Seller is willing to contribute to a rate buy down for buyer. This 3 bedroom with 4 bonus sleeping rooms, 4060 sq ft premier short term rental investment is perfectly located the smoky mountains resort area. Fully remodeled and furnished it has been designed to book out and cash flow with top line amenities like entertainment room for 10, pool table room, hot tub and multiple Master suites. This property allows an investor to fully book it out and still enjoy staying in the home. With a cap rate over 10 this offers a way to diversify your portfolio into the growing short term rental market. Projected income of $115,000 per year. Roughly $900-$1,100 in monthly expenses. Taxes are extremely low in Sevier County. 2022 taxes were under $1,000 for this property. Drone photography used. Video walkthru here: https://www.youtube.com/watch?v=3IqzOgIwRuM
Listing courtesy of Century 21 MVP.
/u.realgeeks.media/eliterealtygrouptn/ELITE_CIRCLE.png)