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Rate 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

855 Campbell Lead Rd Unit 108

855 Campbell Lead Rd Unit 108

Gatlinburg, TN 37738

$685,000

2 bd · 2 ba · 1,504 sqft · Listed 1d ago

View on Realtor.com →
Low confidenceEst. land %High HOANegative cash flow

Year built

2024

Sqft

1,504

Lot sqft

—

HOA / mo

$700

Furnished

No

List date

2026-10-30T17:19:39.000000Z

Revenue

Annual revenue

$64,049

ADR

$274

Occupancy

64%

Cleaning fees (12 mo)

$8,289

Confidence

Low (38.07), 50 comps

Comp revenue range (p25 / median / p75)

$21,257$56,414$74,511

Median revenue of shown comps: $56,042

  • Wake up to Smoky Mountain views! 2BR condo—plus en

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 144 ft

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

    Revenue $61,524ADR $290Occ ≈ 58%5★ (39)

    AirbnbVrboBooking

  • 2 BD| Pool & Mountain View| Sleeps 6| Luxury Renta

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 144 ft

    • Pool
    • Wifi
    • Kitchen
    • Washer
    • +1

    Revenue $63,929ADR $298Occ ≈ 59%4.9★ (36)

    AirbnbVrboBooking

  • New 2 BD- Luxury Vacation and Amenities- Free Tkts

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 144 ft

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

    Revenue $86,875ADR $301Occ ≈ 79%4.8★ (26)

    AirbnbVrboBooking

  • Highlands of the Smokies, 2 BR, Views, Free Ticket

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 144 ft

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

    Revenue $56,983ADR $299Occ ≈ 52%4.8★ (31)

    AirbnbBooking

  • 2 BD| Pool & Mountain View| Sleeps 6| Luxury Renta

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 144 ft

    • Pool
    • Wifi
    • Kitchen
    • Washer
    • +1

    Revenue $66,950ADR $295Occ ≈ 62%5★ (54)

    AirbnbVrboBooking

  • 2 BD| Pool & Mountain View| Sleeps 6| Luxury Renta

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 144 ft

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

    Revenue $69,447ADR $302Occ ≈ 63%4.9★ (15)

    AirbnbVrboBooking

  • Gatlinburg 2 BD| Luxury Vacation Rental| Free Tick

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 144 ft

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

    Revenue $91,910ADR $311Occ ≈ 81%5★ (29)

    AirbnbVrboBooking

  • 2 BD| Pool & Mountain View| Sleeps 6| Luxury Renta

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 144 ft

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

    Revenue $66,960ADR $304Occ ≈ 60%5★ (25)

    AirbnbVrbo

  • 2 BD| Pool & Mountain View| Sleeps 6| Luxury Renta

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 144 ft

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

    Revenue $74,849ADR $305Occ ≈ 67%4.9★ (11)

    AirbnbBooking

  • 2 BD| Pool & Mountain View| Sleeps 6| Gatlinburg R

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 144 ft

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

    Revenue $78,463ADR $302Occ ≈ 71%5★ (2)

    AirbnbBooking

Show 39 more
  • NEW Condo Resort- Luxury-Sleeps 6-Stunning Views!

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 154 ft

    Revenue $56,042ADR $322Occ ≈ 48%4.9★ (26)

    AirbnbBooking

  • Gatlinburg 2 BD| Luxury Vacation Rental| Free Tickets & Views for miles!

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 154 ft

    • Pool
    • Wifi
    • Kitchen
    • Washer
    • +2

    Revenue $83,654ADR $279Occ ≈ 82%5★ (28)

    Vrbo

  • 2 Bd with Views- New Luxury Condo- Outdoor Pool-Sl

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 171 ft

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

    Revenue $70,922ADR $319Occ ≈ 61%5★ (26)

    AirbnbVrboBooking

  • Gatlinburg Condo • 2 King Beds • Views• Pool

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 171 ft

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

    Revenue $54,805ADR $302Occ ≈ 50%5★ (44)

    AirbnbVrboBooking

  • 2 BD New Luxury Condo- Outdoor Pool-Sleeps 6- Free

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 171 ft

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

    Revenue $78,668ADR $302Occ ≈ 71%4.8★ (29)

    AirbnbVrboBooking

  • 2 BR/2 BA Luxury Gatlinburg Condo with $1000 of Fr

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 171 ft

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

    Revenue $65,128ADR $300Occ ≈ 59%5★ (44)

    AirbnbVrboBooking

  • Discover Gatlinburg in Luxury - 2 BR!

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 171 ft

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

    Revenue $73,495ADR $307Occ ≈ 66%5★ (26)

    AirbnbVrboBooking

  • 2BD-Sleeps6- New Luxury Condo with Bird's Eye View

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 171 ft

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

    Revenue $80,585ADR $315Occ ≈ 70%4.7★ (33)

    AirbnbVrboBooking

  • Luxurious Unit - Mountain Views

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

    • Hot tub
    • Pool
    • A/C
    • Wifi
    • +3

    Revenue $48,541ADR $377Occ ≈ 35%5★ (31)

    AirbnbVrbo

  • 2 King Suites + Hot Tub | Sleeps 6 | Gatlinburg

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

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

    Revenue $42,103ADR $269Occ ≈ 43%4.9★ (277)

    AirbnbVrbo

  • Eagles Nest • Mountain View • Hot Tub • Location

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi

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

    Revenue $39,274ADR $279Occ ≈ 39%5★ (11)

    Airbnb

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

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.4 mi

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

    Revenue $34,030ADR $160Occ ≈ 58%4.7★ (280)

    Vrbo

  • Gatlinburg Cabin-Hot Tub-FREE Tickets!

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

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

    Revenue $53,493ADR $218Occ ≈ 67%4.9★ (57)

    AirbnbVrbo

  • Walkable Creekside Retreat with Hot Tub

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

    • Hot tub
    • A/C
    • Pets OK
    • Wifi
    • +4

    Revenue $85,175ADR $275Occ ≈ 85%4.9★ (297)

    AirbnbVrbo

  • Whispering Waters

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

    Revenue $38,323ADR $276Occ ≈ 38%—

    Booking

  • Cozy Creek Cottage•HotTub•PoolTable•FirePit

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.4 mi

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

    Revenue $52,026ADR $283Occ ≈ 50%4.8★ (102)

    AirbnbVrbo

  • Peaceful Gatlinburg Condo Escape Near Downtown

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $1,288ADR $184Occ ≈ 2%—

    Delisted

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.4 mi

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

    Revenue $9,309ADR $135Occ ≈ 19%4.8★ (18)

    AirbnbVrbo

  • HUGE VIEWS! | Fire Pit | Near DTown Gatlinburg!

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.4 mi

    Revenue $75,111ADR $577Occ ≈ 36%5★ (231)

    Delisted

  • Relaxing Mountain Escape

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

    Revenue $17,917ADR $192Occ ≈ 26%4.5★ (3)

    Booking

  • Patriots Den - King Suites and Porch Swings

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.4 mi

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

    Revenue $49,494ADR $311Occ ≈ 44%4.7★ (70)

    AirbnbVrboBooking

  • Gatlinburg Condo Near Downtown & Smoky Mountains

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

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

    Revenue $6,207ADR $141Occ ≈ 12%4.3★ (44)

    AirbnbVrbo

  • 2BR Getaway | King Bed + Spa Tub + Pool

    Serviced apartment · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    • Hot tub
    • Pool
    • A/C
    • Wifi
    • +2

    Revenue $36,046ADR $336Occ ≈ 29%—

    AirbnbVrbo

  • Cozy 2-bedroom cabin in fantastic Gatlinburg with WiFi, AC

    Cabin · 2 bd · 3 ba · sleeps 4 · 0.5 mi

    Revenue $22,777ADR $185Occ ≈ 34%3.4★ (9)

    Delisted

  • Peaceful Smoky Mountain Escape Near Town!

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    Revenue $2,718ADR $302Occ ≈ 2%—

    Delisted

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.5 mi

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

    Revenue $8,745ADR $119Occ ≈ 20%5★ (2)

    Vrbo

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.5 mi

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

    Revenue $8,211ADR $132Occ ≈ 17%3★ (1)

    Vrbo

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.5 mi

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

    Revenue $7,777ADR $119Occ ≈ 18%2★ (1)

    Vrbo

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.5 mi

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

    Revenue $6,419ADR $121Occ ≈ 15%—

    Vrbo

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.5 mi

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

    Revenue $5,650ADR $107Occ ≈ 14%—

    Vrbo

  • Relaxing Smoky Edge Condo Near Downtown・Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.5 mi

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

    Revenue $4,798ADR $204Occ ≈ 6%4.5★ (92)

    AirbnbVrbo

  • Relaxing Smoky Mountain Condo Near Town

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    Revenue $1,812ADR $302Occ ≈ 2%—

    Delisted

  • WOW View! 2 Master Suites! 4 Decks! Huge Game Room

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

    • Hot tub
    • Pool
    • A/C
    • Wifi
    • +3

    Revenue $120,310ADR $357Occ ≈ 92%5★ (210)

    AirbnbVrbo

  • Hello Smoky's | Panoramic Views, Hot Tub, Game

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.5 mi

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

    Revenue $112,228ADR $400Occ ≈ 77%4.8★ (112)

    AirbnbVrboBooking

  • Modern Cabin With Unbelievable View and Great Location with large hot tub!!

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

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

    Revenue $81,821ADR $304Occ ≈ 74%4.9★ (228)

    Vrbo

  • "Susie's Nest" A Mountain Cabin

    Cabin · 2 bd · 3 ba · sleeps 4 · 0.5 mi

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

    Revenue $92,502ADR $323Occ ≈ 78%5★ (135)

    AirbnbVrbo

  • Mtn View EPIC view | hottub | theater | pool table

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.5 mi

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

    Revenue $67,731ADR $287Occ ≈ 65%5★ (77)

    AirbnbVrbo

  • Cozy 2bedroom Chalet Village Luxury Cabin close to Ober, Downtown, Smoky Mtns

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.5 mi

    Revenue $20,750ADR $233Occ ≈ 24%5★ (3)

    Delisted

  • Paradise Peake •PoolTable | HotTub | Epic View

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.5 mi

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

    Revenue $70,487ADR $277Occ ≈ 70%4.8★ (109)

    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
Term

Rate 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

Est. revenue

$64,049

NOI

$26,562

Cash flow /mo

-$1,553

Cash needed

$214,650

Cash-on-cash

-8.7%

ROE (yr 1)

2.9%

Cap rate

3.9%

DSCR

0.59

Year-1 write-off

$109,501

Year-1 tax shield @ 32%

$35,040

Year-1 return on equity

  • Cash flow (annual)-$18,631
  • Principal paydown$4,300
  • Appreciation at%$20,550
ROE2.9%

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)$12,810
  • Platform fees (3% of revenue)$1,921
  • Maintenance / capex (5% of revenue)$3,202
  • Utilities & supplies$4,200
  • HOA$8,400
  • Property tax$2,843
  • Insurance (STR-rated)$4,110

Cash needed to close

  • Down payment (25%)$171,250
  • Closing costs (4.0%)$27,400
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$35,040

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

$582,000

Short-life (5/15-yr)

$93,000 · 16%

Year-1 deduction

$110,000

Year-1 tax shield @ 32%

$35,000

Land 15% (market default, no usable tax-record split) · building $489,000 over 39 years · new furniture $16,000

Based on: 1,504 sq ft, built 2024, 2 bd / 2 ba, unfurnished, listing features (patio, fireplace, stone counters, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $63,000 in year 1 (8% short-life, $20,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$109,000
  • Kitchen cabinetsdefault

    $9,100 new × 92% good × 2.26 allocation

    $18,900
  • Kitchen countertops (stone)listing

    $9,300 new × 92% good × 2.26 allocation

    $19,400
  • Decorative trimdefault

    $2,600 new × 92% good × 2.26 allocation

    $5,500
  • Mirrorsdefault

    $300 new × 83% good × 2.26 allocation

    $600
  • Shelvingdefault

    $900 new × 92% good × 2.26 allocation

    $1,900
  • Window coverings (15)default

    $3,800 new × 80% good × 2.26 allocation

    $6,800
  • Kitchen & laundry equipment plumbingdefault

    $7,100 new × 96% good × 2.26 allocation

    $15,400
  • Kitchen, laundry & data equipment electricaldefault

    $4,300 new × 96% good × 2.26 allocation

    $9,300
  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)listing

    $8,100 new × 83% good × 2.26 allocation

    $15,300
  • Furniture bought newlisting

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

    $16,000
Building, 39-year$489,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $163,100 new × 97% good × 2.26 allocation

    $356,900
  • Building plumbing & fixturesdefault

    $16,900 new × 96% good × 2.26 allocation

    $36,700
  • Building electrical & lightingdefault

    $16,300 new × 96% good × 2.26 allocation

    $35,500
  • HVACdefault

    $16,900 new × 90% good × 2.26 allocation

    $34,500
  • Hardwood & tile floorsdefault

    $9,700 new × 92% good × 2.26 allocation

    $20,200
  • Fireplacelisting

    $2,600 new × 92% good × 2.26 allocation

    $5,500

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$109,000$0$500$109,500
2$0$0$12,500$12,500
3$0$0$12,500$12,500
4$0$0$12,500$12,500
5$0$0$12,500$12,500
6+$0$0$438,600$438,600
Total$109,000$0$489,300$598,300

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.