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

4093 Hickory Hollow Way

4093 Hickory Hollow Way

Sevierville, TN 37862

$515,000

2 bd · 2 ba · 1,632 sqft · Listed 1d ago

View on Realtor.com →
Rental historyNegative cash flow

Year built

1993

Sqft

1,632

Lot sqft

37,462

HOA / mo

$50

Furnished

No

List date

2026-09-26T14:30:29.000000Z

Revenue

Annual revenue

$42,833

ADR

$204

Occupancy

58%

Cleaning fees (12 mo)

$8,016

Confidence

Low (48.65), 47 comps

Comp revenue range (p25 / median / p75)

$25,669$37,931$48,815
  • QUIET HARMONY - 2BR Easily Accessible In The Heart Of Wears Valley!!

    Cabin · 2 bd · 2 ba · sleeps 8 · 184 ft

    Revenue $46,174ADR $198Occ ≈ 64%4.8★ (30)

    AirbnbVrbo

  • Smoky Mtn Cabin | Peaceful | Game Room & Near PF

    Cabin · 2 bd · 2 ba · sleeps 6 · 345 ft

    Revenue $29,806ADR $207Occ ≈ 39%5★ (124)

    AirbnbVrbo

  • Black Bear Cottage

    House · 2 bd · 2.5 ba · sleeps 6 · 0.1 mi

    Revenue $48,914ADR $208Occ ≈ 64%4.3★ (28)

    Airbnb

  • Smoky Mountains Cabin–Cozy Retreat in Wears Valley

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

    Revenue $49,930ADR $214Occ ≈ 64%4.8★ (65)

    AirbnbVrboBooking

  • Hickory Hill | Sevierville Smoky Mountain Cabin

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

    Revenue $29,144ADR $207Occ ≈ 39%4.4★ (17)

    AirbnbVrboBooking

  • Slice of Heaven: Pet Friendly & Free Tickets

    Cabin · 2 bd · 2 ba · sleeps 10 · 0.1 mi

    Revenue $33,461ADR $233Occ ≈ 39%4.4★ (122)

    AirbnbVrboBooking

  • Charming Cabin Retreat in TN

    House · 2 bd · 2.5 ba · sleeps 6 · 0.2 mi

    Revenue $17,476ADR $411Occ ≈ 12%4.3★ (20)

    Airbnb

  • A Slice of Heaven

    Cabin · 2 bd · 2 ba · sleeps 10 · 0.2 mi

    Revenue $33,251ADR $267Occ ≈ 34%2.5★ (2)

    Vrbo

  • A Slice of Heaven

    Vacation home · 2 bd · 2 ba · sleeps 10 · 0.2 mi

    Revenue $33,908ADR $363Occ ≈ 26%4.8★ (2)

    Booking

  • Two Bedroom Cabin Rental- Wears Valley-Near National Park- Seasonal Pool Access

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

    Revenue $48,517ADR $191Occ ≈ 70%4.5★ (40)

    VrboBooking

Show all 50 comps
  • A Slice of Heaven: Pet Friendly & Free Tickets

    Cabin · 2 bd · 2 ba · sleeps 10 · 0.2 mi

    Revenue $6,939ADR $277Occ ≈ 7%—

    Airbnb

  • "Mountain Retreat" 2 Bedroom Cabin

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

    Revenue $23,885ADR $377Occ ≈ 17%—

    Airbnb

  • 2BR Mountain View w/ Free Attraction Tickets

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

    Revenue $14,251ADR $197Occ ≈ 20%4★ (160)

    AirbnbVrboBooking

  • Free Dollywood Tix/Pool/Secluded/DogFriendly

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

    Revenue $48,139ADR $213Occ ≈ 62%4.8★ (53)

    AirbnbVrbo

  • New! Peaceful 2BR w/Hot Tub*Firepit*Privacy*Quiet!

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

    Revenue $45,448ADR $206Occ ≈ 60%4.9★ (51)

    AirbnbVrbo

  • CHEERFUL 2-BEDROOM CABIN WITH INDOOR FIREPLACE

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

    Revenue $42,166ADR $140Occ ≈ 83%5★ (92)

    Airbnb

  • Hiker's Ridge - 2BR - Easily Accessible In The Hea

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

    Revenue $58,263ADR $210Occ ≈ 76%4.9★ (37)

    AirbnbVrbo

  • Mountain Bliss is calling!

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

    Revenue $43,059ADR $233Occ ≈ 51%4.8★ (45)

    Airbnb

  • Beary Lazy Hot Tub, Fire Pit & Pool | Wears Valley

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

    Revenue $37,190ADR $212Occ ≈ 48%4.9★ (19)

    AirbnbVrbo

  • Beary Lazy

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

    Revenue $38,672ADR $211Occ ≈ 50%—

    Booking

  • Sugar Bear Hollow

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

    Revenue $43,703ADR $208Occ ≈ 58%5★ (216)

    Airbnb

  • Relaxing Cabin Hot Tub Game Room Near Attractions

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.4 mi

    Revenue $26,388ADR $211Occ ≈ 34%4.8★ (22)

    AirbnbVrboBooking

  • Hiker's Point - Cabin In The Smokies

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

    Revenue $59,613ADR $224Occ ≈ 73%4.9★ (39)

    AirbnbVrbo

  • "Run to the Hills" 2 Bedroom Cabin

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

    Revenue $27,881ADR $315Occ ≈ 24%—

    AirbnbVrbo

  • A gorgeous log cabin awaits you at Run To The Hill

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

    Revenue $7,092ADR $295Occ ≈ 7%4.7★ (119)

    AirbnbVrboBooking

  • Majestic Eagle

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

    Revenue $45,545ADR $329Occ ≈ 38%4.5★

    Vrbo

  • Majestic Eagle

    Vacation home · 2 bd · 3 ba · sleeps 10 · 0.4 mi

    Revenue $15,966ADR $4,033Occ ≈ 1%—

    Booking

  • Beautiful Views! Privacy! Pool/Fishing! Hot Tub!

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.4 mi

    Revenue $78,819ADR $331Occ ≈ 65%5★ (201)

    AirbnbVrbo

  • Breathtaking View! 2 King Suites + Hammock, HotTub

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.4 mi

    Revenue $74,302ADR $249Occ ≈ 82%5★ (413)

    AirbnbVrboBooking

  • Majestic Eagle: Free Attraction Tickets

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

    Revenue $44,502ADR $252Occ ≈ 48%4.7★ (92)

    AirbnbVrboBooking

  • Highland Haven | Cozy, Hot Tub, Mtn View, Fire Pit

    Cabin · 2 bd · 1.5 ba · sleeps 8 · 0.4 mi

    Revenue $19,096ADR $226Occ ≈ 23%4.8★ (143)

    Airbnb

  • Majestic Eagle: Soar Above the Smokies

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

    Revenue $25,983ADR $402Occ ≈ 18%—

    AirbnbVrboBooking

  • "Eagle's Nest" 2 Bedroom Cabin

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

    Revenue $19,175ADR $296Occ ≈ 18%5★ (1)

    Airbnb

  • Eagles Nest, ceiling glass allows you to completel

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $60,793ADR $255Occ ≈ 65%4.6★ (118)

    AirbnbVrbo

  • Panoramic Views! Resort Pool | Hot Tub | Top 10%

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $62,450ADR $341Occ ≈ 50%4.9★ (95)

    AirbnbVrbo

  • Ain't No Mountain High Enough

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    Revenue $29,010ADR $645Occ ≈ 12%—

    Booking

  • Briar Brook - Private Smoky Mtn Luxury Log Home

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $51,982ADR $231Occ ≈ 62%4.8★ (97)

    AirbnbVrboBooking

  • Wooded 2BR Valleyview | Free Attraction Tickets

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.6 mi

    Revenue $12,364ADR $231Occ ≈ 15%4.3★ (65)

    AirbnbVrbo

  • Front Porch Vista – A Smoky Mountain Escape

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.6 mi

    Revenue $25,564ADR $105Occ ≈ 67%4.7★ (208)

    AirbnbVrbo

  • Country Hideaway - Free Pool & Fishing Pond Access

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.6 mi

    Revenue $27,502ADR $156Occ ≈ 48%4.5★ (12)

    AirbnbVrbo

  • Moonshine Meadows-Where Peace Grows & the Moon Glo

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $49,296ADR $251Occ ≈ 54%4.9★ (13)

    AirbnbVrbo

  • Willow Creek | Hot Tub + Fire Pit & Pool Table!

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.7 mi

    Revenue $27,950ADR $296Occ ≈ 26%4.1★ (61)

    AirbnbVrboBooking

  • Smokies Oasis: Fenced Yard, Hot Tub, Fire Pit

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

    Revenue $81,384ADR $323Occ ≈ 69%5★ (255)

    AirbnbVrbo

  • Lovely Cabin, Sleeps 6・Wooded Surroundings・Deck

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.7 mi

    Revenue $3,042ADR $178Occ ≈ 5%4.3★ (29)

    AirbnbVrboBooking

  • Quilted Pines – Hot Tub, Pool, Dog Friendly

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $41,257ADR $218Occ ≈ 52%5★ (17)

    AirbnbVrboBooking

  • Enormous Wooden Cabin with Hot-Tub, Game Room and Barbecue in Sevierville, Tennessee

    Vacation home · 2 bd · 3 ba · sleeps 10 · 0.7 mi

    Revenue $19,913ADR $720Occ ≈ 8%—

    Booking

  • His Amazing Grace by Eden Crest

    Chalet · 2 bd · 3 ba · sleeps 10 · 0.7 mi

    Revenue $83,598ADR $338Occ ≈ 68%5★ (4)

    Booking

  • Cozy Log Cabin with Hot Tub & Game Room Near Smoky Mountain National Park | Sevierville, TN

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.7 mi

    Revenue $10,132ADR $434Occ ≈ 6%—

    Booking

  • 2BR, views, hot tub, sleeps 10.

    Cabin · 2 bd · 3 ba · sleeps 10 · 0.7 mi

    Revenue $53,811ADR $288Occ ≈ 51%4.8★ (113)

    AirbnbVrboBooking

  • Secluded Cabin | Pool Access | Arcade & Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $41,810ADR $224Occ ≈ 51%4.8★ (169)

    AirbnbVrboBooking

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

$42,833

NOI

$21,620

Cash flow /mo

-$974

Cash needed

$165,350

Cash-on-cash

-7.1%

ROE (yr 1)

4.3%

Cap rate

4.2%

DSCR

0.65

Year-1 write-off

$139,540

Year-1 tax shield @ 32%

$44,653

Year-1 return on equity

  • Cash flow (annual)-$11,682
  • Principal paydown$3,370
  • Appreciation at%$15,450
ROE4.3%
ROE incl. year-1 tax savings (32% bracket, STR loophole)31.3%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$8,567
  • Platform fees (3% of revenue)$1,285
  • Maintenance / capex (5% of revenue)$2,142
  • Utilities & supplies$4,200
  • HOA$600
  • Property tax$1,330
  • Insurance (STR-rated)$3,090

Cash needed to close

  • Down payment (25%)$128,750
  • Closing costs (4.0%)$20,600
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$44,653

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

$437,000

Short-life (5/15-yr)

$123,000 · 28%

Year-1 deduction

$140,000

Year-1 tax shield @ 32%

$45,000

Land 15% (county tax record, market value split) · building $315,000 over 39 years · new furniture $16,000

Based on: 1,632 sq ft, built 1993, 2 bd / 2 ba, unfurnished, listing features (hot tub, deck, fireplace, stone counters, flooring types, appliance list, septic).

IRS-guide safe-harbor floor: $88,000 in year 1 (16% short-life, $28,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$83,500
  • Kitchen cabinetsdefault

    $9,400 new × 40% good × 2.83 allocation

    $10,600
  • Kitchen countertops (stone)listing

    $9,600 new × 40% good × 2.83 allocation

    $10,900
  • Decorative trimdefault

    $2,900 new × 40% good × 2.83 allocation

    $3,200
  • Mirrorsdefault

    $300 new × 40% good × 2.83 allocation

    $300
  • Shelvingdefault

    $900 new × 40% good × 2.83 allocation

    $1,000
  • Window coverings (16)default

    $4,000 new × 40% good × 2.83 allocation

    $4,500
  • Carpet, vinyl & laminate (40% of floors)listing

    $4,200 new × 40% good × 2.83 allocation

    $4,800
  • Kitchen & laundry equipment plumbingdefault

    $7,300 new × 40% good × 2.83 allocation

    $8,300
  • Kitchen, laundry & data equipment electricaldefault

    $4,400 new × 40% good × 2.83 allocation

    $5,000
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 2.83 allocation

    $8,700
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.83 allocation

    $10,200
  • Furniture bought newlisting

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

    $16,000
15-year land improvements$55,000
  • Paving: driveway & walks (paved)default

    $8,400 new × 50% good × 2.83 allocation

    $11,800
  • Landscaping (typical)default

    $8,100 new × 50% good × 2.83 allocation

    $11,400
  • Patiosdefault

    $1,600 new × 50% good × 2.83 allocation

    $2,300
  • Decks & porches (attached)listing

    $18,400 new × 50% good × 2.83 allocation

    $26,000
  • Site lightinglisting

    $2,500 new × 50% good × 2.83 allocation

    $3,500
Building, 39-year$314,500
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $177,100 new × 45% good × 2.83 allocation

    $225,500
  • Building plumbing & fixturesdefault

    $18,300 new × 40% good × 2.83 allocation

    $20,800
  • Building electrical & lightingdefault

    $18,000 new × 40% good × 2.83 allocation

    $20,300
  • HVACdefault

    $18,400 new × 40% good × 2.83 allocation

    $20,800
  • Hardwood & tile floorsdefault

    $6,300 new × 40% good × 2.83 allocation

    $7,100
  • Fireplacelisting

    $2,600 new × 40% good × 2.83 allocation

    $3,000
  • Septic systemlisting

    $12,000 new × 50% good × 2.83 allocation

    $17,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$83,500$55,000$1,000$139,500
2$0$0$8,100$8,100
3$0$0$8,100$8,100
4$0$0$8,100$8,100
5$0$0$8,100$8,100
6+$0$0$281,200$281,200
Total$83,500$55,000$314,500$453,000

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: Georgia disallows 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.