1540 Rainbow Ridge Way
About This Property
This fully furnished Sevierville cabin is already positioned as a strong short-term rental, with projections showing potential to reach $100,000+ gross revenue once fully optimized. Even better, there are approximately $21,500 in Q4 bookings that may transfer to the buyer, giving the next owner the opportunity to start with income already on the books -- with plenty of open dates still left to capture.
Tucked into a quiet Sevierville neighborhood just behind the Tanger Outlets, the location gives guests the best of both worlds: a true Smoky Mountain cabin feel with quick access to Dollywood, the Parkway, dining, shopping, and the attractions families come here for. Easy access, real privacy, and a proven rental location make this one a strong fit for investors looking for both guest appeal and operational simplicity.
Inside, 2,246 square feet across three levels provides the space and separation larger groups want. Two king suites, each with a jacuzzi tub and private bath, anchor the home, while two additional queen bedrooms each offer their own en-suite bath. Every bedroom functions as a private retreat -- a major selling point for multi-family groups and one of the layout features that can help command stronger nightly rates.
The great room delivers the mountain-lodge experience guests expect, with soaring cathedral ceilings and a floor-to-ceiling stacked-stone fireplace. The kitchen is built for gatherings, featuring granite countertops, stainless appliances, and ample cabinetry. Downstairs, the lower-level game room with arcade games, air hockey, extra seating, and a second fireplace gives guests another place to spread out and enjoy the cabin.
Outdoor living is just as important in the Smokies, and this cabin delivers with two covered back decks, a covered front porch, mountain views, outdoor dining, and a six-person hot tub -- the kind of spaces guests remember, review, and rebook for.
Recent updates, including the HVAC system and a new water heater, add peace of mind and help reduce surprises for the next owner. With transferable Q4 bookings, a rare four-suite layout, turnkey furnishings, strong projected upside, and a location guests already love, this cabin is well-positioned to keep performing from day one.
Ask for the current bookings, projections, and walkthrough video.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2026 | Price Decreased |
$742,500
↓ $3K
(0.3%) | |
| Price Decreased | |||
| Aug 20, 2026 | Listed by eXp Realty, LLC 7720 | $745,000 | |
| Listed by eXp Realty, LLC 7720 | |||
| Aug 1, 2026 | No longer available | - | |
| No longer available | |||
| Jul 11, 2026 | Price Decreased |
$744,999
↓ $5K
(0.7%) | |
| Price Decreased | |||
| May 30, 2026 | Price Decreased |
$749,999
↓ $5K
(0.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017