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Rate 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

1939 Legacy Dr

1939 Legacy Dr

Sevierville, TN 37876

$795,000

2 bd · 3 ba · 2,106 sqft · Listed today

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

Year built

2003

Sqft

2,106

Lot sqft

20,038

HOA / mo

$135

Furnished

No

List date

2026-10-31T03:06:16.000000Z

Revenue

Annual revenue

$75,069

ADR

$302

Occupancy

68%

Cleaning fees (12 mo)

$11,445

Confidence

High (75.85), 48 comps

Comp revenue range (p25 / median / p75)

$64,061$72,711$85,676

Median revenue of shown comps: $72,711

  • OUR SPECTACULAR VIEW Cabin, Starr Crest Resort, Pigeon Forge, AMAZING Location!

    Cabin · 2 bd · 2 ba · sleeps 6 · 190 ft

    Revenue $92,377ADR $282Occ ≈ 90%5★ (408)

    Vrbo

  • Smokies Mountain Charm: Views, Hot Tub, Game Room!

    Cabin · 2 bd · 2 ba · sleeps 4 · 207 ft

    Revenue $54,950ADR $224Occ ≈ 67%4.5★ (37)

    AirbnbVrbo

  • Amazing Mountain Views! 10 minutes to Dollywood

    Cabin · 2 bd · 2 ba · sleeps 6 · 230 ft

    Revenue $72,925ADR $218Occ ≈ 92%4.8★ (461)

    Airbnb

  • For Your Eyes Only - Mountain views & hot tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 345 ft

    Revenue $55,869ADR $254Occ ≈ 60%4.8★ (8)

    AirbnbBooking

  • Majestic Mountain Escape: Sunrise Views + Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 358 ft

    Revenue $100,115ADR $415Occ ≈ 66%4.9★ (12)

    AirbnbVrbo

  • Luxury Log Cabin With Million Dollar Panoramic Smoky Mountain Views

    Cabin · 2 bd · 2 ba · sleeps 6 · 384 ft

    Revenue $61,847ADR $298Occ ≈ 57%5★ (356)

    Vrbo

  • Secluded Smoky Mountain Escape

    Cabin · 2 bd · 2 ba · sleeps 7 · 417 ft

    Revenue $72,430ADR $236Occ ≈ 84%4.9★ (80)

    AirbnbVrbo

  • A Mountain Paradise -NEW HOT TUB NOV 21

    Cabin · 2 bd · 2 ba · sleeps 6 · 456 ft

    Revenue $71,619ADR $310Occ ≈ 63%4.8★ (376)

    AirbnbVrbo

  • Fall SALE!! 2 Bdrm cabin in STARR CREST RESORT!! MINUTES from DOLLYWOOD!!

    Cabin · 2 bd · 2 ba · sleeps 6 · 486 ft

    Revenue $62,685ADR $351Occ ≈ 49%4.9★ (204)

    Vrbo

  • A Walk In The Clouds Cabin

    Cabin · 2 bd · 2 ba · sleeps 6 · 486 ft

    Revenue $53,694ADR $311Occ ≈ 47%4.9★ (308)

    AirbnbVrbo

Show 30 more
  • Midnight Wonder: Valley Views, Resort Pool

    Cabin · 2 bd · 2 ba · sleeps 6 · 499 ft

    Revenue $66,885ADR $312Occ ≈ 59%4.5★ (30)

    AirbnbVrbo

  • Mountain Views! Hot Tub + Fireplace + Game Room!

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $101,145ADR $335Occ ≈ 83%5★ (200)

    AirbnbVrbo

  • Pigeon Forge 2 King Bedroom Cabin! Stunning View!

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.1 mi

    Revenue $74,492ADR $325Occ ≈ 63%5★ (170)

    AirbnbVrbo

  • Priceless View, $560 FREE tickets each paid day

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $75,439ADR $308Occ ≈ 67%4.3★ (39)

    AirbnbVrboBooking

  • Cozy Cabin Retreat | Pool Table, Air Hockey & More

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $88,419ADR $284Occ ≈ 85%4.9★ (169)

    AirbnbVrbo

  • A Shining Starr Beautiful MTN Views Hot Tub

    Vacation home · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $107,295ADR $349Occ ≈ 84%5★ (4)

    Booking

  • Dream Weaver: Mountain Views, Hot Tub, Resort Pool

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $85,645ADR $347Occ ≈ 68%4.3★ (8)

    AirbnbVrbo

  • Mountian Views! Fall Specials! Hot Tub-Pool Table

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $93,114ADR $315Occ ≈ 81%5★ (259)

    AirbnbVrbo

  • Angel's Choice - Soak and Play!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $70,142ADR $322Occ ≈ 60%4.5★ (30)

    AirbnbVrboBooking

  • Elevated Comfort, Smoky Mtn View & Prime Location!

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $93,135ADR $342Occ ≈ 75%5★ (241)

    AirbnbVrbo

  • Come have A Taste Of Honey in Starr Crest resort.

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $72,496ADR $280Occ ≈ 71%5★ (108)

    AirbnbVrboBooking

  • 2BR Cabin w/ Game Room, Hot Tub & EV Charger

    Cabin · 2 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $71,264ADR $285Occ ≈ 69%4.8★ (87)

    AirbnbVrboBooking

  • Love On Music Mountain

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $80,771ADR $284Occ ≈ 78%4.9★ (413)

    AirbnbVrbo

  • Majestic 2BD near TOWN! VIEWS . Pool

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $64,520ADR $246Occ ≈ 72%4.8★ (224)

    AirbnbVrbo

  • Heavenly Peak Lodge by Avada Properties

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $62,429ADR $233Occ ≈ 73%4.4★ (14)

    Booking

  • Striking Cabin with a Hot Tub and Mountain Views

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $72,138ADR $248Occ ≈ 80%5★ (626)

    Airbnb

  • AmazingView#Dollywood#Gatlinburg#Sunset#SmokyMT

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $67,323ADR $246Occ ≈ 75%4.8★ (411)

    AirbnbVrbo

  • Unbearable Views: Panoramic Vistas with Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $78,418ADR $340Occ ≈ 63%4.3★ (6)

    AirbnbVrbo

  • Sensational Sunset! Sevierville Home w/ Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $66,413ADR $270Occ ≈ 67%5★ (285)

    AirbnbVrboBooking

  • Candy Kisses - Enclosed 2nd Bedroom w/ Mtn View!

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $93,581ADR $292Occ ≈ 88%4.8★ (109)

    AirbnbVrbo

  • Tennessee Treasure - Mountain View w/ New Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $77,939ADR $260Occ ≈ 82%4.8★ (121)

    AirbnbVrbo

  • Between Two Pines — Modern Cabin near Dollywood

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $79,022ADR $361Occ ≈ 60%4.8★ (41)

    AirbnbVrboBooking

  • Howlin' In The Smokies*MTN Views*Game Room*WiFi

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $67,425ADR $273Occ ≈ 68%4.7★ (10)

    AirbnbVrbo

  • Luxe 2BR | Hot Tub | Free Attraction Tickets

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.3 mi

    Revenue $23,174ADR $320Occ ≈ 20%4.7★ (147)

    AirbnbVrboBooking

  • Spacious Cabin, Theater & Game Room, Pool Access

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.3 mi

    Revenue $52,395ADR $283Occ ≈ 51%4.2★ (8)

    AirbnbVrboBooking

  • Awesome Star Splash: Indoor Pool & Home Theater

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.3 mi

    Revenue $105,962ADR $499Occ ≈ 58%4.8★ (19)

    AirbnbVrbo

  • Near Dollywood/Indoor Pool/cozy and private

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.3 mi

    Revenue $85,767ADR $289Occ ≈ 81%4.7★ (96)

    AirbnbVrboBooking

  • Luxury Cabin with Views

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $55,121ADR $283Occ ≈ 53%5★ (7)

    AirbnbVrboBooking

  • Awesome Private Mountain Views Hot Tub Resort Pool

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $76,524ADR $223Occ ≈ 94%5★ (428)

    AirbnbVrbo

  • Luxury Mountain Views Resort Pool & PrivateHotTub!

    Cabin · 2 bd · 3 ba · sleeps 8 · 0.4 mi

    Revenue $76,888ADR $248Occ ≈ 85%5★ (344)

    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 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

Est. revenue

$75,069

NOI

$40,684

Cash flow /mo

-$981

Cash needed

$252,550

Cash-on-cash

-4.7%

ROE (yr 1)

6.8%

Cap rate

5.1%

DSCR

0.78

Year-1 write-off

$164,319

Year-1 tax shield @ 32%

$52,582

Year-1 return on equity

  • Cash flow (annual)-$11,767
  • Principal paydown$4,991
  • Appreciation at%$23,850
ROE6.8%

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)$15,014
  • Platform fees (3% of revenue)$2,252
  • Maintenance / capex (5% of revenue)$3,753
  • Utilities & supplies$4,200
  • HOA$1,620
  • Property tax$2,776
  • Insurance (STR-rated)$4,770

Cash needed to close

  • Down payment (25%)$198,750
  • Closing costs (4.0%)$31,800
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$52,582

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

$676,000

Short-life (5/15-yr)

$142,000 · 21%

Year-1 deduction

$164,000

Year-1 tax shield @ 32%

$53,000

Land 15% (market default, no usable tax-record split) · building $534,000 over 39 years · new furniture $22,000

Based on: 2,106 sq ft, built 2003, 2 bd / 3 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $104,000 in year 1 (12% short-life, $33,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$93,800
  • Kitchen cabinetsdefault

    $10,400 new × 40% good × 2.83 allocation

    $11,800
  • Kitchen countertopsdefault

    $8,500 new × 40% good × 2.83 allocation

    $9,600
  • Decorative trimdefault

    $3,700 new × 40% good × 2.83 allocation

    $4,200
  • Mirrorsdefault

    $500 new × 40% good × 2.83 allocation

    $500
  • Shelvingdefault

    $900 new × 40% good × 2.83 allocation

    $1,000
  • Window coverings (21)default

    $5,300 new × 40% good × 2.83 allocation

    $5,900
  • Kitchen & laundry equipment plumbingdefault

    $8,100 new × 54% good × 2.83 allocation

    $12,400
  • Kitchen, laundry & data equipment electricaldefault

    $4,900 new × 54% good × 2.83 allocation

    $7,500
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 2.83 allocation

    $8,700
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.83 allocation

    $10,200
  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$69,900
  • Paving: driveway & walks (paved)listing

    $9,500 new × 50% good × 2.83 allocation

    $13,500
  • Landscaping (typical)default

    $9,200 new × 50% good × 2.83 allocation

    $12,900
  • Patiosdefault

    $2,100 new × 50% good × 2.83 allocation

    $2,900
  • Decks & porches (attached)listing

    $23,700 new × 50% good × 2.83 allocation

    $33,500
  • Gazebo / pergolalisting

    $5,000 new × 50% good × 2.83 allocation

    $7,100
Building, 39-year$534,000
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $228,800 new × 62% good × 2.83 allocation

    $399,000
  • Building plumbing & fixturesdefault

    $23,700 new × 54% good × 2.83 allocation

    $36,200
  • Building electrical & lightingdefault

    $24,000 new × 54% good × 2.83 allocation

    $36,600
  • HVACdefault

    $23,700 new × 40% good × 2.83 allocation

    $26,800
  • Hardwood & tile floorsdefault

    $13,600 new × 40% good × 2.83 allocation

    $15,300
  • Fireplacelisting

    $2,600 new × 40% good × 2.83 allocation

    $3,000
  • Septic systemlisting

    $12,000 new × 50% good × 2.83 allocation

    $17,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$93,800$69,900$600$164,300
2$0$0$13,700$13,700
3$0$0$13,700$13,700
4$0$0$13,700$13,700
5$0$0$13,700$13,700
6+$0$0$478,700$478,700
Total$93,800$69,900$534,000$697,800

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.