All Forum Posts by: Jigar Kadakia

@Justin Beasley, what do you think of Lake Haven Cabins - they are around 25 mins from Sevierville, and around 45 mins from Gatlinburg...any feedback?

@Ken Boone, the agent did inform me about the drop during the winter season. Also, the plots only around the waterline are like for $200K to $250K premium....not thinking of spending that much additional cash.

Was looking for a basic plot that goes for $100K and then have a 2BR/2BA on it.

@David New, makes sense, will inquire on the property management options - also wanting to self manage - it might be a deal breaker.

Financially, I am thinking a 2 BR / 2BA standard home would do around 80% annually when compared to 2 BR / 2BA in the Gatling area? What are your thoughts?

Thanks Joshua, I am thinking of investing into a 3 BR /3BA and making it a STR.

Any one have invested in the new cabins being constructed at Lake Haven on Douglas Lake? They have different types of cabins w/ finished basement and pool - also the prices changes as per the plot selected.

I am looking for STR investment opportunity? Has anyone done research / analysis around the same? Please share.

Thanks @Ryan Moyer, will post it in STR forum.

@Allen McGlashing my plan for the units is:

New Construction Cost = $600K

Furniture and interiors = $35K

Total outlay = $635K and will finance with a lender @ ~30% DP

Have it on STR - use local PM company - estimating around 35% fee

I expect NOI = ~$25K - see sheet below

My question is - market wise does this make sense - in the current market do we have any better opportunity? My intent for new construction was to keep maintenance cost and unknowns low.

Please advise - newbie in the area for 2nd investment.

See below the image of the potential build.

@Allen McGlashing, looking around, gross rents for comparables is around $60K

As everyone knows the market in the Gatlinburg area is quite heated up- I got interested in a new construction cabin and made an offer at asking price. Need advice from experts out here in the forum -

3 Bed / 2 Bath

Chatlet Village

~1450 sq. Ft.

Total price $600K @5% down

Only appliances included, no furniture included. 

2 floors, with 2 Beds on main level and master on 2nd level. Open floor plan, with large windows and deck (w/ hot tub)

Property to be ready in 8 months and at that time finance the same with my lender.

Please advice. Targeting to make it a STR.