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1551 Rainbow Ridge Rd

1551 Rainbow Ridge Rd

Sevierville, TN 37862

$799,900

4 bd · 4 ba · 2,550 sqft · Listed 1d ago

View on Realtor.com →

Year built

2007

Sqft

2,550

Lot sqft

436

HOA / mo

$100

Furnished

No

List date

2026-10-27T13:55:10.000000Z

Revenue

Annual revenue

$72,687

ADR

$357

Occupancy

56%

Cleaning fees (12 mo)

$13,046

Confidence

Med (54.68), 20 comps

Comp revenue range (p25 / median / p75)

$38,304$59,467$77,457

Median revenue of shown comps: $57,480

  • "Smuggler's Run" 4 Bedroom Cabin

    House · 4 bd · 4 ba · sleeps 13 · 92 ft

    Revenue $72,136ADR $565Occ ≈ 35%—

    Airbnb

  • Smoky Mtn Cabin • 3mi Dollywood • Hot Tub + GameRm

    Cabin · 4 bd · 4 ba · sleeps 10 · 269 ft

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

    Revenue $75,787ADR $365Occ ≈ 57%4.9★ (65)

    AirbnbVrbo

  • Autumn Ridge | By Colonial Properties

    Cabin · 4 bd · 4 ba · sleeps 10 · 315 ft

    Revenue $82,466ADR $380Occ ≈ 59%4.2★ (23)

    Airbnb

  • 4BR Cabin w/ Hot Tub & Game Room

    Cabin · 4 bd · 4 ba · sleeps 10 · 325 ft

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

    Revenue $24,076ADR $520Occ ≈ 13%—

    AirbnbVrbo

  • No Steep RD 3m Dollywd Htub Movie/Game Slp12 3K 2Q

    Cabin · 4 bd · 4 ba · sleeps 12 · 0.1 mi

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

    Revenue $59,900ADR $484Occ ≈ 34%4.8★ (28)

    AirbnbVrboBooking

  • Misty Mountain Stop by Avada Properties

    Vacation home · 4 bd · 5 ba · sleeps 10 · 0.1 mi

    Revenue $59,033ADR $257Occ ≈ 63%5★ (6)

    Booking

  • ‘Mountain Pool Lodge’ Sevierville Cabin w/ Hot Tub

    Cabin · 4 bd · 4 ba · sleeps 10 · 0.1 mi

    Revenue $47,514ADR $348Occ ≈ 37%4★ (104)

    AirbnbBooking

  • Fall Savings! Indoor Pool cabin near Dollywood!

    Cabin · 4 bd · 4 ba · sleeps 12 · 0.1 mi

    Revenue $26,255ADR $525Occ ≈ 14%—

    Airbnb

  • Mountain Pool Lodge

    Cabin · 4 bd · 4 ba · sleeps 12 · 0.1 mi

    • Hot tub
    • Pool
    • A/C
    • Wifi
    • +4

    Revenue $23,974ADR $487Occ ≈ 13%3.5★ (4)

    AirbnbVrboBooking

  • Parkway Pool Oasis | Pool & Hot Tub Game Room

    Cabin · 4 bd · 5 ba · sleeps 12 · 0.2 mi

    Revenue $90,228ADR $529Occ ≈ 47%4.7★ (22)

    Airbnb

Show 8 more
  • Hot Tub, Loaded Game Room, Outdoor Bowling

    Cabin · 4 bd · 5 ba · sleeps 11 · 0.2 mi

    Revenue $55,927ADR $508Occ ≈ 30%5★ (42)

    Airbnb

  • Hot Tub, Game Room, Bowling, Piegon Forge,Sleeps11

    Cabin · 4 bd · 5 ba · sleeps 11 · 0.2 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +7

    Revenue $90,281ADR $452Occ ≈ 55%5★ (36)

    AirbnbVrbo

  • Brand New Hot Tub! A+ Location. 15 minutes to Gatlinburg. 5 miles to Dollywood!

    Cabin · 4 bd · 4 ba · sleeps 10 · 0.3 mi

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

    Revenue $67,580ADR $428Occ ≈ 43%4.8★ (169)

    Vrbo

  • The Rainbow Pair by Ghosal Luxury Lodging

    Cabin · 4 bd · 5 ba · sleeps 12 · 0.3 mi

    Revenue $42,320ADR $635Occ ≈ 18%—

    AirbnbBooking

  • 4BR Smoky Mountain Cabin, Hot Tub & Theater

    House · 4 bd · 5 ba · sleeps 10 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Kitchen
    • +1

    Revenue $6,369ADR $212Occ ≈ 8%—

    AirbnbVrboBooking

  • Wyndham Smoky Mountains - Huge 4BR/4BA

    Condominium (condo) · 4 bd · 4 ba · sleeps 10 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +3

    Revenue $45,902ADR $0Occ ≈ —5★ (2)

    AirbnbVrbo

  • Wyndham Smoky Mountains- 4 bdrm Presidential

    Condominium (condo) · 4 bd · 4 ba · sleeps 10 · 0.5 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +3

    Revenue $25,646ADR $311Occ ≈ 23%5★ (2)

    Airbnb

  • Smoky Mountains Resort 4BR Suite

    Condominium (condo) · 4 bd · 4 ba · sleeps 10 · 0.6 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +3

    Revenue $84,469ADR $345Occ ≈ 67%—

    AirbnbVrboBooking

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

Est. revenue

$72,687

NOI

$37,657

Cash flow /mo

$3,138

Cash needed

$860,896

Cash-on-cash (all cash)

4.4%

ROE (yr 1)

7.2%

Cap rate

4.7%

DSCR

—

Year-1 write-off

$186,691

Year-1 tax shield @ 32%

$59,741

Year-1 return on equity

  • Cash flow (annual)$37,657
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$23,997
ROE7.2%

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)$14,537
  • Platform fees (3% of revenue)$2,181
  • Maintenance / capex (5% of revenue)$3,634
  • Utilities & supplies$4,200
  • HOA$1,200
  • Property tax$4,478
  • Insurance (STR-rated)$4,799

Cash needed to close

  • Purchase price (all cash)$799,900
  • Closing costs (4.0%)$31,996
  • Furnishing (bought new)$29,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$59,741

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

$610,000

Short-life (5/15-yr)

$157,000 · 26%

Year-1 deduction

$187,000

Year-1 tax shield @ 32%

$60,000

Land 24% (county tax record, market value split) · building $452,000 over 39 years · new furniture $29,000

Based on: 2,550 sq ft, built 2007, 4 bd / 4 ba, unfurnished, listing features (pool, deck, game room, fireplace, flooring types, appliance list, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $139,000 in year 1 (18% short-life, $45,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$81,300
  • Kitchen cabinetsdefault

    $11,400 new × 40% good × 1.88 allocation

    $8,600
  • Kitchen countertopsdefault

    $9,300 new × 40% good × 1.88 allocation

    $7,000
  • Decorative trimdefault

    $4,500 new × 40% good × 1.88 allocation

    $3,400
  • Mirrorsdefault

    $600 new × 40% good × 1.88 allocation

    $500
  • Shelvingdefault

    $1,500 new × 40% good × 1.88 allocation

    $1,100
  • Window coverings (26)default

    $6,500 new × 40% good × 1.88 allocation

    $4,900
  • Carpet, vinyl & laminate (50% of floors)listing

    $8,200 new × 40% good × 1.88 allocation

    $6,200
  • Kitchen & laundry equipment plumbingdefault

    $8,900 new × 62% good × 1.88 allocation

    $10,300
  • Kitchen, laundry & data equipment electricaldefault

    $5,400 new × 62% good × 1.88 allocation

    $6,200
  • Appliances (range, microwave, dishwasher, refrigerator)listing

    $5,700 new × 40% good × 1.88 allocation

    $4,300
  • Furniture bought newlisting

    $23,000 new × 100% good · bought separately

    $23,000
  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$104,900
  • Paving: driveway & walks (paved)default

    $10,500 new × 50% good × 1.88 allocation

    $9,800
  • Landscaping (minimal)listing

    $5,000 new × 50% good × 1.88 allocation

    $4,700
  • Patiosdefault

    $2,500 new × 50% good × 1.88 allocation

    $2,400
  • Decks & porches (attached)listing

    $28,700 new × 50% good × 1.88 allocation

    $26,900
  • Pool (in-ground)listing

    $65,000 new × 50% good × 1.88 allocation

    $61,000
Building, 39-year$452,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $276,500 new × 68% good × 1.88 allocation

    $354,700
  • Building plumbing & fixturesdefault

    $28,700 new × 62% good × 1.88 allocation

    $33,400
  • Building electrical & lightingdefault

    $29,600 new × 62% good × 1.88 allocation

    $34,400
  • HVACdefault

    $28,700 new × 40% good × 1.88 allocation

    $21,600
  • Hardwood & tile floorsdefault

    $8,200 new × 40% good × 1.88 allocation

    $6,200
  • Fireplacelisting

    $2,600 new × 40% good × 1.88 allocation

    $2,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$81,300$104,900$500$186,700
2$0$0$11,600$11,600
3$0$0$11,600$11,600
4$0$0$11,600$11,600
5$0$0$11,600$11,600
6+$0$0$405,500$405,500
Total$81,300$104,900$452,300$638,500

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.