STR Yield
← Back to deals
MortgageCash
2326 Geraldine Way

2326 Geraldine Way

Sevierville, TN 37876

$407,000

3 bd · 2 ba · 1,416 sqft · Listed 7d ago

View on Realtor.com →
Low confidenceEst. land %

Year built

2025

Sqft

1,416

Lot sqft

50,312

HOA / mo

$0

Furnished

No

List date

2026-11-05T13:32:51.000000Z

Revenue

Annual revenue

$62,023

ADR

$262

Occupancy

65%

Cleaning fees (12 mo)

$14,345

Confidence

Low (29.27), 11 comps

Comp revenue range (p25 / median / p75)

$23,739$46,073$83,313

Median revenue of shown comps: $46,073

  • Brand New Luxury A-Frame | Sleeps 8 | Free Tkts

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +4

    Revenue $489ADR $489Occ ≈ 0%—

    AirbnbVrboBooking

  • Indoor pool/ hot tub/ Family cabin near Dollywood

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $46,073ADR $330Occ ≈ 38%4.7★ (63)

    AirbnbVrbo

  • Heated Pool | Hot Tub | PuttPutt

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $101,921ADR $423Occ ≈ 66%5★ (131)

    AirbnbVrbo

  • Modern Cabin w/ Pool, Hot Tub, Games & More!

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.4 mi

    • 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 · 0.5 mi

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

    AirbnbBooking

  • New 3BR Retreat with Indoor Pool & Game Room

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.5 mi

    Revenue $82,838ADR $362Occ ≈ 63%4.2★ (9)

    AirbnbBooking

  • Harmony Ridge | Fire Pit • Grill • Walking Trails!

    House · 3 bd · 1.5 ba · sleeps 8 · 0.5 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $18,879ADR $192Occ ≈ 27%5★ (9)

    AirbnbVrboBooking

  • New! Indoor Pool, Game Room, Families Welcome!

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.5 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $29,056ADR $344Occ ≈ 23%5★ (9)

    AirbnbVrbo

  • 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

  • Game Room + Fire Pit | Minutes from Dollywood

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.7 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $28,598ADR $213Occ ≈ 37%5★ (30)

    AirbnbVrbo

Show 1 more

  • Cabin/Prime location/HotTub/Pet-friendly/Game room

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.7 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +6

    Revenue $56,619ADR $203Occ ≈ 76%4.9★ (214)

    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

Financing
Management

Est. revenue

$62,023

NOI

$29,542

Cash flow /mo

$2,462

Cash needed

$442,780

Cash-on-cash (all cash)

6.7%

ROE (yr 1)

9.4%

Cap rate

7.3%

DSCR

—

Year-1 write-off

$112,511

Year-1 tax shield @ 32%

$36,003

Year-1 return on equity

  • Cash flow (annual)$29,542
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$12,210
ROE9.4%

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)$12,405
  • Platform fees (3% of revenue)$1,861
  • Maintenance / capex (5% of revenue)$3,101
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$8,473
  • Insurance (STR-rated)$2,442

Cash needed to close

  • Purchase price (all cash)$407,000
  • Closing costs (4.0%)$16,280
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$36,003

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

$346,000

Short-life (5/15-yr)

$93,000 · 27%

Year-1 deduction

$113,000

Year-1 tax shield @ 32%

$36,000

Land 15% (market default, no usable tax-record split) · building $253,000 over 39 years · new furniture $20,000

Based on: 1,416 sq ft, built 2025, 3 bd / 2 ba, unfurnished, listing features (deck, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $71,000 in year 1 (15% short-life, $23,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$74,300

  • Kitchen cabinetsdefault

    $8,900 new × 96% good × 1.22 allocation

    $10,400

  • Kitchen countertopsdefault

    $7,300 new × 96% good × 1.22 allocation

    $8,500

  • Decorative trimdefault

    $2,500 new × 96% good × 1.22 allocation

    $2,900

  • Mirrorsdefault

    $300 new × 92% good × 1.22 allocation

    $300

  • Shelvingdefault

    $1,200 new × 96% good × 1.22 allocation

    $1,400

  • Window coverings (14)default

    $3,500 new × 90% good × 1.22 allocation

    $3,800

  • Carpet, vinyl & laminate (100% of floors)listing

    $9,100 new × 92% good × 1.22 allocation

    $10,200

  • Kitchen & laundry equipment plumbingdefault

    $6,900 new × 98% good × 1.22 allocation

    $8,300

  • Kitchen, laundry & data equipment electricaldefault

    $4,200 new × 98% good × 1.22 allocation

    $5,000

  • Appliances (range, microwave, dishwasher)listing

    $3,500 new × 92% good × 1.22 allocation

    $3,900

  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$38,000

  • Paving: driveway & walks (paved)default

    $7,800 new × 96% good × 1.22 allocation

    $9,100

  • Landscaping (typical)default

    $7,500 new × 96% good × 1.22 allocation

    $8,800

  • Patiosdefault

    $1,400 new × 96% good × 1.22 allocation

    $1,600

  • Decks & porches (attached)listing

    $15,900 new × 95% good × 1.22 allocation

    $18,400
Building, 39-year$253,200

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $153,200 new × 98% good × 1.22 allocation

    $183,600

  • Building plumbing & fixturesdefault

    $15,900 new × 98% good × 1.22 allocation

    $19,000

  • Building electrical & lightingdefault

    $15,200 new × 98% good × 1.22 allocation

    $18,200

  • HVACdefault

    $16,000 new × 95% good × 1.22 allocation

    $18,500

  • Septic systemlisting

    $12,000 new × 96% good × 1.22 allocation

    $14,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$74,300$38,000$300$112,500
2$0$0$6,500$6,500
3$0$0$6,500$6,500
4$0$0$6,500$6,500
5$0$0$6,500$6,500
6+$0$0$227,000$227,000
Total$74,300$38,000$253,200$365,400

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.