Downtown Gatlinburg - walk to everything

$329,900
1
1
525
sq. ft.
$628
per sq ft
Heated sq ft: 525 sq ft
Avg Nightly Rate: $189
Home Legally Sleeps: 4
Occupancy Rate: 0 weeks
Annual Gross Income : 0
Annual Net Operating Income : 0
Property Type: Condo (high rise or low rise)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Mountain
New Construction: Inquire
Days on Vrolio: 350

Property Description

Beautiful renovated one bedroom, one bath condo in the heart of downtown Gatlinburg, walk to all the tourist favorites. Amazing location is a favorite of guests. Turnkey - rent ready now/ beautiful renovation. Everything is new.

Presented by:
Owner:
jeanna groome
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 399
Low: 159
Peak: 399
Special Event: 399
Avarage: 189.00
Furniture Age
Inquire
Est Value of Furnishings
$10,000
Peak & High Seasons
June, July, August, October
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Pursue other ventures
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
0
Net Operating Income
0
Stories
1
Additional Indoor Rooms
Living Room
Appliances
Dishwasher, Microwave, Refrigerator
Heating/Cooling
Wall Unit A/C, Wall Unit Heat
Floor Coverings
Other
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Low flow faucets/toilets
Year built
1987
Outdoor Features
Inground Pool, Inground Spa
View
Mountain
Backyard Exposure
North
Lot Size
Inquire
Community Features
Nature Trails/Walking Path, Restaurant(s), Stores
Tax Amount/Year
$500
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
Yes
Interview Required
No
Neighborhood Amenities
Nature Trails/Walking Path, Restaurant(s), Stores
Mandatory HOA
Inquire
Home Legally Sleeps:
4
Onsite Parking
Parking lot
Neighborhood Association STR Rules
HOA allows STR
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
$13.13
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
1 Year
Occupancy Rate
0
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Manager
Managed By
Manager
Management Bookings Percentage
$20.00
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
0 fee
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$65.00
Licesnes & Permits (Annual)
$200.00
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
Inquire
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$600.00
Water/Sewer (Annual)
Inquire
Cable/Interbet (Annual)
Inquire
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$500.00
Homeowner's Insurance (Annual)
$800.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
$1,920.00
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

RECALCULATE
Income
Average Nightly Rent

Weekly Rent

Potential Annual Rent

Weeks Rented (of 52)

Additonal Net Revenue Streams

Effective Gross Revenue

Effective Gross Rent

RECALCULATE
Variable Expenses (Annual)
Management Rental Commission (%)

Management Rental Commission Annually ($)

Credit Card Fee (%)

Credit Card Fee Annually ($)

Cleaning Fee ($ per rented wk)

Cleaning Fees Annually

Booking Site Service Fees (%)

Booking Site Service Fees ($)

Management Fee ($ per mo)

Management Fee Annually

Additonal Nightly Insurance Policy ($ per night)

Additonal Nightly Insurance Policy Annually

Sales, Bed, Resort, Tourist Tax (%)

Sales, Bed, Resort, Tourist Tax Annually ($)

RECALCULATE
Fixed Expenses (Annual)
Annual Permits/Licences

Advertising & Tech Costs

Yard and Pest Control

Pool Maintenance

Electricity

Water/Sewer

Cable/Internet

Accounting

Property Taxes

Homeowner's Insurance

Short Term Rental Insurance Rider

CDD fee

Annual Homeowners Association Dues

Additional Membership Fees

Maintenance Reserves/Supplies

Other

Fixed & Variable Expenses

RECALCULATE
Loan
Down Payment (%)

Down Payment (Capital Investment)

Loan Amount

Interest Rate

Amortization (Loan Years)

Monthly Payment

Annual Debt Service

RECALCULATE
Returns
Average Monthly Cash Flow

Annual Cash Flow

Cash-on-Cash Return

Annual Occupancy to Break Even

Break-Even Occupancy (Weeks)

Net Operating Income (NOI)

Cap Rate (ROI)

RECALCULATE

User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

LOCATION MAP VIEW

Data provided by property owner

The information featured here is supplied by third party resources. In some cases the owner directly will supply the data and in other cases third party listing sources. While we do everything in our power to ensure the information is as accurate as possible but we can in no capacity, guarantee the information sourced here is 100% accurate. All users should do their own due diligence and further research before engaging in a property purchase based on the data and information provided here. It is deemed reliable but not guaranteed. In many cases the information may not be verified further than the source that provided it to us. This includes all data and information shown about the properties, locations, regulations and any other details found here. Vrolio does not own, manage and is not in any way associated with in a real estate transaction capacity any of the properties shown here. Images are subject to copyright from owner and photographer. We do not own any of the images provided here. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in a property.