3106 Cove Ridge Way
Sevierville, TN 37862
$645,000
2 bd · 2 ba · 920 sqft · Listed 8d ago
View on Realtor.com →Year built
2023
Sqft
920
Lot sqft
27,878
HOA / mo
$0
Furnished
No
List date
2026-11-04T17:43:57.000000Z
Revenue
Annual revenue
$58,874
ADR
$260
Occupancy
62%
Cleaning fees (12 mo)
$10,820
Confidence
Med (57.8), 41 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $52,720
Romantic, Quiet & Stylish ~ Hot Tub ~ Creek ~ BBQ!
Cabin · 2 bd · 2 ba · sleeps 4 · 476 ft
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $72,270ADR $228Occ ≈ 87%4.8★ (210)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Modern Smokies Cabin · Hot Tub · 5 min to NP Cabin
| 2 bd · 2 ba · sleeps 6 | $56,159 | $300 | 51% | 4.8★ (143) | 26 ft | AirbnbVrboBooking |
Romantic, Quiet & Stylish ~ Hot Tub ~ Creek ~ BBQ! Cabin
| 2 bd · 2 ba · sleeps 4 | $72,270 | $228 | 87% | 4.8★ (210) | 476 ft | Airbnb |
Secluded Wood Fireplace View Hot Tub Early CheckIn Cabin
| 2 bd · 2 ba · sleeps 6 | $61,859 | $281 | 60% | 4.9★ (380) | 0.1 mi | AirbnbVrboBooking |
Altitude Adjustment -Great Views*Firepit*Hot tub Cabin
| 2 bd · 2 ba · sleeps 6 | $51,895 | $245 | 58% | 4.2★ (11) | 0.1 mi | AirbnbVrbo |
Creekside 2BR cabin with hot tub Cabin
| 2 bd · 2 ba · sleeps 4 | $13,010 | $264 | 14% | — | 0.1 mi | AirbnbVrbo |
Private Indoor Pool! Sauna-Hot Tub-Amazing Views! Cabin
| 2 bd · 3 ba · sleeps 8 | $105,112 | $401 | 72% | 5★ (329) | 0.1 mi | AirbnbVrbo |
Creek Song House | 2 bd · 2 ba · sleeps 4 | $12,390 | $237 | 14% | 4.3★ (129) | 0.2 mi | AirbnbBooking |
Awestruck: Free Attraction Tickets & Hot Tub Cabin | 2 bd · 2 ba · sleeps 5 | $53,466 | $213 | 69% | 4.8★ (179) | 0.2 mi | AirbnbBooking |
Up The Creek Cabin w/ waterfall and hot tub Cabin
| 2 bd · 2 ba · sleeps 6 | $79,527 | $281 | 78% | 4.9★ (135) | 0.2 mi | AirbnbVrboBooking |
Above Awe - 2BR/2.5BA Awesome View of Wears Valley Cabin
| 2 bd · 2.5 ba · sleeps 6 | $77,539 | $300 | 71% | 5★ (6) | 0.2 mi | AirbnbVrboBooking |
Show 32 more
Graceful Awestruck Perfect Mountain Views with Pool Access
Cabin · 2 bd · 2 ba · sleeps 5 · 0.2 mi
Revenue $51,974ADR $260Occ ≈ 55%—
Delisted
Scenic Mountain View by American Patriot Getaways
Vacation home · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $78,931ADR $292Occ ≈ 74%—
Best Couples Cabin in the Smokies - Check Reviews
Cabin · 2 bd · 2 ba · sleeps 4 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +5
Revenue $115,958ADR $366Occ ≈ 87%5★ (200)
Lawson Lodge- VOLS game HQ-Best of Both Worlds
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +5
Revenue $41,805ADR $231Occ ≈ 50%4.8★ (259)
Awestruck} Perfect Mountain Views \ Hot Tub \ Fireplace \ Pool Access
House · 2 bd · 2 ba · sleeps 5 · 0.2 mi
Revenue $30,163ADR $2,606Occ ≈ 3%—
Secluded Nature Cabin with Pool Table, Spa and Fireplace in Sevierville, Tennessee
Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $23,520ADR $575Occ ≈ 11%—
#3685 Brookside
Chalet · 2 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $68,251ADR $236Occ ≈ 79%4.8★ (2)
Arrowhead, Free Tickets, No catch!
Chalet · 2 bd · 1 ba · sleeps 4 · 0.5 mi
Revenue $30,925ADR $202Occ ≈ 42%—
Flyin' Free Teepee, Free Tickets, No catch!
Chalet · 2 bd · 1 ba · sleeps 4 · 0.5 mi
Revenue $25,188ADR $198Occ ≈ 35%2.5★ (1)
Affordable/Weekend/Week Getaway Hot Tub Internet Pet Friendly Fenced in Yard
Cabin · 2 bd · 3 ba · sleeps 6 · 0.5 mi
Revenue $36,803ADR $227Occ ≈ 44%4.2★ (5)
Two bedroom, two bathroom cottage with beautiful m
Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $49,006ADR $231Occ ≈ 58%4.7★ (90)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Above Awe Cabin | 2 bd · 2 ba · sleeps 5 | $49,165 | $373 | 36% | 4.9★ (91) | 0.2 mi | Airbnb |
Big Bear Bridge Retreat: Creek & Wooded Views Cabin
| 2 bd · 2 ba · sleeps 6 | $45,286 | $264 | 47% | 4.4★ (5) | 0.2 mi | AirbnbVrbo |
Graceful Awestruck Perfect Mountain Views with Pool Access Cabin | 2 bd · 2 ba · sleeps 5 | $51,974 | $260 | 55% | — | 0.2 mi | Delisted |
Panoramic Smoky Mt Getaway Cabin/Hot tub/Games Cabin
| 2 bd · 2 ba · sleeps 6 | $74,548 | $295 | 69% | 5★ (51) | 0.2 mi | AirbnbVrbo |
Scenic Mountain View by American Patriot Getaways Vacation home | 2 bd · 2 ba · sleeps 6 | $78,931 | $292 | 74% | — | 0.2 mi | Booking |
Best Couples Cabin in the Smokies - Check Reviews Cabin
| 2 bd · 2 ba · sleeps 4 | $115,958 | $366 | 87% | 5★ (200) | 0.2 mi | Airbnb |
Lawson Lodge- VOLS game HQ-Best of Both Worlds Cabin
| 2 bd · 2 ba · sleeps 6 | $41,805 | $231 | 50% | 4.8★ (259) | 0.2 mi | Airbnb |
Awestruck} Perfect Mountain Views \ Hot Tub \ Fireplace \ Pool Access House | 2 bd · 2 ba · sleeps 5 | $30,163 | $2,606 | 3% | — | 0.2 mi | Booking |
Creekside Cabin w waterfall & hot tub Cabin
| 2 bd · 2 ba · sleeps 6 | $94,342 | $317 | 82% | 5★ (164) | 0.3 mi | AirbnbVrboBooking |
Secluded Cozy Cabin w/mountain views, Pigeon Forge Cabin
| 2 bd · 2 ba · sleeps 6 | $36,844 | $181 | 56% | 5★ (310) | 0.3 mi | AirbnbVrbo |
Brookside Cabin
| 2 bd · 2 ba · sleeps 6 | $69,853 | $260 | 74% | 4.9★ (88) | 0.3 mi | AirbnbVrbo |
Streamsong: Peaceful creek, Hot tub, Pool Table Cabin
| 2 bd · 2 ba · sleeps 6 | $41,196 | $220 | 51% | 4.6★ (111) | 0.3 mi | AirbnbVrboBooking |
Streamsong Vacation home | 2 bd · 2 ba · sleeps 6 | $24,033 | $797 | 8% | — | 0.3 mi | Booking |
Secluded Nature Cabin with Pool Table, Spa and Fireplace in Sevierville, Tennessee Cabin | 2 bd · 2 ba · sleeps 6 | $23,520 | $575 | 11% | — | 0.3 mi | Booking |
#3685 Brookside Chalet | 2 bd · 2 ba · sleeps 6 | $68,251 | $236 | 79% | 4.8★ (2) | 0.4 mi | Booking |
Quietplace - basking in the beauty of the Smokies! Cabin
| 2 bd · 2 ba · sleeps 6 | $68,141 | $311 | 60% | 5★ (52) | 0.4 mi | AirbnbVrbo |
Breathtaking views! 8 minutes to GSMNP entrance! Cabin
| 2 bd · 2 ba · sleeps 6 | $68,058 | $290 | 64% | 5★ (144) | 0.4 mi | AirbnbVrbo |
Scenic Cabin w/Private Hot Tub & Mountain Views Cabin
| 2 bd · 2 ba · sleeps 4 | $65,286 | $268 | 67% | 5★ (108) | 0.4 mi | AirbnbVrboBooking |
Private Treehouse Getaway w/ HotTub FirePit Views Cabin
| 2 bd · 2.5 ba · sleeps 7 | $82,310 | $250 | 90% | 5★ (141) | 0.4 mi | AirbnbVrboBooking |
*Relaxing 2BD Cabin w/ Hot Tub + Grill! Free WiFi* Cabin
| 2 bd · 2 ba · sleeps 6 | $44,579 | $229 | 53% | 4.9★ (63) | 0.4 mi | AirbnbVrbo |
Arrowhead, Free Tickets, No catch! Chalet | 2 bd · 1 ba · sleeps 4 | $30,925 | $202 | 42% | — | 0.5 mi | Booking |
Flyin' Free Teepee, Free Tickets, No catch! Chalet | 2 bd · 1 ba · sleeps 4 | $25,188 | $198 | 35% | 2.5★ (1) | 0.5 mi | Booking |
Private Vacation Getaway! True Log Cabin! House
| 2 bd · 2 ba · sleeps 6 | $51,257 | $227 | 62% | 5★ (41) | 0.5 mi | AirbnbVrbo |
Affordable/Weekend/Week Getaway Hot Tub Internet Pet Friendly Fenced in Yard Cabin | 2 bd · 3 ba · sleeps 6 | $36,803 | $227 | 44% | 4.2★ (5) | 0.5 mi | Booking |
Cozy Two Bedroom Mountain Getaway - Log Cabin, One Story, Pet Friendly Cabin
| 2 bd · 2 ba · sleeps 6 | $61,324 | $211 | 80% | 4.8★ (15) | 0.5 mi | VrboBooking |
Mountain View Cabin: Hot Tub, Deck, Community Pool Cabin
| 2 bd · 2 ba · sleeps 6 | $42,575 | $191 | 61% | 4.8★ (141) | 0.6 mi | AirbnbVrboBooking |
2 BR cabin w/fire pit, hot tub, grill, pool table Cabin | 2 bd · 2 ba · sleeps 6 | $45,143 | $0 | — | 4.7★ (16) | 0.6 mi | AirbnbBooking |
Epic view! Private and cozy! Cabin
| 2 bd · 3 ba · sleeps 6 | $63,706 | $245 | 71% | 4.9★ (197) | 0.6 mi | AirbnbVrbo |
Two bedroom, two bathroom cottage with beautiful m Cabin | 2 bd · 2 ba · sleeps 6 | $49,006 | $231 | 58% | 4.7★ (90) | 0.6 mi | Airbnb |
"Four Bears Barn" 2 Bedroom Cabin House
| 2 bd · 2 ba · sleeps 6 | $21,018 | $340 | 17% | — | 0.6 mi | AirbnbVrbo |
Peaceful Cabin Escape | Hot Tub & Fire Pit Cabin
| 2 bd · 2 ba · sleeps 8 | $66,550 | $240 | 76% | 5★ (90) | 0.6 mi | AirbnbVrbo |
Haleywood Hollow, Free Tickets, WIFI, Arcade Game Cabin
| 2 bd · 3 ba · sleeps 8 | $53,792 | $262 | 56% | 4.2★ (11) | 0.7 mi | 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
Rate 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$58,874
NOI
$32,794
Cash flow /mo
-$793
Cash needed
$203,050
Cash-on-cash
-4.7%
ROE (yr 1)
6.9%
Cap rate
5.1%
DSCR
0.78
Year-1 write-off
$196,850
Year-1 tax shield @ 32%
$62,992
Year-1 return on equity
- Cash flow (annual)-$9,518
- Principal paydown$4,098
- Appreciation at%$19,350
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)$11,775
- Platform fees (3% of revenue)$1,766
- Maintenance / capex (5% of revenue)$2,944
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,525
- Insurance (STR-rated)$3,870
Cash needed to close
- Down payment (25%)$161,250
- Closing costs (4.0%)$25,800
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$62,992
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
$567,000
Short-life (5/15-yr)
$180,000 · 32%
Year-1 deduction
$197,000
Year-1 tax shield @ 32%
$63,000
Land 12% (county tax record, market value split) · building $386,000 over 39 years · new furniture $16,000
Based on: 920 sq ft, built 2023, 2 bd / 2 ba, unfurnished, listing features (hot tub, deck, fireplace, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $129,000 in year 1 (20% short-life, $41,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $19,800
Kitchen cabinetsdefault
$7,800 new × 88% good × 2.88 allocation
- $16,200
Kitchen countertopsdefault
$6,400 new × 88% good × 2.88 allocation
- $4,100
Decorative trimdefault
$1,600 new × 88% good × 2.88 allocation
- $600
Mirrorsdefault
$300 new × 75% good × 2.88 allocation
- $2,300
Shelvingdefault
$900 new × 88% good × 2.88 allocation
- $4,500
Window coverings (9)default
$2,300 new × 70% good × 2.88 allocation
- $12,800
Carpet, vinyl & laminate (100% of floors)listing
$5,900 new × 75% good × 2.88 allocation
- $16,500
Kitchen & laundry equipment plumbingdefault
$6,100 new × 94% good × 2.88 allocation
- $10,000
Kitchen, laundry & data equipment electricaldefault
$3,700 new × 94% good × 2.88 allocation
- $16,600
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 75% good × 2.88 allocation
- $18,100
Hot tub (freestanding)listing
$9,000 new × 70% good × 2.88 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $15,900
Paving: driveway & walks (paved)listing
$6,300 new × 88% good × 2.88 allocation
- $15,300
Landscaping (typical)default
$6,000 new × 88% good × 2.88 allocation
- $2,300
Patiosdefault
$900 new × 88% good × 2.88 allocation
- $25,300
Decks & porches (attached)listing
$10,400 new × 85% good × 2.88 allocation
- $271,700
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$99,300 new × 95% good × 2.88 allocation
- $27,800
Building plumbing & fixturesdefault
$10,300 new × 94% good × 2.88 allocation
- $24,200
Building electrical & lightingdefault
$8,900 new × 94% good × 2.88 allocation
- $25,400
HVACdefault
$10,400 new × 85% good × 2.88 allocation
- $6,700
Fireplacelisting
$2,600 new × 88% good × 2.88 allocation
- $30,400
Septic systemlisting
$12,000 new × 88% good × 2.88 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $137,500 | $58,900 | $400 | $196,800 |
| 2 | $0 | $0 | $9,900 | $9,900 |
| 3 | $0 | $0 | $9,900 | $9,900 |
| 4 | $0 | $0 | $9,900 | $9,900 |
| 5 | $0 | $0 | $9,900 | $9,900 |
| 6+ | $0 | $0 | $346,200 | $346,200 |
| Total | $137,500 | $58,900 | $386,200 | $582,600 |
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.