3920 Ole Smoky Way
Sevierville, TN 37862
$525,000
2 bd · 2 ba · 1,440 sqft · Listed 1d ago
View on Realtor.com →Year built
1997
Sqft
1,440
Lot sqft
27,878
HOA / mo
$15
Furnished
No
List date
2026-10-15T23:01:44.000000Z
Revenue
Annual revenue
$43,438
ADR
$199
Occupancy
60%
Cleaning fees (12 mo)
$8,215
Confidence
Med (59.75), 45 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $39,475
A peaceful, tranquil retreat with king size beds in each rooms.
Cabin · 2 bd · 2 ba · sleeps 6 · 276 ft
Revenue $12,836ADR $219Occ ≈ 16%5★ (176)
Delisted
Stunning!Timber Frame smart cabin
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $49,089ADR $283Occ ≈ 48%5★ (225)
Woodsy Pigeon Forge Hideaway: Private Hot Tub
Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.2 mi
Revenue $46,846ADR $231Occ ≈ 56%5★ (39)
Woodsy Pigeon Forge Hideaway Private Hot Tub
Vacation home · 2 bd · 3 ba · sleeps 6 · 0.2 mi
Revenue $27,865ADR $282Occ ≈ 27%4.8★ (5)
Wears Valley Escape | Hot Tub + Fire Pit + Dogs OK
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $19,734ADR $215Occ ≈ 25%4.7★ (10)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
A peaceful, tranquil retreat with king size beds in each rooms. Cabin | 2 bd · 2 ba · sleeps 6 | $12,836 | $219 | 16% | 5★ (176) | 276 ft | Delisted |
Smoky Mtn Retreat | Hot Tub · Fire Pit · Game Rm Cabin
| 2 bd · 2 ba · sleeps 6 | $57,062 | $239 | 65% | 5★ (251) | 453 ft | AirbnbVrbo |
Summer Wind:Pet Friendly & Free Attraction Tickets Cabin | 2 bd · 2 ba · sleeps 6 | $55,749 | $236 | 65% | 4.8★ (19) | 0.1 mi | AirbnbBooking |
Summer Wind Vacation home | 2 bd · 2 ba · sleeps 6 | $61,432 | $285 | 59% | — | 0.1 mi | Booking |
Stunning!Timber Frame smart cabin Cabin
| 2 bd · 2 ba · sleeps 6 | $49,089 | $283 | 48% | 5★ (225) | 0.1 mi | Vrbo |
Hootin' Holler - Easy Access To All The Smoky Moun Cabin
| 2 bd · 2 ba · sleeps 6 | $46,403 | $192 | 66% | 4.6★ (43) | 0.1 mi | AirbnbVrbo |
Beautiful, Private, Country Bear Retreat, Hot Tub Cabin
| 2 bd · 2.5 ba · sleeps 6 | $19,096 | $245 | 21% | 4.9★ (30) | 0.2 mi | AirbnbVrbo |
Woodsy Pigeon Forge Hideaway: Private Hot Tub Cabin | 2 bd · 2.5 ba · sleeps 6 | $46,846 | $231 | 56% | 5★ (39) | 0.2 mi | Airbnb |
Woodsy Pigeon Forge Hideaway Private Hot Tub Vacation home | 2 bd · 3 ba · sleeps 6 | $27,865 | $282 | 27% | 4.8★ (5) | 0.2 mi | Booking |
Wears Valley Escape | Hot Tub + Fire Pit + Dogs OK Cabin
| 2 bd · 2 ba · sleeps 6 | $19,734 | $215 | 25% | 4.7★ (10) | 0.2 mi | Airbnb |
Show 35 more
Summer Wind (2-Bedroom Cabin) - Pets Allowed by RedAwning
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $40,617ADR $288Occ ≈ 39%4.8★
Delisted
BEAUTIFUL SMOKY MOUNTAINS Peaceful and Secluded Peace of Heaven Cabin
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $45,686ADR $223Occ ≈ 56%5★ (353)
Cant Wait to Hibernate
Vacation home · 2 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $12,733ADR $211Occ ≈ 17%—
Dream Come True: Pet Friendly & Free Tickets
Cabin · 2 bd · 2 ba · sleeps 7 · 0.4 mi
Revenue $34,227ADR $238Occ ≈ 39%4.7★ (86)
Foothills Retreat
Cabin · 2 bd · 2 ba · sleeps 4 · 0.4 mi
Revenue $28,095ADR $175Occ ≈ 44%4.8★ (22)
Delisted
FREE Tickets! Pet-Friendly-Fenced Yard-Pond nearby
Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $38,881ADR $270Occ ≈ 39%5★ (59)
Wears Valley Cabin | Hot Tub + Fireplace + Pets OK
Cabin · 2 bd · 2 ba · sleeps 7 · 0.4 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +4
Revenue $1,179ADR $235Occ ≈ 1%—
A Dream Come True
Vacation home · 2 bd · 2 ba · sleeps 7 · 0.4 mi
Revenue $19,974ADR $1,221Occ ≈ 4%4.5★ (4)
NEW! Windy Ridge 2-Bedroom Cabin with Pool and Mountain view - Pets Allowed
Cabin · 2 bd · 2 ba · sleeps 7 · 0.4 mi
Revenue $34,551ADR $262Occ ≈ 36%4.5★ (5)
Incredible Secluded Cabin in Sevierville, Tennessee
Cabin · 2 bd · 2 ba · sleeps 8 · 0.4 mi
Revenue $34,145ADR $626Occ ≈ 15%—
Roundtop Mountain Ridge
Vacation home · 2 bd · 2 ba · sleeps 8 · 0.4 mi
Revenue $22,632ADR $621Occ ≈ 10%—
Luxury Cabin in Scenic Wears Valley!
Cabin · 2 bd · 2 ba · sleeps 8 · 0.5 mi
Revenue $38,973ADR $347Occ ≈ 31%5★ (10)
Roundtop Retreat! Cozy 2BR 2BA Condo in Smoky Mtns
Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $34,079ADR $118Occ ≈ 79%5★ (162)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Summer Wind (2-Bedroom Cabin) - Pets Allowed by RedAwning Cabin | 2 bd · 2 ba · sleeps 6 | $40,617 | $288 | 39% | 4.8★ | 0.2 mi | Delisted |
Cozy Cabin w/Convenience; Nature, Game Rm, FirePit Cabin
| 2 bd · 2 ba · sleeps 6 | $33,993 | $245 | 38% | 5★ (47) | 0.2 mi | AirbnbVrbo |
Charming Cabin Retreat • Pet-Friendly & Trails Cabin
| 2 bd · 2 ba · sleeps 6 | $51,981 | $264 | 54% | 5★ (87) | 0.2 mi | AirbnbVrboBooking |
Heaven's Hideaway-2 King Suites/Hot Tub/Pet Friend Cabin
| 2 bd · 2 ba · sleeps 6 | $54,993 | $229 | 66% | 4.9★ (34) | 0.2 mi | AirbnbVrbo |
2 BR-Outdoor Fire pit-Game Room-Hot Tub Cabin
| 2 bd · 2 ba · sleeps 8 | $31,592 | $235 | 37% | 4.5★ (6) | 0.2 mi | AirbnbVrbo |
BEAUTIFUL SMOKY MOUNTAINS Peaceful and Secluded Peace of Heaven Cabin Cabin
| 2 bd · 2 ba · sleeps 6 | $45,686 | $223 | 56% | 5★ (353) | 0.2 mi | Vrbo |
Timber Lodge WiFi video games Cabin | 2 bd · 2 ba · sleeps 8 | $50,922 | $153 | 91% | 4.8★ (115) | 0.2 mi | AirbnbBooking |
COZY + Secluded Cabin in the Trees . Pet Friendly! Cabin
| 2 bd · 2 ba · sleeps 6 | $39,711 | $221 | 49% | 4.8★ (95) | 0.3 mi | AirbnbVrbo |
Huge Game Room/Great for 1-2 Families/Hot Tub/Pool Cabin
| 2 bd · 2 ba · sleeps 8 | $70,759 | $346 | 56% | 4.9★ (109) | 0.3 mi | AirbnbVrbo |
Hot Tub Cabin | 2 King Suites | Fire Pit Cabin
| 2 bd · 2 ba · sleeps 6 | $41,236 | $258 | 44% | 4.9★ (45) | 0.3 mi | AirbnbVrbo |
Sunset Meadows In Wears Valley Cabin
| 2 bd · 2.5 ba · sleeps 8 | $39,475 | $197 | 55% | 4.9★ (39) | 0.3 mi | AirbnbVrbo |
Cant Wait to Hibernate Vacation home | 2 bd · 2 ba · sleeps 8 | $12,733 | $211 | 17% | — | 0.3 mi | Booking |
Great Escapes cabin gives all the comforts of home Cabin | 2 bd · 2 ba · sleeps 4 | $42,609 | $209 | 56% | 4.5★ (120) | 0.4 mi | AirbnbBooking |
Mountain Views | Dog-Friendly & Fully Fenced Yard Cabin
| 2 bd · 2 ba · sleeps 6 | $60,248 | $258 | 64% | 4.8★ (202) | 0.4 mi | AirbnbVrbo |
Dream Come True: Pet Friendly & Free Tickets Cabin | 2 bd · 2 ba · sleeps 7 | $34,227 | $238 | 39% | 4.7★ (86) | 0.4 mi | Airbnb |
Foothills Retreat Cabin | 2 bd · 2 ba · sleeps 4 | $28,095 | $175 | 44% | 4.8★ (22) | 0.4 mi | Delisted |
Can't Wait to Hibernate: Pet Friendly/Cozy Retreat Cabin
| 2 bd · 2 ba · sleeps 8 | $32,976 | $270 | 33% | 4.6★ (124) | 0.4 mi | AirbnbVrboBooking |
‘Firefly Cove’ - 3 Mi to Parkway & National Park! Cabin
| 2 bd · 2 ba · sleeps 4 | $40,532 | $190 | 58% | 5★ (198) | 0.4 mi | AirbnbVrboBooking |
FREE Tickets! Pet-Friendly-Fenced Yard-Pond nearby Cabin | 2 bd · 2 ba · sleeps 6 | $38,881 | $270 | 39% | 5★ (59) | 0.4 mi | Airbnb |
Wears Valley Cabin | Hot Tub + Fireplace + Pets OK Cabin
| 2 bd · 2 ba · sleeps 7 | $1,179 | $235 | 1% | — | 0.4 mi | Airbnb |
A Dream Come True Vacation home | 2 bd · 2 ba · sleeps 7 | $19,974 | $1,221 | 4% | 4.5★ (4) | 0.4 mi | Booking |
NEW! Windy Ridge 2-Bedroom Cabin with Pool and Mountain view - Pets Allowed Cabin | 2 bd · 2 ba · sleeps 7 | $34,551 | $262 | 36% | 4.5★ (5) | 0.4 mi | Booking |
Incredible Secluded Cabin in Sevierville, Tennessee Cabin | 2 bd · 2 ba · sleeps 8 | $34,145 | $626 | 15% | — | 0.4 mi | Booking |
Roundtop Mountain Ridge Vacation home | 2 bd · 2 ba · sleeps 8 | $22,632 | $621 | 10% | — | 0.4 mi | Booking |
Higher Ground Cabin
| 2 bd · 2 ba · sleeps 6 | $29,378 | $189 | 43% | 4.8★ (123) | 0.4 mi | AirbnbVrboBooking |
Luxury Cabin in Scenic Wears Valley! Cabin | 2 bd · 2 ba · sleeps 8 | $38,973 | $347 | 31% | 5★ (10) | 0.5 mi | Airbnb |
A Windy Ridge: New listing Promo! Pets & Hot Tub! Cabin
| 2 bd · 2 ba · sleeps 7 | $28,187 | $339 | 23% | 4.3★ (3) | 0.5 mi | AirbnbVrboBooking |
Mountain View Cabin | Hot Tub, Games, Movie Room! Cabin
| 2 bd · 2 ba · sleeps 6 | $52,730 | $251 | 58% | 5★ (168) | 0.5 mi | AirbnbVrbo |
Roundtop Mtn Ridge :Free Attraction-Tickets-View Cabin
| 2 bd · 2 ba · sleeps 8 | $50,541 | $267 | 52% | 4.9★ (68) | 0.5 mi | AirbnbVrboBooking |
Fall Deals! Mountain Views! Hot Tub*Fireplace House
| 2 bd · 1 ba · sleeps 4 | $38,821 | $161 | 66% | 4.8★ (75) | 0.5 mi | AirbnbVrbo |
Spectacular Private Views* Fire pit* Hot tub Cabin
| 2 bd · 2 ba · sleeps 4 | $35,712 | $263 | 37% | 5★ (18) | 0.5 mi | AirbnbVrbo |
Cabin of Many Cabin- Hot Tub, Mtn Views, WIFI Cabin
| 2 bd · 3 ba · sleeps 8 | $63,991 | $293 | 60% | 4.8★ (29) | 0.5 mi | AirbnbVrboBooking |
Roundtop Retreat! Cozy 2BR 2BA Condo in Smoky Mtns Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $34,079 | $118 | 79% | 5★ (162) | 0.6 mi | Airbnb |
Hot Tub & Game Room | Min to National Park Cabin
| 2 bd · 2 ba · sleeps 8 | $71,698 | $313 | 63% | 5★ (129) | 0.6 mi | AirbnbVrbo |
Scandinavian HideOut | Couples, Families, Firepit Cabin
| 2 bd · 1 ba · sleeps 5 | $53,761 | $219 | 67% | 4.8★ (159) | 0.6 mi | 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
Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium
Est. revenue
$43,438
NOI
$22,854
Cash flow /mo
-$1,026
Cash needed
$168,250
Cash-on-cash
-7.3%
ROE (yr 1)
3.9%
Cap rate
4.4%
DSCR
0.65
Year-1 write-off
$97,943
Year-1 tax shield @ 32%
$31,342
Year-1 return on equity
- Cash flow (annual)-$12,311
- Principal paydown$3,193
- Appreciation at%$15,750
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)$8,688
- Platform fees (3% of revenue)$1,303
- Maintenance / capex (5% of revenue)$2,172
- Utilities & supplies$4,200
- HOA$180
- Property tax$891
- Insurance (STR-rated)$3,150
Cash needed to close
- Down payment (25%)$131,250
- Closing costs (4.0%)$21,000
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$31,342
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
$441,000
Short-life (5/15-yr)
$82,000 · 18%
Year-1 deduction
$98,000
Year-1 tax shield @ 32%
$31,000
Land 16% (county tax record, market value split) · building $359,000 over 39 years · new furniture $16,000
Based on: 1,440 sq ft, built 1997, 2 bd / 2 ba, unfurnished, listing features (fireplace, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $70,000 in year 1 (12% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,600
Kitchen cabinetsdefault
$9,000 new × 40% good × 3.23 allocation
- $9,500
Kitchen countertopsdefault
$7,300 new × 40% good × 3.23 allocation
- $3,300
Decorative trimdefault
$2,500 new × 40% good × 3.23 allocation
- $400
Mirrorsdefault
$300 new × 40% good × 3.23 allocation
- $1,200
Shelvingdefault
$900 new × 40% good × 3.23 allocation
- $4,500
Window coverings (14)default
$3,500 new × 40% good × 3.23 allocation
- $9,500
Kitchen & laundry equipment plumbingdefault
$7,000 new × 42% good × 3.23 allocation
- $5,700
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 42% good × 3.23 allocation
- $6,500
Appliances (range, dishwasher, refrigerator)listing
$5,000 new × 40% good × 3.23 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $12,700
Paving: driveway & walks (paved)listing
$7,900 new × 50% good × 3.23 allocation
- $12,200
Landscaping (typical)default
$7,600 new × 50% good × 3.23 allocation
- $2,300
Patiosdefault
$1,400 new × 50% good × 3.23 allocation
- $2,300
Decks & porches (attached)default
$1,400 new × 50% good × 3.23 allocation
- $260,700
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$156,100 new × 52% good × 3.23 allocation
- $21,900
Building plumbing & fixturesdefault
$16,200 new × 42% good × 3.23 allocation
- $21,100
Building electrical & lightingdefault
$15,500 new × 42% good × 3.23 allocation
- $21,000
HVACdefault
$16,200 new × 40% good × 3.23 allocation
- $12,000
Hardwood & tile floorsdefault
$9,300 new × 40% good × 3.23 allocation
- $3,400
Fireplacelisting
$2,600 new × 40% good × 3.23 allocation
- $19,400
Septic systemlisting
$12,000 new × 50% good × 3.23 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $68,000 | $29,500 | $400 | $97,900 |
| 2 | $0 | $0 | $9,200 | $9,200 |
| 3 | $0 | $0 | $9,200 | $9,200 |
| 4 | $0 | $0 | $9,200 | $9,200 |
| 5 | $0 | $0 | $9,200 | $9,200 |
| 6+ | $0 | $0 | $322,200 | $322,200 |
| Total | $68,000 | $29,500 | $359,500 | $457,000 |
The building's share of the price ($441,000) is 3.2x our depreciated replacement cost of the home ($136,000). 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.