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

3004 Crestview Ct

3004 Crestview Ct

Sevierville, TN 37862

$1,025,000

4 bd · 3.5 ba · 2,605 sqft · Listed 1d ago

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

Year built

2026

Sqft

2,605

Lot sqft

20,909

HOA / mo

$0

Furnished

No

List date

2026-09-28T21:34:05.000000Z

Revenue

Annual revenue

$80,127

ADR

$355

Occupancy

62%

Cleaning fees (12 mo)

$13,746

Confidence

Med (58.1), 27 comps

Comp revenue range (p25 / median / p75)

$50,154$70,862$91,292
  • Top 1% 5 Star 4BR 3Kng Sleep12 FirePit HotTub GmRm

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.1 mi

    Revenue $98,639ADR $421Occ ≈ 64%5★ (75)

    AirbnbVrbo

  • Mtn View Cabin: 85" Theater + Hot Tub + Game Rm

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

    Revenue $103,425ADR $452Occ ≈ 63%5★ (1)

    AirbnbVrboBooking

  • 5 min PF Parkway, Cedar Hot Tub, Game Room, Pets

    Cabin · 4 bd · 4 ba · sleeps 16 · 0.2 mi

    Revenue $70,862ADR $409Occ ≈ 47%5★ (33)

    AirbnbVrboBooking

  • Family Friendly Fun!*FirePit*Swingset*Hottub*

    House · 4 bd · 3 ba · sleeps 10 · 0.2 mi

    Revenue $50,724ADR $338Occ ≈ 41%4.7★ (60)

    AirbnbVrboBooking

  • 5min PF Parkway, Theater, Hot Tub, Game Room, View

    Cabin · 4 bd · 3.5 ba · sleeps 12 · 0.2 mi

    Revenue $106,523ADR $423Occ ≈ 69%4.8★ (194)

    AirbnbVrbo

  • !BEST LOCATION! RESERVE NOW FOR SPRING BREAK AND SUMMER! BEARFOOT CORNER CABIN!

    Cabin · 4 bd · 4 ba · sleeps 16 · 0.3 mi

    Revenue $82,238ADR $435Occ ≈ 52%5★ (333)

    Vrbo

  • 4BR 3.5BA 2 MI to Parkway Mtn Views Pool Table

    Cabin · 4 bd · 3.5 ba · sleeps 14 · 0.3 mi

    Revenue $76,520ADR $429Occ ≈ 49%4.7★ (26)

    AirbnbVrboBooking

  • 4bd 3.5bth 2 MI to Parkway Mtn Views -Theatre Room

    Cabin · 4 bd · 3.5 ba · sleeps 12 · 0.3 mi

    Revenue $102,569ADR $423Occ ≈ 66%4.5★ (29)

    AirbnbVrboBooking

  • Precious Moments - A Splendid Mountain Retreat

    Cabin · 4 bd · 4 ba · sleeps 10 · 0.3 mi

    Revenue $72,690ADR $306Occ ≈ 65%4.7★ (265)

    AirbnbVrbo

  • Tennessee Treasure by American Patriot Getaways

    Vacation home · 4 bd · 3 ba · sleeps 8 · 0.4 mi

    Revenue $74,482ADR $358Occ ≈ 57%—

    Booking

Show all 27 comps
  • 4 bedroom loft Sleeps 16 just 2 miles from Downtown Pigeon Forge Theatre System and More

    Cabin · 4 bd · 4 ba · sleeps 16 · 0.4 mi

    Revenue $88,548ADR $455Occ ≈ 53%4.6★ (36)

    VrboBooking

  • Private Paradise | Hot Tub• Fireplace• View

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.4 mi

    Revenue $54,135ADR $288Occ ≈ 51%5★ (31)

    Airbnb

  • Mountain Majesty Views Hot Tub Games Theater

    Vacation home · 4 bd · 3 ba · sleeps 10 · 0.4 mi

    Revenue $38,403ADR $274Occ ≈ 38%—

    Booking

  • Gorg Mtn View~3 mi to Pigeon Frg Pkwy~4 BR~4 Baths

    Cabin · 4 bd · 4 ba · sleeps 10 · 0.4 mi

    Revenue $70,085ADR $348Occ ≈ 55%5★ (61)

    AirbnbVrbo

  • Rustic 4BR Mountainview | Hot Tub | Fireplace

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.4 mi

    Revenue $47,954ADR $304Occ ≈ 43%4.1★ (167)

    AirbnbVrboBooking

  • Rustic Log Cabin, Sleep 10・Hot Tub・Panoramic Views

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.4 mi

    Revenue $38,205ADR $309Occ ≈ 34%4.5★ (2)

    AirbnbVrboBooking

  • 🏔️ Rendez-View | 4BR Mountain Escape | Theater, Game Room & Hot Tub | Sleeps 12

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

    Revenue $2,694ADR $179Occ ≈ 4%—

    Vrbo

  • PF Cabin with Hot Tub, Game Room & King Beds

    Cabin · 4 bd · 3 ba · sleeps 10 · 0.5 mi

    Revenue $89,973ADR $299Occ ≈ 82%4.8★ (142)

    AirbnbVrbo

  • Rendez-View | Theater, Game Room, Hot Tub

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.5 mi

    Revenue $16,332ADR $379Occ ≈ 12%4.7★ (3)

    Airbnb

  • Pigeon Forge - ZERO Stairs - Sleeps 10

    Cabin · 4 bd · 2.5 ba · sleeps 10 · 0.5 mi

    Revenue $49,583ADR $320Occ ≈ 42%4.2★ (8)

    AirbnbVrbo

  • PF Chill: 5 mts to Parkway, Mtn views, 4BR/2.5 BA

    House · 4 bd · 2.5 ba · sleeps 12 · 0.5 mi

    Revenue $28,514ADR $264Occ ≈ 30%5★ (7)

    AirbnbVrbo

  • Pigeon Forge - Easy Access Roads - Game Room

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.5 mi

    Revenue $55,938ADR $367Occ ≈ 42%5★ (1)

    AirbnbVrbo

  • 3 Baths- Firepit, Fast Wi-Fi, Games, Hot Tub

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.5 mi

    Revenue $95,730ADR $340Occ ≈ 77%5★ (303)

    AirbnbVrbo

  • Luxury 4BR • Prime Location, Firepit, Theater, EVC

    Cabin · 4 bd · 4.5 ba · sleeps 10 · 0.6 mi

    Revenue $119,681ADR $499Occ ≈ 66%5★ (141)

    AirbnbVrboBooking

  • Smoky Mtn Cabin | Arcade+Hot Tub | Sleeps Up to 12

    Cabin · 4 bd · 3 ba · sleeps 12 · 0.7 mi

    Revenue $68,897ADR $338Occ ≈ 56%4.8★ (91)

    AirbnbVrbo

  • Relax & Unwind w/ Hot Tub & Games

    Cabin · 4 bd · 3 ba · sleeps 8 · 0.7 mi

    Revenue $69,125ADR $372Occ ≈ 51%3.9★ (7)

    AirbnbVrbo

  • S'moresLodge/Theatre/Sauna/GameRm/Firepit/Close2PF

    House · 4 bd · 3.5 ba · sleeps 13 · 0.7 mi

    Revenue $92,611ADR $411Occ ≈ 62%5★ (232)

    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
Term

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

Est. revenue

$80,127

NOI

$47,237

Cash flow /mo

-$1,587

Cash needed

$326,250

Cash-on-cash

-5.8%

ROE (yr 1)

5.6%

Cap rate

4.6%

DSCR

0.71

Year-1 write-off

$216,177

Year-1 tax shield @ 32%

$69,177

Year-1 return on equity

  • Cash flow (annual)-$19,043
  • Principal paydown$6,707
  • Appreciation at%$30,750
ROE5.6%
ROE incl. year-1 tax savings (32% bracket, STR loophole)26.8%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$16,025
  • Platform fees (3% of revenue)$2,404
  • Maintenance / capex (5% of revenue)$4,006
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$104
  • Insurance (STR-rated)$6,150

Cash needed to close

  • Down payment (25%)$256,250
  • Closing costs (4.0%)$41,000
  • Furnishing (bought new)$29,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$69,177

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

$871,000

Short-life (5/15-yr)

$185,000 · 21%

Year-1 deduction

$216,000

Year-1 tax shield @ 32%

$69,000

Land 15% (market default, no usable tax-record split) · building $686,000 over 39 years · new furniture $29,000

Based on: 2,605 sq ft, built 2026, 4 bd / 3.5 ba, unfurnished, listing features (deck, game room, fireplace, flooring types, appliance list, septic).

IRS-guide safe-harbor floor: $120,000 in year 1 (10% short-life, $38,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$124,400
  • Kitchen cabinetsdefault

    $11,500 new × 100% good × 1.70 allocation

    $19,600
  • Kitchen countertopsdefault

    $9,400 new × 100% good × 1.70 allocation

    $16,000
  • Decorative trimdefault

    $4,600 new × 100% good × 1.70 allocation

    $7,800
  • Mirrorsdefault

    $500 new × 100% good × 1.70 allocation

    $800
  • Shelvingdefault

    $1,500 new × 100% good × 1.70 allocation

    $2,600
  • Window coverings (26)default

    $6,500 new × 100% good × 1.70 allocation

    $11,100
  • Kitchen & laundry equipment plumbingdefault

    $9,000 new × 100% good × 1.70 allocation

    $15,200
  • Kitchen, laundry & data equipment electricaldefault

    $5,400 new × 100% good × 1.70 allocation

    $9,200
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 100% good × 1.70 allocation

    $13,100
  • Furniture bought newlisting

    $23,000 new × 100% good · bought separately

    $23,000
  • Game-room equipment bought newlisting

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

    $6,000
15-year land improvements$89,600
  • Paving: driveway & walks (paved)default

    $10,600 new × 100% good × 1.70 allocation

    $18,000
  • Landscaping (typical)default

    $10,200 new × 100% good × 1.70 allocation

    $17,300
  • Patiosdefault

    $2,600 new × 100% good × 1.70 allocation

    $4,400
  • Decks & porches (attached)listing

    $29,300 new × 100% good × 1.70 allocation

    $49,900
Building, 39-year$686,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $282,700 new × 100% good × 1.70 allocation

    $481,300
  • Building plumbing & fixturesdefault

    $29,400 new × 100% good × 1.70 allocation

    $50,000
  • Building electrical & lightingdefault

    $30,300 new × 100% good × 1.70 allocation

    $51,600
  • HVACdefault

    $29,300 new × 100% good × 1.70 allocation

    $50,000
  • Hardwood & tile floorsdefault

    $16,800 new × 100% good × 1.70 allocation

    $28,500
  • Fireplacelisting

    $2,600 new × 100% good × 1.70 allocation

    $4,500
  • Septic systemlisting

    $12,000 new × 100% good × 1.70 allocation

    $20,400

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$124,400$89,600$2,200$216,200
2$0$0$17,600$17,600
3$0$0$17,600$17,600
4$0$0$17,600$17,600
5$0$0$17,600$17,600
6+$0$0$613,700$613,700
Total$124,400$89,600$686,300$900,200

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.