🏘️ 11 best short term rental opportunities | October 10, 2023

NC, HI, NY, MI, MI, TN, GA, ME, NY, MI, TN

Author

Alex Veytsman
October 10, 2023

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Happy Hiker is an adorable cabin nestled back in the woods of Sky Harbor. This rustic retreat gives you and your guests the ultimate Smoky Mountain vacation experience while conveniently located between Gatlinburg and Pigeon Forge to provide easy access to all the top attractions. This property is short term rental ready and grossed $72k in 2022 with a property manager.

  • $569,000

  • 2 Bedrooms, 2 Bathrooms

  • Average Daily Rate: $354

  • Expected occupancy rate: 63%

  • Monthly expected income: $6,784

  • Monthly expected expenses: $4,544

  • Monthly expected cash flow: $2,239

  • Expected cash on cash return: 17.3%

An excellent location and a beautiful wooded lot makes this fully furnished updated three bedroom three bath home near Crooked Lake, and ski resorts a destination for year round or seasonal use. The park like setting is a dream to come home to. From the detached garage you can travel through a covered breezeway which doubles for outdoor dining area to your front door. Two spacious bedrooms and a full bath complete the upper level. One bedroom, a full bath, kitchen, dining, living area and utility room fill out the main level. The lower level offers a family room with a Bilco door for entrance from the back yard, a full bath, and two rooms currently furnished like bedrooms without egress windows. Above the heated garage is a cute carriage house with a full bath, mini kitchen, living and bedroom area complete with it's own deck. Square footage includes the carriage house dimensions. There's plenty of room to house the entire family and then some here or it can be used as a great rental property. Come see for yourself! Buyers agent to verify all measurements and aspects in the MLS.

  • $395,000

  • 3 Bedrooms, 3 Bathrooms

  • Average Daily Rate: $323

  • Expected occupancy rate: 59%

  • Monthly expected income: $5,797

  • Monthly expected expenses: $3,855

  • Monthly expected cash flow: $1,942

  • Expected cash on cash return: 20.9%

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