Turned vinyl house into Smoky Mountain Cabin

[Matthew Peterson]

Investment Info:

Single-family residence buy & hold investment in Pigeon Forge.

Purchase price: $205,900
Cash invested: $150,000
Sale price: $953,700

843 Lloyd Huskey Rd Pigeon Forge Tn. House in Pigeon Forge, converted into cabin. Doubled square feet, gutted, renovated. Rented as STR for 2 years now under contract for sale. Before and After Pics attached.

What made you interested in investing in this type of deal?

Was Buying STR's in smokies. Bought this house, but figured it would do better as a "cabin". Rented as STR and did well for 1.5 yrs as a regular house near the pigeon forge strip. After renovation done, put it on market to sell. Contract in 4 hours over asking.

How did you finance this deal?

20% down, conventional 30 yr mortgage

How did you add value to the deal?

Complete exterior renovation to match the cabin look of the area.

What was the outcome?

$600K net gain.