2723 Madison Rdg
Sevierville, TN 37876
$589,250
3 bd · 2 ba · 2,473 sqft · Listed 3d ago
View on Realtor.com →Year built
2002
Sqft
2,473
Lot sqft
23,522
HOA / mo
$0
Furnished
No
List date
2026-09-24T18:00:52.000000Z
Revenue
Annual revenue
$39,468
ADR
$220
Occupancy
49%
Cleaning fees (12 mo)
$8,390
Confidence
Low (50.32), 30 comps
Comp revenue range (p25 / median / p75)
Sunny beautiful 3 BR house mountain view
House · 3 bd · 3 ba · sleeps 6 · 1.6 mi
Revenue $19,996ADR $187Occ ≈ 29%5★ (11)
Unique cabin with amazing mountain views, pond access, wifi, & close to shopping
Cabin · 3 bd · 2 ba · sleeps 6 · 1.7 mi
Revenue $36,324ADR $230Occ ≈ 43%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Smoky Mountain Riverfront Barndominium House | 3 bd · 2.5 ba · sleeps 11 | $25,582 | $296 | 24% | 5★ (14) | 1.2 mi | AirbnbVrboBooking |
So Much Fun Your Head Will Spin! House | 3 bd · 2 ba · sleeps 6 | $33,726 | $221 | 42% | 4.8★ (42) | 1.4 mi | AirbnbVrbo |
Peaceful Sevierville Home w/ Private Hot Tub! House | 3 bd · 3 ba · sleeps 8 | $35,212 | $223 | 43% | 4.4★ (80) | 1.4 mi | AirbnbVrboBooking |
Sunny beautiful 3 BR house mountain view House | 3 bd · 3 ba · sleeps 6 | $19,996 | $187 | 29% | 5★ (11) | 1.6 mi | Airbnb |
Woodland Chalet - Hike Trails on 6 Private Acres Cabin | 3 bd · 2 ba · sleeps 6 | $43,430 | $201 | 59% | 3.9★ (66) | 1.6 mi | AirbnbVrboBooking |
Unique Cabin・Mountain View・Hot Tub・Grill・Game Room Cabin | 3 bd · 2 ba · sleeps 6 | $19,047 | $218 | 24% | 4.2★ (11) | 1.7 mi | AirbnbVrboBooking |
Unique cabin with amazing mountain views, pond access, wifi, & close to shopping Cabin | 3 bd · 2 ba · sleeps 6 | $36,324 | $230 | 43% | — | 1.7 mi | Vrbo |
New listing!-Entire Home, Dog Friendly, Hot Tub House | 3 bd · 2 ba · sleeps 6 | $28,160 | $182 | 42% | 4.8★ (20) | 1.7 mi | AirbnbVrbo |
Game Room | Hot tub | Fire pit | Dog friendly House | 3 bd · 2 ba · sleeps 6 | $9,427 | $320 | 8% | 5★ (52) | 1.8 mi | AirbnbVrbo |
Country Cabin, Fully fenced area for pets Cabin | 3 bd · 2 ba · sleeps 9 | $44,533 | $260 | 47% | 4.6★ (58) | 1.8 mi | AirbnbVrboBooking |
Show all 30 comps
Private Pool-Hot tub-Pool table-King beds-Foosball
House · 3 bd · 2.5 ba · sleeps 12 · 1.9 mi
Revenue $49,050ADR $247Occ ≈ 54%5★ (150)
New-Mtn Views-Indoor Pool-Hot Tub-Game Room-Wifi
Cabin · 3 bd · 3 ba · sleeps 10 · 2.1 mi
Revenue $18,461ADR $321Occ ≈ 16%4.8★ (41)
On Top of Ole Smoky!
Vacation home · 3 bd · 2 ba · sleeps 8 · 2.2 mi
Revenue $18,145ADR $367Occ ≈ 14%—
Experience UNIQUE views of LeConte, Bluff Mountain, and English Mountain!
Cabin · 3 bd · 2 ba · sleeps 8 · 2.2 mi
Revenue $10,344ADR $252Occ ≈ 11%—
Green Sky Lodge by Avada Properties
Vacation home · 3 bd · 3 ba · sleeps 6 · 2.2 mi
Revenue $33,116ADR $188Occ ≈ 48%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Private Hot Tub: Serene Family Home in Sevierville House | 3 bd · 2.5 ba · sleeps 6 | $17,667 | $270 | 18% | 4.7★ (16) | 1.9 mi | AirbnbVrboBooking |
Private Pool-Hot tub-Pool table-King beds-Foosball House | 3 bd · 2.5 ba · sleeps 12 | $49,050 | $247 | 54% | 5★ (150) | 1.9 mi | Airbnb |
New-Mtn Views-Indoor Pool-Hot Tub-Game Room-Wifi Cabin | 3 bd · 3 ba · sleeps 10 | $18,461 | $321 | 16% | 4.8★ (41) | 2.1 mi | Airbnb |
On Top of Ole Smoky! Vacation home | 3 bd · 2 ba · sleeps 8 | $18,145 | $367 | 14% | — | 2.2 mi | Booking |
Experience UNIQUE views of LeConte, Bluff Mountain, and English Mountain! Cabin | 3 bd · 2 ba · sleeps 8 | $10,344 | $252 | 11% | — | 2.2 mi | Vrbo |
Eagles Roost Vacation home | 3 bd · 2 ba · sleeps 6 | $12,807 | $302 | 12% | — | 2.2 mi | Booking |
Fall SALE! •Pet Friendly •Mtn Views & Firepit! House | 3 bd · 2.5 ba · sleeps 12 | $50,340 | $235 | 59% | 4.9★ (48) | 2.2 mi | AirbnbVrbo |
Green Sky Lodge by Avada Properties Vacation home | 3 bd · 3 ba · sleeps 6 | $33,116 | $188 | 48% | — | 2.2 mi | Booking |
Green Sky Lodge: Views, Hot Tub, Play Area & More! Cabin | 3 bd · 3 ba · sleeps 8 | $21,179 | $248 | 23% | 4.9★ (12) | 2.2 mi | AirbnbVrboBooking |
EaglesLair-MtnViews -IndoorPool-HotTub-GameRm-WiFi Cabin | 3 bd · 3 ba · sleeps 10 | $26,561 | $344 | 21% | 5★ (1) | 2.2 mi | AirbnbVrbo |
New-Mtn Views-Hot Tub-Plunge pool-Game Room-WiFi House | 3 bd · 3 ba · sleeps 10 | $28,734 | $236 | 33% | 4.5★ (6) | 2.2 mi | AirbnbBooking |
Smoky Mtn Cabin*Hot Tub/Pool Table/Arcade Game Cabin | 3 bd · 2 ba · sleeps 8 | $49,308 | $244 | 55% | 5★ (147) | 2.2 mi | AirbnbVrbo |
Hot Tub, Arcades, LaserTag, Indoor Pool, Mtn Views Cabin | 3 bd · 3 ba · sleeps 8 | $86,947 | $344 | 69% | 4.9★ (136) | 2.2 mi | AirbnbVrboBooking |
Mountain views on large deck, Game room, Sleeps 8 Cabin | 3 bd · 2 ba · sleeps 8 | $36,027 | $276 | 36% | 5★ (65) | 2.2 mi | AirbnbVrbo |
NEW Cabin - Hot Tub, Movie Theater, Arcade Games! Cabin | 3 bd · 3 ba · sleeps 8 | $60,753 | $287 | 58% | 5★ (131) | 2.2 mi | AirbnbVrbo |
Luxury Cabin w/ Hot Tub, Indoor Pool & Game Room Cabin | 3 bd · 3 ba · sleeps 10 | $40,009 | $310 | 35% | 4.5★ (19) | 2.2 mi | AirbnbVrbo |
New & Cozy Cabin! Hot Tub-Loft-Arcade/Game-room! Cabin | 3 bd · 2 ba · sleeps 8 | $29,618 | $261 | 31% | 4.9★ (27) | 2.2 mi | AirbnbVrbo |
Dream Haven Cabin | 3 bd · 3 ba · sleeps 8 | $55,851 | $297 | 52% | 5★ (143) | 2.2 mi | AirbnbVrbo |
Modern, Hot Tub, Air Hockey, King Beds, Pool Cabin | 3 bd · 2 ba · sleeps 10 | $51,220 | $245 | 57% | 4.8★ (74) | 2.3 mi | AirbnbVrbo |
"Smoky Hollow"- Hot Tub |Pool| BBQ|XBox|Games Cabin | 3 bd · 2 ba · sleeps 10 | $40,029 | $250 | 44% | 4.8★ (43) | 2.3 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
Est. revenue
$39,468
NOI
$19,641
Cash flow /mo
$1,637
Cash needed
$632,320
Cash-on-cash (all cash)
3.1%
ROE (yr 1)
5.9%
Cap rate
3.3%
DSCR
—
Year-1 write-off
$133,923
Year-1 tax shield @ 32%
$42,855
Year-1 return on equity
- Cash flow (annual)$19,641
- Principal paydown (n/a, cash)$0
- Appreciation at%$17,678
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$7,894
- Platform fees (3% of revenue)$1,184
- Maintenance / capex (5% of revenue)$1,973
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,040
- Insurance (STR-rated)$3,536
Cash needed to close
- Purchase price (all cash)$589,250
- Closing costs (4.0%)$23,570
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$42,855
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
$520,000
Short-life (5/15-yr)
$113,000 · 22%
Year-1 deduction
$134,000
Year-1 tax shield @ 32%
$43,000
Land 12% (county tax record, market value split) · building $407,000 over 39 years · new furniture $20,000
Based on: 2,473 sq ft, built 2002, 3 bd / 2 ba, unfurnished, listing features (deck, patio, fence, fireplace, flooring types, appliance list).
IRS-guide safe-harbor floor: $86,000 in year 1 (13% short-life, $28,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,800
Kitchen cabinetsdefault
$11,200 new × 40% good × 1.96 allocation
- $7,200
Kitchen countertopsdefault
$9,200 new × 40% good × 1.96 allocation
- $3,400
Decorative trimdefault
$4,300 new × 40% good × 1.96 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.96 allocation
- $900
Shelvingdefault
$1,200 new × 40% good × 1.96 allocation
- $4,900
Window coverings (25)default
$6,300 new × 40% good × 1.96 allocation
- $3,100
Carpet, vinyl & laminate (25% of floors)listing
$4,000 new × 40% good × 1.96 allocation
- $8,900
Kitchen & laundry equipment plumbingdefault
$8,700 new × 52% good × 1.96 allocation
- $5,400
Kitchen, laundry & data equipment electricaldefault
$5,300 new × 52% good × 1.96 allocation
- $6,400
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)listing
$8,100 new × 40% good × 1.96 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $10,100
Paving: driveway & walks (paved)listing
$10,300 new × 50% good × 1.96 allocation
- $9,700
Landscaping (typical)default
$9,900 new × 50% good × 1.96 allocation
- $10,900
Patioslisting
$11,100 new × 50% good × 1.96 allocation
- $27,300
Decks & porches (attached)listing
$27,800 new × 50% good × 1.96 allocation
- $5,900
Fencinglisting
$6,000 new × 50% good × 1.96 allocation
- $316,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$268,700 new × 60% good × 1.96 allocation
- $28,400
Building plumbing & fixturesdefault
$27,900 new × 52% good × 1.96 allocation
- $29,200
Building electrical & lightingdefault
$28,600 new × 52% good × 1.96 allocation
- $21,800
HVACdefault
$27,900 new × 40% good × 1.96 allocation
- $9,400
Hardwood & tile floorsdefault
$11,900 new × 40% good × 1.96 allocation
- $2,100
Fireplacelisting
$2,600 new × 40% good × 1.96 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $68,700 | $63,900 | $1,300 | $133,900 |
| 2 | $0 | $0 | $10,400 | $10,400 |
| 3 | $0 | $0 | $10,400 | $10,400 |
| 4 | $0 | $0 | $10,400 | $10,400 |
| 5 | $0 | $0 | $10,400 | $10,400 |
| 6+ | $0 | $0 | $363,900 | $363,900 |
| Total | $68,700 | $63,900 | $407,000 | $539,600 |
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.