227 Henderson Ave
Sevierville, TN 37862
$249,900
2 bd · 1 ba · 1,320 sqft · Listed 2d ago
View on Realtor.com →Year built
1950
Sqft
1,320
Lot sqft
436
HOA / mo
None
Furnished
No
List date
2026-10-24T15:06:31.000000Z
Revenue
Annual revenue
$39,258
ADR
$185
Occupancy
58%
Cleaning fees (12 mo)
$8,226
Confidence
Med (56.08), 47 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $38,766
Tito’s Bear’s House Cozy cabin w jacuzzi fireplac
House · 2 bd · 1 ba · sleeps 8 · 0.3 mi
Revenue $5,188ADR $294Occ ≈ 5%3.9★ (6)
Delisted
Downtown Art Studio~BIKES & Art Supplies Included
Cottage · 2 bd · 1 ba · sleeps 4 · 0.4 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $20,441ADR $132Occ ≈ 42%5★ (72)
Mins to Parkway | Cozy One level cabin・Hot tub
Condominium (condo) · 2 bd · 1 ba · sleeps 4 · 0.5 mi
Revenue $34,287ADR $157Occ ≈ 60%5★ (3)
Delisted
Mins to Parkway | Cozy One level cabin・Hot tub
Condominium (condo) · 2 bd · 1 ba · sleeps 4 · 0.5 mi
Revenue $27,780ADR $142Occ ≈ 54%5★ (3)
Delisted
Panoramic View - Suite 2 - Starr Crest Resort
Cabin · 2 bd · 1 ba · sleeps 4 · 0.6 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $47,186ADR $197Occ ≈ 66%4.8★ (59)
Panoramic View - Suite 1 - Starr Crest Resort
Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.6 mi
- Hot tub
- Pool
- A/C
- Free parking
- +4
Revenue $39,927ADR $188Occ ≈ 58%4.9★ (67)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Tito’s Bear’s House Cozy cabin w jacuzzi fireplac House | 2 bd · 1 ba · sleeps 8 | $5,188 | $294 | 5% | 3.9★ (6) | 0.3 mi | Delisted |
Downtown Art Studio~BIKES & Art Supplies Included Cottage
| 2 bd · 1 ba · sleeps 4 | $20,441 | $132 | 42% | 5★ (72) | 0.4 mi | Airbnb |
Mins to Parkway | Cozy One level cabin・Hot tub Condominium (condo) | 2 bd · 1 ba · sleeps 4 | $34,287 | $157 | 60% | 5★ (3) | 0.5 mi | Delisted |
Mins to Parkway | Cozy One level cabin・Hot tub Condominium (condo) | 2 bd · 1 ba · sleeps 4 | $27,780 | $142 | 54% | 5★ (3) | 0.5 mi | Delisted |
Fall Retreat N Downtown Sevierville W Hot Tub Townhouse
| 2 bd · 1 ba · sleeps 4 | $38,607 | $143 | 74% | 4.7★ (178) | 0.5 mi | AirbnbVrboBooking |
cabin in Smokies! 2b/2b, hot tub PLUS gameroom House
| 2 bd · 2 ba · sleeps 4 | $57,329 | $228 | 69% | 4.8★ (31) | 0.5 mi | AirbnbVrboBooking |
Panoramic View - Suite 2 - Starr Crest Resort Cabin
| 2 bd · 1 ba · sleeps 4 | $47,186 | $197 | 66% | 4.8★ (59) | 0.6 mi | Airbnb |
Panoramic View - Suite 1 - Starr Crest Resort Cabin
| 2 bd · 1.5 ba · sleeps 4 | $39,927 | $188 | 58% | 4.9★ (67) | 0.6 mi | Airbnb |
Brother Bear, Free Tickets, Hot Tub, WIFI Cabin
| 2 bd · 2 ba · sleeps 4 | $48,890 | $231 | 58% | 3.9★ (25) | 0.6 mi | AirbnbVrbo |
Dolly Log Cabin~Jacuzzi~Arcade Game~Private Hot Tu House
| 2 bd · 2 ba · sleeps 6 | $51,059 | $218 | 64% | 3.4★ (5) | 0.6 mi | AirbnbBooking |
Show 36 more
Panoramic View - Suite 4 - Starr Crest Resort
Cabin · 2 bd · 2 ba · sleeps 4 · 0.6 mi
- Hot tub
- Pool
- A/C
- Free parking
- +4
Revenue $57,220ADR $203Occ ≈ 77%4.8★ (50)
Flyin' Horse Teepee, Free Tickets, NO catch!
Chalet · 2 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $28,327ADR $202Occ ≈ 38%2.8★ (2)
Bear Claw Teepee, Free Tickets, NO catch!
Chalet · 2 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $24,760ADR $201Occ ≈ 34%—
Sunset Stampede Teepee, Free Tickets, NO Catch!
Chalet · 2 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $30,108ADR $196Occ ≈ 42%—
Mustang Manor Teepee, Free tickets, No catch!
Chalet · 2 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $27,269ADR $194Occ ≈ 39%—
Soaring Dreams Teepee, No catch!
Chalet · 2 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $23,896ADR $196Occ ≈ 33%—
Almost Perfect: Extra Spacious Layout - New Hot Tub - Overlooks Dollywood
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $85,413ADR $276Occ ≈ 85%4.8★ (24)
Modern 2 bedroom 4M from Dollywood Private Hot Tub
Cottage · 2 bd · 1 ba · sleeps 4 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +3
Revenue $56,454ADR $177Occ ≈ 87%4.8★ (291)
2 Bedroom| 1 Bathroom Condo| Sevierville| Near Dollywood | Budget Friendly
Condominium (condo) · 2 bd · 1 ba · sleeps 5 · 0.6 mi
Revenue $21,926ADR $129Occ ≈ 47%4.5★ (4)
Delisted
Two Bedroom | One bathroom condo | Budget Friendly| Sleeps 4|Free Tkts
Condominium (condo) · 2 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $21,606ADR $122Occ ≈ 49%5★
Delisted
Cedar Peak Condo - Downtown Sevierville
Apartment · 2 bd · 1 ba · sleeps 4 · 0.7 mi
Revenue $40,603ADR $218Occ ≈ 51%5★ (2)
Cozy 2BR Cabin Near Dollywood & Attractions!
Cabin · 2 bd · 2 ba · sleeps 4 · 0.7 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $38,925ADR $172Occ ≈ 62%4.9★ (144)
Smoky Mountain Escape | 2 King Beds | Parking
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.7 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $37,325ADR $199Occ ≈ 51%5★ (173)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Lullaby Falls, $560 FREE tickets each paid day Cabin
| 2 bd · 2 ba · sleeps 6 | $61,379 | $243 | 69% | 4.5★ (17) | 0.6 mi | AirbnbVrbo |
Panoramic View - Suite 4 - Starr Crest Resort Cabin
| 2 bd · 2 ba · sleeps 4 | $57,220 | $203 | 77% | 4.8★ (50) | 0.6 mi | Airbnb |
Cub Crossing, Free Tickets, Hot Tub, Pool Table Cabin
| 2 bd · 2 ba · sleeps 6 | $49,107 | $216 | 62% | 4★ (49) | 0.6 mi | AirbnbVrboBooking |
Flyin' Horse Teepee, Free Tickets, NO catch! Chalet | 2 bd · 1 ba · sleeps 4 | $28,327 | $202 | 38% | 2.8★ (2) | 0.6 mi | Booking |
Bear Claw Teepee, Free Tickets, NO catch! Chalet | 2 bd · 1 ba · sleeps 4 | $24,760 | $201 | 34% | — | 0.6 mi | Booking |
Sunset Stampede Teepee, Free Tickets, NO Catch! Chalet | 2 bd · 1 ba · sleeps 4 | $30,108 | $196 | 42% | — | 0.6 mi | Booking |
Mustang Manor Teepee, Free tickets, No catch! Chalet | 2 bd · 1 ba · sleeps 4 | $27,269 | $194 | 39% | — | 0.6 mi | Booking |
Soaring Dreams Teepee, No catch! Chalet | 2 bd · 1 ba · sleeps 4 | $23,896 | $196 | 33% | — | 0.6 mi | Booking |
Almost Perfect: Extra Spacious Layout - New Hot Tub - Overlooks Dollywood Cabin
| 2 bd · 2 ba · sleeps 6 | $85,413 | $276 | 85% | 4.8★ (24) | 0.6 mi | Vrbo |
Modern 2 bedroom 4M from Dollywood Private Hot Tub Cottage
| 2 bd · 1 ba · sleeps 4 | $56,454 | $177 | 87% | 4.8★ (291) | 0.6 mi | Airbnb |
Game Room and Hot Tub! Only 4 Miles to Dollywood! Cabin
| 2 bd · 2 ba · sleeps 5 | $67,066 | $235 | 78% | 5★ (185) | 0.6 mi | AirbnbVrbo |
2 Bedroom| 1 Bathroom Condo| Sevierville| Near Dol Condominium (condo) | 2 bd · 1 ba · sleeps 5 | $25,283 | $136 | 51% | 4.5★ (15) | 0.6 mi | AirbnbVrboBooking |
2-Bedroom, 1-Bath Condo | Sleeps 5 | Budget-Frien Condominium (condo) | 2 bd · 1 ba · sleeps 5 | $19,167 | $145 | 36% | 4.8★ (17) | 0.6 mi | AirbnbBooking |
2 Bedroom| 1 Bathroom Condo| Sevierville| Near Dollywood | Budget Friendly Condominium (condo) | 2 bd · 1 ba · sleeps 5 | $21,926 | $129 | 47% | 4.5★ (4) | 0.6 mi | Delisted |
LongRngViews! ~ NearDollywood~ Hot Tub~ Games! Cabin
| 2 bd · 1 ba · sleeps 4 | $47,212 | $194 | 67% | 5★ (145) | 0.6 mi | AirbnbVrbo |
Two Bedroom | One bathroom condo | Budget Friendly| Sleeps 4|Free Tkts Condominium (condo) | 2 bd · 1 ba · sleeps 4 | $21,606 | $122 | 49% | 5★ | 0.6 mi | Delisted |
Two Bedroom | One bathroom condo | Budget Friendly Condominium (condo) | 2 bd · 1 ba · sleeps 4 | $17,635 | $135 | 36% | 5★ (5) | 0.7 mi | AirbnbBooking |
Cedar Peak Condo - Downtown Sevierville Apartment | 2 bd · 1 ba · sleeps 4 | $40,603 | $218 | 51% | 5★ (2) | 0.7 mi | Booking |
Cozy Retreat Near Smoky Mountains Apartment
| 2 bd · 2 ba · sleeps 4 | $44,745 | $200 | 61% | 4.8★ (37) | 0.7 mi | AirbnbVrbo |
Cozy 2BR Cabin Near Dollywood & Attractions! Cabin
| 2 bd · 2 ba · sleeps 4 | $38,925 | $172 | 62% | 4.9★ (144) | 0.7 mi | Airbnb |
2BR/2BA Hot Tub Suite • Songbirds Apartment
| 2 bd · 2 ba · sleeps 6 | $12,893 | $178 | 20% | 5★ (23) | 0.7 mi | AirbnbVrbo |
2BR/2BA Hot Tub Suite • Smokies Apartment
| 2 bd · 2 ba · sleeps 6 | $14,226 | $194 | 20% | 5★ (13) | 0.7 mi | AirbnbVrbo |
2BR/2BA Hot Tub Suite • Coat of Many Colors Apartment
| 2 bd · 2 ba · sleeps 6 | $14,671 | $180 | 22% | 4.9★ (13) | 0.7 mi | AirbnbVrbo |
Lux Treehouse Cabin, Hot Tub, Sauna, Arcade, Cabin
| 2 bd · 2 ba · sleeps 6 | $71,838 | $282 | 70% | 5★ (227) | 0.7 mi | AirbnbVrbo |
Centrally located cabin with great amenities! Cabin
| 2 bd · 2 ba · sleeps 6 | $44,350 | $246 | 49% | 4.9★ (109) | 0.7 mi | AirbnbVrboBooking |
Modern Cabin, Hot Tub, Arcade, Views, 5 Min to PF Cabin
| 2 bd · 2 ba · sleeps 6 | $49,079 | $206 | 65% | 5★ (171) | 0.7 mi | AirbnbVrbo |
Great Location-Near Dollywood-HotTub-Arcade Games Cabin
| 2 bd · 2 ba · sleeps 6 | $46,711 | $224 | 57% | 4.9★ (132) | 0.7 mi | AirbnbVrbo |
Mountain Cabin • 3 Mi Dollywood • Hot Tub/PacMan Cabin
| 2 bd · 1 ba · sleeps 5 | $43,772 | $260 | 46% | 4.8★ (103) | 0.7 mi | AirbnbVrboBooking |
EasyAccess|HotTub+Arcade+Foosball+Fireplace+DogOK Cabin
| 2 bd · 2 ba · sleeps 6 | $52,404 | $213 | 67% | 5★ (98) | 0.7 mi | AirbnbVrboBooking |
2 King Suites | 4 Mi Dollywood • Hot Tub • Pets House
| 2 bd · 2 ba · sleeps 4 | $34,649 | $199 | 48% | 4.8★ (67) | 0.7 mi | AirbnbVrbo |
Close to Dollywood! Hot Tub! Mountain View’s! Cabin
| 2 bd · 2 ba · sleeps 4 | $39,246 | $181 | 59% | 5★ (132) | 0.7 mi | AirbnbVrbo |
Downtown Condo | 13 Min to Dollywood Loft
| 2 bd · 2 ba · sleeps 6 | $26,000 | $280 | 25% | 5★ (60) | 0.7 mi | AirbnbVrbo |
Smoky Mountain Escape | 2 King Beds | Parking Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $37,325 | $199 | 51% | 5★ (173) | 0.7 mi | Airbnb |
The Notch | Walkable Downtown Loft w/ Pool Table Loft
| 2 bd · 2 ba · sleeps 4 | $34,374 | $171 | 55% | 4.9★ (241) | 0.7 mi | AirbnbVrbo |
Smoky Mountain Getaway | 2 King Beds | Parking Condominium (condo)
| 2 bd · 2 ba · sleeps 6 | $31,638 | $187 | 46% | 5★ (155) | 0.7 mi | AirbnbVrbo |
*Cozy 2BD Cabin Near TOWN! Fireplace + HOT TUB* Cabin
| 2 bd · 2 ba · sleeps 5 | $42,210 | $187 | 62% | 4.8★ (88) | 0.7 mi | 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
Rate 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium
Est. revenue
$39,258
NOI
$22,299
Cash flow /mo
$474
Cash needed
$88,471
Cash-on-cash
6.4%
ROE (yr 1)
16.6%
Cap rate
8.9%
DSCR
1.34
Year-1 write-off
$62,974
Year-1 tax shield @ 32%
$20,152
Year-1 return on equity
- Cash flow (annual)$5,686
- Principal paydown$1,544
- Appreciation at%$7,497
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)$7,852
- Platform fees (3% of revenue)$1,178
- Maintenance / capex (5% of revenue)$1,963
- Utilities & supplies$4,200
- HOA$0
- Property tax$267
- Insurance (STR-rated)$1,499
Cash needed to close
- Down payment (25%)$62,475
- Closing costs (4.0%)$9,996
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$20,152
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
$178,000
Short-life (5/15-yr)
$47,000 · 26%
Year-1 deduction
$63,000
Year-1 tax shield @ 32%
$20,000
Land 29% (county tax record, market value split) · building $131,000 over 39 years · new furniture $16,000
Based on: 1,320 sq ft, built 1950, 2 bd / 1 ba, unfurnished, listing features (flooring types, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $48,000 in year 1 (18% short-life, $15,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,100
Kitchen cabinetsdefault
$8,700 new × 40% good × 1.76 allocation
- $5,000
Kitchen countertopsdefault
$7,100 new × 40% good × 1.76 allocation
- $1,600
Decorative trimdefault
$2,300 new × 40% good × 1.76 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 1.76 allocation
- $600
Shelvingdefault
$900 new × 40% good × 1.76 allocation
- $2,300
Window coverings (13)default
$3,300 new × 40% good × 1.76 allocation
- $6,000
Carpet, vinyl & laminate (100% of floors)listing
$8,500 new × 40% good × 1.76 allocation
- $4,700
Kitchen & laundry equipment plumbingdefault
$6,800 new × 40% good × 1.76 allocation
- $2,900
Kitchen, laundry & data equipment electricaldefault
$4,100 new × 40% good × 1.76 allocation
- $2,200
Appliances (dishwasher, refrigerator)listing
$3,200 new × 40% good × 1.76 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $6,600
Paving: driveway & walks (paved)default
$7,500 new × 50% good × 1.76 allocation
- $6,400
Landscaping (typical)default
$7,200 new × 50% good × 1.76 allocation
- $1,100
Patiosdefault
$1,300 new × 50% good × 1.76 allocation
- $1,100
Decks & porches (attached)default
$1,300 new × 50% good × 1.76 allocation
- $100,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$143,200 new × 40% good × 1.76 allocation
- $10,400
Building plumbing & fixturesdefault
$14,800 new × 40% good × 1.76 allocation
- $9,800
Building electrical & lightingdefault
$14,000 new × 40% good × 1.76 allocation
- $10,400
HVACdefault
$14,900 new × 40% good × 1.76 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $47,600 | $15,300 | $100 | $63,000 |
| 2 | $0 | $0 | $3,400 | $3,400 |
| 3 | $0 | $0 | $3,400 | $3,400 |
| 4 | $0 | $0 | $3,400 | $3,400 |
| 5 | $0 | $0 | $3,400 | $3,400 |
| 6+ | $0 | $0 | $117,600 | $117,600 |
| Total | $47,600 | $15,300 | $131,200 | $194,100 |
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.