Investors know there are many variables to consider when you decide you would like to buy a cabin in the Smoky Mountains, or anywhere else for that matter! In the Smoky Mountains, one of the first things to consider is the location. You want a location that is popular to the visitors who come to the area. Our team, as your cabin experts, can help you know the pros and cons of each community and area along with the many cabin communities, to help you make a choice as to which location is right for you.
You will know the asking price of the cabin, and our team can likely provide you with gross rental income if the home has been on a regular short term rental program to provide that history. But, there is much more to know and understand. To create a performa that will give an idea of what to expect you will want to look further into the expenses incurred to purchase the cabin. Once you know the purchase price and the price of the cabin you will want to consider: Cleaning Fees, Occupancy Tax, Property Tax, Utility Costs, Insurance, Cable and Internet, Required Cabin Inventory and then your Debt Service. This will give you a general idea what to expect in the investment. Of course, these things can be affected by many variables so it is a first general look at what to plan for when you buy a short term rental cabin in the Smoky Mountains.
Amenities that affect income are: Mountain Views, Hot Tubs, Game Rooms, Nice Locations and more. Luxury homes are providing private indoor pools, movie rooms, entertainment areas and more.
Our team is well versed in the purchase and sale of vacation and STR cabins and we would welcome the opportunity to work with you and get you started in your dream to Own an STR Cabin in the Smoky Mountains.
https://www.themountleconteteam.com #yourcabinexperts #builtonintegrityandtrust