229 Maranatha Way, Cosby, TN 37722

$1,300,000
5
BD
8
BA
4,468
SqFt
List Price
$1,300,000
MLS#
301275
Status
ACTIVE
Type
Single Family Residential
City
Cosby
County
Cocke
Bedrooms
5
Bathrooms
8
Baths Half
2
Baths Full
6
Living Area
4,468
Lot Size
27,442
Year Built
2008

Property Description

Uwoduhi Pool Lodge checks all the boxes for a successful short term rental cabin. The large gunite indoor pool is significantly larger than most in the Smokies. The nearly level land on over 1/2 acre lends itself perfectly for the outdoor fire pit and other outdoor amenities/fun. Guests can also keep themselves entertained with the large dedicated private theater room and separate game room. Each of the bedrooms (5 plus one bonus room) are spacious and easily accommodate guests in comfort. Now let's talk numbers, where the cabin really shines. The cabin has been owned by the same owner since April 2017, so there is plenty of rental data available to analyze your investment. For the past 5 years (2019 to 2023) the cabin has averaged $166,474.55 per year. Want to take the data back an extra year averaging the past 6 years (2018 to 2023)? That results in an average of $163,526.27 per year. At the listing price the cabin has averaged a GRM (Gross Rental Multiplier) of 7.81 per year at the average rental over the past 5 years. Far better for an investor than the average cabin on the market today or over the course of the last several years. These figures do NOT include cleaning fees or any other fees/taxes added into the gross rental income since the property has been professionally managed and those fees are not included in the data presented to owners. However, a new owner does have the option of self managing the property or using any management company they wish. And best yet, the cabin is located a very short little jaunt of only 0.9 miles from the Cosby Entrance to the Great Smoky Mountains National Park. You or your guests could be fly fishing for trout in the beautiful streams and creeks of the National Park in a matter of a couple minutes. Many popular hiking trails are accessed from the Cosby Entrance Road a short distance away. If shopping and Gatlinburg is more your guests thing, then Gatlinburg city limits are less than 20 minutes away. How about golfing at award winning Bent Creek Golf Course or Ziplining at ClimbWorks (the highest rated Zipline in the Smokies)? Both are less than 10 miles away and have easy access on Highway 321. The location also offers easy access to I-40 to the East for those times when traffic getting in/out of Gatlinburg are heavy. Not to mention no steep roads to get to or access the cabin! Come check out one of the best investment cabins on the market now in our area, I don't think you'll be disappointed! (Please note in the photos some of the furniture has been replaced or rearranged, but is largely the same)

Additional Information

Acres
0.63
Community Amenities
Other
Appliances
Dishwasher, Dryer, Electric Cooktop, Electric Range, Microwave, Washer
Cooling
Electric, Heat Pump
Exterior Features
Gas Grill, Rain Gutters
Fireplace
Yes
Living Area
4,468
Style
Cabin, Log
Subdivision
Other
Year Built
2008
Zoning
R-1
Subdivision
Other
Heating
Electric, Heat Pump
Fireplaces
1
Hoa
Yes
Hoa Freq
Annually
Water
Public
Sewer
Septic Tank

Mortgage Calculator

Amount of Loan
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Agent: Jay Fradd |

Office: Smoky Mountain Real Estate Corporation |

Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2024 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .