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Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

2607 Sunset Cir

2607 Sunset Cir

Sevierville, TN 37862

$799,000

3 bd · 3 ba · 3,352 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2008

Sqft

3,352

Lot sqft

20,038

HOA / mo

$63

Furnished

No

List date

2026-10-11T21:51:13.000000Z

Revenue

Annual revenue

$54,546

ADR

$236

Occupancy

63%

Cleaning fees (12 mo)

$10,243

Confidence

Low (51.39), 50 comps

Comp revenue range (p25 / median / p75)

$27,749$49,893$66,920

Median revenue of shown comps: $48,682

  • *Gated Community* Relaxing 3BD Cabin w/ HOT TUB!

    Cabin · 3 bd · 3 ba · sleeps 10 · 233 ft

    Revenue $69,544ADR $306Occ ≈ 62%4.8★ (24)

    AirbnbVrbo

  • The Secluded Hideaway

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $18,287ADR $194Occ ≈ 26%—

    Booking

  • Stunning 2 bedroom with a hot tub and fireplace in an exclusive gated community with seasonal pool!

    Chalet · 3 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $25,625ADR $183Occ ≈ 38%—

    Booking

  • Mountaintop Log Cabin with Hot Tub, Pool & Fire Pi

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.1 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $15,109ADR $285Occ ≈ 15%4.8★ (4)

    AirbnbVrboBooking

  • 3BR Gated Getaway・Private Hot Tub・Resort Access

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.1 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +4

    Revenue $38,261ADR $233Occ ≈ 45%4.2★ (11)

    AirbnbVrboBooking

  • Creekside Haven~Pigeon Forge-Smoky Mountains

    House · 3 bd · 3 ba · sleeps 8 · 0.1 mi

    Revenue $34,414ADR $250Occ ≈ 38%4.5★ (18)

    AirbnbVrbo

  • Valley View

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.1 mi

    Revenue $38,527ADR $197Occ ≈ 54%4.5★ (87)

    AirbnbVrbo

  • 3BR w/ hot tub, games, & free attraction tickets

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

    Revenue $34,280ADR $300Occ ≈ 31%4.9★ (5)

    AirbnbBooking

  • UNFORGETTABLE VIEWS⭐️Private⭐️Hot Tub⭐️Nature

    Cabin · 3 bd · 3 ba · sleeps 9 · 0.2 mi

    Revenue $67,680ADR $277Occ ≈ 67%5★ (315)

    AirbnbVrbo

  • New Cabin - Dollywood - Gatlinburg - Smokies - View! - Hot Tub - Pigeon Forge

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

    Revenue $50,588ADR $348Occ ≈ 40%—

    Delisted

Show 37 more
  • Wellness & Wilderness - 3b/3.5 bath Family Retreat

    Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.2 mi

    Revenue $27,465ADR $400Occ ≈ 19%5★ (8)

    AirbnbVrbo

  • Tennessee Sunrise | Views, WiFi & King Suites

    Cabin · 3 bd · 3.5 ba · sleeps 6 · 0.2 mi

    Revenue $11,493ADR $310Occ ≈ 10%5★ (1)

    AirbnbVrboBooking

  • *Amazing 3BD Cabin w/ Theater! Pool + GAMES!*

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.2 mi

    Revenue $64,641ADR $253Occ ≈ 70%4.3★ (52)

    AirbnbVrbo

  • PrivateTreehouse w/Level/Paved Prkng,Hot Tub,Pool!

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.2 mi

    Revenue $21,305ADR $450Occ ≈ 13%5★ (12)

    Airbnb

  • Fun & Funner! Mountain view family cabin / Pinball

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.2 mi

    Revenue $61,516ADR $461Occ ≈ 37%5★ (73)

    AirbnbVrbo

  • 3 BR w/ Fire Pit, WiFi, Game Room, Pool Table

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.2 mi

    Revenue $90,988ADR $353Occ ≈ 71%5★ (83)

    AirbnbVrboBooking

  • Whispering Oak

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.2 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $26,132ADR $424Occ ≈ 17%4.5★ (7)

    AirbnbVrbo

  • 3BR w/Hot Tub*Putting Green*Firepit*Fireplace

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $41,840ADR $241Occ ≈ 48%4.8★ (17)

    AirbnbVrbo

  • Fall Deals! Quiet 3BR*Fireplace*Games*Privacy!

    Cabin · 3 bd · 2.5 ba · sleeps 7 · 0.3 mi

    Revenue $51,323ADR $238Occ ≈ 59%4.8★ (90)

    AirbnbVrbo

  • New Cabin - Views! - Smokies - Hot tub - Game Room - Full Kitchen - Gatlinburg

    Cabin · 3 bd · 2.5 ba · sleeps 6 · 0.3 mi

    Revenue $39,635ADR $347Occ ≈ 31%5★

    Delisted

  • Fall Deals! Quiet 3BR*Resort Amenities*Families

    Cabin · 3 bd · 2.5 ba · sleeps 7 · 0.3 mi

    Revenue $22,529ADR $244Occ ≈ 25%4.5★ (7)

    Airbnb

  • Secluded and Peaceful Location Close to Town

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $39,945ADR $228Occ ≈ 48%4.5★ (17)

    AirbnbVrboBooking

  • Cozy 3BD Cabin w/ VIEWS! Hot Tub + Great Location!

    House · 3 bd · 2.5 ba · sleeps 10 · 0.3 mi

    Revenue $68,135ADR $276Occ ≈ 68%5★ (21)

    AirbnbVrbo

  • Whispering Oak

    Vacation home · 3 bd · 3 ba · sleeps 10 · 0.3 mi

    Revenue $25,493ADR $359Occ ≈ 19%—

    Booking

  • Cabin in the Stream - Play in the nearby stream!

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $62,164ADR $365Occ ≈ 47%3.7★ (7)

    AirbnbVrboBooking

  • Whispering Oak - Hot tub and game room!

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.3 mi

    Revenue $104,722ADR $372Occ ≈ 77%3.5★ (6)

    AirbnbVrbo

  • Mountain Views | Putt Putt | Tennis + Pickle Ball

    Cabin · 3 bd · 2 ba · sleeps 9 · 0.3 mi

    Revenue $69,884ADR $206Occ ≈ 93%4.7★ (203)

    Airbnb

  • FreeDollywoodTix + Pool + Secluded + Modern + Hot Tub

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.3 mi

    Revenue $53,974ADR $284Occ ≈ 52%5★ (30)

    AirbnbVrbo

  • Hatcher Top Hideout By Avada Properties

    Vacation home · 3 bd · 3 ba · sleeps 10 · 0.3 mi

    Revenue $20,133ADR $182Occ ≈ 30%—

    Booking

  • New! Cabin w/ views, hot tub, pickelball, private!

    Cabin · 3 bd · 2 ba · sleeps 9 · 0.3 mi

    Revenue $22,253ADR $259Occ ≈ 24%4.3★ (3)

    AirbnbVrbo

  • Serene Peak

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $62,806ADR $274Occ ≈ 63%4.9★ (76)

    AirbnbVrbo

  • Dollywood-Pigeon Forge-Gatlinburg-Smokies-View!

    Cabin · 3 bd · 2.5 ba · sleeps 6 · 0.3 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $77,247ADR $306Occ ≈ 69%5★ (88)

    AirbnbVrbo

  • Cozy Cabin - Fast Wifi - Gated Resort Pool/Tennis/Pickle - Game Room - Hot Tub

    Cabin · 3 bd · 2.5 ba · sleeps 6 · 0.3 mi

    Revenue $26,935ADR $387Occ ≈ 19%5★ (1)

    Delisted

  • *Amazing 3BD+Loft w/ GAMES! HOT TUB + Pool Access*

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.3 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $91,509ADR $370Occ ≈ 68%4.9★ (46)

    AirbnbVrbo

  • Aqua Quest Make a Splash, Rain or Shine

    Chalet · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $80,416ADR $334Occ ≈ 66%—

    Booking

  • Sunset Ridge | Hot Tub | Arcades | Resort Pool

    House · 3 bd · 3.5 ba · sleeps 10 · 0.4 mi

    Revenue $22,914ADR $293Occ ≈ 21%4.5★ (10)

    Airbnb

  • Sugar Maple Sunset

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $48,682ADR $250Occ ≈ 53%4.5★ (61)

    AirbnbVrbo

  • Rally Point, Creekside retreat in the Smokies`

    Cabin · 3 bd · 2.5 ba · sleeps 6 · 0.4 mi

    Revenue $50,229ADR $224Occ ≈ 61%4.7★ (222)

    AirbnbVrbo

  • 3 BR w/ New Furniture, Hot Tub, Wi-Fi, Pool Access

    Cabin · 3 bd · 3 ba · sleeps 9 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $69,996ADR $310Occ ≈ 62%4.4★ (129)

    AirbnbVrboBooking

  • New A-Frame + Hot Tub + Iconic Mountain View

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $49,557ADR $320Occ ≈ 42%5★ (45)

    AirbnbVrboBooking

  • Mountain Sunrise Retreat • Hot Tub • Arcade

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $75,557ADR $326Occ ≈ 63%4.9★ (191)

    AirbnbVrbo

  • Upscale Cabin w/ Mtn Views, Hot Tub, & Arcade

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $92,862ADR $329Occ ≈ 77%5★ (231)

    AirbnbVrbo

  • Gated Resort - Private Pool - Dog Friendly

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +7

    Revenue $112,198ADR $481Occ ≈ 64%5★ (4)

    AirbnbVrbo

  • Cozy 3BD Home near CREEK | Hot tub + 24/7 Security

    House · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $36,054ADR $252Occ ≈ 39%5★ (3)

    Airbnb

  • LAZY DAYS Cabin for 6 with 2 Decks, View, Hot Tub, Wifi, Pool, Gated

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $44,366ADR $320Occ ≈ 38%4.4★ (7)

    Booking

  • Clearfork Farm

    Cottage · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $28,602ADR $187Occ ≈ 42%4.7★ (183)

    Airbnb

  • a beautiful view

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.4 mi

    Revenue $62,659ADR $272Occ ≈ 63%4.7★ (341)

    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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

Est. revenue

$54,546

NOI

$26,914

Cash flow /mo

-$2,217

Cash needed

$257,210

Cash-on-cash

-10.3%

ROE (yr 1)

0.9%

Cap rate

3.4%

DSCR

0.50

Year-1 write-off

$152,034

Year-1 tax shield @ 32%

$48,651

Year-1 return on equity

  • Cash flow (annual)-$26,605
  • Principal paydown$4,859
  • Appreciation at%$23,970
ROE0.9%

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)$10,909
  • Platform fees (3% of revenue)$1,636
  • Maintenance / capex (5% of revenue)$2,727
  • Utilities & supplies$4,200
  • HOA$756
  • Property tax$2,609
  • Insurance (STR-rated)$4,794

Cash needed to close

  • Down payment (25%)$199,750
  • Closing costs (4.0%)$31,960
  • Furnishing (bought new)$25,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$48,651

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

$772,000

Short-life (5/15-yr)

$126,000 · 16%

Year-1 deduction

$152,000

Year-1 tax shield @ 32%

$49,000

Land 3% (county tax record, market value split) · building $646,000 over 39 years · new furniture $26,000

Based on: 3,352 sq ft, built 2008, 3 bd / 3 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $92,000 in year 1 (8% short-life, $29,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$89,400
  • Kitchen cabinetsdefault

    $13,100 new × 40% good × 1.92 allocation

    $10,100
  • Kitchen countertopsdefault

    $10,800 new × 40% good × 1.92 allocation

    $8,300
  • Decorative trimdefault

    $5,900 new × 40% good × 1.92 allocation

    $4,500
  • Mirrorsdefault

    $500 new × 40% good × 1.92 allocation

    $300
  • Shelvingdefault

    $1,200 new × 40% good × 1.92 allocation

    $900
  • Window coverings (34)default

    $8,500 new × 40% good × 1.92 allocation

    $6,500
  • Kitchen & laundry equipment plumbingdefault

    $10,200 new × 64% good × 1.92 allocation

    $12,600
  • Kitchen, laundry & data equipment electricaldefault

    $6,200 new × 64% good × 1.92 allocation

    $7,600
  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)listing

    $8,100 new × 40% good × 1.92 allocation

    $6,200
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 1.92 allocation

    $6,900
  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$61,900
  • Paving: driveway & walks (paved)default

    $12,000 new × 50% good × 1.92 allocation

    $11,500
  • Landscaping (typical)default

    $11,500 new × 50% good × 1.92 allocation

    $11,100
  • Patiosdefault

    $3,300 new × 50% good × 1.92 allocation

    $3,200
  • Decks & porches (attached)listing

    $37,700 new × 50% good × 1.92 allocation

    $36,200
Building, 39-year$646,000
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $364,600 new × 70% good × 1.92 allocation

    $489,600
  • Building plumbing & fixturesdefault

    $37,800 new × 64% good × 1.92 allocation

    $46,400
  • Building electrical & lightingdefault

    $39,800 new × 64% good × 1.92 allocation

    $48,800
  • HVACdefault

    $37,800 new × 40% good × 1.92 allocation

    $29,000
  • Hardwood & tile floorsdefault

    $21,600 new × 40% good × 1.92 allocation

    $16,600
  • Fireplaces (2)listing

    $5,300 new × 40% good × 1.92 allocation

    $4,000
  • Septic systemlisting

    $12,000 new × 50% good × 1.92 allocation

    $11,500

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$89,400$61,900$700$152,000
2$0$0$16,600$16,600
3$0$0$16,600$16,600
4$0$0$16,600$16,600
5$0$0$16,600$16,600
6+$0$0$579,000$579,000
Total$89,400$61,900$646,000$797,300

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.