🏠 15 best short term rental opportunities | February 8, 2024


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This property is currently being used as an STR, is being sold turnkey at $480k and is featured in the Pro version of this newsletter. 👇

📈 Community Perks via The Offer Sheet

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I’m in touch with the owner with access to full rental history which I’ve seen and can confirm.

With a somewhat poor manager in place, this house still did the following in a non full year.

➡️ 2023 Actual Revenue (10 months): $73,157

➡️ 2022 Actual Revenue (9 months): $84,368 

➡️ Projected Revenue with proper management & full year estimate: $100-120k range

Contact Info: 

Owner: Andrew Schlicht

Realtor: Tamara Kim

Phone: 865-256-7538

Mention that The Offer Sheet sent you!

Welcome to your mountain sanctuary nestled within the exclusive and gated Shagbark subdivision! This charming 3-bedroom, 3.5-bathroom plus bonus room (rents as a 4-bedroom) cabin radiates a perfect blend of rustic elegance and modern comfort. Whether you're seeking a serene income-producing property or envisioning it as your dreamy vacation retreat, this haven offers an enticing blend of versatility and luxury.

Stepping inside, be enchanted by the warm embrace of the open-concept living area adorned with soaring ceilings, and a stunning stone fireplace, creating an inviting ambiance for cozy evenings or lively gatherings. Outside, the allure continues with multiple decks designed for relaxation or entertainment, providing a front-row seat to the beauty of nature.

Imagine unwinding in the bubbling hot tub, savoring the serene forest surroundings or hosting delightful barbecues with loved ones. Location couldn't be more perfect - just minutes away from the bustling parkway of Pigeon Forge, offering a plethora of entertainment, dining, and shopping options.

Designer home zoned C-3 for STR via Special Use Permit, and available furnished!    This house has a story! Recently relocated from a local church, this 1920s gem has been given a new life.   New plumbing & electric throughout the home in addition to a new foundation. Original hardwood floors have been refinished.    Upon entering the home you’ll find two spacious living areas; one of them staged as a work-from-home office. The dining room was wrapped in designer wallpaper and is the heart of the home.    New kitchen cabinets, Zellige tile backsplash, custom butcher block countertops, wall shelving & wall paint.   The 2 bedrooms received fresh wall/trim paint & custom window treatments. Bathroom received new floor tile, new bathroom vanity/plumbing, new toilet & wall paint.     The house sits on a large .20 acre lot, and has 350 linear feet of new fencing surrounding the property. Exterior was given a facelift with stucco repair, new paint & a new front porch. Fresh concrete strips for the driveway and new landscaping adds great curb appeal.

  • $295,000

  • 2 Bedrooms, 1 Bathrooms

  • Average Daily Rate: $266

  • Expected occupancy rate: 67%

  • Monthly expected income: $5,421

  • Monthly expected expenses: $3,209

  • Monthly expected cash flow: $2,212

  • Expected cash on cash return: 30.6%

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