STR Yield
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Rate 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

184 Victorias Lndg

184 Victorias Lndg

Sevierville, TN 37862

$419,900

3 bd · 3 ba · 2,694 sqft · Listed 1d ago

View on Realtor.com →

Year built

2005

Sqft

2,694

Lot sqft

436

HOA / mo

$300

Furnished

No

List date

2026-10-29T18:55:56.000000Z

Revenue

Annual revenue

$65,189

ADR

$272

Occupancy

66%

Cleaning fees (12 mo)

$15,378

Confidence

Med (67.76), 16 comps

Comp revenue range (p25 / median / p75)

$51,784$62,444$70,198

Median revenue of shown comps: $61,956

  • Cabin Goals! Best Location | Pool & Hot Tub • Dogs

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

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

    Revenue $87,357ADR $428Occ ≈ 56%5★ (168)

    AirbnbVrboBooking

  • Indoor Pool | Hot Tub | Views | Pets | NERF Wars

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

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

    Revenue $106,698ADR $461Occ ≈ 63%5★ (183)

    AirbnbVrbo

  • 4 Miles to DollyWood! EZ City Drive, View, Sunrise

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

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

    Revenue $80,633ADR $367Occ ≈ 60%5★ (185)

    AirbnbVrbo

  • Modern Retreat | Hot Tub, Game Loft & Easy Access

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

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

    Revenue $49,238ADR $226Occ ≈ 60%4.8★ (170)

    AirbnbVrbo

  • Free Dollywood Tix/10Min2Dollywood/DogsOK

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

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

    Revenue $61,956ADR $279Occ ≈ 61%5★ (95)

    AirbnbVrbo

  • Into the Mystic - Chic decor, hot tub, & game room

    Cabin · 3 bd · 2 ba · sleeps 9 · 0.6 mi

    Revenue $71,462ADR $312Occ ≈ 63%4.8★ (44)

    Airbnb

  • Free Dollywood Tix/DogsOK/10Min2Dollywood

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

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

    Revenue $59,729ADR $280Occ ≈ 58%5★ (89)

    AirbnbVrbo

  • Modern | Location! | Theater-Arcade | Hot Tub

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

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

    Revenue $52,632ADR $267Occ ≈ 54%5★ (22)

    AirbnbVrbo

  • ★Yellowstone Themed Cabin/Theater/GameRoom/HotTub★

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

    Revenue $58,925ADR $245Occ ≈ 66%4.8★ (83)

    AirbnbBooking

  • Barrstone Ranch · ★Yellowstone Themed Cabin/Theater/GameRoom/HotTub★

    Cabin · 3 bd · 3 ba · sleeps 7 · 0.6 mi

    Revenue $43,106ADR $277Occ ≈ 43%5★ (3)

    Delisted

Show 5 more
  • SkyDeck 43 near Dollywood with Rooftop Hot Tub

    Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.7 mi

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

    Revenue $35,342ADR $258Occ ≈ 38%4.8★ (19)

    AirbnbVrbo

  • Dollywood | Bunks w/ Slide | Game Room | Hot Tub

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.7 mi

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

    Revenue $69,673ADR $303Occ ≈ 63%5★ (144)

    AirbnbVrbo

  • "Top Notch" 3 Bedroom Cabin

    House · 3 bd · 3.5 ba · sleeps 10 · 0.7 mi

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

    Revenue $23,133ADR $336Occ ≈ 19%—

    AirbnbVrbo

  • Paved Roads | Mins to Dollywood | Hot-Tub | Pets

    Cabin · 3 bd · 2.5 ba · sleeps 9 · 0.7 mi

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

    Revenue $62,932ADR $259Occ ≈ 67%4.8★ (52)

    AirbnbBooking

  • Free Dollywood Tix/10Min2Dollywood/Theater

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

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

    Revenue $69,776ADR $300Occ ≈ 64%5★ (172)

    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 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

Est. revenue

$65,189

NOI

$35,566

Cash flow /mo

$655

Cash needed

$141,271

Cash-on-cash

5.6%

ROE (yr 1)

16.3%

Cap rate

8.5%

DSCR

1.28

Year-1 write-off

$92,893

Year-1 tax shield @ 32%

$29,726

Year-1 return on equity

  • Cash flow (annual)$7,862
  • Principal paydown$2,636
  • Appreciation at%$12,597
ROE16.3%

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)$13,038
  • Platform fees (3% of revenue)$1,956
  • Maintenance / capex (5% of revenue)$3,259
  • Utilities & supplies$4,200
  • HOA$3,600
  • Property tax$1,051
  • Insurance (STR-rated)$2,519

Cash needed to close

  • Down payment (25%)$104,975
  • Closing costs (4.0%)$16,796
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$29,726

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

$387,000

Short-life (5/15-yr)

$73,000 · 19%

Year-1 deduction

$93,000

Year-1 tax shield @ 32%

$30,000

Land 8% (county tax record, market value split) · building $314,000 over 39 years · new furniture $20,000

Based on: 2,694 sq ft, built 2005, 3 bd / 3 ba, unfurnished, listing features (hot tub, deck, patio, fireplace, stone counters, flooring types, appliance list, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $58,000 in year 1 (10% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$55,400
  • Kitchen cabinetsdefault

    $11,700 new × 40% good × 1.27 allocation

    $6,000
  • Kitchen countertops (stone)listing

    $12,000 new × 40% good × 1.27 allocation

    $6,100
  • Decorative trimdefault

    $4,700 new × 40% good × 1.27 allocation

    $2,400
  • Mirrorsdefault

    $500 new × 40% good × 1.27 allocation

    $200
  • Shelvingdefault

    $1,200 new × 40% good × 1.27 allocation

    $600
  • Window coverings (27)default

    $6,800 new × 40% good × 1.27 allocation

    $3,400
  • Kitchen & laundry equipment plumbingdefault

    $9,100 new × 58% good × 1.27 allocation

    $6,700
  • Kitchen, laundry & data equipment electricaldefault

    $5,500 new × 58% good × 1.27 allocation

    $4,100
  • Appliances (range, microwave, dishwasher)listing

    $3,500 new × 40% good × 1.27 allocation

    $1,800
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 1.27 allocation

    $4,600
  • Furniture bought newlisting

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

    $19,500
15-year land improvements$37,200
  • Paving: driveway & walks (paved)default

    $10,800 new × 50% good × 1.27 allocation

    $6,900
  • Landscaping (minimal)listing

    $5,200 new × 50% good × 1.27 allocation

    $3,300
  • Patioslisting

    $12,100 new × 50% good × 1.27 allocation

    $7,700
  • Decks & porches (attached)listing

    $30,300 new × 50% good × 1.27 allocation

    $19,300
Building, 39-year$313,500
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $292,700 new × 65% good × 1.27 allocation

    $242,300
  • Building plumbing & fixturesdefault

    $30,400 new × 58% good × 1.27 allocation

    $22,400
  • Building electrical & lightingdefault

    $31,400 new × 58% good × 1.27 allocation

    $23,200
  • HVACdefault

    $30,300 new × 40% good × 1.27 allocation

    $15,500
  • Hardwood & tile floorsdefault

    $17,300 new × 40% good × 1.27 allocation

    $8,800
  • Fireplacelisting

    $2,600 new × 40% good × 1.27 allocation

    $1,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$55,400$37,200$300$92,900
2$0$0$8,000$8,000
3$0$0$8,000$8,000
4$0$0$8,000$8,000
5$0$0$8,000$8,000
6+$0$0$281,000$281,000
Total$55,400$37,200$313,500$406,100

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.