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

2252 Misty Shadows Dr

2252 Misty Shadows Dr

Sevierville, TN 37862

$899,900

2 bd · 2.5 ba · 2,720 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2023

Sqft

2,720

Lot sqft

67,954

HOA / mo

None

Furnished

No

List date

2026-10-14T21:49:32.000000Z

Revenue

Annual revenue

$50,814

ADR

$267

Occupancy

52%

Cleaning fees (12 mo)

$9,604

Confidence

Med (58.63), 33 comps

Comp revenue range (p25 / median / p75)

$31,962$45,592$56,795

Median revenue of shown comps: $46,079

  • Private Pool, Hot Tub, Game Room + Free Tickets

    House · 2 bd · 3 ba · sleeps 8 · 430 ft

    Revenue $37,997ADR $538Occ ≈ 19%—

    AirbnbVrbo

  • Hot Tub, Fire Pit, Pool Table, 2 Kings, Mtn Views

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

    Revenue $53,007ADR $1,507Occ ≈ 10%—

    Airbnb

  • Charming Cabin with Hot Tub & Pool Access!

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

    Revenue $60,695ADR $216Occ ≈ 77%4.8★ (232)

    Airbnb

  • Chic Boho~Private Mtn View Cabin~Hottub & 2 Kings

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

    Revenue $45,796ADR $213Occ ≈ 59%4.7★ (12)

    AirbnbVrboBooking

  • Chic Boho~Private Mtn View Cabin~Hottub & 2Kings

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

    Revenue $40,390ADR $220Occ ≈ 50%4.7★ (114)

    AirbnbVrbo

  • Mountain VIEWS, Dollywood, GSMP, EV Chrgr, Hot Tub

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

    Revenue $60,375ADR $252Occ ≈ 66%4.9★ (149)

    AirbnbVrbo

  • Beside the Bears

    Cabin · 2 bd · 3 ba · sleeps 7 · 0.4 mi

    Revenue $45,388ADR $218Occ ≈ 57%4.8★ (11)

    AirbnbVrbo

  • Peaceful 2BR w/MTN Views*Hot Tub*Arcade Games

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

    Revenue $65,174ADR $250Occ ≈ 71%4.8★ (70)

    AirbnbVrbo

  • Secluded Smoky Mountain Escape - Peaceful, Private

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

    Revenue $59,744ADR $265Occ ≈ 62%4.9★ (115)

    AirbnbVrbo

  • Luxury Cabin Close to Gatlinburg & Pigeon Forge

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

    Revenue $38,882ADR $244Occ ≈ 44%4★ (3)

    AirbnbVrbo

Show 15 more
  • Scenic Mountain Views, Hot Tub Retreat, Fire pit

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

    Revenue $19,591ADR $177Occ ≈ 30%4.8★ (14)

    AirbnbBooking

  • Heavenly Bear by Bear Camp

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

    Revenue $50,392ADR $233Occ ≈ 59%4★ (33)

    AirbnbVrbo

  • Cabin w/Indoor Pool, Game Room, Hot Tub & Fire Pit

    Cabin · 2 bd · 3 ba · sleeps 8 · 0.6 mi

    Revenue $72,364ADR $366Occ ≈ 54%4.3★ (10)

    AirbnbVrboBooking

  • Serene Forest Retreat With Hot Tub & Firepit

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

    Revenue $61,391ADR $243Occ ≈ 69%5★ (202)

    AirbnbVrbo

  • Peek-A-View

    Chalet · 2 bd · 2 ba · sleeps 4 · 0.6 mi

    Revenue $33,398ADR $245Occ ≈ 37%—

    Booking

  • Mountain Escape w/Hot Tub, Pool Table & Arcade

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

    Revenue $49,193ADR $312Occ ≈ 43%5★ (220)

    AirbnbVrbo

  • Smoky Mtn Views | Theater, Hot Tub & Game Room

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.6 mi

    Revenue $104,676ADR $337Occ ≈ 85%5★ (71)

    AirbnbVrbo

  • 2 bedroom 2 bath Cabin Gameroom-Wears Valley-Just 5 miles from Parkway

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

    Revenue $32,909ADR $186Occ ≈ 48%3.8★ (33)

    VrboBooking

  • Mountain Dew } Sleeps 6 - Cozy Authentic Log Cabin

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

    Revenue $30,693ADR $198Occ ≈ 42%4.7★ (322)

    AirbnbVrbo

  • Secluded. Pool access & hot tub, but close to town

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

    Revenue $31,413ADR $254Occ ≈ 34%4.8★ (140)

    AirbnbVrbo

  • Peek-A-View - Affordable Pet Friendly Cabin

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.7 mi

    Revenue $32,530ADR $239Occ ≈ 37%4.9★ (58)

    AirbnbVrbo

  • *Creekside, Smoky Mountain, family-friendly cabin!

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

    Revenue $58,704ADR $216Occ ≈ 74%5★ (41)

    Airbnb

  • Mountain Bearadise Pure Mountain Paradise

    Chalet · 2 bd · 2 ba · sleeps 4 · 0.7 mi

    Revenue $57,075ADR $236Occ ≈ 66%2★ (1)

    Booking

  • 2 King Suites, FirePit | 1Gig, HotTub, Views, Pets

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.7 mi

    Revenue $46,079ADR $237Occ ≈ 53%4.8★ (319)

    AirbnbVrboBooking

  • Cabin for Your Enjoyment

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.7 mi

    Revenue $8,786ADR $2,784Occ ≈ 1%—

    Airbnb

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

$50,814

NOI

$23,974

Cash flow /mo

-$3,025

Cash needed

$282,971

Cash-on-cash

-12.8%

ROE (yr 1)

-1.4%

Cap rate

2.7%

DSCR

0.40

Year-1 write-off

$194,011

Year-1 tax shield @ 32%

$62,084

Year-1 return on equity

  • Cash flow (annual)-$36,304
  • Principal paydown$5,472
  • Appreciation at%$26,997
ROE-1.4%

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)$10,163
  • Platform fees (3% of revenue)$1,524
  • Maintenance / capex (5% of revenue)$2,541
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$3,013
  • Insurance (STR-rated)$5,399

Cash needed to close

  • Down payment (25%)$224,975
  • Closing costs (4.0%)$35,996
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$62,084

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

$821,000

Short-life (5/15-yr)

$171,000 · 21%

Year-1 deduction

$194,000

Year-1 tax shield @ 32%

$62,000

Land 9% (county tax record, market value split) · building $650,000 over 39 years · new furniture $22,000

Based on: 2,720 sq ft, built 2023, 2 bd / 2.5 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $110,000 in year 1 (11% short-life, $35,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$122,200
  • Kitchen cabinetsdefault

    $11,800 new × 88% good × 1.67 allocation

    $17,300
  • Kitchen countertopsdefault

    $9,600 new × 88% good × 1.67 allocation

    $14,200
  • Decorative trimdefault

    $4,800 new × 88% good × 1.67 allocation

    $7,000
  • Mirrorsdefault

    $300 new × 75% good × 1.67 allocation

    $400
  • Shelvingdefault

    $900 new × 88% good × 1.67 allocation

    $1,300
  • Window coverings (27)default

    $6,800 new × 70% good × 1.67 allocation

    $7,900
  • Carpet, vinyl & laminate (40% of floors)default

    $7,000 new × 75% good × 1.67 allocation

    $8,800
  • Kitchen & laundry equipment plumbingdefault

    $9,200 new × 94% good × 1.67 allocation

    $14,400
  • Kitchen, laundry & data equipment electricaldefault

    $5,500 new × 94% good × 1.67 allocation

    $8,700
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 75% good × 1.67 allocation

    $9,700
  • Hot tub (freestanding)listing

    $9,000 new × 70% good × 1.67 allocation

    $10,500
  • 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$71,100
  • Paving: driveway & walks (paved)default

    $10,800 new × 88% good × 1.67 allocation

    $15,900
  • Landscaping (minimal)listing

    $5,200 new × 88% good × 1.67 allocation

    $7,700
  • Patiosdefault

    $2,700 new × 88% good × 1.67 allocation

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

    $30,600 new × 85% good × 1.67 allocation

    $43,500
Building, 39-year$649,500
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $296,000 new × 95% good × 1.67 allocation

    $470,700
  • Building plumbing & fixturesdefault

    $30,700 new × 94% good × 1.67 allocation

    $48,200
  • Building electrical & lightingdefault

    $31,800 new × 94% good × 1.67 allocation

    $50,000
  • HVACdefault

    $30,600 new × 85% good × 1.67 allocation

    $43,600
  • Hardwood & tile floorsdefault

    $10,500 new × 88% good × 1.67 allocation

    $15,500
  • Fireplacelisting

    $2,600 new × 88% good × 1.67 allocation

    $3,900
  • Septic systemlisting

    $12,000 new × 88% good × 1.67 allocation

    $17,700

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$122,200$71,100$700$194,000
2$0$0$16,700$16,700
3$0$0$16,700$16,700
4$0$0$16,700$16,700
5$0$0$16,700$16,700
6+$0$0$582,200$582,200
Total$122,200$71,100$649,500$842,900

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.