All Forum Posts by: Saranya Sundararajan

Property at $565K cathedral ceiling, log cabin, 2 bedroom 3 bath + a small area in the loft. community has picnic area, pool, etc. Gatlinburg Golf Course in 2 min drive 9 min walk and Dollywood in 6 min drive. has hot tub (but doens't every property lol)

they are saying it did $92K last year and i saw the report. looking at nearby on awning and airdna rentalizer etc these numbers feel very inflated!

0 Votes

Quote from @Mack Lengel:

Quote from @Saranya Sundararajan:

$750k property 1112 sq ft with view in the smokies 1 bedroom + loft with a killer view.The property grosses 85-95K a year. Have asked for 2019 numbers

my gut tells me nahhhhhhh. It’s wayyyyyy overpriced

Yeah, I just put a 2-2 modern A-frame under contract for 590k that should do around 75-85k a year so I would say you could do better than that!

that sounds like a good deal! congrats!

1 Vote

Quote from @Konstantin Ginzburg:

I would say that is a very extreme risk to take for an STR in a market that is at at saturation or likely over-saturation at this point. Especially if you are using revenue numbers from 2019. The few years since then have seen a huge rise in STR investment across the country with the Smokey's being one of those flooded markets. I can't imagine that property being able to break even if you are forced to convert it into a medium or long term rental if the STR market is either to saturated for you to break into at the moment or vacation rentals continues to decline as they had over the last few months. For me personally, that would represent a high risk deal with minimal risk mitigation built into the deal.

Appreciate your perspective. Definitely not going for this property

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Quote from @Mack Lengel:

Quote from @Saranya Sundararajan:

$750k property 1112 sq ft with view in the smokies 1 bedroom + loft with a killer view.The property grosses 85-95K a year. Have asked for 2019 numbers

my gut tells me nahhhhhhh. It’s wayyyyyy overpriced

Yeah, I just put a 2-2 modern A-frame under contract for 590k that should do around 75-85k a year so I would say you could do better than that!

That’s encouraging!

1 Vote

Quote from @Travis Timmons:

Do your own research and find the next hot market. And in case you were wondering, asking a stranger on an online forum does not count as research.

Cooool. Thanks

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Quote from @Jaron Walling:

I don't have any experience with vacation STR properties, but from a 10,000ft. view paying $750K for a 1 bed, plus a loft, makes no sense. Even if the property pencils out strongly today the potential downside (economic slow down, recession, etc.) is to great for me to stomach. We could conservatively buy 4-5 cash-flowing LTR in my market, wouldn't have the stress of chasing 5 star reviews, cleaning, and minor issues are the tenants responsibility.

By your market, do you mean Indianapolis?

1 Vote

Quote from @Bruce Woodruff:

I agree with the other guys.....way too much for what you get. I'd find the next 'hot market' and forget about the existing ones...they are all over-saturated.

Thanks for the honest truth. Do you happen to have a recommendation

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Quote from @Collin Hays:

Quote from @Saranya Sundararajan:

$750k property 1112 sq ft with view in the smokies 1 bedroom + loft with a killer view.The property grosses 85-95K a year. Have asked for 2019 numbers

my gut tells me nahhhhhhh. It’s wayyyyyy overpriced

Shoot me the address and I’ll tell you what it will do in a normal year.

Sent it to your email!

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$750k property 1112 sq ft with view in the smokies 1 bedroom + loft with a killer view.The property grosses 85-95K a year. Have asked for 2019 numbers

my gut tells me nahhhhhhh. It’s wayyyyyy overpriced

2 Votes

Quote from @Bishoy Gaid:

Hi all,

I have been an Airbnb host for 7+ years and am currently exploring Philly. I love the area and plan to settle down there long-term soon. I was wondering if any hosts here would be down to chat. Happy to buy you coffee and connect online)

Hi! We are looking at this area as well. If you want to chat, we can exchange our research :)

0 Votes

Philadelphia, Pennsylvania

All Forum Posts by: Saranya Sundararajan

Saranya Sundararajan has started 9 posts and replied 42 times.

Post: Need help gut checking financials

Post: What do you think of this deal?

Post: What do you think of this deal?

Post: What do you think of this deal?

Post: What do you think of this deal?

Post: What do you think of this deal?

Post: What do you think of this deal?

Post: What do you think of this deal?

Post: What do you think of this deal?

Post: Connecting with Airbnb hosts in the Philly area