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Rate 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium

527 River Place Way Unit 334

527 River Place Way Unit 334

Sevierville, TN 37862

$375,000

2 bd · 2 ba · 1,050 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2007

Sqft

1,050

Lot sqft

436

HOA / mo

$470

Furnished

No

List date

2026-10-26T14:46:33.000000Z

Revenue

Annual revenue

$35,832

ADR

$176

Occupancy

56%

Cleaning fees (12 mo)

$5,690

Confidence

Med (62.92), 50 comps

Comp revenue range (p25 / median / p75)

$26,076$36,494$42,147

Median revenue of shown comps: $36,494

  • Charming Dollywood Retreat・Hot Tub & Pool Access

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 46 ft

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

    Revenue $28,472ADR $174Occ ≈ 45%4.8★ (15)

    AirbnbVrboBooking

  • Villa Dreams- quiet villa with garage access

    Villa · 2 bd · 2 ba · sleeps 6 · 46 ft

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

    Revenue $48,241ADR $191Occ ≈ 69%5★ (276)

    AirbnbVrbo

  • River Dreams- riverside quiet unit on bottom floor

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 125 ft

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

    Revenue $36,482ADR $195Occ ≈ 51%5★ (186)

    AirbnbVrbo

  • River View by American Patriot Getaways

    Vacation home · 2 bd · 2 ba · sleeps 4 · 207 ft

    Revenue $50,799ADR $226Occ ≈ 62%—

    Booking

  • A Bit of Bearadise | Sleeps 5 | Near Dollywood

    Tiny house · 2 bd · 1 ba · sleeps 5 · 249 ft

    Revenue $13,786ADR $242Occ ≈ 16%5★ (1)

    Airbnb

  • River Place Condo - The Heart of Pigeon Forge!

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 331 ft

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

    Revenue $30,595ADR $164Occ ≈ 51%4.7★ (75)

    AirbnbVrbo

  • 2 BR Smoky Mountain Getaway w/ Pool and Hot Tub

    Townhouse · 2 bd · 2 ba · sleeps 6 · 436 ft

    Revenue $381ADR $127Occ ≈ 1%5★ (1)

    Airbnb

  • River Front less than a mile from Pigeon Forge!

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 453 ft

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $31,551ADR $155Occ ≈ 56%5★ (253)

    Airbnb

  • 1/2mi to Pkwy | 5th wheel | Pool & Hot tub

    Camper/RV · 2 bd · 1.5 ba · sleeps 8 · 463 ft

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

    Revenue $19,696ADR $171Occ ≈ 32%5★ (3)

    Airbnb

  • Smoky Mtn cabin | Sleeps 5 | Loft | Hot tub

    Tiny house · 2 bd · 1 ba · sleeps 5 · 463 ft

    Revenue $20,111ADR $228Occ ≈ 24%4.7★ (3)

    Airbnb

Show 40 more
  • Riverfront cabin | Sleeps 5 | Loft | Smokies

    Tiny house · 2 bd · 1 ba · sleeps 5 · 463 ft

    Revenue $17,727ADR $238Occ ≈ 20%5★ (4)

    Airbnb

  • Treehouse Vibes on the River | Pool & Hot Tub

    Tiny house · 2 bd · 1 ba · sleeps 4 · 463 ft

    Revenue $25,902ADR $238Occ ≈ 30%—

    Airbnb

  • River View*Resort Setting*River Adjacent*Sleeps 4

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 466 ft

    Revenue $34,116ADR $186Occ ≈ 50%4.8★ (12)

    Airbnb

  • Cozy Dreams- quietly nestled just off the Parkway

    House · 2 bd · 2 ba · sleeps 4 · 476 ft

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

    Revenue $30,531ADR $206Occ ≈ 41%5★ (34)

    AirbnbVrbo

  • Riverfront 2BR | Pool | Free Attraction Tickets

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 486 ft

    Revenue $9,809ADR $164Occ ≈ 16%4.6★ (69)

    AirbnbBooking

  • Riverside Family Getaway・Creek Views・Hot Tub・Pool

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 489 ft

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

    Revenue $23,099ADR $167Occ ≈ 38%4.6★ (23)

    AirbnbVrboBooking

  • Apple Blossom Getaway-Near Apple Barn-Near Tanger Outlets

    Condominium (condo) · 2 bd · 2 ba · sleeps 5 · 492 ft

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

    Revenue $25,026ADR $181Occ ≈ 38%5★ (324)

    Vrbo

  • Bill’s on Little Pigeon River

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $18,240ADR $263Occ ≈ 19%4.6★ (35)

    Booking

  • Dreamy 2BR Riverfront | Free Attraction Tickets

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $11,151ADR $201Occ ≈ 15%4.8★ (115)

    AirbnbBooking

  • 2BR*Resort Pool & Games + 1 Mile to Pigeon Forge

    House · 2 bd · 1.5 ba · sleeps 4 · 0.1 mi

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

    Revenue $40,970ADR $166Occ ≈ 68%5★ (78)

    AirbnbVrbo

  • Riverfront Condo | Eagles & Air Hockey

    Apartment · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $30,045ADR $208Occ ≈ 40%5★ (191)

    AirbnbVrboBooking

  • Riverside Retreat | Riverfront | Loft | Smokies

    Tiny house · 2 bd · 1 ba · sleeps 5 · 0.2 mi

    Revenue $26,941ADR $235Occ ≈ 31%5★ (1)

    Airbnb

  • 2BR Townhouse* Resort Pool & Games! 1 Mile to PF

    House · 2 bd · 1.5 ba · sleeps 4 · 0.2 mi

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

    Revenue $43,284ADR $159Occ ≈ 75%5★ (88)

    AirbnbVrbo

  • Dollywood/Tanger within 5 miles!

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

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +1

    Revenue $36,155ADR $160Occ ≈ 62%5★ (99)

    Airbnb

  • Pigeon Forge, car show, dollywood, hiking, cades cove, mt leconte

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

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $36,506ADR $164Occ ≈ 61%4.9★ (218)

    Vrbo

  • Paradise Cove #307 - Your Peaceful Retreat in the Heart of Pigeon Forge

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $41,477ADR $190Occ ≈ 60%4.8★ (138)

    Vrbo

  • 2 Min to Parkway | Arcade, Jetted Tub & Fireplace

    House · 2 bd · 2 ba · sleeps 7 · 0.3 mi

    Revenue $42,157ADR $245Occ ≈ 47%5★ (101)

    AirbnbVrbo

  • Jaxon's Mountain River Retreat w/ Hot tub & Views

    House · 2 bd · 1 ba · sleeps 6 · 0.3 mi

    Revenue $47,123ADR $216Occ ≈ 60%4.9★ (194)

    AirbnbVrbo

  • Sweet Pea Cottage - Arcade, Fireplace & Pool

    House · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $40,633ADR $213Occ ≈ 52%4.7★ (86)

    AirbnbVrboBooking

  • Condo w/ garage in Pigeon Forge, TN

    House · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $52,786ADR $218Occ ≈ 66%5★ (19)

    AirbnbVrbo

  • Dollywood//Tanger//The Island all within 5 Miles!

    House · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $35,430ADR $159Occ ≈ 61%5★ (438)

    Airbnb

  • Pet-friendly, Central Location with a very easy drive, Hot Tub, Community Pool

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $36,880ADR $0Occ ≈ —5★ (2)

    Delisted

  • Home 2 Mi to The Island w/ Attached Garage!

    House · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $39,664ADR $166Occ ≈ 65%4.9★ (43)

    AirbnbVrboBooking

  • A Happy Cottage - less than 1 mile from parkway

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $19,596ADR $199Occ ≈ 27%4.5★ (2)

    AirbnbVrbo

  • Majestic Cove #331-Your Peaceful Retreat in the Heart of Pigeon Forge!

    House · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $62,143ADR $211Occ ≈ 81%5★ (128)

    Vrbo

  • Home w/ Community Pool - 2 Miles to The Island!

    Cottage · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $42,116ADR $187Occ ≈ 62%4.8★ (222)

    AirbnbVrboBooking

  • Serenity Cove #327- Your Peaceful Retreat in the Heart of Pigeon Forge

    House · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $43,823ADR $207Occ ≈ 58%5★ (160)

    Vrbo

  • Tranquil 2-BR/2-BH Steps to Pigeon Forge; King Bed

    Townhouse · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $38,053ADR $192Occ ≈ 54%4.9★ (135)

    AirbnbVrbo

  • Grace's Mountain River Retreat w/ Hot tub & Views

    Townhouse · 2 bd · 1 ba · sleeps 6 · 0.4 mi

    Revenue $49,236ADR $218Occ ≈ 62%4.8★ (342)

    AirbnbVrbo

  • Believe N Dreams #317 – Your Peaceful Retreat in the Heart of Pigeon Forge

    House · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $37,467ADR $203Occ ≈ 51%4.9★ (90)

    Vrbo

  • Charming 2-bed home in heart of Pigeon Forge, TN

    House · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $44,553ADR $205Occ ≈ 60%5★ (123)

    AirbnbVrbo

  • 2BR River View w/ Hot Tub Fire Tickets

    House · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $26,599ADR $314Occ ≈ 23%—

    AirbnbVrbo

  • Luxe Cottage Quiet with Jettub Near Dollywood

    Cottage · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $47,683ADR $197Occ ≈ 66%4.9★ (173)

    AirbnbVrboBooking

  • Cozy 2 Bedroom - 2 Blocks to Pigeon Forge Fun!

    Cottage · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $42,105ADR $202Occ ≈ 57%5★ (175)

    Airbnb

  • Rest Assured by Bear Camp

    Cottage · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $37,004ADR $184Occ ≈ 55%4.2★ (61)

    AirbnbVrbo

  • 1 Mile from Pigeon Forge-River Front/River Access-great place to enjoy fishing- Motor cycle Friendly

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +3

    Revenue $48,438ADR $209Occ ≈ 63%4.4★ (43)

    VrboBooking

  • JUST 4 YOU. Close to all attractions.

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

    Revenue $29,587ADR $197Occ ≈ 41%5★ (313)

    Airbnb

  • River Breeze, $560 FREE tickets each paid day

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

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $36,834ADR $183Occ ≈ 55%4.2★ (68)

    AirbnbVrboBooking

  • River Front-Covered Parking-1 Mile Off Main Parkway-Year round fishing Motor cycle Friendly

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

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +2

    Revenue $45,080ADR $213Occ ≈ 58%4★ (26)

    VrboBooking

  • Get Ready For Summer At Pedaler's Rest-1 mile from Pkwy

    House · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +3

    Revenue $19,265ADR $229Occ ≈ 23%4.8★ (44)

    Vrbo

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 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium

Est. revenue

$35,832

NOI

$12,940

Cash flow /mo

-$999

Cash needed

$130,750

Cash-on-cash

-9.2%

ROE (yr 1)

1.2%

Cap rate

3.5%

DSCR

0.52

Year-1 write-off

$71,497

Year-1 tax shield @ 32%

$22,879

Year-1 return on equity

  • Cash flow (annual)-$11,989
  • Principal paydown$2,317
  • Appreciation at%$11,250
ROE1.2%

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)$7,166
  • Platform fees (3% of revenue)$1,075
  • Maintenance / capex (5% of revenue)$1,792
  • Utilities & supplies$4,200
  • HOA$5,640
  • Property tax$769
  • Insurance (STR-rated)$2,250

Cash needed to close

  • Down payment (25%)$93,750
  • Closing costs (4.0%)$15,000
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$22,879

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

$329,000

Short-life (5/15-yr)

$49,000 · 15%

Year-1 deduction

$71,000

Year-1 tax shield @ 32%

$23,000

Land 12% (county tax record, market value split) · building $279,000 over 39 years · new furniture $22,000

Based on: 1,050 sq ft, built 2007, 2 bd / 2 ba, unfurnished, listing features (game room, fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $51,000 in year 1 (9% short-life, $16,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$71,200
  • Kitchen cabinetsdefault

    $8,100 new × 40% good × 2.85 allocation

    $9,200
  • Kitchen countertopsdefault

    $6,600 new × 40% good × 2.85 allocation

    $7,500
  • Decorative trimdefault

    $1,800 new × 40% good × 2.85 allocation

    $2,100
  • Mirrorsdefault

    $300 new × 40% good × 2.85 allocation

    $300
  • Shelvingdefault

    $900 new × 40% good × 2.85 allocation

    $1,000
  • Window coverings (11)default

    $2,800 new × 40% good × 2.85 allocation

    $3,100
  • Carpet, vinyl & laminate (67% of floors)listing

    $4,500 new × 40% good × 2.85 allocation

    $5,100
  • Kitchen & laundry equipment plumbingdefault

    $6,300 new × 62% good × 2.85 allocation

    $11,100
  • Kitchen, laundry & data equipment electricaldefault

    $3,800 new × 62% good × 2.85 allocation

    $6,700
  • Appliances (range, microwave)listing

    $2,500 new × 40% good × 2.85 allocation

    $2,800
  • 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
Building, 39-year$279,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $113,500 new × 68% good × 2.85 allocation

    $220,900
  • Building plumbing & fixturesdefault

    $11,800 new × 62% good × 2.85 allocation

    $20,800
  • Building electrical & lightingdefault

    $10,600 new × 62% good × 2.85 allocation

    $18,700
  • HVACdefault

    $11,800 new × 40% good × 2.85 allocation

    $13,500
  • Hardwood & tile floorsdefault

    $2,300 new × 40% good × 2.85 allocation

    $2,600
  • Fireplacelisting

    $2,600 new × 40% good × 2.85 allocation

    $3,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$71,200$0$300$71,500
2$0$0$7,200$7,200
3$0$0$7,200$7,200
4$0$0$7,200$7,200
5$0$0$7,200$7,200
6+$0$0$250,400$250,400
Total$71,200$0$279,300$350,500

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.