Wanderlist July 11, 2023

Lifestyle Investing ⛰️ PNW Lake Destinations

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Coeur d Alene, ID

Listed by Patti O'Reilly | Professional Realty Services Idaho

Beautifully remodeled 2704 s.f Lake Coeur d' Alene waterfront home (secondary) with unobstructed views and a boat slip now available. Conveniently located close to downtown CDA - a 15 minute drive or a short boat ride to the CDA Resort. Boat slip/dock is located right across the private road in front of home with unobstructed views of the Lake as well as the common area with sandy beach and fire pit. New roof in 2021, new mini split heat and AC. New paint, decking, rails, carpet, tank less water heater, appliances, water softener and more. Many of the furnishings and decor included. Two family room areas with upper family room area having 10' ceilings and multiple soaring windows to capture the views. Wet bar and several access points for the wrap around decks. Garage is large, finished, and insulated. Quaint Kidd Island Community. Home is on 2 parcels with just over 1/2 acre.

Property Details

  • $1,575,000

    4 Bedrooms

    Average Daily Rate: $856

    Occupancy Rate: 58%

Projections

  • Down Payment: $315,000

    Cash to Close: $374,250

    Monthly Income: $15,101

    Monthly Expenses: $13,457

  • Monthly expected cash flow: $1,644

    Expected cash on cash return: 5.27%

    Property Value in 10 Years $2,467,074

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