$425,000
Avg. Purchase Price
$175
Avg. Nightly Rate
58%
Avg. Occupancy
mountain
Market Type
Pigeon Forge, home of Dollywood, is a family entertainment destination near the Smokies. The cabin rental market is well-established and growing.
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
-$136
-$1,634 / year after all expenses
Proceed with Caution
Break-even at 61% occupancy
Cash-on-Cash
-1.4%↓
Return on your cash invested
Cap Rate
5.6%–
NOI / Purchase price
Break-Even
61%–
Minimum occupancy needed
Turnovers/Year
71
212 nights occupied
Financial Summary
Annual Gross Revenue$45,568
Annual Expenses
Platform Fees$1,367
Property Tax$4,888
Insurance$1,700
Utilities$3,000
Maintenance Reserve$2,278
Cleaning Costs$8,520
Total Expenses$21,753
Net Operating Income$23,814
Annual Mortgage-$25,448
Annual Cash Flow-$1,634
Your Investment
Down Payment$106,250
Est. Closing Costs (3%)$12,750
Total Cash Needed$119,000
Loan Amount$318,750
Monthly Mortgage (P&I)$2,121
Pigeon Forge STR Market Highlights
- 1Dollywood theme park anchors tourism
- 2Smoky Mountain National Park gateway
- 3Well-established cabin rental market
- 4Family-friendly entertainment district
Seasonality in Pigeon Forge
Summer and fall are peak. Dollywood events drive shoulder season demand. Winter holidays are strong.
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Frequently Asked Questions
Market averages are estimates for educational purposes only. See full disclaimer