Luxury STR | $184K Revenue | $350K Equity | TN Estate
6BD/8BA · Sleeps 30 · Heated Pool · Chef's Kitchen · 4+ Acres · McDonald, TN
Marketing description
171 Greendale Lane is a 6-bedroom, 8-bathroom luxury estate on 10+ acres in McDonald, Tennessee, operating as a high-performing short-term rental since early 2025. Purpose-built for large group stays, corporate retreats, and private events, the property sleeps up to 30 guests and commands a $985 average daily rate across Airbnb, VRBO, and direct booking channels.
The seller is offering direct at $2.20M — $320,000 below the October 2025 appraised value of $2.52M. There is $121,000 in identified deferred maintenance, fully scoped and third-party assessed, bringing the all-in cost basis to approximately $2.32M. That is still $199,000 below appraised value — built-in equity on day one for the buyer.
Investment highlights
**Asking Price:** $2,200,000 | Listed with Broker
- **Appraised Value (Oct 2025):** $2,520,000
- **Built-In Equity After Repairs:** ~$199,000
- **Gross Revenue (8 Months):** $165,000
- **Forward Bookings on the Books:** $53,000+ — transfers at closing
- **Projected Annual Revenue:** $260,000
- **Stabilized NOI:** $104,000–$117,000
- **Net Margin:** 40–45%
- **Cash-on-Cash Yield:** ~7.6% (stabilized, on purchase price)
- **ADR:** $985 | **Nights Booked:** 178 | **Avg Stay:** 3.6 nights
- **Guest Rating:** 4.8 / 5.0 across 16 reviews
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