Nov '24 • Interesting Deals
Interesting Property! 24% Cash on Cash Return in Smoky Mountains
Here's an interesting "turnkey" property my wife Amanda and I discovered in Pigeon Forge that could do very well!
459 Sugar Mountain Way, Pigeon Forge, TN 37863
4 Bed
3 Bath
1,864 SF
1.5 miles from Pigeon Forge Parkway
List Price:
- $715,000
Revenue Projections from Agent:
- $114K - $135K
Revenue Projections from strIQ
- 50th percentile: $114K
- 75th percentile: $125K
- 90th percentile: $139K
Revenue Projections from AirDNA
- $97K (average revenue)
Matt's Underwriting Projections:
- 24% Projected Cash on Cash Return
- $38K in Annual Net Cash Flow (after financing and operating expenses)
- $3.16K in Monthly Net Cash Flow (after financing and operating expenses)
Other
- Potential ~$75K in Tax Write Offs for 2024
- Fun place to take your family in the Smoky Mountains!
Want to discuss more? Reach out to me and we can analyze this further.
-Matt
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Interesting Property! 24% Cash on Cash Return in Smoky Mountains
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