STR Yield
← Back to deals
1940 Backhome Ln Unit 3

1940 Backhome Ln Unit 3

Sevierville, TN 37876

$914,900

4 bd · 4.5 ba · 2,494 sqft · Listed 1d ago

View on Realtor.com →
Est. land %

Year built

2020

Sqft

2,494

Lot sqft

36,590

HOA / mo

$0

Furnished

No

List date

2026-10-19T22:23:08.000000Z

Revenue

Annual revenue

$91,938

ADR

$383

Occupancy

66%

Cleaning fees (12 mo)

$15,059

Confidence

Low (50.08), 37 comps

Comp revenue range (p25 / median / p75)

$58,111$75,928$108,637

Median revenue of shown comps: $75,928

  • Indoor Pool*Outdoor Games*Firepit*Near Dollywood

    Cabin · 4 bd · 4 ba · sleeps 10 · 187 ft

    Revenue $113,703ADR $525Occ ≈ 59%5★ (180)

    Airbnb

  • Swimmin' Hole Lodge

    Vacation home · 4 bd · 4 ba · sleeps 12 · 0.1 mi

    Revenue $82,088ADR $1,152Occ ≈ 20%—

    Booking

  • Lux l Fall Colors | Indoor Pool | Dollywood 3 mi

    Cabin · 4 bd · 3.5 ba · sleeps 12 · 0.2 mi

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

    Revenue $148,818ADR $559Occ ≈ 73%5★ (159)

    AirbnbVrbo

  • 4BR Smoky Mtn Cabin Hot Tub, Game Room, Kids Play

    Cabin · 4 bd · 4.5 ba · sleeps 12 · 0.2 mi

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

    Revenue $131,417ADR $499Occ ≈ 72%5★ (65)

    AirbnbVrbo

  • New/Mntn View Cabin 5 miles to Dollywood

    Cabin · 4 bd · 3.5 ba · sleeps 9 · 0.2 mi

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

    Revenue $70,914ADR $303Occ ≈ 64%5★ (41)

    Airbnb

  • 12 Mi to GSMNP: Cabin w/ Game Room in Sevierville

    Cabin · 4 bd · 3.5 ba · sleeps 11 · 0.2 mi

    Revenue $68,239ADR $350Occ ≈ 53%4.7★ (14)

    AirbnbBooking

  • Dollywood – HotTub,Theater,Pool,BBQ,Arcade & Views

    Cabin · 4 bd · 3.5 ba · sleeps 11 · 0.3 mi

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

    Revenue $111,089ADR $376Occ ≈ 81%5★ (275)

    AirbnbVrbo

  • Queen of Hearts by Venture Smoky Mountains

    Vacation home · 4 bd · 4 ba · sleeps 10 · 0.3 mi

    Revenue $73,971ADR $405Occ ≈ 50%—

    Booking

  • ~Specials~Stunning Views+Location. 4 King Beds.

    Cabin · 4 bd · 4 ba · sleeps 10 · 0.3 mi

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

    Revenue $108,637ADR $407Occ ≈ 73%4.9★ (251)

    AirbnbVrbo

  • Hot Tub, Game Room & Mtn Views: Sevierville Cabin

    Cabin · 4 bd · 3.5 ba · sleeps 11 · 0.4 mi

    Revenue $75,928ADR $377Occ ≈ 55%4.5★ (20)

    AirbnbBooking

Show 21 more
  • New/Mntn View Cabin 5 miles to Dollywood Sleeps 11

    Cabin · 4 bd · 3.5 ba · sleeps 11 · 0.4 mi

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

    Revenue $71,091ADR $293Occ ≈ 66%5★ (46)

    AirbnbVrbo

  • Panoramic Mountain View, Hot Tub, Sleeps up to 12

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

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

    Revenue $90,552ADR $442Occ ≈ 56%4.8★ (53)

    VrboBooking

  • Sevierville 15 - Four Bedroom Villa, Sleeps 12

    Villa · 4 bd · 4 ba · sleeps 12 · 0.4 mi

    Revenue $17,430ADR $330Occ ≈ 14%—

    Delisted

  • Mtn home w/ chef kitchen & free attraction tickets

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

    Revenue $3,922ADR $394Occ ≈ 3%4.6★ (17)

    AirbnbBooking

  • Secluded Mnt View | Sleeps 10 | Arcade | Hot Tub

    Cabin · 4 bd · 4 ba · sleeps 10 · 0.5 mi

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

    Revenue $15,931ADR $340Occ ≈ 13%5★ (4)

    Airbnb

  • Wilderness cabin w/ hot tub, views, chef's kitchen

    Cabin · 4 bd · 4 ba · sleeps 10 · 0.5 mi

    Revenue $34,284ADR $393Occ ≈ 24%4.8★ (27)

    Airbnb

  • As Good As It Gets

    Cabin · 4 bd · 4 ba · sleeps 9 · 0.5 mi

    • Pool
    • A/C
    • Wifi
    • Kitchen
    • +4

    Revenue $6,592ADR $723Occ ≈ 2%—

    AirbnbVrboBooking

  • 2 miles to Dollywood * Hot Tub * Resort Pool

    Cabin · 4 bd · 3.5 ba · sleeps 10 · 0.5 mi

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

    Revenue $95,592ADR $350Occ ≈ 75%4.9★ (56)

    AirbnbVrbo

  • Huckleberry Inn: Sweet Stays in the Smokies

    Cabin · 4 bd · 5 ba · sleeps 12 · 0.6 mi

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

    Revenue $72,125ADR $432Occ ≈ 46%5★ (2)

    AirbnbVrbo

  • Smoky Mountain | Hot Tub | Game Room | Sleeps 12

    House · 4 bd · 4 ba · sleeps 12 · 0.6 mi

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

    Revenue $74,969ADR $513Occ ≈ 40%5★ (14)

    AirbnbVrbo

  • Views - Sleeps 10 - Community Pool

    Cabin · 4 bd · 4 ba · sleeps 10 · 0.6 mi

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

    Revenue $86,618ADR $444Occ ≈ 53%4.2★ (4)

    AirbnbVrbo

  • The Big View by American Patriot Getaways

    Vacation home · 4 bd · 4 ba · sleeps 10 · 0.7 mi

    Revenue $123,720ADR $498Occ ≈ 68%—

    Booking

  • A Majestic View:MtnViews*Resort Pool*Theater*Games

    Cabin · 4 bd · 4.5 ba · sleeps 10 · 0.7 mi

    Revenue $129,751ADR $615Occ ≈ 58%3.2★ (12)

    Airbnb

  • Dollywood | Hidden Springs Resort

    Cabin · 4 bd · 4.5 ba · sleeps 10 · 0.7 mi

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

    Revenue $58,397ADR $400Occ ≈ 40%4.5★ (2)

    AirbnbVrbo

  • Fuzzy's Amazing View⛰, Great Location, 4 KING Beds

    Cabin · 4 bd · 4 ba · sleeps 12 · 0.7 mi

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

    Revenue $135,544ADR $418Occ ≈ 89%4.9★ (286)

    AirbnbVrbo

  • AHomeForTheStarrs: Views*Resort Pool*HotTub*Wifi

    Cabin · 4 bd · 4.5 ba · sleeps 10 · 0.7 mi

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

    Revenue $115,348ADR $522Occ ≈ 61%3.9★ (6)

    AirbnbVrbo

  • 10% Off 4 Night Stays - Explore Pigeon Forge

    Cabin · 4 bd · 3.5 ba · sleeps 10 · 0.7 mi

    Revenue $58,111ADR $282Occ ≈ 56%4.7★ (133)

    Airbnb

  • Pet Stay Free-Cabin w/hot tub-Pool-near Dollywood

    Cabin · 4 bd · 3.5 ba · sleeps 12 · 0.7 mi

    Revenue $94,076ADR $500Occ ≈ 52%4.9★ (56)

    Airbnb

  • 3 miles to Dollywood! Mountain views! Hot tub! Fam

    Cabin · 4 bd · 3.5 ba · sleeps 10 · 0.7 mi

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

    Revenue $92,778ADR $374Occ ≈ 68%4.7★ (49)

    AirbnbVrbo

  • Hot Tub + Pool Access + Game Room • Near Dollywood

    Cabin · 4 bd · 3.5 ba · sleeps 12 · 0.7 mi

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

    Revenue $46,015ADR $382Occ ≈ 33%4.2★ (8)

    AirbnbVrboBooking

  • Lookout Lodge

    Cabin · 4 bd · 4.5 ba · sleeps 10 · 0.7 mi

    • Pool
    • A/C
    • Wifi
    • Kitchen
    • +1

    Revenue $19,850ADR $640Occ ≈ 8%—

    AirbnbVrboBooking

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

Est. revenue

$91,938

NOI

$53,387

Cash flow /mo

$4,449

Cash needed

$980,496

Cash-on-cash (all cash)

5.4%

ROE (yr 1)

8.2%

Cap rate

5.8%

DSCR

—

Year-1 write-off

$185,059

Year-1 tax shield @ 32%

$59,219

Year-1 return on equity

  • Cash flow (annual)$53,387
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$27,447
ROE8.2%

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)$18,388
  • Platform fees (3% of revenue)$2,758
  • Maintenance / capex (5% of revenue)$4,597
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$3,119
  • Insurance (STR-rated)$5,489

Cash needed to close

  • Purchase price (all cash)$914,900
  • Closing costs (4.0%)$36,596
  • Furnishing (bought new)$29,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$59,219

No county tax record split for property tax, insurance rate and the land/building split, so those use market defaults — edit the price above; 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

$778,000

Short-life (5/15-yr)

$155,000 · 20%

Year-1 deduction

$185,000

Year-1 tax shield @ 32%

$59,000

Land 15% (market default, no usable tax-record split) · building $622,000 over 39 years · new furniture $29,000

Based on: 2,494 sq ft, built 2020, 4 bd / 4.5 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $110,000 in year 1 (10% short-life, $35,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$115,100
  • Kitchen cabinetsdefault

    $11,300 new × 76% good × 1.88 allocation

    $16,100
  • Kitchen countertopsdefault

    $9,200 new × 76% good × 1.88 allocation

    $13,100
  • Decorative trimdefault

    $4,400 new × 76% good × 1.88 allocation

    $6,200
  • Mirrorsdefault

    $600 new × 50% good × 1.88 allocation

    $600
  • Shelvingdefault

    $1,500 new × 76% good × 1.88 allocation

    $2,100
  • Window coverings (25)default

    $6,300 new × 40% good × 1.88 allocation

    $4,700
  • Carpet, vinyl & laminate (40% of floors)default

    $6,400 new × 50% good × 1.88 allocation

    $6,000
  • Kitchen & laundry equipment plumbingdefault

    $8,800 new × 88% good × 1.88 allocation

    $14,500
  • Kitchen, laundry & data equipment electricaldefault

    $5,300 new × 88% good × 1.88 allocation

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

    $7,700 new × 50% good × 1.88 allocation

    $7,200
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 1.88 allocation

    $6,800
  • Furniture bought newlisting

    $23,000 new × 100% good · bought separately

    $23,000
  • Game-room equipment bought newlisting

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

    $6,000
15-year land improvements$69,300
  • Paving: driveway & walks (paved)default

    $10,400 new × 76% good × 1.88 allocation

    $14,800
  • Landscaping (typical)default

    $10,000 new × 76% good × 1.88 allocation

    $14,200
  • Patiosdefault

    $2,500 new × 76% good × 1.88 allocation

    $3,500
  • Decks & porches (attached)listing

    $28,100 new × 70% good × 1.88 allocation

    $36,900
Building, 39-year$622,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $270,400 new × 90% good × 1.88 allocation

    $456,700
  • Building plumbing & fixturesdefault

    $28,100 new × 88% good × 1.88 allocation

    $46,400
  • Building electrical & lightingdefault

    $28,900 new × 88% good × 1.88 allocation

    $47,700
  • HVACdefault

    $28,100 new × 70% good × 1.88 allocation

    $36,900
  • Hardwood & tile floorsdefault

    $9,600 new × 76% good × 1.88 allocation

    $13,700
  • Fireplacelisting

    $2,600 new × 76% good × 1.88 allocation

    $3,800
  • Septic systemlisting

    $12,000 new × 76% good × 1.88 allocation

    $17,100

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$115,100$69,300$700$185,100
2$0$0$16,000$16,000
3$0$0$16,000$16,000
4$0$0$16,000$16,000
5$0$0$16,000$16,000
6+$0$0$557,800$557,800
Total$115,100$69,300$622,300$806,700

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.