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

2539 Raccoon Hollow Way

2539 Raccoon Hollow Way

Sevierville, TN 37862

$849,000

3 bd · 3 ba · 2,288 sqft · Listed 2d ago

View on Realtor.com →
Negative cash flow

Year built

2007

Sqft

2,288

Lot sqft

39,204

HOA / mo

$50

Furnished

No

List date

2026-10-09T10:14:26.000000Z

Revenue

Annual revenue

$66,653

ADR

$302

Occupancy

60%

Cleaning fees (12 mo)

$12,340

Confidence

Med (54.23), 48 comps

Comp revenue range (p25 / median / p75)

$45,801$61,616$80,759

Median revenue of shown comps: $59,376

  • True Luxury Rustic Wood Breathtaking MountainsView

    Cabin · 3 bd · 2 ba · sleeps 6 · 112 ft

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

    Revenue $52,062ADR $258Occ ≈ 55%4.9★ (358)

    AirbnbVrbo

  • Smoky Mountain Skys: Pet Friendly w/ Hot Tub

    Cabin · 3 bd · 3 ba · sleeps 10 · 164 ft

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

    Revenue $33,682ADR $329Occ ≈ 28%4.5★ (4)

    AirbnbVrbo

  • Take My Breath Away - Impressive Panoramic Vistas

    House · 3 bd · 3 ba · sleeps 8 · 427 ft

    Revenue $83,214ADR $273Occ ≈ 84%4.3★ (12)

    AirbnbBooking

  • MOUNTAINTOP EXPERIENCE - Private Panoramic Views of the Great Smoky Mountains

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 495 ft

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

    Revenue $65,073ADR $373Occ ≈ 48%5★ (256)

    Vrbo

  • Hot Tub | Pool Table | View | 3 King Beds

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

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

    Revenue $79,211ADR $308Occ ≈ 70%5★ (159)

    AirbnbVrboBooking

  • Grandview Cabin

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.1 mi

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

    Revenue $45,801ADR $224Occ ≈ 56%4.8★ (76)

    AirbnbVrbo

  • Panoramic Mtn Views • Hot Tub • Family Game Room

    Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.1 mi

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

    Revenue $100,737ADR $346Occ ≈ 80%4.9★ (236)

    AirbnbVrbo

  • Mountain Views*Hot Tub*Game Room*Fishing

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

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

    Revenue $97,530ADR $328Occ ≈ 81%4.7★ (13)

    AirbnbVrbo

  • MajesticViews!~WoodFirePlace~Hot Tub~PoolTable

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.2 mi

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

    Revenue $70,111ADR $292Occ ≈ 66%5★ (206)

    AirbnbVrbo

  • Happy Daze in the Valley: Where Good Times Roll

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

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

    Revenue $43,324ADR $274Occ ≈ 43%4.7★ (6)

    AirbnbVrbo

Show 29 more
  • Honey Bear Hollow Hot Tub Fire Place Game Room

    Vacation home · 3 bd · 3 ba · sleeps 6 · 0.2 mi

    Revenue $80,759ADR $295Occ ≈ 75%4.8★ (2)

    Booking

  • Double Deck Views & Games in Sevierville Cabin

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

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

    Revenue $94,418ADR $322Occ ≈ 80%4.8★ (113)

    AirbnbVrbo

  • Mtn. View, Hot tub, Attraction Tickets, Fireplace

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

    Revenue $17,217ADR $324Occ ≈ 15%4.9★ (236)

    AirbnbBooking

  • Wears Valley Cabin, Smoky Mtns, Hot Tub, Game Room

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.2 mi

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

    Revenue $50,015ADR $295Occ ≈ 46%5★ (25)

    Airbnb

  • High Cotton Epic Views Hot Tub Pool Table

    Vacation home · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $45,058ADR $310Occ ≈ 40%—

    Booking

  • High Cotton | Epic Views, Hot Tub, & Pool Table!

    Cabin · 3 bd · 2.5 ba · sleeps 9 · 0.3 mi

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

    Revenue $66,569ADR $416Occ ≈ 44%4.5★ (13)

    AirbnbVrbo

  • Hook, Line and Sinker Cabin features firepit and hot tub!

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $9,505ADR $544Occ ≈ 5%4.5★ (1)

    Booking

  • Cozy Cabin with Stunning Views! Close to it all!

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

    Revenue $23,723ADR $215Occ ≈ 30%4.8★ (225)

    Delisted

  • Hook Line & Sinker, Free Tickets, Hot Tub, WIFI

    Cabin · 3 bd · 2 ba · sleeps 9 · 0.3 mi

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

    Revenue $56,345ADR $256Occ ≈ 60%4★ (7)

    AirbnbVrbo

  • Big Porch and Wide Open Spaces

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

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

    Revenue $57,435ADR $379Occ ≈ 42%4.9★ (79)

    Vrbo

  • Storyteller Cabin: Smoky Mtn Views, Hot Tub, Firepit, Dog-Friendly, Sleeps 8

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

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

    Revenue $71,496ADR $310Occ ≈ 63%4.9★ (385)

    Vrbo

  • 3BR Wears Valley Cabin with Game Room & Hot Tub

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.3 mi

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

    Revenue $37,239ADR $299Occ ≈ 34%5★ (18)

    AirbnbVrboBooking

  • Fall Smokies Getaway | Views • Hot Tub • Games

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.3 mi

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

    Revenue $36,365ADR $285Occ ≈ 35%4.9★ (25)

    AirbnbVrbo

  • Luxury Cabin w/ Finnish Sauna | Views

    Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.3 mi

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

    Revenue $62,750ADR $407Occ ≈ 42%5★ (31)

    AirbnbVrbo

  • Harvest Moon - Cabin In The Smokies

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

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

    Revenue $62,539ADR $248Occ ≈ 69%4.9★ (49)

    AirbnbVrbo

  • "Timberwolf" 3 Bedroom Cabin

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

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

    Revenue $22,486ADR $327Occ ≈ 19%—

    AirbnbVrbo

  • Wears Valley - Relaxing - Lots of Amenities

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.3 mi

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

    Revenue $90,324ADR $387Occ ≈ 64%4.4★ (5)

    AirbnbVrbo

  • Private Indoor Pool, Hot Tub & Mountain Views

    Cabin · 3 bd · 4 ba · sleeps 10 · 0.4 mi

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

    Revenue $109,146ADR $591Occ ≈ 51%5★ (59)

    AirbnbVrbo

  • Cozy Cabin • Hot Tub, Fishing Pond & Game Room

    Cabin · 3 bd · 2 ba · sleeps 9 · 0.4 mi

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

    Revenue $61,339ADR $368Occ ≈ 46%4.8★ (38)

    AirbnbBooking

  • Bearadise Ridge - 4 miles from the GSMNP entrance!

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

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

    Revenue $61,616ADR $307Occ ≈ 55%4.9★ (216)

    AirbnbVrboBooking

  • Epic Mtn Views | Hot Tub • Game Room • Swim Pool

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

    • Hot tub
    • Pool
    • A/C
    • Pets OK
    • +4

    Revenue $32,195ADR $301Occ ≈ 29%4.8★ (17)

    AirbnbVrboBooking

  • Dreamy views of Smoky mountains

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

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

    Revenue $2,886ADR $412Occ ≈ 2%5★ (28)

    AirbnbVrbo

  • 3 BR Home w/ Hot Tub & Air Hockey Table

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

    Revenue $63,277ADR $360Occ ≈ 48%5★ (1)

    AirbnbBooking

  • Close to Hiking: Hot Tub Haven in Sevierville!

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

    Revenue $54,506ADR $250Occ ≈ 60%5★ (4)

    AirbnbBooking

  • Firefly Ridge! Cozy, Hot Tub, Fishing, & Fire Pit!

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

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

    Revenue $79,701ADR $332Occ ≈ 66%5★ (80)

    AirbnbVrbo

  • Smoky Mountain Slumber new 3 bed 3 bath/hot tub

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

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

    Revenue $3,484ADR $305Occ ≈ 3%5★ (2)

    AirbnbVrbo

  • Private Smokies Cabin, Hot Tub, 5 Decks, Fireplace

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

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

    Revenue $59,376ADR $266Occ ≈ 61%5★ (136)

    AirbnbVrbo

  • Deck Fireplace, Mtn Views, Hot Tub, Dog Friendly!

    Cabin · 3 bd · 3.5 ba · sleeps 7 · 0.5 mi

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

    Revenue $46,311ADR $386Occ ≈ 33%5★ (110)

    AirbnbVrbo

  • Sky High Views, Luxe 3 Bedroom Cabin w/ Hot Tub

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.5 mi

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

    Revenue $64,712ADR $351Occ ≈ 51%5★ (125)

    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
Management
Term

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

Est. revenue

$66,653

NOI

$36,004

Cash flow /mo

-$1,739

Cash needed

$265,710

Cash-on-cash

-7.9%

ROE (yr 1)

3.7%

Cap rate

4.2%

DSCR

0.63

Year-1 write-off

$155,748

Year-1 tax shield @ 32%

$49,839

Year-1 return on equity

  • Cash flow (annual)-$20,864
  • Principal paydown$5,163
  • Appreciation at%$25,470
ROE3.7%

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)$13,331
  • Platform fees (3% of revenue)$2,000
  • Maintenance / capex (5% of revenue)$3,333
  • Utilities & supplies$4,200
  • HOA$600
  • Property tax$2,092
  • Insurance (STR-rated)$5,094

Cash needed to close

  • Down payment (25%)$212,250
  • Closing costs (4.0%)$33,960
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$49,839

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

$714,000

Short-life (5/15-yr)

$136,000 · 19%

Year-1 deduction

$156,000

Year-1 tax shield @ 32%

$50,000

Land 16% (county tax record, market value split) · building $579,000 over 39 years · new furniture $20,000

Based on: 2,288 sq ft, built 2007, 3 bd / 3 ba, unfurnished, listing features (hot tub, deck, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $97,000 in year 1 (11% 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

    $10,800 new × 40% good × 2.57 allocation

    $11,100
  • Kitchen countertopsdefault

    $8,800 new × 40% good × 2.57 allocation

    $9,100
  • Decorative trimdefault

    $4,000 new × 40% good × 2.57 allocation

    $4,100
  • Mirrorsdefault

    $500 new × 40% good × 2.57 allocation

    $500
  • Shelvingdefault

    $1,200 new × 40% good × 2.57 allocation

    $1,200
  • Window coverings (23)default

    $5,800 new × 40% good × 2.57 allocation

    $5,900
  • Carpet, vinyl & laminate (25% of floors)listing

    $3,700 new × 40% good × 2.57 allocation

    $3,800
  • Kitchen & laundry equipment plumbingdefault

    $8,400 new × 62% good × 2.57 allocation

    $13,400
  • Kitchen, laundry & data equipment electricaldefault

    $5,100 new × 62% good × 2.57 allocation

    $8,100
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 2.57 allocation

    $7,900
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.57 allocation

    $9,300
  • Furniture bought newlisting

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

    $19,500
15-year land improvements$61,100
  • Paving: driveway & walks (paved)default

    $9,900 new × 50% good × 2.57 allocation

    $12,800
  • Landscaping (typical)default

    $9,500 new × 50% good × 2.57 allocation

    $12,300
  • Patiosdefault

    $2,300 new × 50% good × 2.57 allocation

    $2,900
  • Decks & porches (attached)listing

    $25,700 new × 50% good × 2.57 allocation

    $33,100
Building, 39-year$578,800
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $248,300 new × 68% good × 2.57 allocation

    $436,900
  • Building plumbing & fixturesdefault

    $25,800 new × 62% good × 2.57 allocation

    $41,100
  • Building electrical & lightingdefault

    $26,300 new × 62% good × 2.57 allocation

    $41,900
  • HVACdefault

    $25,800 new × 40% good × 2.57 allocation

    $26,500
  • Hardwood & tile floorsdefault

    $11,000 new × 40% good × 2.57 allocation

    $11,400
  • Fireplaces (2)listing

    $5,300 new × 40% good × 2.57 allocation

    $5,400
  • Septic systemlisting

    $12,000 new × 50% good × 2.57 allocation

    $15,400

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$94,000$61,100$600$155,700
2$0$0$14,800$14,800
3$0$0$14,800$14,800
4$0$0$14,800$14,800
5$0$0$14,800$14,800
6+$0$0$518,800$518,800
Total$94,000$61,100$578,800$733,900

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.