Need STR advice

[Rudy Schmidt]

Hi everyone this first time posting and need some advice on a current STR we are looking at.

We are looking at a4 bedroom A frame in Ober Gatlinburg.

We own a condo in Pensacola beach (2 bedroom, on beach/ gulf side, but building is bit aged, but actual condo is nice ) of course we are in the Down season there, but we are def not hitting our target. (Occupancy rate, etc)

We are scared to make this jump into gatlinburg, bc it is a big price (we gave them asking price, with seller paying closing)

My question is: do you think we should make this jump? Is this market as reliable as we hear? We have to hit about 85 gross to break even. Our fantastic agent thinks it will gross 115-120 a year, but we are gunshy bc we aren’t hitting our projections in Pensacola beach.

What’s yalls gut!!?!? Thank you for your time and opinion!!!!

[Leslie Anne Morris]

Quote from @Myrtle Mike Thompson:

Quote from @Leslie Anne Morris:

Over $85k for sure. I have an ROI calculator you can play with that I created for my property management company. Happy to share the link.

@Leslie Anne Morris I'd love to view your calculator if you don't mind sharing the link!

Join.joshscabinsmanagement.com