2081 Kerr Rd. Sevierville, TN 37876
$1,170,000 | 3 Bedrooms | 4 Bathrooms | 6.0% Cap Rate
I'm Interested in this Property
Listing: Awning - Redfin - Zillow
Airbnb Estimator: Awning
Market Data: Airbnb Market Data
Welcome to your chance to own an incredible income-producing cabin in the heart of Sevierville, TN! This fully furnished, 3-bedroom, 4-bathroom log cabin boasts over 3,900 square feet of living space with stunning views of the Great Smoky Mountains from every level.
Whether you're looking for a traditional or vacation rental property, this cabin has the potential to generate an estimated $132,000 per year in rental income, as estimated by Awning. And with the furnished furniture included and an additional $5,000 estimate to replace or add new items, you'll be ready to start generating income from day one!
Enjoy the ultimate in cabin living with features such as a full-size movie room, indoor pool with half bath, private hot tub, game area, bunk bed area, large master suite, and decks on every level. You'll be just minutes away from Downtown Sevierville, dining, attractions, Douglas Lake, and shopping, as well as the Island in Pigeon Forge, Dollywood, Smoky Mountain Alpine Coaster, Gatlinburg, and Great Smoky Mountains National Park.
Take advantage of this incredible investment opportunity before it's too late! Call today to schedule a showing with Awning Agent Humberto Marquez, who has four years of real estate experience and actively invests himself. Don't wait - this cabin won't be on the market for long!
The Airbnb Investment Financials
How much does the home cost?
$1,170,000
How much will it earn on Airbnb?
$11,100 per month
How much will it cost to furnish it?
According to the listing information, the property already comes fully furnished, and Awning estimates a $5,000 furnishing expense to replace or add additional items. Therefore, there may not be an immediate need to spend additional money to furnish the property.
How much will it cost to renovate?
Based on the information provided, the estimated renovation cost is $8,000, which includes replacing carpets and making additional repairs to improve the appearance of the house and ensure it is rent-ready.
How much cash can you take home in the first year?
According to the Awning Analysis provided, the estimated monthly revenue from renting out this property as a vacation rental is $11,100. The estimated operating expenses for the first year are $62,651, which includes property tax, insurance, utilities, repairs and maintenance, property management, and other expenses. The mortgage payment for the property is estimated to be $63,774 for the first year.
Based on these numbers, the estimated cash flow for the first year would be $6,775. This means that you could potentially take home $6,775 in cash after paying for all operating expenses and mortgage payments for the property in the first year. However, it's important to note that these estimates are based on a variety of assumptions and may not reflect the actual results you could achieve.
What is the cap rate for this property?
The estimated cap rate is 6.0%.
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?
According to the official website of the City of Sevierville, a short-term rental unit is a residential dwelling that is rented for less than 30 continuous days. To start a short-term rental business in Sevierville, it is required to obtain a zoning compliance certificate from the City of Sevierville. The website also provides a step-by-step guide on obtaining a permit for a short-term rental, which includes information on how to apply for a zoning compliance certificate, obtain a business license, and register with the City's finance department.
Additionally, the City of Sevierville has certain laws and regulations regarding short-term rentals that must be followed. These laws and regulations aim to protect the quality of life for residents and visitors in the community. Some of the regulations include occupancy limits, parking requirements, noise restrictions, and compliance with building codes and safety standards. The City also has a Code Enforcement division that oversees the enforcement of these regulations.
It is important to note that a short-term rental unit is not considered a hotel or a bed and breakfast establishment. Therefore, the regulations and laws that apply to hotels and bed and breakfast establishments may not apply to short-term rentals.
Overall, to start a short-term rental business in Sevierville, Tennessee, it is required to obtain a zoning compliance certificate from the City of Sevierville and follow the regulations and laws set forth by the City to ensure the quality of life for residents and visitors in the community.
Is there a moratorium in short-term rentals in Sevierville, Tennessee?
There is no indication that there is a moratorium in short-term rentals in Sevierville, Tennessee.
Why Airbnb Guests Love Sevierville, Tennessee
Where is Sevierville, Tennessee?
Sevierville is a city located in eastern Tennessee, in the United States. It is situated in Sevier County, approximately 30 miles southeast of Knoxville, and is part of the Knoxville Metropolitan Area. Sevierville is known as the hometown of country music superstar Dolly Parton, and it is also a popular tourist destination due to its proximity to the Great Smoky Mountains National Park and various amusement parks and attractions.
What is there to do in Sevierville, Tennessee?
- Great Smoky Mountains National Park: Sevierville is located near the Great Smoky Mountains National Park, which is a popular destination for hikers, nature enthusiasts, and anyone who wants to experience the beauty of the Appalachian Mountains.
- Dollywood: Dollywood is a theme park owned by country music superstar Dolly Parton. It features rides, shows, and attractions that celebrate the music and culture of the Smoky Mountains.
- Tanger Outlets: Tanger Outlets is a large shopping center with over 100 stores, including many popular brands like Nike, Gap, and Michael Kors.
- Titanic Museum Attraction: This museum is dedicated to the famous ocean liner and features exhibits that tell the story of the Titanic's ill-fated maiden voyage.
- Wilderness at the Smokies: This water park and resort is a popular destination for families. It features indoor and outdoor water parks, as well as other activities like mini-golf and go-karts.
- Sevier County Fair: The Sevier County Fair is an annual event that takes place in Sevierville. It features carnival rides, games, live music, and other entertainment.
- NASCAR SpeedPark: This amusement park features go-karts, mini-golf, bumper boats, and other family-friendly attractions.
- Apple Barn Winery: This winery offers tastings and tours of its facilities, as well as a gift shop where visitors can purchase local wines and other products.
- Old Mill Square: This historic area of Sevierville features a working grist mill, as well as shops, restaurants, and other attractions.
- ATV tours: Visitors can take ATV tours through the Smoky Mountains and explore the area's scenic trails.
What kinds of people travel to Sevierville, Tennessee?
- Outdoor enthusiasts: Sevierville is located in the foothills of the Great Smoky Mountains and offers plenty of opportunities for hiking, fishing, kayaking, and other outdoor activities.
- Families: Sevierville is a popular family vacation destination due to its many family-friendly attractions and activities, such as Dollywood, Splash Country, and WonderWorks.
- Couples: Sevierville is also a popular romantic getaway spot, with its scenic mountain views, cozy cabins, and quaint downtown area.
- History buffs: Sevierville has a rich history, and visitors interested in the area's past can visit sites like the Bush's Beans Visitor Center, the Sevier County Heritage Museum, and the Tennessee Museum of Aviation.
- Shoppers: Sevierville is home to the Tanger Outlets, which offer a wide variety of name-brand stores and designer outlets.
- Foodies: Sevierville is known for its Southern cuisine, and visitors can enjoy local specialties like fried chicken, biscuits and gravy, and sweet tea.
When are the busiest and slowest seasons for tourism in Sevierville, Tennessee?
The busiest season for tourism in Sevierville, Tennessee is typically during the summer months of June, July, and August. This is when families with school-aged children have their summer vacations and often choose to visit the Smoky Mountains and surrounding areas. The fall season, particularly October, is also a busy time due to the colorful foliage and various fall festivals.
The slowest season for tourism in Sevierville is typically during the winter months of December, January, and February. The colder weather and potential for snow can deter some visitors, although the area is still popular for winter activities such as skiing and snowboarding. The months of March, April, and May can also be slower, as the weather can be unpredictable and many families are focused on the end of the school year.
How far is Sevierville, Tennessee from the nearest airport?
Sevierville is served by two airports. The closest commercial airport is McGhee Tyson Airport (TYS), located in Knoxville, Tennessee, which is about 30 miles away from Sevierville. The other airport is Gatlinburg Pigeon Forge Airport (GKT), which is a smaller regional airport located about 6 miles south of Sevierville.
Are there any major events in Sevierville, Tennessee?
- Bloomin' BBQ & Bluegrass Festival: This annual event takes place in May and features live bluegrass music and a barbecue competition.
- Smoky Mountain Winterfest: From November to February, Sevierville is transformed into a winter wonderland with millions of twinkling lights, seasonal decorations, and holiday events.
- Smoky Mountain Harvest Festival: This festival celebrates the beauty of fall in the Smoky Mountains and takes place from September to November. It features hayrides, corn mazes, pumpkin patches, and other autumnal activities.
- Dolly Parton's Stampede Christmas Dinner & Show: This popular holiday attraction is a dinner show featuring acrobats, live animals, and a festive Christmas theme.
- Sevierville's Bloomin' Barbeque & Bluegrass Summer Concert Series: This concert series takes place throughout the summer and features free live music in downtown Sevierville.
- Wilderness Wildlife Week: This annual event in May celebrates the natural beauty and wildlife of the Smoky Mountains with guided hikes, workshops, and lectures.
What Airbnb amenities do guests expect and pay a premium for in Sevierville, Tennessee?
- Hot tub: A hot tub is a popular amenity in Sevierville, especially for those looking to relax after a day of outdoor activities. Guests are willing to pay extra for a private hot tub on the property.
- Mountain views: Sevierville is situated in the beautiful Smoky Mountains, and many guests are looking for a property that offers stunning views of the mountains.
- Fireplace: A fireplace can add a cozy touch to any rental property, and is especially popular during the colder months.
- Game room: A game room with a pool table, foosball, or arcade games can be a great source of entertainment for families with children.
- Outdoor space: Guests in Sevierville often want to spend time outdoors, so a property with a patio, deck, or outdoor seating area can be very appealing.
- Wi-Fi and entertainment systems: Many guests expect high-speed Wi-Fi and access to streaming services like Netflix or Hulu.
- Pet-friendly: Sevierville is a pet-friendly destination, so properties that allow pets can be very attractive to guests who want to bring their furry friends along.
From Listing to Airbnb
- 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.
- 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.
- 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.
- 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.
- List the property on Airbnb: To list your property on Airbnb you’ll need a description, title and professional photography.
- 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.
