Gatlinburg has a small but thriving community of property owners. The 2000 census estimated that 3,300 people live year-round in Gatlinburg. Every year, there are hundreds of Gatlinburg cabins for sale and many new buildings continue to be developed.
The purchase of Gatlinburg cabins has picked up in recent years as more people view second homes as profitable investment alternatives. Indeed, most of the cabins sold in Gatlinburg each year are bought with rental income in mind. In considering where to buy a rental cabin, one benefit of Gatlinburg is its prime location ? within a day's driving distance of half the American populace.
Even when purchasing a Gatlinburg cabin, no good investment comes without a cost. Down payments tend to run between 10% and 20% of the full price of the cabin, which typically ranges from $225,000 to $500,000. Loans incurred in the purchase of a Gatlinburg therefore range anywhere from $175,000 to $425,000. Total annual expenses ? including mortgage, rental management fees, utilities, property taxes, insurance, association dues, annual tourist residency permits, and repairs and maintenance ? can run from $30,000 to $75,000 a year.
Now for the good news: rental income offsets the cost of purchasing a Gatlinburg cabin. An individual homeowner or homeowner association can hire a Gross annual rental income can easily reach $25,000 to $85,000 a year. Depending on the size of mortgage payment and rental income, positive net cash flow can reach $4,000 to $11,000 in the first year alone. This projection does not even take into account the fact that the market value of a Gatlinburg cabin may appreciate over time. Many cabin owners have experienced appreciation of 7% to 14% a year!
In addition to being a fantastic investment opportunity, there are many advantages other of purchasing a Gatlinburg cabin. A Gatlinburg cabin makes a wonderfully relaxing second-home and convenient summer getaway. Many Gatlinburg cabins for sale are embedded in communities that boast features such as swimming pools, clubhouses, and central patios. Gatlinburg is extremely hospitable to pets as well as children of young families. There are several nearby attractions within a short drive, such as Dollywood, Ober Gatlinburg, and Ripley's Aquarium of the Smokies.
There are several Gatlinburg cabin associations and realtors online who can assist you directly with the buying process.
gatlinburg cabins info provides information on Gatlinburg cabins, Gatlinburg cabin rentals, properties for sale, weddings and related topics. Gatlinburg Cabins Info is the sister site of gatlinburg cabins info.
The Algarve, and particularly the areas around Carvoeiro, Albufeira, Praia... Read More
Motels became prominent in the United States after the advent... Read More
You've thought and dreamed about it for months, planning each... Read More
Everybody knows someone who has been on one and an... Read More
Orlando is calling to you and your family to come... Read More
A chalet is a traditional Swiss style house with a... Read More
Considering a romantic or family Costa Rica vacation? You're choosing... Read More
Following the horrendous events on Boxing Day 2005 The Maldives... Read More
Spent a fantastic trip going down the Oregon Coast to... Read More
What are your chances of getting the vacation of a... Read More
The Costa del Sol has long been one of the... Read More
Summer vacations - what better topic could there be for... Read More
As a family, we have been visiting Orlando since 1998,... Read More
Have you ever done something spontaneous? Are you in love... Read More
So you may be asking yourself, why would I want... Read More
Real Estate in an area like Punta Cana is hot... Read More
The county of Dorset on England's south coast is a... Read More
Each year, over two million people find their way to... Read More
This may seem like a very strange title for an... Read More
The Amazonat Jungle Lodge is offering in addition to her... Read More
As beautiful and modern as Cozumel is, visitors must remember... Read More
If a vacation, as defined by a dictionary is: 'leisure... Read More
Bahamas house rental or a hotel? Vacation rentals are becoming... Read More
Enjoy your own luxurious lifestyle in our beautifully furnished, air... Read More
The secret treasure of Davenport's and Kissimmee's townhouses.Though usually Orlando... Read More
The county of Dorset on England's south coast is a... Read More
A beautiful and inexpensive place without a tourist in sight.... Read More
Thailand is a popular golf paradise and home to many... Read More
Disney Area Lodging DealsThe Orlando area communities of Lake Buena... Read More
There are many wonderful resorts with tons of activity in... Read More
The Amazonat Jungle Lodge is offering in addition to her... Read More
What is a villa? Come to Orlando, Florida to find... Read More
Tip #1 : Buy a beach front Caribbean villa! ... Read More
Are you thinking of travelling Abroad?You will surely want to... Read More
That time of the year is finally here. You know... Read More
Within Volusia County, Florida, the small community of Ormond Beach... Read More
Three major cascades at Havasu Creek create a landscape that... Read More
Many times, when we plan a vacation, we know where... Read More
The Bahamas serve as the perfect relaxation destination. With pristine... Read More
More than one million tourists visit Costa Rica each year.... Read More
Work-rate, health and even personal relationships may be affected if... Read More
So you may be asking yourself, why would I want... Read More
Welcome to Washington, DC - The nation's capital is a... Read More
Considering a romantic or family Costa Rica vacation? You're choosing... Read More
Orlando is calling to you and your family to come... Read More
Choosing a condo in Maui is definitely a great investment.... Read More
For many decades Gatlinburg has been a favorite resort getaway... Read More
Scam artists pose as potential renters everyday on many different... Read More
Real estate in Gatlinburg is thriving. While the 2000 census... Read More
More often than not, a person will base his or... Read More
Vacation Rental |