STR Chalet Investment in Gatlinburg TN

Investor · Knoxville TN · Member since 2020 · 11 posts · 6 votes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $270,000
Cash invested: $65,000
Sale price: $530,000

A fantastic STR property that went on to gross up to 60K a year annually.

How did you finance this deal?

Conventional Loan.

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Sarah Bojorquez
Real Estate Agent · Cincinnati OH, USA · Member since 2017 · 79 posts · 61 votes
4y
I love it! Was it an off market property? Congrats :)
0 Reply
Thomas Loaiza
OP
Investor · Knoxville TN · Member since 2020 · 11 posts · 6 votes
4y
Hi Sarah, I actually found it on Zillow the day it got listed and had my realtor make a decent offer within a few hours after that. At the time of purchase most 2 bed’s in Gatlinburg were going for around 275-300K, now that number is 500K+, crazy appreciation over the last year and a half here.
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Grant SchroederPro Member
Lender · OR ID AZ CA WA CO NV TN MT · Member since 2018 · 601 posts · 314 votes
4y
Thank you for sharing @Thomas Loaiza!
[email protected]541-231-1256
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