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Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

3202 Barry View Way

3202 Barry View Way

Sevierville, TN 37862

$450,000

2 bd · 2 ba · 1,320 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2002

Sqft

1,320

Lot sqft

5,227

HOA / mo

$150

Furnished

No

List date

2026-10-02T20:02:55.000000Z

Revenue

Annual revenue

$50,359

ADR

$214

Occupancy

64%

Cleaning fees (12 mo)

$11,148

Confidence

Med (57.61), 49 comps

Comp revenue range (p25 / median / p75)

$31,249$42,104$62,188

Median revenue of shown comps: $42,104

  • 3BR, slps 6, hot tub, great outdoor seating!

    Chalet · 2 bd · 2 ba · sleeps 6 · 36 ft

    Revenue $39,022ADR $220Occ ≈ 49%5★ (1)

    Booking

  • Hot tub, pool table, cozy outdoor spaces!

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 36 ft

    Revenue $55,595ADR $395Occ ≈ 39%5★ (13)

    AirbnbVrbo

  • Great Views, Arcade, Convenient to the Parkway!

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 148 ft

    Revenue $40,849ADR $196Occ ≈ 57%4.5★ (310)

    AirbnbVrbo

  • Cozy Mtn Home w/Indoor Pool, Game Room, Hot Tub

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 262 ft

    Revenue $66,817ADR $282Occ ≈ 65%1★ (1)

    Airbnb

  • Spacious 1 Bedroom Cabin close to the Smoky Mounta

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

    Revenue $28,048ADR $190Occ ≈ 40%4★ (26)

    AirbnbVrbo

  • Pigeon Forge Getaway

    Chalet · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $24,450ADR $163Occ ≈ 41%4.5★ (2)

    Booking

  • Mountain Serene #119

    Vacation home · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $28,419ADR $125Occ ≈ 62%—

    Booking

  • Always & Forever #118

    Vacation home · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $26,058ADR $133Occ ≈ 54%5★ (1)

    Booking

  • Private, Wood Fireplace, Hot Tub, Fire Pit, Grill.

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

    Revenue $71,478ADR $292Occ ≈ 67%4.9★ (193)

    AirbnbVrbo

  • Pigeon Forge Getaway

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $31,544ADR $231Occ ≈ 37%4.8★ (57)

    AirbnbVrbo

Show 36 more
  • Aqua Paradise w/Private Indoor Pool-Sauna 2BD, 3BA

    Cabin · 2 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $88,656ADR $380Occ ≈ 64%5★ (197)

    AirbnbVrbo

  • *FirePit*HotTub *GameRoom*Mins to PigeonForge

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

    Revenue $32,507ADR $219Occ ≈ 41%4.5★ (113)

    AirbnbVrbo

  • Cabin w/ Indoor Pool, Hot Tub, Sauna, Fire Pit

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

    Revenue $87,827ADR $382Occ ≈ 63%5★ (380)

    AirbnbVrbo

  • Above and Beyond: Elevate Your Mountain Escape

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

    Revenue $41,127ADR $245Occ ≈ 46%4.2★ (26)

    AirbnbVrbo

  • The Smoky Pines: Free Attraction Tickets

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

    Revenue $34,699ADR $283Occ ≈ 34%5★ (5)

    AirbnbVrboBooking

  • Location!! Location!! Location!!

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

    Revenue $16,305ADR $221Occ ≈ 20%4.9★ (162)

    Airbnb

  • Couples getaway! Hot tub, views, pool, & king beds

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

    Revenue $70,618ADR $285Occ ≈ 68%5★ (311)

    AirbnbVrbo

  • "April's Diamond" 2 Bedroom Cabin

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

    Revenue $18,809ADR $281Occ ≈ 18%—

    AirbnbVrbo

  • Beautiful Cabin w/ Hot Tub–Sleeps 8 Comfortably!

    Cabin · 2 bd · 1 ba · sleeps 8 · 0.3 mi

    Revenue $46,014ADR $189Occ ≈ 67%4.8★ (56)

    AirbnbVrbo

  • Luxe Modern Nest: Hot Tub- Pool Table- Views

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

    Revenue $64,814ADR $285Occ ≈ 62%4.8★ (56)

    AirbnbVrboBooking

  • Pigeon Forge Cabin, Log cabin, Hot tub, Arcade game, pool table, fireplace, wifi

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $60,987ADR $264Occ ≈ 63%4.9★ (113)

    Vrbo

  • Stairway to Heaven: Free Attraction Tickets

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

    Revenue $44,383ADR $240Occ ≈ 51%4.8★ (137)

    AirbnbVrbo

  • Location!*Hot Tub*Pool Table*Arcade*WiFi*SmartTVs*

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

    Revenue $59,426ADR $240Occ ≈ 68%4.8★ (164)

    AirbnbVrbo

  • Park Tickets* | Cabin at Covered Bridge | Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $42,006ADR $207Occ ≈ 56%4.8★ (162)

    AirbnbVrbo

  • Location! | Spa | VIEW! | Fast WiFi | KING Suite!

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

    Revenue $62,384ADR $241Occ ≈ 71%5★ (209)

    AirbnbVrbo

  • "Reset and Relax" 2 Bedroom Cabin

    House · 2 bd · 2.5 ba · sleeps 7 · 0.4 mi

    Revenue $26,823ADR $323Occ ≈ 23%—

    Airbnb

  • Rustic style two-story 2BR cabin /hot tub,jacuzzi

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $50,922ADR $211Occ ≈ 66%5★ (534)

    AirbnbVrbo

  • Free Dollywood Tix/Pool/15Min2Dollywood/Pool table

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

    Revenue $52,919ADR $224Occ ≈ 65%4.8★ (101)

    AirbnbVrbo

  • A Stairway to Heaven

    Vacation home · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $17,064ADR $3,505Occ ≈ 1%4★ (1)

    Booking

  • 10 Min 2 Pigeon Forge Pkwy/Gorgeous Cabin/Hot Tub

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

    Revenue $62,444ADR $234Occ ≈ 73%4.8★ (575)

    AirbnbVrbo

  • The Smoky Pines: Free Attraction Tickets, Game Room, Hot Tub & 5 minutes to Pigeon Forge

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $21,482ADR $194Occ ≈ 30%—

    Vrbo

  • NEW! The Smoky Pines 2-Bedroom Cabin with Pool and Mountain view

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $33,612ADR $285Occ ≈ 32%—

    Vrbo

  • The Smoky Pines:Resort Pool*Hot Tub*Wifi*Games

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

    Revenue $61,600ADR $292Occ ≈ 58%4.5★ (11)

    AirbnbVrbo

  • The Smoky Pines: Easy Access, Hot Tub, Resort Pool

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

    Revenue $13,918ADR $262Occ ≈ 15%4.8★ (5)

    Airbnb

  • *Beary Cozy*Hot Tub, Pool Table, Resort Pool! View

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

    Revenue $31,151ADR $216Occ ≈ 40%4.9★ (344)

    AirbnbVrbo

  • Private Hot Tub | Two King Suites | Pigeon Forge

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $33,207ADR $288Occ ≈ 32%4.9★ (58)

    AirbnbVrbo

  • *Near Pkwy*/hot tub/pool table/close to Island

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

    Revenue $59,108ADR $221Occ ≈ 73%5★ (332)

    AirbnbVrbo

  • Mins to Prkwy! Pool Table + Hot Tub + Arcade

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $61,209ADR $244Occ ≈ 69%5★ (255)

    AirbnbVrbo

  • 5 Little Cubs

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

    Revenue $24,360ADR $197Occ ≈ 34%4.8★ (55)

    AirbnbVrbo

  • Cabin:Sleeps 8, Hot Tub, Pool Table & Fishing Hole

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

    Revenue $77,336ADR $244Occ ≈ 87%4.9★ (267)

    AirbnbVrbo

  • Timber Top Cabin - Log cabin in Pigeon Forge TN

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $62,833ADR $270Occ ≈ 64%4.9★ (117)

    Airbnb

  • Let The Good Times Roll*Resort Setting*Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $36,724ADR $255Occ ≈ 39%4★ (2)

    AirbnbVrbo

  • Location!!! Hot Tub, Pool Table, and more!

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

    Revenue $42,201ADR $211Occ ≈ 55%4.6★ (335)

    AirbnbVrbo

  • Free Dollywood Tix/Pool/Dog Friendly/Pool Table

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

    Revenue $62,985ADR $230Occ ≈ 75%4.9★ (73)

    AirbnbVrbo

  • Summer Special, Hot Tub, Fireplace, Pigeon Forge

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

    Revenue $50,787ADR $227Occ ≈ 61%4.8★ (88)

    AirbnbVrbo

  • Romantic Cabin-Hot Tub, Fire Pit, Private & cozy

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.6 mi

    Revenue $38,820ADR $238Occ ≈ 45%5★ (29)

    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 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

Est. revenue

$50,359

NOI

$25,964

Cash flow /mo

-$320

Cash needed

$152,500

Cash-on-cash

-2.5%

ROE (yr 1)

8.2%

Cap rate

5.8%

DSCR

0.87

Year-1 write-off

$100,248

Year-1 tax shield @ 32%

$32,079

Year-1 return on equity

  • Cash flow (annual)-$3,838
  • Principal paydown$2,803
  • Appreciation at%$13,500
ROE8.2%

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)$10,072
  • Platform fees (3% of revenue)$1,511
  • Maintenance / capex (5% of revenue)$2,518
  • Utilities & supplies$4,200
  • HOA$1,800
  • Property tax$1,594
  • Insurance (STR-rated)$2,700

Cash needed to close

  • Down payment (25%)$112,500
  • Closing costs (4.0%)$18,000
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$32,079

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

$383,000

Short-life (5/15-yr)

$78,000 · 20%

Year-1 deduction

$100,000

Year-1 tax shield @ 32%

$32,000

Land 15% (county tax record, market value split) · building $305,000 over 39 years · new furniture $22,000

Based on: 1,320 sq ft, built 2002, 2 bd / 2 ba, unfurnished, listing features (hot tub, game room, flooring types, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $78,000 in year 1 (15% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$81,700
  • Kitchen cabinetsdefault

    $8,700 new × 40% good × 2.65 allocation

    $9,200
  • Kitchen countertopsdefault

    $7,100 new × 40% good × 2.65 allocation

    $7,600
  • Decorative trimdefault

    $2,300 new × 40% good × 2.65 allocation

    $2,500
  • Mirrorsdefault

    $300 new × 40% good × 2.65 allocation

    $300
  • Shelvingdefault

    $900 new × 40% good × 2.65 allocation

    $1,000
  • Window coverings (13)default

    $3,300 new × 40% good × 2.65 allocation

    $3,400
  • Carpet, vinyl & laminate (33% of floors)listing

    $2,800 new × 40% good × 2.65 allocation

    $3,000
  • Kitchen & laundry equipment plumbingdefault

    $6,800 new × 52% good × 2.65 allocation

    $9,300
  • Kitchen, laundry & data equipment electricaldefault

    $4,100 new × 52% good × 2.65 allocation

    $5,600
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 2.65 allocation

    $8,200
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.65 allocation

    $9,600
  • 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$18,300
  • Paving: driveway & walks (paved)default

    $7,500 new × 50% good × 2.65 allocation

    $10,000
  • Landscaping (minimal)listing

    $3,600 new × 50% good × 2.65 allocation

    $4,800
  • Patiosdefault

    $1,300 new × 50% good × 2.65 allocation

    $1,700
  • Decks & porches (attached)default

    $1,300 new × 50% good × 2.65 allocation

    $1,700
Building, 39-year$305,200
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $143,000 new × 60% good × 2.65 allocation

    $227,700
  • Building plumbing & fixturesdefault

    $14,800 new × 52% good × 2.65 allocation

    $20,400
  • Building electrical & lightingdefault

    $14,000 new × 52% good × 2.65 allocation

    $19,300
  • HVACdefault

    $14,900 new × 40% good × 2.65 allocation

    $15,800
  • Hardwood & tile floorsdefault

    $5,700 new × 40% good × 2.65 allocation

    $6,000
  • Septic systemlisting

    $12,000 new × 50% good × 2.65 allocation

    $15,900

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$81,700$18,300$300$100,200
2$0$0$7,800$7,800
3$0$0$7,800$7,800
4$0$0$7,800$7,800
5$0$0$7,800$7,800
6+$0$0$273,600$273,600
Total$81,700$18,300$305,200$405,100

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.