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

3056 Birds Creek Rd

3056 Birds Creek Rd

Sevierville, TN 37876

$448,000

3 bd · 2.5 ba · 2,142 sqft · Listed 1d ago

View on Realtor.com →

Year built

1978

Sqft

2,142

Lot sqft

21,780

HOA / mo

None

Furnished

No

List date

2026-09-28T22:37:00.000000Z

Revenue

Annual revenue

$51,720

ADR

$236

Occupancy

60%

Cleaning fees (12 mo)

$7,978

Confidence

Low (45.64), 47 comps

Comp revenue range (p25 / median / p75)

$28,702$47,036$66,241
  • Little Bear Getaway by Avada Properties

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

    Revenue $29,243ADR $133Occ ≈ 60%5★ (2)

    Booking

  • Catons Chapel: Free Tickets, Hot Tub, New Property, Fire Pit, Game room

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.2 mi

    Revenue $41,826ADR $300Occ ≈ 38%4.5★ (2)

    VrboBooking

  • Secluded Cabin w/ Mountain Views, Hot Tub, + Games

    Cabin · 3 bd · 3.5 ba · sleeps 12 · 0.3 mi

    Revenue $68,228ADR $391Occ ≈ 48%4.6★ (21)

    AirbnbVrbo

  • Secluded Cabin with Mountain Views Hot Tub Games

    Vacation home · 3 bd · 3 ba · sleeps 12 · 0.3 mi

    Revenue $63,709ADR $325Occ ≈ 54%—

    Booking

  • Dolly’s Backyard|15 minutes from Dollywood|Hot Tub

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

    Revenue $24,641ADR $275Occ ≈ 25%5★ (20)

    Airbnb

  • Indoor Pool*Putt Putt*Arcades*Sauna*Hot Tub*EV Chg

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.4 mi

    Revenue $95,265ADR $585Occ ≈ 45%4.9★ (43)

    AirbnbVrbo

  • *Renovated* | Family Fun | Theatre | Hot Tub| Pets

    House · 3 bd · 2 ba · sleeps 10 · 0.4 mi

    Revenue $7,516ADR $285Occ ≈ 7%5★ (46)

    AirbnbVrboBooking

  • Dolly's Cozy Cabin - Hot Tub, Theater Room, Arcade

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.5 mi

    Revenue $63,133ADR $278Occ ≈ 62%4.8★ (6)

    AirbnbVrbo

  • Outdoor Retreat with Bar, TV, fire pit, & hot tub

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.5 mi

    Revenue $68,938ADR $330Occ ≈ 57%5★ (127)

    AirbnbVrboBooking

  • Dolly Ridge Retreat #1 in the mountains!

    Apartment · 3 bd · 3 ba · sleeps 6 · 0.5 mi

    Revenue $16,898ADR $135Occ ≈ 34%5★ (207)

    AirbnbVrbo

Show all 47 comps
  • Dolly Ridge Retreat #2 in the mountains!

    Apartment · 3 bd · 3 ba · sleeps 6 · 0.5 mi

    Revenue $15,752ADR $158Occ ≈ 27%4.9★ (191)

    AirbnbVrbo

  • Coat of Many Views by Beyond Expectations

    Apartment · 3 bd · 3 ba · sleeps 6 · 0.5 mi

    Revenue $20,706ADR $176Occ ≈ 32%4.9★ (5)

    AirbnbVrboBooking

  • Working 9 to Pine by Beyond Expectations with View

    Apartment · 3 bd · 3 ba · sleeps 7 · 0.5 mi

    Revenue $17,792ADR $205Occ ≈ 24%4.6★ (5)

    AirbnbVrboBooking

  • Working 9 to Pine by Beyond Expectations w Views

    Vacation home · 3 bd · 3 ba · sleeps 7 · 0.5 mi

    Revenue $21,637ADR $343Occ ≈ 17%—

    Booking

  • Coat of Many Views by Beyond Expectations

    Vacation home · 3 bd · 3 ba · sleeps 6 · 0.5 mi

    Revenue $3,781ADR $252Occ ≈ 4%—

    Booking

  • Cottage Renova | Gather, Relax & Reconnect

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    Revenue $91,476ADR $313Occ ≈ 80%5★ (185)

    AirbnbVrbo

  • Pirate's Cove in the smokies

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.5 mi

    Revenue $63,180ADR $366Occ ≈ 47%5★ (45)

    AirbnbVrbo

  • Secret Hideout

    Chalet · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $37,954ADR $231Occ ≈ 45%5★ (1)

    Booking

  • Dolly’s Delight B ⭐️ beautifully remodeled & styled

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    Revenue $30,043ADR $244Occ ≈ 34%4.9★ (144)

    AirbnbVrbo

  • Dolly’s Delight C Mountain view, near Dollywood

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    Revenue $28,161ADR $259Occ ≈ 30%5★ (133)

    AirbnbVrbo

  • Near DollyWood -Sleeps 12- HOT TUB - 3Bed 2.5Bath

    House · 3 bd · 2.5 ba · sleeps 12 · 0.6 mi

    Revenue $36,338ADR $264Occ ≈ 38%4.7★ (43)

    Airbnb

  • Near DollyWood -Sleeps 10 + HOT TUB - 3Bed 2.5Bath

    House · 3 bd · 2.5 ba · sleeps 10 · 0.6 mi

    Revenue $26,271ADR $268Occ ≈ 27%4.7★ (44)

    Airbnb

  • Legacy View

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $48,777ADR $329Occ ≈ 41%5★ (23)

    AirbnbVrbo

  • Serene Cabin, Sleeps 8・Sauna・Hot Tub・Outdoor Fun

    House · 3 bd · 1.5 ba · sleeps 8 · 0.6 mi

    Revenue $30,152ADR $269Occ ≈ 31%3.5★ (9)

    AirbnbVrboBooking

  • Dolly's Outdoor Oasis - Hot Tub, Sauna & More!

    House · 3 bd · 1.5 ba · sleeps 8 · 0.6 mi

    Revenue $36,143ADR $276Occ ≈ 36%4.7★ (18)

    AirbnbVrbo

  • Echoes Of Calm: Indoor Pool, Theater + Game Room

    Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.6 mi

    Revenue $70,490ADR $657Occ ≈ 29%—

    AirbnbVrbo

  • Dolly's Delight A ❤️Renovated, Centrally Located

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    Revenue $33,254ADR $175Occ ≈ 52%5★ (133)

    AirbnbVrbo

  • Edge Of Forever By Avada Properties

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $69,413ADR $218Occ ≈ 87%5★ (3)

    Booking

  • The Sweet Escape: Incredible Views Hot Tub

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $66,326ADR $0Occ ≈ ——

    Booking

  • 3BR w/ fire pit, hot tub, free attraction tickets

    House · 3 bd · 1.5 ba · sleeps 8 · 0.6 mi

    Revenue $52,797ADR $353Occ ≈ 41%4.6★ (12)

    AirbnbVrbo

  • A Rare Find One-of-a-Kind Mountain Escape

    Chalet · 3 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $69,534ADR $255Occ ≈ 75%4★ (1)

    Booking

  • Broken Spoke is a great cabin with an awesome View

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $66,388ADR $281Occ ≈ 65%4.8★ (386)

    AirbnbVrbo

  • Bear Paw Lodge: Wooded Views, Hot Tub + Arcade

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    Revenue $47,036ADR $341Occ ≈ 38%4.6★ (5)

    AirbnbVrbo

  • Mountainside Hideaway | View + Hot Tub

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    Revenue $64,200ADR $228Occ ≈ 77%5★ (61)

    AirbnbVrboBooking

  • Resort Suite | Saltwater Pool + Arcade | Sleeps 18

    House · 3 bd · 3 ba · sleeps 6 · 0.6 mi

    Revenue $1,530ADR $139Occ ≈ 3%1★ (1)

    Airbnb

  • Misty Ridge, Awesome View

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $66,156ADR $276Occ ≈ 66%4.8★ (35)

    AirbnbVrbo

  • On Eagles Wings - Outdoor Hot Tub with Breathtaking Views, Game Room + Community Pool Access!

    Vacation home · 3 bd · 2 ba · sleeps 8 · 0.7 mi

    Revenue $32,390ADR $124Occ ≈ 72%—

    Booking

  • Mountain Retreat w/ Views +Free Attraction Tickets

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.7 mi

    Revenue $64,035ADR $313Occ ≈ 56%4.6★ (48)

    AirbnbVrboBooking

  • Beautiful Cabin With Stunning Views & Privacy!

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.7 mi

    Revenue $45,528ADR $263Occ ≈ 47%4.8★ (235)

    AirbnbVrbo

  • Hot tub and pool table- perfect 2 BR log cabin!

    Chalet · 3 bd · 2 ba · sleeps 8 · 0.7 mi

    Revenue $44,648ADR $184Occ ≈ 66%—

    Booking

  • Mountain Paradise by Venture Smoky Mountains

    Vacation home · 3 bd · 2 ba · sleeps 8 · 0.7 mi

    Revenue $102,901ADR $303Occ ≈ 93%—

    Booking

  • Mtn Retreat, for 12・Hot Tub・Games・Deck・Shared Pool

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.7 mi

    Revenue $47,717ADR $335Occ ≈ 39%4.2★ (8)

    AirbnbVrboBooking

  • Sleeps 18 | Poolside Escape w/ Firepit Nights

    House · 3 bd · 3 ba · sleeps 16 · 0.7 mi

    Revenue $23,661ADR $555Occ ≈ 12%—

    Airbnb

  • <20 min to Pigeon Forge OR Gburg! Renovated

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.7 mi

    Revenue $48,241ADR $317Occ ≈ 42%4.9★ (275)

    AirbnbVrbo

  • Starry Starry Night Count Stars, Not Worries

    Chalet · 3 bd · 2 ba · sleeps 8 · 0.7 mi

    Revenue $83,366ADR $331Occ ≈ 69%5★ (1)

    Booking

  • Creekside w/Private Trail, Hot Tub, One Level

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.7 mi

    Revenue $59,153ADR $314Occ ≈ 52%5★ (4)

    AirbnbVrbo

  • Unobstructed View, Hot Tub, Arcade, Family Retreat

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.7 mi

    Revenue $114,326ADR $343Occ ≈ 91%5★ (79)

    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

$51,720

NOI

$29,843

Cash flow /mo

$73

Cash needed

$155,420

Cash-on-cash

0.6%

ROE (yr 1)

11.1%

Cap rate

6.7%

DSCR

1.03

Year-1 write-off

$128,408

Year-1 tax shield @ 32%

$41,091

Year-1 return on equity

  • Cash flow (annual)$874
  • Principal paydown$2,932
  • Appreciation at%$13,440
ROE11.1%
ROE incl. year-1 tax savings (32% bracket, STR loophole)37.5%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$10,344
  • Platform fees (3% of revenue)$1,552
  • Maintenance / capex (5% of revenue)$2,586
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$507
  • Insurance (STR-rated)$2,688

Cash needed to close

  • Down payment (25%)$112,000
  • Closing costs (4.0%)$17,920
  • Furnishing (bought new)$25,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$41,091

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

$394,000

Short-life (5/15-yr)

$102,000 · 26%

Year-1 deduction

$128,000

Year-1 tax shield @ 32%

$41,000

Land 12% (county tax record, market value split) · building $292,000 over 39 years · new furniture $26,000

Based on: 2,142 sq ft, built 1978, 3 bd / 2.5 ba, unfurnished, listing features (deck, fence, game room, flooring types, appliance list, septic, wooded lot).

IRS-guide safe-harbor floor: $80,000 in year 1 (13% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$75,300
  • Kitchen cabinetsdefault

    $10,500 new × 40% good × 2.25 allocation

    $9,400
  • Kitchen countertopsdefault

    $8,600 new × 40% good × 2.25 allocation

    $7,700
  • Decorative trimdefault

    $3,700 new × 40% good × 2.25 allocation

    $3,400
  • Mirrorsdefault

    $300 new × 40% good × 2.25 allocation

    $300
  • Shelvingdefault

    $1,200 new × 40% good × 2.25 allocation

    $1,100
  • Window coverings (21)default

    $5,300 new × 40% good × 2.25 allocation

    $4,700
  • Carpet, vinyl & laminate (67% of floors)listing

    $9,200 new × 40% good × 2.25 allocation

    $8,300
  • Kitchen & laundry equipment plumbingdefault

    $8,200 new × 40% good × 2.25 allocation

    $7,300
  • Kitchen, laundry & data equipment electricaldefault

    $4,900 new × 40% good × 2.25 allocation

    $4,400
  • Appliances (range, microwave, dishwasher)listing

    $3,500 new × 40% good × 2.25 allocation

    $3,100
  • 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$52,200
  • Paving: driveway & walks (paved)default

    $9,600 new × 50% good × 2.25 allocation

    $10,800
  • Landscaping (minimal)listing

    $4,600 new × 50% good × 2.25 allocation

    $5,200
  • Patiosdefault

    $2,100 new × 50% good × 2.25 allocation

    $2,400
  • Decks & porches (attached)listing

    $24,100 new × 50% good × 2.25 allocation

    $27,100
  • Fencinglisting

    $6,000 new × 50% good × 2.25 allocation

    $6,700
Building, 39-year$292,100
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $232,500 new × 40% good × 2.25 allocation

    $209,100
  • Building plumbing & fixturesdefault

    $24,100 new × 40% good × 2.25 allocation

    $21,700
  • Building electrical & lightingdefault

    $24,400 new × 40% good × 2.25 allocation

    $22,000
  • HVACdefault

    $24,100 new × 40% good × 2.25 allocation

    $21,700
  • Hardwood & tile floorsdefault

    $4,600 new × 40% good × 2.25 allocation

    $4,100
  • Septic systemlisting

    $12,000 new × 50% good × 2.25 allocation

    $13,500

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$75,300$52,200$900$128,400
2$0$0$7,500$7,500
3$0$0$7,500$7,500
4$0$0$7,500$7,500
5$0$0$7,500$7,500
6+$0$0$261,200$261,200
Total$75,300$52,200$292,100$419,500

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 and Georgia 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.