$450,000
Avg. Purchase Price
$185
Avg. Nightly Rate
55%
Avg. Occupancy
mountain
Market Type
Gatlinburg is the gateway to Great Smoky Mountains National Park, the most visited national park in the US. Cabin rentals dominate this family-friendly market.
Property Details
$
Total property acquisition cost
%
%
years
$
Average rate per night
%
Expected annual occupancy
$
Per turnover
nights
%
Airbnb/VRBO service fee (typically 3%)
$
Annual
$
Annual
$
Monthly average
$
Monthly
%
% of revenue
%
% of revenue (0 if self-managing)
Monthly Cash Flow
-$285
-$3,422 / year after all expenses
Proceed with Caution
Break-even at 61% occupancy
Cash-on-Cash
-2.7%↓
Return on your cash invested
Cap Rate
5.2%–
NOI / Purchase price
Break-Even
61%–
Minimum occupancy needed
Turnovers/Year
67
201 nights occupied
Financial Summary
Annual Gross Revenue$45,514
Annual Expenses
Platform Fees$1,365
Property Tax$5,175
Insurance$1,800
Utilities$3,000
Maintenance Reserve$2,276
Cleaning Costs$8,375
Total Expenses$21,991
Net Operating Income$23,523
Annual Mortgage-$26,945
Annual Cash Flow-$3,422
Your Investment
Down Payment$112,500
Est. Closing Costs (3%)$13,500
Total Cash Needed$126,000
Loan Amount$337,500
Monthly Mortgage (P&I)$2,245
Gatlinburg STR Market Highlights
- 1Gateway to most visited national park in America
- 2Cabin-style properties are the market standard
- 3Dollywood theme park adds family tourism draw
- 4Fall foliage season (October) sees premium rates
Seasonality in Gatlinburg
Peak October (fall foliage) and summer. Holiday weekends are strong. January-February are slowest.
Gatlinburg STR Regulations
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VRBO Calculator
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Frequently Asked Questions
Market averages are estimates for educational purposes only. See full disclaimer