619 Longbow Way
Pigeon Forge, TN 37863
$749,500
2 bd · 2.5 ba · 1,352 sqft · Listed today
View on Realtor.com →Year built
2026
Sqft
1,352
Lot sqft
436
HOA / mo
$100
Furnished
No
List date
2026-10-15T11:04:16.000000Z
Revenue
Annual revenue
$35,250
ADR
$196
Occupancy
49%
Cleaning fees (12 mo)
$7,356
Confidence
Low (48.63), 49 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $32,285
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 Condo On Little Pigeon River In DwTn Pigeon Forge Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $46,653 | $194 | 66% | 5★ (340) | 0.1 mi | AirbnbVrbo |
 Riverside Pigeon Forge Condo W Mt. LeConte Views Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $49,721 | $190 | 72% | 4.8★ (325) | 0.1 mi | AirbnbVrbo |
 Room for the Whole Crew! Spacious 2 BR, Sleeps 8 Condominium (condo) | 2 bd · 2 ba · sleeps 8 | $28,081 | $200 | 38% | 4.6★ (47) | 0.1 mi | AirbnbVrboBooking |
 Riverfront Condo Pigeon Forge Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $48,489 | $192 | 69% | 5★ (208) | 0.1 mi | AirbnbVrbo |
 Riverfront/Downtown Pigeon Forge Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $51,954 | $187 | 76% | 4.9★ (213) | 0.1 mi | AirbnbVrbo |
 Reduced Rates! In Town, Fireplace, Pool Access! Condominium (condo) | 2 bd · 2 ba · sleeps 8 | $43,467 | $283 | 42% | 4.2★ (5) | 0.1 mi | AirbnbVrboBooking |
 River Breeze | Fireplace, Jetted Tub, Pool Access! Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $58,916 | $250 | 65% | 4.8★ (105) | 0.1 mi | AirbnbVrboBooking |
 River View Condo | Fireplace, Balcony, Jetted Tub! Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $59,664 | $269 | 61% | 4.8★ (106) | 0.1 mi | AirbnbVrboBooking |
 Elegant Condo, Balcony, Fireplace, Jetted Tub Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $70,263 | $270 | 71% | 4.9★ (125) | 0.1 mi | AirbnbVrboBooking |
 River Delight Bear Crossing 201 | Views, In Town Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $52,515 | $251 | 57% | 4.8★ (95) | 0.1 mi | AirbnbVrboBooking |
Show 39 more
Amazing Log Cabin!! Close To All The Main Attractions In Pigeon Forge! Firepit!
Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $56,503ADR $259Occ ≈ 60%5★ (237)
Riverside condo downtown Pigeon Forge, short walk to LeConte and The Island.
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $32,492ADR $214Occ ≈ 42%5★ (36)
River Place Condos #204 2BD
Vacation home · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $40,537ADR $186Occ ≈ 60%4.7★ (4)
Riverside 206 2bd Condo with Fireplace
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $64,086ADR $982Occ ≈ 18%4★ (1)
203 2-Bedroom Condo
House · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $33,168ADR $274Occ ≈ 33%5★ (2)
River Place Condo
Vacation home · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $14,730ADR $115Occ ≈ 35%—
Mountain Mischief Condo
Vacation home · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $2,663ADR $167Occ ≈ 4%—
Little Pigeon River 401 2bd Condo with Jacuzzi Tub
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $32,642ADR $250Occ ≈ 36%—
Delisted
204 2-Bedroom
House · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $13,917ADR $261Occ ≈ 15%—
Delisted
Smoky Mountains 107 2bd Condo with Fireplace
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $29,534ADR $250Occ ≈ 32%—
Delisted
Little Pigeon River 602 2br Condo W/ Balcony
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $8,889ADR $236Occ ≈ 10%5★ (1)
Renovated 102 2bd Condo with Riverview Balcony
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $10,131ADR $316Occ ≈ 9%3★ (1)
Delisted
Smoky Mountains 101-2br Condo W/fireplace& Balcony
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $22,746ADR $249Occ ≈ 25%—
Delisted
Attractive 504 2bd Condo W/ Balcony & Jacuzzi Tub
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $8,365ADR $379Occ ≈ 6%3★ (1)
Delisted
Little Pigeon River 501. 2br W/ Mt. View & Balcony
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $29,792ADR $254Occ ≈ 32%5★ (1)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Riverside Condo W Mt. LeConte Views/Pigeon Forge Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $38,443 | $189 | 56% | 4.8★ (280) | 0.1 mi | AirbnbVrbo |
Riverfront Condo Pigeon Forge/Mt. LeConte Views Cabin | 2 bd · 2 ba · sleeps 6 | $47,458 | $202 | 64% | 5★ (225) | 0.1 mi | AirbnbVrbo |
Amazing Log Cabin!! Close To All The Main Attractions In Pigeon Forge! Firepit! Cabin | 2 bd · 2 ba · sleeps 8 | $56,503 | $259 | 60% | 5★ (237) | 0.2 mi | Vrbo |
Secluded Cabin | 2 King Suites | 5 Mins to it all Cabin | 2 bd · 2 ba · sleeps 8 | $32,285 | $232 | 38% | 4.8★ (205) | 0.2 mi | AirbnbVrbo |
NEWLY BUILT * 2 King Suites * Hot Tub * Game Room Cabin | 2 bd · 2.5 ba · sleeps 8 | $33,826 | $256 | 36% | 4.8★ (204) | 0.2 mi | AirbnbVrbo |
Riverside condo downtown Pigeon Forge, short walk to LeConte and The Island. Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $32,492 | $214 | 42% | 5★ (36) | 0.2 mi | Vrbo |
2 BR condo with shared pool, picnic area & balcony Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $10,683 | $216 | 14% | 4.8★ (9) | 0.3 mi | AirbnbVrboBooking |
2BR Riverfront | Free Attraction Tickets | Pool Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $10,370 | $146 | 19% | 3.9★ (59) | 0.3 mi | AirbnbVrboBooking |
Walkable 2BR Riverfront | Free Attraction Tickets Condominium (condo) | 2 bd · 2 ba · sleeps 4 | $9,521 | $162 | 16% | 4.4★ (96) | 0.3 mi | AirbnbVrbo |
Remodeled 2BR Waterview | Free Attraction Tickets Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $36,004 | $181 | 54% | 4.4★ (120) | 0.3 mi | AirbnbVrboBooking |
Perfectly located Condo, minutes from Everything! Apartment | 2 bd · 2 ba · sleeps 4 | $12,609 | $164 | 21% | 4.5★ (9) | 0.3 mi | AirbnbVrbo |
Steps to Parkway・Pool Access・Gated Condo Stay・View Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $21,374 | $154 | 38% | 4.5★ (23) | 0.3 mi | AirbnbVrboBooking |
River Place Condos #204 2BD Vacation home | 2 bd · 2 ba · sleeps 4 | $40,537 | $186 | 60% | 4.7★ (4) | 0.3 mi | Booking |
Riverside 206 2bd Condo with Fireplace Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $64,086 | $982 | 18% | 4★ (1) | 0.3 mi | Airbnb |
203 2-Bedroom Condo House | 2 bd · 2 ba · sleeps 6 | $33,168 | $274 | 33% | 5★ (2) | 0.3 mi | Airbnb |
River Place Condo Vacation home | 2 bd · 2 ba · sleeps 4 | $14,730 | $115 | 35% | — | 0.3 mi | Booking |
Mountain Mischief Condo Vacation home | 2 bd · 2 ba · sleeps 6 | $2,663 | $167 | 4% | — | 0.3 mi | Booking |
Little Pigeon River 401 2bd Condo with Jacuzzi Tub Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $32,642 | $250 | 36% | — | 0.3 mi | Delisted |
2 Bedroom Condo, Minutes from Dollywood Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $33,642 | $224 | 41% | 4.5★ (36) | 0.3 mi | AirbnbVrboBooking |
Smoky Mountains 304 2br Condo W/balcony &Fireplace Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $30,994 | $235 | 36% | 5★ (275) | 0.3 mi | AirbnbVrbo |
Riverfront Condo, Sleeps 6・Shared Pool・Fireplace Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $18,947 | $149 | 35% | 3.5★ (21) | 0.3 mi | AirbnbVrboBooking |
Charming Condo, River Views, Sleep 6, Fireplace, P Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $20,866 | $159 | 36% | 4.5★ (11) | 0.3 mi | AirbnbVrboBooking |
204 2-Bedroom House | 2 bd · 2 ba · sleeps 4 | $13,917 | $261 | 15% | — | 0.3 mi | Delisted |
Smoky Mountains 107 2bd Condo with Fireplace Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $29,534 | $250 | 32% | — | 0.3 mi | Delisted |
2 Bedroom Condo | Minutes from Dollywood Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $18,727 | $224 | 23% | 4.6★ (35) | 0.3 mi | AirbnbVrboBooking |
2 Bedroom Condo, Right off the Parkway Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $24,693 | $223 | 30% | 4★ (53) | 0.3 mi | AirbnbVrboBooking |
River View, Close to Parkway, Dollywood Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $17,580 | $224 | 22% | 4.1★ (11) | 0.3 mi | AirbnbVrboBooking |
Riverfront Condo | Pool + Balcony Views Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $46,752 | $230 | 56% | 4.5★ (88) | 0.3 mi | AirbnbVrboBooking |
Little Pigeon River 602 2br Condo W/ Balcony Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $8,889 | $236 | 10% | 5★ (1) | 0.3 mi | Airbnb |
River View Near Parkway & Dollywood House
| 2 bd · 2 ba · sleeps 4 | $23,217 | $215 | 30% | 4.8★ (6) | 0.3 mi | AirbnbVrbo |
Pigeon Forge Condo, Minutes from Dollywood Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $43,665 | $230 | 52% | 5★ (8) | 0.3 mi | AirbnbVrbo |
Amazing River views, near all Pigeon Forge Offers! Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $36,202 | $175 | 57% | 4.8★ (295) | 0.3 mi | AirbnbVrbo |
Riverfront Condo w/ Balcony, Mins to Parkway Condominium (condo) | 2 bd · 2 ba · sleeps 4 | $35,421 | $184 | 53% | 4.8★ (352) | 0.3 mi | AirbnbBooking |
Renovated 102 2bd Condo with Riverview Balcony Condominium (condo) | 2 bd · 2 ba · sleeps 4 | $10,131 | $316 | 9% | 3★ (1) | 0.3 mi | Delisted |
Smoky Mountains 101-2br Condo W/fireplace& Balcony Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $22,746 | $249 | 25% | — | 0.3 mi | Delisted |
2 Bedroom Condo, Middle of Pigeon Forge Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $28,616 | $222 | 35% | 4.3★ (34) | 0.3 mi | AirbnbVrboBooking |
Ground Floor Condo 101 | Walk to Parkway Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $28,817 | $232 | 34% | 4.3★ (40) | 0.3 mi | AirbnbVrboBooking |
Attractive 504 2bd Condo W/ Balcony & Jacuzzi Tub Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $8,365 | $379 | 6% | 3★ (1) | 0.3 mi | Delisted |
Little Pigeon River 501. 2br W/ Mt. View & Balcony Condominium (condo) | 2 bd · 2 ba · sleeps 4 | $29,792 | $254 | 32% | 5★ (1) | 0.3 mi | Delisted |
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
$35,250
NOI
$15,318
Cash flow /mo
-$2,907
Cash needed
$239,355
Cash-on-cash
-14.6%
ROE (yr 1)
-3.3%
Cap rate
2.0%
DSCR
0.31
Year-1 write-off
$200,138
Year-1 tax shield @ 32%
$64,044
Year-1 return on equity
- Cash flow (annual)-$34,885
- Principal paydown$4,558
- Appreciation at%$22,485
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)$7,050
- Platform fees (3% of revenue)$1,058
- Maintenance / capex (5% of revenue)$1,763
- Utilities & supplies$4,200
- HOA$1,200
- Property tax$165
- Insurance (STR-rated)$4,497
Cash needed to close
- Down payment (25%)$187,375
- Closing costs (4.0%)$29,980
- Furnishing (bought new)$22,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$64,044
No county tax record split for property tax, insurance rate and the land/building split, so those use market defaults — edit the price above; 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
$637,000
Short-life (5/15-yr)
$178,000 · 28%
Year-1 deduction
$200,000
Year-1 tax shield @ 32%
$64,000
Land 15% (market default, no usable tax-record split) · building $459,000 over 39 years · new furniture $22,000
Based on: 1,352 sq ft, built 2026, 2 bd / 2.5 ba, unfurnished, listing features (deck, game room, fireplace, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $120,000 in year 1 (15% short-life, $38,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $20,200
Kitchen cabinetsdefault
$8,800 new × 100% good × 2.31 allocation
- $16,500
Kitchen countertopsdefault
$7,200 new × 100% good × 2.31 allocation
- $5,500
Decorative trimdefault
$2,400 new × 100% good × 2.31 allocation
- $700
Mirrorsdefault
$300 new × 100% good × 2.31 allocation
- $2,100
Shelvingdefault
$900 new × 100% good × 2.31 allocation
- $8,100
Window coverings (14)default
$3,500 new × 100% good × 2.31 allocation
- $8,000
Carpet, vinyl & laminate (40% of floors)default
$3,500 new × 100% good × 2.31 allocation
- $15,700
Kitchen & laundry equipment plumbingdefault
$6,800 new × 100% good × 2.31 allocation
- $9,500
Kitchen, laundry & data equipment electricaldefault
$4,100 new × 100% good × 2.31 allocation
- $18,700
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)listing
$8,100 new × 100% good × 2.31 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $17,600
Paving: driveway & walks (paved)default
$7,600 new × 100% good × 2.31 allocation
- $16,900
Landscaping (typical)default
$7,300 new × 100% good × 2.31 allocation
- $3,100
Patiosdefault
$1,300 new × 100% good × 2.31 allocation
- $35,100
Decks & porches (attached)listing
$15,200 new × 100% good × 2.31 allocation
- $338,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$146,500 new × 100% good × 2.31 allocation
- $35,000
Building plumbing & fixturesdefault
$15,200 new × 100% good × 2.31 allocation
- $33,200
Building electrical & lightingdefault
$14,400 new × 100% good × 2.31 allocation
- $35,100
HVACdefault
$15,200 new × 100% good × 2.31 allocation
- $12,000
Hardwood & tile floorsdefault
$5,200 new × 100% good × 2.31 allocation
- $6,100
Fireplacelisting
$2,600 new × 100% good × 2.31 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $127,000 | $72,700 | $500 | $200,100 |
| 2 | $0 | $0 | $11,800 | $11,800 |
| 3 | $0 | $0 | $11,800 | $11,800 |
| 4 | $0 | $0 | $11,800 | $11,800 |
| 5 | $0 | $0 | $11,800 | $11,800 |
| 6+ | $0 | $0 | $411,800 | $411,800 |
| Total | $127,000 | $72,700 | $459,400 | $659,100 |
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.