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302 Paul Lafollette Way

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 %

Year built

2023

Sqft

1,926

Lot sqft

38,333

HOA / mo

None

Furnished

No

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)

    AirbnbVrboBooking

  • 85° Indoor Pool, Game Room & Oversized Hot Tub

    Cabin · 3 bd · 3 ba · sleeps 10 · 226 ft

    Revenue $9,116ADR $455Occ ≈ 5%5★ (153)

    AirbnbBooking

  • 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)

    AirbnbBooking

  • 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)

    AirbnbVrbo

  • 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)

    AirbnbVrbo

  • 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%—

    AirbnbVrboBooking

  • 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)

    AirbnbVrbo

  • 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)

    AirbnbVrbo

  • 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)

    AirbnbVrbo

  • 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)

    AirbnbVrbo

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

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

Est. revenue

$61,639

NOI

$33,077

Cash flow /mo

$2,756

Cash needed

$779,500

Cash-on-cash (all cash)

4.2%

ROE (yr 1)

7.0%

Cap rate

4.6%

DSCR

—

Year-1 write-off

$173,833

Year-1 tax shield @ 32%

$55,626

Year-1 return on equity

  • Cash flow (annual)$33,077
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$21,750
ROE7.0%

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

  • Purchase price (all cash)$725,000
  • 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

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
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.