1851 Walker Trl
Sevierville, TN 37876
$650,000
2 bd · 2 ba · 1,469 sqft · Listed 1d ago
View on Realtor.com →Year built
2023
Sqft
1,469
Lot sqft
16,553
HOA / mo
$0
Furnished
No
List date
2026-10-22T22:19:43.000000Z
Revenue
Annual revenue
$52,298
ADR
$231
Occupancy
62%
Cleaning fees (12 mo)
$9,199
Confidence
Low (51.55), 49 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $52,577
3.4 mi to Pigeon Forge |Hot Tub|Fire Pit |Mtn View
Cabin · 2 bd · 2 ba · sleeps 8 · 220 ft
Revenue $28,147ADR $732Occ ≈ 11%5★ (208)
Delisted
Free Dollywood Tickets/DogFriendly/Secluded
Cabin · 2 bd · 3 ba · sleeps 6 · 226 ft
Revenue $53,781ADR $378Occ ≈ 39%4.7★ (38)
Gazebo! Private Mountain Top Views! Near Dollywood
Cabin · 2 bd · 1 ba · sleeps 6 · 499 ft
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $61,003ADR $228Occ ≈ 73%5★ (72)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Mountain luxury. 2 kings. Hot tub. Location! Cabin
| 2 bd · 2.5 ba · sleeps 8 | $54,327 | $335 | 44% | 5★ (100) | 138 ft | AirbnbVrbo |
3.4 mi to Pigeon Forge |Hot Tub|Fire Pit |Mtn View Cabin | 2 bd · 2 ba · sleeps 8 | $28,147 | $732 | 11% | 5★ (208) | 220 ft | Delisted |
Free Dollywood Tickets/DogFriendly/Secluded Cabin | 2 bd · 3 ba · sleeps 6 | $53,781 | $378 | 39% | 4.7★ (38) | 226 ft | Airbnb |
2BR mountain-view chalet with hot tub & large deck Cabin | 2 bd · 2 ba · sleeps 8 | $20,100 | $212 | 26% | 4.5★ (105) | 249 ft | AirbnbBooking |
Newly Built Mtn View Home, Sleeps 8・Hot Tub・Games Cabin
| 2 bd · 2 ba · sleeps 8 | $38,592 | $223 | 47% | 4.3★ (24) | 282 ft | AirbnbVrboBooking |
Gazebo! Private Mountain Top Views! Near Dollywood Cabin
| 2 bd · 1 ba · sleeps 6 | $61,003 | $228 | 73% | 5★ (72) | 499 ft | Airbnb |
Moonlight Ridge Cabin | 2 bd · 2 ba · sleeps 8 | $24,885 | $179 | 38% | 3.6★ (3) | 509 ft | AirbnbBooking |
Smoky Top | Near Pigeon Forge+Gburg | King Suites Cabin
| 2 bd · 2 ba · sleeps 4 | $17,252 | $210 | 23% | 4.8★ (9) | 509 ft | AirbnbVrboBooking |
Smoky Top Cabin Cabin | 2 bd · 2 ba · sleeps 8 | $45,210 | $528 | 23% | 4★ (3) | 0.1 mi | AirbnbBooking |
Moonlight Ridge | Near Pigeon Forge and Gatlinburg Cabin
| 2 bd · 2 ba · sleeps 4 | $14,405 | $234 | 17% | 4.8★ (6) | 0.1 mi | AirbnbVrboBooking |
Show 34 more
**Panoramic Views** *7 Minutes to Dollywood & Parkway * Best of the Best!
Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.1 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +5
Revenue $65,331ADR $274Occ ≈ 65%4.9★ (351)
Blue Tick Cabin: Luxury in Sevierville
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $5,175ADR $293Occ ≈ 5%5★ (36)
Delisted
SmokyRidge: StunningMountainView*HotTub*FirePit*2B
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +5
Revenue $55,521ADR $307Occ ≈ 50%5★ (6)
Peaceful Mtn Views*Theater*Games*Hot Tub*Firepit!
Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi
Revenue $16,358ADR $297Occ ≈ 15%3.4★ (3)
Delisted
Smoky Top by Avada Properties
Vacation home · 2 bd · 2 ba · sleeps 8 · 0.1 mi
Revenue $30,693ADR $167Occ ≈ 50%—
Gorgeous 2BD Cabin w/ Fireplace +HOT TUB +Arcade
Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi
Revenue $49,320ADR $227Occ ≈ 60%4.8★ (143)
Luxury cabin with breath taking View, minutes from Dollywood!
Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.1 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +5
Revenue $22,842ADR $222Occ ≈ 28%4.8★ (300)
Smokin` View, great view, great location
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $33,020ADR $180Occ ≈ 50%4.2★ (116)
Relaxing 2BD Cabin w/ VIEWS! Arcade & HOT TUB!
Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $47,122ADR $234Occ ≈ 55%4.7★ (136)
5 min to Dollywood | Private Modern Cabin for 8
Cabin · 2 bd · 2 ba · sleeps 8 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $28,282ADR $229Occ ≈ 34%5★ (50)
Private cabin near Dollywood
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $24,122ADR $215Occ ≈ 31%4.9★ (38)
MAJESTIC MTN views! 2BR2BA 12 min to PWY and Dollywood GAME ROOM with HOT TUB!
Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $54,944ADR $259Occ ≈ 58%5★ (443)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
**Panoramic Views** *7 Minutes to Dollywood & Parkway * Best of the Best! Cabin
| 2 bd · 2.5 ba · sleeps 8 | $65,331 | $274 | 65% | 4.9★ (351) | 0.1 mi | Vrbo |
Mountain views, hot tub, theater & arcade Cabin
| 2 bd · 2 ba · sleeps 8 | $65,766 | $251 | 72% | 4.9★ (33) | 0.1 mi | AirbnbVrboBooking |
Blue Tick Cabin: Luxury in Sevierville Cabin | 2 bd · 2 ba · sleeps 6 | $5,175 | $293 | 5% | 5★ (36) | 0.1 mi | Delisted |
Amazing Smoky Views Cabin
| 2 bd · 2.5 ba · sleeps 7 | $58,081 | $245 | 65% | 4.8★ (160) | 0.1 mi | AirbnbVrboBooking |
SmokyRidge: StunningMountainView*HotTub*FirePit*2B Cabin
| 2 bd · 2 ba · sleeps 6 | $55,521 | $307 | 50% | 5★ (6) | 0.1 mi | Airbnb |
Peaceful Mtn Views*Theater*Games*Hot Tub*Firepit! Cabin | 2 bd · 2 ba · sleeps 8 | $16,358 | $297 | 15% | 3.4★ (3) | 0.1 mi | Delisted |
New Cabin • Dollywood• Views • Hot Tub • Arcade Cabin
| 2 bd · 2.5 ba · sleeps 8 | $72,126 | $255 | 77% | 5★ (94) | 0.1 mi | AirbnbVrboBooking |
Smoky Top by Avada Properties Vacation home | 2 bd · 2 ba · sleeps 8 | $30,693 | $167 | 50% | — | 0.1 mi | Booking |
Modern! Near Dollywood! FirePit! HotTub! Mtn View! Cabin
| 2 bd · 2 ba · sleeps 6 | $69,683 | $286 | 67% | 4.9★ (97) | 0.1 mi | AirbnbVrbo |
Almost Heaven | Mountain Views | Pet Friendly Cabin
| 2 bd · 2 ba · sleeps 7 | $60,046 | $314 | 52% | 4.3★ (14) | 0.1 mi | AirbnbVrbo |
Gorgeous 2BD Cabin w/ Fireplace +HOT TUB +Arcade Cabin | 2 bd · 2 ba · sleeps 8 | $49,320 | $227 | 60% | 4.8★ (143) | 0.1 mi | Airbnb |
Luxury cabin with breath taking View, minutes from Dollywood! Cabin
| 2 bd · 2.5 ba · sleeps 6 | $22,842 | $222 | 28% | 4.8★ (300) | 0.1 mi | Vrbo |
A Smoky Mountain Dream: Home Theater & Game Room Cabin
| 2 bd · 2.5 ba · sleeps 8 | $90,037 | $336 | 73% | 4.5★ (7) | 0.2 mi | AirbnbVrbo |
Fall Break Getaway! Hot Tub! Close to Dollywood! Cabin
| 2 bd · 2 ba · sleeps 7 | $53,007 | $213 | 68% | 4.9★ (140) | 0.2 mi | AirbnbVrbo |
Smokin` View, great view, great location Cabin | 2 bd · 2 ba · sleeps 6 | $33,020 | $180 | 50% | 4.2★ (116) | 0.2 mi | Airbnb |
Breathtaking Views~Truly Unique! Cabin | 2 bd · 1 ba · sleeps 6 | $21,556 | $323 | 18% | 5★ (370) | 0.2 mi | AirbnbBooking |
Relaxing 2BD Cabin w/ VIEWS! Arcade & HOT TUB! Cabin | 2 bd · 2 ba · sleeps 8 | $47,122 | $234 | 55% | 4.7★ (136) | 0.2 mi | Airbnb |
5 min to Dollywood | Private Modern Cabin for 8 Cabin
| 2 bd · 2 ba · sleeps 8 | $28,282 | $229 | 34% | 5★ (50) | 0.2 mi | Airbnb |
Mountain views and quiet moments come naturally Cabin
| 2 bd · 1 ba · sleeps 6 | $75,070 | $294 | 70% | 4.9★ (186) | 0.2 mi | AirbnbVrbo |
TN Bear Den - Cozy vibes and a hot tub! Cabin
| 2 bd · 2 ba · sleeps 8 | $55,135 | $253 | 60% | 4.6★ (35) | 0.2 mi | AirbnbVrboBooking |
Private cabin near Dollywood Cabin
| 2 bd · 2 ba · sleeps 6 | $24,122 | $215 | 31% | 4.9★ (38) | 0.2 mi | Airbnb |
Spectacular Fall Views, Firepit, Pet Friendly Cabin
| 2 bd · 2 ba · sleeps 6 | $111,857 | $426 | 72% | 5★ (93) | 0.3 mi | AirbnbVrboBooking |
180° Mountain Views! Near Pigeon Forge & Dollywood Cabin
| 2 bd · 2 ba · sleeps 4 | $82,384 | $248 | 91% | 4.9★ (257) | 0.3 mi | AirbnbVrbo |
Ladybug Resort Romantic Cabin with Mountain Views Cabin
| 2 bd · 1 ba · sleeps 4 | $57,030 | $201 | 78% | 4.8★ (604) | 0.3 mi | AirbnbVrboBooking |
Theater, Smoky Mtn Views, Hot Tub + Free Tickets House
| 2 bd · 2 ba · sleeps 4 | $22,960 | $423 | 15% | — | 0.3 mi | AirbnbVrbo |
*VIEWS*Private HOT TUB! Mins to PF and Gatlinburg Cabin
| 2 bd · 2 ba · sleeps 6 | $48,309 | $196 | 68% | 5★ (247) | 0.3 mi | AirbnbVrbo |
Pigeon Forge Panorama*Incredible Mountain Views Cabin
| 2 bd · 2.5 ba · sleeps 6 | $74,943 | $312 | 66% | 5★ (1) | 0.3 mi | AirbnbVrbo |
Heaven's Garden: Views, Hot Tub, Great Location Cabin
| 2 bd · 2 ba · sleeps 6 | $66,525 | $278 | 66% | 4.4★ (18) | 0.3 mi | AirbnbVrbo |
Home Sweet Home Cabin
| 2 bd · 2 ba · sleeps 6 | $52,147 | $246 | 58% | 5★ (92) | 0.3 mi | AirbnbVrbo |
Private Getaway w/ Theater & Views Near Dollywood! House
| 2 bd · 2 ba · sleeps 8 | $74,992 | $296 | 69% | 4.8★ (52) | 0.3 mi | AirbnbVrbo |
MAJESTIC MTN views! 2BR2BA 12 min to PWY and Dollywood GAME ROOM with HOT TUB! Cabin
| 2 bd · 2 ba · sleeps 6 | $54,944 | $259 | 58% | 5★ (443) | 0.3 mi | Vrbo |
Near Dollywood Free Tickets Hot Tub Pool Table House
| 2 bd · 2 ba · sleeps 8 | $20,973 | $275 | 21% | — | 0.3 mi | AirbnbVrbo |
Serene Peak Cabin | 2 bd · 2 ba · sleeps 7 | $19,094 | $656 | 8% | — | 0.3 mi | AirbnbBooking |
A Starr Peak View: Resort Pool & Mountain Views Cabin
| 2 bd · 2 ba · sleeps 8 | $92,766 | $352 | 72% | 5★ (20) | 0.3 mi | 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
Est. revenue
$52,298
NOI
$25,502
Cash flow /mo
$2,125
Cash needed
$698,000
Cash-on-cash (all cash)
3.7%
ROE (yr 1)
6.4%
Cap rate
3.9%
DSCR
—
Year-1 write-off
$179,130
Year-1 tax shield @ 32%
$57,321
Year-1 return on equity
- Cash flow (annual)$25,502
- Principal paydown (n/a, cash)$0
- Appreciation at%$19,500
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)$10,460
- Platform fees (3% of revenue)$1,569
- Maintenance / capex (5% of revenue)$2,615
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,053
- Insurance (STR-rated)$3,900
Cash needed to close
- Purchase price (all cash)$650,000
- Closing costs (4.0%)$26,000
- Furnishing (bought new)$22,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$57,321
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
$608,000
Short-life (5/15-yr)
$157,000 · 26%
Year-1 deduction
$179,000
Year-1 tax shield @ 32%
$57,000
Land 6% (county tax record, market value split) · building $452,000 over 39 years · new furniture $22,000
Based on: 1,469 sq ft, built 2023, 2 bd / 2 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, stone counters, flooring types, appliance list, septic, wooded lot).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $108,000 in year 1 (14% short-life, $35,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $16,800
Kitchen cabinetsdefault
$9,000 new × 88% good × 2.12 allocation
- $17,200
Kitchen countertops (stone)listing
$9,200 new × 88% good × 2.12 allocation
- $4,800
Decorative trimdefault
$2,600 new × 88% good × 2.12 allocation
- $500
Mirrorsdefault
$300 new × 75% good × 2.12 allocation
- $1,700
Shelvingdefault
$900 new × 88% good × 2.12 allocation
- $5,600
Window coverings (15)default
$3,800 new × 70% good × 2.12 allocation
- $7,500
Carpet, vinyl & laminate (50% of floors)listing
$4,700 new × 75% good × 2.12 allocation
- $14,000
Kitchen & laundry equipment plumbingdefault
$7,000 new × 94% good × 2.12 allocation
- $8,500
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 94% good × 2.12 allocation
- $12,300
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 75% good × 2.12 allocation
- $13,400
Hot tub (freestanding)listing
$9,000 new × 70% good × 2.12 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $14,800
Paving: driveway & walks (paved)default
$7,900 new × 88% good × 2.12 allocation
- $7,100
Landscaping (minimal)listing
$3,800 new × 88% good × 2.12 allocation
- $2,700
Patiosdefault
$1,500 new × 88% good × 2.12 allocation
- $29,800
Decks & porches (attached)listing
$16,500 new × 85% good × 2.12 allocation
- $321,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$159,300 new × 95% good × 2.12 allocation
- $32,900
Building plumbing & fixturesdefault
$16,500 new × 94% good × 2.12 allocation
- $31,700
Building electrical & lightingdefault
$15,900 new × 94% good × 2.12 allocation
- $29,800
HVACdefault
$16,500 new × 85% good × 2.12 allocation
- $8,800
Hardwood & tile floorsdefault
$4,700 new × 88% good × 2.12 allocation
- $4,900
Fireplacelisting
$2,600 new × 88% good × 2.12 allocation
- $22,400
Septic systemlisting
$12,000 new × 88% good × 2.12 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $124,200 | $54,500 | $500 | $179,100 |
| 2 | $0 | $0 | $11,600 | $11,600 |
| 3 | $0 | $0 | $11,600 | $11,600 |
| 4 | $0 | $0 | $11,600 | $11,600 |
| 5 | $0 | $0 | $11,600 | $11,600 |
| 6+ | $0 | $0 | $404,800 | $404,800 |
| Total | $124,200 | $54,500 | $451,600 | $630,300 |
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.