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3510 Twin City Way

3510 Twin City Way

Pigeon Forge, TN 37863

$549,900

2 bd · 2 ba · 1,075 sqft · Listed 1d ago

View on Realtor.com →
Est. land %

Year built

2013

Sqft

1,075

Lot sqft

32,670

HOA / mo

None

Furnished

No

List date

2026-10-14T17:22:58.000000Z

Revenue

Annual revenue

$47,436

ADR

$212

Occupancy

61%

Cleaning fees (12 mo)

$9,062

Confidence

Low (40.19), 50 comps

Comp revenue range (p25 / median / p75)

$24,777$42,834$62,513

Median revenue of shown comps: $41,768

  • Convenient Pigeon Forge Cabin-Two Bedroom Pool Table Internet-

    Cabin · 2 bd · 2 ba · sleeps 4 · 39 ft

    Revenue $45,688ADR $193Occ ≈ 65%4.5★ (14)

    Booking

  • OutskirtsofHeaven: HotTub, Wifi, Games, FirePlace

    Cabin · 2 bd · 2 ba · sleeps 4 · 49 ft

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

    Revenue $2,658ADR $224Occ ≈ 3%—

    Airbnb

  • Dream Catcher Hideaway

    Cabin · 2 bd · 2 ba · sleeps 6 · 223 ft

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

    Revenue $39,678ADR $195Occ ≈ 56%4.8★ (305)

    AirbnbVrboBooking

  • Bearly Paradise: Mountaintop Views & Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 351 ft

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

    Revenue $55,335ADR $261Occ ≈ 58%4.5★ (15)

    AirbnbVrbo

  • A-Frame Mountain Retreat | Jaw-Dropping Smoky Moun

    House · 2 bd · 1.5 ba · sleeps 6 · 436 ft

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

    Revenue $15,461ADR $237Occ ≈ 18%5★ (10)

    AirbnbVrbo

  • EaglesView:MtnViews*H/moon*H/Tub*Wifi*FirePit*Yard

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 436 ft

    Revenue $75,775ADR $316Occ ≈ 66%5★ (2)

    Airbnb

  • Rustic Cabin, 6 Mi to Dollywood, Full Coffee Bar

    Cabin · 2 bd · 2 ba · sleeps 6 · 482 ft

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

    Revenue $69,462ADR $262Occ ≈ 73%5★ (412)

    AirbnbVrbo

  • MOUNTAIN HIDEAWAY - AUTHENTIC LOG CABIN MINUTES TO PARKWAY AND ATTRACTIONS!!!

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

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

    Revenue $54,584ADR $261Occ ≈ 57%4.8★ (335)

    VrboBooking

  • The Fur Traders Cabin- Pigeon Forge cabin

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    Revenue $41,766ADR $209Occ ≈ 55%—

    Booking

  • The Fur Traders Cabin- Pigeon Forge

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    Revenue $18,955ADR $239Occ ≈ 22%—

    Booking

Show 38 more
  • New! the Fur Traders Cabin- Pigeon Forge

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

    Revenue $12,609ADR $282Occ ≈ 12%—

    Delisted

  • Real log cabin quiet in trees 5 min from action

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

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

    Revenue $33,092ADR $175Occ ≈ 52%4.8★ (156)

    Airbnb

  • A Secluded Retreat is a private 2 bedroom cabin mi

    House · 2 bd · 2.5 ba · sleeps 6 · 0.2 mi

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

    Revenue $57,284ADR $246Occ ≈ 64%4.2★ (75)

    AirbnbVrboBooking

  • "All Inclusive of the Smokies" 2 Bedroom Cabin

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

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

    Revenue $17,966ADR $326Occ ≈ 15%—

    AirbnbVrbo

  • Jan/Feb SPECIAL! STAY 3 nts, Get 4th nt 1/2 Off. STAY 6 nts, GET 7TH FREE.

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

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

    Revenue $44,949ADR $176Occ ≈ 70%4.8★ (347)

    Vrbo

  • Views! Sauna/Hot tub/Firepit/Privacy/Yoga/Spa feel

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

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +1

    Revenue $66,318ADR $273Occ ≈ 67%5★ (75)

    AirbnbVrbo

  • Meadows Way 3378

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

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

    Revenue $51,596ADR $233Occ ≈ 61%4.9★ (95)

    AirbnbVrboBooking

  • Sleeping 6-Hot Tub, Pool Table-Almost Heaven 2

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

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

    Revenue $22,704ADR $215Occ ≈ 29%4.5★ (56)

    AirbnbVrboBooking

  • 2/2 Real log cabin w/FreeTix2Dollywd,zipline

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

    Revenue $5,866ADR $243Occ ≈ 7%3★ (1)

    Airbnb

  • All Inclusive of the Smokies

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

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

    Revenue $40,183ADR $235Occ ≈ 47%5★ (57)

    AirbnbVrbo

  • New Smoky Ridge Lookout

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

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

    Revenue $66,072ADR $245Occ ≈ 74%4.8★ (42)

    AirbnbVrboBooking

  • *Stunning 2BD Cabin w/ VIEWS! Hot Tub + Fire Pit*

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

    Revenue $21,566ADR $358Occ ≈ 17%4.5★ (48)

    Airbnb

  • View & Location! Sleeps 6!

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

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

    Revenue $76,673ADR $246Occ ≈ 85%5★ (175)

    AirbnbVrbo

  • Gorgeous mountain views 6 min to Pigeon Forge. Pickle Ball, Firepit

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.4 mi

    Revenue $7,958ADR $183Occ ≈ 12%5★ (8)

    Delisted

  • Gnome - Firepit, Pickleball, Mt views, fireplace

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.4 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +6

    Revenue $38,467ADR $145Occ ≈ 73%5★ (76)

    AirbnbVrbo

  • Cliffside Spa Cabin with Views

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

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

    Revenue $60,753ADR $330Occ ≈ 50%5★ (27)

    Airbnb

  • Bee-utiful 2 bedroom/2 bathroom with game room

    Apartment · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $824ADR $206Occ ≈ 1%4.8★ (98)

    Airbnb

  • Epic Fall View | Hot Tub | Minutes to Pigeon Forge

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

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

    Revenue $5,985ADR $193Occ ≈ 8%5★ (1)

    AirbnbVrboBooking

  • A+ Location Mountain Cabin with Hot Tub & Mtn View

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

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

    Revenue $72,309ADR $233Occ ≈ 85%5★ (212)

    AirbnbVrbo

  • Secluded Cabin 1.5 Mi-PKWY/Hot Tub/Arcade/KingBeds

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

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $69,144ADR $239Occ ≈ 79%5★ (169)

    AirbnbVrbo

  • The Nest - Pickle Ball, Firepit, Hot Tub, Mt Views

    Chalet · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $19,956ADR $419Occ ≈ 13%—

    Booking

  • The Nest - Pickle Ball, Firepit, Hot Tub, Mt Views

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.4 mi

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

    Revenue $45,714ADR $216Occ ≈ 58%4.9★ (147)

    AirbnbVrbo

  • View and Me just needs you!

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

    Revenue $56,839ADR $248Occ ≈ 63%4.5★ (20)

    Airbnb

  • Falling Waters

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

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

    Revenue $32,966ADR $209Occ ≈ 43%4.7★ (25)

    AirbnbVrbo

  • KTC Firepit, Fireplace, Pickle Ball, Gorgeous View

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.4 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +6

    Revenue $38,390ADR $182Occ ≈ 58%4.8★ (231)

    AirbnbVrboBooking

  • Mt views, Firepit, Pickle Ball, Hot Tub, Fireplace

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

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

    Revenue $50,932ADR $196Occ ≈ 71%4.9★ (209)

    AirbnbVrboBooking

  • Cubby Bear Smoky Mountain Cabin - Summer Specials!

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $63,976ADR $286Occ ≈ 61%4.7★ (174)

    AirbnbBooking

  • Convenient location, 2 Bedroom, 2 Bath Cabin - Away from it all!

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.5 mi

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

    Revenue $32,413ADR $224Occ ≈ 40%4.9★ (294)

    Vrbo

  • Bear Paws Mountain Chalet Incredible Views!

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.5 mi

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

    Revenue $39,526ADR $229Occ ≈ 47%4.8★ (183)

    AirbnbVrbo

  • Luxury Hot Tub Cabin Epic Smoky Mountain Views

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.5 mi

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

    Revenue $41,770ADR $251Occ ≈ 46%4.9★ (195)

    AirbnbVrbo

  • Mtn views. Hot tub. Pool table.5min to attractions

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

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

    Revenue $43,898ADR $206Occ ≈ 58%4.9★ (213)

    Airbnb

  • All Alone , Arcade,Hot Tub,Pool Table,Free Wifi

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

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

    Revenue $30,997ADR $277Occ ≈ 31%4.5★ (163)

    AirbnbVrbo

  • MyHappyPlace:Mtn Views*Res/Pool*Games*Hot Tub*Wifi

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.5 mi

    Revenue $88,285ADR $372Occ ≈ 65%3.7★ (7)

    Airbnb

  • Modern 2 Bedroom-Swimming Pool-Hot Tub-Pool Table

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.5 mi

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

    Revenue $32,716ADR $239Occ ≈ 38%4.8★ (109)

    AirbnbVrboBooking

  • Cubby Bear Cabin

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.5 mi

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

    Revenue $2,415ADR $244Occ ≈ 3%—

    AirbnbVrboBooking

  • Evening Majesty has an unbelievable view

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

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

    Revenue $63,099ADR $258Occ ≈ 67%4.9★ (445)

    AirbnbVrbo

  • VIEWS! Min. from Dollywood. Book now

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.5 mi

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

    Revenue $99,209ADR $301Occ ≈ 90%4.9★ (351)

    Airbnb

  • Little Lantern Hideaway

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.6 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $43,977ADR $184Occ ≈ 65%4.9★ (52)

    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

Financing
Management

Est. revenue

$47,436

NOI

$25,061

Cash flow /mo

$2,088

Cash needed

$587,896

Cash-on-cash (all cash)

4.3%

ROE (yr 1)

7.1%

Cap rate

4.6%

DSCR

—

Year-1 write-off

$115,521

Year-1 tax shield @ 32%

$36,967

Year-1 return on equity

  • Cash flow (annual)$25,061
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$16,497
ROE7.1%

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)$9,487
  • Platform fees (3% of revenue)$1,423
  • Maintenance / capex (5% of revenue)$2,372
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$1,594
  • Insurance (STR-rated)$3,299

Cash needed to close

  • Purchase price (all cash)$549,900
  • Closing costs (4.0%)$21,996
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$36,967

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

$467,000

Short-life (5/15-yr)

$99,000 · 21%

Year-1 deduction

$116,000

Year-1 tax shield @ 32%

$37,000

Land 15% (market default, no usable tax-record split) · building $368,000 over 39 years · new furniture $16,000

Based on: 1,075 sq ft, built 2013, 2 bd / 2 ba, unfurnished, listing features (hot tub, fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $87,000 in year 1 (15% short-life, $28,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$90,900
  • Kitchen cabinetsdefault

    $8,200 new × 48% good × 3.14 allocation

    $12,300
  • Kitchen countertopsdefault

    $6,700 new × 48% good × 3.14 allocation

    $10,000
  • Decorative trimdefault

    $1,900 new × 48% good × 3.14 allocation

    $2,800
  • Mirrorsdefault

    $300 new × 40% good × 3.14 allocation

    $400
  • Shelvingdefault

    $900 new × 48% good × 3.14 allocation

    $1,400
  • Window coverings (11)default

    $2,800 new × 40% good × 3.14 allocation

    $3,400
  • Kitchen & laundry equipment plumbingdefault

    $6,300 new × 74% good × 3.14 allocation

    $14,700
  • Kitchen, laundry & data equipment electricaldefault

    $3,800 new × 74% good × 3.14 allocation

    $8,900
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 3.14 allocation

    $9,700
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 3.14 allocation

    $11,300
  • Furniture bought newlisting

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

    $16,000
15-year land improvements$24,200
  • Paving: driveway & walks (paved)default

    $6,800 new × 50% good × 3.14 allocation

    $10,700
  • Landscaping (typical)default

    $6,500 new × 50% good × 3.14 allocation

    $10,300
  • Patiosdefault

    $1,100 new × 50% good × 3.14 allocation

    $1,700
  • Decks & porches (attached)default

    $1,100 new × 50% good × 3.14 allocation

    $1,700
Building, 39-year$368,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $116,300 new × 78% good × 3.14 allocation

    $285,500
  • Building plumbing & fixturesdefault

    $12,000 new × 74% good × 3.14 allocation

    $27,900
  • Building electrical & lightingdefault

    $10,900 new × 74% good × 3.14 allocation

    $25,300
  • HVACdefault

    $12,100 new × 40% good × 3.14 allocation

    $15,200
  • Hardwood & tile floorsdefault

    $6,900 new × 48% good × 3.14 allocation

    $10,400
  • Fireplacelisting

    $2,600 new × 48% good × 3.14 allocation

    $4,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$90,900$24,200$400$115,500
2$0$0$9,400$9,400
3$0$0$9,400$9,400
4$0$0$9,400$9,400
5$0$0$9,400$9,400
6+$0$0$330,100$330,100
Total$90,900$24,200$368,300$483,400

The building's share of the price ($467,000) is 3.1x our depreciated replacement cost of the home ($149,000). 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.