STR Yield
← Back to deals

Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium

1906 Orchard Dr

1906 Orchard Dr

Sevierville, TN 37876

$529,900

2 bd · 2.5 ba · 1,166 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2000

Sqft

1,166

Lot sqft

17,424

HOA / mo

$16

Furnished

No

List date

2026-10-20T18:33:06.000000Z

Revenue

Annual revenue

$54,220

ADR

$227

Occupancy

65%

Cleaning fees (12 mo)

$10,991

Confidence

Low (50.33), 49 comps

Comp revenue range (p25 / median / p75)

$35,276$47,575$62,460

Median revenue of shown comps: $49,137

  • 2 Kings, Hot Tub & Game Room + Free Tickets

    Cabin · 2 bd · 2 ba · sleeps 6 · 518 ft

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

    Revenue $12,827ADR $207Occ ≈ 17%4.8★ (13)

    AirbnbVrbo

  • Relax Above the Smokies | Pool Table & HotTub

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

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

    Revenue $57,668ADR $264Occ ≈ 60%4.2★ (57)

    AirbnbVrboBooking

  • Ole Smokey

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

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

    Revenue $15,094ADR $173Occ ≈ 24%4.5★ (123)

    AirbnbVrbo

  • Corduroy Cabin•Close to Gatlinburg & Pigeon Forge

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

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

    Revenue $57,083ADR $287Occ ≈ 54%5★ (55)

    Airbnb

  • A Pine Choice! New 2 bd Cabin Mins from town!

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.1 mi

    Revenue $52,990ADR $232Occ ≈ 63%4.8★ (71)

    AirbnbVrboBooking

  • *Charming 2BD Cabin w/ Hot Tub! Games and MORE!*

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

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

    Revenue $39,834ADR $233Occ ≈ 47%4.5★ (28)

    AirbnbVrbo

  • Four Cubs Cabin

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

    Revenue $2,017ADR $325Occ ≈ 2%1★ (1)

    Airbnb

  • Soak up the peace and watch for BEARS!

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

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

    Revenue $35,652ADR $236Occ ≈ 41%5★ (93)

    AirbnbVrbo

  • Smoky Bears All American Cabin

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

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

    Revenue $47,508ADR $168Occ ≈ 77%4.8★ (588)

    AirbnbVrbo

  • Duke's Den*Dog Friendly*Hot Tub*Arcade/Pool Table

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

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

    Revenue $47,575ADR $213Occ ≈ 61%4.6★ (24)

    AirbnbVrbo

Show 36 more
  • Incredible Long Range Mtn View

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

    Revenue $87,507ADR $327Occ ≈ 73%5★ (312)

    AirbnbVrbo

  • Adorable 2BD Cottage w/ HOT TUB! Fireplace + GAMES

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

    Revenue $40,793ADR $224Occ ≈ 50%4.3★ (17)

    AirbnbVrbo

  • Mountain View Cabin for Couples | HotTub+Fireplace

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +7

    Revenue $77,305ADR $323Occ ≈ 66%5★ (146)

    AirbnbVrbo

  • Breathtaking Mountain View’s with Hot tub

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

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

    Revenue $74,127ADR $227Occ ≈ 89%4.8★ (326)

    Airbnb

  • Guest Favorite. 15 min from Gatlinburg & PF

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

    Revenue $21,553ADR $190Occ ≈ 31%4.7★ (12)

    AirbnbVrbo

  • Charming Pet-Friendly Cabin w/ Hot Tub

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

    Revenue $54,750ADR $203Occ ≈ 74%5★ (272)

    AirbnbVrbo

  • Fun treehouse cabin! Sleeps 6

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

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

    Revenue $62,497ADR $211Occ ≈ 81%4.8★ (312)

    Airbnb

  • Cozy Mountain Escape Near Pigeon Forge/Gatlinburg

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.2 mi

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

    Revenue $39,380ADR $253Occ ≈ 43%4.9★ (104)

    AirbnbVrbo

  • Firepit, hot tub, comfort, and mountain views!

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

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

    Revenue $112,679ADR $398Occ ≈ 78%5★ (26)

    AirbnbVrbo

  • Pure Tranquility

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

    Revenue $62,460ADR $236Occ ≈ 73%4.9★ (191)

    AirbnbVrbo

  • Beautiful Mountain Views & A Private Pool

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

    Revenue $100,480ADR $357Occ ≈ 77%4.8★ (19)

    AirbnbVrbo

  • Tree-Top Feeling, Old Growth Trees! Clean, Comfy!

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

    Revenue $56,771ADR $178Occ ≈ 87%5★ (343)

    Airbnb

  • Mountain views, hot tub, and heart shaped jacuzzi in a cozy 2BR!

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

    Revenue $32,103ADR $177Occ ≈ 50%—

    Booking

  • Fido Friendly For Your Whole Family

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

    Revenue $30,655ADR $195Occ ≈ 43%—

    AirbnbVrboBooking

  • Hot Tub | Fireplace | Multicade | Mountain Views

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

    Revenue $3,697ADR $242Occ ≈ 4%2.5★ (2)

    AirbnbVrboBooking

  • Mountain Views! Hot Tub! King Bed! Near Dollywood!

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

    Revenue $60,624ADR $237Occ ≈ 70%4.9★ (54)

    AirbnbVrboBooking

  • Charming Log Cabin

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

    Revenue $21,081ADR $282Occ ≈ 20%4.5★ (7)

    AirbnbVrbo

  • Peaceful 2BR w/Hot Tub*Pool Table*Fireplace*Arcade

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

    Revenue $27,774ADR $209Occ ≈ 36%5★ (27)

    AirbnbVrbo

  • Cozy, Serene Forest Escape Near Dollywood

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

    Revenue $45,871ADR $188Occ ≈ 67%5★ (269)

    Airbnb

  • Pet Friendly | Peaceful & Wooded | 15 Min to Gat

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

    • Pool
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $32,171ADR $183Occ ≈ 48%4.8★ (69)

    AirbnbVrbo

  • Coziest Cabin in the Smokies! Hot tub | Sleeps 6

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

    Revenue $50,699ADR $200Occ ≈ 69%4.8★ (387)

    AirbnbVrbo

  • Bear Crossing - 2 Bedrooms in Gatlinburg!

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $61,848ADR $250Occ ≈ 68%4.7★ (19)

    AirbnbVrbo

  • Modern Mt LeConte View, Hot Tub & Spa

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

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

    Revenue $32,226ADR $257Occ ≈ 34%5★ (35)

    AirbnbVrbo

  • Multi-Game Arcade | Private Pool | Luxury

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

    Revenue $89,095ADR $352Occ ≈ 69%4.7★ (19)

    AirbnbVrbo

  • PrivateCouplesSpa MtnView SAUNA OutdoorTub FirePit

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.3 mi

    Revenue $115,995ADR $419Occ ≈ 76%5★ (79)

    AirbnbVrbo

  • Smoky Mountain Retreat! Hot Tub, Loft & Cozy Nook

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

    Revenue $45,254ADR $213Occ ≈ 58%5★ (44)

    AirbnbVrboBooking

  • Rustic-Chic Escape w/ Fireplace & Rocking Chairs

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

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +4

    Revenue $64,709ADR $226Occ ≈ 78%4.7★ (71)

    AirbnbVrboBooking

  • Tranquil Cabin, Sleeps 8, Screened Porch, Firepit

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

    Revenue $15,735ADR $223Occ ≈ 19%2.9★ (3)

    AirbnbVrboBooking

  • Gorgeous View of Smoky Mountains from an oversized hottub - Unmatched Mtn views!

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.3 mi

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

    Revenue $57,389ADR $283Occ ≈ 56%4.9★ (385)

    Vrbo

  • Fire Pit, Mini Golf, Hot Tub, Views, 350MB+ WIFI

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

    Revenue $75,882ADR $277Occ ≈ 75%5★ (272)

    AirbnbVrbo

  • Smoky Mtn NP Hot Tub 4 Miles Downtown Gatlinburg

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.3 mi

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

    Revenue $58,313ADR $249Occ ≈ 64%4.7★ (132)

    AirbnbVrboBooking

  • Mountain views, hot tub, & great deck space!

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

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

    Revenue $59,029ADR $349Occ ≈ 46%4.8★ (24)

    AirbnbVrbo

  • Screened Porch Retreat • Hot Tub • Fire Pit

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

    Revenue $71,986ADR $238Occ ≈ 83%5★ (203)

    AirbnbVrboBooking

  • Smoky Mountain High: Where the Mountains Lift You

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

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

    Revenue $42,157ADR $245Occ ≈ 47%4.6★ (54)

    AirbnbVrboBooking

  • Fall True log cabin Mins to Smokies & hot tub

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

    Revenue $35,276ADR $252Occ ≈ 38%5★ (395)

    AirbnbVrbo

  • Family Escape: Hot Tub, Arcade, Fire Pit & Deck

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

    Revenue $46,332ADR $194Occ ≈ 65%4.8★ (229)

    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
Management
Term

Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium

Est. revenue

$54,220

NOI

$30,434

Cash flow /mo

-$422

Cash needed

$175,671

Cash-on-cash

-2.9%

ROE (yr 1)

8.0%

Cap rate

5.7%

DSCR

0.86

Year-1 write-off

$146,599

Year-1 tax shield @ 32%

$46,912

Year-1 return on equity

  • Cash flow (annual)-$5,060
  • Principal paydown$3,222
  • Appreciation at%$15,897
ROE8.0%

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)$10,844
  • Platform fees (3% of revenue)$1,627
  • Maintenance / capex (5% of revenue)$2,711
  • Utilities & supplies$4,200
  • HOA$192
  • Property tax$1,033
  • Insurance (STR-rated)$3,179

Cash needed to close

  • Down payment (25%)$132,475
  • Closing costs (4.0%)$21,196
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$46,912

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

$482,000

Short-life (5/15-yr)

$124,000 · 26%

Year-1 deduction

$147,000

Year-1 tax shield @ 32%

$47,000

Land 9% (county tax record, market value split) · building $358,000 over 39 years · new furniture $22,000

Based on: 1,166 sq ft, built 2000, 2 bd / 2.5 ba, unfurnished, listing features (hot tub, deck, patio, game room, fireplace, flooring types, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $96,000 in year 1 (15% short-life, $31,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$94,000
  • Kitchen cabinetsdefault

    $8,400 new × 40% good × 3.62 allocation

    $12,100
  • Kitchen countertopsdefault

    $6,800 new × 40% good × 3.62 allocation

    $9,900
  • Decorative trimdefault

    $2,000 new × 40% good × 3.62 allocation

    $3,000
  • Mirrorsdefault

    $300 new × 40% good × 3.62 allocation

    $400
  • Shelvingdefault

    $900 new × 40% good × 3.62 allocation

    $1,300
  • Window coverings (12)default

    $3,000 new × 40% good × 3.62 allocation

    $4,300
  • Kitchen & laundry equipment plumbingdefault

    $6,500 new × 48% good × 3.62 allocation

    $11,300
  • Kitchen, laundry & data equipment electricaldefault

    $3,900 new × 48% good × 3.62 allocation

    $6,800
  • Appliances (range, microwave, refrigerator, washer, dryer)listing

    $6,700 new × 40% good × 3.62 allocation

    $9,700
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 3.62 allocation

    $13,000
  • Furniture bought newlisting

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

    $16,000
  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$52,300
  • Paving: driveway & walks (paved)listing

    $7,100 new × 50% good × 3.62 allocation

    $12,800
  • Landscaping (minimal)listing

    $3,400 new × 50% good × 3.62 allocation

    $6,200
  • Patioslisting

    $5,200 new × 50% good × 3.62 allocation

    $9,500
  • Decks & porches (attached)listing

    $13,100 new × 50% good × 3.62 allocation

    $23,800
Building, 39-year$358,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $126,200 new × 57% good × 3.62 allocation

    $259,100
  • Building plumbing & fixturesdefault

    $13,100 new × 48% good × 3.62 allocation

    $22,700
  • Building electrical & lightingdefault

    $12,100 new × 48% good × 3.62 allocation

    $21,000
  • HVACdefault

    $13,100 new × 40% good × 3.62 allocation

    $19,000
  • Hardwood & tile floorsdefault

    $7,500 new × 40% good × 3.62 allocation

    $10,900
  • Fireplacelisting

    $2,600 new × 40% good × 3.62 allocation

    $3,800
  • Septic systemlisting

    $12,000 new × 50% good × 3.62 allocation

    $21,700

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$94,000$52,300$400$146,600
2$0$0$9,200$9,200
3$0$0$9,200$9,200
4$0$0$9,200$9,200
5$0$0$9,200$9,200
6+$0$0$321,100$321,100
Total$94,000$52,300$358,300$504,500

The building's share of the price ($482,000) is 3.6x our depreciated replacement cost of the home ($133,000). 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.