AirBNB rental in Sevierville/ Pigeon Forge/ Gatlinburg

[Alex M.]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $485,000
Cash invested: $120,000

Two 1bed+loft/2bath cabins with 100-mile views on the same title. Began self-managing to grow connections in the region.

How did you finance this deal?

Traditional financing as a 2nd home.

How did you add value to the deal?

Some light improvements and superior self management

What was the outcome?

We turned the gross revenues from $9k in July of 2017 (when managed by the cabin rental companies) to $14K for July of 2018 while self managed.