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

1864 Blue Tick Way

1864 Blue Tick Way

Sevierville, TN 37876

$549,900

2 bd · 2 ba · 1,560 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2023

Sqft

1,560

Lot sqft

17,424

HOA / mo

None

Furnished

No

List date

2026-09-29T17:01:14.000000Z

Revenue

Annual revenue

$53,702

ADR

$233

Occupancy

63%

Cleaning fees (12 mo)

$9,185

Confidence

Med (53.87), 49 comps

Comp revenue range (p25 / median / p75)

$31,201$54,553$61,611
  • Smoky Top Cabin

    Cabin · 2 bd · 2 ba · sleeps 8 · 43 ft

    Revenue $40,963ADR $528Occ ≈ 21%4★ (3)

    AirbnbVrboBooking

  • Moonlight Ridge | Near Pigeon Forge and Gatlinburg

    Cabin · 2 bd · 2 ba · sleeps 4 · 75 ft

    Revenue $10,270ADR $248Occ ≈ 11%4.8★ (5)

    AirbnbVrboBooking

  • **Panoramic Views** *7 Minutes to Dollywood & Parkway * Best of the Best!

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 105 ft

    Revenue $65,972ADR $275Occ ≈ 66%4.9★ (350)

    Vrbo

  • Peaceful Mtn Views*Theater*Games*Hot Tub*Firepit!

    Cabin · 2 bd · 2 ba · sleeps 8 · 121 ft

    Revenue $16,358ADR $297Occ ≈ 15%3.4★ (3)

    Airbnb

  • Moonlight Ridge

    Cabin · 2 bd · 2 ba · sleeps 8 · 151 ft

    Revenue $21,897ADR $179Occ ≈ 34%3.6★ (3)

    AirbnbVrboBooking

  • Smoky Top | Near Pigeon Forge+Gburg | King Suites

    Cabin · 2 bd · 2 ba · sleeps 4 · 151 ft

    Revenue $14,156ADR $216Occ ≈ 18%4.7★ (7)

    AirbnbVrboBooking

  • Amazing Smoky Views

    Cabin · 2 bd · 2.5 ba · sleeps 7 · 210 ft

    Revenue $59,879ADR $251Occ ≈ 65%4.8★ (158)

    AirbnbVrboBooking

  • Blue Tick Cabin: Luxury in Sevierville

    Cabin · 2 bd · 2 ba · sleeps 6 · 279 ft

    Revenue $5,175ADR $293Occ ≈ 5%5★ (36)

    Airbnb

  • Smoky Mountain Cabin w/ Hot Tub, Theater & Games

    Cabin · 2 bd · 2 ba · sleeps 8 · 282 ft

    Revenue $61,611ADR $255Occ ≈ 66%4.9★ (31)

    AirbnbVrboBooking

  • Dollywood, New patio set up, kids area

    Cabin · 2 bd · 2 ba · sleeps 9 · 400 ft

    Revenue $45,655ADR $331Occ ≈ 38%5★ (108)

    AirbnbVrbo

Show all 49 comps
  • New Cabin • Dollywood• Views • Hot Tub • Arcade

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 410 ft

    Revenue $73,273ADR $252Occ ≈ 80%5★ (88)

    AirbnbVrboBooking

  • A+ Location! Kid friendly luxury. 2 kings. Hot tub

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 459 ft

    Revenue $53,304ADR $332Occ ≈ 44%5★ (99)

    AirbnbVrbo

  • Newly Built Mtn View Home, Sleeps 8・Hot Tub・Games

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

    Revenue $34,770ADR $226Occ ≈ 42%4.5★ (21)

    AirbnbVrboBooking

  • Smoky Top by Avada Properties

    Vacation home · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $31,201ADR $162Occ ≈ 53%—

    Booking

  • A Smoky Mountain Dream: Home Theater & Game Room

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.1 mi

    Revenue $87,615ADR $338Occ ≈ 71%4.5★ (7)

    AirbnbVrbo

  • 3.4 mi to Pigeon Forge |Hot Tub|Fire Pit |Mtn View

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

    Revenue $28,147ADR $599Occ ≈ 13%5★ (208)

    Airbnb

  • Free Dollywood Tickets/DogFriendly/Secluded

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

    Revenue $58,141ADR $288Occ ≈ 55%4.7★ (38)

    AirbnbVrbo

  • Gorgeous 2BD Cabin w/ Fireplace +HOT TUB +Arcade

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

    Revenue $49,249ADR $227Occ ≈ 59%4.8★ (143)

    AirbnbVrbo

  • SmokyRidge: StunningMountainView*HotTub*FirePit*2B

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

    Revenue $56,178ADR $314Occ ≈ 49%5★ (5)

    Airbnb

  • Luxury cabin with breath taking View, minutes from Dollywood!

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.1 mi

    Revenue $23,413ADR $221Occ ≈ 29%4.8★ (299)

    Vrbo

  • 2BR mountain-view chalet with hot tub & large deck

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

    Revenue $25,133ADR $209Occ ≈ 33%4.5★ (105)

    AirbnbVrboBooking

  • Relaxing 2BD Cabin w/ VIEWS! Arcade & HOT TUB!

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

    Revenue $48,297ADR $228Occ ≈ 58%4.7★ (136)

    AirbnbVrbo

  • Modern! Near Dollywood! FirePit! HotTub! Mtn View!

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

    Revenue $68,812ADR $284Occ ≈ 66%4.9★ (95)

    AirbnbVrbo

  • Smokin` View, great view, great location

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

    Revenue $33,092ADR $177Occ ≈ 51%4.3★ (114)

    AirbnbVrbo

  • September specials Spectacular View Pet Friendly

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

    Revenue $112,580ADR $428Occ ≈ 72%5★ (91)

    AirbnbVrboBooking

  • Pigeon Forge Panorama*Incredible Mountain Views

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.2 mi

    Revenue $79,187ADR $324Occ ≈ 67%5★ (1)

    AirbnbVrbo

  • Almost Heaven | Mountain Views | Pet Friendly

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $59,389ADR $305Occ ≈ 53%4.5★ (13)

    AirbnbVrbo

  • "Eagle's Crest" 2 Bedroom Cabin

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

    Revenue $18,771ADR $446Occ ≈ 12%—

    Airbnb

  • Near Dollywood! Gazebo! Private Mountain Top Views

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

    Revenue $60,867ADR $233Occ ≈ 72%5★ (64)

    Airbnb

  • Timber Ridge Views pool cabin

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.2 mi

    Revenue $77,792ADR $303Occ ≈ 70%4.8★ (37)

    AirbnbVrboBooking

  • Summer Deals! Hot Tub! Close to Dollywood!

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $50,060ADR $213Occ ≈ 64%4.9★ (132)

    AirbnbVrbo

  • 5 min to Dollywood | Private Modern Cabin for 8

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

    Revenue $23,547ADR $234Occ ≈ 28%5★ (41)

    Airbnb

  • Ladybug Resort Romantic Cabin with Mountain Views

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $58,230ADR $201Occ ≈ 79%4.8★ (596)

    AirbnbVrboBooking

  • 180° Mountain Views! Near Pigeon Forge & Dollywood

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

    Revenue $81,136ADR $250Occ ≈ 89%4.9★ (251)

    AirbnbVrbo

  • TN Bear Den - Cozy vibes and a hot tub!

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

    Revenue $56,406ADR $260Occ ≈ 59%4.6★ (35)

    AirbnbVrboBooking

  • Abide With Me: Semi-Secluded, 3 Decks & Game Room

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.2 mi

    Revenue $49,696ADR $263Occ ≈ 52%4.5★ (9)

    AirbnbVrbo

  • Over the Top - Breathtaking Mountain Views

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

    Revenue $66,963ADR $257Occ ≈ 71%4.8★ (68)

    AirbnbVrboBooking

  • Breathtaking Views~Truly Unique!

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.3 mi

    Revenue $21,231ADR $264Occ ≈ 22%5★ (370)

    AirbnbVrboBooking

  • Heaven's Garden: Views, Hot Tub, Great Location

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

    Revenue $67,283ADR $279Occ ≈ 66%4.5★ (17)

    AirbnbVrbo

  • *VIEWS*Private HOT TUB! Mins to PF and Gatlinburg

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

    Revenue $46,626ADR $197Occ ≈ 65%5★ (243)

    AirbnbVrbo

  • Private cabin near Dollywood

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

    Revenue $22,477ADR $217Occ ≈ 28%4.9★ (34)

    Airbnb

  • A Spectacular View! *HotTub*Games*Pool*Dollywood

    Cabin · 2 bd · 2 ba · sleeps 10 · 0.3 mi

    Revenue $73,953ADR $365Occ ≈ 56%5★ (33)

    AirbnbVrbo

  • Modern Luxe Cabin w/ Views, Games & Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 9 · 0.3 mi

    Revenue $94,463ADR $385Occ ≈ 67%4★ (1)

    AirbnbVrbo

  • A Spectacular View! *HotTub*Games*Pool*Dollywood

    Cabin · 2 bd · 2 ba · sleeps 10 · 0.3 mi

    Revenue $59,931ADR $296Occ ≈ 55%5★ (45)

    AirbnbVrbo

  • Summer Deals/Amazing Views/Dollywood/Pet Friendly

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

    Revenue $55,615ADR $320Occ ≈ 48%4.8★ (110)

    AirbnbVrbo

  • Bear Hug Retreat

    Cabin · 2 bd · 2 ba · sleeps 10 · 0.3 mi

    Revenue $54,553ADR $246Occ ≈ 61%4.8★ (111)

    AirbnbVrbo

  • Home Sweet Home

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

    Revenue $52,600ADR $245Occ ≈ 59%5★ (89)

    AirbnbVrbo

  • Smoky Nights close to the Pigeon Forge Parkway!

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

    Revenue $56,711ADR $238Occ ≈ 65%4.8★ (109)

    AirbnbVrboBooking

  • Views for Miles! Hottub,Gameroom,WiFi,resort Pool

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

    Revenue $61,517ADR $245Occ ≈ 69%4.8★ (311)

    Airbnb

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

$53,702

NOI

$28,983

Cash flow /mo

-$548

Cash needed

$175,471

Cash-on-cash

-3.7%

ROE (yr 1)

7.7%

Cap rate

5.3%

DSCR

0.82

Year-1 write-off

$133,375

Year-1 tax shield @ 32%

$42,680

Year-1 return on equity

  • Cash flow (annual)-$6,576
  • Principal paydown$3,598
  • Appreciation at%$16,497
ROE7.7%

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)$10,740
  • Platform fees (3% of revenue)$1,611
  • Maintenance / capex (5% of revenue)$2,685
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$2,183
  • Insurance (STR-rated)$3,299

Cash needed to close

  • Down payment (25%)$137,475
  • Closing costs (4.0%)$21,996
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$42,680

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

$509,000

Short-life (5/15-yr)

$116,000 · 23%

Year-1 deduction

$133,000

Year-1 tax shield @ 32%

$43,000

Land 7% (county tax record, market value split) · building $393,000 over 39 years · new furniture $16,000

Based on: 1,560 sq ft, built 2023, 2 bd / 2 ba, unfurnished, listing features (deck, fireplace, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $77,000 in year 1 (12% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$80,200
  • Kitchen cabinetsdefault

    $9,200 new × 88% good × 1.71 allocation

    $13,900
  • Kitchen countertopsdefault

    $7,500 new × 88% good × 1.71 allocation

    $11,300
  • Decorative trimdefault

    $2,700 new × 88% good × 1.71 allocation

    $4,100
  • Mirrorsdefault

    $300 new × 75% good × 1.71 allocation

    $400
  • Shelvingdefault

    $900 new × 88% good × 1.71 allocation

    $1,400
  • Window coverings (16)default

    $4,000 new × 70% good × 1.71 allocation

    $4,800
  • Kitchen & laundry equipment plumbingdefault

    $7,200 new × 94% good × 1.71 allocation

    $11,500
  • Kitchen, laundry & data equipment electricaldefault

    $4,300 new × 94% good × 1.71 allocation

    $7,000
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 75% good × 1.71 allocation

    $9,900
  • Furniture bought newlisting

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

    $16,000
15-year land improvements$51,900
  • Paving: driveway & walks (paved)default

    $8,200 new × 88% good × 1.71 allocation

    $12,300
  • Landscaping (typical)default

    $7,900 new × 88% good × 1.71 allocation

    $11,800
  • Patiosdefault

    $1,500 new × 88% good × 1.71 allocation

    $2,300
  • Decks & porches (attached)listing

    $17,600 new × 85% good × 1.71 allocation

    $25,500
Building, 39-year$392,800
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $169,300 new × 95% good × 1.71 allocation

    $274,700
  • Building plumbing & fixturesdefault

    $17,500 new × 94% good × 1.71 allocation

    $28,100
  • Building electrical & lightingdefault

    $17,000 new × 94% good × 1.71 allocation

    $27,400
  • HVACdefault

    $17,600 new × 85% good × 1.71 allocation

    $25,500
  • Hardwood & tile floorsdefault

    $10,000 new × 88% good × 1.71 allocation

    $15,100
  • Fireplacelisting

    $2,600 new × 88% good × 1.71 allocation

    $4,000
  • Septic systemlisting

    $12,000 new × 88% good × 1.71 allocation

    $18,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$80,200$51,900$1,300$133,400
2$0$0$10,100$10,100
3$0$0$10,100$10,100
4$0$0$10,100$10,100
5$0$0$10,100$10,100
6+$0$0$351,200$351,200
Total$80,200$51,900$392,800$524,900

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.