STR Yield
← Back to deals

Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

1824 Billard Way

1824 Billard Way

Sevierville, TN 37876

$925,000

4 bd · 3 ba · 2,340 sqft · Listed 3d ago

View on Realtor.com →
Est. land %Negative cash flow

Year built

2007

Sqft

2,340

Lot sqft

—

HOA / mo

$167

Furnished

No

List date

2026-10-08T23:21:09.000000Z

Revenue

Annual revenue

$71,981

ADR

$336

Occupancy

59%

Cleaning fees (12 mo)

$13,266

Confidence

Med (53.55), 50 comps

Comp revenue range (p25 / median / p75)

$44,323$58,776$75,891

Median revenue of shown comps: $54,433

  • "Mama Bear", Mtn Views+Hot Tub+Pool Table+Theater

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.1 mi

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

    Revenue $84,781ADR $354Occ ≈ 66%5★ (100)

    AirbnbVrbo

  • Mountain Views - Game Room - Seasonal Pool

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

    Revenue $58,657ADR $421Occ ≈ 38%4.9★ (10)

    AirbnbVrbo

  • Amazing Views! Community Pool! 7mi to Dollywood

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

    Revenue $114,009ADR $542Occ ≈ 58%5★ (201)

    AirbnbVrbo

  • Sweeping Mountain Views • Hot Tub • Quiet

    Cabin · 4 bd · 4 ba · sleeps 13 · 0.2 mi

    Revenue $40,716ADR $415Occ ≈ 27%5★ (18)

    AirbnbVrboBooking

  • Vista Infinita - Luxe Smoky Mountain Cabin

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

    Revenue $112,686ADR $346Occ ≈ 89%5★ (60)

    AirbnbVrbo

  • Wild Honey

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

    Revenue $71,721ADR $465Occ ≈ 42%5★ (14)

    AirbnbVrbo

  • Peaceful Feeling by American Patriot Getaways

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

    Revenue $91,839ADR $466Occ ≈ 54%—

    Booking

  • Majestic Smoky Mountain Views/HotTub/Arcade

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.3 mi

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

    Revenue $71,564ADR $384Occ ≈ 51%4.8★ (127)

    AirbnbVrbo

  • *Newly Renovated* 4BR | Slps 9 |Rec room | Hot Tub

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.4 mi

    Revenue $45,064ADR $292Occ ≈ 42%4.7★ (8)

    Airbnb

  • Wooded Cabin Near Pigeon Forge Hot Tub Games

    Vacation home · 4 bd · 3 ba · sleeps 9 · 0.4 mi

    Revenue $12,984ADR $192Occ ≈ 19%—

    Booking

Show 28 more
  • 4BR w/Mountain Views! Hot Tub*Sauna*Near Dollywood

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.6 mi

    Revenue $49,061ADR $421Occ ≈ 32%5★ (15)

    AirbnbVrbo

  • Million-Dollar Views • 3 Kings • Near Dollywood

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.6 mi

    Revenue $58,478ADR $360Occ ≈ 45%5★ (43)

    AirbnbVrbo

  • 3 decks w/ Amazing Mtn Views, Game Rm, Hot Tub!

    Cabin · 4 bd · 3 ba · sleeps 9 · 0.6 mi

    Revenue $38,428ADR $378Occ ≈ 28%4.8★ (132)

    AirbnbVrbo

  • Mtn Views • Hot Tub • Game Room • 10 min Dollywood

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.6 mi

    Revenue $38,355ADR $343Occ ≈ 31%5★ (30)

    AirbnbVrbo

  • Mtn VIEWS! Close to Dollywood +Hot tub, Pool table

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.6 mi

    Revenue $57,048ADR $366Occ ≈ 43%4.9★ (214)

    AirbnbVrbo

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

    Cabin · 4 bd · 3.5 ba · sleeps 11 · 0.6 mi

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

    AirbnbVrbo

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

    Cabin · 4 bd · 3.5 ba · sleeps 11 · 0.6 mi

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

    AirbnbVrboBooking

  • Superior MTN Views| HotTub | GameRoom | Sleeps 12

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.6 mi

    Revenue $33,744ADR $336Occ ≈ 28%4.7★ (43)

    AirbnbVrbo

  • Majestic Views | Prime Location | Game Room | 4BR

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.6 mi

    Revenue $44,364ADR $280Occ ≈ 43%5★ (31)

    Airbnb

  • Bear Watch | Views + Hot Tub + Games | Sleeps 12

    House · 4 bd · 3 ba · sleeps 12 · 0.7 mi

    Revenue $31,160ADR $395Occ ≈ 22%5★ (17)

    AirbnbVrbo

  • Grand Mountain View Lodge By Ghosal Lodging

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.7 mi

    Revenue $59,409ADR $386Occ ≈ 42%4.8★ (45)

    AirbnbVrboBooking

  • Beartastic Mountain View by Avada Properties

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

    Revenue $51,817ADR $213Occ ≈ 67%—

    Booking

  • Dad's Cabin: Mountain Views+pets+Dollywood+Hot Tub

    Cabin · 4 bd · 3 ba · sleeps 9 · 0.7 mi

    Revenue $44,309ADR $296Occ ≈ 41%4.8★ (135)

    AirbnbVrbo

  • Million Dollar Views | Dog Friendly Escape

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.7 mi

    Revenue $75,778ADR $354Occ ≈ 59%5★ (163)

    AirbnbVrbo

  • All About The View-great views, close to Dollywood

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.7 mi

    Revenue $64,072ADR $346Occ ≈ 51%3.9★ (45)

    AirbnbVrboBooking

  • Moonlight Getaway- great view, near pigeon forge

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.7 mi

    Revenue $64,297ADR $359Occ ≈ 49%4.2★ (20)

    AirbnbVrboBooking

  • Panoramic MtnVws-EVChgr-PoolTbl-HotTub-NearDlywood

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.7 mi

    Revenue $48,758ADR $328Occ ≈ 41%5★ (30)

    AirbnbVrboBooking

  • Mtn Range View-Pet OK-Hot Tub-Close to Attractions

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.7 mi

    Revenue $57,759ADR $313Occ ≈ 51%4.8★ (274)

    AirbnbVrboBooking

  • Game Room + Arcade • Hot-Tub • MTN Views

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.7 mi

    Revenue $14,007ADR $305Occ ≈ 13%4.8★ (10)

    Airbnb

  • 10% OFF! Just Renovated | Mountain Views| Location

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.7 mi

    Revenue $14,572ADR $373Occ ≈ 11%4.9★ (227)

    AirbnbVrbo

  • Mountain View • Hot Tub • Dogs OK • Sleeps 12

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.7 mi

    Revenue $44,670ADR $361Occ ≈ 34%4.8★ (11)

    AirbnbVrboBooking

  • Hot tub, Sleeps 11, Near Dollywood, Pet-friendly

    Cabin · 4 bd · 2 ba · sleeps 11 · 0.7 mi

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

    Revenue $63,786ADR $339Occ ≈ 52%4.9★ (48)

    AirbnbVrbo

  • Luxury Cabin | 4BR Fenced Yard, Hot Tub & Pets OK

    Cabin · 4 bd · 2 ba · sleeps 10 · 0.7 mi

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

    Revenue $41,048ADR $309Occ ≈ 36%4.9★ (27)

    AirbnbVrboBooking

  • Mountain & City View | 2 mi to Dollywood | Hot tub

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.7 mi

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

    Revenue $62,133ADR $277Occ ≈ 61%5★ (3)

    AirbnbVrbo

  • Eagle's Perch | MTN views | Hot Tub | Game Room!

    Cabin · 4 bd · 3 ba · sleeps 9 · 0.7 mi

    Revenue $22,178ADR $319Occ ≈ 19%4.5★ (10)

    AirbnbVrbo

  • Fall Getaway• Mountain Views• Hot Tub• Dollywood

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.7 mi

    Revenue $44,954ADR $347Occ ≈ 35%4.7★ (24)

    AirbnbVrboBooking

  • 25%OFF~4BR~Views~Hot Tub~10 Min to the Parkway

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.7 mi

    Revenue $77,246ADR $378Occ ≈ 56%4.9★ (173)

    AirbnbVrbo

  • MisBearHavin:Secluded*Pets*Games*HotTub*Wifi*Yard

    Cabin · 4 bd · 2 ba · sleeps 9 · 0.8 mi

    Revenue $24,119ADR $430Occ ≈ 15%4★ (12)

    Airbnb

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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

Est. revenue

$71,981

NOI

$38,223

Cash flow /mo

-$1,978

Cash needed

$297,250

Cash-on-cash

-8.0%

ROE (yr 1)

3.2%

Cap rate

4.1%

DSCR

0.62

Year-1 write-off

$166,273

Year-1 tax shield @ 32%

$53,207

Year-1 return on equity

  • Cash flow (annual)-$23,735
  • Principal paydown$5,625
  • Appreciation at%$27,750
ROE3.2%

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)$14,396
  • Platform fees (3% of revenue)$2,159
  • Maintenance / capex (5% of revenue)$3,599
  • Utilities & supplies$4,200
  • HOA$2,004
  • Property tax$1,849
  • Insurance (STR-rated)$5,550

Cash needed to close

  • Down payment (25%)$231,250
  • Closing costs (4.0%)$37,000
  • Furnishing (bought new)$29,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$53,207

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

$786,000

Short-life (5/15-yr)

$137,000 · 17%

Year-1 deduction

$166,000

Year-1 tax shield @ 32%

$53,000

Land 15% (market default, no usable tax-record split) · building $650,000 over 39 years · new furniture $29,000

Based on: 2,340 sq ft, built 2007, 4 bd / 3 ba, unfurnished, listing features (deck, game room, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $100,000 in year 1 (9% short-life, $32,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$97,400
  • Kitchen cabinetsdefault

    $10,900 new × 40% good × 2.82 allocation

    $12,300
  • Kitchen countertopsdefault

    $8,900 new × 40% good × 2.82 allocation

    $10,100
  • Decorative trimdefault

    $4,100 new × 40% good × 2.82 allocation

    $4,600
  • Mirrorsdefault

    $500 new × 40% good × 2.82 allocation

    $500
  • Shelvingdefault

    $1,500 new × 40% good × 2.82 allocation

    $1,700
  • Window coverings (23)default

    $5,800 new × 40% good × 2.82 allocation

    $6,500
  • Kitchen & laundry equipment plumbingdefault

    $8,500 new × 62% good × 2.82 allocation

    $14,900
  • Kitchen, laundry & data equipment electricaldefault

    $5,100 new × 62% good × 2.82 allocation

    $9,000
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 2.82 allocation

    $8,700
  • 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$68,200
  • Paving: driveway & walks (paved)default

    $10,000 new × 50% good × 2.82 allocation

    $14,200
  • Landscaping (typical)default

    $9,600 new × 50% good × 2.82 allocation

    $13,600
  • Patiosdefault

    $2,300 new × 50% good × 2.82 allocation

    $3,300
  • Decks & porches (attached)listing

    $26,300 new × 50% good × 2.82 allocation

    $37,200
Building, 39-year$649,700
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $253,700 new × 68% good × 2.82 allocation

    $489,700
  • Building plumbing & fixturesdefault

    $26,400 new × 62% good × 2.82 allocation

    $46,100
  • Building electrical & lightingdefault

    $26,900 new × 62% good × 2.82 allocation

    $47,200
  • HVACdefault

    $26,400 new × 40% good × 2.82 allocation

    $29,800
  • Hardwood & tile floorsdefault

    $15,100 new × 40% good × 2.82 allocation

    $17,000
  • Fireplacelisting

    $2,600 new × 40% good × 2.82 allocation

    $3,000
  • Septic systemlisting

    $12,000 new × 50% good × 2.82 allocation

    $16,900

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$97,400$68,200$700$166,300
2$0$0$16,700$16,700
3$0$0$16,700$16,700
4$0$0$16,700$16,700
5$0$0$16,700$16,700
6+$0$0$582,300$582,300
Total$97,400$68,200$649,700$815,200

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.