Airbnb Investment For Sale: 5-Bed Cabin in Sevierville

2787 Easy St Sevierville, TN 37876

$1,450,000 | 5 Bedrooms | 5 Bathrooms | 6.2% Cap Rate

‍I'm Interested in this Property

Listing Description

Listing: Awning - Redfin - Zillow

Airbnb Estimator: Awning

Market Data: Airbnb Market Data

Have you been looking for the perfect real estate investment opportunity for Airbnb? Look no further. We're presenting a fully renovated, turnkey 5-bedroom cabin located in Sevierville, TN. This property is ideal for Airbnb investors with its unique offerings and prime location. It features high-end finishes, a private indoor pool, and a movie theater, guaranteeing a luxury stay for guests. Furthermore, it is located close to popular attractions such as Dollywood and the Great Smoky Mountains National Park, driving demand and higher occupancy rates.

This 5-bedroom cabin in Sevierville represents a fantastic investment opportunity for Airbnb investors. Its full renovation, coupled with a rich array of features, ensures low maintenance costs and high customer satisfaction. Its location in a sought-after tourist destination means consistent demand and high occupancy rates, making it a profitable and sustainable investment. The property comes with the added advantage of a rental income guarantee, offering the investor a secure return on investment. Don't miss this chance to invest in a property that combines comfort, convenience, and profitability in one of the most popular tourist destinations in the country.

The Airbnb Investment Financials

How much does the home cost?

$1,450,000  

How much will it earn on Airbnb?

$14,200 per month

‍How much will it cost to furnish it?

The budget for furnishing the property at 2787 Easy St, Sevierville, TN 37876 is $52,170. This budget includes the cost of designing the space, purchasing furniture for the entire home, outdoor amenities, and the cost of shipping and assembling the furniture.

‍How much will it cost to renovate?

The estimated cost for renovation is provided in the information you provided and it is $5,000. This amount is allocated for additional repairs to improve the house's appearance and ensure that the property is rent-ready.

‍How much cash can you take home in the first year?

The projected cash flow in the first year for the property is $15,068. This amount takes into account the operating income and subtracts the operating expenses, including property tax, insurance, utilities, repairs/maintenance, property management fees, Airbnb fees, supplies cost, lawn care, pool and hot tub maintenance, internet and cable, and other expenses. Please note that these projections are based on a proprietary formula and may not account for all factors or market conditions.

‍What is the cap rate for this property?

The estimated cap rate is 6.2%.

‍All of the cap rates and returns for this property are estimates and are not intended as a guarantee of income or returns. Every investment has risks. It's important to discuss any investment, returns, regulations, laws and projections with a financial advisor, attorney or another fiduciary.

Sevierville Short-Term Rental Regulations

What are the short-term rental laws and regulations in Sevierville, Tennessee?

In Sevierville, Tennessee, short-term rentals are governed by a variety of regulations. According to the city's code of ordinances, short-term rentals are allowed in AR, HDR, TC, IC, TCL, and VA zones by default. They can also be permitted in MDR, AC, and HRO districts under certain conditions. If a rental property is located in the Medium Density Residential (MDR) zoning district, the City is required to notify all properties within a 100-foot radius of the proposed short-term rental​.

As for business license requirements, Sevierville mandates that Short-Term Operational Permits be obtained for such rentals. These permits are valid for one year and must be reapplied for annually​. The city also has specific building and housing standards that apply to short-term rentals, setting out minimum requirements for building design, maintenance standards, and health and safety measures. Both residential and non-residential properties might fall under these rules, so it's recommended to review these standards before applying for a permit​.

In terms of taxes, Sevierville levies a tax of 3% on the monthly net taxable proceeds from any short-term rental accommodation, such as hotels, motels, cabins, and any other rentals occupied by guests for less than 30 days​​. Additionally, it's important for landlords to be aware of other potential obligations. These can include rules set out in leases, condo board regulations, co-op rules, Homeowners Association (HOA) rules, or rules established by tenant organizations. To ensure compliance, it's advised to thoroughly read lease agreements and consult with landlords if applicable​.

Is there a moratorium in short-term rentals in Sevierville, Tennessee?

As of the latest information available, there is no moratorium on short-term rentals in Sevierville, Tennessee​.

Why Airbnb Guests Stay In Sevierville, Tennessee

Where is Sevierville, Tennessee?

Sevierville is a city located in eastern Tennessee, United States. It is situated in Sevier County and serves as the county seat. The city is nestled in the foothills of the Great Smoky Mountains and lies along the Little Pigeon River. Sevierville is approximately 25 miles (40 kilometers) southeast of Knoxville, the state's third-largest city. It is a popular tourist destination due to its proximity to the Great Smoky Mountains National Park and attractions like Dollywood, a theme park owned by country music singer Dolly Parton.

What is there to do in Sevierville, Tennessee?

• Great Smoky Mountains National Park: Sevierville is located near the entrance to the Great Smoky Mountains National Park, which offers breathtaking natural scenery, hiking trails, wildlife viewing, and scenic drives.
• Dollywood: This famous theme park, owned by Dolly Parton, is located in nearby Pigeon Forge, just a short drive from Sevierville. Dollywood features thrilling rides, live entertainment, music, shows, and delicious southern cuisine.
• Tanger Outlets: Shopaholics can enjoy a visit to the Tanger Outlets in Sevierville. It's a large outlet mall featuring numerous brand-name stores, offering a wide range of discounted shopping options.
• NASCAR SpeedPark: Located in Sevierville, this amusement park is a paradise for racing enthusiasts. It offers go-kart tracks, mini-golf, bumper boats, arcade games, and other family-friendly activities.
• Forbidden Caverns: Explore the underground beauty of Forbidden Caverns, located just outside Sevierville. Take a guided tour through the caverns and learn about their geological formations and history.
• Smoky Mountain Knife Works: Knife enthusiasts can visit this massive retail store in Sevierville. It offers an extensive selection of knives, outdoor gear, and collectibles.
• Helicopter Tours: Experience Sevierville and the Great Smoky Mountains from a unique perspective by taking a helicopter tour. Enjoy breathtaking aerial views of the mountains, forests, and scenic landscapes.
• Sevierville Golf Club: Golf enthusiasts can enjoy a round of golf at the Sevierville Golf Club, which features two championship courses surrounded by beautiful mountain views.
• The Tennessee Museum of Aviation: Located near the airport in Sevierville, this museum showcases an impressive collection of historic aircraft, including vintage airplanes and military jets.
• River Rafting and Tubing: Take a thrilling river rafting or tubing adventure on the Little Pigeon River. Several outfitters in the area offer guided trips for varying skill levels.

What kinds of people travel to Sevierville, Tennessee?

• Nature and Outdoor Enthusiasts: Sevierville's proximity to the Great Smoky Mountains National Park makes it a popular destination for nature lovers, hikers, campers, and wildlife enthusiasts. People seeking outdoor adventures, such as hiking, fishing, camping, and scenic drives, are drawn to the area.
• Families: Sevierville is a family-friendly destination. With attractions like Dollywood, amusement parks, go-kart tracks, mini-golf courses, and interactive museums, it offers plenty of entertainment options for families with children.
• Theme Park Enthusiasts: Dollywood, located in nearby Pigeon Forge, is a major draw for theme park enthusiasts. People who enjoy thrilling rides, live entertainment, shows, and festivals often visit Sevierville to experience Dollywood and other nearby theme parks.
• Shoppers: Sevierville is known for its shopping opportunities. The Tanger Outlets, offering a wide range of brand-name stores with discounted prices, attract shoppers looking for bargains on clothing, accessories, home goods, and more.
• Music and Entertainment Fans: Tennessee is renowned for its rich musical heritage, and Sevierville is no exception. Visitors interested in country music and live performances can enjoy shows and concerts in various theaters and music venues in the area.
• History and Culture Enthusiasts: Sevierville and the surrounding region have a unique cultural and historical heritage. Visitors interested in learning about the local history, including the early settlers and Appalachian culture, may explore museums, historical sites, and participate in heritage events.
• Food and Dining Connoisseurs: The region is known for its hearty Southern cuisine, including barbecue, comfort food, and traditional Appalachian dishes. Food enthusiasts visit Sevierville to savor authentic Southern flavors and indulge in delicious meals at local restaurants.
• Aviation and Military History Enthusiasts: The Tennessee Museum of Aviation in Sevierville attracts aviation enthusiasts and history buffs interested in exploring the collection of historic aircraft and learning about military aviation.

‍When are the busiest and slowest seasons for tourism in Sevierville, Tennessee?

Sevierville, Tennessee experiences varying levels of tourism throughout the year, with distinct busy and slow seasons. The busiest season for tourism in Sevierville is during the summer months from June to August. This period aligns with school vacations and offers warm weather, making it an ideal time for outdoor activities and family vacations. The region sees a surge in visitors during major holidays like Independence Day (July 4th) and Labor Day (first Monday in September), with attractions like Dollywood experiencing high attendance.

The spring (March to May) and fall (September to November) seasons, known as the shoulder seasons, also see a good amount of tourism but are generally less crowded compared to the summer months. During spring, visitors can enjoy pleasant weather, blooming flowers, and the chance to explore the Great Smoky Mountains National Park without the large crowds often present during the peak season. Fall offers vibrant foliage, creating a scenic backdrop for outdoor activities.

The winter season, from December to February, is typically the slowest period for tourism in Sevierville. Colder temperatures and occasional snowfall result in a decrease in visitor numbers. However, the holiday season, including Christmas and New Year's, brings some tourists to the area for festive events and holiday-themed attractions.

How far is Sevierville, Tennessee from the nearest airport?

Sevierville, Tennessee does not have its own airport. The nearest airport to Sevierville is McGhee Tyson Airport (TYS), located in Alcoa, Tennessee. The distance between Sevierville and McGhee Tyson Airport is approximately 40 miles (64 kilometers), and the driving time is typically around 45 minutes to 1 hour, depending on traffic conditions and the specific location in Sevierville you are traveling from. McGhee Tyson Airport is a regional airport serving the Knoxville metropolitan area and offers domestic flights from various airlines.

Are there any major events in Sevierville, Tennessee?

• Bloomin' Barbeque & Bluegrass Festival: This annual event typically takes place in May and features mouthwatering barbeque, live bluegrass music performances, craft vendors, and a Barbeque Cook-Off competition.
• Smoky Mountain Harvest Festival: Held from September through October, the Smoky Mountain Harvest Festival celebrates the arrival of autumn with fall-themed decorations, events, and activities throughout Sevierville and the surrounding area.
• Smoky Mountain Winterfest: Starting in November and continuing through February, Sevierville joins other nearby towns in the Smoky Mountain region to celebrate Winterfest. The festival includes dazzling holiday light displays, Christmas parades, live performances, and seasonal attractions.
• Sevier County Fair: This annual fair, typically held in early September, offers a range of entertainment such as carnival rides, live music, agricultural exhibits, contests, and food vendors.
• Bloomin' Barbeque & Bluegrass Summer Concert Series: As a lead-up to the Bloomin' Barbeque & Bluegrass Festival, Sevierville organizes a series of free summer concerts featuring bluegrass music performances in the weeks leading up to the festival.

What Airbnb amenities do guests expect and pay a premium for in Sevierville, Tennessee?

• Private Hot Tub or Pool: Having a private hot tub or pool is a sought-after amenity, especially for guests visiting Sevierville during the warmer months. It offers relaxation and a chance to unwind after a day of exploring the area.
• Scenic Mountain Views: Sevierville's location near the Great Smoky Mountains makes mountain views highly desirable. Properties that offer panoramic mountain vistas or overlook scenic landscapes often command a premium.
• Outdoor Living Spaces: Guests appreciate outdoor living spaces such as spacious decks, patios, or balconies. These areas can include comfortable seating, dining spaces, and grills, allowing guests to enjoy the fresh mountain air and picturesque surroundings.
• Fire Pit or Fireplace: Providing a fire pit or fireplace adds ambiance and warmth, particularly during the cooler months. Guests enjoy gathering around a crackling fire, roasting marshmallows, and creating a cozy atmosphere.
• Game Rooms and Entertainment: Airbnb properties that offer game rooms with features like pool tables, foosball, arcade games, or home theaters tend to attract guests who value entertainment options during their stay.
• Fully Equipped Kitchen: Many guests appreciate a fully equipped kitchen that allows them to cook meals and enjoy dining in. Modern appliances, ample cookware, and utensils are considered valuable amenities.
• High-Speed Internet and Entertainment Systems: Reliable high-speed internet access is a must for many guests who require connectivity for work or leisure purposes. Additionally, properties with entertainment systems, including large TVs, streaming services, and sound systems, are often preferred by guests seeking entertainment options.
• Pet-Friendly Accommodations: Sevierville attracts visitors who wish to bring their furry companions along. Being pet-friendly and providing amenities like fenced yards or pet-friendly trails can be a significant draw for guests traveling with pets.
• Accessibility Features: Guests with specific accessibility needs may seek accommodations with features like wheelchair accessibility, ramps, grab bars, or step-free entry. Properties with these amenities can cater to a broader range of guests.

From Listing to Airbnb

1. Place an offer on this property: If you have a local real estate agent forward them this email and let them know you are interested in the property. If you want help finding the best representation, simply reply to this email and request an agent. Awning will get in touch with it’s network of agents. It’s best to be qualified for a mortgage, here is a list of lenders that work with Airbnb investors.
2. Close on the property: Closing on this property should be simple. An agent will help you review the contract and confirm that everything in the inspection report makes this a good deal.
3. Renovate and furnish the property: This property is easy to renovate and furnish. Then you’ll need some items, which you can find in this Airbnb Host Checklist.
4. Gather necessary documents and permission: You’ll want to consult Tennessee Short Term Rental Laws. In most cases, you won’t require an attorney as the paperwork process is straightforward.

5. List the property on Airbnb: To list your property on Airbnb you’ll need a description, title and professional photography.
6. Manage the Airbnb: If you choose to self-manage the Airbnb you should not have much trouble finding reliable cleaners in the area.‍
7. Awning Management: If you choose to use Awning Property Management we can take care of gathering documents and list the property for you. You can learn more about Awning Property Management or reach our team by responding to this email.