Sevierville Mountain View Cabin Portfolio

This property presents a compelling opportunity for investors seeking scale and operational efficiency in the Smoky Mountains STR market. The dual-cabin setup, with a combined sleeping capacity for large groups, caters to both family and group travel segments, enhancing booking flexibility and revenue potential. The portfolio's recent gross rental income and high guest ratings support the income assumptions, and recent capital improvements reduce near-term maintenance risk. The primary caveat is the premium pricing relative to recent comparable sales, which places pressure on continued high occupancy and ADR performance to justify returns.

Sevierville, TN is a core market for Smoky Mountain short-term rentals, benefiting from strong regional tourism and group travel demand. The property type—a dual-cabin portfolio with high guest capacity—positions it well for both family and group bookings. The market has demonstrated resilience, but performance is closely tied to continued tourism strength and regulatory stability. Confidence in income projections is high given the provided rental history, though future performance should be monitored for shifts in demand or competition.

The property's panoramic mountain views and proximity to core Smoky Mountain attractions are likely to appeal to vacationing families and groups seeking a scenic, amenity-rich retreat. The residential character and guest experience are supported by high guest ratings and repeat bookings. While detailed location-specific demand signals are limited, the combination of views, amenities, and guest capacity suggests strong ongoing appeal at a moderate-to-high confidence level.

At a $1,174,000 purchase price, underwriting projects a monthly expected income of $16,766 and cash flow of $6,699, with a 34.2% cash-on-cash return based on a 20% down payment, 6.4% interest, and 25% expense ratio. These figures are supported by recent gross rental revenue and assume a 65% occupancy rate at an $848 ADR. The investment thesis is highly sensitive to occupancy and ADR; any softening in demand or increased competition could materially impact returns. The absence of management fees in the model assumes self-management or highly efficient operations.

Asking sits within the modeled range.