Rate 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium

302 Paul Lafollette Way

Sevierville, TN 37876

$725,000

3 bd · 3 ba · 1,926 sqft · Listed 1d ago

View on Realtor.com →

Low confidenceEst. land %Negative cash flow

Year built

2023

Sqft

1,926

Lot sqft

38,333

HOA / mo

None

Furnished

List date

2026-10-28T21:25:02.000000Z

Revenue

Annual revenue

$61,639

ADR

$268

Occupancy

63%

Cleaning fees (12 mo)

$14,715

Confidence

Low (36.49), 11 comps

Comp revenue range (p25 / median / p75)

$28,827$54,852$83,313

Median revenue of shown comps: $54,852

Modern Cabin w/ Pool, Hot Tub, Games & More!
Cabin · 3 bd · 3 ba · sleeps 10 · 203 ft
- Hot tub
- Pool
- A/C
- Free parking
- +4
Revenue $84,181ADR $344Occ ≈ 67%4.6★ (67)
Airbnb Vrbo Booking
85° Indoor Pool, Game Room & Oversized Hot Tub
Cabin · 3 bd · 3 ba · sleeps 10 · 226 ft
Revenue $9,116ADR $455Occ ≈ 5%5★ (153)
Airbnb Booking
New 3BR Retreat with Indoor Pool & Game Room
Cabin · 3 bd · 3 ba · sleeps 10 · 361 ft
Revenue $82,838ADR $362Occ ≈ 63%4.2★ (9)
Airbnb Booking
Heated Pool | Hot Tub | PuttPutt
Cabin · 3 bd · 3 ba · sleeps 8 · 420 ft
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $101,921ADR $423Occ ≈ 66%5★ (131)
Airbnb Vrbo
Indoor pool/ hot tub/ Family cabin near Dollywood
Cabin · 3 bd · 3 ba · sleeps 8 · 463 ft
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $46,073ADR $330Occ ≈ 38%4.7★ (63)
Airbnb Vrbo
Brand New Luxury A-Frame | Sleeps 8 | Free Tkts
Cabin · 3 bd · 3 ba · sleeps 8 · 0.1 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $489ADR $489Occ ≈ 0%—
Airbnb Vrbo Booking
New! Indoor Pool, Game Room, Families Welcome!
Cabin · 3 bd · 3 ba · sleeps 10 · 0.1 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $29,056ADR $344Occ ≈ 23%5★ (9)
Airbnb Vrbo
Cabin/Prime location/HotTub/Pet-friendly/Game room
Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.5 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +6
Revenue $56,619ADR $203Occ ≈ 76%4.9★ (214)
Airbnb Vrbo
Firepit|HotTub|Smoky Mtns|Sevierville|Pigeon Forge
House · 3 bd · 2 ba · sleeps 10 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +5
Revenue $54,852ADR $272Occ ≈ 55%5★ (116)
Airbnb Vrbo
Game Room + Fire Pit | Minutes from Dollywood
Cabin · 3 bd · 2 ba · sleeps 8 · 0.6 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $28,598ADR $213Occ ≈ 37%5★ (30)
Airbnb Vrbo

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Modern Cabin w/ Pool, Hot Tub, Games & More! Cabin Hot tub Pool A/C Free parking +4	3 bd · 3 ba · sleeps 10	$84,181	$344	67%	4.6★ (67)	203 ft	Airbnb Vrbo Booking
85° Indoor Pool, Game Room & Oversized Hot Tub Cabin	3 bd · 3 ba · sleeps 10	$9,116	$455	5%	5★ (153)	226 ft	Airbnb Booking
New 3BR Retreat with Indoor Pool & Game Room Cabin	3 bd · 3 ba · sleeps 10	$82,838	$362	63%	4.2★ (9)	361 ft	Airbnb Booking
Heated Pool \| Hot Tub \| PuttPutt Cabin Hot tub Pool A/C Free parking +5	3 bd · 3 ba · sleeps 8	$101,921	$423	66%	5★ (131)	420 ft	Airbnb Vrbo
Indoor pool/ hot tub/ Family cabin near Dollywood Cabin Hot tub Pool A/C Free parking +5	3 bd · 3 ba · sleeps 8	$46,073	$330	38%	4.7★ (63)	463 ft	Airbnb Vrbo
Brand New Luxury A-Frame \| Sleeps 8 \| Free Tkts Cabin Hot tub A/C Free parking Wifi +4	3 bd · 3 ba · sleeps 8	$489	$489	0%	—	0.1 mi	Airbnb Vrbo Booking
New! Indoor Pool, Game Room, Families Welcome! Cabin Hot tub Pool A/C Free parking +5	3 bd · 3 ba · sleeps 10	$29,056	$344	23%	5★ (9)	0.1 mi	Airbnb Vrbo
Cabin/Prime location/HotTub/Pet-friendly/Game room Cabin Hot tub A/C Free parking Pets OK +6	3 bd · 2.5 ba · sleeps 8	$56,619	$203	76%	4.9★ (214)	0.5 mi	Airbnb Vrbo
Firepit\|HotTub\|Smoky Mtns\|Sevierville\|Pigeon Forge House Hot tub A/C Free parking Wifi +5	3 bd · 2 ba · sleeps 10	$54,852	$272	55%	5★ (116)	0.6 mi	Airbnb Vrbo
Game Room + Fire Pit \| Minutes from Dollywood Cabin A/C Free parking Wifi Kitchen +2	3 bd · 2 ba · sleeps 8	$28,598	$213	37%	5★ (30)	0.6 mi	Airbnb Vrbo

Show 1 more

Perfect Family Getaway Near Dollywood and More
House · 3 bd · 2 ba · sleeps 10 · 0.6 mi
Revenue $83,788ADR $396Occ ≈ 58%4.8★ (29)
Airbnb

Listing	Size	Revenue (12 mo)	ADR	Occ ≈	Rating	Distance	Links
Perfect Family Getaway Near Dollywood and More House	3 bd · 2 ba · sleeps 10	$83,788	$396	58%	4.8★ (29)	0.6 mi	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

Purchase priceDown payment %30-yr rate %Already furnishedTax bracketCount tax savings in returnsOnly if you can use the losses (STR loophole)

Rate 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium

Est. revenue

$61,639

NOI

$33,077

Cash flow /mo

-$1,260

Cash needed

$235,750

Cash-on-cash

-6.4%

ROE (yr 1)

4.7%

Cap rate

4.6%

DSCR

0.69

Year-1 write-off

$173,833

Year-1 tax shield @ 32%

$55,626

Year-1 return on equity

Cash flow (annual)-$15,120
Principal paydown$4,480
Appreciation at%$21,750

ROE4.7%

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)$12,328
Platform fees (3% of revenue)$1,849
Maintenance / capex (5% of revenue)$3,082
Utilities & supplies$4,200
HOA$0
Property tax$2,753
Insurance (STR-rated)$4,350

Cash needed to close

Down payment (25%)$181,250
Closing costs (4.0%)$29,000
Furnishing (bought new)$25,500

Tax savings if the STR loophole applies

Tax shield @ 32%$55,626

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

$616,000

Short-life (5/15-yr)

$148,000 · 24%

Year-1 deduction

$174,000

Year-1 tax shield @ 32%

$56,000

Land 15% (market default, no usable tax-record split) · building $468,000 over 39 years · new furniture $26,000

Based on: 1,926 sq ft, built 2023, 3 bd / 3 ba, unfurnished, listing features (hot tub, deck, patio, game room, fireplace, flooring types, appliance list, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $107,000 in year 1 (13% short-life, $34,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$107,800

Kitchen cabinetsdefault
$10,000 new × 88% good × 1.73 allocation
$15,300
Kitchen countertopsdefault
$8,200 new × 88% good × 1.73 allocation
$12,500
Decorative trimdefault
$3,400 new × 88% good × 1.73 allocation
$5,100
Mirrorsdefault
$500 new × 75% good × 1.73 allocation
$600
Shelvingdefault
$1,200 new × 88% good × 1.73 allocation
$1,800
Window coverings (19)default
$4,800 new × 70% good × 1.73 allocation
$5,800
Kitchen & laundry equipment plumbingdefault
$7,800 new × 94% good × 1.73 allocation
$12,700
Kitchen, laundry & data equipment electricaldefault
$4,700 new × 94% good × 1.73 allocation
$7,700
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 75% good × 1.73 allocation
$10,000
Hot tub (freestanding)listing
$9,000 new × 70% good × 1.73 allocation
$10,900
Furniture bought newlisting
$19,500 new × 100% good · bought separately
$19,500
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
$6,000

15-year land improvements$65,600

Paving: driveway & walks (paved)default
$9,100 new × 88% good × 1.73 allocation
$13,900
Landscaping (minimal)listing
$4,400 new × 88% good × 1.73 allocation
$6,700
Patioslisting
$8,700 new × 88% good × 1.73 allocation
$13,200
Decks & porches (attached)listing
$21,700 new × 85% good × 1.73 allocation
$31,900

Building, 39-year$468,400

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$208,800 new × 95% good × 1.73 allocation
$343,100
Building plumbing & fixturesdefault
$21,700 new × 94% good × 1.73 allocation
$35,200
Building electrical & lightingdefault
$21,700 new × 94% good × 1.73 allocation
$35,300
HVACdefault
$21,700 new × 85% good × 1.73 allocation
$31,900
Hardwood & tile floorsdefault
$12,400 new × 88% good × 1.73 allocation
$18,900
Fireplacelisting
$2,600 new × 88% good × 1.73 allocation
$4,000

About the property

Sold furnishedGame roomHot tubPoolDeckDrivewayLandscapingFencedIrrigationLong-term rental (27.5-yr)Carpet / vinyl / laminate %Placed in serviceClosing costs $ (adds to basis)Land %Bonus depreciation %

Depreciation schedule: typical cost seg study

Year	5-yr	15-yr	Building	Total
1	$107,800	$65,600	$500	$173,800
2	$0	$0	$12,000	$12,000
3	$0	$0	$12,000	$12,000
4	$0	$0	$12,000	$12,000
5	$0	$0	$12,000	$12,000
6+	$0	$0	$419,900	$419,900
Total	$107,800	$65,600	$468,400	$641,700

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.