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Updated almost 2 years ago, 01/02/2023
Do people like losing money in the Smoky Mountains?
How does anyone buying in the Smoky Mountains make money buying today?
$1M purchase price and $125k in revenue
P/I/T payments run -$78k/yr (assuming 8% interest rate and 80% LTV)
Cleaning fees -$20k/yr
OpEx - $30k/yr
Total = $128k expenses
-$3k in cash flow.
Do people like losing money or am I missing something?