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Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

1660 Raccoon Den Way

1660 Raccoon Den Way

Sevierville, TN 37862

$515,000

3 bd · 3.5 ba · 2,016 sqft · Listed today

View on Realtor.com →
Negative cash flow

Year built

2001

Sqft

2,016

Lot sqft

9,583

HOA / mo

$157

Furnished

No

List date

2026-10-02T01:28:10.000000Z

Revenue

Annual revenue

$42,074

ADR

$283

Occupancy

41%

Cleaning fees (12 mo)

$6,746

Confidence

Med (52.01), 46 comps

Comp revenue range (p25 / median / p75)

$43,945$63,957$78,902
  • 3bd Cabin less than 5 minutes to Dollywood

    House · 3 bd · 3.5 ba · sleeps 10 · 0 ft

    Revenue $25,079ADR $297Occ ≈ 23%4.9★ (170)

    Vrbo

  • Raccoons' Rest: Kick Back in the Smokies

    Cabin · 3 bd · 3.5 ba · sleeps 8 · 249 ft

    Revenue $83,851ADR $401Occ ≈ 57%4.5★ (18)

    AirbnbVrbo

  • Close to Dollywood and Pigeon Forge- Indoor Pool Access-Putt Putt Area-Gameroom-Outdoor tv and more

    Chalet · 3 bd · 3 ba · sleeps 10 · 272 ft

    Revenue $60,084ADR $300Occ ≈ 55%4.1★ (51)

    VrboBooking

  • Sale! 1.5mi to DollyWood! IndoorPool | Hot Tub

    Cabin · 3 bd · 3.5 ba · sleeps 8 · 384 ft

    Revenue $80,097ADR $243Occ ≈ 90%4.8★ (246)

    AirbnbVrbo

  • Smoky Mountains cabin with hot tub, 1mi from Dollywood, pool access, sleeps 16

    Cabin · 3 bd · 3 ba · sleeps 16 · 459 ft

    Revenue $58,097ADR $306Occ ≈ 52%4.7★ (262)

    Vrbo

  • Dollywood Hideaway | Indoor Pool, Hot Tub | Arcade

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.1 mi

    Revenue $55,865ADR $329Occ ≈ 47%4.8★ (186)

    AirbnbVrbo

  • *3 min to Dollywood!* Breathtaking Views!

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.1 mi

    Revenue $53,213ADR $350Occ ≈ 42%5★ (93)

    AirbnbVrbo

  • Indoor Heated Pool |4 min from Dollywood! Hot Tub

    Cabin · 3 bd · 2.5 ba · sleeps 11 · 0.2 mi

    Revenue $91,678ADR $340Occ ≈ 74%4.7★ (189)

    AirbnbVrboBooking

  • Tranquility Hollow-pool! 1 mile to Dollywood!

    Chalet · 3 bd · 3 ba · sleeps 10 · 0.2 mi

    Revenue $89,543ADR $475Occ ≈ 52%4.8★ (34)

    AirbnbVrboBooking

  • Views OF Heaven Fireworks From Deck at Dollywood<br>Hot Tub,WIFI, Yr Rd Pool ,

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $29,649ADR $351Occ ≈ 23%4.9★ (430)

    Vrbo

Show all 46 comps
  • Pitch Perfect: View, Hot Tub, Games, Pool & MORE

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.2 mi

    Revenue $65,783ADR $304Occ ≈ 59%5★ (12)

    AirbnbVrbo

  • Pitch Perfect!1mi to Dolly, HotTub, GameRoom, Pool

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.2 mi

    Revenue $81,968ADR $375Occ ≈ 60%4.8★ (131)

    AirbnbVrboBooking

  • Poolside Paradise Sauna Jacuzzi Game Room Hot Tub Mile To Dollywood Indoor Pool

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $1,268ADR $317Occ ≈ 1%5★ (81)

    Vrbo

  • Fall Dates Open~1.5 Mile from Dollywood~ Hot Tub

    Cabin · 3 bd · 4 ba · sleeps 8 · 0.3 mi

    Revenue $65,602ADR $314Occ ≈ 57%5★ (156)

    AirbnbVrbo

  • "Cheeky Chipmunk Getaway" 3 Bedroom Cabin

    House · 3 bd · 2.5 ba · sleeps 7 · 0.3 mi

    Revenue $12,121ADR $318Occ ≈ 10%—

    AirbnbVrbo

  • Peekin' Over Pigeon Forge | By Colonial Properties

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.3 mi

    Revenue $71,997ADR $305Occ ≈ 65%4.8★ (9)

    AirbnbVrbo

  • Peekin' Over Pigeon Forge

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.3 mi

    Revenue $26,305ADR $279Occ ≈ 26%4.8★ (4)

    AirbnbVrbo

  • Amazing View! 5 miles from The Parkway

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.3 mi

    Revenue $56,667ADR $269Occ ≈ 58%4.9★ (282)

    AirbnbVrbo

  • Rustic Elegance w/ Views, Games & Hot Tub

    Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.4 mi

    Revenue $63,023ADR $340Occ ≈ 51%1.5★ (2)

    AirbnbVrbo

  • SKY HAVEN (4 miles to Dollywood) very private

    Cabin · 3 bd · 2.5 ba · sleeps 12 · 0.4 mi

    Revenue $94,846ADR $419Occ ≈ 62%5★ (159)

    AirbnbVrbo

  • Rustic Elegance w/ Views, Games & Hot Tub

    Cabin · 3 bd · 4 ba · sleeps 10 · 0.4 mi

    Revenue $66,852ADR $398Occ ≈ 46%2★

    Vrbo

  • Perfect Fall Cabin Pool, & Views, mins to Dolly

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.4 mi

    Revenue $102,249ADR $413Occ ≈ 68%4.9★ (184)

    AirbnbVrboBooking

  • New 3BR Mountain Views Near Parkway and Dollywood

    Cabin · 3 bd · 3.5 ba · sleeps 7 · 0.4 mi

    Revenue $15,932ADR $275Occ ≈ 16%4.8★ (7)

    AirbnbVrboBooking

  • Big Bear Retreat - Foosball Table & Indoor Jetted

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.5 mi

    Revenue $25,778ADR $344Occ ≈ 21%3.7★ (29)

    AirbnbVrboBooking

  • 3BR w/Hot Tub*Games*Privacy*15 mins to Dollywood

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.5 mi

    Revenue $7,376ADR $206Occ ≈ 10%5★ (3)

    AirbnbVrbo

  • Perfect Smoky Getaway w/ Hot Tub, Cinema, Arcade!

    Cabin · 3 bd · 3.5 ba · sleeps 12 · 0.5 mi

    Revenue $73,653ADR $470Occ ≈ 43%4.9★ (170)

    AirbnbVrbo

  • Near Dollywood! Great Views, Hot Tub & Resort Pool

    Cabin · 3 bd · 2.5 ba · sleeps 6 · 0.5 mi

    Revenue $83,877ADR $289Occ ≈ 80%5★ (277)

    AirbnbVrbo

  • Spectacular View 3 Bd Luxury Smoky Mountain Cabin

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.6 mi

    Revenue $53,739ADR $310Occ ≈ 47%4.8★ (97)

    AirbnbVrbo

  • Jump on Inn

    Vacation home · 3 bd · 3 ba · sleeps 11 · 0.6 mi

    Revenue $64,891ADR $1,201Occ ≈ 15%—

    Booking

  • Hot Tub + Fire Pit | 3BR Cabin Near Dollywood

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.6 mi

    Revenue $12,580ADR $366Occ ≈ 9%5★ (3)

    AirbnbVrbo

  • Electric Vehicle Charger, 3-BR Smoky Mtn Cabin,

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.6 mi

    Revenue $65,608ADR $294Occ ≈ 61%4.7★ (10)

    AirbnbVrboBooking

  • Ranch Cottage 1 min to Dollywood & mins to PKWY!

    Cottage · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    Revenue $57,054ADR $522Occ ≈ 30%4.9★ (80)

    AirbnbVrbo

  • Private Mtn View Cabin • Hot Tub, Firepit & Games

    House · 3 bd · 3 ba · sleeps 10 · 0.6 mi

    Revenue $122,128ADR $415Occ ≈ 81%5★ (106)

    Airbnb

  • Rabbit Point Cabin

    Vacation home · 3 bd · 4 ba · sleeps 10 · 0.6 mi

    Revenue $57,807ADR $503Occ ≈ 31%—

    Booking

  • Secluded Modern Cabin with Hot Tub & Game Room near Dollywood in Pigeon Forge, Tennessee

    Vacation home · 3 bd · 3 ba · sleeps 10 · 0.6 mi

    Revenue $42,603ADR $371Occ ≈ 31%—

    Booking

  • Rabbit Point Cabin

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.6 mi

    Revenue $85,339ADR $314Occ ≈ 74%5★ (92)

    AirbnbVrbo

  • September Special! By Dollywood, Hot Tub, Fire Pit

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.6 mi

    Revenue $86,826ADR $336Occ ≈ 71%5★ (87)

    AirbnbVrboBooking

  • Tri Level cozy cabin, stunning views!

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.6 mi

    Revenue $47,970ADR $437Occ ≈ 30%4.8★ (92)

    AirbnbVrbo

  • Lux cabin retreat best location!

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.7 mi

    Revenue $75,055ADR $341Occ ≈ 60%4.9★ (53)

    Airbnb

  • Newly remolded | Close in | 2-7 guests | View

    Cabin · 3 bd · 2.5 ba · sleeps 7 · 0.7 mi

    Revenue $59,800ADR $294Occ ≈ 56%4.9★ (298)

    AirbnbVrbo

  • Views Of Heaven , Arcade,Hottub,WIFI,Yr Rd

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.7 mi

    Revenue $24,057ADR $345Occ ≈ 19%4.8★ (47)

    Airbnb

  • Dog Friendly Cabin, Hot Tub, 10 Mins to Dollywood

    House · 3 bd · 3 ba · sleeps 10 · 0.7 mi

    Revenue $75,316ADR $374Occ ≈ 55%4.8★ (84)

    AirbnbVrboBooking

  • Lux Cabin w/ Mtn Views! Game Room, Movie Theater!

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.7 mi

    Revenue $122,633ADR $460Occ ≈ 73%5★ (100)

    AirbnbVrbo

  • Mountain Vista Lodge MINI, 2 Master Suites, Close

    House · 3 bd · 3.5 ba · sleeps 7 · 0.7 mi

    Revenue $65,840ADR $322Occ ≈ 56%5★ (15)

    Airbnb

  • Homey Cabin, Sleeps 8, Hot Tub, Theater, Games, Vi

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.7 mi

    Revenue $73,149ADR $348Occ ≈ 58%4.3★ (24)

    AirbnbVrboBooking

  • Stay three & Play for Free / Indoor Pool

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.7 mi

    Revenue $26,658ADR $354Occ ≈ 21%4.8★ (5)

    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 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

Est. revenue

$42,074

NOI

$19,558

Cash flow /mo

-$1,212

Cash needed

$168,850

Cash-on-cash

-8.6%

ROE (yr 1)

2.4%

Cap rate

3.8%

DSCR

0.57

Year-1 write-off

$121,427

Year-1 tax shield @ 32%

$38,857

Year-1 return on equity

  • Cash flow (annual)-$14,549
  • Principal paydown$3,207
  • Appreciation at%$15,450
ROE2.4%

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)$8,415
  • Platform fees (3% of revenue)$1,262
  • Maintenance / capex (5% of revenue)$2,104
  • Utilities & supplies$4,200
  • HOA$1,884
  • Property tax$1,561
  • Insurance (STR-rated)$3,090

Cash needed to close

  • Down payment (25%)$128,750
  • Closing costs (4.0%)$20,600
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$38,857

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

$447,000

Short-life (5/15-yr)

$102,000 · 23%

Year-1 deduction

$121,000

Year-1 tax shield @ 32%

$39,000

Land 13% (county tax record, market value split) · building $345,000 over 39 years · new furniture $20,000

Based on: 2,016 sq ft, built 2001, 3 bd / 3.5 ba, unfurnished, listing features (hot tub, deck, fireplace, flooring types, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $78,000 in year 1 (13% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$81,200
  • Kitchen cabinetsdefault

    $10,200 new × 40% good × 2.07 allocation

    $8,500
  • Kitchen countertopsdefault

    $8,400 new × 40% good × 2.07 allocation

    $6,900
  • Decorative trimdefault

    $3,500 new × 40% good × 2.07 allocation

    $2,900
  • Mirrorsdefault

    $500 new × 40% good × 2.07 allocation

    $400
  • Shelvingdefault

    $1,200 new × 40% good × 2.07 allocation

    $1,000
  • Window coverings (20)default

    $5,000 new × 40% good × 2.07 allocation

    $4,100
  • Carpet, vinyl & laminate (100% of floors)listing

    $13,000 new × 40% good × 2.07 allocation

    $10,800
  • Kitchen & laundry equipment plumbingdefault

    $8,000 new × 50% good × 2.07 allocation

    $8,200
  • Kitchen, laundry & data equipment electricaldefault

    $4,800 new × 50% good × 2.07 allocation

    $5,000
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 2.07 allocation

    $6,400
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.07 allocation

    $7,500
  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$39,900
  • Paving: driveway & walks (paved)default

    $9,300 new × 50% good × 2.07 allocation

    $9,700
  • Landscaping (minimal)listing

    $4,500 new × 50% good × 2.07 allocation

    $4,600
  • Patiosdefault

    $2,000 new × 50% good × 2.07 allocation

    $2,100
  • Decks & porches (attached)listing

    $22,700 new × 50% good × 2.07 allocation

    $23,500
Building, 39-year$345,100
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $218,600 new × 58% good × 2.07 allocation

    $264,400
  • Building plumbing & fixturesdefault

    $22,700 new × 50% good × 2.07 allocation

    $23,500
  • Building electrical & lightingdefault

    $22,800 new × 50% good × 2.07 allocation

    $23,700
  • HVACdefault

    $22,700 new × 40% good × 2.07 allocation

    $18,800
  • Fireplacelisting

    $2,600 new × 40% good × 2.07 allocation

    $2,200
  • Septic systemlisting

    $12,000 new × 50% good × 2.07 allocation

    $12,400

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$81,200$39,900$400$121,400
2$0$0$8,800$8,800
3$0$0$8,800$8,800
4$0$0$8,800$8,800
5$0$0$8,800$8,800
6+$0$0$309,300$309,300
Total$81,200$39,900$345,100$466,100

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.