3815 E Parkway Apt 13
Gatlinburg, TN 37738
$230,000
2 bd · 2 ba · 1,131 sqft · Listed 1d ago
View on Realtor.com →Year built
1974
Sqft
1,131
Lot sqft
436
HOA / mo
$425
Furnished
No
List date
2026-10-11T18:21:19.000000Z
Revenue
Annual revenue
$40,580
ADR
$171
Occupancy
65%
Cleaning fees (12 mo)
$8,750
Confidence
Low (51.61), 50 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $43,105
Cozy Mountain View Hideaway Condo On Golf Course
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 292 ft
Revenue $6,227ADR $172Occ ≈ 10%3.9★ (7)
Makin Memories by Venture Smoky Mountains
Vacation home · 2 bd · 2 ba · sleeps 6 · 522 ft
Revenue $63,757ADR $289Occ ≈ 60%—
Black Bear Hideaway - Stunning Mountain Views
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $448ADR $224Occ ≈ 1%5★ (1)
Snow Hill - 2BR/New Hot Tub/New Firepit/Grill/Sleeps 6
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $47,756ADR $148Occ ≈ 88%4.6★ (93)
Infinite Views - Secluded w/ Mountain Views by Heavenly Views Resort
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $29,392ADR $175Occ ≈ 46%4.5★ (2)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Summer Escape Peaceful Smoky Mtn 2BR 2BA Condo Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $15,247 | $175 | 24% | 4.8★ (177) | 174 ft | AirbnbVrbo |
Cozy Mountain View Hideaway Condo On Golf Course Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $6,227 | $172 | 10% | 3.9★ (7) | 292 ft | Airbnb |
Cozy Golf Course Mountain Retreat Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $17,630 | $159 | 30% | 4.8★ (36) | 299 ft | AirbnbVrbo |
Makin Memories by Venture Smoky Mountains Vacation home | 2 bd · 2 ba · sleeps 6 | $63,757 | $289 | 60% | — | 522 ft | Booking |
Summer Deals! Cozy Smoky Mountain Retreat Apartment | 2 bd · 2 ba · sleeps 6 | $13,202 | $153 | 24% | 4.7★ (24) | 522 ft | AirbnbVrboBooking |
Black Bear Hideaway - Stunning Mountain Views Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $448 | $224 | 1% | 5★ (1) | 0.1 mi | Vrbo |
Smoky Mountain Gatlinburg Getaway Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $7,698 | $164 | 13% | 4.8★ (15) | 0.1 mi | AirbnbVrbo |
Inviting 2- Bedroom Cabin w/ Hot Tub Cabin | 2 bd · 2 ba · sleeps 6 | $51,995 | $267 | 53% | 3.5★ (2) | 0.2 mi | AirbnbVrbo |
Snow Hill - 2BR/New Hot Tub/New Firepit/Grill/Sleeps 6 Cabin | 2 bd · 2 ba · sleeps 6 | $47,756 | $148 | 88% | 4.6★ (93) | 0.2 mi | Vrbo |
Infinite Views - Secluded w/ Mountain Views by Heavenly Views Resort Cabin | 2 bd · 2 ba · sleeps 6 | $29,392 | $175 | 46% | 4.5★ (2) | 0.2 mi | Vrbo |
Show 39 more
Stunning Views - 2BR/New Hot Tub/New Firepit/Grill/Perfect for 8
Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $47,735ADR $152Occ ≈ 86%4.4★ (75)
Star Views - Secluded w/Mountain Views by Heavenly Views Resort
Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $34,225ADR $198Occ ≈ 47%5★ (2)
Mountain Views!*Awesome Reviews!*Deck w/Hot tub!*
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $76,786ADR $241Occ ≈ 87%5★ (435)
*Charming 2BD+Loft Cabin! HOT TUB + Pool*
Cabin · 2 bd · 2.5 ba · sleeps 7 · 0.2 mi
Revenue $67,409ADR $453Occ ≈ 41%4.9★ (59)
Moondance by American Patriot Getaways
Vacation home · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $27,899ADR $220Occ ≈ 35%—
Sona Cabins
Apartment · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $53,075ADR $152Occ ≈ 96%4.9★ (18)
Hot Tub, Mountain views, Pool & Resort Escape!
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $52,530ADR $211Occ ≈ 68%5★ (21)
Mimi and Pops Place by Avada Properties
Vacation home · 2 bd · 1 ba · sleeps 4 · 0.2 mi
Revenue $46,876ADR $197Occ ≈ 65%4.8★ (4)
Great Getaway - Any Time of Year!
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $23,333ADR $181Occ ≈ 35%4.9★ (42)
Southern Comfort Cabin By Avada Properties
Vacation home · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $52,683ADR $195Occ ≈ 74%—
Mnt Views~ Hot Tub~Pool~1Level~Borders Nat Park
Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $47,012ADR $254Occ ≈ 51%4.8★ (13)
Luxe Condo | Mountain Views | Pool, Hot Tub, Sauna
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $10,139ADR $207Occ ≈ 13%4.7★ (16)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Stunning Views - 2BR/New Hot Tub/New Firepit/Grill/Perfect for 8 Cabin | 2 bd · 2 ba · sleeps 8 | $47,735 | $152 | 86% | 4.4★ (75) | 0.2 mi | Vrbo |
Star Views - Secluded w/Mountain Views by Heavenly Views Resort Cabin | 2 bd · 2 ba · sleeps 8 | $34,225 | $198 | 47% | 5★ (2) | 0.2 mi | Vrbo |
Leconte Views Cabin | 2 bd · 2 ba · sleeps 8 | $38,473 | $214 | 49% | 4.5★ (4) | 0.2 mi | AirbnbBooking |
Mammoth Views Cabin | 2 bd · 2 ba · sleeps 8 | $38,970 | $205 | 52% | 3.1★ (5) | 0.2 mi | AirbnbVrboBooking |
American Views Cabin | 2 bd · 2 ba · sleeps 8 | $26,449 | $191 | 38% | 4.3★ (7) | 0.2 mi | AirbnbVrboBooking |
Star Views - Secluded W/mountain Views Cabin
| 2 bd · 2 ba · sleeps 8 | $51,222 | $165 | 85% | 4.2★ (106) | 0.2 mi | AirbnbVrboBooking |
Infinite Views - Secluded W/ Mountain Views Cabin | 2 bd · 2 ba · sleeps 6 | $41,684 | $167 | 68% | 4.5★ (111) | 0.2 mi | AirbnbVrboBooking |
Snow Hill - Secluded W/ Mountain Views Cabin | 2 bd · 2 ba · sleeps 6 | $33,203 | $188 | 48% | 4.8★ (22) | 0.2 mi | AirbnbVrboBooking |
Livin' Good - Hot Tub, Resort Pool & Wooded Views Cabin | 2 bd · 2 ba · sleeps 6 | $44,909 | $229 | 54% | 4.8★ (20) | 0.2 mi | AirbnbVrboBooking |
2BR Cabin w/ Pool Access & Free Attraction Tickets Cabin | 2 bd · 2 ba · sleeps 8 | $40,060 | $234 | 47% | 4.8★ (52) | 0.2 mi | AirbnbVrboBooking |
Mountain Views!*Awesome Reviews!*Deck w/Hot tub!* Cabin | 2 bd · 2 ba · sleeps 6 | $76,786 | $241 | 87% | 5★ (435) | 0.2 mi | Airbnb |
Beautiful Lofted Condo, Centrally Located Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $27,008 | $247 | 30% | 4.4★ (8) | 0.2 mi | AirbnbVrbo |
*Charming 2BD+Loft Cabin! HOT TUB + Pool* Cabin | 2 bd · 2.5 ba · sleeps 7 | $67,409 | $453 | 41% | 4.9★ (59) | 0.2 mi | Airbnb |
Gatlinburg Resort Cabin w/ Pool By National Park! Cabin | 2 bd · 2 ba · sleeps 7 | $50,010 | $274 | 50% | 4.6★ (168) | 0.2 mi | AirbnbVrboBooking |
Mountain Views - Treetip Lodge Cabin
| 2 bd · 2 ba · sleeps 7 | $66,813 | $216 | 85% | 5★ (456) | 0.2 mi | AirbnbVrbo |
White Oak Resort | Hot Tub • Pool • Easy Roads Cabin | 2 bd · 2 ba · sleeps 6 | $33,244 | $254 | 36% | 4.7★ (4) | 0.2 mi | AirbnbBooking |
Resort amenities, hot-tub on screened-in deck Cabin
| 2 bd · 2 ba · sleeps 6 | $7,388 | $205 | 10% | 5★ (9) | 0.2 mi | AirbnbVrbo |
*Amazing 2BD Cabin w/ Hot Tub! Gym & Pool Access* Cabin
| 2 bd · 2 ba · sleeps 6 | $47,661 | $191 | 68% | 4.8★ (68) | 0.2 mi | AirbnbVrboBooking |
Moondance by American Patriot Getaways Vacation home | 2 bd · 2 ba · sleeps 6 | $27,899 | $220 | 35% | — | 0.2 mi | Booking |
Sona Cabins Apartment | 2 bd · 2 ba · sleeps 6 | $53,075 | $152 | 96% | 4.9★ (18) | 0.2 mi | Booking |
Hot Tub, Mountain views, Pool & Resort Escape! Cabin | 2 bd · 2 ba · sleeps 6 | $52,530 | $211 | 68% | 5★ (21) | 0.2 mi | Airbnb |
Charming Wooded Cabin Retreat House | 2 bd · 1.5 ba · sleeps 6 | $43,331 | $186 | 64% | 4.9★ (158) | 0.2 mi | AirbnbVrbo |
2 Bedroom cabin w/game room Cabin | 2 bd · 2 ba · sleeps 8 | $59,602 | $296 | 55% | 4.9★ (38) | 0.2 mi | AirbnbVrbo |
Serene & Spacious Log Cabin・Hot Tub・Screened Porch Cabin
| 2 bd · 2 ba · sleeps 8 | $36,916 | $188 | 54% | 3.5★ (10) | 0.2 mi | AirbnbVrboBooking |
Super Views, Flat roads, Hot Tub Cabin
| 2 bd · 2 ba · sleeps 8 | $82,706 | $240 | 94% | 4.8★ (247) | 0.2 mi | AirbnbVrboBooking |
Perfect Cabin Getaway | Built in 2021 | HotTub Cabin
| 2 bd · 1 ba · sleeps 4 | $43,105 | $196 | 60% | 5★ (265) | 0.2 mi | AirbnbVrbo |
Mimi and Pops Place by Avada Properties Vacation home | 2 bd · 1 ba · sleeps 4 | $46,876 | $197 | 65% | 4.8★ (4) | 0.2 mi | Booking |
Great Getaway - Any Time of Year! Cabin | 2 bd · 2 ba · sleeps 6 | $23,333 | $181 | 35% | 4.9★ (42) | 0.2 mi | Airbnb |
Pool Table, Hot Tub, Arcade, WiFi, Wheelchair Cabin
| 2 bd · 2 ba · sleeps 6 | $68,241 | $239 | 78% | 4.8★ (241) | 0.2 mi | AirbnbVrbo |
Southern Comfort Cabin By Avada Properties Vacation home | 2 bd · 2 ba · sleeps 6 | $52,683 | $195 | 74% | — | 0.2 mi | Booking |
Mnt Views~ Hot Tub~Pool~1Level~Borders Nat Park Cabin | 2 bd · 2 ba · sleeps 6 | $47,012 | $254 | 51% | 4.8★ (13) | 0.3 mi | Airbnb |
Gatlinburg Cabin | Hot Tub + Arcade | Sleeps 8 Cabin
| 2 bd · 2 ba · sleeps 8 | $22,289 | $267 | 23% | 5★ (11) | 0.3 mi | AirbnbVrbo |
Arcade | Hot Tub | Easy Drive to Gatlinburg Cabin
| 2 bd · 2 ba · sleeps 6 | $47,065 | $285 | 45% | 5★ (153) | 0.3 mi | AirbnbVrbo |
Romantic- Sevierville Pigeon Forge Dollywood GSMNP Cabin
| 2 bd · 2 ba · sleeps 6 | $74,767 | $266 | 77% | 4.9★ (221) | 0.3 mi | AirbnbVrbo |
Moondance Cabin*Resort Setting*Sleeps 6*Gatlinburg Cabin | 2 bd · 2 ba · sleeps 6 | $14,567 | $188 | 21% | 4.2★ (5) | 0.3 mi | AirbnbVrbo |
Resort Pool Retreat • Hot Tub • Near GSMNP Cabin | 2 bd · 2 ba · sleeps 6 | $39,792 | $218 | 50% | 5★ (24) | 0.3 mi | AirbnbVrboBooking |
2BR w/Hot Tub*Jacuzzi*Game Room*Resort Amenities! Cabin
| 2 bd · 2.5 ba · sleeps 7 | $57,208 | $218 | 72% | 5★ (62) | 0.3 mi | AirbnbVrbo |
Big Savings! Updated Cabin with Screened Hot Tub Cabin
| 2 bd · 2 ba · sleeps 8 | $58,475 | $238 | 67% | 4.8★ (89) | 0.3 mi | AirbnbVrbo |
Luxe Condo | Mountain Views | Pool, Hot Tub, Sauna Condominium (condo) | 2 bd · 2 ba · sleeps 4 | $10,139 | $207 | 13% | 4.7★ (16) | 0.3 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
Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$40,580
NOI
$17,422
Cash flow /mo
$168
Cash needed
$82,700
Cash-on-cash
2.4%
ROE (yr 1)
12.5%
Cap rate
7.6%
DSCR
1.13
Year-1 write-off
$59,385
Year-1 tax shield @ 32%
$19,003
Year-1 return on equity
- Cash flow (annual)$2,016
- Principal paydown$1,399
- Appreciation at%$6,900
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)$8,116
- Platform fees (3% of revenue)$1,217
- Maintenance / capex (5% of revenue)$2,029
- Utilities & supplies$4,200
- HOA$5,100
- Property tax$1,116
- Insurance (STR-rated)$1,380
Cash needed to close
- Down payment (25%)$57,500
- Closing costs (4.0%)$9,200
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$19,003
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
$196,000
Short-life (5/15-yr)
$43,000 · 22%
Year-1 deduction
$59,000
Year-1 tax shield @ 32%
$19,000
Land 15% (market default, no usable tax-record split) · building $152,000 over 39 years · new furniture $16,000
Based on: 1,131 sq ft, built 1974, 2 bd / 2 ba, unfurnished, listing features (covered patio, fireplace, stone counters, flooring types, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $41,000 in year 1 (13% short-life, $13,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,800
Kitchen cabinetsdefault
$8,300 new × 40% good × 2.35 allocation
- $8,000
Kitchen countertops (stone)listing
$8,500 new × 40% good × 2.35 allocation
- $1,900
Decorative trimdefault
$2,000 new × 40% good × 2.35 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.35 allocation
- $800
Shelvingdefault
$900 new × 40% good × 2.35 allocation
- $2,600
Window coverings (11)default
$2,800 new × 40% good × 2.35 allocation
- $6,800
Carpet, vinyl & laminate (100% of floors)listing
$7,300 new × 40% good × 2.35 allocation
- $6,100
Kitchen & laundry equipment plumbingdefault
$6,400 new × 40% good × 2.35 allocation
- $3,700
Kitchen, laundry & data equipment electricaldefault
$3,900 new × 40% good × 2.35 allocation
- $5,400
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 40% good × 2.35 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $115,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$122,400 new × 40% good × 2.35 allocation
- $11,900
Building plumbing & fixturesdefault
$12,700 new × 40% good × 2.35 allocation
- $10,900
Building electrical & lightingdefault
$11,600 new × 40% good × 2.35 allocation
- $12,000
HVACdefault
$12,700 new × 40% good × 2.35 allocation
- $2,500
Fireplacelisting
$2,600 new × 40% good × 2.35 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $59,200 | $0 | $200 | $59,400 |
| 2 | $0 | $0 | $3,900 | $3,900 |
| 3 | $0 | $0 | $3,900 | $3,900 |
| 4 | $0 | $0 | $3,900 | $3,900 |
| 5 | $0 | $0 | $3,900 | $3,900 |
| 6+ | $0 | $0 | $136,500 | $136,500 |
| Total | $59,200 | $0 | $152,300 | $211,500 |
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.