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Rate 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium

1502 Ridgecrest Dr

1502 Ridgecrest Dr

Sevierville, TN 37876

$399,900

2 bd · 2 ba · 1,126 sqft · Listed 1d ago

View on Realtor.com →
Low confidenceNegative cash flow

Year built

1992

Sqft

1,126

Lot sqft

16,553

HOA / mo

$0

Furnished

No

List date

2026-10-23T13:16:41.000000Z

Revenue

Annual revenue

$44,566

ADR

$199

Occupancy

61%

Cleaning fees (12 mo)

$9,119

Confidence

Low (35.26), 49 comps

Comp revenue range (p25 / median / p75)

$18,992$39,924$55,858

Median revenue of shown comps: $38,208

  • Black Bear Ridge | Hot Tub • Fishing • Pool Access

    House · 2 bd · 2 ba · sleeps 4 · 161 ft

    Revenue $507ADR $169Occ ≈ 1%—

    Airbnb

  • Bear Country:S/Secluded*HotTub*Wifi*FirePit*H/moon

    Cabin · 2 bd · 2 ba · sleeps 4 · 256 ft

    Revenue $19,109ADR $305Occ ≈ 17%2.8★ (4)

    AirbnbVrbo

  • The Hunny Pot

    Cabin · 2 bd · 1 ba · sleeps 4 · 282 ft

    Revenue $15,148ADR $232Occ ≈ 18%5★ (20)

    AirbnbVrbo

  • Secluded Cozy Cabin • Hot Tub • Fire Pit

    Cabin · 2 bd · 2 ba · sleeps 6 · 285 ft

    Revenue $66,187ADR $192Occ ≈ 94%4.8★ (76)

    AirbnbVrboBooking

  • Snuggle Inn*Easy Access/NO MTN Rds *Cozy*Sleeps 6

    Cabin · 2 bd · 2 ba · sleeps 6 · 394 ft

    Revenue $45,200ADR $205Occ ≈ 60%4.7★ (10)

    AirbnbVrbo

  • Over The Moon

    Cabin · 2 bd · 2 ba · sleeps 6 · 423 ft

    Revenue $13,625ADR $205Occ ≈ 18%—

    Airbnb

  • Serene Cabin, Sleeps 8, Screened Porch, Games, Gri

    Cabin · 2 bd · 2 ba · sleeps 8 · 499 ft

    Revenue $24,896ADR $157Occ ≈ 43%3.5★ (29)

    AirbnbVrboBooking

  • Heaven on Earth - Pet Friendly & Secluded

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

    Revenue $50,473ADR $261Occ ≈ 53%3.5★ (27)

    AirbnbVrbo

  • 1BR log cabin sleeps 4 with screened-in hot tub and 1 free Dollywood ticket!

    Chalet · 2 bd · 1 ba · sleeps 4 · 0.1 mi

    Revenue $36,231ADR $165Occ ≈ 60%—

    Booking

  • Dogwood Acres - Foosball, Wi-Fi, Pet Friendly

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

    Revenue $56,487ADR $247Occ ≈ 63%4.2★ (32)

    AirbnbVrboBooking

Show 39 more
  • FALL Magic | 2 King Beds | Cedar Brooke Haven

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

    Revenue $9,036ADR $210Occ ≈ 12%4.9★ (11)

    AirbnbVrbo

  • Serene Cabin, Sleeps 8・Screened Porch・Games・Grill

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

    Revenue $3,063ADR $102Occ ≈ 8%—

    Airbnb

  • Summer Spa Cabin! HotTub & Sauna, Oh My! King Beds

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

    Revenue $63,809ADR $233Occ ≈ 75%4.8★ (38)

    Airbnb

  • Small, pet friendly, cozy cabin with jacuzzi

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.1 mi

    Revenue $9,258ADR $180Occ ≈ 14%3.6★ (8)

    Airbnb

  • King Beds, Hot Tub, Fireplace

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

    Revenue $14,719ADR $1,813Occ ≈ 2%—

    Airbnb

  • Zen Zone - Spa Cabin! Hot Tub & Sauna! King Beds

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

    Revenue $64,993ADR $237Occ ≈ 75%4.7★ (145)

    AirbnbVrbo

  • Single Level Cabin | HotTub | View | Pets | GameRm

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

    Revenue $53,948ADR $233Occ ≈ 63%4.8★ (165)

    AirbnbVrboBooking

  • Divine Retreat, private, great location

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

    Revenue $24,741ADR $220Occ ≈ 31%4.5★ (28)

    AirbnbVrbo

  • Winter Fun private cabin 4 mi to Parkway

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

    Revenue $26,384ADR $275Occ ≈ 26%4.5★ (28)

    Airbnb

  • Splendid Spacious Cabin with Jacuzzi and Beautiful Private Deck in Sevierville, Tennessee

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

    Revenue $37,959ADR $404Occ ≈ 26%—

    Vrbo

  • Hot tub, Arcade, Close to Attractions!

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

    Revenue $47,180ADR $199Occ ≈ 65%4.8★ (278)

    AirbnbVrbo

  • Hilltop retreat near all the attractions!

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

    Revenue $2,619ADR $133Occ ≈ 5%5★ (1)

    Airbnb

  • Hidden Mountain Retreat | Hot tub | Pool Table

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.2 mi

    Revenue $30,481ADR $221Occ ≈ 38%4.8★ (23)

    AirbnbVrbo

  • Cozy Cabin Escape with Hot Tub & Fireplace

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.2 mi

    Revenue $58,960ADR $219Occ ≈ 74%4.7★ (265)

    AirbnbVrboBooking

  • Secluded, Good View, Close to Town, HotTub, Rustic

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

    Revenue $47,945ADR $206Occ ≈ 64%5★ (62)

    AirbnbVrbo

  • A Trinity View , Relax & Unwind Cabin with Games, Hot Tub & Plenty of Space

    Chalet · 2 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $63,655ADR $222Occ ≈ 79%—

    Booking

  • Comfort Zone by Venture Smoky Mountains

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $66,622ADR $271Occ ≈ 67%—

    Booking

  • Smokies Sanctuary – Hot Tub, Fire Pit, Mtn Views

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.3 mi

    Revenue $73,321ADR $300Occ ≈ 67%4.9★ (183)

    AirbnbVrboBooking

  • Private Hideaway near Pigeon Forge; Convenient to Attractions; Five-Star Reviews

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

    Revenue $38,208ADR $198Occ ≈ 53%4.9★ (245)

    Vrbo

  • Cozy Smoky Mtn Cabin! Hottub, Pool Access, Central

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

    Revenue $29,259ADR $189Occ ≈ 42%4.8★ (21)

    Airbnb

  • White Pine Cabin FirePit, Golf, coffe bar, 5m 2 PF

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $35,442ADR $252Occ ≈ 39%5★ (19)

    AirbnbVrbo

  • Private 2BR*Firepit*Hot Tub*Swim Spa*Arcade*Quiet!

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

    Revenue $53,969ADR $233Occ ≈ 63%4.9★ (41)

    AirbnbVrbo

  • Robin's Roost - A Great cabin for family getaway

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $18,953ADR $189Occ ≈ 27%4.4★ (80)

    AirbnbVrboBooking

  • Robbins' Roost quaint, peaceful cabin Pigeon Forge TN

    Chalet · 2 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $21,386ADR $181Occ ≈ 32%—

    Booking

  • Mountain Views|Secluded|Hot Tub|Fire Pit|Arcade

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.3 mi

    Revenue $93,666ADR $279Occ ≈ 92%5★ (112)

    AirbnbVrbo

  • Rock Around the Clock by American Patriot Getaways

    Vacation home · 2 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $48,321ADR $216Occ ≈ 61%—

    Booking

  • Modern Family Cabin w/ Pool, Hot Tub & Game Room

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

    Revenue $125,717ADR $398Occ ≈ 87%4.8★ (134)

    AirbnbVrboBooking

  • Elmwood Lodge!

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.3 mi

    Revenue $7,426ADR $275Occ ≈ 7%4.8★ (11)

    AirbnbVrbo

  • Mountain Setting Large Screen in Back Porch offers Pool table and Hot Tub Private Setting

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

    Revenue $52,747ADR $222Occ ≈ 65%4.6★ (63)

    VrboBooking

  • *Secluded 2BD Cabin w/ Hot Tub! GAMES + Near TOWN*

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.3 mi

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

    Revenue $36,680ADR $205Occ ≈ 49%4.8★ (37)

    AirbnbVrbo

  • Relax in peaceful cabin, Free Wi-Fi, Beautiful view, special for July 150.

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

    Revenue $43,838ADR $178Occ ≈ 67%4.7★ (410)

    Vrbo

  • Robbins Roost

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +2

    Revenue $16,417ADR $161Occ ≈ 28%5★ (1)

    AirbnbVrbo

  • Charming Cabin w/ Hot Tub & Fire Pit

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $65,113ADR $249Occ ≈ 72%4★ (2)

    Airbnb

  • Smoky Mtn Retreat*Hot Tub*Fire Table*Pets OK

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $7,597ADR $194Occ ≈ 11%4.5★ (2)

    AirbnbVrboBooking

  • Bear Lodge • Hot Tub & Close to Pigeon Forge

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.4 mi

    Revenue $57,705ADR $254Occ ≈ 62%4.7★ (168)

    AirbnbVrboBooking

  • Amazing Views; Hot Tub, Fire pits, Sleeps 6

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $43,780ADR $221Occ ≈ 54%4.8★ (50)

    AirbnbVrbo

  • Secluded Wood Cabin w/ Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $5,269ADR $227Occ ≈ 6%4★ (2)

    Vrbo

  • Cozy Cabin! Hot tub & games! Recently Renovated!

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

    Revenue $45,274ADR $195Occ ≈ 64%4.9★ (141)

    AirbnbVrbo

  • Secluded Wood Cabin w/ Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $41,639ADR $244Occ ≈ 47%3.8★ (9)

    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 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium

Est. revenue

$44,566

NOI

$24,014

Cash flow /mo

-$214

Cash needed

$131,971

Cash-on-cash

-1.9%

ROE (yr 1)

9.0%

Cap rate

6.0%

DSCR

0.90

Year-1 write-off

$127,130

Year-1 tax shield @ 32%

$40,682

Year-1 return on equity

  • Cash flow (annual)-$2,571
  • Principal paydown$2,471
  • Appreciation at%$11,997
ROE9.0%

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)$8,913
  • Platform fees (3% of revenue)$1,337
  • Maintenance / capex (5% of revenue)$2,228
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$1,474
  • Insurance (STR-rated)$2,399

Cash needed to close

  • Down payment (25%)$99,975
  • Closing costs (4.0%)$15,996
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$40,682

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

$344,000

Short-life (5/15-yr)

$111,000 · 32%

Year-1 deduction

$127,000

Year-1 tax shield @ 32%

$41,000

Land 14% (county tax record, market value split) · building $233,000 over 39 years · new furniture $16,000

Based on: 1,126 sq ft, built 1992, 2 bd / 2 ba, unfurnished, listing features (hot tub, deck, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $85,000 in year 1 (20% short-life, $27,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$84,100
  • Kitchen cabinetsdefault

    $8,300 new × 40% good × 3.12 allocation

    $10,300
  • Kitchen countertopsdefault

    $6,800 new × 40% good × 3.12 allocation

    $8,400
  • Decorative trimdefault

    $2,000 new × 40% good × 3.12 allocation

    $2,500
  • Mirrorsdefault

    $300 new × 40% good × 3.12 allocation

    $400
  • Shelvingdefault

    $900 new × 40% good × 3.12 allocation

    $1,100
  • Window coverings (11)default

    $2,800 new × 40% good × 3.12 allocation

    $3,400
  • Carpet, vinyl & laminate (100% of floors)listing

    $7,200 new × 40% good × 3.12 allocation

    $9,000
  • Kitchen & laundry equipment plumbingdefault

    $6,400 new × 40% good × 3.12 allocation

    $8,000
  • Kitchen, laundry & data equipment electricaldefault

    $3,900 new × 40% good × 3.12 allocation

    $4,900
  • Appliances (range, dishwasher, refrigerator, washer, dryer)listing

    $7,000 new × 40% good × 3.12 allocation

    $8,700
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 3.12 allocation

    $11,200
  • Furniture bought newlisting

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

    $16,000
15-year land improvements$42,800
  • Paving: driveway & walks (paved)default

    $7,000 new × 50% good × 3.12 allocation

    $10,900
  • Landscaping (typical)default

    $6,700 new × 50% good × 3.12 allocation

    $10,400
  • Patiosdefault

    $1,100 new × 50% good × 3.12 allocation

    $1,700
  • Decks & porches (attached)listing

    $12,700 new × 50% good × 3.12 allocation

    $19,800
Building, 39-year$232,800
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $121,800 new × 43% good × 3.12 allocation

    $164,800
  • Building plumbing & fixturesdefault

    $12,600 new × 40% good × 3.12 allocation

    $15,800
  • Building electrical & lightingdefault

    $11,500 new × 40% good × 3.12 allocation

    $14,400
  • HVACdefault

    $12,700 new × 40% good × 3.12 allocation

    $15,800
  • Fireplacelisting

    $2,600 new × 40% good × 3.12 allocation

    $3,300
  • Septic systemlisting

    $12,000 new × 50% good × 3.12 allocation

    $18,700

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$84,100$42,800$200$127,100
2$0$0$6,000$6,000
3$0$0$6,000$6,000
4$0$0$6,000$6,000
5$0$0$6,000$6,000
6+$0$0$208,700$208,700
Total$84,100$42,800$232,800$359,700

The building's share of the price ($344,000) is 3.1x our depreciated replacement cost of the home ($110,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.

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.