STR Yield
← Back to deals

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

2882 Boyds Creek Hwy

2882 Boyds Creek Hwy

Sevierville, TN 37876

$650,000

2 bd · 2 ba · 1,824 sqft · Listed 3d ago

View on Realtor.com →
Negative cash flow

Year built

1973

Sqft

1,824

Lot sqft

188,615

HOA / mo

None

Furnished

No

List date

2026-09-24T13:51:54.000000Z

Revenue

Annual revenue

$46,402

ADR

$216

Occupancy

59%

Cleaning fees (12 mo)

$10,471

Confidence

Low (48.02), 50 comps

Comp revenue range (p25 / median / p75)

$26,861$41,689$54,686
  • 1840 Victorian Magic Mansion Smokies Titanic suite

    House · 2 bd · 1 ba · sleeps 4 · 0.7 mi

    Revenue $12,805ADR $268Occ ≈ 13%5★ (2)

    Airbnb

  • Sweet Serenity Retreat: Sweet Escapes Await

    Cabin · 2 bd · 2 ba · sleeps 8 · 1.5 mi

    Revenue $5,461ADR $312Occ ≈ 5%—

    AirbnbVrboBooking

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

    Cabin · 2 bd · 2 ba · sleeps 10 · 1.5 mi

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

    AirbnbVrbo

  • American Eagle - Soak in the Hot Tub Among Trees

    Cabin · 2 bd · 2 ba · sleeps 7 · 1.5 mi

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

    AirbnbVrboBooking

  • Next Frontier Cabin-2 Master BR, Hot Tub-Balconies

    Cabin · 2 bd · 2 ba · sleeps 8 · 1.5 mi

    Revenue $27,814ADR $250Occ ≈ 30%5★ (22)

    Airbnb

  • Eagles Roost: Stunning Smoky Mountain Views

    House · 2 bd · 2 ba · sleeps 6 · 1.5 mi

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

    AirbnbVrbo

  • Peaceful Family Friendly Home, Sleeps 12・Games

    Cabin · 2 bd · 2 ba · sleeps 12 · 1.5 mi

    Revenue $13,032ADR $143Occ ≈ 25%5★ (1)

    AirbnbVrbo

  • Gorgeous Smoky Mtn VIEWS! HOT TUB

    Cabin · 2 bd · 2 ba · sleeps 8 · 1.5 mi

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

    AirbnbVrboBooking

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

    Cabin · 2 bd · 2 ba · sleeps 8 · 1.5 mi

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

    Airbnb

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

    Cabin · 2 bd · 2 ba · sleeps 6 · 1.5 mi

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

    Vrbo

Show all 50 comps
  • 2 Bedroom w/Tickets to Dollywood, Pigeon Forge, Wood burning fire,Resort Pool

    Cabin · 2 bd · 2 ba · sleeps 4 · 1.5 mi

    Revenue $4,900ADR $169Occ ≈ 8%—

    Vrbo

  • *Luxurious 2BD w/ Hot Tub! Fireplace + Near TOWN!*

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 1.6 mi

    Revenue $53,380ADR $248Occ ≈ 59%5★ (19)

    AirbnbVrbo

  • 2 BR home w/games & fireplace

    Cabin · 2 bd · 2 ba · sleeps 12 · 1.6 mi

    Revenue $36,795ADR $213Occ ≈ 47%4.7★ (24)

    AirbnbVrboBooking

  • Newly Built 2bed 3bath Cabin w Stunning Mountain Views

    Vacation home · 2 bd · 3 ba · sleeps 4 · 1.6 mi

    Revenue $58,487ADR $283Occ ≈ 57%—

    Booking

  • Newly Built 2/3!Hottub+10min to Buccees/SoakyMtn!

    Cabin · 2 bd · 3 ba · sleeps 8 · 1.6 mi

    Revenue $26,543ADR $203Occ ≈ 36%5★ (87)

    AirbnbVrbo

  • On Top of Ole Smoky: Beautiful View Community Pool

    Cabin · 2 bd · 2 ba · sleeps 8 · 1.6 mi

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

    AirbnbVrbo

  • Old Glory by Bear Camp

    Cabin · 2 bd · 2 ba · sleeps 6 · 1.6 mi

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

    AirbnbVrboBooking

  • Bearly Breezin

    Cabin · 2 bd · 2 ba · sleeps 6 · 1.6 mi

    Revenue $76,556ADR $275Occ ≈ 76%—

    Airbnb

  • Black Bear Hideaway

    Cabin · 2 bd · 2 ba · sleeps 10 · 1.6 mi

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

    AirbnbVrbo

  • Cozy Smoky Mtn Cabin • Hot Tub, Arcade, Near PF

    Cabin · 2 bd · 2 ba · sleeps 8 · 1.6 mi

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

    AirbnbVrbo

  • Frontier Cabin - 2 Primary BR, Balconies, Hot Tub!

    Cabin · 2 bd · 3 ba · sleeps 8 · 1.6 mi

    Revenue $51,424ADR $226Occ ≈ 62%5★ (34)

    Airbnb

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

    Cabin · 2 bd · 2 ba · sleeps 6 · 1.6 mi

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

    AirbnbVrboBooking

  • The Cabin at Eagle Feather

    Cabin · 2 bd · 2 ba · sleeps 6 · 1.6 mi

    Revenue $9,978ADR $214Occ ≈ 13%—

    Airbnb

  • Smokey Mountain Get Away Eagle's Escape

    Cabin · 2 bd · 2 ba · sleeps 6 · 1.6 mi

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

    AirbnbVrbo

  • Charming Home | River Front | Hot Tub | Game Room

    Apartment · 2 bd · 2 ba · sleeps 8 · 1.6 mi

    Revenue $29,727ADR $181Occ ≈ 45%4.8★ (64)

    AirbnbVrbo

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

    Cabin · 2 bd · 2 ba · sleeps 8 · 1.6 mi

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

    Airbnb

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

    Cabin · 2 bd · 2 ba · sleeps 4 · 1.7 mi

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

    AirbnbVrbo

  • 2BR, Hot Tub, Covered Porch.

    Cabin · 2 bd · 3 ba · sleeps 8 · 1.7 mi

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

    AirbnbVrboBooking

  • Manaaki - The Happy Cabin

    Cabin · 2 bd · 2 ba · sleeps 4 · 1.7 mi

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

    AirbnbVrbo

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

    House · 2 bd · 2 ba · sleeps 12 · 1.7 mi

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

    AirbnbVrboBooking

  • Manaaki - the Happy Cabin

    Cabin · 2 bd · 2 ba · sleeps 4 · 1.7 mi

    Revenue $33,252ADR $287Occ ≈ 32%—

    AirbnbVrboBooking

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

    Cabin · 2 bd · 2 ba · sleeps 6 · 1.7 mi

    Revenue $22,236ADR $265Occ ≈ 23%—

    AirbnbVrbo

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

    Cabin · 2 bd · 2 ba · sleeps 6 · 1.7 mi

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

    Vrbo

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

    Cabin · 2 bd · 2 ba · sleeps 8 · 1.7 mi

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

    AirbnbVrbo

  • Eagles Hangout by Avada Properties

    Vacation home · 2 bd · 2 ba · sleeps 8 · 1.7 mi

    Revenue $49,893ADR $217Occ ≈ 63%—

    Booking

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

    Cabin · 2 bd · 2 ba · sleeps 4 · 1.7 mi

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

    AirbnbVrbo

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

    Cabin · 2 bd · 2 ba · sleeps 4 · 1.7 mi

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

    AirbnbBooking

  • Pioneer Place - Soak in the hot tub

    Cabin · 2 bd · 2 ba · sleeps 10 · 1.7 mi

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

    AirbnbVrboBooking

  • Great Reviews! New Cabin in a Beautiful Area!

    Cabin · 2 bd · 2 ba · sleeps 6 · 1.7 mi

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

    AirbnbVrbo

  • Smoky Mountain High Getaway

    Cabin · 2 bd · 2 ba · sleeps 8 · 1.7 mi

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

    AirbnbVrbo

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

    Cabin · 2 bd · 3 ba · sleeps 10 · 1.7 mi

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

    AirbnbVrbo

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

    Cabin · 2 bd · 2 ba · sleeps 6 · 1.7 mi

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

    AirbnbVrbo

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

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 1.8 mi

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

    AirbnbVrbo

  • Hot Tub, Game Loft, Easy Roads & More

    Cabin · 2 bd · 2 ba · sleeps 8 · 1.8 mi

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

    AirbnbVrbo

  • Homey Sevierville Cabin w/ Deck Near Pigeon Forge!

    Cabin · 2 bd · 2 ba · sleeps 8 · 1.8 mi

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

    AirbnbVrboBooking

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

    Cabin · 2 bd · 2 ba · sleeps 6 · 1.8 mi

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

    Vrbo

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

    Cabin · 2 bd · 2 ba · sleeps 8 · 1.8 mi

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

    AirbnbVrbo

  • Wanderlust - Sip & Soak in the Fresh Mountain Air

    House · 2 bd · 2 ba · sleeps 4 · 1.8 mi

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

    AirbnbVrboBooking

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

    Cabin · 2 bd · 2 ba · sleeps 8 · 1.8 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 · 1.8 mi

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

    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
Term

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

Est. revenue

$46,402

NOI

$24,573

Cash flow /mo

-$1,455

Cash needed

$204,500

Cash-on-cash

-8.5%

ROE (yr 1)

3.1%

Cap rate

3.8%

DSCR

0.58

Year-1 write-off

$102,443

Year-1 tax shield @ 32%

$32,782

Year-1 return on equity

  • Cash flow (annual)-$17,458
  • Principal paydown$4,254
  • Appreciation at%$19,500
ROE3.1%
ROE incl. year-1 tax savings (32% bracket, STR loophole)19.1%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$9,280
  • Platform fees (3% of revenue)$1,392
  • Maintenance / capex (5% of revenue)$2,320
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$736
  • Insurance (STR-rated)$3,900

Cash needed to close

  • Down payment (25%)$162,500
  • Closing costs (4.0%)$26,000
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$32,782

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

$337,000

Short-life (5/15-yr)

$86,000 · 25%

Year-1 deduction

$102,000

Year-1 tax shield @ 32%

$33,000

Land 48% (county tax record, market value split) · building $251,000 over 39 years · new furniture $16,000

Based on: 1,824 sq ft, built 1973, 2 bd / 2 ba, unfurnished, listing features (deck, septic, wooded lot).

IRS-guide safe-harbor floor: $60,000 in year 1 (13% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$62,100
  • Kitchen cabinetsdefault

    $9,800 new × 40% good × 2.23 allocation

    $8,700
  • Kitchen countertopsdefault

    $8,000 new × 40% good × 2.23 allocation

    $7,100
  • Decorative trimdefault

    $3,200 new × 40% good × 2.23 allocation

    $2,800
  • Mirrorsdefault

    $300 new × 40% good × 2.23 allocation

    $300
  • Shelvingdefault

    $900 new × 40% good × 2.23 allocation

    $800
  • Window coverings (18)default

    $4,500 new × 40% good × 2.23 allocation

    $4,000
  • Carpet, vinyl & laminate (40% of floors)default

    $4,700 new × 40% good × 2.23 allocation

    $4,200
  • Kitchen & laundry equipment plumbingdefault

    $7,600 new × 40% good × 2.23 allocation

    $6,800
  • Kitchen, laundry & data equipment electricaldefault

    $4,600 new × 40% good × 2.23 allocation

    $4,100
  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default

    $8,100 new × 40% good × 2.23 allocation

    $7,200
  • Furniture bought newlisting

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

    $16,000
15-year land improvements$39,500
  • Paving: driveway & walks (paved)default

    $8,900 new × 50% good × 2.23 allocation

    $9,900
  • Landscaping (minimal)listing

    $4,300 new × 50% good × 2.23 allocation

    $4,700
  • Patiosdefault

    $1,800 new × 50% good × 2.23 allocation

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

    $20,500 new × 50% good × 2.23 allocation

    $22,900
Building, 39-year$251,100
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $198,100 new × 40% good × 2.23 allocation

    $176,700
  • Building plumbing & fixturesdefault

    $20,500 new × 40% good × 2.23 allocation

    $18,300
  • Building electrical & lightingdefault

    $20,400 new × 40% good × 2.23 allocation

    $18,200
  • HVACdefault

    $20,500 new × 40% good × 2.23 allocation

    $18,300
  • Hardwood & tile floorsdefault

    $7,000 new × 40% good × 2.23 allocation

    $6,300
  • Septic systemlisting

    $12,000 new × 50% good × 2.23 allocation

    $13,400

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$62,100$39,500$800$102,400
2$0$0$6,400$6,400
3$0$0$6,400$6,400
4$0$0$6,400$6,400
5$0$0$6,400$6,400
6+$0$0$224,600$224,600
Total$62,100$39,500$251,100$352,800

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.