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Rate 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium

1264 Reedmont Way

1264 Reedmont Way

Sevierville, TN 37876

$1,195,000

5 bd · 4.5 ba · 3,214 sqft · Listed 2d ago

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

Year built

2025

Sqft

3,214

Lot sqft

436

HOA / mo

$199

Furnished

No

List date

2026-10-26T19:49:21.000000Z

Revenue

Annual revenue

$100,287

ADR

$478

Occupancy

57%

Cleaning fees (12 mo)

$23,799

Confidence

High (77.13), 29 comps

Comp revenue range (p25 / median / p75)

$91,789$102,330$108,297

Median revenue of shown comps: $102,303

  • Luxe stay, Sleeps 12・Indoor Pool・Hot Tub・Games

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 39 ft

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

    Revenue $69,464ADR $481Occ ≈ 40%4.5★ (320)

    AirbnbVrboBooking

  • Heated Indoor Pool, Theater, Game Room & Hot Tub

    Cabin · 5 bd · 4.5 ba · sleeps 16 · 315 ft

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +8

    Revenue $123,994ADR $707Occ ≈ 48%4.9★ (24)

    AirbnbVrbo

  • Indoor Pool • Golf SIM • Sauna • Hot Tub • Games

    House · 5 bd · 5 ba · sleeps 12 · 322 ft

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

    Revenue $45,890ADR $666Occ ≈ 19%5★ (14)

    AirbnbVrbo

  • Purpose Lodge: Indoor Pool, Games & Iconic Views

    Cabin · 5 bd · 4.5 ba · sleeps 16 · 338 ft

    Revenue $106,356ADR $652Occ ≈ 45%4.8★ (23)

    AirbnbVrboBooking

  • 5 BR|5 BA| Sleeps13|Game Room| Rooftop w Hot Tub |

    Cabin · 5 bd · 5 ba · sleeps 13 · 430 ft

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

    Revenue $98,279ADR $540Occ ≈ 50%4.7★ (31)

    AirbnbVrboBooking

  • Earth Lodge: Luxe Interior, Indoor Pool, Views

    House · 5 bd · 4.5 ba · sleeps 16 · 456 ft

    Revenue $114,448ADR $634Occ ≈ 49%5★ (28)

    AirbnbVrbo

  • Luxe stay, Sleeps 12・Indoor Pool・Hot Tub・Games

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 476 ft

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

    Revenue $123,719ADR $443Occ ≈ 77%4.5★ (28)

    Vrbo

  • Luxe stay, Sleeps 12・Indoor Pool・Hot Tub・Games

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 495 ft

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

    Revenue $121,973ADR $433Occ ≈ 77%3★ (3)

    Vrbo

  • Indoor Pool • Golf Simulator • Sauna • Movie Room

    Cabin · 5 bd · 4.5 ba · sleeps 16 · 0.1 mi

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

    Revenue $86,707ADR $628Occ ≈ 38%4.9★ (26)

    AirbnbVrboBooking

  • 5 BR|5 BA| Sleeps13|Game Room| Rooftop w Hot Tub |

    Cabin · 5 bd · 5 ba · sleeps 13 · 0.1 mi

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

    Revenue $97,132ADR $537Occ ≈ 50%4.8★ (32)

    AirbnbVrboBooking

Show 18 more
  • NEW! 5 BD|BA Luxe w/ Rooftop, Hot Tub, Game Room+

    Cabin · 5 bd · 5 ba · sleeps 12 · 0.1 mi

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

    Revenue $72,460ADR $826Occ ≈ 24%—

    AirbnbVrbo

  • Luxe Stay N Smokies W Indoor Pool ・Hot Tub・Games

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.2 mi

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

    Revenue $103,381ADR $434Occ ≈ 65%4.5★ (17)

    AirbnbVrbo

  • Luxe stay, Sleeps 12・Indoor Pool・Hot Tub・Games

    Cabin · 5 bd · 5 ba · sleeps 12 · 0.2 mi

    Revenue $134,942ADR $433Occ ≈ 85%5★ (2)

    Delisted

  • Luxe stay, Sleeps 12・Indoor Pool・Hot Tub・Games

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.2 mi

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

    Revenue $102,330ADR $397Occ ≈ 71%4.6★ (5)

    Vrbo

  • 5BR/5BA / Indoor Pool Rooftop Hot Tub/ Stunning Vi

    House · 5 bd · 5 ba · sleeps 12 · 0.2 mi

    Revenue $105,091ADR $578Occ ≈ 50%4.8★ (8)

    AirbnbBooking

  • 5BR Luxury Cabin・Pool・Near Dollywood / Water Parks

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.2 mi

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

    Revenue $106,173ADR $460Occ ≈ 63%4.8★ (20)

    AirbnbVrbo

  • Smokies Sunset Splash

    Cabin · 5 bd · 4 ba · sleeps 14 · 0.2 mi

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

    Revenue $131,707ADR $763Occ ≈ 47%5★ (28)

    AirbnbVrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $49,753ADR $527Occ ≈ 26%4.6★ (448)

    AirbnbVrboBooking

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $101,235ADR $393Occ ≈ 71%4.5★ (6)

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $100,246ADR $377Occ ≈ 73%4.4★ (18)

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $108,297ADR $397Occ ≈ 75%4.9★ (19)

    Vrbo

  • 5BR Luxury Cabin・Pool・Near Dollywood / Water Parks

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $61,290ADR $407Occ ≈ 41%—

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $95,690ADR $384Occ ≈ 68%4.8★ (5)

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $103,628ADR $372Occ ≈ 76%4.3★ (8)

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $102,275ADR $374Occ ≈ 75%3.4★ (8)

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

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

    Revenue $91,789ADR $359Occ ≈ 70%4.5★ (6)

    Vrbo

  • Modern Luxury・Pool, Hot Tub & Near Water Parks!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.3 mi

    Revenue $102,768ADR $387Occ ≈ 73%3.9★ (11)

    Vrbo

  • A Contemporary Spring Haven w Private Indoor Pool!

    Cabin · 5 bd · 4.5 ba · sleeps 12 · 0.4 mi

    Revenue $81,339ADR $489Occ ≈ 46%4.8★ (39)

    Airbnb

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 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium

Est. revenue

$100,287

NOI

$54,019

Cash flow /mo

-$2,119

Cash needed

$373,050

Cash-on-cash

-6.8%

ROE (yr 1)

4.8%

Cap rate

4.5%

DSCR

0.68

Year-1 write-off

$309,732

Year-1 tax shield @ 32%

$99,114

Year-1 return on equity

  • Cash flow (annual)-$25,423
  • Principal paydown$7,384
  • Appreciation at%$35,850
ROE4.8%

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)$20,057
  • Platform fees (3% of revenue)$3,009
  • Maintenance / capex (5% of revenue)$5,014
  • Utilities & supplies$4,200
  • HOA$2,388
  • Property tax$4,430
  • Insurance (STR-rated)$7,170

Cash needed to close

  • Down payment (25%)$298,750
  • Closing costs (4.0%)$47,800
  • Furnishing (bought new)$26,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$99,114

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

$1,016,000

Short-life (5/15-yr)

$282,000 · 28%

Year-1 deduction

$310,000

Year-1 tax shield @ 32%

$99,000

Land 15% (market default, no usable tax-record split) · building $733,000 over 39 years · new furniture $27,000

Based on: 3,214 sq ft, built 2025, 5 bd / 4.5 ba, unfurnished, listing features (pool, deck, fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $210,000 in year 1 (18% short-life, $67,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$119,700
  • Kitchen cabinetsdefault

    $12,800 new × 96% good × 1.55 allocation

    $19,100
  • Kitchen countertopsdefault

    $10,500 new × 96% good × 1.55 allocation

    $15,700
  • Decorative trimdefault

    $5,600 new × 96% good × 1.55 allocation

    $8,400
  • Mirrorsdefault

    $600 new × 92% good × 1.55 allocation

    $900
  • Shelvingdefault

    $1,800 new × 96% good × 1.55 allocation

    $2,700
  • Window coverings (32)default

    $8,000 new × 90% good × 1.55 allocation

    $11,200
  • Kitchen & laundry equipment plumbingdefault

    $10,000 new × 98% good × 1.55 allocation

    $15,200
  • Kitchen, laundry & data equipment electricaldefault

    $6,000 new × 98% good × 1.55 allocation

    $9,200
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 92% good × 1.55 allocation

    $11,000
  • Furniture bought newlisting

    $26,500 new × 100% good · bought separately

    $26,500
15-year land improvements$189,200
  • Paving: driveway & walks (paved)default

    $11,800 new × 96% good × 1.55 allocation

    $17,500
  • Landscaping (typical)default

    $11,300 new × 96% good × 1.55 allocation

    $16,800
  • Patiosdefault

    $3,200 new × 96% good × 1.55 allocation

    $4,700
  • Decks & porches (attached)listing

    $36,200 new × 95% good × 1.55 allocation

    $53,300
  • Pool (in-ground)listing

    $65,000 new × 96% good × 1.55 allocation

    $96,800
Building, 39-year$733,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $348,800 new × 98% good × 1.55 allocation

    $532,200
  • Building plumbing & fixturesdefault

    $36,200 new × 98% good × 1.55 allocation

    $55,100
  • Building electrical & lightingdefault

    $38,000 new × 98% good × 1.55 allocation

    $57,800
  • HVACdefault

    $36,200 new × 95% good × 1.55 allocation

    $53,400
  • Hardwood & tile floorsdefault

    $20,700 new × 96% good × 1.55 allocation

    $30,800
  • Fireplacelisting

    $2,600 new × 96% good × 1.55 allocation

    $3,900

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$119,700$189,200$800$309,700
2$0$0$18,800$18,800
3$0$0$18,800$18,800
4$0$0$18,800$18,800
5$0$0$18,800$18,800
6+$0$0$657,300$657,300
Total$119,700$189,200$733,300$1,042,200

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.