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Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

3504 Hunter Hills Way

3504 Hunter Hills Way

Sevierville, TN 37876

$629,950

3 bd · 3 ba · 1,794 sqft · Listed 1d ago

View on Realtor.com →
Low confidenceEst. land %Negative cash flow

Year built

2000

Sqft

1,794

Lot sqft

43,996

HOA / mo

None

Furnished

No

List date

2026-10-05T23:25:11.000000Z

Revenue

Annual revenue

$57,652

ADR

$267

Occupancy

59%

Cleaning fees (12 mo)

$10,860

Confidence

Low (38.17), 44 comps

Comp revenue range (p25 / median / p75)

$28,415$48,542$75,936

Median revenue of shown comps: $40,766Checking amenities for 36 listings…

  • Hunter Hill Haven - Pet Friendly, Hot Tub, Game RM

    Cabin · 3 bd · 3 ba · sleeps 10 · 459 ft

    Revenue $49,845ADR $296Occ ≈ 46%4.8★ (28)

    AirbnbVrboBooking

  • Budget-Friendly | Mountain Views, Game Room, Hot T

    Cabin · 3 bd · 4 ba · sleeps 10 · 0.2 mi

    Revenue $140,722ADR $546Occ ≈ 71%4.8★ (29)

    AirbnbVrboBooking

  • Hot Tub, Near Dollywood, Fireplace + Free Tickets

    House · 3 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $15,232ADR $302Occ ≈ 14%—

    AirbnbVrbo

  • 2 King Suites | Sunset View | Hot Tub | Sleeps 6

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $39,548ADR $229Occ ≈ 47%4.8★ (87)

    AirbnbVrbo

  • Secluded Cabin w Heated Pool, Hot Tub & much more

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.3 mi

    Revenue $35,725ADR $363Occ ≈ 27%4.3★ (63)

    AirbnbVrbo

  • Secluded Cabin / Stunning Mtn View / Paved Drive

    Chalet · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $64,872ADR $374Occ ≈ 48%5★ (4)

    Booking

  • River view, king beds, firepit, arcade game, & easy to get to on the back roads between GBurg & PF!

    Chalet · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $33,907ADR $161Occ ≈ 58%4★ (1)

    Booking

  • Steele Away 3 Bedrooms

    Vacation home · 3 bd · 3 ba · sleeps 8 · 0.4 mi

    Revenue $36,002ADR $1,756Occ ≈ 6%5★ (1)

    Booking

  • Our Peaceful Bear-adise - New Listing

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.4 mi

    Revenue $5,218ADR $246Occ ≈ 6%—

    AirbnbVrboBooking

  • Gatlinburg Perfectly Cozy cabin Hot Tub, Fireplace

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $40,766ADR $277Occ ≈ 40%—

    Airbnb

Show 21 more
  • Perfectly Cozy Cabin, with Pool Table, Hot Tub

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $34,348ADR $261Occ ≈ 36%—

    Airbnb

  • Views! HotTub*Private*3 Kings*Arcade*#1 Location

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $86,086ADR $332Occ ≈ 71%5★ (132)

    AirbnbVrboBooking

  • Steele Away: Free Attraction Tickets & Hot Tub

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    Revenue $64,290ADR $292Occ ≈ 60%4.7★ (179)

    AirbnbVrboBooking

  • Dog Friendly-Mtn Views-Hot tub-Wood FP-King Beds

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $89,594ADR $303Occ ≈ 81%4.9★ (168)

    AirbnbVrbo

  • Smoky Ridge | Epic Views | Hot Tub | 3 Kings

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $25,253ADR $263Occ ≈ 26%5★ (13)

    AirbnbVrbo

  • Smoky Mountain View Hot Tub Pigeon Forge Dollywood

    Cabin · 3 bd · 3.5 ba · sleeps 8 · 0.5 mi

    Revenue $79,700ADR $254Occ ≈ 86%4.8★ (235)

    AirbnbVrboBooking

  • Bearly Livin by Avada Properties

    Vacation home · 3 bd · 2 ba · sleeps 10 · 0.5 mi

    Revenue $38,161ADR $187Occ ≈ 56%3.1★ (3)

    Booking

  • Amazing Grace - Hot Tub, Stone Firepit & Arcade Loft Near Pigeon Forge

    Villa · 3 bd · 2 ba · sleeps 10 · 0.6 mi

    Revenue $48,542ADR $232Occ ≈ 57%4.4★ (6)

    Booking

  • Storyteller - 3 Bed 3.5 Bath cabin near Gatlinburg

    Cabin · 3 bd · 3.5 ba · sleeps 10 · 0.6 mi

    Revenue $80,060ADR $326Occ ≈ 67%4.8★ (104)

    AirbnbVrbo

  • Southern Oak - Newly Remodeled

    House · 3 bd · 2.5 ba · sleeps 6 · 0.6 mi

    Revenue $21,357ADR $0Occ ≈ —5★ (2)

    Vrbo

  • Peaceful Retreat Hot Tub Grill Fireplace MORE

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $69,124ADR $257Occ ≈ 74%—

    Booking

  • Storyteller - 3 Bed 3.5 Bath cabin near Gatlinburg

    Vacation home · 3 bd · 4 ba · sleeps 6 · 0.6 mi

    Revenue $9,822ADR $178Occ ≈ 15%—

    Booking

  • 10% Off! Arcades, Pets, EV Charger, Air Hockey, Hot Tub

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.6 mi

    Revenue $62,398ADR $298Occ ≈ 57%4.9★ (160)

    AirbnbVrbo

  • Endless MTN Escape: Spacious, Hot Tub, MORE GAMES!

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.6 mi

    Revenue $8,016ADR $314Occ ≈ 7%5★ (4)

    AirbnbVrboBooking

  • Smoky Mountain Fall & Holiday Escape | Hot Tub

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $40,836ADR $245Occ ≈ 46%4.5★ (77)

    AirbnbVrboBooking

  • Makin Memories - Outdoor Hot Tub, Pool Table, Arcade Games + Indoor Jedded Tub

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $25,227ADR $286Occ ≈ 24%—

    Booking

  • Ravens Roost- Sevierville, TN!

    Cabin · 3 bd · 3.5 ba · sleeps 6 · 0.7 mi

    Revenue $65,447ADR $313Occ ≈ 57%5★ (65)

    AirbnbVrbo

  • Trollhaugen—Enjoy Fall and Winterfest in the Great Smoky Mountains

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

    Revenue $65,305ADR $269Occ ≈ 67%4.7★ (77)

    Vrbo

  • Secluded - Hot Tub - Keurig - Wifi

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.7 mi

    Revenue $38,752ADR $315Occ ≈ 34%3.6★ (3)

    AirbnbVrbo

  • Huge 3Bd Retreat w/ Views! Pool Table, Hot Tub

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.7 mi

    Revenue $81,806ADR $273Occ ≈ 82%4.8★ (146)

    AirbnbVrbo

  • Blue Bird: Free Tickets/ Pool Table

    Cabin · 3 bd · 3.5 ba · sleeps 8 · 0.7 mi

    Revenue $25,460ADR $379Occ ≈ 18%5★ (1)

    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
Term

Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

Est. revenue

$57,652

NOI

$31,727

Cash flow /mo

-$833

Cash needed

$208,186

Cash-on-cash

-4.8%

ROE (yr 1)

6.2%

Cap rate

5.0%

DSCR

0.76

Year-1 write-off

$156,620

Year-1 tax shield @ 32%

$50,118

Year-1 return on equity

  • Cash flow (annual)-$9,993
  • Principal paydown$3,923
  • Appreciation at%$18,899
ROE6.2%

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)$11,530
  • Platform fees (3% of revenue)$1,730
  • Maintenance / capex (5% of revenue)$2,883
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$1,803
  • Insurance (STR-rated)$3,780

Cash needed to close

  • Down payment (25%)$157,488
  • Closing costs (4.0%)$25,198
  • Furnishing (bought new)$25,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$50,118

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

$535,000

Short-life (5/15-yr)

$131,000 · 24%

Year-1 deduction

$157,000

Year-1 tax shield @ 32%

$50,000

Land 15% (market default, no usable tax-record split) · building $405,000 over 39 years · new furniture $26,000

Based on: 1,794 sq ft, built 2000, 3 bd / 3 ba, unfurnished, listing features (hot tub, deck, patio, game room, fireplace, flooring types, appliance list, septic, wooded lot).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $104,000 in year 1 (15% short-life, $33,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$99,000
  • Kitchen cabinetsdefault

    $9,700 new × 40% good × 2.77 allocation

    $10,800
  • Kitchen countertopsdefault

    $8,000 new × 40% good × 2.77 allocation

    $8,800
  • Decorative trimdefault

    $3,100 new × 40% good × 2.77 allocation

    $3,500
  • Mirrorsdefault

    $500 new × 40% good × 2.77 allocation

    $500
  • Shelvingdefault

    $1,200 new × 40% good × 2.77 allocation

    $1,300
  • Window coverings (18)default

    $4,500 new × 40% good × 2.77 allocation

    $5,000
  • Carpet, vinyl & laminate (67% of floors)listing

    $7,700 new × 40% good × 2.77 allocation

    $8,500
  • Kitchen & laundry equipment plumbingdefault

    $7,600 new × 48% good × 2.77 allocation

    $10,100
  • Kitchen, laundry & data equipment electricaldefault

    $4,600 new × 48% good × 2.77 allocation

    $6,100
  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)listing

    $8,100 new × 40% good × 2.77 allocation

    $9,000
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.77 allocation

    $10,000
  • 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$57,200
  • Paving: driveway & walks (paved)default

    $8,800 new × 50% good × 2.77 allocation

    $12,200
  • Landscaping (minimal)listing

    $4,200 new × 50% good × 2.77 allocation

    $5,900
  • Patioslisting

    $8,100 new × 50% good × 2.77 allocation

    $11,200
  • Decks & porches (attached)listing

    $20,200 new × 50% good × 2.77 allocation

    $28,000
Building, 39-year$404,800
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $194,400 new × 57% good × 2.77 allocation

    $305,100
  • Building plumbing & fixturesdefault

    $20,200 new × 48% good × 2.77 allocation

    $26,800
  • Building electrical & lightingdefault

    $20,000 new × 48% good × 2.77 allocation

    $26,600
  • HVACdefault

    $20,200 new × 40% good × 2.77 allocation

    $22,400
  • Hardwood & tile floorsdefault

    $3,800 new × 40% good × 2.77 allocation

    $4,300
  • Fireplacelisting

    $2,600 new × 40% good × 2.77 allocation

    $2,900
  • Septic systemlisting

    $12,000 new × 50% good × 2.77 allocation

    $16,600

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$99,000$57,200$400$156,600
2$0$0$10,400$10,400
3$0$0$10,400$10,400
4$0$0$10,400$10,400
5$0$0$10,400$10,400
6+$0$0$362,800$362,800
Total$99,000$57,200$404,800$561,000

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.