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Rate 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium

2062 Bird Ridge Rd

2062 Bird Ridge Rd

Sevierville, TN 37876

$500,000

2 bd · 2 ba · 1,344 sqft · Listed 1d ago

View on Realtor.com →
Est. land %Negative cash flow

Year built

2005

Sqft

1,344

Lot sqft

41,818

HOA / mo

None

Furnished

No

List date

2026-11-11T15:03:38.000000Z

Revenue

Annual revenue

$38,927

ADR

$169

Occupancy

63%

Cleaning fees (12 mo)

$8,194

Confidence

Med (56.48), 46 comps

Comp revenue range (p25 / median / p75)

$28,816$40,947$44,959

Median revenue of shown comps: $40,965

  • Game Room Fun, Wraparound Deck with Views, Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 8 · 240 ft

    Revenue $28,696ADR $245Occ ≈ 32%4.7★ (17)

    AirbnbVrboBooking

  • Private Mountain View Cabin with Wet Bar, Hot Tub,

    House · 2 bd · 2.5 ba · sleeps 8 · 341 ft

    Revenue $44,252ADR $243Occ ≈ 50%4.2★ (104)

    AirbnbVrboBooking

  • Mtn Views-Hot Tub-high speed wifi-game room

    Cabin · 2 bd · 1.5 ba · sleeps 8 · 394 ft

    Revenue $41,283ADR $188Occ ≈ 60%4.8★ (26)

    AirbnbVrbo

  • Free Dollywood Tix/Quiet/Arcade/A+Location/Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 8 · 430 ft

    Revenue $42,389ADR $230Occ ≈ 50%4.8★ (9)

    AirbnbVrbo

  • Dolly’s Escape – Relax & Unwind!

    Cabin · 2 bd · 2 ba · sleeps 6 · 430 ft

    Revenue $48,464ADR $172Occ ≈ 77%4.8★ (28)

    AirbnbVrboBooking

  • Beautiful View Cabin with Arcade, Wifi, foosball,

    House · 2 bd · 2.5 ba · sleeps 8 · 430 ft

    Revenue $55,706ADR $252Occ ≈ 61%4.2★ (102)

    AirbnbVrboBooking

  • Secluded 2Bedroom Cabin Birds Creek Resort Pigeon

    House · 2 bd · 2.5 ba · sleeps 6 · 472 ft

    Revenue $45,911ADR $240Occ ≈ 52%4.3★ (105)

    AirbnbVrboBooking

  • Dolly's 3: Free Attraction Tickets, Mountain Views

    House · 2 bd · 2 ba · sleeps 8 · 479 ft

    Revenue $6,381ADR $244Occ ≈ 7%4.6★ (17)

    AirbnbVrboBooking

  • Beautiful 2-BR cabin with loft and hot tub

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 512 ft

    Revenue $38,043ADR $250Occ ≈ 42%4.9★ (245)

    AirbnbVrbo

  • Cozy Cabin w/hot tub, pool table, close to PF/Gat!

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

    Revenue $57,996ADR $214Occ ≈ 74%4.9★ (274)

    AirbnbVrboBooking

Show 28 more
  • Forest View Hideaway: Secluded, Game Bar + Hot Tub

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

    Revenue $40,198ADR $315Occ ≈ 35%4.5★ (21)

    AirbnbVrbo

  • Mountain Breeze | Hot Tub | Pool Table | Tickets

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

    Revenue $41,455ADR $217Occ ≈ 52%5★ (30)

    AirbnbVrboBooking

  • Dolly’s Delight D: Spacious New Build w: 2bd/2bath

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    Revenue $26,901ADR $229Occ ≈ 32%5★ (87)

    AirbnbVrbo

  • Dolly's 2: Free Attraction Tickets, Mountain Views

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

    Revenue $5,442ADR $186Occ ≈ 8%4.2★ (12)

    AirbnbVrboBooking

  • Absolutely Perfect Cabin

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

    Revenue $41,403ADR $6,064Occ ≈ 2%4.8★ (191)

    AirbnbVrbo

  • At Trail's End Where the Adventure Settles In

    Chalet · 2 bd · 2 ba · sleeps 4 · 0.1 mi

    Revenue $45,979ADR $245Occ ≈ 51%—

    Booking

  • At Trail's End: Where the Adventure Settles In

    Cabin · 2 bd · 2.5 ba · sleeps 4 · 0.1 mi

    Revenue $42,432ADR $248Occ ≈ 47%4.4★ (14)

    AirbnbVrbo

  • 15 minutes from Dollywood:Hot tub w/ Mountain View

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

    Revenue $32,943ADR $202Occ ≈ 45%5★ (36)

    AirbnbVrbo

  • Dolly #1: 15 minutes from Dollywood

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

    Revenue $27,735ADR $189Occ ≈ 40%5★ (36)

    AirbnbVrbo

  • 15 minutes from Dollywood + Mountain View’s

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

    Revenue $28,936ADR $190Occ ≈ 42%5★ (39)

    AirbnbVrbo

  • Quiet, Calm and Serene at the Retreat!

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

    Revenue $21,282ADR $211Occ ≈ 28%5★ (182)

    Airbnb

  • Dolly's # 1

    Vacation home · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $44,429ADR $310Occ ≈ 39%—

    Booking

  • Dolly's Lodge # 3

    Vacation home · 2 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $40,740ADR $229Occ ≈ 49%—

    Booking

  • Dolly's # 2 condo

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

    Revenue $40,947ADR $256Occ ≈ 44%—

    Booking

  • Chillin N Grillin - Cozy Pet-Friendly w/ Mtn Views

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

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $41,806ADR $216Occ ≈ 53%4.7★ (134)

    AirbnbVrboBooking

  • THE DOGWOOD DOLLYS DRIVE Wifi Grill Woods Mtns

    Apartment · 2 bd · 3 ba · sleeps 4 · 0.2 mi

    Revenue $42,405ADR $268Occ ≈ 43%4★ (2)

    Booking

  • THE IRIS DOLLYS DRIVE Wifi Grill Woods Mtns

    Apartment · 2 bd · 3 ba · sleeps 4 · 0.2 mi

    Revenue $30,222ADR $263Occ ≈ 31%4.2★ (2)

    Booking

  • 2 Master Suites + Mountain Views + Great Location

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

    Revenue $40,982ADR $186Occ ≈ 60%4.9★ (139)

    AirbnbVrbo

  • THE IRIS @ DOLLYS DRIVE * Wifi Grill Woods Mtns

    House · 2 bd · 2.5 ba · sleeps 4 · 0.2 mi

    Revenue $34,655ADR $147Occ ≈ 65%4.8★ (195)

    AirbnbVrbo

  • 2BR, Hot tub, games, free attraction tickets!

    Cabin · 2 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $39,809ADR $184Occ ≈ 59%5★ (2)

    Vrbo

  • Gorgeous Semi-Private Two Bedroom Cabin Located Ju

    House · 2 bd · 1.5 ba · sleeps 8 · 0.2 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $57,788ADR $227Occ ≈ 70%4★ (115)

    AirbnbVrboBooking

  • 2 Master Suites + Mountain Views + Great Location

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

    Revenue $40,689ADR $188Occ ≈ 59%4.9★ (165)

    AirbnbVrbo

  • Dolly's 1: Free Attraction tickets, Mountain Views

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

    Revenue $5,915ADR $296Occ ≈ 5%4.7★ (13)

    AirbnbVrboBooking

  • Gorgeous Lovers Retreat! 5 star rated, Free Tix to Dollywood, etc Hot tub, Indoor Jacuzzi, Views!

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $54,003ADR $194Occ ≈ 76%—

    Booking

  • THE DOGWOOD @ DOLLYS DRIVE * Wifi Grill Woods Mtns

    House · 2 bd · 2.5 ba · sleeps 4 · 0.2 mi

    Revenue $35,257ADR $137Occ ≈ 71%4.8★ (138)

    AirbnbVrbo

  • Dolly's Getaway - Fire pit, hot tub, and game room

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

    Revenue $44,408ADR $220Occ ≈ 55%4.5★ (66)

    AirbnbVrboBooking

  • Blackstone | Sauna + Hot Tub Wellness Retreat

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

    Revenue $12,696ADR $260Occ ≈ 13%4.9★ (12)

    AirbnbVrbo

  • Above The Falls #144

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $45,489ADR $151Occ ≈ 83%5★ (1)

    Booking

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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium

Est. revenue

$38,927

NOI

$19,168

Cash flow /mo

-$1,136

Cash needed

$161,000

Cash-on-cash

-8.5%

ROE (yr 1)

2.8%

Cap rate

3.8%

DSCR

0.58

Year-1 write-off

$104,098

Year-1 tax shield @ 32%

$33,311

Year-1 return on equity

  • Cash flow (annual)-$13,632
  • Principal paydown$3,176
  • Appreciation at%$15,000
ROE2.8%

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)$7,785
  • Platform fees (3% of revenue)$1,168
  • Maintenance / capex (5% of revenue)$1,946
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$1,659
  • Insurance (STR-rated)$3,000

Cash needed to close

  • Down payment (25%)$125,000
  • Closing costs (4.0%)$20,000
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$33,311

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

$425,000

Short-life (5/15-yr)

$88,000 · 21%

Year-1 deduction

$104,000

Year-1 tax shield @ 32%

$33,000

Land 15% (market default, no usable tax-record split) · building $337,000 over 39 years · new furniture $16,000

Based on: 1,344 sq ft, built 2005, 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: $64,000 in year 1 (11% short-life, $20,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$62,500
  • Kitchen cabinetsdefault

    $8,700 new × 40% good × 2.63 allocation

    $9,200
  • Kitchen countertopsdefault

    $7,200 new × 40% good × 2.63 allocation

    $7,500
  • Decorative trimdefault

    $2,400 new × 40% good × 2.63 allocation

    $2,500
  • Mirrorsdefault

    $300 new × 40% good × 2.63 allocation

    $300
  • Shelvingdefault

    $900 new × 40% good × 2.63 allocation

    $900
  • Window coverings (13)default

    $3,300 new × 40% good × 2.63 allocation

    $3,400
  • Kitchen & laundry equipment plumbingdefault

    $6,800 new × 58% good × 2.63 allocation

    $10,400
  • Kitchen, laundry & data equipment electricaldefault

    $4,100 new × 58% good × 2.63 allocation

    $6,300
  • Appliances (range, microwave, dishwasher, refrigerator)listing

    $5,700 new × 40% good × 2.63 allocation

    $6,000
  • Furniture bought newlisting

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

    $16,000
15-year land improvements$41,200
  • Paving: driveway & walks (paved)default

    $7,600 new × 50% good × 2.63 allocation

    $10,000
  • Landscaping (typical)default

    $7,300 new × 50% good × 2.63 allocation

    $9,600
  • Patiosdefault

    $1,300 new × 50% good × 2.63 allocation

    $1,700
  • Decks & porches (attached)listing

    $15,100 new × 50% good × 2.63 allocation

    $19,900
Building, 39-year$337,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $145,700 new × 65% good × 2.63 allocation

    $248,900
  • Building plumbing & fixturesdefault

    $15,100 new × 58% good × 2.63 allocation

    $23,000
  • Building electrical & lightingdefault

    $14,300 new × 58% good × 2.63 allocation

    $21,800
  • HVACdefault

    $15,100 new × 40% good × 2.63 allocation

    $15,900
  • Hardwood & tile floorsdefault

    $8,600 new × 40% good × 2.63 allocation

    $9,100
  • Fireplacelisting

    $2,600 new × 40% good × 2.63 allocation

    $2,800
  • Septic systemlisting

    $12,000 new × 50% good × 2.63 allocation

    $15,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$62,500$41,200$400$104,100
2$0$0$8,600$8,600
3$0$0$8,600$8,600
4$0$0$8,600$8,600
5$0$0$8,600$8,600
6+$0$0$302,300$302,300
Total$62,500$41,200$337,300$441,000

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.