215 Circle Dr Unit 8
Gatlinburg, TN 37738
$725,000
4 bd · 3.5 ba · 1,886 sqft · Listed 7d ago
View on Realtor.com →Year built
2026
Sqft
1,886
Lot sqft
436
HOA / mo
$350
Furnished
No
List date
2026-11-05T16:51:41.000000Z
Revenue
Annual revenue
$75,823
ADR
$331
Occupancy
63%
Cleaning fees (12 mo)
$11,256
Confidence
Med (53.07), 41 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $81,767
Gatlinburg 4 Bedroom Cabin Rental-One of a Kind-Walking Distance to the Parkway
Cabin · 4 bd · 4 ba · sleeps 12 · 0.3 mi
Revenue $64,666ADR $369Occ ≈ 48%4.8★ (9)
The Manor At Burg Hill-Arcade, Pool Table, Hot Tub, free Attraction Tickets!
Chalet · 4 bd · 4 ba · sleeps 12 · 0.3 mi
Revenue $70,827ADR $385Occ ≈ 50%—
The Manor At Burg Hill-walk to downtown Gatlinburg
Cabin · 4 bd · 4.5 ba · sleeps 12 · 0.3 mi
Revenue $71,094ADR $398Occ ≈ 49%4.3★ (7)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Gatlinburg 4 Bedroom Cabin Rental-One of a Kind-Walking Distance to the Parkway Cabin | 4 bd · 4 ba · sleeps 12 | $64,666 | $369 | 48% | 4.8★ (9) | 0.3 mi | Booking |
The Manor At Burg Hill-Arcade, Pool Table, Hot Tub, free Attraction Tickets! Chalet | 4 bd · 4 ba · sleeps 12 | $70,827 | $385 | 50% | — | 0.3 mi | Booking |
The Manor At Burg Hill-walk to downtown Gatlinburg Cabin | 4 bd · 4.5 ba · sleeps 12 | $71,094 | $398 | 49% | 4.3★ (7) | 0.3 mi | Airbnb |
Luxury Mtn View Cabin: Hot Tub, Games, Walk Dtwn House
| 4 bd · 4.5 ba · sleeps 10 | $32,902 | $470 | 19% | 5★ (4) | 0.3 mi | AirbnbVrboBooking |
Downtown Hickory Hideaway - Can Walk to Gatlinburg Cabin
| 4 bd · 4.5 ba · sleeps 12 | $102,554 | $457 | 61% | 4.9★ (54) | 0.3 mi | AirbnbVrbo |
Charming Family Home in Downtown Gatlinburg House | 4 bd · 3 ba · sleeps 12 | $72,293 | $325 | 61% | 4.7★ (19) | 0.3 mi | AirbnbBooking |
Family Chalet W/Theater•Arcade•Views•1 mile to DT! Cabin
| 4 bd · 4.5 ba · sleeps 10 | $119,139 | $637 | 51% | 5★ (41) | 0.3 mi | AirbnbVrboBooking |
City Bear | Hot Tub + Heart of Downtown Gatlinburg House
| 4 bd · 3.5 ba · sleeps 10 | $108,144 | $475 | 62% | 4.8★ (41) | 0.3 mi | AirbnbVrbo |
Downtown Maple Leaf Lodge | Hot Tub + Pool Table Cabin
| 4 bd · 4.5 ba · sleeps 12 | $99,401 | $454 | 60% | 4.8★ (60) | 0.3 mi | AirbnbVrbo |
Downtown Pine Tree Paradise | Walk to Gatlinburg Cabin
| 4 bd · 4.5 ba · sleeps 12 | $98,903 | $457 | 59% | 5★ (23) | 0.3 mi | AirbnbVrbo |
Show 21 more
Out of the Ashes is a brand new 3 bedroom cabin with high end touches, hot tub, and a mountain view!
Chalet · 4 bd · 3 ba · sleeps 9 · 0.3 mi
Revenue $68,555ADR $259Occ ≈ 73%4.5★ (1)
NEW 4 bdr on creek 3/4 of a mile from downtown!
House · 4 bd · 3.5 ba · sleeps 12 · 0.4 mi
Revenue $77,226ADR $347Occ ≈ 61%4.9★ (159)
Serenity Peak -Lux Chalet, Indoor Saltwater Pool, Sauna, Theater and Game Loft
Vacation home · 4 bd · 4 ba · sleeps 10 · 0.4 mi
Revenue $113,348ADR $551Occ ≈ 56%—
Creekside Hot Tub | Walk to Downtown Gatlinburg
Cabin · 4 bd · 4 ba · sleeps 12 · 0.6 mi
Revenue $6,638ADR $267Occ ≈ 7%—
Delisted
Hidden Springs
Chalet · 4 bd · 3 ba · sleeps 10 · 0.6 mi
Revenue $81,270ADR $404Occ ≈ 55%4.5★ (2)
The Rose cabin
Vacation home · 4 bd · 4 ba · sleeps 12 · 0.6 mi
Revenue $38,423ADR $650Occ ≈ 16%3.9★ (3)
3-Bedroom Cabin w/ Game Room & Hot Tub
Cabin · 4 bd · 3 ba · sleeps 12 · 0.6 mi
Revenue $88,375ADR $455Occ ≈ 53%—
Delisted
Topside Splash | Pool, Hot Tub & Mountain Views
Cabin · 4 bd · 4.5 ba · sleeps 12 · 0.6 mi
Revenue $113,362ADR $661Occ ≈ 47%4.7★ (7)
3-Bedroom Cabin w/ Game Room & Hot Tub
Cabin · 4 bd · 3 ba · sleeps 12 · 0.7 mi
Revenue $83,867ADR $323Occ ≈ 71%—
Brand new Soakin’ Bear-views&indoor pool
Cabin · 4 bd · 4.5 ba · sleeps 12 · 0.7 mi
Revenue $140,413ADR $382Occ ≈ 100%5★ (2)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Out of the Ashes is a brand new 3 bedroom cabin with high end touches, hot tub, and a mountain view! Chalet | 4 bd · 3 ba · sleeps 9 | $68,555 | $259 | 73% | 4.5★ (1) | 0.3 mi | Booking |
Creekside Hot Tub | Walk to Downtown Gatlinburg Cabin
| 4 bd · 3.5 ba · sleeps 12 | $22,562 | $434 | 14% | 4.7★ (6) | 0.3 mi | AirbnbVrbo |
NEW 4 bdr on creek 3/4 of a mile from downtown! House | 4 bd · 3.5 ba · sleeps 12 | $77,226 | $347 | 61% | 4.9★ (159) | 0.4 mi | Airbnb |
Serenity Peak -Lux Chalet, Indoor Saltwater Pool, Sauna, Theater and Game Loft Vacation home | 4 bd · 4 ba · sleeps 10 | $113,348 | $551 | 56% | — | 0.4 mi | Booking |
360 Views | Hot Tub | Fireplace House
| 4 bd · 3.5 ba · sleeps 10 | $81,767 | $534 | 42% | 5★ (21) | 0.5 mi | AirbnbVrbo |
Centrally located cabin with views of Gatlinburg Cabin
| 4 bd · 3.5 ba · sleeps 12 | $106,014 | $450 | 65% | 4.9★ (196) | 0.6 mi | AirbnbVrbo |
Minutes to Gatlinburg-Free Dollywood Tickets Cabin
| 4 bd · 3.5 ba · sleeps 10 | $65,541 | $367 | 49% | 4.9★ (160) | 0.6 mi | AirbnbVrbo |
Absolute Heaven - Hot Tub, City & Mountain Views! Cabin
| 4 bd · 4 ba · sleeps 10 | $103,108 | $530 | 53% | 4.5★ (75) | 0.6 mi | AirbnbVrbo |
Location~4BR~6Bed~12Guest~4Full Bath~HotTub~Arcade Cabin
| 4 bd · 4 ba · sleeps 12 | $106,586 | $429 | 68% | 4.8★ (73) | 0.6 mi | AirbnbVrbo |
Creekside Hot Tub | Walk to Downtown Gatlinburg Cabin | 4 bd · 4 ba · sleeps 12 | $6,638 | $267 | 7% | — | 0.6 mi | Delisted |
Hidden Springs Chalet | 4 bd · 3 ba · sleeps 10 | $81,270 | $404 | 55% | 4.5★ (2) | 0.6 mi | Booking |
The Rose cabin Vacation home | 4 bd · 4 ba · sleeps 12 | $38,423 | $650 | 16% | 3.9★ (3) | 0.6 mi | Booking |
3-Bedroom Cabin w/ Game Room & Hot Tub Cabin | 4 bd · 3 ba · sleeps 12 | $88,375 | $455 | 53% | — | 0.6 mi | Delisted |
Indoor pool, MTN views, 20-ft fireplace, secluded Cabin
| 4 bd · 4.5 ba · sleeps 12 | $1,475 | $491 | 1% | — | 0.6 mi | AirbnbVrbo |
Topside Splash | Pool, Hot Tub & Mountain Views Cabin | 4 bd · 4.5 ba · sleeps 12 | $113,362 | $661 | 47% | 4.7★ (7) | 0.6 mi | Airbnb |
Loopy Bear | Downtown Gatlinburg•3 Kings•Hot Tub Cabin
| 4 bd · 3.5 ba · sleeps 10 | $69,178 | $469 | 40% | 5★ (18) | 0.7 mi | AirbnbVrbo |
Luxury Cabin Minutes to Downtown Gatlinburg | 2 Ki Cabin
| 4 bd · 3.5 ba · sleeps 12 | $123,763 | $476 | 71% | 4.8★ (97) | 0.7 mi | AirbnbVrbo |
Perfect Cabin Escape with Views, Hot tub, & Gam Rm Cabin
| 4 bd · 3 ba · sleeps 12 | $104,389 | $364 | 79% | 5★ (101) | 0.7 mi | AirbnbVrboBooking |
The Pinecrest Poolhouse Cabin
| 4 bd · 4.5 ba · sleeps 12 | $81,044 | $464 | 48% | 5★ (39) | 0.7 mi | AirbnbVrboBooking |
3-Bedroom Cabin w/ Game Room & Hot Tub Cabin | 4 bd · 3 ba · sleeps 12 | $83,867 | $323 | 71% | — | 0.7 mi | Airbnb |
Brand new Soakin’ Bear-views&indoor pool Cabin | 4 bd · 4.5 ba · sleeps 12 | $140,413 | $382 | 100% | 5★ (2) | 0.7 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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$75,823
NOI
$41,427
Cash flow /mo
-$511
Cash needed
$239,250
Cash-on-cash
-2.6%
ROE (yr 1)
8.5%
Cap rate
5.7%
DSCR
0.87
Year-1 write-off
$189,914
Year-1 tax shield @ 32%
$60,773
Year-1 return on equity
- Cash flow (annual)-$6,134
- Principal paydown$4,606
- Appreciation at%$21,750
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)$15,165
- Platform fees (3% of revenue)$2,275
- Maintenance / capex (5% of revenue)$3,791
- Utilities & supplies$4,200
- HOA$4,200
- Property tax$416
- Insurance (STR-rated)$4,350
Cash needed to close
- Down payment (25%)$181,250
- Closing costs (4.0%)$29,000
- Furnishing (bought new)$29,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$60,773
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
$616,000
Short-life (5/15-yr)
$160,000 · 26%
Year-1 deduction
$190,000
Year-1 tax shield @ 32%
$61,000
Land 15% (market default, no usable tax-record split) · building $456,000 over 39 years · new furniture $29,000
Based on: 1,886 sq ft, built 2026, 4 bd / 3.5 ba, unfurnished, listing features (deck, patio, game room, fireplace, stone counters, flooring types, appliance list, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $113,000 in year 1 (14% short-life, $36,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $16,400
Kitchen cabinetsdefault
$9,900 new × 100% good × 1.65 allocation
- $16,800
Kitchen countertops (stone)listing
$10,200 new × 100% good × 1.65 allocation
- $5,400
Decorative trimdefault
$3,300 new × 100% good × 1.65 allocation
- $700
Mirrorsdefault
$500 new × 100% good × 1.65 allocation
- $2,500
Shelvingdefault
$1,500 new × 100% good × 1.65 allocation
- $7,800
Window coverings (19)default
$4,800 new × 100% good × 1.65 allocation
- $10,000
Carpet, vinyl & laminate (50% of floors)listing
$6,100 new × 100% good × 1.65 allocation
- $12,700
Kitchen & laundry equipment plumbingdefault
$7,700 new × 100% good × 1.65 allocation
- $7,700
Kitchen, laundry & data equipment electricaldefault
$4,700 new × 100% good × 1.65 allocation
- $9,400
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 100% good × 1.65 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $14,800
Paving: driveway & walks (paved)default
$9,000 new × 100% good × 1.65 allocation
- $7,100
Landscaping (minimal)listing
$4,300 new × 100% good × 1.65 allocation
- $14,000
Patioslisting
$8,500 new × 100% good × 1.65 allocation
- $35,000
Decks & porches (attached)listing
$21,200 new × 100% good × 1.65 allocation
- $336,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$204,100 new × 100% good × 1.65 allocation
- $35,000
Building plumbing & fixturesdefault
$21,200 new × 100% good × 1.65 allocation
- $34,900
Building electrical & lightingdefault
$21,200 new × 100% good × 1.65 allocation
- $35,000
HVACdefault
$21,200 new × 100% good × 1.65 allocation
- $10,000
Hardwood & tile floorsdefault
$6,100 new × 100% good × 1.65 allocation
- $4,300
Fireplacelisting
$2,600 new × 100% good × 1.65 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $118,500 | $71,000 | $500 | $189,900 |
| 2 | $0 | $0 | $11,700 | $11,700 |
| 3 | $0 | $0 | $11,700 | $11,700 |
| 4 | $0 | $0 | $11,700 | $11,700 |
| 5 | $0 | $0 | $11,700 | $11,700 |
| 6+ | $0 | $0 | $408,600 | $408,600 |
| Total | $118,500 | $71,000 | $455,800 | $645,300 |
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.