|
|
Gatlinburg Area Community Virtual Tour!
Click on the photo below to view the tour that our daughter, Brittany Schoenfield, filmed of the Gatlinburg area including Pigeon Forge and Sevierville.
First Two Months Free!
1000 foot finished commercial space for rent in Gatlinburg. Free parking, newer construction, glass front building. All city utilities and only 1/2 mile from the Gatlinburg Parkway and the National Park entrance. Only $1,000 per month with a twelve month lease and option for more. For more information on this great bargain please contact Jeff Schoenfield (o/a) at 865-436-0444 or email us
|
|
| Chalet Rental
Pro-Forma |
|
Assumptions
|
|
|
|
|
Average Daily Rate
|
$124
|
|
|
|
Number of Nights
per Year
|
220
|
|
|
|
Rental Mgmt Expense
|
40.00%
|
|
|
|
Operating Expense
Rate
|
9.68%
|
|
|
|
Purchase Price
|
$120,900
|
|
|
|
Down Payment
|
$30,000
|
|
|
|
Amount Financed
|
$90,900
|
|
|
|
|
Annual
|
Monthly
|
|
|
Mortgage Payment
(P&I only)
|
$7,368
|
$614
|
|
|
Home Owner's Association
|
$240
|
$20
|
|
|
Insurance Allocation
|
$500
|
$42
|
|
|
Utilities (Elec.,
Phone, Cable)
|
$1,500
|
$125
|
|
|
Property Taxes
|
$400
|
$33
|
|
|
Mortgage (PITI)
& Fees
|
$10,008
|
$834
|
|
|
Results
|
|
|
|
|
Annual Gross
|
$27,280
|
$2,273
|
|
|
Less Management
Fees
|
$10,912
|
$909
|
|
|
Net Pre Operating
Expenses
|
$16,368
|
$1,364
|
|
|
Operating Expenses
|
$2,640
|
$220
|
|
|
Net Available to
Service Mortgage
|
$13,728
|
$1,144
|
|
|
Mortgage Obligation
(P&I Only)
|
$7,368
|
$614
|
|
|
Net after Debt
Service & Expenses
|
$6,360
|
$530
|
|
|
Repairs & Maintenance
|
$1,000
|
$83
|
|
|
Net pre-tax
|
$5,360
|
$447
|
|
| In
addition to owning your own Smoky Mtn getaway, there are tax
advantages as well. Please
consult a tax professional for details. All houses are different,
and not all properties perform this well. Remember, past
performance does not guarantee future results. |
| Mortgage
rate & terms are subject to availability, this example assumes
7.25%, 30 year mortgage. |
| |
FOR PERSONAL SERVICE AND/OR INFO ON ANY
SEVIER COUNTY PROPERTY,
CALL JEFF OR KAREN AT
1-800-818-8133 or E-mail us!
|
| |
|
|
| |
Each RE/MAX
Office is independently owned and operated
All Rights Reserved Jeff and Karen Schoenfield
Web site design and graphics © 1999-2012 Prism Designs |
|
|
|
|
|
Free!! - View Every Area Foreclosure & Short Sale!
FREE area foreclosed real estate listings information on ALL listed Gatlinburg, Sevierville, Pigeon Forge, Kodak, and surrounding area bank owned properties and possible short sales is now available right here on our site! For more information about which of these properties are actually the most attractive investments please email us at Jeff@GatlinburgHomes.com Sold data for residential Gatlinburg area sales are now (once again) posted online. Our area's real estate market is constantly changing and you can learn all about our Gatlinburg real estate market's current conditions in our blog! To view actual MLS sales records for Gatlinburg real estate and the rest of the Great Smoky Mountains including Gatlinburg, Pigeon Forge, Sevierville, Kodak, and all of Sevier County, click here!
|
|
|
