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Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

2759 Owls Cove Way

2759 Owls Cove Way

Sevierville, TN 37862

$899,000

3 bd · 4 ba · 2,000 sqft · Listed 1d ago

View on Realtor.com →
Rental historyEst. land %Negative cash flow

Year built

2026

Sqft

2,000

Lot sqft

53,579

HOA / mo

$3

Furnished

No

List date

2026-09-29T15:34:37.000000Z

Revenue

Annual revenue

$77,692

ADR

$332

Occupancy

64%

Cleaning fees (12 mo)

$13,633

Confidence

Low (47.23), 48 comps

Comp revenue range (p25 / median / p75)

$43,264$61,955$92,281
  • Copper River - Swim Among Waterfalls & Hike Trails

    Cabin · 3 bd · 4 ba · sleeps 12 · 325 ft

    Revenue $150,833ADR $515Occ ≈ 80%4.3★ (23)

    AirbnbVrboBooking

  • Modern Cabin G'burg+Private Indoor Pool+Hot Tub

    Cabin · 3 bd · 3.5 ba · sleeps 6 · 328 ft

    Revenue $114,193ADR $465Occ ≈ 67%5★ (45)

    AirbnbVrboBooking

  • Discount|Pool Table|Hot Tub|Fire Pit|New!

    House · 3 bd · 3 ba · sleeps 6 · 400 ft

    Revenue $19,325ADR $546Occ ≈ 10%—

    AirbnbVrboBooking

  • Golf Sim Cabin | Hot Tub, Game Room & Firepit

    Cabin · 3 bd · 4.5 ba · sleeps 12 · 466 ft

    Revenue $114,137ADR $463Occ ≈ 68%5★ (43)

    AirbnbVrboBooking

  • Brookside 42

    Cottage · 3 bd · 3.5 ba · sleeps 8 · 476 ft

    Revenue $61,955ADR $298Occ ≈ 57%4.9★ (50)

    AirbnbVrbo

  • NEW|LUXE|Fire Pit|Game Room|Arcade|Kids Welcome

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.1 mi

    Revenue $79,338ADR $316Occ ≈ 69%5★ (52)

    AirbnbVrbo

  • SPACIOUS FAMILY RETREAT NEAR ALL THE FUN! STUNNING VIEW, EASY ACCESS.

    House · 3 bd · 3 ba · sleeps 12 · 0.1 mi

    Revenue $43,795ADR $374Occ ≈ 32%4.9★ (151)

    Vrbo

  • Post Oak Lodge

    Cabin · 3 bd · 4 ba · sleeps 12 · 0.2 mi

    Revenue $137,424ADR $573Occ ≈ 66%5★ (36)

    AirbnbVrboBooking

  • Valley Dream: 3BR/One level/No Stairs/Pool Access

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.2 mi

    Revenue $51,315ADR $361Occ ≈ 39%4.9★ (65)

    AirbnbVrbo

  • Theater•Hot Tub•Game Room | 4BR Sleeps 10

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.2 mi

    Revenue $44,940ADR $324Occ ≈ 38%4★ (4)

    AirbnbVrboBooking

Show all 49 comps
  • Kim's Cove

    Vacation home · 3 bd · 3 ba · sleeps 10 · 0.2 mi

    Revenue $42,267ADR $1,722Occ ≈ 7%—

    Booking

  • Mini Golf Deck w/ a VIEW + DeckBar & Mimosa Club?

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $58,608ADR $452Occ ≈ 36%4.8★ (179)

    AirbnbVrbo

  • Smoky Views - Near Dollywood, PForge & Gatlinburg!

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.2 mi

    Revenue $22,421ADR $343Occ ≈ 18%4.6★ (145)

    AirbnbVrbo

  • Mountain Magic | Large Cabin, Fireplace, Hot Tub!

    Cabin · 3 bd · 3.5 ba · sleeps 9 · 0.2 mi

    Revenue $74,171ADR $509Occ ≈ 40%4.5★ (62)

    AirbnbVrboBooking

  • Best View Ever 50

    Cabin · 3 bd · 3 ba · sleeps 6 · 0.2 mi

    Revenue $46,028ADR $397Occ ≈ 32%4.8★ (37)

    AirbnbVrbo

  • Mountain Magic: Movie Theater, Hot Tub & GameRoom!

    House · 3 bd · 3.5 ba · sleeps 9 · 0.3 mi

    Revenue $17,554ADR $258Occ ≈ 19%4.8★ (4)

    AirbnbVrboBooking

  • NEW Lagniappe Lookout !

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.3 mi

    Revenue $131,954ADR $539Occ ≈ 67%5★ (121)

    AirbnbVrbo

  • Modern Luxury Pool Cabin-Hot Tub-Treeline Views!

    Cabin · 3 bd · 3.5 ba · sleeps 6 · 0.4 mi

    Revenue $82,892ADR $373Occ ≈ 61%5★ (199)

    AirbnbVrbo

  • Moonshine Ridge - Brand new 3 bedroom

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

    Revenue $15,335ADR $324Occ ≈ 13%5★ (1)

    AirbnbVrbo

  • A Wild Mountain Splash: Pool, Theater, Hot Tub

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.5 mi

    Revenue $104,596ADR $613Occ ≈ 47%4.2★ (6)

    AirbnbVrbo

  • Family Fun Cabin: Hot Tub, Game Room & BBQ!

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.5 mi

    Revenue $71,804ADR $326Occ ≈ 60%5★ (169)

    AirbnbVrbo

  • NEW Family Friendly - Games - Hot Tub - Fire Pit

    Vacation home · 3 bd · 3 ba · sleeps 12 · 0.5 mi

    Revenue $73,695ADR $324Occ ≈ 62%—

    Booking

  • NEW! Pool Cabin | Kids’ Slide | GmRm | EVCharger

    Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.5 mi

    Revenue $147,899ADR $434Occ ≈ 93%5★ (109)

    Airbnb

  • Secluded-Mt Views-Best Amenities-Swim Pool access!

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.5 mi

    Revenue $95,585ADR $423Occ ≈ 62%—

    Airbnb

  • Hot Tub • Creek Access • Log Lodge • Location!

    Cabin · 3 bd · 3 ba · sleeps 9 · 0.5 mi

    Revenue $58,308ADR $319Occ ≈ 50%5★ (2)

    AirbnbVrbo

  • Dreamy Secluded Cabin Near Dollywood and GSMNP

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.5 mi

    Revenue $16,186ADR $331Occ ≈ 13%5★ (3)

    AirbnbVrbo

  • Homey Cabin, Sleep 15・Hot Tub・Gazebo・Games・Firepit

    Cabin · 3 bd · 3 ba · sleeps 15 · 0.5 mi

    Revenue $31,482ADR $233Occ ≈ 37%4.5★ (24)

    AirbnbVrboBooking

  • 3 BR, Big Game Room, Cozy Outdoor Spaces!

    Cabin · 3 bd · 3 ba · sleeps 11 · 0.5 mi

    Revenue $79,229ADR $410Occ ≈ 53%5★ (13)

    AirbnbVrbo

  • Views • Game Room • Hot Tub • Sleeps 12

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.5 mi

    Revenue $41,445ADR $297Occ ≈ 38%4.5★ (14)

    AirbnbVrbo

  • 3BR Laurel Branch | Free Attraction Tickets

    Cabin · 3 bd · 3 ba · sleeps 15 · 0.5 mi

    Revenue $29,084ADR $283Occ ≈ 28%4.7★ (73)

    AirbnbVrbo

  • PappaBearSpl:POOL*Pets*Fireplace*HotTub*Wifi*Games

    Cabin · 3 bd · 4 ba · sleeps 6 · 0.5 mi

    Revenue $92,281ADR $557Occ ≈ 45%3.5★ (2)

    AirbnbVrbo

  • "Big Bad John's Cabin" 3 Bedroom Cabin

    House · 3 bd · 3.5 ba · sleeps 12 · 0.5 mi

    Revenue $68,722ADR $574Occ ≈ 33%5★ (1)

    Airbnb

  • Smoky Hollow: Indoor Pool, Views & Step-Free Entry

    Cabin · 3 bd · 3.5 ba · sleeps 12 · 0.5 mi

    Revenue $111,915ADR $561Occ ≈ 55%4.8★ (4)

    AirbnbVrbo

  • Smoky Mountain Mist - Theater + Private Putt-Putt!

    Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.5 mi

    Revenue $87,250ADR $502Occ ≈ 48%4.2★ (4)

    AirbnbVrboBooking

  • Mountain Views/2800 sq ft Large Very Spacious 3bed

    Cabin · 3 bd · 3 ba · sleeps 12 · 0.5 mi

    Revenue $97,724ADR $304Occ ≈ 88%4.8★ (355)

    AirbnbVrboBooking

  • Laurel View Smart Cabin ~ Beautiful 3 Bedroom Smart Cabin with a Mtn. View!

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

    Revenue $55,465ADR $291Occ ≈ 52%4.9★ (185)

    Vrbo

  • Heaven's Gates

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

    Revenue $53,632ADR $487Occ ≈ 30%4.5★ (6)

    AirbnbVrbo

  • Pigeon Forge - Gated Resort - Game Room

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

    Revenue $88,153ADR $391Occ ≈ 62%4.9★ (8)

    AirbnbVrbo

  • Honey Bear Hideaway | Hot Tub, Views, Game Room

    House · 3 bd · 3 ba · sleeps 12 · 0.6 mi

    Revenue $58,799ADR $419Occ ≈ 38%5★ (51)

    AirbnbVrbo

  • Mtn-view home w/ hot tub + free attraction tickets

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

    Revenue $52,202ADR $396Occ ≈ 36%4.7★ (210)

    AirbnbVrboBooking

  • Sevierville Cabin | Hot Tub & Games

    Cabin · 3 bd · 3.5 ba · sleeps 14 · 0.6 mi

    Revenue $104,870ADR $356Occ ≈ 81%4.8★ (38)

    AirbnbVrbo

  • Stunning 3BR Mtn View + Free Attraction Tickets

    Cabin · 3 bd · 3.5 ba · sleeps 8 · 0.6 mi

    Revenue $26,964ADR $330Occ ≈ 22%4.8★ (129)

    AirbnbVrboBooking

  • Mountain View Cabin-Family Getaway-Gameroom-Much More!! Seasonal Pool Access-Pet Friendly

    Cabin · 3 bd · 3 ba · sleeps 15 · 0.6 mi

    Revenue $74,186ADR $328Occ ≈ 62%4.7★ (67)

    VrboBooking

  • Log Cabin w/Theater Room & Free Attraction Tickets

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

    Revenue $20,492ADR $276Occ ≈ 20%4.3★ (136)

    AirbnbVrboBooking

  • Less than 15 Min 2 Pigeon Forge Parkway/Spacious

    Cabin · 3 bd · 3.5 ba · sleeps 8 · 0.6 mi

    Revenue $54,218ADR $304Occ ≈ 49%4.9★ (430)

    AirbnbVrbo

  • The Treehouse, Sleep 12, Hot Tub, Firepit, Game Ro

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

    Revenue $43,264ADR $356Occ ≈ 33%4.3★ (10)

    Airbnb

  • The Treehouse, Sleep 12・Hot Tub・Firepit・Game Room

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

    Revenue $63,463ADR $356Occ ≈ 49%4.8★ (7)

    AirbnbVrboBooking

  • Slps 12 · 3 Kings · Hot Tub · Game Barn · Pets OK

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

    Revenue $22,077ADR $300Occ ≈ 20%5★ (9)

    AirbnbVrboBooking

  • Log Wild!*Mtn. Views*Gas Fireplace*Sleeps 12

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

    Revenue $92,609ADR $393Occ ≈ 65%4.5★ (4)

    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

Financing
Management
Term

Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

Est. revenue

$77,692

NOI

$46,145

Cash flow /mo

-$999

Cash needed

$280,210

Cash-on-cash

-4.3%

ROE (yr 1)

7.4%

Cap rate

5.1%

DSCR

0.79

Year-1 write-off

$214,350

Year-1 tax shield @ 32%

$68,592

Year-1 return on equity

  • Cash flow (annual)-$11,987
  • Principal paydown$5,883
  • Appreciation at%$26,970
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)$15,538
  • Platform fees (3% of revenue)$2,331
  • Maintenance / capex (5% of revenue)$3,885
  • Utilities & supplies$4,200
  • HOA$36
  • Property tax$163
  • Insurance (STR-rated)$5,394

Cash needed to close

  • Down payment (25%)$224,750
  • Closing costs (4.0%)$35,960
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$68,592

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

$764,000

Short-life (5/15-yr)

$193,000 · 25%

Year-1 deduction

$214,000

Year-1 tax shield @ 32%

$69,000

Land 15% (market default, no usable tax-record split) · building $571,000 over 39 years · new furniture $20,000

Based on: 2,000 sq ft, built 2026, 3 bd / 4 ba, unfurnished, listing features (hot tub, deck, fireplace, stone counters, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $125,000 in year 1 (13% short-life, $40,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$141,400
  • Kitchen cabinetsdefault

    $10,200 new × 100% good × 1.86 allocation

    $19,000
  • Kitchen countertops (stone)listing

    $10,400 new × 100% good × 1.86 allocation

    $19,400
  • Decorative trimdefault

    $3,500 new × 100% good × 1.86 allocation

    $6,500
  • Mirrorsdefault

    $600 new × 100% good × 1.86 allocation

    $1,100
  • Shelvingdefault

    $1,200 new × 100% good × 1.86 allocation

    $2,200
  • Window coverings (20)default

    $5,000 new × 100% good × 1.86 allocation

    $9,300
  • Carpet, vinyl & laminate (40% of floors)default

    $5,100 new × 100% good × 1.86 allocation

    $9,600
  • Kitchen & laundry equipment plumbingdefault

    $7,900 new × 100% good × 1.86 allocation

    $14,800
  • Kitchen, laundry & data equipment electricaldefault

    $4,800 new × 100% good × 1.86 allocation

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

    $7,700 new × 100% good × 1.86 allocation

    $14,300
  • Hot tub (freestanding)listing

    $9,000 new × 100% good × 1.86 allocation

    $16,800
  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$71,100
  • Paving: driveway & walks (paved)default

    $9,300 new × 100% good × 1.86 allocation

    $17,300
  • Landscaping (minimal)listing

    $4,500 new × 100% good × 1.86 allocation

    $8,300
  • Patiosdefault

    $2,000 new × 100% good × 1.86 allocation

    $3,700
  • Decks & porches (attached)listing

    $22,500 new × 100% good × 1.86 allocation

    $41,900
Building, 39-year$571,100
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $216,700 new × 100% good × 1.86 allocation

    $403,500
  • Building plumbing & fixturesdefault

    $22,500 new × 100% good × 1.86 allocation

    $41,900
  • Building electrical & lightingdefault

    $22,600 new × 100% good × 1.86 allocation

    $42,100
  • HVACdefault

    $22,500 new × 100% good × 1.86 allocation

    $42,000
  • Hardwood & tile floorsdefault

    $7,700 new × 100% good × 1.86 allocation

    $14,400
  • Fireplacelisting

    $2,600 new × 100% good × 1.86 allocation

    $4,900
  • Septic systemlisting

    $12,000 new × 100% good × 1.86 allocation

    $22,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$141,400$71,100$1,800$214,300
2$0$0$14,600$14,600
3$0$0$14,600$14,600
4$0$0$14,600$14,600
5$0$0$14,600$14,600
6+$0$0$510,700$510,700
Total$141,400$71,100$571,100$783,700

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 and Georgia 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.