STR Yield
← Back to deals
MortgageCash
2945 Tipi Way

2945 Tipi Way

Pigeon Forge, TN 37863

$1,145,000

5 bd · 5.5 ba · 2,700 sqft · Listed 1d ago

View on Realtor.com →
Est. land %

Year built

2026

Sqft

2,700

Lot sqft

436

HOA / mo

$45

Furnished

No

List date

2026-10-29T20:25:16.000000Z

Revenue

Annual revenue

$118,550

ADR

$523

Occupancy

62%

Cleaning fees (12 mo)

$18,278

Confidence

Med (54.51), 22 comps

Comp revenue range (p25 / median / p75)

$58,995$85,289$105,474

Median revenue of shown comps: $85,289

  • Rooftop Hot Tub, Heated Pool, Dollywood, Mtn Views

    Cabin · 5 bd · 6 ba · sleeps 12 · 112 ft

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

    Revenue $153,036ADR $625Occ ≈ 67%5★ (31)

    AirbnbVrboBooking

  • Rooftop w/ Mtn & Sunrise Views, Hot Tub, Indoor Pool, Near Dollywood, Sleeps 12

    Cabin · 5 bd · 5.5 ba · sleeps 12 · 174 ft

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

    Revenue $149,282ADR $638Occ ≈ 64%5★ (10)

    VrboBooking

  • Smoky Mountain Sapphire By Avada Properties

    Vacation home · 5 bd · 6 ba · sleeps 12 · 213 ft

    Revenue $117,736ADR $404Occ ≈ 80%4.5★ (3)

    Booking

  • Rooftop Hot Tub, Indoor Pool, Sunrise & Mtn Views

    Cabin · 5 bd · 6 ba · sleeps 12 · 256 ft

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

    Revenue $115,097ADR $554Occ ≈ 57%5★ (37)

    AirbnbVrbo

  • Luxe Cabin · Rooftop Bar · Indoor Pool · Mtn View

    House · 5 bd · 5.5 ba · sleeps 12 · 338 ft

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

    Revenue $63,625ADR $564Occ ≈ 31%5★

    Vrbo

  • 2 Cabins - Indoor Pool & 2 Hot Tubs - Sleeps 13

    Cabin · 5 bd · 6 ba · sleeps 13 · 0.1 mi

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

    Revenue $44,336ADR $597Occ ≈ 20%5★ (1)

    Airbnb

  • 2 Cabins - Indoor Pool & 2 Hot Tubs - Sleeps 13

    Cabin · 5 bd · 6 ba · sleeps 13 · 0.1 mi

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

    Revenue $12,003ADR $688Occ ≈ 5%—

    VrboBooking

  • 5 King Suites Sleeps 14 | Arcade | 3 Min Dollywood

    Cabin · 5 bd · 5 ba · sleeps 14 · 0.2 mi

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

    Revenue $91,594ADR $469Occ ≈ 54%4.7★ (31)

    AirbnbVrboBooking

  • 5BR Cabin,1 mile -> Parkway | Hot Tub, BBQ, SL16

    Cabin · 5 bd · 5 ba · sleeps 16 · 0.2 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +6

    Revenue $66,724ADR $448Occ ≈ 41%4.7★ (46)

    AirbnbVrboBooking

  • 15 min Dollywood, Game room, Hot tub, Pets Welcome

    Cabin · 5 bd · 5 ba · sleeps 16 · 0.3 mi

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

    Revenue $99,388ADR $561Occ ≈ 49%4.8★ (53)

    AirbnbVrboBooking

Show 12 more

  • Sleeps 14 Free Tickets Hot Tub Pool Table

    Cabin · 5 bd · 5 ba · sleeps 14 · 0.3 mi

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

    Revenue $64,267ADR $533Occ ≈ 33%—

    AirbnbVrbo

  • 5BR 5BA 1 MI to Parkway Hot tub & Pool Table

    Cabin · 5 bd · 5 ba · sleeps 16 · 0.4 mi

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

    Revenue $84,965ADR $473Occ ≈ 49%4.6★ (61)

    AirbnbVrboBooking

  • 1mi to Parkway • Sleeps 13 • New Hot Tub • Updated

    Cabin · 5 bd · 4.5 ba · sleeps 13 · 0.4 mi

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

    Revenue $76,007ADR $378Occ ≈ 55%4.5★ (124)

    AirbnbVrboBooking

  • Brand New Cabin, Close to Parkway, Pool, Hot Tub!

    House · 5 bd · 5.5 ba · sleeps 12 · 0.5 mi

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

    Revenue $57,452ADR $642Occ ≈ 25%5★ (17)

    AirbnbVrbo

  • Sleeps 20 HotTub Theater GameRoom Free Tix

    Cabin · 5 bd · 6 ba · sleeps 16 · 0.5 mi

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

    Revenue $85,613ADR $649Occ ≈ 36%—

    AirbnbVrbo

  • *Spacious 5BD Lodge Near TOWN! Hot Tub + GAMES!*

    Cabin · 5 bd · 5.5 ba · sleeps 16 · 0.5 mi

    Revenue $94,586ADR $440Occ ≈ 59%4.8★ (51)

    Airbnb

  • 5 Min to Pigeon Forge! 5BR*Hot Tub*Fire Pit*Quiet

    Cabin · 5 bd · 5.5 ba · sleeps 16 · 0.5 mi

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

    Revenue $16,904ADR $428Occ ≈ 11%5★ (1)

    AirbnbVrbo

  • Indoor Pool Cabin | Game Room | Near Parkway | 18

    Cabin · 5 bd · 5 ba · sleeps 16 · 0.6 mi

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

    Revenue $119,770ADR $642Occ ≈ 51%4.9★ (72)

    AirbnbVrbo

  • 5BR 5BA 1 MI to Parkway Pool Table Access to Pool

    Cabin · 5 bd · 5 ba · sleeps 14 · 0.6 mi

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

    Revenue $107,503ADR $497Occ ≈ 59%4.8★ (37)

    AirbnbVrboBooking

  • Sleeps 16 Hot Tub GameRoom Theater FREE TIXS

    Cabin · 5 bd · 5 ba · sleeps 16 · 0.7 mi

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

    Revenue $43,703ADR $625Occ ≈ 19%—

    AirbnbVrbo

  • Remodeled Theater/Games/Hot Tub <2 Miles from PF

    Cabin · 5 bd · 5 ba · sleeps 16 · 0.7 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +6

    Revenue $49,646ADR $431Occ ≈ 32%5★ (18)

    AirbnbVrbo

  • Pool community-hottub-pool table

    Cabin · 5 bd · 5 ba · sleeps 16 · 0.7 mi

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

    Revenue $95,429ADR $341Occ ≈ 77%4.9★ (48)

    Airbnb

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

$118,550

NOI

$73,581

Cash flow /mo

$6,132

Cash needed

$1,223,300

Cash-on-cash (all cash)

6.0%

ROE (yr 1)

8.8%

Cap rate

6.4%

DSCR

—

Year-1 write-off

$257,064

Year-1 tax shield @ 32%

$82,261

Year-1 return on equity

  • Cash flow (annual)$73,581
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$34,350
ROE8.8%

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)$23,710
  • Platform fees (3% of revenue)$3,557
  • Maintenance / capex (5% of revenue)$5,928
  • Utilities & supplies$4,200
  • HOA$540
  • Property tax$165
  • Insurance (STR-rated)$6,870

Cash needed to close

  • Purchase price (all cash)$1,145,000
  • Closing costs (4.0%)$45,800
  • Furnishing (bought new)$32,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$82,261

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

$973,000

Short-life (5/15-yr)

$224,000 · 23%

Year-1 deduction

$257,000

Year-1 tax shield @ 32%

$82,000

Land 15% (market default, no usable tax-record split) · building $749,000 over 39 years · new furniture $33,000

Based on: 2,700 sq ft, built 2026, 5 bd / 5.5 ba, unfurnished, listing features (deck, game room, fireplace, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $146,000 in year 1 (12% short-life, $47,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$154,200

  • Kitchen cabinetsdefault

    $11,700 new × 100% good × 1.88 allocation

    $22,100

  • Kitchen countertopsdefault

    $9,600 new × 100% good × 1.88 allocation

    $18,100

  • Decorative trimdefault

    $4,700 new × 100% good × 1.88 allocation

    $8,900

  • Mirrorsdefault

    $800 new × 100% good × 1.88 allocation

    $1,400

  • Shelvingdefault

    $1,800 new × 100% good × 1.88 allocation

    $3,400

  • Window coverings (27)default

    $6,800 new × 100% good × 1.88 allocation

    $12,700

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

    $7,000 new × 100% good × 1.88 allocation

    $13,100

  • Kitchen & laundry equipment plumbingdefault

    $9,100 new × 100% good × 1.88 allocation

    $17,200

  • Kitchen, laundry & data equipment electricaldefault

    $5,500 new × 100% good × 1.88 allocation

    $10,400

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

    $7,700 new × 100% good × 1.88 allocation

    $14,500

  • Furniture bought newlisting

    $26,500 new × 100% good · bought separately

    $26,500

  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$102,100

  • Paving: driveway & walks (paved)default

    $10,800 new × 100% good × 1.88 allocation

    $20,300

  • Landscaping (typical)default

    $10,400 new × 100% good × 1.88 allocation

    $19,500

  • Patiosdefault

    $2,700 new × 100% good × 1.88 allocation

    $5,000

  • Decks & porches (attached)listing

    $30,400 new × 100% good × 1.88 allocation

    $57,200
Building, 39-year$749,500

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

    $292,500 new × 100% good × 1.88 allocation

    $550,900

  • Building plumbing & fixturesdefault

    $30,400 new × 100% good × 1.88 allocation

    $57,300

  • Building electrical & lightingdefault

    $31,500 new × 100% good × 1.88 allocation

    $59,300

  • HVACdefault

    $30,400 new × 100% good × 1.88 allocation

    $57,300

  • Hardwood & tile floorsdefault

    $10,400 new × 100% good × 1.88 allocation

    $19,600

  • Fireplacelisting

    $2,600 new × 100% good × 1.88 allocation

    $5,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$154,200$102,100$800$257,100
2$0$0$19,200$19,200
3$0$0$19,200$19,200
4$0$0$19,200$19,200
5$0$0$19,200$19,200
6+$0$0$671,800$671,800
Total$154,200$102,100$749,500$1,005,800

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.