Selling 3/3 bedroom cabin to buy non-furnished 5/5 in Gatlinburg

[Anusha Udas]

Hello All, 

I have reached this decision making point and looking for advice. I have a very well performing 3 bedroom/2 bathroom cabin 5 minutes from downtown Gatlinburg. A great opportunity for a 5 bedroom/5 bathroom, non-furnished has come up. I would have to sell the 3 bedroom to get this 5 bedroom and then furnish it. With the cost being so high, and also the additional cost or financing of the furniture, the projected difference in cash flow is very little. I am already under contract for a different 5 bedroom cabin. Having never tested out the market for a 5 bedroom cabin for the entire year, would it be wise to consider selling the 3 bedroom for a second 5 bedroom without seeing how one would do?

I don't want to sell a well performing property but that is the only way to acquire the new 5 bedroom property. 

Generally, what does it cost to furnish a 5 bedroom house in your opinion?