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Rate 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium

2733 Timber Way

2733 Timber Way

Pigeon Forge, TN 37863

$499,999

2 bd · 2 ba · 1,267 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

1995

Sqft

1,267

Lot sqft

436

HOA / mo

$225

Furnished

No

List date

2026-10-25T10:05:20.000000Z

Revenue

Annual revenue

$44,854

ADR

$209

Occupancy

59%

Cleaning fees (12 mo)

$9,069

Confidence

Med (61.17), 50 comps

Comp revenue range (p25 / median / p75)

$33,578$44,133$57,134

Median revenue of shown comps: $44,695

  • Save on Attractions and Stay Close to the Action!

    Cabin · 2 bd · 2 ba · sleeps 6 · 95 ft

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $54,842ADR $223Occ ≈ 67%4.7★ (73)

    AirbnbVrbo

  • Close to Pigeon Forge- walking distance to outdoor pool-Outdoor kitchen and tv area and much more

    Chalet · 2 bd · 2 ba · sleeps 8 · 115 ft

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

    Revenue $66,200ADR $249Occ ≈ 73%4.8★ (18)

    Vrbo

  • Near Parkway • 2BR/2BA • Jetted Tub • Pool Access

    Cabin · 2 bd · 2 ba · sleeps 4 · 151 ft

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $26,593ADR $208Occ ≈ 35%4★ (28)

    AirbnbVrbo

  • Cockadoodle House Rise & Shine in the Smokies

    Chalet · 2 bd · 2 ba · sleeps 4 · 154 ft

    Revenue $22,290ADR $166Occ ≈ 37%2.1★ (3)

    Booking

  • Magnolia Cottage

    Cabin · 2 bd · 2 ba · sleeps 4 · 167 ft

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

    Revenue $44,602ADR $153Occ ≈ 80%4.9★ (96)

    AirbnbVrbo

  • 1.5 Mi to The Island | Hot Tub & Pool | Sleeps 4

    Cabin · 2 bd · 2 ba · sleeps 4 · 213 ft

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

    Revenue $58,036ADR $210Occ ≈ 76%4.7★ (97)

    AirbnbVrbo

  • Picturesque Pigeon Forge Cabin w/ Mountain Views

    Cabin · 2 bd · 2 ba · sleeps 6 · 259 ft

    Revenue $37,304ADR $200Occ ≈ 51%4.6★ (73)

    AirbnbBooking

  • Cozy Cabin • Dollywood • Hot Tub • Pets OK • Views

    Cabin · 2 bd · 2 ba · sleeps 6 · 289 ft

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

    Revenue $66,062ADR $245Occ ≈ 74%4.8★ (68)

    AirbnbVrbo

  • Pigeon Forge Cabin w/ Jetted Tub | Free Tix

    Cabin · 2 bd · 2 ba · sleeps 6 · 289 ft

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $38,281ADR $187Occ ≈ 56%4.8★ (31)

    AirbnbVrbo

  • Family-Friendly Cabin Near Dollywood - Sleeps 8

    Cabin · 2 bd · 2 ba · sleeps 8 · 295 ft

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

    Revenue $37,692ADR $259Occ ≈ 40%4.2★ (33)

    AirbnbBooking

Show 32 more
  • Mountain Chalet Near Dollywood - Sleeps 8, Hot Tub

    Chalet · 2 bd · 2 ba · sleeps 8 · 295 ft

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

    Revenue $38,904ADR $269Occ ≈ 40%4.8★ (37)

    AirbnbVrboBooking

  • Cozy Hot Tub Chalet | Minutes to The Island

    Cabin · 2 bd · 2 ba · sleeps 6 · 302 ft

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

    Revenue $44,788ADR $206Occ ≈ 60%5★ (85)

    AirbnbVrbo

  • Only 3 minutes to the Parkway Great Location!

    Cabin · 2 bd · 2 ba · sleeps 6 · 335 ft

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

    Revenue $46,616ADR $189Occ ≈ 68%5★ (320)

    AirbnbVrbo

  • 2.3 Mi to DT Pigeon Forge・Hot Tub・Arcade・Pool Use

    Cabin · 2 bd · 2 ba · sleeps 5 · 335 ft

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

    Revenue $20,042ADR $236Occ ≈ 23%3.6★ (6)

    AirbnbVrboBooking

  • Cozy Pigeon Forge Cabin w/ Hot Tub, Arcade & Resort Pool Near Dollywood

    Chalet · 2 bd · 2 ba · sleeps 8 · 341 ft

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

    Revenue $58,250ADR $244Occ ≈ 65%4.3★ (72)

    Vrbo

  • Goldilocks' Honey Pot: Near Dollywood!

    Cabin · 2 bd · 2 ba · sleeps 6 · 341 ft

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

    Revenue $53,331ADR $212Occ ≈ 69%4.7★ (167)

    AirbnbVrboBooking

  • Cabin w/ Hot Tub & Resort Pool + Free Tickets

    House · 2 bd · 2 ba · sleeps 8 · 377 ft

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

    Revenue $19,286ADR $250Occ ≈ 21%—

    AirbnbVrbo

  • 2 Pools*Hottub*Mins-Pkwy/Dollywood*Arcade*Firepit

    Chalet · 2 bd · 2.5 ba · sleeps 6 · 394 ft

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

    Revenue $43,806ADR $217Occ ≈ 55%5★ (311)

    AirbnbVrboBooking

  • Pet Friendly 2 Bedroom Convenient Pigeon Forge Parkway Location-Hot Tub-Internet

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 404 ft

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

    Revenue $29,522ADR $173Occ ≈ 47%3.1★ (11)

    VrboBooking

  • 2BR Cabin w/ Free Attraction Tickets & Hot Tub

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 404 ft

    Revenue $12,891ADR $180Occ ≈ 20%4.5★ (92)

    AirbnbBooking

  • Forge Chalet | Hilltop Getaway Near Dollywood

    Chalet · 2 bd · 2.5 ba · sleeps 8 · 407 ft

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

    Revenue $57,375ADR $303Occ ≈ 52%4.7★ (31)

    AirbnbVrboBooking

  • Kellys Cabin by American Patriot Getaways

    Vacation home · 2 bd · 2 ba · sleeps 6 · 440 ft

    Revenue $34,044ADR $0Occ ≈ ——

    Booking

  • Forge Chalet: Hilltop Hideaway

    House · 2 bd · 3 ba · sleeps 8 · 463 ft

    Revenue $43,134ADR $272Occ ≈ 43%5★ (1)

    Delisted

  • Beautiful 2-Story Mountain Cabin Located 3 Mins From Parkway

    Cabin · 2 bd · 2 ba · sleeps 7 · 476 ft

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

    Revenue $36,232ADR $181Occ ≈ 55%4.6★ (233)

    Vrbo

  • 2 King Suites • Near Dollywood • No Steep Roads

    Cabin · 2 bd · 2 ba · sleeps 7 · 482 ft

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

    Revenue $85,339ADR $275Occ ≈ 85%4.9★ (471)

    AirbnbVrbo

  • 2 BR w/ arcade game & Free Attraction Tickets

    Cabin · 2 bd · 2 ba · sleeps 5 · 482 ft

    Revenue $8,754ADR $243Occ ≈ 10%4.8★ (11)

    AirbnbBooking

  • Cozy Smoky Mtn Cabin,Hot Tub,Game Room,Near Pkwy

    Cabin · 2 bd · 1.5 ba · sleeps 5 · 482 ft

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

    Revenue $57,273ADR $221Occ ≈ 71%5★ (192)

    AirbnbVrbo

  • Cozy log cabin very close to Pigeon Forge Parkway with a hot tub and a jacuzzi tub!

    Chalet · 2 bd · 1 ba · sleeps 4 · 522 ft

    Revenue $36,682ADR $161Occ ≈ 62%4.5★ (2)

    Booking

  • 1 Mile From The Main Parkway in Pigeon Forge - Outdoor Pool Access-Free Internet-Hot tub

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +3

    Revenue $32,149ADR $178Occ ≈ 49%4.2★ (43)

    Vrbo

  • Magnolia Cottage

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    Revenue $11,784ADR $126Occ ≈ 26%—

    Delisted

  • Gateway to the Smokies: Your Door to the Mountains

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

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

    Revenue $49,517ADR $255Occ ≈ 53%4.8★ (14)

    AirbnbVrbo

  • Pigeon Forge | Cabin | Hot Tub | Mountain View

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

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

    Revenue $71,051ADR $292Occ ≈ 67%4.7★ (99)

    AirbnbVrboBooking

  • Fall Sale • Pigeon Forge Fun • 2 Kings + Bunks

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

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $35,942ADR $258Occ ≈ 38%5★ (32)

    AirbnbVrbo

  • Kelly's Cabin*2 mi to Pigeon Forge*Studio Layout

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.1 mi

    Revenue $45,776ADR $204Occ ≈ 61%4.7★ (7)

    Delisted

  • The Nut House- very close to Pigeon Forge!

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

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

    Revenue $61,874ADR $258Occ ≈ 66%4.5★ (38)

    AirbnbVrboBooking

  • Casual Cabin, Sleeps 6, Hot Tub, Grill, Fireplace

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.1 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +2

    Revenue $33,423ADR $196Occ ≈ 47%4.2★ (27)

    AirbnbVrboBooking

  • Saddle Up! Half mile to the Parkway!

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

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

    Revenue $46,149ADR $253Occ ≈ 50%4.4★ (24)

    AirbnbVrbo

  • Kelly's Cabin*2 mi to Pigeon Forge*Studio Layout

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

    Revenue $56,717ADR $276Occ ≈ 56%—

    Airbnb

  • Prime Location | Arcade + Pool Table + Hot Tub

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

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

    Revenue $65,221ADR $202Occ ≈ 88%4.9★ (213)

    AirbnbVrboBooking

  • Win A Bear is a new cabin located in Pigeon Forge

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.2 mi

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

    Revenue $60,071ADR $227Occ ≈ 73%4.8★ (119)

    AirbnbVrboBooking

  • Affordable Pigeon Forge Cabin 1 Mile to Strip!

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

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

    Revenue $55,736ADR $211Occ ≈ 72%4.7★ (41)

    AirbnbVrbo

  • Best Value Cabin Hot Tub Arcade Close to Strip

    Vacation home · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $48,826ADR $188Occ ≈ 71%4.5★ (20)

    Booking

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 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium

Est. revenue

$44,854

NOI

$21,156

Cash flow /mo

-$1,007

Cash needed

$161,000

Cash-on-cash

-7.5%

ROE (yr 1)

3.7%

Cap rate

4.2%

DSCR

0.64

Year-1 write-off

$138,621

Year-1 tax shield @ 32%

$44,359

Year-1 return on equity

  • Cash flow (annual)-$12,083
  • Principal paydown$3,089
  • Appreciation at%$15,000
ROE3.7%

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)$8,971
  • Platform fees (3% of revenue)$1,346
  • Maintenance / capex (5% of revenue)$2,243
  • Utilities & supplies$4,200
  • HOA$2,700
  • Property tax$1,239
  • Insurance (STR-rated)$3,000

Cash needed to close

  • Down payment (25%)$125,000
  • Closing costs (4.0%)$20,000
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$44,359

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

$420,000

Short-life (5/15-yr)

$122,000 · 29%

Year-1 deduction

$139,000

Year-1 tax shield @ 32%

$44,000

Land 16% (county tax record, market value split) · building $298,000 over 39 years · new furniture $16,000

Based on: 1,267 sq ft, built 1995, 2 bd / 2 ba, unfurnished, listing features (deck, fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $86,000 in year 1 (17% short-life, $28,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$85,200
  • Kitchen cabinetsdefault

    $8,600 new × 40% good × 3.54 allocation

    $12,200
  • Kitchen countertopsdefault

    $7,000 new × 40% good × 3.54 allocation

    $9,900
  • Decorative trimdefault

    $2,200 new × 40% good × 3.54 allocation

    $3,100
  • Mirrorsdefault

    $300 new × 40% good × 3.54 allocation

    $400
  • Shelvingdefault

    $900 new × 40% good × 3.54 allocation

    $1,300
  • Window coverings (13)default

    $3,300 new × 40% good × 3.54 allocation

    $4,600
  • Carpet, vinyl & laminate (100% of floors)listing

    $8,200 new × 40% good × 3.54 allocation

    $11,600
  • Kitchen & laundry equipment plumbingdefault

    $6,700 new × 40% good × 3.54 allocation

    $9,500
  • Kitchen, laundry & data equipment electricaldefault

    $4,000 new × 40% good × 3.54 allocation

    $5,700
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 3.54 allocation

    $10,900
  • Furniture bought newlisting

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

    $16,000
15-year land improvements$53,100
  • Paving: driveway & walks (paved)default

    $7,400 new × 50% good × 3.54 allocation

    $13,100
  • Landscaping (typical)default

    $7,100 new × 50% good × 3.54 allocation

    $12,600
  • Patiosdefault

    $1,300 new × 50% good × 3.54 allocation

    $2,200
  • Decks & porches (attached)listing

    $14,300 new × 50% good × 3.54 allocation

    $25,200
Building, 39-year$298,000
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $137,200 new × 48% good × 3.54 allocation

    $235,000
  • Building plumbing & fixturesdefault

    $14,200 new × 40% good × 3.54 allocation

    $20,100
  • Building electrical & lightingdefault

    $13,300 new × 40% good × 3.54 allocation

    $18,900
  • HVACdefault

    $14,300 new × 40% good × 3.54 allocation

    $20,200
  • Fireplacelisting

    $2,600 new × 40% good × 3.54 allocation

    $3,700

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$85,200$53,100$300$138,600
2$0$0$7,600$7,600
3$0$0$7,600$7,600
4$0$0$7,600$7,600
5$0$0$7,600$7,600
6+$0$0$267,100$267,100
Total$85,200$53,100$298,000$436,300

The building's share of the price ($420,000) is 3.5x our depreciated replacement cost of the home ($119,000). 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.