Lakefront Investment Paradise - 100 Feet of Direct Waterfront! Live the lake life while generating serious income with this rare opportunity on the water. Set on a private stretch of shoreline, this income-producing property features six individual cottages and three docks with six boat slips - perfect for short-term rentals or seasonal tenants. Each cottage offers a private wood deck, scenic lake views, and tranquil surroundings backed by unbuildable state forest land, ensuring lasting privacy and natural beauty. The shared waterfront area includes a lounge space with a canopy and a Tiki bar, making it an ideal spot for guests or entertaining. The main house, currently used by the owner, has been tastefully updated with tile and hardwood flooring, granite countertops, stainless steel appliances, and includes a walkout basement. It also generates approximately $32, 000/year on Airbnb. All roofs were replaced just three years ago, offering peace of mind for years to come. Whether you're seeking a personal retreat with rental income or a high-performing short-term rental portfolio, this property delivers on both lifestyle and returns.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,356,000 | $1,356,000 | $1,356,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.806% |
| Monthly Tax Payment | $1,366 | $1,366 | $1,366 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,383 | $8,021 | $11,170 |
| Total Monthly Payment | $8,874 | $9,512 | $12,661 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.