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329 Ownby St Unit 1402

329 Ownby St Unit 1402

Gatlinburg, TN 37738

$479,900

2 bd · 2 ba · 1,026 sqft · Listed 1d ago

View on Realtor.com →
Low confidenceEst. land %

Year built

2016

Sqft

1,026

Lot sqft

436

HOA / mo

$300

Furnished

No

List date

2026-10-02T20:40:06.000000Z

Revenue

Annual revenue

$35,966

ADR

$209

Occupancy

47%

Cleaning fees (12 mo)

$3,170

Confidence

Low (28.3), 48 comps

Comp revenue range (p25 / median / p75)

$6,087$32,343$39,650

Median revenue of shown comps: $32,343

  • Relaxing Smoky Mountain Condo Near Town

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 148 ft

    Revenue $1,812ADR $302Occ ≈ 2%—

    Airbnb

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 154 ft

    Revenue $3,959ADR $105Occ ≈ 10%—

    Vrbo

  • Smoky Mountain Condo Near Downtown・2 Beds・Sleeps 4

    2 bd · 2 ba · sleeps 4 · 154 ft

    Revenue $296ADR $98Occ ≈ 1%—

    Vrbo

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 154 ft

    Revenue $6,087ADR $114Occ ≈ 15%2★ (1)

    Vrbo

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 157 ft

    Revenue $6,220ADR $141Occ ≈ 12%—

    Vrbo

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 157 ft

    Revenue $3,816ADR $97Occ ≈ 11%—

    Vrbo

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 157 ft

    Revenue $6,471ADR $113Occ ≈ 16%—

    Vrbo

  • Peaceful Smoky Mountain Escape Near Town!

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 174 ft

    Revenue $2,718ADR $302Occ ≈ 2%—

    Airbnb

  • Relaxing Mountain Escape

    Apartment · 2 bd · 1 ba · sleeps 4 · 200 ft

    Revenue $17,256ADR $190Occ ≈ 25%4.5★ (3)

    Booking

  • Smoky Mountain Condo Retreat Near Downtown

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 236 ft

    Revenue $1,320ADR $243Occ ≈ 1%—

    Airbnb

Show 39 more

  • Smoky Mountain Condo Near Downtown・2 Beds・Sleeps 4

    Apartment · 2 bd · 2 ba · sleeps 4 · 266 ft

    Revenue $245ADR $81Occ ≈ 1%—

    Airbnb

  • Spacious two bedroom condo sleeps 4 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 348 ft

    Revenue $46,463ADR $240Occ ≈ 53%5★ (14)

    Vrbo

  • two bedroom condo sleeps 6 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 381 ft

    Revenue $38,581ADR $224Occ ≈ 47%4.6★ (87)

    Vrbo

  • two bedroom condo sleeps 6 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 381 ft

    Revenue $37,546ADR $224Occ ≈ 46%4.6★ (67)

    Vrbo

  • two bedroom condo sleeps 6 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 381 ft

    Revenue $43,023ADR $220Occ ≈ 54%4.5★ (91)

    Vrbo

  • two bedroom condo sleeps 8 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 381 ft

    Revenue $39,155ADR $222Occ ≈ 48%4.4★ (93)

    Vrbo

  • two bedroom condo sleeps 8 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 381 ft

    Revenue $31,729ADR $224Occ ≈ 39%4.6★ (73)

    Vrbo

  • two bedroom condo sleeps 8 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 381 ft

    Revenue $27,497ADR $227Occ ≈ 33%4.6★ (87)

    Vrbo

  • two bedroom condo sleeps 8 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 381 ft

    Revenue $27,317ADR $230Occ ≈ 33%4.5★ (79)

    Vrbo

  • two bedroom condo sleeps 6 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 381 ft

    Revenue $39,650ADR $222Occ ≈ 49%4.7★ (58)

    Vrbo

  • two bedroom condo sleeps 6 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 381 ft

    Revenue $34,823ADR $227Occ ≈ 42%4.6★ (70)

    Vrbo

  • two bedroom condo sleeps 6 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 381 ft

    Revenue $37,641ADR $224Occ ≈ 46%4.4★ (53)

    Vrbo

  • two bedroom condo sleeps 6 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 381 ft

    Revenue $48,716ADR $225Occ ≈ 59%4.4★ (83)

    Vrbo

  • Cozy New Condo Minutes from Downtown

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 381 ft

    Revenue $1,610ADR $230Occ ≈ 2%—

    Airbnb

  • Beautiful two bedroom condo that sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 381 ft

    Revenue $44,342ADR $241Occ ≈ 50%4.8★ (89)

    Vrbo

  • two bedroom condo sleeps 6 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 381 ft

    Revenue $38,826ADR $218Occ ≈ 49%4.5★ (49)

    Vrbo

  • two bedroom condo sleeps 8 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 381 ft

    Revenue $29,860ADR $225Occ ≈ 36%4.5★ (73)

    Vrbo

  • two bedroom condo sleeps 4 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 381 ft

    Revenue $32,391ADR $228Occ ≈ 39%4.6★ (83)

    Vrbo

  • two bedroom condo sleeps 4 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 381 ft

    Revenue $41,857ADR $240Occ ≈ 48%4.8★ (93)

    Vrbo

  • two bedroom condo sleeps 6 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 381 ft

    Revenue $38,600ADR $221Occ ≈ 48%4.6★ (55)

    Vrbo

  • two bedroom condo sleeps 6 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 381 ft

    Revenue $31,071ADR $222Occ ≈ 38%4.5★ (66)

    Vrbo

  • Two bedroom condo sleeps 6 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 381 ft

    Revenue $37,653ADR $222Occ ≈ 46%4.3★ (60)

    Vrbo

  • two bedroom condo sleeps 6 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 381 ft

    Revenue $33,062ADR $233Occ ≈ 39%4.4★ (73)

    Vrbo

  • two bedroom condo sleeps 4 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 381 ft

    Revenue $44,738ADR $234Occ ≈ 52%4.6★ (78)

    Vrbo

  • two bedroom condo sleeps 4 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 381 ft

    Revenue $32,343ADR $221Occ ≈ 40%4.7★ (91)

    Vrbo

  • Unit 102 Spacious two bedroom condo sleeps 8 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 381 ft

    Revenue $29,613ADR $227Occ ≈ 36%4.4★ (71)

    Vrbo

  • two bedroom condo, sleeps 8

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 381 ft

    Revenue $53,089ADR $243Occ ≈ 60%4.9★ (121)

    Vrbo

  • two bedroom condo sleeps 7 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 381 ft

    Revenue $51,805ADR $238Occ ≈ 60%4.8★ (81)

    Vrbo

  • Cozy Smoky Mountain Stay in Gatlinburg Near Town

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 476 ft

    Revenue $2,665ADR $190Occ ≈ 4%4.2★ (5)

    AirbnbVrbo

  • two bedroom condo sleeps 4 persons

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 479 ft

    Revenue $55,718ADR $240Occ ≈ 64%4.8★ (124)

    Vrbo

  • Double Queen Suite

    Apartment · 2 bd · 1 ba · sleeps 6 · 0.1 mi

    Revenue $59,629ADR $338Occ ≈ 48%4.9★

    Vrbo

  • Peaceful Gatlinburg Condo Escape Near Downtown

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    Revenue $1,288ADR $184Occ ≈ 2%—

    Airbnb

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    Revenue $7,240ADR $129Occ ≈ 15%4.8★ (12)

    AirbnbVrbo

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    Revenue $3,646ADR $199Occ ≈ 5%4.5★ (75)

    AirbnbVrbo

  • Gatlinburg Condo Near Downtown & Smoky Mountains

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

    Revenue $5,855ADR $138Occ ≈ 12%4.4★ (34)

    AirbnbVrbo

  • Bears den 2

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

    Revenue $26,433ADR $221Occ ≈ 33%4.8★ (140)

    Airbnb

  • A+ CONDO AWESOME LOCATION INSTALLED NEW MATTRESSES IN BOTH BEDROOMS - AUG 2025

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $35,315ADR $161Occ ≈ 60%4.7★ (276)

    Vrbo

  • Cozy Creek Cottage•HotTub•PoolTable•FirePit

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

    Revenue $52,839ADR $279Occ ≈ 52%4.8★ (100)

    AirbnbVrbo

  • Walkable Creekside Retreat with Hot Tub

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

    Revenue $85,705ADR $274Occ ≈ 86%4.8★ (290)

    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

Est. revenue

$35,966

NOI

$13,356

Cash flow /mo

$1,113

Cash needed

$515,096

Cash-on-cash (all cash)

2.6%

ROE (yr 1)

5.4%

Cap rate

2.8%

DSCR

—

Year-1 write-off

$84,580

Year-1 tax shield @ 32%

$27,066

Year-1 return on equity

  • Cash flow (annual)$13,356
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$14,397
ROE5.4%

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)$7,193
  • Platform fees (3% of revenue)$1,079
  • Maintenance / capex (5% of revenue)$1,798
  • Utilities & supplies$4,200
  • HOA$3,600
  • Property tax$1,860
  • Insurance (STR-rated)$2,879

Cash needed to close

  • Purchase price (all cash)$479,900
  • Closing costs (4.0%)$19,196
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$27,066

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

$408,000

Short-life (5/15-yr)

$68,000 · 17%

Year-1 deduction

$85,000

Year-1 tax shield @ 32%

$27,000

Land 15% (market default, no usable tax-record split) · building $340,000 over 39 years · new furniture $16,000

Based on: 1,026 sq ft, built 2016, 2 bd / 2 ba, unfurnished, listing features (appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $54,000 in year 1 (9% short-life, $17,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$84,200

  • Kitchen cabinetsdefault

    $8,000 new × 60% good × 2.88 allocation

    $13,900

  • Kitchen countertopsdefault

    $6,600 new × 60% good × 2.88 allocation

    $11,400

  • Decorative trimdefault

    $1,800 new × 60% good × 2.88 allocation

    $3,100

  • Mirrorsdefault

    $300 new × 40% good × 2.88 allocation

    $300

  • Shelvingdefault

    $900 new × 60% good × 2.88 allocation

    $1,600

  • Window coverings (10)default

    $2,500 new × 40% good × 2.88 allocation

    $2,900

  • Carpet, vinyl & laminate (40% of floors)default

    $2,600 new × 40% good × 2.88 allocation

    $3,000

  • Kitchen & laundry equipment plumbingdefault

    $6,300 new × 80% good × 2.88 allocation

    $14,400

  • Kitchen, laundry & data equipment electricaldefault

    $3,800 new × 80% good × 2.88 allocation

    $8,700

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

    $7,700 new × 40% good × 2.88 allocation

    $8,900

  • Furniture bought newlisting

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

    $16,000
Building, 39-year$339,700

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $110,900 new × 83% good × 2.88 allocation

    $266,100

  • Building plumbing & fixturesdefault

    $11,500 new × 80% good × 2.88 allocation

    $26,500

  • Building electrical & lightingdefault

    $10,300 new × 80% good × 2.88 allocation

    $23,700

  • HVACdefault

    $11,600 new × 50% good × 2.88 allocation

    $16,600

  • Hardwood & tile floorsdefault

    $4,000 new × 60% good × 2.88 allocation

    $6,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$84,200$0$400$84,600
2$0$0$8,700$8,700
3$0$0$8,700$8,700
4$0$0$8,700$8,700
5$0$0$8,700$8,700
6+$0$0$304,500$304,500
Total$84,200$0$339,700$423,900

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.