3982 Drake Dr NW, Hackensack, MN 56452
Step back in time inside this vintage “north woods” home. With its vaulted wood-beamed ceilings throughout, fir flooring and gas fieldstone fireplace, you’re sure to feel lake living as it was meant to be. With so many built in cabinets and hutches, storage will never be a problem. Located on Woman Lake, this year-round 2 bedroom/2 bath home features energy-efficient Andersen windows. You can watch the sunrise over the big lake from your 4 season porch or from the generous maintenance-free deck. This property has a 4 car garage with a separate entrance to the upper level with so much space and so much potential! The Woman Lake chain includes Woman, Child, Girl and Little Woman Lakes and has over 6,000 acres for boating, snowmobiling, dining and recreation.
$425,000
2 Bedrooms, 2 Bathrooms
Average Daily Rate: $215
Expected occupancy rate: 63%
Monthly expected income: $3,991
Monthly expected expenses: $2,847
Monthly expected cash flow: $1,144
Expected cash on cash return: 12%
550 Osterlund Rd, Iron River, MI 49935
The northwoods log cabin you’ve always dreamed of…nestled atop a Maple clad ridge with beautiful long views over the rolling countryside surrounding Brule Mountain. From the moment you arrive up the winding driveway you’ll appreciate the care given to keeping this retreat special. Enter the main floor into the great room that’s shared by the kitchen and gathering area with its wall of windows looking to the west. Shining hardwood floors grace your steps and large timbers surround you with a deep warmth found only in a log cabin. The main floor features an additional two bedrooms and a full bath with tiled floor as well as full width covered balcony that’s perfect for gathering and grilling. Up the log banister steps to the second floor you’re met with a choice…left across the cat-walk to sit and soak up the views and changing of the seasons or take a right into the vaulted ceiling master suite complete with gas fireplace and its own balcony. The walkout lower level hosts another large bedroom, full bath and spacious family room wrapped in a true knotty pine wall covering anchored by another fireplace and looking out over the same special view as seen from upstairs.
$260,000
4 Bedrooms, 3 Bathrooms
Average Daily Rate: $226
Expected occupancy rate: 60%
Monthly expected income: $4,006
Monthly expected expenses: $2,444
Monthly expected cash flow: $1,562
Expected cash on cash return: 25.7%