1251 Lori Ellen Ct
Sevierville, TN 37876
$409,900
4 bd · 3 ba · 1,806 sqft · Listed 1d ago
View on Realtor.com →Year built
2024
Sqft
1,806
Lot sqft
7,405
HOA / mo
None
Furnished
No
List date
2026-10-27T18:31:57.000000Z
Revenue
Annual revenue
$36,667
ADR
$190
Occupancy
53%
Cleaning fees (12 mo)
$9,168
Confidence
High (70.65), 5 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $36,159
Valley View Farm House
House · 4 bd · 2.5 ba · sleeps 8 · 1.3 mi
Revenue $27,264ADR $186Occ ≈ 40%5★ (62)
The Great Escape King suite, Kid friendly
Vacation home · 4 bd · 3 ba · sleeps 12 · 2.0 mi
Revenue $36,159ADR $318Occ ≈ 31%4.2★ (4)
Sunset Farm Stay with Pond
House · 4 bd · 2.5 ba · sleeps 12 · 2.1 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $54,824ADR $183Occ ≈ 82%4.9★ (83)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Carden Cabin- 4 Bedrooms, 2.5 Bathrooms, Sleeps 10 Cabin
| 4 bd · 2.5 ba · sleeps 10 | $37,596 | $195 | 53% | 5★ (324) | 0.8 mi | AirbnbVrbo |
Valley View Farm House House | 4 bd · 2.5 ba · sleeps 8 | $27,264 | $186 | 40% | 5★ (62) | 1.3 mi | Airbnb |
The Great Escape King suite, Kid friendly Vacation home | 4 bd · 3 ba · sleeps 12 | $36,159 | $318 | 31% | 4.2★ (4) | 2.0 mi | Booking |
Sunset Farm Stay with Pond House
| 4 bd · 2.5 ba · sleeps 12 | $54,824 | $183 | 82% | 4.9★ (83) | 2.1 mi | Airbnb |
The Great Escape- 4 bedroom Condo- lots of space House
| 4 bd · 3 ba · sleeps 12 | $29,321 | $272 | 30% | 4.8★ (81) | 2.1 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 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium
Est. revenue
$36,667
NOI
$18,895
Cash flow /mo
-$696
Cash needed
$141,871
Cash-on-cash
-5.9%
ROE (yr 1)
4.6%
Cap rate
4.6%
DSCR
0.69
Year-1 write-off
$113,939
Year-1 tax shield @ 32%
$36,460
Year-1 return on equity
- Cash flow (annual)-$8,355
- Principal paydown$2,533
- Appreciation at%$12,297
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)$7,333
- Platform fees (3% of revenue)$1,100
- Maintenance / capex (5% of revenue)$1,833
- Utilities & supplies$4,200
- HOA$0
- Property tax$846
- Insurance (STR-rated)$2,459
Cash needed to close
- Down payment (25%)$102,475
- Closing costs (4.0%)$16,396
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$36,460
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
$374,000
Short-life (5/15-yr)
$91,000 · 24%
Year-1 deduction
$114,000
Year-1 tax shield @ 32%
$36,000
Land 9% (county tax record, market value split) · building $283,000 over 39 years · new furniture $23,000
Based on: 1,806 sq ft, built 2024, 4 bd / 3 ba, unfurnished, listing features (deck, stone counters, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $68,000 in year 1 (12% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $10,100
Kitchen cabinetsdefault
$9,800 new × 92% good × 1.12 allocation
- $10,300
Kitchen countertops (stone)listing
$10,000 new × 92% good × 1.12 allocation
- $3,300
Decorative trimdefault
$3,200 new × 92% good × 1.12 allocation
- $400
Mirrorsdefault
$500 new × 83% good × 1.12 allocation
- $1,500
Shelvingdefault
$1,500 new × 92% good × 1.12 allocation
- $4,000
Window coverings (18)default
$4,500 new × 80% good × 1.12 allocation
- $4,300
Carpet, vinyl & laminate (40% of floors)default
$4,600 new × 83% good × 1.12 allocation
- $8,200
Kitchen & laundry equipment plumbingdefault
$7,600 new × 96% good × 1.12 allocation
- $4,900
Kitchen, laundry & data equipment electricaldefault
$4,600 new × 96% good × 1.12 allocation
- $3,300
Appliances (range, microwave, dishwasher)listing
$3,500 new × 83% good × 1.12 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $9,100
Paving: driveway & walks (paved)default
$8,800 new × 92% good × 1.12 allocation
- $8,800
Landscaping (typical)default
$8,500 new × 92% good × 1.12 allocation
- $1,800
Patiosdefault
$1,800 new × 92% good × 1.12 allocation
- $20,500
Decks & porches (attached)listing
$20,300 new × 90% good × 1.12 allocation
- $212,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$195,400 new × 97% good × 1.12 allocation
- $21,900
Building plumbing & fixturesdefault
$20,300 new × 96% good × 1.12 allocation
- $21,700
Building electrical & lightingdefault
$20,200 new × 96% good × 1.12 allocation
- $20,600
HVACdefault
$20,300 new × 90% good × 1.12 allocation
- $7,200
Hardwood & tile floorsdefault
$7,000 new × 92% good × 1.12 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $73,400 | $40,200 | $300 | $113,900 |
| 2 | $0 | $0 | $7,300 | $7,300 |
| 3 | $0 | $0 | $7,300 | $7,300 |
| 4 | $0 | $0 | $7,300 | $7,300 |
| 5 | $0 | $0 | $7,300 | $7,300 |
| 6+ | $0 | $0 | $254,000 | $254,000 |
| Total | $73,400 | $40,200 | $283,400 | $397,000 |
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.