Wanderlist July 14, 2023

Sagle Harbor Home 16.25% Return

Author

Ryan Anstett
July 14, 2023

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Sagle, ID

Listed by Rain Silverhawk | Sandpoint Realty, LLC

Enjoy this beautiful secondary waterfront home on .61 acres community dock and access. No HOA's! Bring your boat kayaks and paddle boards and enjoy full access to Land Pend Oreille from the protected inlet of Fry Creek safe harbor. Three bedroom 2 bath with large rooms, ample storage throughout and an attached three car garage for your toys! Main floor living plus an additional bonus room upstairs above the garage for a 4th bedroom, game room or den. Open living area and floor to ceiling gas fireplace, window coverings, hard wood floors, forced air heat and cooling. Big, bright kitchen has large island, breakfast bar, stainless steel appliances, custom cabinets, walk in pantry and open to the dining room. Large master suite with jetted tub, shower, double sinks and walk-in closet. Forced air heat and air conditioning. Full length covered deck private sun deck. A magical oasis amongst the tall timber complete with a fire pit and park benches. Bike path and long bridge.

Property Details

  • $849,000

  • 3 Bedrooms/2 Baths

  • Average Daily Rate: $557

  • Occupancy Rate: 65%

Projections

  • Down Payment: $169,800

  • Cash to Close: $211,530

  • Monthly Income: $11,012

  • Monthly Expenses: $8,148

  • Monthly expected cash flow: $2,864

  • Expected cash on cash return: 16.25%

  • Property Value in 10 Years $1,329,870

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