2778 Waldens Creek Rd

Sevierville, TN 37862

$475,000

2 bd · 2.5 ba · 1,344 sqft · Listed 2d ago

View on Realtor.com →

Low confidenceEst. land %

Year built

1996

Sqft

1,344

Lot sqft

27,878

HOA / mo

Furnished

List date

2026-10-31T20:13:35.000000Z

Revenue

Annual revenue

$45,169

ADR

$233

Occupancy

53%

Cleaning fees (12 mo)

$8,512

Confidence

Low (35.05), 20 comps

Comp revenue range (p25 / median / p75)

$14,680$37,357$55,300

Median revenue of shown comps: $43,882

Fabulous Mountain Cabin Gatlinburg & Pigeon Forge
Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.1 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $52,788ADR $293Occ ≈ 49%4.9★ (166)
Airbnb Vrbo
Sunset Solitude
Cabin · 2 bd · 2 ba · sleeps 4 · 0.2 mi
Revenue $29,121ADR $257Occ ≈ 31%—
Airbnb Booking
Cabin w/ Hot Tub & Deck ~ 7 Mi to Pigeon Forge!
Cabin · 2 bd · 3 ba · sleeps 8 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $30,831ADR $218Occ ≈ 39%4.8★ (88)
Airbnb Vrbo Booking
Peaceful Retreat | Pets OK + Hot Tub + Games
Cabin · 2 bd · 3 ba · sleeps 8 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $66,806ADR $247Occ ≈ 74%4.8★ (4)
Airbnb Vrbo
Secluded Setting-2 Bdrm 2 Bath Petfriendly One Story Cabin Free wifi
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +3
Revenue $30,425ADR $183Occ ≈ 46%4.2★ (56)
Vrbo
Tiny Pet Friendly Home in the Smokies with Firepit
Tiny house · 2 bd · 2 ba · sleeps 4 · 0.3 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +2
Revenue $10,181ADR $123Occ ≈ 23%4.8★ (52)
Airbnb
Cozy 2BD POOL Cabin w/ Hot Tub + Games! Near TOWN!
Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.3 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $81,945ADR $301Occ ≈ 75%4.8★ (38)
Airbnb Vrbo
Bana's Place・Hot Tub・GameRoom・Creek View・Pets Welc
Cabin · 2 bd · 2 ba · sleeps 4 · 0.5 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +4
Revenue $11,871ADR $233Occ ≈ 14%4★ (3)
Airbnb Vrbo
Bana's Place
Vacation home · 2 bd · 2 ba · sleeps 4 · 0.6 mi
Revenue $12,271ADR $327Occ ≈ 10%—
Booking
LOCATION! Log Cabin! Sleeps 6, NO SCARY Roads!
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $72,869ADR $453Occ ≈ 44%5★ (107)
Airbnb Vrbo

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Fabulous Mountain Cabin Gatlinburg & Pigeon Forge Cabin Hot tub A/C Free parking Pets OK +5	2 bd · 2.5 ba · sleeps 6	$52,788	$293	49%	4.9★ (166)	0.1 mi	Airbnb Vrbo
Sunset Solitude Cabin	2 bd · 2 ba · sleeps 4	$29,121	$257	31%	—	0.2 mi	Airbnb Booking
Cabin w/ Hot Tub & Deck ~ 7 Mi to Pigeon Forge! Cabin Hot tub A/C Free parking Wifi +4	2 bd · 3 ba · sleeps 8	$30,831	$218	39%	4.8★ (88)	0.2 mi	Airbnb Vrbo Booking
Peaceful Retreat \| Pets OK + Hot Tub + Games Cabin Hot tub A/C Free parking Pets OK +5	2 bd · 3 ba · sleeps 8	$66,806	$247	74%	4.8★ (4)	0.2 mi	Airbnb Vrbo
Secluded Setting-2 Bdrm 2 Bath Petfriendly One Story Cabin Free wifi Cabin Hot tub A/C Free parking Pets OK +3	2 bd · 2 ba · sleeps 6	$30,425	$183	46%	4.2★ (56)	0.2 mi	Vrbo
Tiny Pet Friendly Home in the Smokies with Firepit Tiny house A/C Free parking Pets OK Wifi +2	2 bd · 2 ba · sleeps 4	$10,181	$123	23%	4.8★ (52)	0.3 mi	Airbnb
Cozy 2BD POOL Cabin w/ Hot Tub + Games! Near TOWN! Cabin Hot tub Pool A/C Free parking +6	2 bd · 2.5 ba · sleeps 4	$81,945	$301	75%	4.8★ (38)	0.3 mi	Airbnb Vrbo
Bana's Place・Hot Tub・GameRoom・Creek View・Pets Welc Cabin Hot tub A/C Free parking Pets OK +4	2 bd · 2 ba · sleeps 4	$11,871	$233	14%	4★ (3)	0.5 mi	Airbnb Vrbo
Bana's Place Vacation home	2 bd · 2 ba · sleeps 4	$12,271	$327	10%	—	0.6 mi	Booking
LOCATION! Log Cabin! Sleeps 6, NO SCARY Roads! Cabin Hot tub A/C Free parking Wifi +4	2 bd · 2 ba · sleeps 6	$72,869	$453	44%	5★ (107)	0.6 mi	Airbnb Vrbo

Show 9 more

Relaxing Creekside Cottage-Gameroom-FREE Tickets
Chalet · 2 bd · 2 ba · sleeps 4 · 0.6 mi
Revenue $15,483ADR $245Occ ≈ 17%4.6★ (40)
Airbnb Booking
Creekside•15 Min Pigeon Forge• Hot Tub• Pool Table
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $43,882ADR $183Occ ≈ 66%4.8★ (76)
Delisted
Quite Cabin On Walden's Creek•15 Min PigeonForge
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +6
Revenue $3,094ADR $162Occ ≈ 5%4.8★ (7)
Airbnb
Mountain Escape-Hot Tub, Waterfalls & Cozy Couch!
Cabin · 2 bd · 2 ba · sleeps 4 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $46,457ADR $316Occ ≈ 40%4.9★ (77)
Airbnb Vrbo
Waterfront Creek Cabin 12 min Pigeon Forge Hot Tub
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +6
Revenue $46,846ADR $196Occ ≈ 65%4.5★ (237)
Airbnb Vrbo
A Walk in the Clouds - Luxury Awaits You!
Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi
- Hot tub
- A/C
- Wifi
- Kitchen
- +3
Revenue $8,997ADR $243Occ ≈ 10%5★ (2)
Airbnb Vrbo
TuckeredBear,Great View,Pool Table,HotTub,Peaceful
Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $62,836ADR $262Occ ≈ 66%5★ (189)
Airbnb Vrbo
Spectacular Smoky Mountain Views
Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +6
Revenue $74,783ADR $247Occ ≈ 83%4.9★ (396)
Airbnb Vrbo
Prime Views! Above & Beyond Pigeon Forge Cabin
Cabin · 2 bd · 2 ba · sleeps 8 · 0.7 mi
Revenue $48,875ADR $213Occ ≈ 63%4.7★ (119)
Airbnb

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Relaxing Creekside Cottage-Gameroom-FREE Tickets Chalet	2 bd · 2 ba · sleeps 4	$15,483	$245	17%	4.6★ (40)	0.6 mi	Airbnb Booking
Creekside•15 Min Pigeon Forge• Hot Tub• Pool Table Cabin	2 bd · 2 ba · sleeps 6	$43,882	$183	66%	4.8★ (76)	0.6 mi	Delisted
Quite Cabin On Walden's Creek•15 Min PigeonForge Cabin Hot tub A/C Free parking Pets OK +6	2 bd · 2 ba · sleeps 6	$3,094	$162	5%	4.8★ (7)	0.6 mi	Airbnb
Mountain Escape-Hot Tub, Waterfalls & Cozy Couch! Cabin Hot tub A/C Free parking Wifi +3	2 bd · 2 ba · sleeps 4	$46,457	$316	40%	4.9★ (77)	0.6 mi	Airbnb Vrbo
Waterfront Creek Cabin 12 min Pigeon Forge Hot Tub Cabin Hot tub A/C Free parking Pets OK +6	2 bd · 2 ba · sleeps 6	$46,846	$196	65%	4.5★ (237)	0.6 mi	Airbnb Vrbo
A Walk in the Clouds - Luxury Awaits You! Cabin Hot tub A/C Wifi Kitchen +3	2 bd · 2 ba · sleeps 6	$8,997	$243	10%	5★ (2)	0.7 mi	Airbnb Vrbo
TuckeredBear,Great View,Pool Table,HotTub,Peaceful Cabin Hot tub Pool A/C Free parking +6	2 bd · 2 ba · sleeps 6	$62,836	$262	66%	5★ (189)	0.7 mi	Airbnb Vrbo
Spectacular Smoky Mountain Views Cabin Hot tub A/C Free parking Pets OK +6	2 bd · 2 ba · sleeps 6	$74,783	$247	83%	4.9★ (396)	0.7 mi	Airbnb Vrbo
Prime Views! Above & Beyond Pigeon Forge Cabin Cabin	2 bd · 2 ba · sleeps 8	$48,875	$213	63%	4.7★ (119)	0.7 mi	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

Purchase priceAlready furnishedTax bracketCount tax savings in returnsOnly if you can use the losses (STR loophole)

Est. revenue

$45,169

NOI

$24,066

Cash flow /mo

$2,005

Cash needed

$516,000

Cash-on-cash (all cash)

4.7%

ROE (yr 1)

7.4%

Cap rate

5.1%

DSCR

—

Year-1 write-off

$125,784

Year-1 tax shield @ 32%

$40,251

Year-1 return on equity

Cash flow (annual)$24,066
Principal paydown (n/a, cash)$0
Appreciation at%$14,250

ROE7.4%

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)$9,034
Platform fees (3% of revenue)$1,355
Maintenance / capex (5% of revenue)$2,258
Utilities & supplies$4,200
HOA$0
Property tax$1,406
Insurance (STR-rated)$2,850

Cash needed to close

Purchase price (all cash)$475,000
Closing costs (4.0%)$19,000
Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

Tax shield @ 32%$40,251

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

$404,000

Short-life (5/15-yr)

$103,000 · 26%

Year-1 deduction

$126,000

Year-1 tax shield @ 32%

$40,000

Land 15% (market default, no usable tax-record split) · building $300,000 over 39 years · new furniture $22,000

Based on: 1,344 sq ft, built 1996, 2 bd / 2.5 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $80,000 in year 1 (14% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$83,900

Kitchen cabinetsdefault
$8,700 new × 40% good × 3.00 allocation
$10,500
Kitchen countertopsdefault
$7,200 new × 40% good × 3.00 allocation
$8,600
Decorative trimdefault
$2,400 new × 40% good × 3.00 allocation
$2,800
Mirrorsdefault
$300 new × 40% good × 3.00 allocation
$400
Shelvingdefault
$900 new × 40% good × 3.00 allocation
$1,100
Window coverings (13)default
$3,300 new × 40% good × 3.00 allocation
$3,900
Carpet, vinyl & laminate (33% of floors)listing
$2,900 new × 40% good × 3.00 allocation
$3,500
Kitchen & laundry equipment plumbingdefault
$6,800 new × 40% good × 3.00 allocation
$8,200
Kitchen, laundry & data equipment electricaldefault
$4,100 new × 40% good × 3.00 allocation
$4,900
Appliances (range, refrigerator, washer, dryer)listing
$6,000 new × 40% good × 3.00 allocation
$7,200
Hot tub (freestanding)listing
$9,000 new × 40% good × 3.00 allocation
$10,800
Furniture bought newlisting
$16,000 new × 100% good · bought separately
$16,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
$6,000

15-year land improvements$41,600

Paving: driveway & walks (paved)default
$7,600 new × 50% good × 3.00 allocation
$11,400
Landscaping (minimal)listing
$3,700 new × 50% good × 3.00 allocation
$5,500
Patiosdefault
$1,300 new × 50% good × 3.00 allocation
$2,000
Decks & porches (attached)listing
$15,100 new × 50% good × 3.00 allocation
$22,700

Building, 39-year$300,300

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$145,700 new × 50% good × 3.00 allocation
$218,700
Building plumbing & fixturesdefault
$15,100 new × 40% good × 3.00 allocation
$18,100
Building electrical & lightingdefault
$14,300 new × 40% good × 3.00 allocation
$17,200
HVACdefault
$15,100 new × 40% good × 3.00 allocation
$18,200
Hardwood & tile floorsdefault
$5,800 new × 40% good × 3.00 allocation
$6,900
Fireplacelisting
$2,600 new × 40% good × 3.00 allocation
$3,200
Septic systemlisting
$12,000 new × 50% good × 3.00 allocation
$18,000

About the property

Sold furnishedGame roomHot tubPoolDeckDrivewayLandscapingFencedIrrigationLong-term rental (27.5-yr)Carpet / vinyl / laminate %Placed in serviceClosing costs $ (adds to basis)Land %Bonus depreciation %

Depreciation schedule: typical cost seg study

Year	5-yr	15-yr	Building	Total
1	$83,900	$41,600	$300	$125,800
2	$0	$0	$7,700	$7,700
3	$0	$0	$7,700	$7,700
4	$0	$0	$7,700	$7,700
5	$0	$0	$7,700	$7,700
6+	$0	$0	$269,200	$269,200
Total	$83,900	$41,600	$300,300	$425,800

The building's share of the price ($404,000) is 3.0x our depreciated replacement cost of the home ($134,000). 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.