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

1031 N Smoky Mountain Way

1031 N Smoky Mountain Way

Sevierville, TN 37876

$925,000

2 bd · 2.5 ba · 2,328 sqft · Listed 1d ago

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

Year built

2026

Sqft

2,328

Lot sqft

436

HOA / mo

None

Furnished

No

List date

2026-10-14T16:08:56.000000Z

Revenue

Annual revenue

$44,405

ADR

$186

Occupancy

65%

Cleaning fees (12 mo)

$6,819

Confidence

Med (52.91), 50 comps

Comp revenue range (p25 / median / p75)

$34,181$45,220$63,165

Median revenue of shown comps: $45,220

  • American Gem

    Cabin · 2 bd · 2 ba · sleeps 4 · 69 ft

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

    Revenue $19,780ADR $279Occ ≈ 19%4.2★ (4)

    AirbnbVrboBooking

  • TENNESSEE CABIN! CONVENIENT LOCATION! COZY & COMFORTABLE! BOOK TODAY!

    Cabin · 2 bd · 2 ba · sleeps 4 · 154 ft

    Revenue $9,003ADR $195Occ ≈ 13%5★ (150)

    Delisted

  • Home Sweet Home

    Cabin · 2 bd · 2 ba · sleeps 6 · 190 ft

    Revenue $64,013ADR $262Occ ≈ 67%4.8★ (9)

    Airbnb

  • Cozy Cabin W Wooded View, Sleeps 6・Near Downtown

    Cabin · 2 bd · 2 ba · sleeps 6 · 259 ft

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $46,864ADR $231Occ ≈ 56%4.7★ (27)

    AirbnbVrboBooking

  • Serene Cozy Cabin w/ Hot Tub & Games

    Cabin · 2 bd · 2 ba · sleeps 4 · 322 ft

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

    Revenue $34,902ADR $258Occ ≈ 37%4.4★ (16)

    AirbnbVrbo

  • Tennessee Treasure

    Cabin · 2 bd · 2 ba · sleeps 4 · 341 ft

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

    Revenue $17,448ADR $248Occ ≈ 19%5★ (7)

    AirbnbVrboBooking

  • Close to Sevierville Convention Center, Wilderness Resort, downtown Sevierville!

    Cabin · 2 bd · 2 ba · sleeps 4 · 374 ft

    Revenue $10,839ADR $218Occ ≈ 14%5★ (176)

    Delisted

  • Serene Cozy Cabin w/ Hot Tub & Games

    Cabin · 2 bd · 2 ba · sleeps 4 · 410 ft

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

    Revenue $40,036ADR $249Occ ≈ 44%4.6★ (0)

    Vrbo

  • Smoky Time Out by Venture Smoky Mountains

    Vacation home · 2 bd · 2 ba · sleeps 4 · 413 ft

    Revenue $53,058ADR $246Occ ≈ 59%4.5★ (1)

    Booking

  • Bearless Whisper, Under a Mile from Soaky Mountain

    Cabin · 2 bd · 2 ba · sleeps 4 · 423 ft

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $49,660ADR $200Occ ≈ 68%4.8★ (183)

    AirbnbVrboBooking

Show 40 more
  • Family Tyme #78 - Charming & Clean Log Cabin!

    Cabin · 2 bd · 2 ba · sleeps 4 · 479 ft

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

    Revenue $39,438ADR $203Occ ≈ 53%4.8★ (232)

    Vrbo

  • TN Whiskey @Bearadise by Rocking the Rentals

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.1 mi

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

    Revenue $38,628ADR $217Occ ≈ 49%5★ (143)

    AirbnbVrbo

  • Modern Cabin+2 King Suites+HotTub+Outdoor Swingbed

    House · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $51,087ADR $236Occ ≈ 59%4.8★ (85)

    AirbnbVrbo

  • Wooded 2BR | Fireplace | Free Attraction Tickets

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

    Revenue $25,097ADR $266Occ ≈ 26%4.2★ (191)

    AirbnbBooking

  • Appalachian Songbird

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

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

    Revenue $19,513ADR $309Occ ≈ 17%4.8★ (6)

    AirbnbVrboBooking

  • Above the Trees - Log Cabin - 155 Per Night

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

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

    Revenue $25,389ADR $180Occ ≈ 39%4.8★ (276)

    Vrbo

  • Moonshine Mountain

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

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

    Revenue $37,556ADR $209Occ ≈ 49%4.8★ (16)

    AirbnbVrbo

  • Echota Resort! Minutes from Pigeon Forge!

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

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

    Revenue $24,529ADR $234Occ ≈ 29%4.6★ (109)

    AirbnbVrbo

  • 2/2 Log Cabin in the Smokies! Close to Dollywood! WIFI, HOT TUB, 2 KING ROOMS

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

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

    Revenue $38,844ADR $195Occ ≈ 55%4.9★ (284)

    Vrbo

  • Honeymoon Cabin w/ Loft & Hot Tub | Near Dollywood

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

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

    Revenue $35,562ADR $205Occ ≈ 48%5★ (229)

    Airbnb

  • Smokey Mtn Fall Vacation |Hot Tub | Fireplace

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

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $38,351ADR $214Occ ≈ 49%4.8★ (222)

    AirbnbVrbo

  • Old Glory*Sevierville*Hot Tub*Convenient Location

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

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

    Revenue $43,575ADR $239Occ ≈ 50%4.8★ (6)

    AirbnbVrbo

  • Nature's Harmony #10 Cabin – Your Perfect Getaway

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

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

    Revenue $41,185ADR $205Occ ≈ 55%4.8★ (206)

    Vrbo

  • Soaky Bear-Pool Cabin-Smoky Mountains

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

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

    Revenue $48,186ADR $318Occ ≈ 42%4.7★ (31)

    AirbnbVrbo

  • Pigeon Forge Convention Center-1 Mile-HotTub-Pets

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.2 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $24,748ADR $235Occ ≈ 29%4.8★ (92)

    AirbnbVrbo

  • 2 Bedroom in Echota- Close to Pigeon Forge.

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

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $62,834ADR $249Occ ≈ 69%4.8★ (343)

    AirbnbVrbo

  • Peaceful Woods #25- Charming & Clean Log Cabin!

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.3 mi

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

    Revenue $47,019ADR $203Occ ≈ 63%4.8★ (205)

    Vrbo

  • Cutest, comfiest log cabin with great screened in

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

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $35,193ADR $263Occ ≈ 37%4.5★ (20)

    AirbnbVrbo

  • 2 Bedroom @ Great Smokies Lodge- TN

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $28,578ADR $414Occ ≈ 19%4.7★ (3)

    Delisted

  • Wow! So Much to Do! 2 BR Condo Sleeps Up to 8!

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.6 mi

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

    Revenue $33,940ADR $579Occ ≈ 16%—

    AirbnbVrbo

  • Wilderness Resort Wyndham Unit 2BR

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

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

    Revenue $106,853ADR $327Occ ≈ 90%4.8★ (19)

    AirbnbVrbo

  • Great Smokies Lodge 2 Bedroom

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

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

    Revenue $6,578ADR $215Occ ≈ 8%5★ (4)

    Airbnb

  • Great Smokies Lodge - 2BR/2BA - Waterpark Passes!

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

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

    Revenue $75,418ADR $338Occ ≈ 61%—

    AirbnbVrbo

  • 2 Br Deluxe - Wyndham Great Smokies Lodge

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $14,245ADR $236Occ ≈ 17%5★ (1)

    Delisted

  • *Beautiful Resort in Great Smokies Lodge 2BD Delux

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $55,746ADR $322Occ ≈ 47%—

    Airbnb

  • Great Smokies Lodge in a 2 Bedroom

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $53,540ADR $342Occ ≈ 43%4.8★ (11)

    Delisted

  • Great Smokies Lodge Resort. 2 Bedroom Condo. TN

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $37,725ADR $550Occ ≈ 19%—

    Airbnb

  • 2br Presidential Unit Luxury Golf View & Waterpark

    Apartment · 2 bd · 2 ba · sleeps 6 · 0.6 mi

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

    Revenue $89,972ADR $332Occ ≈ 74%—

    AirbnbVrbo

  • 2br Deluxe Unit In Mountains with Waterpark!

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

    • Hot tub
    • Pool
    • A/C
    • Wifi
    • +2

    Revenue $70,558ADR $243Occ ≈ 80%5★ (6)

    AirbnbVrbo

  • Presidential 2BR Free Waterpark Access

    Apartment · 2 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $80,367ADR $357Occ ≈ 62%—

    AirbnbVrbo

  • 2br Deluxe Golf View- A True Golfer's Dream

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $72,361ADR $244Occ ≈ 81%5★

    Delisted

  • 2br Deluxe Unit In Mountains with Waterpark!

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $63,519ADR $238Occ ≈ 73%—

    Delisted

  • 2br Deluxe Pool View + Water Park Fun for Families

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $66,016ADR $309Occ ≈ 59%5★ (0)

    Delisted

  • 2br Deluxe Golf View- A True Golfer's Dream

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $70,230ADR $236Occ ≈ 82%—

    Vrbo

  • 2br Deluxe Unit In Mountains with Waterpark!

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $55,613ADR $229Occ ≈ 67%5★ (2)

    Vrbo

  • 2br Deluxe Unit In Mountains with Waterpark!

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $51,503ADR $211Occ ≈ 67%5★

    Delisted

  • 2br Presidential Unit Luxury Golf View & Waterpark

    Apartment · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $64,778ADR $356Occ ≈ 50%—

    Vrbo

  • 2br Presidential Unit Luxury Golf View & Waterpark

    Apartment · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $63,275ADR $341Occ ≈ 51%—

    Vrbo

  • 2br Deluxe Unit In Mountains with Waterpark!

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $56,524ADR $226Occ ≈ 69%—

    Vrbo

  • Wyndham at Wilderness Lodge 2BR Water Park(s) included

    Condominium (condo) · 2 bd · 2 ba · sleeps 8 · 0.6 mi

    • Hot tub
    • Pool
    • A/C
    • Wifi

    Revenue $76,888ADR $371Occ ≈ 57%5★ (44)

    Vrbo

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

$44,405

NOI

$22,183

Cash flow /mo

-$3,315

Cash needed

$284,250

Cash-on-cash

-14.0%

ROE (yr 1)

-2.3%

Cap rate

2.4%

DSCR

0.36

Year-1 write-off

$209,849

Year-1 tax shield @ 32%

$67,152

Year-1 return on equity

  • Cash flow (annual)-$39,776
  • Principal paydown$5,625
  • Appreciation at%$27,750
ROE-2.3%

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)$8,881
  • Platform fees (3% of revenue)$1,332
  • Maintenance / capex (5% of revenue)$2,220
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$39
  • Insurance (STR-rated)$5,550

Cash needed to close

  • Down payment (25%)$231,250
  • Closing costs (4.0%)$37,000
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$67,152

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

$786,000

Short-life (5/15-yr)

$193,000 · 25%

Year-1 deduction

$210,000

Year-1 tax shield @ 32%

$67,000

Land 15% (market default, no usable tax-record split) · building $593,000 over 39 years · new furniture $16,000

Based on: 2,328 sq ft, built 2026, 2 bd / 2.5 ba, unfurnished, listing features (hot tub, deck, fireplace, stone counters, appliance list, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $118,000 in year 1 (13% short-life, $38,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$134,600
  • Kitchen cabinetsdefault

    $10,900 new × 100% good × 1.72 allocation

    $18,800
  • Kitchen countertops (stone)listing

    $11,200 new × 100% good × 1.72 allocation

    $19,200
  • Decorative trimdefault

    $4,100 new × 100% good × 1.72 allocation

    $7,000
  • Mirrorsdefault

    $300 new × 100% good × 1.72 allocation

    $500
  • Shelvingdefault

    $900 new × 100% good × 1.72 allocation

    $1,600
  • Window coverings (23)default

    $5,800 new × 100% good × 1.72 allocation

    $9,900
  • Carpet, vinyl & laminate (40% of floors)default

    $6,000 new × 100% good × 1.72 allocation

    $10,300
  • Kitchen & laundry equipment plumbingdefault

    $8,500 new × 100% good × 1.72 allocation

    $14,600
  • Kitchen, laundry & data equipment electricaldefault

    $5,100 new × 100% good × 1.72 allocation

    $8,800
  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer)listing

    $7,100 new × 100% good × 1.72 allocation

    $12,200
  • Hot tub (freestanding)listing

    $9,000 new × 100% good × 1.72 allocation

    $15,500
  • Furniture bought newlisting

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

    $16,000
15-year land improvements$74,600
  • Paving: driveway & walks (paved)default

    $10,000 new × 100% good × 1.72 allocation

    $17,200
  • Landscaping (minimal)listing

    $4,800 new × 100% good × 1.72 allocation

    $8,300
  • Patiosdefault

    $2,300 new × 100% good × 1.72 allocation

    $4,000
  • Decks & porches (attached)listing

    $26,200 new × 100% good × 1.72 allocation

    $45,100
Building, 39-year$593,000
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $253,200 new × 100% good × 1.72 allocation

    $436,400
  • Building plumbing & fixturesdefault

    $26,200 new × 100% good × 1.72 allocation

    $45,200
  • Building electrical & lightingdefault

    $26,800 new × 100% good × 1.72 allocation

    $46,200
  • HVACdefault

    $26,200 new × 100% good × 1.72 allocation

    $45,200
  • Hardwood & tile floorsdefault

    $9,000 new × 100% good × 1.72 allocation

    $15,500
  • Fireplacelisting

    $2,600 new × 100% good × 1.72 allocation

    $4,500

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$134,600$74,600$600$209,800
2$0$0$15,200$15,200
3$0$0$15,200$15,200
4$0$0$15,200$15,200
5$0$0$15,200$15,200
6+$0$0$531,600$531,600
Total$134,600$74,600$593,000$802,200

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.