STR Yield
← Back to deals
MortgageCash

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

1259 Stewart St

1259 Stewart St

Sevierville, TN 37876

$499,900

3 bd · 2 ba · 1,810 sqft · Listed today

View on Realtor.com →
Est. land %Negative cash flow

Year built

2026

Sqft

1,810

Lot sqft

19,602

HOA / mo

None

Furnished

No

List date

2026-10-11T03:25:12.000000Z

Revenue

Annual revenue

$35,480

ADR

$182

Occupancy

53%

Cleaning fees (12 mo)

$7,850

Confidence

Med (58.85), 12 comps

Comp revenue range (p25 / median / p75)

$21,857$33,556$40,896

Median revenue of shown comps: $33,556

  • Peaceful Sevierville Home w/ Private Hot Tub!

    House · 3 bd · 3 ba · sleeps 8 · 0.9 mi

    • Hot tub
    • A/C
    • Wifi
    • Kitchen
    • +3

    Revenue $37,809ADR $221Occ ≈ 47%4.4★ (80)

    AirbnbVrboBooking

  • Private Hot Tub: Serene Family Home in Sevierville

    House · 3 bd · 2.5 ba · sleeps 6 · 1.7 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $17,220ADR $280Occ ≈ 17%4.7★ (16)

    AirbnbVrboBooking

  • So Much Fun Your Head Will Spin!

    House · 3 bd · 2 ba · sleeps 6 · 1.8 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $35,779ADR $215Occ ≈ 46%4.8★ (44)

    AirbnbVrbo

  • Woodland Chalet - Hike Trails on 6 Private Acres

    Cabin · 3 bd · 2 ba · sleeps 6 · 1.8 mi

    Revenue $43,039ADR $196Occ ≈ 60%3.9★ (66)

    AirbnbBooking

  • Unique Cabin・Mountain View・Hot Tub・Grill・Game Room

    Cabin · 3 bd · 2 ba · sleeps 6 · 1.9 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $22,799ADR $196Occ ≈ 32%4.2★ (12)

    AirbnbVrboBooking

  • Unique cabin with amazing mountain views, pond access, wifi, & close to shopping

    Cabin · 3 bd · 2 ba · sleeps 6 · 1.9 mi

    Revenue $40,181ADR $230Occ ≈ 48%—

    Delisted

  • Sunny beautiful 3 BR house mountain view

    House · 3 bd · 3 ba · sleeps 6 · 2.0 mi

    Revenue $19,029ADR $187Occ ≈ 28%5★ (11)

    Delisted

  • New listing!-Entire Home, Dog Friendly, Hot Tub

    House · 3 bd · 2 ba · sleeps 6 · 2.1 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $31,332ADR $178Occ ≈ 48%4.8★ (25)

    AirbnbVrbo

  • Country Cabin, Fully fenced area for pets

    Cabin · 3 bd · 2 ba · sleeps 9 · 2.1 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +3

    Revenue $45,039ADR $261Occ ≈ 47%4.6★ (58)

    AirbnbVrboBooking

  • Game Room | Hot tub | Fire pit | Dog friendly

    House · 3 bd · 2 ba · sleeps 6 · 2.2 mi

    Revenue $8,011ADR $321Occ ≈ 7%5★ (52)

    Airbnb

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

$35,480

NOI

$18,235

Cash flow /mo

-$1,271

Cash needed

$164,471

Cash-on-cash

-9.3%

ROE (yr 1)

1.7%

Cap rate

3.6%

DSCR

0.54

Year-1 write-off

$114,539

Year-1 tax shield @ 32%

$36,652

Year-1 return on equity

  • Cash flow (annual)-$15,249
  • Principal paydown$3,040
  • Appreciation at%$14,997
ROE1.7%

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)$7,096
  • Platform fees (3% of revenue)$1,064
  • Maintenance / capex (5% of revenue)$1,774
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$111
  • Insurance (STR-rated)$2,999

Cash needed to close

  • Down payment (25%)$124,975
  • Closing costs (4.0%)$19,996
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$36,652

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

$425,000

Short-life (5/15-yr)

$95,000 · 22%

Year-1 deduction

$115,000

Year-1 tax shield @ 32%

$37,000

Land 15% (market default, no usable tax-record split) · building $330,000 over 39 years · new furniture $20,000

Based on: 1,810 sq ft, built 2026, 3 bd / 2 ba, unfurnished, listing features (patio, fireplace, stone counters, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $82,000 in year 1 (15% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$80,500

  • Kitchen cabinetsdefault

    $9,800 new × 100% good × 1.24 allocation

    $12,100

  • Kitchen countertops (stone)listing

    $10,000 new × 100% good × 1.24 allocation

    $12,400

  • Decorative trimdefault

    $3,200 new × 100% good × 1.24 allocation

    $3,900

  • Mirrorsdefault

    $300 new × 100% good × 1.24 allocation

    $400

  • Shelvingdefault

    $1,200 new × 100% good × 1.24 allocation

    $1,500

  • Window coverings (18)default

    $4,500 new × 100% good × 1.24 allocation

    $5,600

  • Carpet, vinyl & laminate (40% of floors)default

    $4,700 new × 100% good × 1.24 allocation

    $5,800

  • Kitchen & laundry equipment plumbingdefault

    $7,600 new × 100% good × 1.24 allocation

    $9,400

  • Kitchen, laundry & data equipment electricaldefault

    $4,600 new × 100% good × 1.24 allocation

    $5,700

  • Appliances (range, microwave, dishwasher)listing

    $3,500 new × 100% good × 1.24 allocation

    $4,300

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$33,700

  • Paving: driveway & walks (paved)default

    $8,800 new × 100% good × 1.24 allocation

    $10,900

  • Landscaping (typical)default

    $8,500 new × 100% good × 1.24 allocation

    $10,500

  • Patioslisting

    $8,100 new × 100% good × 1.24 allocation

    $10,100

  • Decks & porches (attached)default

    $1,800 new × 100% good × 1.24 allocation

    $2,200
Building, 39-year$330,200

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

    $196,300 new × 100% good × 1.24 allocation

    $242,900

  • Building plumbing & fixturesdefault

    $20,400 new × 100% good × 1.24 allocation

    $25,200

  • Building electrical & lightingdefault

    $20,200 new × 100% good × 1.24 allocation

    $25,000

  • HVACdefault

    $20,400 new × 100% good × 1.24 allocation

    $25,200

  • Hardwood & tile floorsdefault

    $7,000 new × 100% good × 1.24 allocation

    $8,600

  • Fireplacelisting

    $2,600 new × 100% good × 1.24 allocation

    $3,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$80,500$33,700$400$114,500
2$0$0$8,500$8,500
3$0$0$8,500$8,500
4$0$0$8,500$8,500
5$0$0$8,500$8,500
6+$0$0$296,000$296,000
Total$80,500$33,700$330,200$444,400

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.