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

4224 Chamberlain Ln

4224 Chamberlain Ln

Sevierville, TN 37862

$569,900

2 bd · 2 ba · 1,536 sqft · Listed 5d ago

View on Realtor.com →
Rental historyNegative cash flow

Year built

2004

Sqft

1,536

Lot sqft

52,272

HOA / mo

None

Furnished

No

List date

2026-09-22T15:47:13Z

Revenue

Annual revenue

$58,282

ADR

$244

Occupancy

65%

Cleaning fees (12 mo)

$10,784

Confidence

Med (58.41), 49 comps

Comp revenue range (p25 / median / p75)

$38,221$58,849$73,713

  • 2BR, views, hot tub, sleeps 10.

    2 bd · 3 ba · sleeps 10 · 135 ft

    Revenue —ADR $288Occ ≈ —4.8★ (113)

    AirbnbVrbo

  • Secluded Cabin | Pool Access | Arcade & Hot Tub

    2 bd · 2 ba · sleeps 6 · 194 ft

    Revenue —ADR $224Occ ≈ —4.8★ (169)

    AirbnbVrbo

  • Mtn View/Dollywood/HotTub/Fireplaces/No Steep Road

    2 bd · 2.5 ba · sleeps 8 · 236 ft

    Revenue —ADR $281Occ ≈ —5★ (216)

    AirbnbVrbo

  • His Amazing Grace by Eden Crest

    2 bd · 3 ba · sleeps 10 · 0.1 mi

    Revenue —ADR $338Occ ≈ —5★ (4)

    —

  • Enormous Wooden Cabin with Hot-Tub, Game Room and Barbecue in Sevierville, Tennessee

    2 bd · 3 ba · sleeps 10 · 0.1 mi

    Revenue —ADR $720Occ ≈ ——

    —

  • Campfire Lodge two-bedroom close to Great Smoky Mountain National Park

    2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue —ADR $207Occ ≈ ——

    Vrbo

  • Bear Haven - Mountain View Cabin with Private Hot

    2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue —ADR $217Occ ≈ —4.9★ (106)

    AirbnbVrbo

  • Amazing 2BD Cabin w/ VIEWS! Hot Tub

    2 bd · 2.5 ba · sleeps 6 · 0.2 mi

    Revenue —ADR $224Occ ≈ —5★ (38)

    AirbnbVrbo

  • Ridgeline Hideaway | 2BR Cabin in Wears Valley

    2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue —ADR $230Occ ≈ —5★ (18)

    AirbnbVrbo

  • Ain't No Mountain High Enough

    2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue —ADR $645Occ ≈ ——

    —

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

$58,282

NOI

$32,378

Cash flow /mo

-$373

Cash needed

$187,271

Cash-on-cash

-2.4%

ROE (yr 1)

8.7%

Cap rate

5.7%

DSCR

0.88

Year-1 write-off

$136,713

Year-1 tax shield @ 32%

$43,748

Year-1 return on equity

  • Cash flow (annual)-$4,474
  • Principal paydown$3,729
  • Appreciation at%$17,097
ROE8.7%
ROE incl. year-1 tax savings (32% bracket, STR loophole)32.1%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$11,656
  • Platform fees (3% of revenue)$1,748
  • Maintenance / capex (5% of revenue)$2,914
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$1,966
  • Insurance (STR-rated)$3,419

Cash needed to close

  • Down payment (25%)$142,475
  • Closing costs (4.0%)$22,796
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$43,748

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

$491,000

Short-life (5/15-yr)

$114,000 · 23%

Year-1 deduction

$137,000

Year-1 tax shield @ 32%

$44,000

Land 14% (county tax record, market value split) · building $377,000 over 39 years · new furniture $22,000

Based on: 1,536 sq ft, built 2004, 2 bd / 2 ba, unfurnished, listing features (hot tub, deck, patio, game room, fireplace, flooring types, wooded lot).

IRS-guide safe-harbor floor: $90,000 in year 1 (14% short-life, $29,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$85,500

  • Kitchen cabinetsdefault

    $9,200 new × 40% good × 2.76 allocation

    $10,100

  • Kitchen countertopsdefault

    $7,500 new × 40% good × 2.76 allocation

    $8,300

  • Decorative trimdefault

    $2,700 new × 40% good × 2.76 allocation

    $3,000

  • Mirrorsdefault

    $300 new × 40% good × 2.76 allocation

    $300

  • Shelvingdefault

    $900 new × 40% good × 2.76 allocation

    $1,000

  • Window coverings (15)default

    $3,800 new × 40% good × 2.76 allocation

    $4,100

  • Kitchen & laundry equipment plumbingdefault

    $7,100 new × 56% good × 2.76 allocation

    $11,000

  • Kitchen, laundry & data equipment electricaldefault

    $4,300 new × 56% good × 2.76 allocation

    $6,700

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

    $8,100 new × 40% good × 2.76 allocation

    $9,000

  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.76 allocation

    $9,900

  • 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$50,000

  • Paving: driveway & walks (paved)default

    $8,100 new × 50% good × 2.76 allocation

    $11,200

  • Landscaping (minimal)listing

    $3,900 new × 50% good × 2.76 allocation

    $5,400

  • Patioslisting

    $6,900 new × 50% good × 2.76 allocation

    $9,500

  • Decks & porches (attached)listing

    $17,300 new × 50% good × 2.76 allocation

    $23,900
Building, 39-year$377,100

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $166,600 new × 63% good × 2.76 allocation

    $291,600

  • Building plumbing & fixturesdefault

    $17,300 new × 56% good × 2.76 allocation

    $26,700

  • Building electrical & lightingdefault

    $16,700 new × 56% good × 2.76 allocation

    $25,900

  • HVACdefault

    $17,300 new × 40% good × 2.76 allocation

    $19,100

  • Hardwood & tile floorsdefault

    $9,900 new × 40% good × 2.76 allocation

    $10,900

  • Fireplacelisting

    $2,600 new × 40% good × 2.76 allocation

    $2,900

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$85,500$50,000$1,200$136,700
2$0$0$9,700$9,700
3$0$0$9,700$9,700
4$0$0$9,700$9,700
5$0$0$9,700$9,700
6+$0$0$337,200$337,200
Total$85,500$50,000$377,100$512,600

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.