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

2241 E View Dr

2241 E View Dr

Sevierville, TN 37876

$799,925

2 bd · 3 ba · 2,400 sqft · Listed 3d ago

View on Realtor.com →
Rental historyEst. land %Negative cash flow

Year built

2025

Sqft

2,400

Lot sqft

43,560

HOA / mo

$28

Furnished

No

List date

2026-09-24T00:34:53.000000Z

Revenue

Annual revenue

$63,490

ADR

$279

Occupancy

62%

Cleaning fees (12 mo)

$14,523

Confidence

Low (51.57), 49 comps

Comp revenue range (p25 / median / p75)

$34,412$55,706$68,884
  • Pirate Themed | Heated Pool | Gatlinburg Location

    Cabin · 2 bd · 3.5 ba · sleeps 8 · 20 ft

    Revenue $87,642ADR $401Occ ≈ 60%4.8★ (28)

    AirbnbVrbo

  • Pet friendly, hot tub, arcade, & great deck space!

    Cabin · 2 bd · 2 ba · sleeps 6 · 121 ft

    Revenue $69,904ADR $345Occ ≈ 56%4.5★ (26)

    AirbnbVrbo

  • Spacious Mountain Cabin Gatlinburg & Pigeon Forge!

    Cabin · 2 bd · 2 ba · sleeps 8 · 190 ft

    Revenue $59,371ADR $181Occ ≈ 90%5★ (342)

    AirbnbVrbo

  • Luxury Cabin | Hot Tub | Games | Near Dollywood

    Cabin · 2 bd · 2 ba · sleeps 5 · 233 ft

    Revenue $67,635ADR $297Occ ≈ 62%5★ (41)

    AirbnbVrbo

  • #5 Large Flat Yard for Pets & Kids-Firepit-Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 325 ft

    Revenue $20,735ADR $224Occ ≈ 25%4.7★ (243)

    AirbnbVrbo

  • Hot tub, pool table, great deck space & location!

    Cabin · 2 bd · 2 ba · sleeps 6 · 358 ft

    Revenue $77,212ADR $364Occ ≈ 58%4.7★ (23)

    AirbnbVrbo

  • Serene Quintessential Mtn Cabin・Games・Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 367 ft

    Revenue $25,122ADR $158Occ ≈ 44%4.2★ (17)

    AirbnbVrboBooking

  • Peaceful 2BR w/Hot Tub*Game Room*Jacuzzi*Privacy!

    Cabin · 2 bd · 2 ba · sleeps 8 · 394 ft

    Revenue $60,238ADR $219Occ ≈ 75%4.9★ (52)

    AirbnbVrbo

  • Sports Centered Fun Cabin in Gatlinburg

    Cabin · 2 bd · 2 ba · sleeps 8 · 404 ft

    Revenue $74,376ADR $373Occ ≈ 55%5★ (17)

    AirbnbVrbo

  • Panorama*Views*Wet Bar*Custom Kitchen*Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 413 ft

    Revenue $86,088ADR $347Occ ≈ 68%—

    AirbnbVrbo

Show all 50 comps
  • Raccoon Ridge Getaway

    Cabin · 2 bd · 2 ba · sleeps 8 · 476 ft

    Revenue $30,372ADR $215Occ ≈ 39%4.8★ (284)

    AirbnbVrboBooking

  • Relaxation at Southern Comfort

    Cabin · 2 bd · 2 ba · sleeps 8 · 489 ft

    Revenue $6,598ADR $310Occ ≈ 6%4.8★ (5)

    AirbnbVrbo

  • Total Privacy + Stunning Views in Smoky Mountains!

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

    Revenue $29,067ADR $223Occ ≈ 36%5★ (66)

    AirbnbVrboBooking

  • A Place To Remember-The Glades Area-Semi-secluded

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

    Revenue $67,315ADR $281Occ ≈ 66%5★ (3)

    AirbnbVrbo

  • Luxury Cabin Getaway w/ Stunning Forest Views

    Cabin · 2 bd · 3 ba · sleeps 7 · 0.1 mi

    Revenue $68,024ADR $240Occ ≈ 78%4.7★ (110)

    AirbnbVrbo

  • Beautiful Authentic Log Cabin in the Mountains! Last minute booking deals!

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

    Revenue $34,071ADR $153Occ ≈ 61%4.6★ (296)

    Vrbo

  • 2BR with private hot tub & free attraction tickets

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

    Revenue $35,433ADR $190Occ ≈ 51%4.2★ (43)

    AirbnbVrboBooking

  • Wooded Retreat w/ Theater, Game Room & Hot Tub

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

    Revenue $58,444ADR $290Occ ≈ 55%4.8★ (93)

    AirbnbVrboBooking

  • Private Wooded Setting! Theater Room! Centrally Located! 3 Decks! Fun Game Room

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

    Revenue $55,568ADR $270Occ ≈ 56%5★ (424)

    Vrbo

  • Vacay Get Away! Mountain View! Hot Tub! Log Cabin!

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

    Revenue $48,414ADR $249Occ ≈ 53%5★ (216)

    AirbnbVrbo

  • Cozy Cabin in a great location!

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

    Revenue $69,171ADR $350Occ ≈ 54%5★ (31)

    AirbnbVrbo

  • Updated & Private A-Frame Cabin in Great Location

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

    Revenue $40,110ADR $227Occ ≈ 48%5★ (29)

    Airbnb

  • Smoky Mnt A-Frame / Golf Simulator / Hot Tub

    Cabin · 2 bd · 2.5 ba · sleeps 10 · 0.1 mi

    Revenue $110,524ADR $347Occ ≈ 87%5★ (38)

    Airbnb

  • Luxury Smoky Mountain Cabin with Private Indoor Pool Near Gatlinburg & Pigeon Forge, Tennessee

    Vacation home · 2 bd · 3 ba · sleeps 8 · 0.1 mi

    Revenue $24,209ADR $409Occ ≈ 16%—

    Booking

  • Luxury Cabin with Indoor Pool

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.1 mi

    Revenue $81,009ADR $329Occ ≈ 67%4.9★ (46)

    AirbnbVrboBooking

  • Hot tub/Pool table/Fireplace - CABIN

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

    Revenue $48,076ADR $189Occ ≈ 70%4.8★ (230)

    AirbnbVrbo

  • Relaxing Oasis: Bear Paw Lodge

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

    Revenue $62,735ADR $193Occ ≈ 89%4.9★ (142)

    AirbnbVrbo

  • Snuggle Up! Cozy Cabin with Hot Tub Escape

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

    Revenue $61,489ADR $224Occ ≈ 75%4.8★ (73)

    AirbnbVrbo

  • Newly-Built 2BD Cabin w/ Putt-Putt! Hot Tub + WiFi

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

    Revenue $70,769ADR $0Occ ≈ —5★ (67)

    AirbnbVrbo

  • Elegant Peaceful Mountain Cabin, treehouse vibe, hot tub, fun games galore

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.1 mi

    Revenue $52,149ADR $266Occ ≈ 54%4.7★ (197)

    Vrbo

  • Luxury Cabin with Indoor Pool

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

    Revenue $81,068ADR $350Occ ≈ 63%4.4★ (18)

    AirbnbVrbo

  • Authentic Log Cabin with Game Room

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $19,791ADR $222Occ ≈ 24%4.2★ (2)

    AirbnbVrboBooking

  • Sleeps 8 | Screened Hot Tub | 2 Ensuite Baths

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

    Revenue $55,844ADR $268Occ ≈ 57%4.7★ (26)

    AirbnbVrbo

  • Cozy Family Cabin Between Gatlinburg & Pigeon Forg

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

    Revenue $5,947ADR $849Occ ≈ 2%—

    Airbnb

  • HONEY BEAR CABIN

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

    Revenue $57,917ADR $189Occ ≈ 84%4.7★ (730)

    AirbnbVrbo

  • Barefoot Wood Cabin Retreat

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

    Revenue $76,114ADR $1,050Occ ≈ 20%—

    Airbnb

  • Almost Eden Cabin - Hot Tub, WiFi & Mountain Views

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

    Revenue $54,995ADR $245Occ ≈ 61%4.9★ (107)

    AirbnbVrboBooking

  • Sunny Side Up - A Country Cabin In The Countryside

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.2 mi

    Revenue $26,524ADR $230Occ ≈ 32%4.5★ (2)

    AirbnbVrbo

  • Pool Table -Hot Tub -WIFI -Fire Pit -Stone Showers

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

    Revenue $38,227ADR $234Occ ≈ 45%4.7★ (25)

    AirbnbVrboBooking

  • Forest Fantasy

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

    Revenue $29,317ADR $190Occ ≈ 42%5★ (282)

    AirbnbVrbo

  • Hot tub, pool table, pet friendly, great location!

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

    Revenue $64,120ADR $327Occ ≈ 54%4.5★ (17)

    AirbnbVrbo

  • Hot tub, foosball, dog friendly, screened in porch

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

    Revenue $44,997ADR $388Occ ≈ 32%4.5★ (28)

    AirbnbVrbo

  • Summertime Fun! Enjoy our updated cabin

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

    Revenue $53,334ADR $228Occ ≈ 64%5★ (163)

    AirbnbVrbo

  • Luxury indoor pool w/ theater | Killer views

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

    Revenue $127,902ADR $524Occ ≈ 67%4.6★ (115)

    AirbnbVrboBooking

  • Sky Harbor Smoky Mountain cabin in between Gatlinb

    Cabin · 2 bd · 2 ba · sleeps 9 · 0.2 mi

    Revenue $56,745ADR $205Occ ≈ 76%4★ (15)

    AirbnbVrbo

  • Smoky Mountain Cabin: Perfect Central Location

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

    Revenue $1,694ADR $141Occ ≈ 3%—

    Airbnb

  • Rustic Cabin Retreat in Sky Harbor | Sleeps 8-10 |

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

    Revenue $27,374ADR $205Occ ≈ 37%4.8★ (23)

    AirbnbVrbo

  • Amazing Log Chalet, Scenic, Mountain View’s, Quiet

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

    Revenue $47,565ADR $209Occ ≈ 62%5★ (328)

    AirbnbVrbo

  • Bear's Den in Pigeon Forge #unforgettable 2 bedroom w/ Gameroom & Full Theater!

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.2 mi

    Revenue $39,003ADR $178Occ ≈ 60%4★ (118)

    Vrbo

  • Fun Cabin with Swimming | Pets Allowed!

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

    Revenue $93,788ADR $381Occ ≈ 67%4.6★ (17)

    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
Term

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

Est. revenue

$63,490

NOI

$34,352

Cash flow /mo

-$1,448

Cash needed

$247,978

Cash-on-cash

-7.0%

ROE (yr 1)

4.8%

Cap rate

4.3%

DSCR

0.66

Year-1 write-off

$250,351

Year-1 tax shield @ 32%

$80,112

Year-1 return on equity

  • Cash flow (annual)-$17,374
  • Principal paydown$5,235
  • Appreciation at%$23,998
ROE4.8%
ROE incl. year-1 tax savings (32% bracket, STR loophole)37.1%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$12,698
  • Platform fees (3% of revenue)$1,905
  • Maintenance / capex (5% of revenue)$3,175
  • Utilities & supplies$4,200
  • HOA$336
  • Property tax$2,025
  • Insurance (STR-rated)$4,800

Cash needed to close

  • Down payment (25%)$199,981
  • Closing costs (4.0%)$31,997
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$80,112

No county tax record split for property tax, insurance rate and the land/building split, so those use market defaults — edit the price above; 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

$680,000

Short-life (5/15-yr)

$233,000 · 34%

Year-1 deduction

$250,000

Year-1 tax shield @ 32%

$80,000

Land 15% (market default, no usable tax-record split) · building $447,000 over 39 years · new furniture $16,000

Based on: 2,400 sq ft, built 2025, 2 bd / 3 ba, unfurnished, listing features (hot tub, pool, deck, fireplace, flooring types, appliance list, septic).

IRS-guide safe-harbor floor: $186,000 in year 1 (25% short-life, $60,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$109,100
  • Kitchen cabinetsdefault

    $11,100 new × 96% good × 1.28 allocation

    $13,600
  • Kitchen countertopsdefault

    $9,000 new × 96% good × 1.28 allocation

    $11,100
  • Decorative trimdefault

    $4,200 new × 96% good × 1.28 allocation

    $5,200
  • Mirrorsdefault

    $500 new × 92% good × 1.28 allocation

    $500
  • Shelvingdefault

    $900 new × 96% good × 1.28 allocation

    $1,100
  • Window coverings (24)default

    $6,000 new × 90% good × 1.28 allocation

    $6,900
  • Carpet, vinyl & laminate (100% of floors)listing

    $15,400 new × 92% good × 1.28 allocation

    $18,100
  • Kitchen & laundry equipment plumbingdefault

    $8,600 new × 98% good × 1.28 allocation

    $10,800
  • Kitchen, laundry & data equipment electricaldefault

    $5,200 new × 98% good × 1.28 allocation

    $6,500
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 92% good × 1.28 allocation

    $9,000
  • Hot tub (freestanding)listing

    $9,000 new × 90% good × 1.28 allocation

    $10,300
  • Furniture bought newlisting

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

    $16,000
15-year land improvements$139,800
  • Paving: driveway & walks (paved)default

    $10,200 new × 96% good × 1.28 allocation

    $12,500
  • Landscaping (typical)default

    $9,800 new × 96% good × 1.28 allocation

    $12,000
  • Patiosdefault

    $2,400 new × 96% good × 1.28 allocation

    $2,900
  • Decks & porches (attached)listing

    $27,000 new × 95% good × 1.28 allocation

    $32,800
  • Pool (in-ground)listing

    $65,000 new × 96% good × 1.28 allocation

    $79,700
Building, 39-year$447,000
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $260,900 new × 98% good × 1.28 allocation

    $327,700
  • Building plumbing & fixturesdefault

    $27,000 new × 98% good × 1.28 allocation

    $33,800
  • Building electrical & lightingdefault

    $27,700 new × 98% good × 1.28 allocation

    $34,700
  • HVACdefault

    $27,000 new × 95% good × 1.28 allocation

    $32,800
  • Fireplacelisting

    $2,600 new × 96% good × 1.28 allocation

    $3,200
  • Septic systemlisting

    $12,000 new × 96% good × 1.28 allocation

    $14,700

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$109,100$139,800$1,400$250,400
2$0$0$11,500$11,500
3$0$0$11,500$11,500
4$0$0$11,500$11,500
5$0$0$11,500$11,500
6+$0$0$399,700$399,700
Total$109,100$139,800$447,000$695,900

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.