STR Yield
← Back to deals

Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

520 Ogle Dr

520 Ogle Dr

Pigeon Forge, TN 37863

$525,000

2 bd · 2.5 ba · 1,300 sqft · Listed 1d ago

View on Realtor.com →
Rental historyNegative cash flow

Year built

2004

Sqft

1,300

Lot sqft

23,087

HOA / mo

None

Furnished

No

List date

2026-09-28T20:31:54.000000Z

Revenue

Annual revenue

$48,121

ADR

$219

Occupancy

60%

Cleaning fees (12 mo)

$10,081

Confidence

Low (42.25), 47 comps

Comp revenue range (p25 / median / p75)

$22,031$31,154$51,770
  • Black Beary Bungalow Hot Tub, Pool Table & Arcade

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 16 ft

    Revenue $54,005ADR $212Occ ≈ 70%4.9★ (77)

    AirbnbVrbo

  • Gorgeous Rustic Cabin with Hot Tub and Jacuzzi near Attractions of Pigeon Forge, Tennessee

    Cabin · 2 bd · 2 ba · sleeps 6 · 118 ft

    Revenue $9,943ADR $397Occ ≈ 7%—

    Vrbo

  • Tucked away feeling while close to all the action!

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 184 ft

    Revenue $44,213ADR $224Occ ≈ 54%4.5★ (66)

    AirbnbVrboBooking

  • Bearly Mine by American Patriot Getaways

    Vacation home · 2 bd · 2 ba · sleeps 4 · 203 ft

    Revenue $57,659ADR $224Occ ≈ 71%3★ (1)

    Booking

  • Luxe Cabin | Resort Pool, Games * Near Parkway

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 305 ft

    Revenue $63,729ADR $309Occ ≈ 57%5★ (184)

    AirbnbVrbo

  • Ridge resort cabin , Pigeon Forge, Smoky Mountain

    Cabin · 2 bd · 3 ba · sleeps 8 · 384 ft

    Revenue $54,819ADR $198Occ ≈ 76%4.8★ (180)

    AirbnbVrbo

  • Pool Table + Deck! Pigeon Forge Cabin 1 Mi to Town

    Cabin · 2 bd · 3 ba · sleeps 8 · 387 ft

    Revenue $80,024ADR $304Occ ≈ 72%4.7★ (27)

    AirbnbVrboBooking

  • Modern, Cozy Cabin Close to Major Attractions!

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 394 ft

    Revenue $31,154ADR $245Occ ≈ 35%5★ (33)

    AirbnbVrbo

  • Cozy Cabin w/ Pool Table, Wi-Fi

    House · 2 bd · 2.5 ba · sleeps 8 · 0.1 mi

    Revenue $57,005ADR $243Occ ≈ 64%5★ (94)

    AirbnbVrbo

  • Close to PF Parkway! Hot Tub • Foosball • Arcade

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

    Revenue $67,005ADR $256Occ ≈ 72%4.9★ (185)

    AirbnbVrbo

Show all 47 comps
  • *New 2BD Retreat* Hot Tub + Game Room + NEAR Town!

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.1 mi

    Revenue $80,228ADR $277Occ ≈ 79%5★ (221)

    AirbnbVrbo

  • Pet-friendly off Parkway, w/hot tub & gaming loft

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

    Revenue $7,452ADR $332Occ ≈ 6%5★ (4)

    Airbnb

  • Charming 2BD w Scenic Views! HOT TUB! Pool

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

    Revenue $39,838ADR $219Occ ≈ 50%4.8★ (204)

    AirbnbVrbo

  • Real Log Cabin 2 Bedroom, 2 Full Bath, Full Kitchen Close To All Attractions.

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

    Revenue $31,424ADR $212Occ ≈ 41%4.8★ (316)

    Vrbo

  • New Cabin-Hot Tub-Dollywood-Theater-Pool Table

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.2 mi

    Revenue $76,141ADR $364Occ ≈ 57%5★ (126)

    AirbnbVrbo

  • Long Overdue - Hot tub and cozy spaces!

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.2 mi

    Revenue $52,207ADR $266Occ ≈ 54%4.8★ (17)

    AirbnbVrbo

  • Brookstone Cottage

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

    Revenue $19,041ADR $239Occ ≈ 22%4.8★ (326)

    AirbnbVrbo

  • Southern Comfort - Easy drive! Walk to Pool!

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

    Revenue $46,456ADR $273Occ ≈ 47%4.9★ (218)

    AirbnbVrbo

  • The Inn on Tinker Hollow/ Great Smoky Mountains

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

    Revenue $19,466ADR $167Occ ≈ 32%5★ (28)

    Airbnb

  • Five-Star Cabin, Near Parkway, No Steep Roads

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

    Revenue $42,607ADR $252Occ ≈ 46%5★ (11)

    Airbnb

  • Kestrels Keep- Pigeon Forge, TN!

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.2 mi

    Revenue $59,945ADR $221Occ ≈ 74%5★ (93)

    AirbnbVrboBooking

  • Bear Cozy: Snuggle Up in the Smokies

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

    Revenue $8,318ADR $237Occ ≈ 10%4★ (1)

    AirbnbVrbo

  • Almost Heaven Minutes to the Parkway

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

    Revenue $40,008ADR $182Occ ≈ 60%4.8★ (210)

    AirbnbVrboBooking

  • Cozy 2BD w/ Fireplace + Pool Table | Close to TOWN

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.4 mi

    Revenue $37,641ADR $236Occ ≈ 44%4.5★ (17)

    AirbnbVrbo

  • Cozy Cottage w/Hot Tub 1/2 Mile From the Parkway!

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

    Revenue $26,073ADR $172Occ ≈ 42%4.8★ (128)

    AirbnbVrbo

  • Country Elegances

    House · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $25,997ADR $224Occ ≈ 32%5★ (57)

    AirbnbVrbo

  • My Favorite Place | Great Views, Jetted Tub,

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $51,333ADR $241Occ ≈ 58%5★ (5)

    AirbnbVrboBooking

  • Smoky Mountain Chalet | Pool | Steps to Parkway

    Chalet · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $23,688ADR $194Occ ≈ 33%4.9★ (138)

    AirbnbVrbo

  • Cozy 2BR home Flat Roads Walk to Parkway

    House · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $29,034ADR $122Occ ≈ 65%5★ (19)

    AirbnbVrbo

  • 2king-size beds. lazy river.2 pools. Hot tub

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $30,955ADR $133Occ ≈ 64%4.8★ (5)

    Airbnb

  • Walk to Parkway, hot tub, fire pit & games

    House · 2 bd · 2.5 ba · sleeps 6 · 0.5 mi

    Revenue $46,051ADR $219Occ ≈ 58%5★ (52)

    Airbnb

  • "Amazing Grace II" 2 Bedroom Vacation Home

    House · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $13,495ADR $246Occ ≈ 15%—

    AirbnbVrbo

  • Mountain Music Vacation Home

    House · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $273ADR $136Occ ≈ 1%—

    Vrbo

  • Entire Home in Pigeon Forge

    House · 2 bd · 2.5 ba · sleeps 6 · 0.6 mi

    Revenue $3,177ADR $244Occ ≈ 4%—

    AirbnbVrbo

  • Whispering Pine 653| Two Bedroom| Two Bathroom | Sleeps 6 | Jacuzzi Tub

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $29,883ADR $193Occ ≈ 42%4.8★ (10)

    VrboBooking

  • Whispering Pine 653| Two Bedroom| Two Bathroom | S

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $29,894ADR $199Occ ≈ 41%4.5★ (31)

    AirbnbVrboBooking

  • Cozy Creek

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

    Revenue $25,643ADR $215Occ ≈ 33%4.9★ (109)

    AirbnbVrbo

  • Cozy House in the Heart of Pigeon Forge

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

    Revenue $4,079ADR $185Occ ≈ 6%—

    AirbnbVrbo

  • Creekside Cottage with a Hot Tub

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

    Revenue $53,421ADR $253Occ ≈ 58%4.7★ (75)

    AirbnbVrboBooking

  • Country in the City

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

    Revenue $16,298ADR $226Occ ≈ 20%5★ (142)

    AirbnbVrbo

  • "Mountain Music" 2 Bedroom Home

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

    Revenue $10,123ADR $287Occ ≈ 10%—

    Airbnb

  • Close to everything! Trolley stop - Hot Tub & Pool - No Steep Roads - Cinnamon Cottage

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

    Revenue $40,586ADR $185Occ ≈ 60%4.8★ (278)

    AirbnbVrbo

  • Two Cubs Cottage

    House · 2 bd · 2 ba · sleeps 5 · 0.6 mi

    Revenue $26,520ADR $214Occ ≈ 34%4.9★ (69)

    AirbnbVrbo

  • Rotties' Retreat

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

    Revenue $34,355ADR $304Occ ≈ 31%—

    Booking

  • Rotties' Retreat

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

    Revenue $26,968ADR $320Occ ≈ 23%5★ (4)

    Vrbo

  • Modern Mountain Chalet Near Parkway – Ideal for Family Adventures!

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

    Revenue $26,514ADR $175Occ ≈ 42%4.8★ (184)

    Vrbo

  • Cozy Cottage

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

    Revenue $20,373ADR $213Occ ≈ 26%4.9★ (140)

    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
Term

Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

Est. revenue

$48,121

NOI

$25,371

Cash flow /mo

-$715

Cash needed

$174,250

Cash-on-cash

-4.9%

ROE (yr 1)

6.1%

Cap rate

4.8%

DSCR

0.75

Year-1 write-off

$107,556

Year-1 tax shield @ 32%

$34,418

Year-1 return on equity

  • Cash flow (annual)-$8,577
  • Principal paydown$3,436
  • Appreciation at%$15,750
ROE6.1%
ROE incl. year-1 tax savings (32% bracket, STR loophole)25.8%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$9,624
  • Platform fees (3% of revenue)$1,444
  • Maintenance / capex (5% of revenue)$2,406
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$1,926
  • Insurance (STR-rated)$3,150

Cash needed to close

  • Down payment (25%)$131,250
  • Closing costs (4.0%)$21,000
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$34,418

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

$453,000

Short-life (5/15-yr)

$84,000 · 19%

Year-1 deduction

$108,000

Year-1 tax shield @ 32%

$34,000

Land 14% (county tax record, market value split) · building $369,000 over 39 years · new furniture $22,000

Based on: 1,300 sq ft, built 2004, 2 bd / 2.5 ba, unfurnished, listing features (game room, fireplace, flooring types, appliance list, septic).

IRS-guide safe-harbor floor: $82,000 in year 1 (13% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$80,000
  • Kitchen cabinetsdefault

    $8,700 new × 40% good × 3.06 allocation

    $10,600
  • Kitchen countertopsdefault

    $7,100 new × 40% good × 3.06 allocation

    $8,700
  • Decorative trimdefault

    $2,300 new × 40% good × 3.06 allocation

    $2,800
  • Mirrorsdefault

    $300 new × 40% good × 3.06 allocation

    $400
  • Shelvingdefault

    $900 new × 40% good × 3.06 allocation

    $1,100
  • Window coverings (13)default

    $3,300 new × 40% good × 3.06 allocation

    $4,000
  • Carpet, vinyl & laminate (25% of floors)listing

    $2,100 new × 40% good × 3.06 allocation

    $2,600
  • Kitchen & laundry equipment plumbingdefault

    $6,700 new × 56% good × 3.06 allocation

    $11,500
  • Kitchen, laundry & data equipment electricaldefault

    $4,100 new × 56% good × 3.06 allocation

    $7,000
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 3.06 allocation

    $9,400
  • 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$26,400
  • Paving: driveway & walks (paved)default

    $7,500 new × 50% good × 3.06 allocation

    $11,400
  • Landscaping (typical)default

    $7,200 new × 50% good × 3.06 allocation

    $11,000
  • Patiosdefault

    $1,300 new × 50% good × 3.06 allocation

    $2,000
  • Decks & porches (attached)default

    $1,300 new × 50% good × 3.06 allocation

    $2,000
Building, 39-year$368,900
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $140,800 new × 63% good × 3.06 allocation

    $273,100
  • Building plumbing & fixturesdefault

    $14,600 new × 56% good × 3.06 allocation

    $25,000
  • Building electrical & lightingdefault

    $13,800 new × 56% good × 3.06 allocation

    $23,600
  • HVACdefault

    $14,600 new × 40% good × 3.06 allocation

    $17,900
  • Hardwood & tile floorsdefault

    $6,300 new × 40% good × 3.06 allocation

    $7,700
  • Fireplacelisting

    $2,600 new × 40% good × 3.06 allocation

    $3,200
  • Septic systemlisting

    $12,000 new × 50% good × 3.06 allocation

    $18,400

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$80,000$26,400$1,200$107,600
2$0$0$9,500$9,500
3$0$0$9,500$9,500
4$0$0$9,500$9,500
5$0$0$9,500$9,500
6+$0$0$329,800$329,800
Total$80,000$26,400$368,900$475,200

The building's share of the price ($453,000) is 3.1x our depreciated replacement cost of the home ($148,000). 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 and Georgia 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.