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

2205 Eagle Feather Dr

2205 Eagle Feather Dr

Sevierville, TN 37876

$480,000

2 bd · 2 ba · 1,568 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2002

Sqft

1,568

Lot sqft

13,068

HOA / mo

$63

Furnished

No

List date

2026-09-30T19:31:48.000000Z

Revenue

Annual revenue

$47,184

ADR

$232

Occupancy

56%

Cleaning fees (12 mo)

$10,518

Confidence

Low (50.45), 50 comps

Comp revenue range (p25 / median / p75)

$27,555$41,689$54,633
  • Cozy Smoky Mtn Cabin • Hot Tub, Arcade, Near PF

    Cabin · 2 bd · 2 ba · sleeps 8 · 118 ft

    Revenue $55,360ADR $254Occ ≈ 60%4.8★ (136)

    AirbnbVrbo

  • Old Glory by Bear Camp

    Cabin · 2 bd · 2 ba · sleeps 6 · 203 ft

    Revenue $50,208ADR $229Occ ≈ 60%4.7★ (37)

    AirbnbVrboBooking

  • Mountain Views! Hot Tub•Fireplace•Game Loft•Cozy!

    Cabin · 2 bd · 2 ba · sleeps 8 · 233 ft

    Revenue $60,923ADR $253Occ ≈ 66%5★ (212)

    Airbnb

  • Stunning 2/2,Hot Tub, Sauna, Cold Plunge, Pool

    Cabin · 2 bd · 2 ba · sleeps 4 · 345 ft

    Revenue $41,444ADR $184Occ ≈ 62%4.8★ (226)

    AirbnbVrbo

  • 2BR, Hot Tub, Covered Porch.

    Cabin · 2 bd · 3 ba · sleeps 8 · 361 ft

    Revenue $13,176ADR $267Occ ≈ 14%5★ (3)

    AirbnbVrboBooking

  • Eagles Roost: Stunning Smoky Mountain Views

    House · 2 bd · 2 ba · sleeps 6 · 404 ft

    Revenue $13,692ADR $250Occ ≈ 15%4.9★ (10)

    AirbnbVrbo

  • Black Bear Hideaway

    Cabin · 2 bd · 2 ba · sleeps 10 · 456 ft

    Revenue $74,455ADR $239Occ ≈ 85%4.8★ (133)

    AirbnbVrbo

  • The Cabin at Eagle Feather

    Cabin · 2 bd · 2 ba · sleeps 6 · 463 ft

    Revenue $9,978ADR $214Occ ≈ 13%—

    Airbnb

  • 2 King Suites + Loft with 4 Full Beds | Hot Tub |

    House · 2 bd · 2 ba · sleeps 12 · 476 ft

    Revenue $2,205ADR $275Occ ≈ 2%5★ (3)

    AirbnbVrboBooking

  • American Eagle - Soak in the Hot Tub Among Trees

    Cabin · 2 bd · 2 ba · sleeps 7 · 479 ft

    Revenue $49,900ADR $246Occ ≈ 56%4.4★ (41)

    AirbnbVrboBooking

Show all 50 comps
  • Manaaki - the Happy Cabin

    Cabin · 2 bd · 2 ba · sleeps 4 · 525 ft

    Revenue $33,252ADR $287Occ ≈ 32%—

    AirbnbVrboBooking

  • Eagle's Hangout | Game Room & Hot Tub Near Town

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $53,665ADR $242Occ ≈ 61%5★ (319)

    AirbnbVrbo

  • Mooseberry Ridge✅️2 Mstr Bdrm suites**Fast WIFI**Game Rm**Hot-Tub**Seasonal Pool

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $58,921ADR $230Occ ≈ 70%5★ (181)

    Vrbo

  • Eagles Hangout by Avada Properties

    Vacation home · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $49,893ADR $217Occ ≈ 63%—

    Booking

  • Gorgeous Smoky Mtn VIEWS! HOT TUB

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $35,130ADR $237Occ ≈ 41%4.8★ (106)

    AirbnbVrboBooking

  • Keaton's Cozy Cabin: Resort Pool, Private Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $22,236ADR $265Occ ≈ 23%—

    AirbnbVrbo

  • Pioneer Place - Soak in the hot tub

    Cabin · 2 bd · 2 ba · sleeps 10 · 0.1 mi

    Revenue $51,503ADR $255Occ ≈ 55%4.5★ (76)

    AirbnbVrboBooking

  • Enjoy Mountain View’s while being close to town. 100% 5 star reviews.

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $15,826ADR $299Occ ≈ 15%5★ (27)

    Vrbo

  • Sauna,Cold Plunge,Hot Tub,Free Tickets,Resort Pool

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    Revenue $34,125ADR $296Occ ≈ 32%5★ (2)

    AirbnbBooking

  • Honeymoon+Adult Play & Spa Loft+HotTub+Sauna+View

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    Revenue $72,069ADR $305Occ ≈ 65%5★ (247)

    AirbnbVrbo

  • Smoky Mountain High Getaway

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $41,933ADR $238Occ ≈ 48%4.9★ (114)

    AirbnbVrbo

  • Manaaki - The Happy Cabin

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    Revenue $25,370ADR $212Occ ≈ 33%4.9★ (159)

    AirbnbVrbo

  • On Top of Ole Smoky: Beautiful View Community Pool

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $22,023ADR $278Occ ≈ 22%3.2★ (4)

    AirbnbVrbo

  • Smokey Mountain Get Away Eagle's Escape

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $31,270ADR $191Occ ≈ 45%4.8★ (36)

    AirbnbVrbo

  • *Cozy 2BR + LOFT! • Game Room • HOT TUB! • Arcade*

    Cabin · 2 bd · 2 ba · sleeps 10 · 0.2 mi

    Revenue $35,793ADR $209Occ ≈ 47%4.7★ (126)

    AirbnbVrbo

  • Great Reviews! New Cabin in a Beautiful Area!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $49,420ADR $174Occ ≈ 78%4.8★ (286)

    AirbnbVrbo

  • Chic 2br Cabin - Netflix, Hot Tub, Pool!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $46,921ADR $174Occ ≈ 74%4.9★ (183)

    AirbnbVrbo

  • Putt Putt, Air Hockey, Laser Tag, Arcades, Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $62,811ADR $243Occ ≈ 71%5★ (112)

    AirbnbVrboBooking

  • Family-friendly ;Avg. nightly rate $99; 5 miles from Soaky Mtn. Waterpark

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $37,712ADR $193Occ ≈ 54%4.9★ (249)

    Vrbo

  • Brand New Sunset Cabin with Hot Tub! Amazing View!

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.2 mi

    Revenue $98,757ADR $292Occ ≈ 93%5★ (121)

    AirbnbVrbo

  • Hot Tub, Game Loft, Easy Roads & More

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $55,026ADR $254Occ ≈ 59%5★ (263)

    AirbnbVrbo

  • Quiet location! Fall Specials- Hot Tub-Pool Table

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $58,588ADR $277Occ ≈ 58%5★ (228)

    AirbnbVrbo

  • Sweet Serenity Retreat: Sweet Escapes Await

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $5,461ADR $312Occ ≈ 5%—

    AirbnbVrboBooking

  • Homey Sevierville Cabin w/ Deck Near Pigeon Forge!

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $29,029ADR $225Occ ≈ 35%4.7★ (165)

    AirbnbVrboBooking

  • 2 Bedroom w/Tickets to Dollywood, Pigeon Forge, Wood burning fire,Resort Pool

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $4,900ADR $169Occ ≈ 8%—

    Vrbo

  • Wanderlust - Sip & Soak in the Fresh Mountain Air

    House · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $55,640ADR $251Occ ≈ 61%4.2★ (13)

    AirbnbVrboBooking

  • Spacious 2BD + Loft Cabin | Hot Tub + POOL Access!

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $29,044ADR $288Occ ≈ 28%5★ (3)

    Airbnb

  • King Beds, Secluded Deck, Hot Tub, Outdoor Pool

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $46,119ADR $211Occ ≈ 60%4.8★ (205)

    AirbnbVrbo

  • Cabin for 7 w/ Private Hot Tub & Pool Table

    House · 2 bd · 2 ba · sleeps 7 · 0.3 mi

    Revenue $44,040ADR $229Occ ≈ 53%4.8★ (21)

    AirbnbVrboBooking

  • New Cabin 🦉 Hot Tub 🌲 Indoor Fireplace 🏔 Arcade

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $39,762ADR $191Occ ≈ 57%5★ (193)

    Airbnb

  • Pet Friendly | Hot Tub & Game Zone Modern Cabin!

    Cabin · 2 bd · 3 ba · sleeps 10 · 0.3 mi

    Revenue $75,743ADR $365Occ ≈ 57%4.9★ (124)

    AirbnbVrbo

  • Spacious & Relaxing Retreat! HOT TUB! 2 BR+Loft

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $40,752ADR $207Occ ≈ 54%4.9★ (290)

    AirbnbVrbo

  • Quiet Cozy 2 Bedroom Cabin in Sevierville

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $29,200ADR $186Occ ≈ 43%4.8★ (45)

    AirbnbVrbo

  • Community Pool! Sevierville Stay w/ Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.4 mi

    Revenue $22,105ADR $214Occ ≈ 28%4.7★ (31)

    AirbnbVrboBooking

  • Honey Pine Lodge: Sweet Stays Among the Pines

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $54,956ADR $274Occ ≈ 55%5★ (10)

    AirbnbVrbo

  • New Cabin! 2BR w/Hot Tub*Fireplaces*Games*Quiet!

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $18,095ADR $239Occ ≈ 21%5★ (74)

    AirbnbVrbo

  • Sleepy Bears Cabin*Sleeps 8*Close to Shopping/Fun

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $27,064ADR $251Occ ≈ 30%5★ (4)

    AirbnbVrboBooking

  • 🐻NEAR SEVIERVILLE CONVENTION CTR-5 Stars, Loft, Com. Pool, Hot Tub & Pool Table🐻

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    Revenue $45,153ADR $219Occ ≈ 56%5★ (51)

    Vrbo

  • Relaxing 2BD w/ Hot Tub! POOL Access + Near TOWN!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $53,538ADR $199Occ ≈ 74%4.9★ (51)

    AirbnbVrbo

  • *Relaxing 2BDR Getaway! HOT TUB + Arcade + XBox*

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $62,410ADR $234Occ ≈ 73%4.9★ (120)

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

Est. revenue

$47,184

NOI

$24,868

Cash flow /mo

-$514

Cash needed

$161,200

Cash-on-cash

-3.8%

ROE (yr 1)

7.1%

Cap rate

5.2%

DSCR

0.80

Year-1 write-off

$133,738

Year-1 tax shield @ 32%

$42,796

Year-1 return on equity

  • Cash flow (annual)-$6,170
  • Principal paydown$3,141
  • Appreciation at%$14,400
ROE7.1%

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)$9,437
  • Platform fees (3% of revenue)$1,416
  • Maintenance / capex (5% of revenue)$2,359
  • Utilities & supplies$4,200
  • HOA$756
  • Property tax$1,268
  • Insurance (STR-rated)$2,880

Cash needed to close

  • Down payment (25%)$120,000
  • Closing costs (4.0%)$19,200
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$42,796

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

$446,000

Short-life (5/15-yr)

$111,000 · 25%

Year-1 deduction

$134,000

Year-1 tax shield @ 32%

$43,000

Land 7% (county tax record, market value split) · building $336,000 over 39 years · new furniture $22,000

Based on: 1,568 sq ft, built 2002, 2 bd / 2 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $89,000 in year 1 (15% short-life, $29,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$91,600
  • Kitchen cabinetsdefault

    $9,200 new × 40% good × 2.62 allocation

    $9,700
  • Kitchen countertopsdefault

    $7,600 new × 40% good × 2.62 allocation

    $7,900
  • Decorative trimdefault

    $2,700 new × 40% good × 2.62 allocation

    $2,900
  • Mirrorsdefault

    $300 new × 40% good × 2.62 allocation

    $300
  • Shelvingdefault

    $900 new × 40% good × 2.62 allocation

    $900
  • Window coverings (16)default

    $4,000 new × 40% good × 2.62 allocation

    $4,200
  • Carpet, vinyl & laminate (100% of floors)listing

    $10,100 new × 40% good × 2.62 allocation

    $10,600
  • Kitchen & laundry equipment plumbingdefault

    $7,200 new × 52% good × 2.62 allocation

    $9,800
  • Kitchen, laundry & data equipment electricaldefault

    $4,300 new × 52% good × 2.62 allocation

    $5,900
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 2.62 allocation

    $8,100
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.62 allocation

    $9,400
  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
  • Game-room equipment bought newlisting

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

    $6,000
15-year land improvements$41,000
  • Paving: driveway & walks (paved)default

    $8,200 new × 50% good × 2.62 allocation

    $10,700
  • Landscaping (minimal)listing

    $3,900 new × 50% good × 2.62 allocation

    $5,200
  • Patiosdefault

    $1,500 new × 50% good × 2.62 allocation

    $2,000
  • Decks & porches (attached)listing

    $17,600 new × 50% good × 2.62 allocation

    $23,100
Building, 39-year$335,700
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $170,100 new × 60% good × 2.62 allocation

    $267,200
  • Building plumbing & fixturesdefault

    $17,600 new × 52% good × 2.62 allocation

    $24,000
  • Building electrical & lightingdefault

    $17,100 new × 52% good × 2.62 allocation

    $23,300
  • HVACdefault

    $17,700 new × 40% good × 2.62 allocation

    $18,500
  • Fireplacelisting

    $2,600 new × 40% good × 2.62 allocation

    $2,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$91,600$41,000$1,100$133,700
2$0$0$8,600$8,600
3$0$0$8,600$8,600
4$0$0$8,600$8,600
5$0$0$8,600$8,600
6+$0$0$300,200$300,200
Total$91,600$41,000$335,700$468,400

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.