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Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

216 Caton Rd

216 Caton Rd

Sevierville, TN 37862

$575,000

2 bd · 2 ba · 1,664 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2022

Sqft

1,664

Lot sqft

9,583

HOA / mo

$0

Furnished

No

List date

2026-10-03T15:59:19.000000Z

Revenue

Annual revenue

$45,735

ADR

$205

Occupancy

61%

Cleaning fees (12 mo)

$8,800

Confidence

Low (42.41), 50 comps

Comp revenue range (p25 / median / p75)

$18,568$35,719$55,468

Median revenue of shown comps: $35,403

  • "Sunshine Vista" 2 Bedroom Cabin

    House · 2 bd · 2 ba · sleeps 7 · 308 ft

    Revenue $16,815ADR $295Occ ≈ 16%—

    AirbnbVrbo

  • Smoky Retreat w/ Hot Tub, Games & Mountain Views

    Cabin · 2 bd · 2 ba · sleeps 6 · 341 ft

    Revenue $52,962ADR $221Occ ≈ 66%5★ (23)

    AirbnbVrboBooking

  • "Makin' Memories" 2 Bedroom Cabin

    House · 2 bd · 2 ba · sleeps 6 · 407 ft

    Revenue $27,714ADR $442Occ ≈ 17%—

    Airbnb

  • Makin' Memories Cabin Rental

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

    Revenue $197ADR $197Occ ≈ 0%—

    Vrbo

  • Discount Attraction Tickets! Cozy Cabin - Game Room • Hot Tub • Views

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

    Revenue $20,795ADR $240Occ ≈ 24%3★

    Vrbo

  • No Steep Roads & Dynamite location! 2 miles from Parkway & 5 miles to Dollywood.

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $51,665ADR $245Occ ≈ 58%4.9★ (266)

    Vrbo

  • Two Master Suites! Near Dollywood, Close to the pa

    House · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $41,829ADR $227Occ ≈ 50%4.2★ (23)

    AirbnbVrboBooking

  • 3 Mi to Dollywood: Hot Tub Hideaway in Smoky Mtns

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $56,656ADR $222Occ ≈ 70%4.8★ (239)

    AirbnbVrboBooking

  • Swept Away by American Patriot Getaways

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $60,820ADR $258Occ ≈ 65%—

    Booking

  • A Mountain Paradise | Hot Tub, Community Pool

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $50,504ADR $272Occ ≈ 51%4.2★ (79)

    AirbnbVrboBooking

Show 37 more
  • Hot Tub & Play Tent | Near Dollywood

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $4,580ADR $183Occ ≈ 7%5★ (3)

    Airbnb

  • Dollywood 3mi*Pkwy 1mi*Resort Pool*Hot tub*Arcades

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.4 mi

    Revenue $58,421ADR $293Occ ≈ 55%5★ (9)

    AirbnbVrbo

  • Book for Fall Now-Fireplace&Hot Tub-Arcade For Fun

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $24,166ADR $272Occ ≈ 24%5★ (16)

    AirbnbVrboBooking

  • "Poolside Cabin" 2 Bedroom Cabin

    House · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    Revenue $25,689ADR $231Occ ≈ 30%3★ (1)

    Airbnb

  • 3mi to DollyWood! PoolTable | Arcade | HotTub

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.5 mi

    Revenue $25,163ADR $185Occ ≈ 37%4.8★ (169)

    AirbnbVrbo

  • Fall Vacation Available!-Indoor Jacuzzi-w/Outdoor Hot Tub & Arcade Game

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $27,404ADR $298Occ ≈ 25%4.4★ (6)

    Vrbo

  • Hot Tub | Sleeps 8 • Game Rm • Pets Y • Dollywood!

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.5 mi

    Revenue $42,750ADR $245Occ ≈ 48%5★ (33)

    Airbnb

  • Pet-friendly, PrimeLocation,Hot Tub,Community Pool

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    Revenue $42,383ADR $174Occ ≈ 67%4.8★ (25)

    AirbnbVrbo

  • A Beary Nice Cabin by American Patriot Getaways

    Vacation home · 2 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $53,099ADR $310Occ ≈ 47%5★ (1)

    Booking

  • Game Room, Jacuzzi Tub & Smoky Mtn Views!

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.5 mi

    Revenue $64,209ADR $245Occ ≈ 72%4.8★ (134)

    AirbnbVrbo

  • 5 min from *Dollywood *PS4*Cinema Room* Hot Tub*

    House · 2 bd · 2.5 ba · sleeps 8 · 0.5 mi

    Revenue $89,165ADR $365Occ ≈ 67%4.5★ (31)

    AirbnbVrboBooking

  • Enchanted Forest Hideaway by Ghosal Luxury

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $83,486ADR $354Occ ≈ 65%4.9★ (43)

    AirbnbVrboBooking

  • Reflections, $560 FREE tickets each paid day

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.5 mi

    Revenue $59,041ADR $245Occ ≈ 66%4.8★ (64)

    AirbnbVrboBooking

  • Hot Tub Escape • Easy Roads • Near Everything!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $61,881ADR $218Occ ≈ 78%5★ (347)

    AirbnbVrbo

  • 2b2b Cozy Cabin-Walking distance to Parkway! 208

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.6 mi

    Revenue $49,758ADR $179Occ ≈ 76%4.3★ (325)

    AirbnbVrbo

  • Pigeon Forge Get Away Unit 1

    Apartment · 2 bd · 1 ba · sleeps 4 · 0.6 mi

    Revenue $8,940ADR $128Occ ≈ 19%4.7★ (227)

    Airbnb

  • Easy Roads! Pigeon Forge w/ Hot Tub & Recliners

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.6 mi

    Revenue $55,710ADR $171Occ ≈ 89%4.9★ (374)

    Airbnb

  • Bearcation cozy escape in the heart of Pigeon

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $17,826ADR $208Occ ≈ 23%4.5★ (7)

    AirbnbVrbo

  • Walk to Pigeon Forge Pkwy! Hot Tub Hideaway

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $59,770ADR $204Occ ≈ 80%4.5★ (67)

    AirbnbVrboBooking

  • Pigeon Forge Get Away Unit 3

    House · 2 bd · 2.5 ba · sleeps 6 · 0.6 mi

    Revenue $17,233ADR $161Occ ≈ 29%4.8★ (198)

    Airbnb

  • Cozy Smoky Mountain retreat in the heart of

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $17,662ADR $199Occ ≈ 24%4.3★ (7)

    AirbnbVrbo

  • No Mountain Roads! Pigeon Forge Amazing Location!

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.6 mi

    Revenue $56,958ADR $175Occ ≈ 89%5★ (225)

    Airbnb

  • Bears Lair - Unit 1405 - Mountain View Condos

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $29,321ADR $158Occ ≈ 51%4.3★ (137)

    AirbnbVrboBooking

  • Majestic Bear Retreat, WIFI,Free Attraction ticket

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $17,332ADR $225Occ ≈ 21%4.4★ (5)

    Airbnb

  • Majestic Bear Retreat

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $11,046ADR $276Occ ≈ 11%—

    Airbnb

  • Mountain Breeze 2-Unit 5606 - Mountain View Condos

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $36,035ADR $165Occ ≈ 60%4.8★ (65)

    AirbnbVrboBooking

  • Wow! -Pool · Hot Tub · Cozy Cabin Near Dollywood

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.6 mi

    Revenue $61,812ADR $218Occ ≈ 78%4.8★ (75)

    AirbnbVrbo

  • Pigeon Forge Vacation Rental w/ Private Hot Tub!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $35,403ADR $181Occ ≈ 54%5★ (1)

    Airbnb

  • Pigeon Forge Vacation Rental w/ Private Hot Tub!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $39,178ADR $208Occ ≈ 52%4.5★ (26)

    AirbnbVrbo

  • Log Cabin, for 6, Hot Tub, Pool Access, Near Parkw

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $28,112ADR $190Occ ≈ 41%4.5★ (21)

    AirbnbVrboBooking

  • No mountain roads. Quiet. PF Cabin off main drag

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $51,464ADR $174Occ ≈ 81%4.9★ (309)

    AirbnbVrbo

  • Adorable log cabin with front-back deck and hot tu

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $31,440ADR $187Occ ≈ 46%4.2★ (12)

    AirbnbVrboBooking

  • Cabin w/ Free Attraction Tickets, steps to Parkway

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $16,070ADR $193Occ ≈ 23%4.1★ (36)

    AirbnbVrboBooking

  • Mountain View Condos-Unit 5402

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $736ADR $147Occ ≈ 1%—

    AirbnbBooking

  • Unit 5204 - Mountain View Condos

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $22,158ADR $158Occ ≈ 38%4★ (120)

    AirbnbVrboBooking

  • River Overlook | River View Condo Near Dollywood

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.7 mi

    Revenue $34,137ADR $192Occ ≈ 49%4.9★ (103)

    AirbnbVrbo

  • Mountain View Condos-Unit 5206 - Sweet Adventure

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $3,669ADR $159Occ ≈ 6%2.2★ (2)

    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

Financing
Management
Term

Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

Est. revenue

$45,735

NOI

$22,738

Cash flow /mo

-$1,279

Cash needed

$188,750

Cash-on-cash

-8.1%

ROE (yr 1)

2.9%

Cap rate

4.0%

DSCR

0.60

Year-1 write-off

$154,420

Year-1 tax shield @ 32%

$49,415

Year-1 return on equity

  • Cash flow (annual)-$15,342
  • Principal paydown$3,581
  • Appreciation at%$17,250
ROE2.9%

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)$9,147
  • Platform fees (3% of revenue)$1,372
  • Maintenance / capex (5% of revenue)$2,287
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$2,541
  • Insurance (STR-rated)$3,450

Cash needed to close

  • Down payment (25%)$143,750
  • Closing costs (4.0%)$23,000
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$49,415

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

$497,000

Short-life (5/15-yr)

$132,000 · 27%

Year-1 deduction

$154,000

Year-1 tax shield @ 32%

$49,000

Land 14% (county tax record, market value split) · building $364,000 over 39 years · new furniture $22,000

Based on: 1,664 sq ft, built 2022, 2 bd / 2 ba, unfurnished, listing features (hot tub, deck, fence, game room, fireplace, stone counters).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $99,000 in year 1 (15% short-life, $32,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$97,300
  • Kitchen cabinetsdefault

    $9,400 new × 84% good × 1.62 allocation

    $12,800
  • Kitchen countertops (stone)listing

    $9,700 new × 84% good × 1.62 allocation

    $13,100
  • Decorative trimdefault

    $2,900 new × 84% good × 1.62 allocation

    $4,000
  • Mirrorsdefault

    $300 new × 67% good × 1.62 allocation

    $300
  • Shelvingdefault

    $900 new × 84% good × 1.62 allocation

    $1,200
  • Window coverings (17)default

    $4,300 new × 60% good × 1.62 allocation

    $4,100
  • Carpet, vinyl & laminate (40% of floors)default

    $4,300 new × 67% good × 1.62 allocation

    $4,600
  • Kitchen & laundry equipment plumbingdefault

    $7,400 new × 92% good × 1.62 allocation

    $10,900
  • Kitchen, laundry & data equipment electricaldefault

    $4,400 new × 92% good × 1.62 allocation

    $6,600
  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default

    $8,100 new × 67% good × 1.62 allocation

    $8,700
  • Hot tub (freestanding)listing

    $9,000 new × 60% good × 1.62 allocation

    $8,700
  • 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$56,800
  • Paving: driveway & walks (paved)default

    $8,500 new × 84% good × 1.62 allocation

    $11,500
  • Landscaping (typical)default

    $8,100 new × 84% good × 1.62 allocation

    $11,100
  • Patiosdefault

    $1,600 new × 84% good × 1.62 allocation

    $2,200
  • Decks & porches (attached)listing

    $18,700 new × 80% good × 1.62 allocation

    $24,200
  • Fencinglisting

    $6,000 new × 80% good × 1.62 allocation

    $7,800
Building, 39-year$364,500
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $180,600 new × 93% good × 1.62 allocation

    $272,700
  • Building plumbing & fixturesdefault

    $18,700 new × 92% good × 1.62 allocation

    $27,800
  • Building electrical & lightingdefault

    $18,400 new × 92% good × 1.62 allocation

    $27,300
  • HVACdefault

    $18,700 new × 80% good × 1.62 allocation

    $24,300
  • Hardwood & tile floorsdefault

    $6,400 new × 84% good × 1.62 allocation

    $8,700
  • Fireplacelisting

    $2,600 new × 84% good × 1.62 allocation

    $3,600

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$97,300$56,800$400$154,400
2$0$0$9,300$9,300
3$0$0$9,300$9,300
4$0$0$9,300$9,300
5$0$0$9,300$9,300
6+$0$0$326,700$326,700
Total$97,300$56,800$364,500$518,500

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.