High-ROI 5-Bedroom Log Cabin for Airbnb Investors

1120 Eagle Pointe Sevierville, TN 37863

$1,499,000 | 4 Bedrooms | 5 Bathrooms | 6.4% Cap Rate

‍I'm Interested in this Property

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Listing: Awning - Redfin - Zillow

Airbnb Estimator: Awning

Market Data: Airbnb Market Data

Welcome to your dream log cabin nestled in the breathtaking Smoky Mountains! This stunning home boasts 4 bedrooms and 5 baths with huge, long-range views of both Cove Mountain and Mt LeConte that will leave you in awe. With three levels, a theater room that comfortably seats 15, and a game room complete with bunk beds and wet bar, this cabin offers ample space for entertaining friends and family. Each bedroom has its own balcony overlooking the stunning views and is complete with a gas fireplace and an en-suite bathroom featuring a jet tub and shower. Bedrooms four and five are located on the lower level, with deck access to the lower gazebo where the hot tub is located, offering a tranquil retreat after a long day of exploring the mountains.

This property is situated on a sprawling 2.5-acre lot, providing you with ample space and privacy to relax and enjoy the stunning natural surroundings. The cabin's secluded location ensures privacy, with only one neighbor in sight, the Magnolia Wedding Venue, which even helps generate bookings for the cabin!

This property is a strong rental performer, with an impressive average of 260 nights per year booked from 2017-2022 and a rental projection of $177,000, making it a fantastic investment opportunity for anyone looking to capitalize on the high demand for Smoky Mountain rentals.

Its central location places you less than 3 miles from the Pigeon Forge Parkway, a 14-minute drive to Dollywood, and just 15 minutes to Gatlinburg. The home is not part of an HOA (no restrictions) and is not located in a flood zone. The renovation cost estimate is just $5,000, which includes some additional repairs to improve the house's appearance and to ensure the property is rent-ready.

The home is not only fully furnished and we estimate furniture costs of $51,080 that includes the cost of designing the space, the cost of the furniture throughout the entire home, outdoor amenities that are shown to increase average daily rates (ADR) and the cost of shipping and assembly of furniture.

Don't miss your chance to own this spectacular Smoky Mountain log cabin and experience the ultimate mountain lifestyle.

‍I'm Interested in this Property

The Airbnb Investment Financials

How much does the home cost?

$1,499,000

How much will it earn on Airbnb?

$14,200 per month

‍How much will it cost to furnish it?

According to our estimate the furnishing estimate is $51,080. This includes the cost of designing the space, the cost of furniture throughout the entire home, outdoor amenities that are shown to increase average daily rates (ADR), and the cost of shipping and assembly of furniture.

‍How much will it cost to renovate?

The renovations will cost an estimated $5,000 to cover some additional repairs to improve the house's appearance and ensure the property is rent-ready.

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

Based on the Awning Analysis provided, the estimated first-year cash flow for this property is $18,362. This takes into account the estimated monthly Airbnb revenue of $14,200, minus operating expenses such as property tax, insurance, utilities, repairs/maintenance, property management, Airbnb fees, supplies cost, lawn care, and pool/hot tub maintenance. It also takes into account the estimated mortgage payments for the property.

‍What is the cap rate for this property?

The estimated cap rate is 6.4%.

‍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.

Houston Short-Term Rental Regulations

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

A short-term rental unit in Sevierville is defined as a residential dwelling that is rented for less than 30 continuous days, including cabins, houses, condominiums, and apartments. However, it is important to note that a short-term rental unit is not a hotel or a bed and breakfast establishment.

To start a short-term rental in Sevierville, an applicant must apply for a Zoning Compliance Certificate. The City of Sevierville website provides step-by-step instructions on obtaining a permit for a short-term rental, which can be found on the left panel of their website.

It is also worth noting that Sevierville has a Code Enforcement department to ensure that all short-term rental properties comply with the city's regulations.

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

There is no information indicating that there is a 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 is approximately 30 miles southeast of Knoxville, the third-largest city in Tennessee. Sevierville is a popular tourist destination due to its proximity to the Great Smoky Mountains National Park and attractions such as 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 Great Smoky Mountains National Park, one of the most visited national parks in the US. The park offers breathtaking scenery, hiking trails, wildlife viewing, and more.
• Dollywood: Dollywood is an amusement park owned by country music star Dolly Parton. The park features roller coasters, live entertainment, and various other attractions.
• NASCAR SpeedPark: This amusement park offers go-kart racing, mini-golf, bumper boats, and other fun activities.
• Titanic Museum Attraction: This museum offers a unique opportunity to experience the history of the Titanic through interactive exhibits and artifacts.
• Tanger Outlets: Sevierville is also known for its shopping, and the Tanger Outlets are a popular destination for bargain hunters.
• Wilderness at the Smokies: This resort features indoor and outdoor water parks, a spa, and other amenities.
• Forbidden Caverns: These underground caverns offer a guided tour through stunning geological formations and history.
• Sevierville Golf Club: This golf course is surrounded by beautiful mountain views and offers a challenging course for golf enthusiasts.
• Applewood Farmhouse Restaurant and Grill: Enjoy Southern hospitality and home-cooked meals at this popular restaurant.
• The Comedy Barn Theater: This theater offers family-friendly comedy shows, magic shows, and more.

What kinds of people travel to Sevierville, Tennessee?

• Families: Sevierville is a family-friendly destination with plenty of activities and attractions that cater to all ages. Families often come to Sevierville to enjoy the Great Smoky Mountains National Park, amusement parks, water parks, and other family-friendly activities.
• Outdoor Enthusiasts: Sevierville is surrounded by beautiful natural scenery, including the Great Smoky Mountains National Park. Outdoor enthusiasts often come to Sevierville for hiking, fishing, camping, and other outdoor activities.
• History Buffs: Sevierville has a rich history, and visitors interested in history often come to explore the various historic sites, such as the Forbidden Caverns and the Titanic Museum Attraction.
• Foodies: Sevierville is known for its Southern cuisine, and visitors often come to enjoy the local food, including BBQ, fried chicken, and other traditional dishes.
• Shopaholics: Sevierville is home to several outlet malls, including the Tanger Outlets, which offer a wide variety of shopping options at discounted prices.
• Music Fans: Sevierville is located in the heart of the Smoky Mountains, which has a rich musical heritage. Visitors interested in music often come to Sevierville to explore the local music scene, attend concerts, and learn about the area's musical history.

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

Sevierville, Tennessee is a popular tourist destination that experiences fluctuations in its tourism industry throughout the year. The busiest season for tourism in Sevierville is typically during the summer months, from June to August. During this time, the warm weather and school vacation time make it an ideal time for families to visit the area and enjoy outdoor activities such as hiking, water parks, and amusement parks. Additionally, fall (September to November) and winter (December to February) are also peak seasons, as visitors come to see the fall foliage and enjoy winter activities like skiing.

On the other hand, the slowest season for tourism in Sevierville is typically during the spring months, from March to May. During this time, the winter season has ended, and the weather is unpredictable, with some days being warm and others being cool. Moreover, school is still in session during this time, so families with children may not be able to travel.

‍How far is Sevierville, Tennessee from the nearest airport?

Sevierville, Tennessee, is served by two airports: McGhee Tyson Airport (TYS) and Gatlinburg Pigeon Forge Airport (GKT). Here are the distances and travel times from Sevierville to each airport:

1. McGhee Tyson Airport (TYS): McGhee Tyson Airport is located in Alcoa, Tennessee, approximately 36 miles (58 kilometers) southwest of Sevierville. The travel time between Sevierville and McGhee Tyson Airport is approximately 45 minutes by car.
2. Gatlinburg Pigeon Forge Airport (GKT): Gatlinburg Pigeon Forge Airport is located in Sevierville, Tennessee, just 6 miles (9.6 kilometers) north of Sevierville. The travel time between Sevierville and Gatlinburg Pigeon Forge Airport is approximately 15 minutes by car.

Both airports offer domestic flights to several major cities in the United States. McGhee Tyson Airport is the larger of the two airports and offers a wider range of flight options, while Gatlinburg Pigeon Forge Airport offers smaller regional flights.

Are there any major events in Sevierville, Tennessee?

• Bloomin' Barbeque & Bluegrass: This annual event takes place in May and features a BBQ cook-off competition, live bluegrass music, and a variety of food and craft vendors.
• Smoky Mountain Harvest Festival: This festival runs from September through November and celebrates the fall season with pumpkin patches, hayrides, and live entertainment.
• Smoky Mountain Winterfest: This event takes place from November to February and features millions of holiday lights and displays throughout Sevierville, Pigeon Forge, and Gatlinburg.
• Dolly Parton's Stampede: This dinner theater show features horse riding stunts, live music, and a four-course meal. It runs year-round and is a popular attraction in Sevierville.
• Sevier County Fair: This annual event takes place in August and includes carnival rides, agricultural exhibits, and live entertainment.

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

• Wifi: In today's digital age, guests typically expect to have access to wifi during their stay, and some may be willing to pay extra for high-speed internet.
• Air conditioning and heating: Guests expect to be comfortable during their stay and may pay extra for properties that offer air conditioning and heating.
• Kitchen facilities: Many Airbnb guests prefer to cook their own meals during their stay, so kitchen facilities such as a stove, refrigerator, and microwave may be essential amenities.
• Parking: Guests who are driving to the rental may expect free or low-cost parking, and those who are renting a car may be willing to pay extra for a reserved parking spot.
• Outdoor space: Guests may be willing to pay extra for outdoor space such as a patio, balcony, or yard, where they can relax and enjoy the scenery.
• Hot tub or pool: Amenities such as a hot tub or pool can be popular with guests and may come at a premium.

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.