606 Johnson Estate Ln
Sevierville, TN 37862
$465,000
3 bd · 2 ba · 1,742 sqft · Listed 1d ago
View on Realtor.com →Year built
2023
Sqft
1,742
Lot sqft
6,534
HOA / mo
$29
Furnished
No
List date
2026-10-02T14:46:14.000000Z
Revenue
Annual revenue
$41,328
ADR
$191
Occupancy
59%
Cleaning fees (12 mo)
$6,520
Confidence
Low (46.27), 24 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $41,231
Westover Park Condo 101 - A Quiet Getaway Near the Great Smoky Mountains
Condominium (condo) · 3 bd · 2 ba · sleeps 8 · 0.4 mi
Revenue $17,832ADR $198Occ ≈ 25%4.7★ (127)
Peaceful Escape By The Mountains
House · 3 bd · 1.5 ba · sleeps 8 · 0.5 mi
Revenue $10,476ADR $96Occ ≈ 30%5★ (1)
Spacious Family home w/ Mtn Views, 1mi to Parkway!
House · 3 bd · 3 ba · sleeps 7 · 0.5 mi
Revenue $47,456ADR $250Occ ≈ 52%5★ (43)
Hideaway Cove
Vacation home · 3 bd · 3 ba · sleeps 6 · 0.6 mi
Revenue $32,084ADR $267Occ ≈ 33%4.7★ (9)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Westover Park Condo 101 - A Quiet Getaway Near the Great Smoky Mountains Condominium (condo) | 3 bd · 2 ba · sleeps 8 | $17,832 | $198 | 25% | 4.7★ (127) | 0.4 mi | Vrbo |
Peaceful Escape By The Mountains House | 3 bd · 1.5 ba · sleeps 8 | $10,476 | $96 | 30% | 5★ (1) | 0.5 mi | Airbnb |
Dolly Parton Themed Rancher. Minutes from Chalet | 3 bd · 1.5 ba · sleeps 10 | $59,786 | $510 | 32% | 3.8★ (11) | 0.5 mi | AirbnbVrboBooking |
Spacious Family home w/ Mtn Views, 1mi to Parkway! House | 3 bd · 3 ba · sleeps 7 | $47,456 | $250 | 52% | 5★ (43) | 0.5 mi | Airbnb |
Luxury Retreat w/ Hot Tub, Arcade, Huge Rec Room Cabin | 3 bd · 3 ba · sleeps 8 | $55,311 | $376 | 40% | 5★ (70) | 0.5 mi | AirbnbVrbo |
7 Miles to Dollywood * Hot Tub*Modern Retreat Cabin | 3 bd · 2.5 ba · sleeps 8 | $59,518 | $288 | 57% | 5★ (121) | 0.6 mi | AirbnbVrboBooking |
Hideaway Cove Vacation home | 3 bd · 3 ba · sleeps 6 | $32,084 | $267 | 33% | 4.7★ (9) | 0.6 mi | Booking |
Dolly Parton Themed Rancher. Minutes from Shopping and Dollywood Chalet | 3 bd · 2 ba · sleeps 10 | $31,603 | $234 | 37% | 4.4★ (19) | 0.6 mi | VrboBooking |
Great Location, Sleeps 8・Near Parkway・Hot Tub House | 3 bd · 2.5 ba · sleeps 8 | $23,504 | $213 | 30% | 4.7★ (19) | 0.6 mi | AirbnbVrboBooking |
Sevierville Group-Friendly Condos Apartment | 3 bd · 3 ba · sleeps 6 | $76,227 | $282 | 74% | 5★ (10) | 0.6 mi | AirbnbVrbo |
Show 10 more
Cedars Peak Downtown 2 Condos
Apartment · 3 bd · 3 ba · sleeps 6 · 0.6 mi
Revenue $56,774ADR $268Occ ≈ 58%—
Vintage Brick Ranch Home, in the heart of Sevierville - Min 30 day Stay
House · 3 bd · 3 ba · sleeps 6 · 0.7 mi
Revenue $11,765ADR $100Occ ≈ 32%5★ (1)
Hillside Manor
Cabin · 3 bd · 3 ba · sleeps 7 · 0.7 mi
Revenue $46,598ADR $257Occ ≈ 50%4.9★ (22)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Cedars Peak Downtown 2 Condos Apartment | 3 bd · 3 ba · sleeps 6 | $56,774 | $268 | 58% | — | 0.6 mi | Booking |
Beautiful & Cozy Amazing Views, Games rm, Hot Tub! House | 3 bd · 3 ba · sleeps 9 | $59,379 | $286 | 57% | 4.8★ (304) | 0.6 mi | AirbnbVrboBooking |
Fall Specials|Pet Friendly|Hot tub|Gameroom|PS4 Cabin | 3 bd · 2.5 ba · sleeps 8 | $71,267 | $320 | 61% | 5★ (282) | 0.7 mi | AirbnbVrbo |
★The Hideaway★ | Theater, View, Hot Tub, BBQ Cabin | 3 bd · 3 ba · sleeps 10 | $35,863 | $320 | 31% | 4.8★ (121) | 0.7 mi | AirbnbVrbo |
Hideaway Hollow Cabin | 3 bd · 3 ba · sleeps 8 | $2,781 | $448 | 2% | 5★ (1) | 0.7 mi | AirbnbVrboBooking |
3 Decks, Dollywood, GREAT Location, Hot Tub, GSMNP Cabin | 3 bd · 3 ba · sleeps 8 | $55,156 | $306 | 49% | 5★ (62) | 0.7 mi | AirbnbVrbo |
Vintage Brick Ranch Home, in the heart of Sevierville - Min 30 day Stay House | 3 bd · 3 ba · sleeps 6 | $11,765 | $100 | 32% | 5★ (1) | 0.7 mi | Vrbo |
Victorian Grace ...with modern amenities House | 3 bd · 2 ba · sleeps 6 | $18,685 | $128 | 40% | 4.8★ (6) | 0.7 mi | AirbnbVrbo |
Hillside Manor Cabin | 3 bd · 3 ba · sleeps 7 | $46,598 | $257 | 50% | 4.9★ (22) | 0.7 mi | Airbnb |
Captain Puddle Pirate's Hideaway House | 3 bd · 1 ba · sleeps 6 | $31,231 | $155 | 55% | 5★ (1) | 0.7 mi | AirbnbVrboBooking |
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 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium
Est. revenue
$41,328
NOI
$21,033
Cash flow /mo
-$814
Cash needed
$154,350
Cash-on-cash
-6.3%
ROE (yr 1)
4.6%
Cap rate
4.5%
DSCR
0.68
Year-1 write-off
$115,974
Year-1 tax shield @ 32%
$37,112
Year-1 return on equity
- Cash flow (annual)-$9,762
- Principal paydown$2,896
- Appreciation at%$13,950
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)$8,266
- Platform fees (3% of revenue)$1,240
- Maintenance / capex (5% of revenue)$2,066
- Utilities & supplies$4,200
- HOA$348
- Property tax$1,385
- Insurance (STR-rated)$2,790
Cash needed to close
- Down payment (25%)$116,250
- Closing costs (4.0%)$18,600
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$37,112
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
$409,000
Short-life (5/15-yr)
$96,000 · 24%
Year-1 deduction
$116,000
Year-1 tax shield @ 32%
$37,000
Land 12% (county tax record, market value split) · building $313,000 over 39 years · new furniture $20,000
Based on: 1,742 sq ft, built 2023, 3 bd / 2 ba, unfurnished, listing features (patio, fence, fireplace, stone counters, flooring types, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $87,000 in year 1 (16% short-life, $28,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,000
Kitchen cabinetsdefault
$9,600 new × 88% good × 1.30 allocation
- $11,300
Kitchen countertops (stone)listing
$9,800 new × 88% good × 1.30 allocation
- $3,500
Decorative trimdefault
$3,000 new × 88% good × 1.30 allocation
- $300
Mirrorsdefault
$300 new × 75% good × 1.30 allocation
- $1,400
Shelvingdefault
$1,200 new × 88% good × 1.30 allocation
- $3,900
Window coverings (17)default
$4,300 new × 70% good × 1.30 allocation
- $5,500
Carpet, vinyl & laminate (50% of floors)listing
$5,600 new × 75% good × 1.30 allocation
- $9,200
Kitchen & laundry equipment plumbingdefault
$7,500 new × 94% good × 1.30 allocation
- $5,500
Kitchen, laundry & data equipment electricaldefault
$4,500 new × 94% good × 1.30 allocation
- $7,500
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 75% good × 1.30 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $9,900
Paving: driveway & walks (paved)default
$8,700 new × 88% good × 1.30 allocation
- $9,600
Landscaping (typical)default
$8,300 new × 88% good × 1.30 allocation
- $9,000
Patioslisting
$7,800 new × 88% good × 1.30 allocation
- $1,900
Decks & porches (attached)default
$1,700 new × 85% good × 1.30 allocation
- $6,700
Fencinglisting
$6,000 new × 85% good × 1.30 allocation
- $233,900
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$188,800 new × 95% good × 1.30 allocation
- $24,000
Building plumbing & fixturesdefault
$19,600 new × 94% good × 1.30 allocation
- $23,700
Building electrical & lightingdefault
$19,400 new × 94% good × 1.30 allocation
- $21,800
HVACdefault
$19,600 new × 85% good × 1.30 allocation
- $6,400
Hardwood & tile floorsdefault
$5,600 new × 88% good × 1.30 allocation
- $3,000
Fireplacelisting
$2,600 new × 88% good × 1.30 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $78,600 | $37,000 | $300 | $116,000 |
| 2 | $0 | $0 | $8,000 | $8,000 |
| 3 | $0 | $0 | $8,000 | $8,000 |
| 4 | $0 | $0 | $8,000 | $8,000 |
| 5 | $0 | $0 | $8,000 | $8,000 |
| 6+ | $0 | $0 | $280,500 | $280,500 |
| Total | $78,600 | $37,000 | $312,900 | $428,500 |
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.