All Forum Posts by: Saranya Sundararajan

At what selling price does the potential $50k income work out, mathematically? Follow this property and you might see a buyer who figured it out and a seller who recognizes it. 

Well then, you found the answer to support your decision. I wonder what would happen if you put in an offer using $45k -$50k as the income. Did the sellers buy high, did they renovate or update, are they in too much and would they be willing to sell at a loss? 

$45K based on pre-COVID, which is where we are now.  Frankly, there's a lot of hot air out there right now over how much people are making.  Believe it at your financial peril.

I manage 28 properties, from Wears Valley to Cosby and all points in between, and there aren't ANY 2 bedroom cabins knocking down $80K in 2023.  I personally own a premium 2 bedroom luxury cabin, right on the Roaring Fork River in downtown Gatlinburg.  It's not going to do $80K this year.  Heck, it might not reach $70.

Let's get real, guys.

Maybe, maybe not. It doesn’t seem low at $300 for a sleep 6 or a sleep 9. Now that you turned it down, what was the asking price?

The adr is down this year but your agent is still right about the projections. The other investor doesn’t self manage besides, even in this different market, if your purchase price works with the $80k projections, you’ll have your answer. If that includes paying a pm you’ll get a different answer. Check Airdna. 

The adr is down this year but your agent is still right about the projections. The other investor doesn’t self manage besides, even in this different market, if your purchase price works with the $80k projections, you’ll have your answer. If that includes paying a pm you’ll get a different answer. Check Airdna. 

That sounds right and we’ve had similar numbers. We’ve owned a 2 br 2 ba cabin in Shagbark since 2018 and is not “too far” at all. The cabins are not crowded next to each other and it’s under a five mile drive on scenic roads to PG. Close and secluded. Marketed right, and depending on the price, that will return well.

@Zach Edelman Supply is not going down if those properties are being bought by other short term rental investors. Though I'm just watching from the sidelines, it appears that the Smokies market has shown a tolerance for buying at a 5-10% cash on cash return. This crash in prices that folks are hoping for just isn't coming.

I would this is right on. 

I have a 2 bed that will gross about 80k this year and it has no view at all. 

@Saranya Sundararajan

What was it making in 2018 and 2019. I would not go off of covid numbers.

Why? Look at every chart related to almost anything (not only real estate) and you see this huge spike in 2020-2023 and now everything is in steep decline.