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Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

2152 E View Dr

2152 E View Dr

Sevierville, TN 37876

$1,100,000

4 bd · 4 ba · 2,834 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2022

Sqft

2,834

Lot sqft

13,939

HOA / mo

$95

Furnished

No

List date

2026-09-27T19:13:04.000000Z

Revenue

Annual revenue

$87,735

ADR

$348

Occupancy

69%

Cleaning fees (12 mo)

$10,399

Confidence

Med (61.02), 50 comps

Comp revenue range (p25 / median / p75)

$63,976$86,590$110,844
  • "Swimming In Views" in a 4 Bedroom Mountaintop Pool Cabin

    Vacation home · 4 bd · 4 ba · sleeps 10 · 13 ft

    Revenue $78,169ADR $412Occ ≈ 52%3.5★ (1)

    Booking

  • The Family Cabin by American Patriot Getaways

    Vacation home · 4 bd · 4 ba · sleeps 14 · 128 ft

    Revenue $151,824ADR $676Occ ≈ 62%—

    Booking

  • Luxury Plus - Stunning Views - Private Pool

    Cabin · 4 bd · 4 ba · sleeps 14 · 164 ft

    Revenue $111,122ADR $608Occ ≈ 50%5★ (4)

    AirbnbVrbo

  • Unobstructed Mtn Views! | Prime Central Location!

    Cabin · 4 bd · 3 ba · sleeps 12 · 223 ft

    Revenue $49,462ADR $339Occ ≈ 40%5★ (26)

    Airbnb

  • Mt. Leconte Views/Indoor Pool/Loaded!

    Cabin · 4 bd · 4 ba · sleeps 12 · 256 ft

    Revenue $118,704ADR $586Occ ≈ 55%5★ (5)

    AirbnbVrbo

  • Sevierville - The Overlook at Settlers Ridge - 4 Bedrooms - Sleeps 12

    Cabin · 4 bd · 4 ba · sleeps 12 · 262 ft

    Revenue $14,174ADR $752Occ ≈ 5%—

    Vrbo

  • Luxe Cabin w/ Mini Golf, Indoor Pool & Views

    Cabin · 4 bd · 3 ba · sleeps 12 · 262 ft

    Revenue $98,822ADR $942Occ ≈ 29%—

    Vrbo

  • Natural Wonder*King Suite*Home Theater*Hot Tub

    Cabin · 4 bd · 3 ba · sleeps 14 · 279 ft

    Revenue $72,460ADR $397Occ ≈ 50%4.3★ (6)

    AirbnbVrbo

  • Swimming In Views | Indoor Pool • Hot Tub • Pets

    Cabin · 4 bd · 4 ba · sleeps 12 · 295 ft

    Revenue $86,871ADR $512Occ ≈ 46%4.7★ (10)

    AirbnbVrboBooking

  • Spacious Family Cabin with Indoor Pool & Game Room near Dollywood in Gatlinburg, Tennessee

    Vacation home · 4 bd · 4 ba · sleeps 12 · 345 ft

    Revenue $68,572ADR $523Occ ≈ 36%—

    Booking

Show all 50 comps
  • Bears Repeating | Hot Tub in a Private Gazebo!

    Cabin · 4 bd · 3 ba · sleeps 12 · 348 ft

    Revenue $101,467ADR $517Occ ≈ 54%4.7★ (11)

    AirbnbVrboBooking

  • Indoor Pool-Fireplace- Hot Tub-Arcade-Gatlinburg

    Cabin · 4 bd · 4 ba · sleeps 12 · 351 ft

    Revenue $110,016ADR $549Occ ≈ 55%4.9★ (26)

    AirbnbVrbo

  • Indoor heated POOL, EV Charger, hot tub, fire pit

    Cabin · 4 bd · 4 ba · sleeps 12 · 351 ft

    Revenue $100,389ADR $631Occ ≈ 44%5★ (20)

    Airbnb

  • Bullwinkles Place

    Vacation home · 4 bd · 3 ba · sleeps 10 · 351 ft

    Revenue $58,771ADR $285Occ ≈ 56%5★ (1)

    Booking

  • Hot Tub, Game Room, Views | Foxview by AvantStay

    Cabin · 4 bd · 3 ba · sleeps 8 · 404 ft

    Revenue $75,257ADR $345Occ ≈ 60%4.1★ (52)

    AirbnbVrboBooking

  • Elevated Views

    Cabin · 4 bd · 4 ba · sleeps 12 · 407 ft

    Revenue $111,157ADR $628Occ ≈ 48%5★ (15)

    AirbnbVrboBooking

  • Game Room - Hot Tub - LeConte Mountain Views

    Cabin · 4 bd · 4 ba · sleeps 14 · 456 ft

    Revenue $75,137ADR $500Occ ≈ 41%5★ (1)

    AirbnbVrbo

  • Luxury Cabin! | Indoor Pool, Theater & Arcade

    Cabin · 4 bd · 4 ba · sleeps 12 · 466 ft

    Revenue $74,309ADR $495Occ ≈ 41%5★ (27)

    AirbnbVrboBooking

  • +Pet Friendly+Pool cabin W/view, Theater,Arcade

    Cabin · 4 bd · 4 ba · sleeps 12 · 486 ft

    Revenue $20,504ADR $568Occ ≈ 10%4.9★ (212)

    AirbnbVrbo

  • Indoor Pool & Mountain Views | Luxury Lodge

    Cabin · 4 bd · 4 ba · sleeps 12 · 505 ft

    Revenue $114,517ADR $535Occ ≈ 59%4.8★ (9)

    AirbnbVrboBooking

  • Beachfront - Outdoor Living, Games, Great Location

    Cabin · 4 bd · 3.5 ba · sleeps 12 · 505 ft

    Revenue $34,013ADR $432Occ ≈ 22%4.8★ (7)

    AirbnbVrboBooking

  • Incredible Mountain Views - Large Game Room

    Cabin · 4 bd · 4 ba · sleeps 12 · 509 ft

    Revenue $107,940ADR $546Occ ≈ 54%4.7★ (3)

    AirbnbVrbo

  • Luxe Cabin-Pool, Hot Tub, Epic View, Theater

    Cabin · 4 bd · 4 ba · sleeps 12 · 522 ft

    Revenue $127,800ADR $643Occ ≈ 54%5★ (46)

    AirbnbVrbo

  • "Swimming In Views" - A Mountaintop Pool Cabin

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

    Revenue $116,629ADR $519Occ ≈ 62%4.9★ (35)

    AirbnbVrbo

  • Prvt Indoor Pool | Theatre & Game Room | Hot Tub

    Cabin · 4 bd · 4 ba · sleeps 14 · 0.1 mi

    Revenue $113,317ADR $473Occ ≈ 66%4.9★ (152)

    AirbnbVrbo

  • A Bear's Kind of Fun in Pigeon Forge #unforgettable 4 bedroom w/ Games & Full Theater!

    Cabin · 4 bd · 3.5 ba · sleeps 12 · 0.1 mi

    Revenue $42,655ADR $383Occ ≈ 31%4.3★ (118)

    Vrbo

  • Indoor pool cabin GSMNP.Hot tub.Theater rm.Game rm

    House · 4 bd · 4 ba · sleeps 14 · 0.1 mi

    Revenue $90,488ADR $581Occ ≈ 43%5★ (137)

    AirbnbVrbo

  • WaterTastic, Indoor Pool, Theater & Arcade

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

    Revenue $114,172ADR $536Occ ≈ 58%5★ (228)

    AirbnbVrbo

  • SettlersRidgeLodge: Pool*Theater*Game*Hot Tub*WiFi

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

    Revenue $86,396ADR $560Occ ≈ 42%5★ (3)

    AirbnbVrbo

  • Elk Ridge Lodge by American Patriot Getaways

    Vacation home · 4 bd · 4 ba · sleeps 14 · 0.2 mi

    Revenue $111,120ADR $556Occ ≈ 55%5★ (1)

    Booking

  • Mtn Views - Fun Amenities like a Karaoke Machine

    Cabin · 4 bd · 4.5 ba · sleeps 12 · 0.2 mi

    Revenue $93,373ADR $497Occ ≈ 51%2.5★ (2)

    AirbnbVrbo

  • Gentleman Jack's

    Vacation home · 4 bd · 3 ba · sleeps 9 · 0.2 mi

    Revenue $24,962ADR $347Occ ≈ 20%—

    Booking

  • Moonrise Pool Lodge by American Patriot Getaways

    Vacation home · 4 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $128,551ADR $414Occ ≈ 85%—

    Booking

  • Misty Mountain by AvantStay | Hot Tub + Views

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.2 mi

    Revenue $114,141ADR $502Occ ≈ 62%4.5★ (38)

    AirbnbVrboBooking

  • Pirate Theme Cabin Gatlinburg - Indoor Heated Pool

    Vacation home · 4 bd · 4 ba · sleeps 8 · 0.3 mi

    Revenue $82,043ADR $355Occ ≈ 63%0.5★ (1)

    Booking

  • 4/3 TreeTopCabin StepFreeEntrance Our Hiding Place

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.3 mi

    Revenue $70,663ADR $333Occ ≈ 58%5★ (125)

    AirbnbVrbo

  • Foxview by AvantStay | Hot Tub, Game Room | 20 Mins to Pigeon Forge & Gatlinburg

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

    Revenue $48,466ADR $293Occ ≈ 45%—

    Vrbo

  • Marigold's Mountain Memories | Smoky Mt. Retreat

    House · 4 bd · 3 ba · sleeps 10 · 0.3 mi

    Revenue $66,101ADR $374Occ ≈ 48%4.8★ (22)

    AirbnbVrboBooking

  • A Wolf's Den

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

    Revenue $126,036ADR $512Occ ≈ 67%4.9★ (61)

    AirbnbVrbo

  • Lazy Bear Lodge by American Patriot Getaways

    Vacation home · 4 bd · 3 ba · sleeps 10 · 0.4 mi

    Revenue $72,092ADR $345Occ ≈ 57%—

    Booking

  • Fall Foliage Getaway | Hot Tub, Pool Table, Arcade

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

    Revenue $63,268ADR $362Occ ≈ 48%4.8★ (162)

    AirbnbVrbo

  • Goonies Cove - Spacious 4BR Cabin Arcade, Pool Table & Hot Tub!

    Apartment · 4 bd · 4 ba · sleeps 8 · 0.4 mi

    Revenue $81,022ADR $369Occ ≈ 60%—

    Booking

  • Take A Break: VIEWS*Secluded*Games*HotTub*Wifi*Fir

    Cabin · 4 bd · 4 ba · sleeps 12 · 0.4 mi

    Revenue $108,062ADR $533Occ ≈ 56%4.8★ (15)

    AirbnbVrbo

  • A Secluded Hideaway 3 bedroom 3 bath located in Gatlinburg

    Vacation home · 4 bd · 3 ba · sleeps 7 · 0.4 mi

    Revenue $23,641ADR $199Occ ≈ 33%—

    Booking

  • Pigeon Forge Getaway | Hot Tub | Game Room

    Cabin · 4 bd · 4 ba · sleeps 12 · 0.4 mi

    Revenue $28,516ADR $406Occ ≈ 19%4.7★ (25)

    AirbnbVrbo

  • God's Grace Spacious Gatlinburg Cabin King Beds Hot Tub Game Room

    House · 4 bd · 3 ba · sleeps 8 · 0.4 mi

    Revenue $61,219ADR $348Occ ≈ 48%—

    Vrbo

  • Green & Black Bear Cabins by Beyond Expectations

    Cabin · 4 bd · 4 ba · sleeps 12 · 0.4 mi

    Revenue $95,153ADR $381Occ ≈ 68%—

    AirbnbVrboBooking

  • See Forever

    Vacation home · 4 bd · 3 ba · sleeps 8 · 0.4 mi

    Revenue $107,566ADR $413Occ ≈ 71%—

    Booking

  • Secluded Cabin w/ Mtn Views, Hot Tub, Game Room.

    Cabin · 4 bd · 3.5 ba · sleeps 10 · 0.5 mi

    Revenue $86,784ADR $425Occ ≈ 56%4.8★ (192)

    AirbnbVrbo

  • Grand Cabin*Hot tub*Fire Pit*Bears*Game Room*Grill

    House · 4 bd · 3 ba · sleeps 10 · 0.5 mi

    Revenue $48,604ADR $278Occ ≈ 48%4.8★ (36)

    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
Term

Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

Est. revenue

$87,735

NOI

$47,662

Cash flow /mo

-$1,956

Cash needed

$348,000

Cash-on-cash

-6.7%

ROE (yr 1)

4.8%

Cap rate

4.3%

DSCR

0.67

Year-1 write-off

$231,198

Year-1 tax shield @ 32%

$73,983

Year-1 return on equity

  • Cash flow (annual)-$23,468
  • Principal paydown$7,198
  • Appreciation at%$33,000
ROE4.8%
ROE incl. year-1 tax savings (32% bracket, STR loophole)26.1%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$17,547
  • Platform fees (3% of revenue)$2,632
  • Maintenance / capex (5% of revenue)$4,387
  • Utilities & supplies$4,200
  • HOA$1,140
  • Property tax$3,567
  • Insurance (STR-rated)$6,600

Cash needed to close

  • Down payment (25%)$275,000
  • Closing costs (4.0%)$44,000
  • Furnishing (bought new)$29,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$73,983

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

$940,000

Short-life (5/15-yr)

$200,000 · 21%

Year-1 deduction

$231,000

Year-1 tax shield @ 32%

$74,000

Land 15% (county tax record, market value split) · building $740,000 over 39 years · new furniture $29,000

Based on: 2,834 sq ft, built 2022, 4 bd / 4 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, appliance list).

IRS-guide safe-harbor floor: $136,000 in year 1 (11% short-life, $43,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$140,000
  • Kitchen cabinetsdefault

    $12,000 new × 84% good × 1.93 allocation

    $19,500
  • Kitchen countertopsdefault

    $9,800 new × 84% good × 1.93 allocation

    $15,900
  • Decorative trimdefault

    $5,000 new × 84% good × 1.93 allocation

    $8,000
  • Mirrorsdefault

    $600 new × 67% good × 1.93 allocation

    $800
  • Shelvingdefault

    $1,500 new × 84% good × 1.93 allocation

    $2,400
  • Window coverings (28)default

    $7,000 new × 60% good × 1.93 allocation

    $8,100
  • Carpet, vinyl & laminate (40% of floors)default

    $7,300 new × 67% good × 1.93 allocation

    $9,400
  • Kitchen & laundry equipment plumbingdefault

    $9,300 new × 92% good × 1.93 allocation

    $16,600
  • Kitchen, laundry & data equipment electricaldefault

    $5,600 new × 92% good × 1.93 allocation

    $10,000
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 67% good × 1.93 allocation

    $9,900
  • Hot tub (freestanding)listing

    $9,000 new × 60% good × 1.93 allocation

    $10,400
  • 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$88,800
  • Paving: driveway & walks (paved)default

    $11,000 new × 84% good × 1.93 allocation

    $17,900
  • Landscaping (typical)default

    $10,600 new × 84% good × 1.93 allocation

    $17,200
  • Patiosdefault

    $2,800 new × 84% good × 1.93 allocation

    $4,500
  • Decks & porches (attached)listing

    $31,900 new × 80% good × 1.93 allocation

    $49,200
Building, 39-year$740,500
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $307,600 new × 93% good × 1.93 allocation

    $553,600
  • Building plumbing & fixturesdefault

    $31,900 new × 92% good × 1.93 allocation

    $56,700
  • Building electrical & lightingdefault

    $33,200 new × 92% good × 1.93 allocation

    $58,900
  • HVACdefault

    $31,900 new × 80% good × 1.93 allocation

    $49,300
  • Hardwood & tile floorsdefault

    $10,900 new × 84% good × 1.93 allocation

    $17,700
  • Fireplacelisting

    $2,600 new × 84% good × 1.93 allocation

    $4,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$140,000$88,800$2,400$231,200
2$0$0$19,000$19,000
3$0$0$19,000$19,000
4$0$0$19,000$19,000
5$0$0$19,000$19,000
6+$0$0$662,100$662,100
Total$140,000$88,800$740,500$969,300

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: Georgia disallows 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.