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Updated over 1 year ago,

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42
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15
Votes

Projections gut check - smokies

Posted

Sold as a 2bedroom 2bath with a small bonus area upstairs in the shagbark community. While it is a 2 bedroom , it actually has another room attached to the second bedroom - which has a double bed. It has a view of the smoky mountains . Has hot tub, shuffleboard , arcade games and we'll add other games. Sleeps 9 guests . I know shagbark is far as you want to go for an STR in the smokies. Owners have had it since Apr 2022 and will make $50k (but they have been using the place a lot)

My agent  thinks it can make $80k conservative but that feels too high to me as it’s 70% occupancy @ 300 ADR. Any gurus can help gut check ? 

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