SOLD: 02212 Boyneland Dr Boyne Falls, MI 49713
MLS# 455180 - $599,000 - SOLD FOR $700,000!!! An All-Time Record
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Capitalization rate (also known as cap rate) is the rate of return on a commercial real estate investment.
While cap rate does not consider the impact of mortgage financing, a general rule of thumb is whether the cap rate is above or below the interest rate. If the cap rate is greater than the interest rate, you’ll generally come out ahead. If the cap rate is lower than the interest rate, you’ll be relying on appreciation for your return, making it a riskier speculative investment.
How to calculate cap rate
The formula for cap rate is simple: income, fewer expenses, divided by the purchase price.
On a long-term rental, multiply the monthly rental rate by the number of months per year you expect the property to be rented. In areas with…
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Did you know you can defer taxes on the sale of your investment or business-use property? It’s called a 1031 exchange, and it could save you a bundle if you’re planning on selling. (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)
Internal Revenue Code 1031 allows an owner to sell their investment or business-use real estate property and use the sales proceeds to purchase a replacement property of like kind without a tax on the profit.
If that isn’t enough, 1031 exchanges are an advantageous way to diversify your assets, improve returns on your investments or just free up more capital for future investments. (Click here to see all Lake Charlevoix Homes for Sale)
But the IRS rules for 1031 exchanges are…
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SOLD: 01352 Powder Ridge Dr # 39 Boyne City, MI 49712
MLS# 455181 - $415,000
Sold fully furnished, this 4 bedroom mountain cabin at Boyne Mountain Resort is a gorgeous rustic property. Features include high-definition televisions, granite counters in the kitchen, a private hot tub, and tiled flooring. (Click here to see Northern Michigan's finest collection of Boyne Mountain vacation rentals)Brook is focused on lifestyle real estate investment properties as most people want a vacation home to make lifelong memories that endure for their…
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Winter at Boyne Mountain can get cold in some months! But without the Lake Michigan affect weather, Boyne Mountain Resort's powder snow wouldn't be what it is and we wouldn't be writing this article to help you stay warm on your ski vacation! With a little preparation and maybe a smart purchase or two along the way, you can ensure that you won't need to worry about the cold and you'll be carving down the slopes on even the most blustery of days. (Click here to see all Northern Michigan Ski Lifestyle Homes for Sale)
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This is really up to you and what you like to do. There’s certainly no bad time to visit Deer Lake, which is why we call it a “year-round playground.” In the summer, we’ve got beaches, hiking, biking, and more. In the spring and winter, there’s skiing and snowboarding. In the fall, there’s gorgeous foliage and outdoor festivities. You really can’t go wrong. (Click here to see Northern Michigan's finest collection of vacation rentals)
Whether driving or flying, getting here is relatively easy with plenty of beautiful lake views and scenery along the way.
If you’re flying, you can fly into the Cherry Capital Airport in Traverse City, Michigan, which is approximately an…
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This is really up to you and what you like to do. There’s certainly no bad time to visit Lake Charlevoix, which is why we call it a “year-round playground.” In the summer, we’ve got beaches, hiking, biking, and more. In the spring and winter, there’s skiing and snowboarding. In the fall, there’s gorgeous foliage and outdoor festivities. You really can’t go wrong. (Click here to see all Lake Charlevoix Homes for Sale)
Whether driving or flying, getting here is relatively easy with plenty of beautiful lake views and scenery along the way.
If you’re flying, you can fly into the Cherry Capital Airport in Traverse City, Michigan, which is approximately an hour…
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In 2012, Lake Charlevoix was voted the second-best lake in America in a USA Today poll, behind only Lake Tahoe. Being awarded this honor is partly due to the many forms of recreation the lake provides, including swimming, kayaking, sailing, fishing, diving, boating, water skiing, and just relaxing on the beach. It is also due to Lake Charlevoix being one of Michigan’s largest and most magnificent lakes. (Click here to see all Lake Charlevoix Homes for Sale)
Lake Charlevoix is the 3rd largest lake in the state in terms of surface area, but due to its shape and the elongate South Arm, its shoreline length far exceeds that of any other inland lake in Michigan. If you kayak the entire shoreline of Lake Charlevoix, you will have traversed 60…
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Walloon Lake is located within the Little Traverse Bay Watershed and empties into Lake Michigan via the Bear River. (Click here to see all Walloon Lake, Michigan Homes for Sale) Walloon Lake is considered an outstanding ecological, aesthetic, and recreational resource. Rolling glacial terrain surrounds its deep waters, including its five distinct depressions or basins:
The lake and its watershed are located in Bay, Evangeline, and Melrose townships of Charlevoix County; and Bear Creek and Resort Townships of Emmet County. The lake has a relatively small watershed (22,650 acres)…
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We have all been there: We enjoy a great vacation in a beautiful destination and are smitten by life there.
We imagine what it might be like if a vacation home was ours and start picking up local real estate brochures and searching online for sale listings. Pretty soon, conversations with a realtor could be occurring, and you begin you wonder if this dream is realty or pie in the sky. The idea of owning your own place in a ski town that your family loves just seems like the perfect next step. (Click here to see all Northern Michigan Ski Lifestyle Homes for Sale)
Ski vacation homes, like in Boyne Mountain Resort, are no different than the pattern we see with other vacation homes. They tend to be located in great ski towns that are fun in…
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