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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.
Click for a Visual Tour

Commercial Space Available!
Affordable quality street level glass front office space just half a mile from traffic light number 10 on the Gatlinburg Parkway now available. All city utilities, free parking, 1,000 ft space with easy year round access, no interior or exterior steps, already finished and ready to rent! For full information about this quality commercial real estate 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!
 
 
 
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Country Living!

Bring the horses!! 1500 sf home in Sevierville with FIVE acres of land including some pasture now available for sale! 4 bedroom, 2 bath home with lots of extras including a mini-barn priced at only $125,000. For more information, please contact Jeff Schoenfield, Agent/Owner at
865-436-0444

NOW AVAILABLE - Free area foreclosed real estate listings information on ALL listed Gatlinburg 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!

For more information on our area and the most recent trends and statistics, check out our Gatlinburg real estate blog!