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Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

1728 Summit View Way

1728 Summit View Way

Sevierville, TN 37862

$975,000

5 bd · 4 ba · 2,246 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2004

Sqft

2,246

Lot sqft

—

HOA / mo

$150

Furnished

No

List date

2026-10-07T14:51:59.000000Z

Revenue

Annual revenue

$78,312

ADR

$371

Occupancy

58%

Cleaning fees (12 mo)

$12,559

Confidence

Low (50.54), 43 comps

Comp revenue range (p25 / median / p75)

$51,620$86,507$95,941

Median revenue of shown comps: $86,738

  • Spacious Cabin, Sleeps 16, Games, Near Downtown

    Cabin · 5 bd · 4 ba · sleeps 16 · 52 ft

    Revenue $44,667ADR $447Occ ≈ 27%5★ (16)

    AirbnbVrboBooking

  • Pigeon Forge - Wet Bar - Pool - Easy Access Roads

    Cabin · 5 bd · 4 ba · sleeps 12 · 79 ft

    Revenue $85,144ADR $497Occ ≈ 47%4.7★ (11)

    AirbnbVrbo

  • 5 Bdrm* Pool* Hot Tub* Mnt View* Game Rm*Dollywood

    Cabin · 5 bd · 4 ba · sleeps 14 · 154 ft

    Revenue $124,354ADR $442Occ ≈ 77%5★ (205)

    AirbnbVrbo

  • Luxury Lodge • Hot Tub • Game Room • Kid Friendly

    House · 5 bd · 4 ba · sleeps 12 · 164 ft

    Revenue $62,575ADR $408Occ ≈ 42%5★ (31)

    AirbnbVrbo

  • *Spacious 5BD Lodge w/ VIEWS | Theater + Hot Tub*

    Cabin · 5 bd · 4 ba · sleeps 12 · 174 ft

    Revenue $74,066ADR $458Occ ≈ 44%4.6★ (33)

    AirbnbVrbo

  • Stunning 5BD Cabin! HOT TUB +Close to Town +VIEWS!

    Cabin · 5 bd · 4 ba · sleeps 16 · 308 ft

    Revenue $86,792ADR $429Occ ≈ 55%4.8★ (80)

    AirbnbVrbo

  • Mountain View Luxury Cabin, 11 Beds, Theatre, Pool

    Cabin · 5 bd · 4 ba · sleeps 16 · 338 ft

    Revenue $146,750ADR $539Occ ≈ 75%5★ (156)

    AirbnbVrbo

  • Views - HotTub - Pool -GameRoom-4mi To Pkwy-DogsOk

    Cabin · 5 bd · 3 ba · sleeps 13 · 338 ft

    Revenue $95,689ADR $410Occ ≈ 64%5★ (194)

    AirbnbVrbo

  • "Valley Vista" 5 Bedroom Cabin

    House · 5 bd · 4 ba · sleeps 15 · 341 ft

    Revenue $41,235ADR $502Occ ≈ 23%—

    AirbnbVrbo

  • Loving Every Minute by American Patriot Getaways

    Vacation home · 5 bd · 4 ba · sleeps 12 · 364 ft

    Revenue $117,932ADR $526Occ ≈ 61%4★ (1)

    Booking

Show 25 more
  • Authentic Cabin, View, 4 King Bed, Theater, Slp 17

    Cabin · 5 bd · 4 ba · sleeps 16 · 377 ft

    Revenue $123,231ADR $497Occ ≈ 68%4.9★ (193)

    AirbnbVrboBooking

  • A+ VIEWS & Location! Hot Tub, Pool, Pet Friendly

    Cabin · 5 bd · 4 ba · sleeps 16 · 387 ft

    Revenue $88,393ADR $557Occ ≈ 43%4.9★ (246)

    AirbnbVrbo

  • Large 5BR Cabin • Hot Tub • Game Room • Pool

    Cabin · 5 bd · 4 ba · sleeps 16 · 417 ft

    Revenue $69,400ADR $546Occ ≈ 35%4.9★ (93)

    AirbnbVrbo

  • Orso's Den(Mt. Views, Theater, Games, EV Charging)

    Cabin · 5 bd · 4 ba · sleeps 12 · 423 ft

    Revenue $7,978ADR $270Occ ≈ 8%5★ (6)

    AirbnbVrboBooking

  • Luxury Cabin w/Amazing Views-Game Room-Hot Tub

    Cabin · 5 bd · 3 ba · sleeps 14 · 436 ft

    Revenue $86,507ADR $511Occ ≈ 46%3.9★ (9)

    AirbnbVrboBooking

  • Papa Bear Lodge - Coffee Sips with Scenic Vistas

    Cabin · 5 bd · 4 ba · sleeps 16 · 446 ft

    Revenue $125,110ADR $691Occ ≈ 50%3.9★ (21)

    AirbnbVrbo

  • 5 BR Cabin with hot tub, game room, & grill

    Cabin · 5 bd · 4 ba · sleeps 16 · 453 ft

    Revenue $25,495ADR $607Occ ≈ 12%5★ (2)

    AirbnbVrboBooking

  • Book this 5 BR today for a Retreat in the Smokies!

    Cabin · 5 bd · 4 ba · sleeps 12 · 453 ft

    Revenue $59,070ADR $360Occ ≈ 45%4.7★ (110)

    AirbnbVrbo

  • Hot tub, Pool Table 3 miles from pigeon forge pkwy

    Cabin · 5 bd · 3 ba · sleeps 12 · 456 ft

    Revenue $60,164ADR $381Occ ≈ 43%4.4★ (30)

    AirbnbVrbo

  • 5BR Cabin | View |Hot Tub |Pool Table | Arcade

    Cabin · 5 bd · 4 ba · sleeps 13 · 459 ft

    Revenue $96,192ADR $348Occ ≈ 76%4.4★ (127)

    AirbnbVrbo

  • Smokies Luxe View: Hot Tub, Fireplaces, Games+MORE

    Cabin · 5 bd · 4 ba · sleeps 16 · 466 ft

    Revenue $35,906ADR $468Occ ≈ 21%4.8★ (8)

    AirbnbVrbo

  • NERF War-Family Lodge-Theater-HotTub-GlowParty

    Cabin · 5 bd · 4 ba · sleeps 13 · 469 ft

    Revenue $126,854ADR $441Occ ≈ 79%4.8★ (241)

    AirbnbVrboBooking

  • Lodge with Hot Tub, Game Room & Mountain Views

    Cabin · 5 bd · 4 ba · sleeps 13 · 499 ft

    Revenue $12,181ADR $435Occ ≈ 8%5★ (4)

    AirbnbVrbo

  • Lodge with Hot Tub, Game Room & Mountain Views

    Chalet · 5 bd · 4 ba · sleeps 13 · 499 ft

    Revenue $103,457ADR $441Occ ≈ 64%4.5★ (39)

    AirbnbVrboBooking

  • 5BR Cabin w/ Theater, Arcade & Hot Tub + Views!

    Cabin · 5 bd · 4 ba · sleeps 12 · 505 ft

    Revenue $88,231ADR $540Occ ≈ 45%4.5★ (10)

    AirbnbVrbo

  • Private Loft SpaTub | 5 King Suites | Valley Views

    Cabin · 5 bd · 4 ba · sleeps 12 · 515 ft

    Revenue $2,999ADR $599Occ ≈ 1%—

    Airbnb

  • Pigeon Forge Log Cabin with Amazing Views, Pool Ac

    House · 5 bd · 4 ba · sleeps 14 · 525 ft

    Revenue $58,573ADR $581Occ ≈ 28%3.5★ (77)

    AirbnbVrboBooking

  • Hot Tub, Game Room, Mountain Views, Near Dollywood

    Cabin · 5 bd · 4 ba · sleeps 14 · 0.1 mi

    Revenue $80,365ADR $315Occ ≈ 70%4.4★ (27)

    AirbnbBooking

  • Fun 5BR Cabin: Hot Tub, Games & Theater

    Cabin · 5 bd · 3 ba · sleeps 15 · 0.1 mi

    Revenue $86,738ADR $416Occ ≈ 57%4.9★ (26)

    AirbnbVrbo

  • 5BR Near Pigeon Forge|Hot Tub, Theater, Sleeps 14+

    Cabin · 5 bd · 3 ba · sleeps 16 · 0.1 mi

    Revenue $92,316ADR $524Occ ≈ 48%5★ (32)

    AirbnbVrbo

  • Spacious 5BR Cabin | Hot Tub, Game Room & Theater

    Cabin · 5 bd · 4 ba · sleeps 16 · 0.2 mi

    Revenue $91,326ADR $550Occ ≈ 45%4.5★ (27)

    AirbnbVrboBooking

  • Close to Pigeon Forge Strip - Creekside Mtn Lodge!

    Cabin · 5 bd · 5 ba · sleeps 16 · 0.2 mi

    Revenue $91,596ADR $649Occ ≈ 39%5★ (15)

    AirbnbVrbo

  • Bears on the Creek - 5 Bedrooms / Sleep 22!

    Cabin · 5 bd · 4 ba · sleeps 16 · 0.2 mi

    Revenue $13,001ADR $662Occ ≈ 5%5★ (5)

    AirbnbVrbo

  • Creekside Paradise: Hot Tub, Arcade Games, NEAR PF

    Cabin · 5 bd · 4 ba · sleeps 16 · 0.2 mi

    Revenue $112,796ADR $533Occ ≈ 58%4.9★ (45)

    AirbnbVrboBooking

  • Creekside Lodge

    Vacation home · 5 bd · 4 ba · sleeps 12 · 0.2 mi

    Revenue $97,875ADR $448Occ ≈ 60%—

    Booking

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 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

Est. revenue

$78,312

NOI

$41,042

Cash flow /mo

-$1,961

Cash needed

$315,250

Cash-on-cash

-7.5%

ROE (yr 1)

3.7%

Cap rate

4.2%

DSCR

0.64

Year-1 write-off

$226,027

Year-1 tax shield @ 32%

$72,329

Year-1 return on equity

  • Cash flow (annual)-$23,530
  • Principal paydown$6,072
  • Appreciation at%$29,250
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)$15,662
  • Platform fees (3% of revenue)$2,349
  • Maintenance / capex (5% of revenue)$3,916
  • Utilities & supplies$4,200
  • HOA$1,800
  • Property tax$3,493
  • Insurance (STR-rated)$5,850

Cash needed to close

  • Down payment (25%)$243,750
  • Closing costs (4.0%)$39,000
  • Furnishing (bought new)$32,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$72,329

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

$865,000

Short-life (5/15-yr)

$193,000 · 22%

Year-1 deduction

$226,000

Year-1 tax shield @ 32%

$72,000

Land 11% (county tax record, market value split) · building $672,000 over 39 years · new furniture $33,000

Based on: 2,246 sq ft, built 2004, 5 bd / 4 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $147,000 in year 1 (13% short-life, $47,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$144,600
  • Kitchen cabinetsdefault

    $10,700 new × 40% good × 3.45 allocation

    $14,800
  • Kitchen countertopsdefault

    $8,800 new × 40% good × 3.45 allocation

    $12,100
  • Decorative trimdefault

    $3,900 new × 40% good × 3.45 allocation

    $5,400
  • Mirrorsdefault

    $600 new × 40% good × 3.45 allocation

    $800
  • Shelvingdefault

    $1,800 new × 40% good × 3.45 allocation

    $2,500
  • Window coverings (22)default

    $5,500 new × 40% good × 3.45 allocation

    $7,600
  • Carpet, vinyl & laminate (100% of floors)listing

    $14,500 new × 40% good × 3.45 allocation

    $20,000
  • Kitchen & laundry equipment plumbingdefault

    $8,300 new × 56% good × 3.45 allocation

    $16,100
  • Kitchen, laundry & data equipment electricaldefault

    $5,000 new × 56% good × 3.45 allocation

    $9,700
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 3.45 allocation

    $10,600
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 3.45 allocation

    $12,400
  • Furniture bought newlisting

    $26,500 new × 100% good · bought separately

    $26,500
  • Game-room equipment bought newlisting

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

    $6,000
15-year land improvements$80,700
  • Paving: driveway & walks (paved)listing

    $9,800 new × 50% good × 3.45 allocation

    $17,000
  • Landscaping (typical)default

    $9,500 new × 50% good × 3.45 allocation

    $16,300
  • Patiosdefault

    $2,200 new × 50% good × 3.45 allocation

    $3,800
  • Decks & porches (attached)listing

    $25,300 new × 50% good × 3.45 allocation

    $43,600
Building, 39-year$672,000
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $243,000 new × 63% good × 3.45 allocation

    $531,100
  • Building plumbing & fixturesdefault

    $25,300 new × 56% good × 3.45 allocation

    $48,900
  • Building electrical & lightingdefault

    $25,700 new × 56% good × 3.45 allocation

    $49,700
  • HVACdefault

    $25,300 new × 40% good × 3.45 allocation

    $34,900
  • Fireplaces (2)listing

    $5,300 new × 40% good × 3.45 allocation

    $7,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$144,600$80,700$700$226,000
2$0$0$17,200$17,200
3$0$0$17,200$17,200
4$0$0$17,200$17,200
5$0$0$17,200$17,200
6+$0$0$602,300$602,300
Total$144,600$80,700$672,000$897,300

The building's share of the price ($865,000) is 3.5x our depreciated replacement cost of the home ($251,000). 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.