| Gatlinburg has a small but thriving community of | | | | homeowner or homeowner association can hire a |
| property owners. The 2000 census estimated that | | | | Gross annual rental income can easily reach $25,000 |
| 3,300 people live year-round in Gatlinburg. Every year, | | | | to $85,000 a year. Depending on the size of |
| there are hundreds of Gatlinburg cabins for sale and | | | | mortgage payment and rental income, positive net |
| many new buildings continue to be developed. | | | | cash flow can reach $4,000 to $11,000 in the first |
| The purchase of Gatlinburg cabins has picked up in | | | | year alone. This projection does not even take into |
| recent years as more people view second homes as | | | | account the fact that the market value of a |
| profitable investment alternatives. Indeed, most of | | | | Gatlinburg cabin may appreciate over time. Many |
| the cabins sold in Gatlinburg each year are bought | | | | cabin owners have experienced appreciation of 7% |
| with rental income in mind. In considering where to | | | | to 14% a year! |
| buy a rental cabin, one benefit of Gatlinburg is its | | | | In addition to being a fantastic investment |
| prime location - within a day's driving distance of half | | | | opportunity, there are many advantages other of |
| the American populace. | | | | purchasing a Gatlinburg cabin. A Gatlinburg cabin |
| Even when purchasing a Gatlinburg cabin, no good | | | | makes a wonderfully relaxing second-home and |
| investment comes without a cost. Down payments | | | | convenient summer getaway. Many Gatlinburg cabins |
| tend to run between 10% and 20% of the full price | | | | for sale are embedded in communities that boast |
| of the cabin, which typically ranges from $225,000 to | | | | features such as swimming pools, clubhouses, and |
| $500,000. Loans incurred in the purchase of a | | | | central patios. Gatlinburg is extremely hospitable to |
| Gatlinburg therefore range anywhere from $175,000 | | | | pets as well as children of young families. There are |
| to $425,000. Total annual expenses - including | | | | several nearby attractions within a short drive, such |
| mortgage, rental management fees, utilities, property | | | | as Dollywood, Ober Gatlinburg, and Ripley's Aquarium |
| taxes, insurance, association dues, annual tourist | | | | of the Smokies. |
| residency permits, and repairs and maintenance - can | | | | There are several Gatlinburg cabin associations and |
| run from $30,000 to $75,000 a year. | | | | realtors online who can assist you directly with the |
| Now for the good news: rental income offsets the | | | | buying process. |
| cost of purchasing a Gatlinburg cabin. An individual | | | | |