Great 6 bedroom STR in Gatlinburg

[Doug Diamond]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $870,000
Cash invested: $200,000

6 Bedroom Property used a Short Term Rental in Gatlinburg, TN

How did you finance this deal?

I used a DSCR loan.

How did you add value to the deal?

This was a turnkey property, but I did update the furnishings and decor.

What was the outcome?

Made $100k in 5 months last year, and has appreciated at least $300k.