STR Yield
← Back to deals
MortgageCash

Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium

3190 Shaconage Trl

3190 Shaconage Trl

Sevierville, TN 37876

$779,900

5 bd · 4 ba · 3,778 sqft · Listed today

View on Realtor.com →
Negative cash flow

Year built

2000

Sqft

3,778

Lot sqft

18,295

HOA / mo

$4

Furnished

No

List date

2026-10-16T01:36:01.000000Z

Revenue

Annual revenue

$86,750

ADR

$393

Occupancy

60%

Cleaning fees (12 mo)

$19,147

Confidence

High (71.33), 10 comps

Comp revenue range (p25 / median / p75)

$66,583$73,503$91,454

Median revenue of shown comps: $78,693

  • STUNNING 5BR pet-friendly home with game rooms, 2 kitchens, & perfect style!

    Vacation home · 5 bd · 4 ba · sleeps 12 · 0.5 mi

    Revenue $77,513ADR $393Occ ≈ 54%—

    Booking

  • Pet friendly, fenced yard, close to Dollywood!

    House · 5 bd · 4 ba · sleeps 12 · 0.6 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $102,856ADR $616Occ ≈ 46%4.8★ (14)

    AirbnbVrbo

  • Riverfront+9 min to Dollywood+Tube/Kayak+Arcade

    Cabin · 5 bd · 5 ba · sleeps 16 · 0.7 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $136,712ADR $678Occ ≈ 55%4.9★ (59)

    AirbnbVrbo

  • Moose Tracks •2 Floors•Hot Tub• by HoneyBearCabins

    Vacation home · 5 bd · 4 ba · sleeps 15 · 1.7 mi

    Revenue $66,589ADR $692Occ ≈ 26%5★ (1)

    AirbnbVrbo

  • Lux Cozy Sports Themed Cabin ~ Fire Pit & Hot Tub

    Cabin · 5 bd · 3 ba · sleeps 12 · 2.0 mi

    Revenue $64,363ADR $343Occ ≈ 51%5★ (170)

    AirbnbVrbo

  • Brand New! Easy Roads! Views! Hot Tub! Bunk Room!

    Cabin · 5 bd · 3 ba · sleeps 12 · 2.2 mi

    Revenue $79,873ADR $395Occ ≈ 55%5★ (122)

    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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium

Est. revenue

$86,750

NOI

$51,871

Cash flow /mo

-$31

Cash needed

$258,671

Cash-on-cash

-0.1%

ROE (yr 1)

10.7%

Cap rate

6.7%

DSCR

0.99

Year-1 write-off

$234,484

Year-1 tax shield @ 32%

$75,035

Year-1 return on equity

  • Cash flow (annual)-$369
  • Principal paydown$4,743
  • Appreciation at%$23,397
ROE10.7%

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)$17,350
  • Platform fees (3% of revenue)$2,603
  • Maintenance / capex (5% of revenue)$4,338
  • Utilities & supplies$4,200
  • HOA$48
  • Property tax$1,662
  • Insurance (STR-rated)$4,679

Cash needed to close

  • Down payment (25%)$194,975
  • Closing costs (4.0%)$31,196
  • Furnishing (bought new)$32,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$75,035

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

$694,000

Short-life (5/15-yr)

$201,000 · 29%

Year-1 deduction

$234,000

Year-1 tax shield @ 32%

$75,000

Land 11% (county tax record, market value split) · building $492,000 over 39 years · new furniture $33,000

Based on: 3,778 sq ft, built 2000, 5 bd / 4 ba, unfurnished, listing features (hot tub, pool, deck, covered patio, fence, game room, fireplace, stone counters, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $175,000 in year 1 (20% short-life, $56,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$92,100

  • Kitchen cabinetsdefault

    $14,100 new × 40% good × 1.64 allocation

    $9,200

  • Kitchen countertops (stone)listing

    $14,400 new × 40% good × 1.64 allocation

    $9,500

  • Decorative trimdefault

    $6,600 new × 40% good × 1.64 allocation

    $4,300

  • Mirrorsdefault

    $600 new × 40% good × 1.64 allocation

    $400

  • Shelvingdefault

    $1,800 new × 40% good × 1.64 allocation

    $1,200

  • Window coverings (38)default

    $9,500 new × 40% good × 1.64 allocation

    $6,200

  • Carpet, vinyl & laminate (25% of floors)listing

    $6,100 new × 40% good × 1.64 allocation

    $4,000

  • Kitchen & laundry equipment plumbingdefault

    $11,000 new × 48% good × 1.64 allocation

    $8,600

  • Kitchen, laundry & data equipment electricaldefault

    $6,600 new × 48% good × 1.64 allocation

    $5,200

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

    $7,700 new × 40% good × 1.64 allocation

    $5,100

  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 1.64 allocation

    $5,900

  • Furniture bought newlisting

    $26,500 new × 100% good · bought separately

    $26,500

  • Game-room equipment bought newlisting

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

    $6,000
15-year land improvements$141,800

  • Paving: driveway & walks (paved)default

    $15,900 new × 50% good × 1.64 allocation

    $13,100

  • Landscaping (typical)default

    $12,300 new × 50% good × 1.64 allocation

    $10,100

  • Covered patiolisting

    $31,200 new × 50% good × 1.64 allocation

    $25,600

  • Decks & porches (attached)listing

    $42,500 new × 50% good × 1.64 allocation

    $34,900

  • Pool (in-ground)listing

    $65,000 new × 50% good × 1.64 allocation

    $53,300

  • Fencinglisting

    $6,000 new × 50% good × 1.64 allocation

    $4,900
Building, 39-year$492,400

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $410,400 new × 57% good × 1.64 allocation

    $381,600

  • Building plumbing & fixturesdefault

    $42,600 new × 48% good × 1.64 allocation

    $33,600

  • Building electrical & lightingdefault

    $45,200 new × 48% good × 1.64 allocation

    $35,600

  • HVACdefault

    $42,600 new × 40% good × 1.64 allocation

    $27,900

  • Hardwood & tile floorsdefault

    $18,200 new × 40% good × 1.64 allocation

    $12,000

  • Fireplacelisting

    $2,600 new × 40% good × 1.64 allocation

    $1,700

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$92,100$141,800$500$234,500
2$0$0$12,600$12,600
3$0$0$12,600$12,600
4$0$0$12,600$12,600
5$0$0$12,600$12,600
6+$0$0$441,400$441,400
Total$92,100$141,800$492,400$726,300

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: 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.