Sandy's Cove

$599,950
4
3
3,600
sq. ft.
$167
per sq ft
Heated sq ft: 3,200 sq ft
Avg Nightly Rate: $275
Home Legally Sleeps: 12
Occupancy Rate: 40 weeks
Annual Gross Income : 30000
Annual Net Operating Income : 20000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Couples/Romance, Mountain, Nature, Pet Friendly, Theme Parks
New Construction: Yes
Days on Vrolio: 215

Property Description

Immerse yourself in nature and enjoy the wildlife year-round at this beautiful 3 bedroom, 2 ½ bath upscale log cabin on historic Douglas Lake. It is a piece of heaven and tranquility located in a secluded cove with lots of privacy. During the summer, dive off the private dock into the spring fed lake. If you want the full “lake” experience, rent a boat, kayak, jet ski or paddle board 10 minutes from the property. Or bring your own boat and launch at the public dock and moor it right at the cabin during your stay. If fishing’s your thing this is the place to go for large mouth bass, brim, crappie, bluegill and catfish. In the winter, gaze at the wildlife and snow capped English mountains. Enjoy smores around one of the two outdoor fire pits. Or sip a beverage in the hot tub. Relax and read a book while snuggled on the couch with the gas fireplace burning in the background. Located 30 minutes from Pigeon Forge, Sevierville, great restaurants, shopping and local attractions. Plan your next vacation getaway at Sandy’s Cove.

Presented by:
Owner:
Sandra Hampton
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 400
Low: 275
Peak: 400
Special Event: 400
Avarage: 275.00
Furniture Age
5
Est Value of Furnishings
$70,000
Peak & High Seasons
May, June, July, August, October
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Want to buy a property in Florida closer to home so I can manage it.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
30000
Net Operating Income
20000
Stories
3
Additional Indoor Rooms
Family Room, Finished basement, Master Suite Down
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Gas appliances, Microwave, Oven, Refrigerator, Washer, Other
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Electric or Gas Firelace
Floor Coverings
Tile
Security
Yes
Security Description
ADT monitoring system
Half Baths
1
Master Suite(s)
Inquire
Energy Efficiency
Energy Star appliances, Energy Star certified windows, Energy efficient lighting, Programmable thermostat
Year built
2013
Outdoor Features
Above Ground Spa, Deck, Dock, Fenced/Gated Yard, Fire Pit, Porch - Not screened, Walk Out Balcony, Other
View
Lake, Mountain
Backyard Exposure
South
Lot Size
2.2 acre lake front property in a secluded cove off Douglas Lake.
Community Features
Community Dock, Lake Access, Marina, Nature Trails/Walking Path, Restaurant(s), Stores, Sundries Shop/Convenience Store, Theater, Waterpark, Other
Tax Amount/Year
$1,500
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
Yes
Interview Required
No
Neighborhood Amenities
Community Dock, Lake Access, Marina, Nature Trails/Walking Path, Restaurant(s), Stores, Sundries Shop/Convenience Store, Theater, Waterpark, Other
Mandatory HOA
Inquire
Home Legally Sleeps:
12
Onsite Parking
Circular private driveway that can accommodate up to 6 vehicles
Neighborhood Association STR Rules
HOA allows STR
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
$0.07
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
Inquire
Occupancy Rate
40
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner, Manager
Managed By
Manager
Management Bookings Percentage
$0.28
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
Yes, AirBnb profile, Booking.com Profile, Professional photos, Social media profiles, VRBO and/or Homeaway profile, Hosteeva
Manager Cancellation Policy
30 days prior to arrival
 
  •  
Credit Card Fee
$0.03
Cleaning Fee
$125.00
Licesnes & Permits (Annual)
$125.00
Advertising & Tech Costs (Annual)
$500.00
Yard & Pest Control (Annual)
$1,500.00
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$2,500.00
Water/Sewer (Annual)
Inquire
Cable/Interbet (Annual)
$800.00
Accounting Fee (Annual)
$1.25
Property Taxes (Annual)
$1,500.00
Homeowner's Insurance (Annual)
$3,180.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

RECALCULATE
Income
Average Nightly Rent

Weekly Rent

Potential Annual Rent

Weeks Rented (of 52)

Additonal Net Revenue Streams

Effective Gross Revenue

Effective Gross Rent

RECALCULATE
Variable Expenses (Annual)
Management Rental Commission (%)

Management Rental Commission Annually ($)

Credit Card Fee (%)

Credit Card Fee Annually ($)

Cleaning Fee ($ per rented wk)

Cleaning Fees Annually

Booking Site Service Fees (%)

Booking Site Service Fees ($)

Management Fee ($ per mo)

Management Fee Annually

Additonal Nightly Insurance Policy ($ per night)

Additonal Nightly Insurance Policy Annually

Sales, Bed, Resort, Tourist Tax (%)

Sales, Bed, Resort, Tourist Tax Annually ($)

RECALCULATE
Fixed Expenses (Annual)
Annual Permits/Licences

Advertising & Tech Costs

Yard and Pest Control

Pool Maintenance

Electricity

Water/Sewer

Cable/Internet

Accounting

Property Taxes

Homeowner's Insurance

Short Term Rental Insurance Rider

CDD fee

Annual Homeowners Association Dues

Additional Membership Fees

Maintenance Reserves/Supplies

Other

Fixed & Variable Expenses

RECALCULATE
Loan
Down Payment (%)

Down Payment (Capital Investment)

Loan Amount

Interest Rate

Amortization (Loan Years)

Monthly Payment

Annual Debt Service

RECALCULATE
Returns
Average Monthly Cash Flow

Annual Cash Flow

Cash-on-Cash Return

Annual Occupancy to Break Even

Break-Even Occupancy (Weeks)

Net Operating Income (NOI)

Cap Rate (ROI)

RECALCULATE

User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

LOCATION MAP VIEW

Data provided by property owner

The information featured here is supplied by third party resources. In some cases the owner directly will supply the data and in other cases third party listing sources. While we do everything in our power to ensure the information is as accurate as possible but we can in no capacity, guarantee the information sourced here is 100% accurate. All users should do their own due diligence and further research before engaging in a property purchase based on the data and information provided here. It is deemed reliable but not guaranteed. In many cases the information may not be verified further than the source that provided it to us. This includes all data and information shown about the properties, locations, regulations and any other details found here. Vrolio does not own, manage and is not in any way associated with in a real estate transaction capacity any of the properties shown here. Images are subject to copyright from owner and photographer. We do not own any of the images provided here. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in a property.