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

927 E Carvers Ln

927 E Carvers Ln

Sevierville, TN 37876

$699,800

3 bd · 2 ba · 1,822 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

1976

Sqft

1,822

Lot sqft

26,136

HOA / mo

$0

Furnished

No

List date

2026-10-27T13:56:38.000000Z

Revenue

Annual revenue

$68,653

ADR

$273

Occupancy

69%

Cleaning fees (12 mo)

$13,509

Confidence

Low (46.94), 43 comps

Comp revenue range (p25 / median / p75)

$37,681$63,711$96,716

Median revenue of shown comps: $61,431

  • Hot Tub + Arcade Cabin Near Gatlinburg/PF

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.2 mi

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

    Revenue $51,658ADR $207Occ ≈ 68%5★ (41)

    AirbnbVrbo

  • Private retreat with hot tub, pool table & arcade

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.3 mi

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

    Revenue $64,259ADR $241Occ ≈ 73%4.8★ (28)

    AirbnbVrboBooking

  • Smoky Adventure Cabin • Hot Tub • Near Gatlinburg

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.3 mi

    Revenue $15,975ADR $232Occ ≈ 19%5★ (21)

    Delisted

  • Smoky Adventure Cabin • Hot Tub • Near Gatlinburg

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.3 mi

    Revenue $34,975ADR $289Occ ≈ 33%5★ (21)

    Delisted

  • Lagniappe Lodge • Smoky Mt • Hot Tub & Game Room

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.3 mi

    Revenue $63,711ADR $275Occ ≈ 63%4.9★ (131)

    Airbnb

  • Cardinal's Nest • Near Pigeon Forge & Gatlinburg

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.4 mi

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

    Revenue $15,191ADR $263Occ ≈ 16%4.7★ (9)

    AirbnbVrboBooking

  • Romantic Mtn Spa Retreat | VIEWS • Hot Tub • Sauna

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.4 mi

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

    Revenue $67,108ADR $362Occ ≈ 51%5★ (47)

    AirbnbVrboBooking

  • Absolutely Secluded - Secluded cabin with firepit!

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

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

    Revenue $53,625ADR $291Occ ≈ 50%4.8★ (16)

    AirbnbVrboBooking

  • Modern Luxury Cabin w/ Pond, Hot Tub & Fire Pit

    House · 3 bd · 3 ba · sleeps 9 · 0.4 mi

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

    Revenue $30,011ADR $338Occ ≈ 24%5★ (22)

    AirbnbVrbo

  • Cozy Country Home W Shaded Porch, Sleeps 7

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

    Revenue $5,723ADR $126Occ ≈ 12%5★ (4)

    AirbnbBooking

Show 30 more
  • Amazing Wooden Cabin with Hot-tub and Game Room in Sevierville, Tennessee

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

    Revenue $24,924ADR $435Occ ≈ 16%—

    Delisted

  • Amazing Wooden Cabin with Hot-tub and Game Room in Sevierville, Tennessee

    Vacation home · 3 bd · 2 ba · sleeps 10 · 0.5 mi

    Revenue $90,660ADR $273Occ ≈ 91%—

    Booking

  • Appalachian Escape-Secluded Cabin, FirePit & Games

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.6 mi

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

    Revenue $85,765ADR $292Occ ≈ 80%5★ (291)

    AirbnbVrboBooking

  • Natural Attractions: Theater, Gameroom, Hot Tub

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

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

    Revenue $112,936ADR $465Occ ≈ 67%4.7★ (176)

    AirbnbVrboBooking

  • 3BR dog-friendly home - Free Attraction Tickets

    House · 3 bd · 2 ba · sleeps 7 · 0.6 mi

    Revenue $26,301ADR $187Occ ≈ 39%4.2★ (45)

    AirbnbBooking

  • Cowboy Way

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

    Revenue $25,678ADR $439Occ ≈ 16%3★ (1)

    Booking

  • Cowboy Way: Theater, Gameroom, Hot Tub, Firepit

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

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

    Revenue $131,971ADR $426Occ ≈ 85%4.4★ (257)

    AirbnbVrboBooking

  • 3 King Beds • Hot Tub • Pool Table • Gatlinburg

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

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

    Revenue $30,802ADR $249Occ ≈ 34%4.6★ (10)

    AirbnbVrboBooking

  • Mountain Laurel: Theater, Gameroom, Hot Tub

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

    Revenue $136,536ADR $486Occ ≈ 77%4.5★ (272)

    AirbnbVrboBooking

  • Romantic Getaway Cabin Hot Tub Jacuzzi

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

    Revenue $60,582ADR $247Occ ≈ 67%—

    Booking

  • Blackjack: Theater, Gameroom, Hot Tub, Firepit

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

    Revenue $131,907ADR $445Occ ≈ 81%4.6★ (273)

    AirbnbVrboBooking

  • 3200 SQFT Massive Mountain Monster w/ a View!

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

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

    Revenue $60,634ADR $346Occ ≈ 48%5★ (14)

    AirbnbVrbo

  • Affordable w Views, Theater, Hot Tub, Sauna

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

    Revenue $121,792ADR $470Occ ≈ 71%4.7★ (277)

    AirbnbVrboBooking

  • Best Value: Hot Tub Cabin | Nights under stars

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

    Revenue $112,904ADR $483Occ ≈ 64%4.3★ (249)

    AirbnbVrboBooking

  • Gatlinburg! Hot Tub! Close to Dollywood! Fire Pit!

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

    Revenue $71,758ADR $273Occ ≈ 72%5★ (176)

    AirbnbVrbo

  • Mountain View Cabin with Hot Tub

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

    Revenue $49,653ADR $267Occ ≈ 51%5★ (107)

    AirbnbVrbo

  • Hot tub and arcade game! Enjoy TRANQUIL MOMENTS at this stunning 2BR log cabin!

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

    Revenue $40,387ADR $189Occ ≈ 59%4.5★ (3)

    Booking

  • Smoky Mountain Cabin- FREE early check-in

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

    Revenue $62,227ADR $416Occ ≈ 41%4.8★ (142)

    Delisted

  • 2 Kings + Hot Tub + Game Room | Smoky Mtn Cabin

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

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

    Revenue $54,722ADR $246Occ ≈ 61%5★ (48)

    AirbnbVrboBooking

  • Beautiful cabin 15 minutes to the Gatlinburg strip

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

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

    Revenue $76,778ADR $364Occ ≈ 58%5★ (197)

    AirbnbVrbo

  • 3BR w/ hot tub, theater, & free attraction tickets

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

    Revenue $51,554ADR $327Occ ≈ 43%3.6★ (8)

    Airbnb

  • See Forever

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

    Revenue $112,190ADR $473Occ ≈ 65%4.6★ (107)

    AirbnbVrbo

  • FREE Tickets-Rise-N-Shine-Sleeps 6-Hot Tub-Lg Deck

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

    Revenue $32,335ADR $348Occ ≈ 25%5★ (73)

    AirbnbBooking

  • Basswood Lodge: Theater, Gameroom, Hot Tub, Sauna

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

    Revenue $102,771ADR $393Occ ≈ 72%4.7★ (310)

    AirbnbVrboBooking

  • Diamond Mine

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $106,643ADR $480Occ ≈ 61%—

    Booking

  • Chalet DAmour

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

    Revenue $129,959ADR $515Occ ≈ 69%—

    Booking

  • A Bears View

    Vacation home · 3 bd · 1 ba · sleeps 6 · 0.7 mi

    Revenue $57,212ADR $226Occ ≈ 69%5★ (1)

    Booking

  • Hot Tub, Fire Pit, Game Room and Pup Friendly.

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

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +6

    Revenue $65,168ADR $290Occ ≈ 62%4.8★ (220)

    AirbnbVrbo

  • Comfy Cabin, Sleeps 8・Pool Table・Theater・Hot Tub

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

    Revenue $25,138ADR $165Occ ≈ 42%3.8★ (5)

    AirbnbBooking

  • A Lovers Secret by American Patriot Getaways

    Vacation home · 3 bd · 1 ba · sleeps 6 · 0.7 mi

    Revenue $78,767ADR $245Occ ≈ 88%—

    Booking

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

$68,653

NOI

$40,667

Cash flow /mo

-$488

Cash needed

$222,442

Cash-on-cash

-2.6%

ROE (yr 1)

8.7%

Cap rate

5.8%

DSCR

0.87

Year-1 write-off

$141,489

Year-1 tax shield @ 32%

$45,277

Year-1 return on equity

  • Cash flow (annual)-$5,854
  • Principal paydown$4,324
  • Appreciation at%$20,994
ROE8.7%

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)$13,731
  • Platform fees (3% of revenue)$2,060
  • Maintenance / capex (5% of revenue)$3,433
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$364
  • Insurance (STR-rated)$4,199

Cash needed to close

  • Down payment (25%)$174,950
  • Closing costs (4.0%)$27,992
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$45,277

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

$558,000

Short-life (5/15-yr)

$122,000 · 22%

Year-1 deduction

$141,000

Year-1 tax shield @ 32%

$45,000

Land 20% (county tax record, market value split) · building $437,000 over 39 years · new furniture $20,000

Based on: 1,822 sq ft, built 1976, 3 bd / 2 ba, unfurnished, listing features (septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $103,000 in year 1 (15% short-life, $33,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$100,300
  • Kitchen cabinetsdefault

    $9,800 new × 40% good × 3.88 allocation

    $15,200
  • Kitchen countertopsdefault

    $8,000 new × 40% good × 3.88 allocation

    $12,500
  • Decorative trimdefault

    $3,200 new × 40% good × 3.88 allocation

    $5,000
  • Mirrorsdefault

    $300 new × 40% good × 3.88 allocation

    $500
  • Shelvingdefault

    $1,200 new × 40% good × 3.88 allocation

    $1,900
  • Window coverings (18)default

    $4,500 new × 40% good × 3.88 allocation

    $7,000
  • Carpet, vinyl & laminate (40% of floors)default

    $4,700 new × 40% good × 3.88 allocation

    $7,300
  • Kitchen & laundry equipment plumbingdefault

    $7,600 new × 40% good × 3.88 allocation

    $11,800
  • Kitchen, laundry & data equipment electricaldefault

    $4,600 new × 40% good × 3.88 allocation

    $7,200
  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default

    $8,100 new × 40% good × 3.88 allocation

    $12,600
  • Furniture bought newlisting

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

    $19,500
15-year land improvements$40,700
  • Paving: driveway & walks (paved)default

    $8,800 new × 50% good × 3.88 allocation

    $17,200
  • Landscaping (typical)default

    $8,500 new × 50% good × 3.88 allocation

    $16,500
  • Patiosdefault

    $1,800 new × 50% good × 3.88 allocation

    $3,500
  • Decks & porches (attached)default

    $1,800 new × 50% good × 3.88 allocation

    $3,500
Building, 39-year$436,600
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $197,600 new × 40% good × 3.88 allocation

    $307,000
  • Building plumbing & fixturesdefault

    $20,500 new × 40% good × 3.88 allocation

    $31,800
  • Building electrical & lightingdefault

    $20,400 new × 40% good × 3.88 allocation

    $31,600
  • HVACdefault

    $20,500 new × 40% good × 3.88 allocation

    $31,900
  • Hardwood & tile floorsdefault

    $7,000 new × 40% good × 3.88 allocation

    $10,900
  • Septic systemlisting

    $12,000 new × 50% good × 3.88 allocation

    $23,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$100,300$40,700$500$141,500
2$0$0$11,200$11,200
3$0$0$11,200$11,200
4$0$0$11,200$11,200
5$0$0$11,200$11,200
6+$0$0$391,400$391,400
Total$100,300$40,700$436,600$577,600

The building's share of the price ($558,000) is 3.9x our depreciated replacement cost of the home ($144,000). 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.