (5/15-yr)

$127,000 · 18%

Year-1 deduction

$149,000

Year-1 tax shield @ 32%

$48,000

Land 14% (county tax record, market value split) · building $564,000 over 39 years · new furniture $22,000

Based on: 2,088 sq ft, built 2019, 2 bd / 2.5 ba, unfurnished, listing features (deck, game room, stone counters, flooring types, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $80,000 in year 1 (8% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$93,700
  • Kitchen cabinetsdefault

    $10,400 new × 72% good × 2.05 allocation

    $15,300
  • Kitchen countertops (stone)listing

    $10,600 new × 72% good × 2.05 allocation

    $15,700
  • Decorative trimdefault

    $3,700 new × 72% good × 2.05 allocation

    $5,400
  • Mirrorsdefault

    $300 new × 42% good × 2.05 allocation

    $300
  • Shelvingdefault

    $900 new × 72% good × 2.05 allocation

    $1,300
  • Window coverings (21)default

    $5,300 new × 40% good × 2.05 allocation

    $4,300
  • Kitchen & laundry equipment plumbingdefault

    $8,100 new × 86% good × 2.05 allocation

    $14,200
  • Kitchen, laundry & data equipment electricaldefault

    $4,900 new × 86% good × 2.05 allocation

    $8,600
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 42% good × 2.05 allocation

    $6,600
  • 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$55,100
  • Paving: driveway & walks (paved)default

    $9,500 new × 72% good × 2.05 allocation

    $14,000
  • Landscaping (minimal)listing

    $4,600 new × 72% good × 2.05 allocation

    $6,700
  • Patiosdefault

    $2,100 new × 72% good × 2.05 allocation

    $3,000
  • Decks & porches (attached)listing

    $23,500 new × 65% good × 2.05 allocation

    $31,300
Building, 39-year$563,600
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $226,900 new × 88% good × 2.05 allocation

    $411,300
  • Building plumbing & fixturesdefault

    $23,500 new × 86% good × 2.05 allocation

    $41,500
  • Building electrical & lightingdefault

    $23,700 new × 86% good × 2.05 allocation

    $41,900
  • HVACdefault

    $23,500 new × 65% good × 2.05 allocation

    $31,400
  • Hardwood & tile floorsdefault

    $13,400 new × 72% good × 2.05 allocation

    $19,800
  • Septic systemlisting

    $12,000 new × 72% good × 2.05 allocation

    $17,700

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$93,700$55,100$600$149,400
2$0$0$14,400$14,400
3$0$0$14,400$14,400
4$0$0$14,400$14,400
5$0$0$14,400$14,400
6+$0$0$505,200$505,200
Total$93,700$55,100$563,600$712,400

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.