Rate 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium

1020 Tramel Rd

Sevierville, TN 37862

$239,000

2 bd · 2 ba · 1,216 sqft · Listed 47d ago

View on Realtor.com →

Low confidence

Year built

1987

Sqft

1,216

Lot sqft

18,295

HOA / mo

Furnished

List date

2026-09-26T19:30:21.000000Z

Revenue

Annual revenue

$33,681

ADR

$168

Occupancy

55%

Cleaning fees (12 mo)

$5,885

Confidence

Low (39.86), 26 comps

Comp revenue range (p25 / median / p75)

$17,782$24,537$48,233

Median revenue of shown comps: $33,719

Monthly Lease 2.5miles from Tanger Outlets
Apartment · 2 bd · 1 ba · sleeps 6 · 413 ft
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $21,341ADR $65Occ ≈ 90%4.8★ (25)
Airbnb Vrbo
Hot tub+ Firepit | Games | Near Pigeon Forge
Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.4 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +4
Revenue $57,763ADR $340Occ ≈ 47%4.7★ (3)
Airbnb Vrbo
New*Dollywood*Fire pit*Arcade*Family Getaway
Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $78,837ADR $254Occ ≈ 85%5★ (92)
Airbnb Vrbo
Elegant Mountain Vista w/ Games & Hot Tub
House · 2 bd · 1 ba · sleeps 8 · 0.5 mi
Revenue $16,020ADR $507Occ ≈ 9%—
Delisted
HILLSIDE HIDEAWAY2! RUN AWAY TO THE MOUNTAINS!
Cabin · 2 bd · 1 ba · sleeps 4 · 0.5 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $19,549ADR $155Occ ≈ 35%5★ (170)
Airbnb Vrbo
HILLSIDE HIDEAWAY 1! Quiet, Secluded, Convenient.
Cabin · 2 bd · 1 ba · sleeps 4 · 0.5 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $26,261ADR $156Occ ≈ 46%5★ (161)
Airbnb Vrbo
Hot Tub • Fire Pit • Cozy Cabin Retreat
Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $48,514ADR $248Occ ≈ 54%5★ (245)
Airbnb
Smokies Cabin Tree House Retreat, Pet-Friendly
Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +4
Revenue $44,856ADR $211Occ ≈ 58%4.9★ (230)
Airbnb Vrbo
ML - Cozy Log Cabin-Hot Tub-Fire-Pit-Pond-Dollywood-Soaky Water Park-Dollywood
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $51,783ADR $231Occ ≈ 61%5★ (226)
Vrbo
6 Guest Cabin | Smoky Mountains | Near Attractions
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +4
Revenue $21,335ADR $199Occ ≈ 29%4.7★ (59)
Airbnb Vrbo Booking

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Monthly Lease 2.5miles from Tanger Outlets Apartment A/C Free parking Wifi Kitchen +1	2 bd · 1 ba · sleeps 6	$21,341	$65	90%	4.8★ (25)	413 ft	Airbnb Vrbo
Hot tub+ Firepit \| Games \| Near Pigeon Forge Cabin Hot tub A/C Free parking Pets OK +4	2 bd · 2.5 ba · sleeps 8	$57,763	$340	47%	4.7★ (3)	0.4 mi	Airbnb Vrbo
NewDollywoodFire pitArcadeFamily Getaway Cabin Hot tub A/C Free parking Wifi +4	2 bd · 2 ba · sleeps 6	$78,837	$254	85%	5★ (92)	0.4 mi	Airbnb Vrbo
Elegant Mountain Vista w/ Games & Hot Tub House	2 bd · 1 ba · sleeps 8	$16,020	$507	9%	—	0.5 mi	Delisted
HILLSIDE HIDEAWAY2! RUN AWAY TO THE MOUNTAINS! Cabin A/C Free parking Wifi Kitchen +3	2 bd · 1 ba · sleeps 4	$19,549	$155	35%	5★ (170)	0.5 mi	Airbnb Vrbo
HILLSIDE HIDEAWAY 1! Quiet, Secluded, Convenient. Cabin A/C Free parking Wifi Kitchen +3	2 bd · 1 ba · sleeps 4	$26,261	$156	46%	5★ (161)	0.5 mi	Airbnb Vrbo
Hot Tub • Fire Pit • Cozy Cabin Retreat Cabin Hot tub A/C Free parking Wifi +4	2 bd · 2 ba · sleeps 6	$48,514	$248	54%	5★ (245)	0.5 mi	Airbnb
Smokies Cabin Tree House Retreat, Pet-Friendly Cabin Hot tub A/C Free parking Pets OK +4	2 bd · 2.5 ba · sleeps 4	$44,856	$211	58%	4.9★ (230)	0.6 mi	Airbnb Vrbo
ML - Cozy Log Cabin-Hot Tub-Fire-Pit-Pond-Dollywood-Soaky Water Park-Dollywood Cabin Hot tub A/C Free parking Wifi +4	2 bd · 2 ba · sleeps 6	$51,783	$231	61%	5★ (226)	0.6 mi	Vrbo
6 Guest Cabin \| Smoky Mountains \| Near Attractions Cabin A/C Free parking Pets OK Wifi +4	2 bd · 2 ba · sleeps 6	$21,335	$199	29%	4.7★ (59)	0.6 mi	Airbnb Vrbo Booking

Show 12 more

Fishin N Wishin Catch and Release FirePit HotTub
Vacation home · 2 bd · 2 ba · sleeps 4 · 0.6 mi
Revenue $56,457ADR $209Occ ≈ 74%5★ (2)
Booking
Pondside Cabin | Hot Tub, Fire Pit & Porch Swing
Cabin · 2 bd · 2 ba · sleeps 4 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +3
Revenue $48,139ADR $193Occ ≈ 68%4.5★ (68)
Airbnb Vrbo
Downtown Sevierville Cabin on Catch & Release Pond
Cabin · 2 bd · 2 ba · sleeps 4 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $38,333ADR $230Occ ≈ 46%4.9★ (68)
Airbnb Vrbo
Fall Specials!Fire Pit!2 Kings! Hot Tub|Pool Table
Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $43,779ADR $228Occ ≈ 53%5★ (183)
Airbnb Vrbo
Honey Bear- The Cardinal's Nest!
Cabin · 2 bd · 2 ba · sleeps 4 · 0.6 mi
Revenue $20,864ADR $211Occ ≈ 27%4.8★ (15)
Delisted
Heavenly Haze Hideaway
Villa · 2 bd · 1 ba · sleeps 6 · 0.6 mi
Revenue $26,173ADR $179Occ ≈ 40%3.5★ (3)
Booking
Dream Cabin. 30% discount on WahooZipline
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $68,419ADR $241Occ ≈ 78%4.8★ (363)
Airbnb Vrbo
EV Cottage, Fenced Yard, Pets Free
House · 2 bd · 2 ba · sleeps 6 · 0.7 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $57,675ADR $197Occ ≈ 80%5★ (122)
Airbnb Vrbo Booking
Gummy Bear!
House · 2 bd · 2 ba · sleeps 4 · 0.7 mi
Revenue $22,901ADR $555Occ ≈ 11%4.9★ (293)
Airbnb
The Henley - Romantic Smoky Mountain Retreat
Cabin · 2 bd · 2 ba · sleeps 4 · 0.7 mi
Revenue $5,702ADR $325Occ ≈ 5%—
Delisted
The Henley Cabin - Secluded | Romantic Getaway
Cabin · 2 bd · 2 ba · sleeps 4 · 0.7 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +3
Revenue $17,493ADR $221Occ ≈ 22%4.8★ (17)
Airbnb Vrbo Booking
Honey Bear!
Cabin · 2 bd · 2 ba · sleeps 4 · 0.7 mi
Revenue $29,104ADR $4,690Occ ≈ 2%4.9★ (286)
Airbnb

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Fishin N Wishin Catch and Release FirePit HotTub Vacation home	2 bd · 2 ba · sleeps 4	$56,457	$209	74%	5★ (2)	0.6 mi	Booking
Pondside Cabin \| Hot Tub, Fire Pit & Porch Swing Cabin Hot tub A/C Free parking Pets OK +3	2 bd · 2 ba · sleeps 4	$48,139	$193	68%	4.5★ (68)	0.6 mi	Airbnb Vrbo
Downtown Sevierville Cabin on Catch & Release Pond Cabin Hot tub A/C Free parking Wifi +4	2 bd · 2 ba · sleeps 4	$38,333	$230	46%	4.9★ (68)	0.6 mi	Airbnb Vrbo
Fall Specials!Fire Pit!2 Kings! Hot Tub\|Pool Table Cabin Hot tub A/C Free parking Wifi +4	2 bd · 2.5 ba · sleeps 6	$43,779	$228	53%	5★ (183)	0.6 mi	Airbnb Vrbo
Honey Bear- The Cardinal's Nest! Cabin	2 bd · 2 ba · sleeps 4	$20,864	$211	27%	4.8★ (15)	0.6 mi	Delisted
Heavenly Haze Hideaway Villa	2 bd · 1 ba · sleeps 6	$26,173	$179	40%	3.5★ (3)	0.6 mi	Booking
Dream Cabin. 30% discount on WahooZipline Cabin Hot tub A/C Free parking Wifi +4	2 bd · 2 ba · sleeps 6	$68,419	$241	78%	4.8★ (363)	0.6 mi	Airbnb Vrbo
EV Cottage, Fenced Yard, Pets Free House Hot tub A/C Free parking Pets OK +5	2 bd · 2 ba · sleeps 6	$57,675	$197	80%	5★ (122)	0.7 mi	Airbnb Vrbo Booking
Gummy Bear! House	2 bd · 2 ba · sleeps 4	$22,901	$555	11%	4.9★ (293)	0.7 mi	Airbnb
The Henley - Romantic Smoky Mountain Retreat Cabin	2 bd · 2 ba · sleeps 4	$5,702	$325	5%	—	0.7 mi	Delisted
The Henley Cabin - Secluded \| Romantic Getaway Cabin Hot tub A/C Free parking Pets OK +3	2 bd · 2 ba · sleeps 4	$17,493	$221	22%	4.8★ (17)	0.7 mi	Airbnb Vrbo Booking
Honey Bear! Cabin	2 bd · 2 ba · sleeps 4	$29,104	$4,690	2%	4.9★ (286)	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

Term

Purchase priceDown payment %30-yr rate %Already furnishedTax bracketCount tax savings in returnsOnly if you can use the losses (STR loophole)

Rate 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium

Est. revenue

$33,681

NOI

$17,985

Cash flow /mo

$192

Cash needed

$85,310

Cash-on-cash

2.7%

ROE (yr 1)

12.9%

Cap rate

7.5%

DSCR

1.15

Year-1 write-off

$68,230

Year-1 tax shield @ 32%

$21,834

Year-1 return on equity

Cash flow (annual)$2,307
Principal paydown$1,518
Appreciation at%$7,170

ROE12.9%

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)$6,736
Platform fees (3% of revenue)$1,010
Maintenance / capex (5% of revenue)$1,684
Utilities & supplies$4,200
HOA$0
Property tax$631
Insurance (STR-rated)$1,434

Cash needed to close

Down payment (25%)$59,750
Closing costs (4.0%)$9,560
Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

Tax shield @ 32%$21,834

Property tax, insurance rate and the land/building split come from this listing's county tax record; 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

$194,000

Short-life (5/15-yr)

$52,000 · 27%

Year-1 deduction

$68,000

Year-1 tax shield @ 32%

$22,000

Land 19% (county tax record, market value split) · building $142,000 over 39 years · new furniture $16,000

Based on: 1,216 sq ft, built 1987, 2 bd / 2 ba, unfurnished, listing features (none cost-relevant).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $52,000 in year 1 (18% short-life, $17,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$51,100

Kitchen cabinetsdefault
$8,500 new × 40% good × 2.01 allocation
$6,800
Kitchen countertopsdefault
$6,900 new × 40% good × 2.01 allocation
$5,600
Decorative trimdefault
$2,100 new × 40% good × 2.01 allocation
$1,700
Mirrorsdefault
$300 new × 40% good × 2.01 allocation
$200
Shelvingdefault
$900 new × 40% good × 2.01 allocation
$700
Window coverings (12)default
$3,000 new × 40% good × 2.01 allocation
$2,400
Carpet, vinyl & laminate (40% of floors)default
$3,100 new × 40% good × 2.01 allocation
$2,500
Kitchen & laundry equipment plumbingdefault
$6,600 new × 40% good × 2.01 allocation
$5,300
Kitchen, laundry & data equipment electricaldefault
$4,000 new × 40% good × 2.01 allocation
$3,200
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.01 allocation
$6,500
Furniture bought newlisting
$16,000 new × 100% good · bought separately
$16,000

15-year land improvements$16,700

Paving: driveway & walks (paved)default
$7,200 new × 50% good × 2.01 allocation
$7,300
Landscaping (typical)default
$7,000 new × 50% good × 2.01 allocation
$7,000
Patiosdefault
$1,200 new × 50% good × 2.01 allocation
$1,200
Decks & porches (attached)default
$1,200 new × 50% good × 2.01 allocation
$1,200

Building, 39-year$142,100

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$131,700 new × 40% good × 2.01 allocation
$106,100
Building plumbing & fixturesdefault
$13,600 new × 40% good × 2.01 allocation
$11,000
Building electrical & lightingdefault
$12,700 new × 40% good × 2.01 allocation
$10,200
HVACdefault
$13,700 new × 40% good × 2.01 allocation
$11,000
Hardwood & tile floorsdefault
$4,700 new × 40% good × 2.01 allocation
$3,800

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	$51,100	$16,700	$500	$68,200
2	$0	$0	$3,600	$3,600
3	$0	$0	$3,600	$3,600
4	$0	$0	$3,600	$3,600
5	$0	$0	$3,600	$3,600
6+	$0	$0	$127,100	$127,100
Total	$51,100	$16,700	$142,100	$209,900

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.