3710 Weber Rd Unit 203C · Gatlinburg, TN 37738

$109,000

1 bd · 1.0 ba · 560 sqft · Condo · 9 Days on market

Built 1986 Good condition $195/sqft · 42% below area Est $187k · 42% under $736/mo HOA · 55% of rent ↓ 7% since listing

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• 1% rule +7.3/10.0
• Condition / age +3.8/5.0
• Livability +3.7/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Cash flow +1.5/30.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Motivated Seller!!!! Nestled in Cobbly Nob, in the heart of Gatlinburg, TN, lies this charming 1 Bedroom/1 Bathroom condo, offering a million-dollar mountain view right from your personal balcony. Fully furnished and exuding a rustic charm, this condo is the perfect place to call home or to use as an overnight rental. In 2024, the property generated $26K in revenue, and for 2025, the total performance was $22K. The fully equipped kitchen is a chef's dream, complete with all the essentials and ample storage space. Gather your family around the dining room table or cozy up in front of the wood-burning fireplace in the living room.

Key facts

• Owner's closet
• Personal balcony
• Main level

Tags

• MOUNTAIN VIEW
• PERSONAL BALCONY
• FULLY EQUIPPED KITCHEN
• WOOD BURNING FIREPLACE
• MAIN LEVEL
• OWNER'S CLOSET

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $109k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-427 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $47k (56.7% below list).
• Meets the 1% rule at list price ($1k rent vs $109k).
• Recommended offer: $47k (56.7% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 73/100 on livability (#27 in TN) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A; Watch: crime F, amenities F, employment D-.
• Sevier County (rural): math 31% / reading 28% proficiency, ranked #62 of 139 in TN (top 45%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: New Center Elementary (math 32% / reading 28%, grade F, #415 of 952 statewide, top 44%, 855 students, 0% FRL); Seymour Junior High (math 40% / reading 30%, grade F, #65 of 333 statewide, top 20%, 766 students, 0% FRL); Sevier County High School (math 20% / reading 38%, grade F, #92 of 332 statewide, top 28%, 1,248 students, 0% FRL) — zoned schools average 0% FRL vs 52% district-wide (52 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 1075 active listings in the ZIP; 1,594 units permitted in Sevier County in 2024 (456 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $754 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Sevier County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: HOA is 55% of rent.

Recommended offer $47,244 (56.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.23% ✓
• Cap rate: 1.59%
• Cash-on-cash: -16.78%
• DSCR: 0.25
• GRM: 6.8

CMA / ARV

• ARV (median comp): $186,804
• List price: $109,000
• Delta: -36.30%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3710 Weber Rd Unit 102-A	0.05mi	1/1.0	560 (0%)	7mo	$170,000	$304	92
3710 Weber Road Rd Unit A-202	0.05mi	1/1.0	560 (0%)	21mo	$151,000	$270	80
3710 Weber Rd Unit D102	0.03mi	1/1.0	560 (0%)	35mo	$195,000	$348	78
3710 Weber Rd Unit 106-E	0.05mi	1/1.0	560 (0%)	27mo	$150,000	$268	78
3710 Weber Rd Unit 106-E	0.05mi	1/1.0	560 (0%)	27mo	$150,000	$268	78
3710 Weber Rd Unit 102-E	0.05mi	1/1.0	560 (0%)	29mo	$139,000	$248	78
3710 Weber Rd Unit 102E	0.05mi	1/1.0	560 (0%)	29mo	$139,000	$248	78
536 Deer Path Ln	0.39mi	1/1.0	624 (+11%)	11mo	$245,000	$393	53

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -48.3%
• Equity multiple: -0.45×
• Total profit: $-44,372
• Equity at exit: $16,252

10-year hold

• IRR: -86.9%
• Equity multiple: -1.35×
• Total profit: $-71,719
• Equity at exit: $9,424

Cash invested: $30,520 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Tennessee: 87 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

14-day notice (URLTA); generally landlord-favorable; Nashville court paced moderate.

Methodology + full state rankings →

ZIP-level market 37738

• Home prices YoY: -28.5%
• Active inventory: 1075
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,345 medium
• Mortgage (P&I): −$572
• Tax est. 1.5%: −$136 /mo · $1,635/yr
• Insurance: −$45
• HOA: −$736
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $-427

Break-even live

Break-even rent $1,885

Max offer price $47,244

Occupancy floor —

Sensitivity live

Price	-10% $-351	-5% $-389	+0% $-427	+5% $-464	+10% $-502
Rent	-10% $-533	-5% $-480	+0% $-427	+5% $-374	+10% $-321
Rate	-1.0pp $-372	-0.5pp $-399	base $-427	+0.5pp $-455	+1.0pp $-484

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $27,250
• Closing costs: $3,270
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Property features AI

Finance

• Other: Has view
• Financial info: Property currently used as an investment
• HOA & community: Homeowners association with monthly feeAssociation amenities include coin laundry, clubhouse, pool, tennis courts, picnic area, recreation facilities, saunaHOA fee billed monthly and covers cable TV, internet, grounds maintenance, security, sewer and water

Exterior

• Parking: On-site parkingOn-street parkingCommon parking
• Utilities: Public waterPublic sewerElectricity connectedWater connectedSewer connectedCable connected
• Home design: CondominiumResidential propertyOne-level unit in a 3-story building
• Construction: Vinyl sidingComposition roofBuilt with a foundation (basement: none)
• Exterior features: DeckViewsLandscapedIrregular lotTennis court(s)

Interior

• Kitchen: DishwasherElectric cooktopElectric rangeRefrigeratorMicrowave
• Bedrooms: 1 bedroom on the main level
• Flooring: CarpetLaminate
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Central heatingCentral air conditioning
• Interior features: FurnishedWood-burning fireplace
• Laundry & utility: Common area laundry

HOA detail $736/mo · $8,832/yr condo

• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-09-24
   pricedays on market $109,000 Active 9 DOM
2. 2026-09-22
   days on market $119,000 Active 8 DOM
3. 2026-09-20
   days on market $119,000 Active 6 DOM
4. 2026-09-18
   days on market $119,000 Active 4 DOM
5. 2026-09-17
   days on market $119,000 Active 3 DOM
6. 2026-09-16
   days on market $119,000 Active 2 DOM
7. 2026-09-15
   days on marketlisting id $119,000 Active 1 DOM
8. 2026-09-14
   days on market $119,000 Active 115 DOM
9. 2026-09-13
   days on market $119,000 Active 114 DOM
10. 2026-09-12
    days on market $119,000 Active 113 DOM
11. 2026-09-11
    pricedays on market $119,000 Active 112 DOM
12. 2026-09-05
    days on market $125,000 Active 106 DOM
13. 2026-09-04
    days on market $125,000 Active 105 DOM
14. 2026-09-03
    days on market $125,000 Active 104 DOM
15. 2026-09-02
    days on market $125,000 Active 103 DOM
16. 2026-08-30
    days on market $125,000 Active 100 DOM
17. 2026-08-29
    days on market $125,000 Active 99 DOM
18. 2026-08-28
    days on market $125,000 Active 98 DOM
19. 2026-08-27
    days on market $125,000 Active 97 DOM
20. 2026-08-26
    days on market $125,000 Active 96 DOM
21. 2026-08-25
    days on market $125,000 Active 95 DOM
22. 2026-08-24
    days on market $125,000 Active 94 DOM
23. 2026-08-23
    days on market $125,000 Active 93 DOM
24. 2026-08-22
    days on market $125,000 Active 92 DOM
25. 2026-08-21
    days on market $125,000 Active 91 DOM
26. 2026-08-20
    days on market $125,000 Active 90 DOM
27. 2026-08-19
    days on market $125,000 Active 89 DOM
28. 2026-08-18
    days on market $125,000 Active 88 DOM
29. 2026-08-17
    days on market $125,000 Active 87 DOM
30. 2026-08-16
    days on market $125,000 Active 86 DOM
31. 2026-08-15
    days on market $125,000 Active 85 DOM
32. 2026-08-15
    days on market $125,000 Active 84 DOM
33. 2026-08-13
    days on market $125,000 Active 83 DOM
34. 2026-08-12
    days on market $125,000 Active 82 DOM
35. 2026-08-11
    days on market $125,000 Active 81 DOM
36. 2026-08-10
    days on market $125,000 Active 80 DOM
37. 2026-08-09
    days on market $125,000 Active 79 DOM
38. 2026-08-08
    days on market $125,000 Active 78 DOM
39. 2026-08-07
    days on market $125,000 Active 77 DOM
40. 2026-08-06
    days on market $125,000 Active 76 DOM
41. 2026-08-05
    days on market $125,000 Active 75 DOM
42. 2026-08-04
    days on market $125,000 Active 74 DOM
43. 2026-08-03
    days on market $125,000 Active 73 DOM
44. 2026-07-31
    days on market $125,000 Active 70 DOM
45. 2026-07-30
    pricedays on market $125,000 Active 68 DOM
46. 2026-07-27
    days on market $139,900 Active 66 DOM
47. 2026-07-25
    days on market $139,900 Active 64 DOM
48. 2026-07-24
    days on market $139,900 Active 63 DOM
49. 2026-07-23
    days on market $139,900 Active 62 DOM
50. 2026-07-22
    days on market $139,900 Active 61 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥93°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,139
• − Mortgage interest: −$6,106
• − Property taxes: −$1,635
• − Insurance: −$545
• − Repairs & maintenance: −$1,291
• − Management: −$1,291
• − HOA: −$8,832
• − Depreciation: −$3,171
• Taxable loss: −$6,732
• Est. tax savings @ 24.0%: +$1,616
• After-tax cash flow: $-3,506/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $2,800–$8,400 screening

This charming 1-bedroom/1-bathroom condo in Gatlinburg, TN, offers a million-dollar mountain view and is fully furnished. It is in good condition with minor cosmetic updates needed to maximize its resale and rental value.

Value-add opportunities

• Both Painting the exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Updating the flooring — Modernizes the living space and increases rental value ↑
• Both Upgrading the kitchen appliances — Improves functionality and appeal ↑
• Both Renovating the bathroom — Enhances functionality and appeal ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 34/100

Zoned Schools

Elementary Pittman Center Elementary F TN #231/952 Nat'l #19,648/41,679 Middle Seymour Junior High F TN #65/333 Nat'l #7,460/14,009 High Gatlinburg Pittman High F TN #117/332 Nat'l #12,251/17,239

Schools (NCES district)

• District: Sevier County
• NCES district ID: 4703780
• Math proficiency: 31% ▼ -6.00%
• Reading proficiency: 28% ▼ -4.00%
• Median HH income: $42,730
• Composite: 25.12/100
• National rank: #7527
• State rank: #62 of 139 in TN

B Composite livability gradescore 73/100

Livability — Gatlinburg

• Score: 73/100
• State rank: #27
• US rank: #5524

Category grades

Amenities F Commute A+ Cost of living A Crime F Employment D- Housing B- Health & safety B- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sevier · 107,903 people
• Population (ZIP): 5,269
• Household income: $63,133
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 8% of renters

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Population outlook (Sevier County) Hauer SSP2

• Today (2025): 107,903 people
• By 2030: 113,633 · +5.3%
• By 2040: 123,969 · +14.9%
• By 2050: 132,123 · +22.4%
• By 2075: 148,524 · +37.6%
• By 2100: 153,436 · +42.2%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 12% Two or more races 4% Black 3% Asian 3%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Slovak 6% Serbian 5% Romanian 3%
• Foreign-born: 12% · Canada, China
• Languages at home: 86% English-only · Spanish 10% Other Indo-European 2% Chinese 1%

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Political lean MEDSL · Sevier

• 2024 margin: Solid R (+61.1) · D 18.9% · R 80.1% · Other 1.0%
• 2008→2024 swing: -13.1pp toward R · 2008: -48.1pp · 2024: -61.1pp
• All cycles: 2024: R+61.1 2020: R+57.6 2016: R+61.7 2012: R+54.8 2008: R+48.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -118.02%
• Current HPI: 296.203
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.78%
• F500 in state: 22

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Industry mix (Fortune 500 HQ in TN)

Industry	F500 HQs	Revenue
▸Healthcare	3	$91B
▸Retail	3	$72B
▸Transportation / Logistics	1	$88B
▸Paper / Packaging	1	$19B
▸Insurance	1	$13B
▸Energy	1	$12B

Property features AI

Finance

• Other: Has view
• Financial info: Property currently used as an investment
• HOA & community: Homeowners association with monthly feeAssociation amenities include coin laundry, clubhouse, pool, tennis courts, picnic area, recreation facilities, saunaHOA fee billed monthly and covers cable TV, internet, grounds maintenance, security, sewer and water

Exterior

• Parking: On-site parkingOn-street parkingCommon parking
• Utilities: Public waterPublic sewerElectricity connectedWater connectedSewer connectedCable connected
• Home design: CondominiumResidential propertyOne-level unit in a 3-story building
• Construction: Vinyl sidingComposition roofBuilt with a foundation (basement: none)
• Exterior features: DeckViewsLandscapedIrregular lotTennis court(s)

Interior

• Kitchen: DishwasherElectric cooktopElectric rangeRefrigeratorMicrowave
• Bedrooms: 1 bedroom on the main level
• Flooring: CarpetLaminate
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Central heatingCentral air conditioning
• Interior features: FurnishedWood-burning fireplace
• Laundry & utility: Common area laundry

Price history

-6.7% since first listed

3 events — show timeline

• 2026-06-30 Price Changed $139,900 GSMAR
• 2026-05-22 Listed $149,900 GSMAR
• 2026-01-30 Price Changed $149,900 GSMAR