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

514 New Venture Way

514 New Venture Way

Sevierville, TN 37876

$1,195,000

5 bd · 5 ba · 3,532 sqft · Listed 2d ago

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

Year built

2025

Sqft

3,532

Lot sqft

436

HOA / mo

$199

Furnished

No

List date

2026-10-26T19:49:21.000000Z

Revenue

Annual revenue

$113,829

ADR

$508

Occupancy

61%

Cleaning fees (12 mo)

$21,533

Confidence

High (74.42), 31 comps

Comp revenue range (p25 / median / p75)

$93,740$102,768$118,211

Median revenue of shown comps: $102,549

  • 5 BR|5 BA| Sleeps13|Game Room| Rooftop w Hot Tub |

    Cabin · 5 bd · 5 ba · sleeps 13 · 141 ft

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

    Revenue $97,132ADR $537Occ ≈ 50%4.8★ (32)

    AirbnbVrboBooking

  • Indoor Pool • Golf Simulator • Sauna • Movie Room

    Cabin · 5 bd · 4.5 ba · sleeps 16 · 174 ft

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

    Revenue $86,707ADR $628Occ ≈ 38%4.9★ (26)

    AirbnbVrboBooking

  • Earth Lodge: Luxe Interior, Indoor Pool, Views

    House · 5 bd · 4.5 ba · sleeps 16 · 220 ft

    Revenue $114,448ADR $634Occ ≈ 49%5★ (28)

    AirbnbVrbo

  • 5 BR|5 BA| Sleeps13|Game Room| Rooftop w Hot Tub |

    Cabin · 5 bd · 5 ba · sleeps 13 · 292 ft

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

    Revenue $98,279ADR $540Occ ≈ 50%4.7★ (31)

    AirbnbVrboBooking

  • Purpose Lodge: Indoor Pool, Games & Iconic Views

    Cabin · 5 bd · 4.5 ba · sleeps 16 · 341 ft

    Revenue $106,356ADR $652Occ ≈ 45%4.8★ (23)

    AirbnbVrboBooking

  • Heated Indoor Pool, Theater, Game Room & Hot Tub

    Cabin · 5 bd · 4.5 ba · sleeps 16 · 367 ft

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +8

    Revenue $123,994ADR $707Occ ≈ 48%4.9★ (24)

    AirbnbVrbo

  • Luxe stay, Sleeps 12・Indoor Pool・Hot Tub・Games

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.1 mi

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

    Revenue $69,464ADR $481Occ ≈ 40%4.5★ (320)

    AirbnbVrboBooking

  • Luxe stay, Sleeps 12・Indoor Pool・Hot Tub・Games

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.1 mi

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

    Revenue $123,719ADR $443Occ ≈ 77%4.5★ (28)

    Vrbo

  • Luxe stay, Sleeps 12・Indoor Pool・Hot Tub・Games

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.1 mi

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

    Revenue $121,973ADR $433Occ ≈ 77%3★ (3)

    Vrbo

  • NEW! 5 BD|BA Luxe w/ Rooftop, Hot Tub, Game Room+

    Cabin · 5 bd · 5 ba · sleeps 12 · 0.2 mi

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

    Revenue $72,460ADR $826Occ ≈ 24%—

    AirbnbVrbo

Show 20 more
  • Sunshine Ridge Stays - Luxury cabin with Rooftop, Indoor Pool, Game Room & Hot Tub

    Vacation home · 5 bd · 6 ba · sleeps 12 · 0.2 mi

    Revenue $146,953ADR $632Occ ≈ 64%5★ (4)

    Booking

  • Indoor Pool • Golf SIM • Sauna • Hot Tub • Games

    House · 5 bd · 5 ba · sleeps 12 · 0.2 mi

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

    Revenue $45,890ADR $666Occ ≈ 19%5★ (14)

    AirbnbVrbo

  • Smokies Sunset Splash

    Vacation home · 5 bd · 4 ba · sleeps 14 · 0.2 mi

    Revenue $165,922ADR $813Occ ≈ 56%—

    Booking

  • Smokies Sunset Splash

    Cabin · 5 bd · 4 ba · sleeps 14 · 0.2 mi

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

    Revenue $131,707ADR $763Occ ≈ 47%5★ (28)

    AirbnbVrbo

  • 5BR Luxury Cabin・Pool・Near Dollywood / Water Parks

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $106,173ADR $460Occ ≈ 63%4.8★ (20)

    AirbnbVrbo

  • 5BR/5BA / Indoor Pool Rooftop Hot Tub/ Stunning Vi

    House · 5 bd · 5 ba · sleeps 12 · 0.3 mi

    Revenue $105,091ADR $578Occ ≈ 50%4.8★ (8)

    AirbnbBooking

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $49,753ADR $527Occ ≈ 26%4.6★ (448)

    AirbnbVrboBooking

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $101,235ADR $393Occ ≈ 71%4.5★ (6)

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $108,297ADR $397Occ ≈ 75%4.9★ (19)

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $100,246ADR $377Occ ≈ 73%4.4★ (18)

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $103,628ADR $372Occ ≈ 76%4.3★ (8)

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $91,789ADR $359Occ ≈ 70%4.5★ (6)

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

    Revenue $102,768ADR $387Occ ≈ 73%3.9★ (11)

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $102,275ADR $374Occ ≈ 75%3.4★ (8)

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $95,690ADR $384Occ ≈ 68%4.8★ (5)

    Vrbo

  • 5BR Luxury Cabin・Pool・Near Dollywood / Water Parks

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $61,290ADR $407Occ ≈ 41%—

    Vrbo

  • Luxe Stay N Smokies W Indoor Pool ・Hot Tub・Games

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $103,381ADR $434Occ ≈ 65%4.5★ (17)

    AirbnbVrbo

  • Luxe stay, Sleeps 12・Indoor Pool・Hot Tub・Games

    Cabin · 5 bd · 5 ba · sleeps 12 · 0.3 mi

    Revenue $134,942ADR $433Occ ≈ 85%5★ (2)

    Delisted

  • Luxe stay, Sleeps 12・Indoor Pool・Hot Tub・Games

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $102,330ADR $397Occ ≈ 71%4.6★ (5)

    Vrbo

  • A Contemporary Spring Haven w Private Indoor Pool!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.4 mi

    Revenue $81,339ADR $489Occ ≈ 46%4.8★ (39)

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

Est. revenue

$113,829

NOI

$63,769

Cash flow /mo

-$1,306

Cash needed

$373,050

Cash-on-cash

-4.2%

ROE (yr 1)

7.4%

Cap rate

5.3%

DSCR

0.80

Year-1 write-off

$306,049

Year-1 tax shield @ 32%

$97,936

Year-1 return on equity

  • Cash flow (annual)-$15,673
  • Principal paydown$7,384
  • Appreciation at%$35,850
ROE7.4%

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)$22,766
  • Platform fees (3% of revenue)$3,415
  • Maintenance / capex (5% of revenue)$5,691
  • Utilities & supplies$4,200
  • HOA$2,388
  • Property tax$4,430
  • Insurance (STR-rated)$7,170

Cash needed to close

  • Down payment (25%)$298,750
  • Closing costs (4.0%)$47,800
  • Furnishing (bought new)$26,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$97,936

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

$1,016,000

Short-life (5/15-yr)

$279,000 · 27%

Year-1 deduction

$306,000

Year-1 tax shield @ 32%

$98,000

Land 15% (market default, no usable tax-record split) · building $737,000 over 39 years · new furniture $27,000

Based on: 3,532 sq ft, built 2025, 5 bd / 5 ba, unfurnished, listing features (hot tub, pool, deck, fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $207,000 in year 1 (18% short-life, $66,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$125,500
  • Kitchen cabinetsdefault

    $13,500 new × 96% good × 1.42 allocation

    $18,400
  • Kitchen countertopsdefault

    $11,100 new × 96% good × 1.42 allocation

    $15,100
  • Decorative trimdefault

    $6,200 new × 96% good × 1.42 allocation

    $8,400
  • Mirrorsdefault

    $800 new × 92% good × 1.42 allocation

    $1,000
  • Shelvingdefault

    $1,800 new × 96% good × 1.42 allocation

    $2,500
  • Window coverings (35)default

    $8,800 new × 90% good × 1.42 allocation

    $11,200
  • Kitchen & laundry equipment plumbingdefault

    $10,500 new × 98% good × 1.42 allocation

    $14,700
  • Kitchen, laundry & data equipment electricaldefault

    $6,400 new × 98% good × 1.42 allocation

    $8,900
  • Appliances (range, microwave, dishwasher, refrigerator)listing

    $5,700 new × 92% good × 1.42 allocation

    $7,400
  • Hot tub (freestanding)listing

    $9,000 new × 90% good × 1.42 allocation

    $11,500
  • Furniture bought newlisting

    $26,500 new × 100% good · bought separately

    $26,500
15-year land improvements$179,800
  • Paving: driveway & walks (paved)default

    $12,300 new × 96% good × 1.42 allocation

    $16,800
  • Landscaping (typical)default

    $11,900 new × 96% good × 1.42 allocation

    $16,100
  • Patiosdefault

    $3,500 new × 96% good × 1.42 allocation

    $4,800
  • Decks & porches (attached)listing

    $39,700 new × 95% good × 1.42 allocation

    $53,600
  • Pool (in-ground)listing

    $65,000 new × 96% good × 1.42 allocation

    $88,500
Building, 39-year$737,000
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $383,400 new × 98% good × 1.42 allocation

    $534,900
  • Building plumbing & fixturesdefault

    $39,800 new × 98% good × 1.42 allocation

    $55,400
  • Building electrical & lightingdefault

    $42,000 new × 98% good × 1.42 allocation

    $58,500
  • HVACdefault

    $39,800 new × 95% good × 1.42 allocation

    $53,600
  • Hardwood & tile floorsdefault

    $22,700 new × 96% good × 1.42 allocation

    $31,000
  • Fireplacelisting

    $2,600 new × 96% good × 1.42 allocation

    $3,600

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$125,500$179,800$800$306,000
2$0$0$18,900$18,900
3$0$0$18,900$18,900
4$0$0$18,900$18,900
5$0$0$18,900$18,900
6+$0$0$660,600$660,600
Total$125,500$179,800$737,000$1,042,300

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.