Sevierville STR Investment Opportunity
$1,600,000
target home price
$200,000
cost per share
$306 / mo
estimated costs
$1,875 / mo
monthly income
Details
1037 Leslie Way, Sevierville, TN 37876
This Mountain Modern Airbnb sits in a gated community overlooking the Smoky Mountain National Park. This 3 bedroom, 4 bathroom, with indoor pool and floating outdoor hot tub will debut as a premier short term rental in the East TN market. The area is close enough to Dollywood, the Smoky Mountain National Park, Pigeon Forge, and Gatlinburg, but just far enough away for privacy and an unforgettable getaway. Exclusive Cabins LLC is building the premier Airbnb properties in the area and is offering 8 units of ownership to like minded investors looking to diversify their assets, participate with similar owners, generate passive income, and have a usage right to the property.
House Usage
- 8 shares total
- weeks a year per share
About the Organizer
Exclusive Cabins LLC was formed after the founders visited the area in 2018 and fell in love with area. We have strategically acquired key properties in the area and are developing the premier, mountain modern, properties. Our focus is developing all of our properties on the mountain that we believe hosts the most beautiful views in the county.
Amenities
- Fire place
- Game room
- Hot tub
- Pool
- Porch
House Rules
- No pets
- No firearms allowed
- Short term renting permitted
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Calculated Costs per Share
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ESTIMATED MONTHLY EXPENSES PER SHARE
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Total Expenses
$306
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ESTIMATED MONTHLY INCOME PER SHARE
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Monthly Income
$1,875
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Total Monthly Income
$1,875
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A good threshold for rental property investment is the 1% Rule (source). It states that you should only invest in rental property if you are reasonably confident that the property can rent for 1% of the sale price per month.
We’ve included that assumption here. It is critical that the group validate pricing, rental history, and future rental projections of any specific property before proceeding with a purchase. You can explore rental incomes of any property with this free estimation tool at Rabbu.com.