1236 Bird Nest Way , "Splash Mountai

Description

What an incredible opportunity to purchase a prolific rental cabin in the Smoky Mountains! "Splash Mountain Lodge" checks all the boxes for a successful short term rental - indoor pool, mountain view, theater, and convenient location. The rental income for this 4 bedroom cabin is as jaw dropping as the mountain view. In 2021, the cabin has bookings of $172,601 (277 nights booked), which is strictly rental revenue and does not include cleaning fees, taxes, or any other fees. It fared very well in 2020 as well producing $154,671 in rental income. The cabin really excels from a few unique and rare aspects including a screened porch serving as an outdoor game area, indoor pool with massive theater screen, and of course the mountain view quintessential to the Smokies. This "recipe for success" is located in Black Bear Ridge Resort which is convenient to Pigeon Forge and offers several different access points from back roads if tourism traffic happens to be heavy. The cabin was completed in 2017 and includes four bedrooms (one with queen over queen bunks and three with king sized bed) and four baths. Three levels of decks enable one to take in the mountain views from a variety of perspectives. The GRM (Gross Rental Multiplier) of 7.50 (at listing price) is far better than the vast majority of cabins listed in our market, creating a wonderful investment opportunity for a buyer.