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Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium

1436 Nicoha Blvd

1436 Nicoha Blvd

Sevierville, TN 37876

$984,900

3 bd · 2 ba · 2,256 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2018

Sqft

2,256

Lot sqft

32,234

HOA / mo

$0

Furnished

No

List date

2026-10-15T14:42:51.000000Z

Revenue

Annual revenue

$66,413

ADR

$276

Occupancy

66%

Cleaning fees (12 mo)

$9,476

Confidence

Med (61.25), 50 comps

Comp revenue range (p25 / median / p75)

$49,945$66,883$81,162

Median revenue of shown comps: $64,990

  • Bearadise 4 Us by American Patriot Getaways

    Vacation home · 3 bd · 2 ba · sleeps 9 · 246 ft

    Revenue $85,810ADR $347Occ ≈ 68%—

    Booking

  • Scenic Resort with Easy Access Roads

    Cabin · 3 bd · 2 ba · sleeps 9 · 394 ft

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

    Revenue $56,547ADR $299Occ ≈ 52%4★ (2)

    AirbnbVrbo

  • 3BR Cabin | Arcade, Volleyball, & Huge Yard

    Cabin · 3 bd · 3 ba · sleeps 10 · 492 ft

    Revenue $88,977ADR $337Occ ≈ 72%5★ (5)

    Airbnb

  • Private Cabin With Amazing Views

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $9,839ADR $390Occ ≈ 7%5★ (1)

    Delisted

  • Hot tub, easy drive, mountain view, 3BR, games!

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

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

    Revenue $101,504ADR $408Occ ≈ 68%4.8★ (24)

    AirbnbVrbo

  • Smoky Mountain Cabin 4 Miles From Pigeon Forge

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

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +3

    Revenue $53,714ADR $194Occ ≈ 76%4.8★ (221)

    Airbnb

  • A Bear Creek Plunge: Dive In, Any Season

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

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

    Revenue $84,967ADR $455Occ ≈ 51%4★ (4)

    AirbnbVrbo

  • Cabin with loft, wrap around deck and amazing view

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +7

    Revenue $60,321ADR $266Occ ≈ 62%4.8★ (129)

    AirbnbVrbo

  • EZRoads/Private hottub/CoffeeBar/ArcadeGme/KingBds

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $34,961ADR $294Occ ≈ 33%5★ (30)

    Airbnb

  • Southern Comfort Memories by American Patriot Getaways

    Vacation home · 3 bd · 2 ba · sleeps 9 · 0.3 mi

    Revenue $70,450ADR $296Occ ≈ 65%5★ (1)

    Booking

Show 26 more
  • Absolutely Wonderful by American Patriot Getaways

    Vacation home · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $74,742ADR $321Occ ≈ 64%5★ (1)

    Booking

  • A Time to Remember by Eden Crest Vacation Rentals

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

    Revenue $46,317ADR $232Occ ≈ 55%4.8★ (3)

    Booking

  • Simply Amazing - Game Tables and Hot Tub

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

    Revenue $60,116ADR $270Occ ≈ 61%3.4★ (18)

    Booking

  • A Time to Remember

    Vacation home · 3 bd · 1 ba · sleeps 6 · 0.3 mi

    Revenue $3,694ADR $335Occ ≈ 3%—

    Booking

  • Little Bear! Hot Tub, Putt Putt, Game Room & Fun!

    Cabin · 3 bd · 2 ba · sleeps 9 · 0.3 mi

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

    Revenue $42,722ADR $252Occ ≈ 46%4.8★ (14)

    AirbnbVrboBooking

  • Specials! Hot Tub, Mini Putt, Game Room & Fire Pit

    Cabin · 3 bd · 2 ba · sleeps 9 · 0.3 mi

    Revenue $68,764ADR $334Occ ≈ 56%4.8★ (32)

    Airbnb

  • Top 5% | Indoor Pool, Views, Hot Tub, A+ Loc, Dogs

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +7

    Revenue $123,767ADR $443Occ ≈ 77%5★ (53)

    AirbnbVrboBooking

  • Luxury Log Home 3 miles from Parkway,sleeps 8

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    • Pool
    • Free parking
    • Wifi
    • Kitchen
    • +1

    Revenue $91,174ADR $572Occ ≈ 44%4.7★ (199)

    AirbnbVrbo

  • Sugar Bear Run: Secluded Mountain Views & Games

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $97,010ADR $389Occ ≈ 68%4.8★ (8)

    AirbnbVrbo

  • Wander Inn: Luxe Escape/Hot Tub/Pools & Mini Golf!

    Cabin · 3 bd · 2 ba · sleeps 9 · 0.4 mi

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

    Revenue $93,448ADR $294Occ ≈ 87%5★ (136)

    AirbnbVrbo

  • Fall views! Pool, Slide, Hot Tub & Mini Golf

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

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

    Revenue $82,650ADR $304Occ ≈ 74%5★ (70)

    AirbnbVrboBooking

  • Cozy Bear Heaven Cuddle Up in the Smokies

    Chalet · 3 bd · 1 ba · sleeps 8 · 0.4 mi

    Revenue $69,160ADR $254Occ ≈ 75%—

    Booking

  • Pinecone Hideaway

    Vacation home · 3 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $63,076ADR $337Occ ≈ 51%—

    Booking

  • Sunrise/Sunset Mtn Views! 3 Miles to Pkwy/Sleeps 8

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

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

    Revenue $46,366ADR $268Occ ≈ 47%5★ (37)

    AirbnbVrbo

  • Summer Smoky Escape | Pools, Sauna & Mini Golf

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $51,140ADR $256Occ ≈ 55%4.9★ (57)

    AirbnbVrboBooking

  • Deer Crossing by Venture Smoky Mountains

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

    Revenue $88,973ADR $303Occ ≈ 80%—

    Booking

  • Sleeps 10-Gameroom-HotTub-Wi-fi-Pool membership

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

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

    Revenue $66,903ADR $417Occ ≈ 44%5★ (255)

    AirbnbVrbo

  • Hot Tub, Pools, Fun! Bear Tracks Bungalow Awaits

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.4 mi

    Revenue $45,390ADR $348Occ ≈ 36%4.7★ (240)

    Airbnb

  • King Beds | Hot Tub | Game Loft | Resort Pools

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $76,696ADR $287Occ ≈ 73%4.9★ (182)

    AirbnbVrbo

  • Luxurious Family Mountain Cabin

    Vacation home · 3 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $90,390ADR $394Occ ≈ 63%4★ (1)

    Booking

  • Cozy Cabin/Amazing View/Hot Tub/Pools/Mini Golf/Pool Table/Arcade Games/Sleeps 8

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

    Revenue $66,991ADR $455Occ ≈ 40%—

    Delisted

  • Scenic Escape Luxury Cabin w/ Views, Hot tub, Golf

    Cabin · 3 bd · 2 ba · sleeps 9 · 0.4 mi

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

    Revenue $18,345ADR $370Occ ≈ 14%5★ (5)

    AirbnbVrboBooking

  • Fall Smoky Escape | Hot Tub, Pools, Mini Golf

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

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

    Revenue $51,754ADR $283Occ ≈ 50%4.8★ (34)

    AirbnbVrboBooking

  • 3BR Smoky Mountain Cabin | Hot Tub & Dollywood

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

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

    Revenue $40,645ADR $217Occ ≈ 51%4.9★ (49)

    AirbnbVrboBooking

  • A Walk in the Woods 3- Fall special rates

    Cabin · 3 bd · 2.5 ba · sleeps 10 · 0.4 mi

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

    Revenue $35,682ADR $240Occ ≈ 41%4.8★ (299)

    AirbnbVrbo

  • Family-friendly; Convenient w/ so many amenities!

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

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

    Revenue $49,547ADR $363Occ ≈ 37%4.9★ (168)

    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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium

Est. revenue

$66,413

NOI

$34,435

Cash flow /mo

-$2,628

Cash needed

$311,121

Cash-on-cash

-10.1%

ROE (yr 1)

1.3%

Cap rate

3.5%

DSCR

0.52

Year-1 write-off

$217,614

Year-1 tax shield @ 32%

$69,637

Year-1 return on equity

  • Cash flow (annual)-$31,536
  • Principal paydown$5,989
  • Appreciation at%$29,547
ROE1.3%

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)$13,283
  • Platform fees (3% of revenue)$1,992
  • Maintenance / capex (5% of revenue)$3,321
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$3,273
  • Insurance (STR-rated)$5,909

Cash needed to close

  • Down payment (25%)$246,225
  • Closing costs (4.0%)$39,396
  • Furnishing (bought new)$25,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$69,637

Property tax, insurance rate and the land/building split come from this listing's county tax record; 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

$914,000

Short-life (5/15-yr)

$191,000 · 21%

Year-1 deduction

$218,000

Year-1 tax shield @ 32%

$70,000

Land 7% (county tax record, market value split) · building $722,000 over 39 years · new furniture $26,000

Based on: 2,256 sq ft, built 2018, 3 bd / 2 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, stone counters, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $131,000 in year 1 (11% short-life, $42,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$139,900
  • Kitchen cabinetsdefault

    $10,700 new × 68% good × 2.57 allocation

    $18,800
  • Kitchen countertops (stone)listing

    $11,000 new × 68% good × 2.57 allocation

    $19,200
  • Decorative trimdefault

    $3,900 new × 68% good × 2.57 allocation

    $6,900
  • Mirrorsdefault

    $300 new × 40% good × 2.57 allocation

    $300
  • Shelvingdefault

    $1,200 new × 68% good × 2.57 allocation

    $2,100
  • Window coverings (23)default

    $5,800 new × 40% good × 2.57 allocation

    $5,900
  • Carpet, vinyl & laminate (100% of floors)listing

    $14,500 new × 40% good × 2.57 allocation

    $14,900
  • Kitchen & laundry equipment plumbingdefault

    $8,400 new × 84% good × 2.57 allocation

    $18,100
  • Kitchen, laundry & data equipment electricaldefault

    $5,100 new × 84% good × 2.57 allocation

    $10,900
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 40% good × 2.57 allocation

    $7,900
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.57 allocation

    $9,300
  • 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$76,900
  • Paving: driveway & walks (paved)listing

    $9,800 new × 68% good × 2.57 allocation

    $17,200
  • Landscaping (typical)default

    $9,500 new × 68% good × 2.57 allocation

    $16,600
  • Patiosdefault

    $2,200 new × 68% good × 2.57 allocation

    $3,900
  • Decks & porches (attached)listing

    $25,400 new × 60% good × 2.57 allocation

    $39,200
Building, 39-year$722,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $245,000 new × 87% good × 2.57 allocation

    $546,600
  • Building plumbing & fixturesdefault

    $25,400 new × 84% good × 2.57 allocation

    $54,900
  • Building electrical & lightingdefault

    $25,900 new × 84% good × 2.57 allocation

    $55,900
  • HVACdefault

    $25,400 new × 60% good × 2.57 allocation

    $39,300
  • Fireplacelisting

    $2,600 new × 68% good × 2.57 allocation

    $4,600
  • Septic systemlisting

    $12,000 new × 68% good × 2.57 allocation

    $21,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$139,900$76,900$800$217,600
2$0$0$18,500$18,500
3$0$0$18,500$18,500
4$0$0$18,500$18,500
5$0$0$18,500$18,500
6+$0$0$647,400$647,400
Total$139,900$76,900$722,300$939,100

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.