12 best Airbnb investment opportunities | May 28, 2022
A-frame with 160 feet of lakeshore under $400k with a 21.1% cash on cash return.
31430 Hemlock Island Dr, Dowagiac, MI 49047
Island living on Magician Lake. Over 90 feet of waterfront feet. Amazing lake views from the island. Newly remodeled and renovated 3 bedroom, 1.5 bath home. Open floor plan. Many newer appliances. This a great way to enjoy Magician lake by getting yourself on Hemlock Island with access by boat only. Hemlock Island owns a inland lake lot to keep your small boat on to take out to your island pier with your larger boats. Lots of outdoor sitting areas on different decks and the pier. This a more affordable way of getting lakefront on Magician Lake. Nice shallow water right in front of the home to enjoy swimming and floating. Lots of storage in the basement for your toys.
$399,900
3 Bedrooms, 2 Bathrooms
Average Daily Rate: $263
Expected occupancy rate: 63%
Monthly expected income: $4,889
Monthly expected expenses: $3,630
Monthly expected cash flow: $1,259
Expected cash on cash return: 14.1%
7724 Wheeler Island Rd, Three Lakes, WI 54562
Located on prestigious Wheeler Island this 5 bedroom 2 bath home on Round Lake of the Three Lakes Chain is waiting for you to add your personal touches. Large windows provide stunning views of Round Lake and a nearby island where eagles are known to nest. The 167’ of frontage has amazing sand and a new pier with benches and boat lift with a power winch. There is plenty of room to move about in the 2,853 sq ft home. A large master bedroom, open concept living room with beautiful stone fireplace, dining room and kitchen overlooking the lake, and full bath & laundry room make up the main floor. Walkout family room with wood burning stove and 4 bedrooms, full bath and a screen porch greet you on the lower level. Other features include a 2 car attached garage, new deck off the dining room overlooks the lake, hydronic hot water heat with 2 zones and more. Convenient to town, snowmobile trails and on ATV route too for all your recreational fun. #191
$699,000
5 Bedrooms, 2 Bathrooms
Average Daily Rate: $364
Expected occupancy rate: 62%
Monthly expected income: $6,666
Monthly expected expenses: $4,378
Monthly expected cash flow: $2,288
Expected cash on cash return: 15%