Northern Michigan's Alpine House
Financial Business Case
The Alpine House has it all! This beautiful 4 bedrooms private home located in the gated community at Boyne Mountain Resort provides an abundance of gathering space and seating areas for your entire group and is TRULY only STEPS away from the Alpine chairlift (the skiway that runs under the lift). You can sit in the living room and watch the chairlift pass by!
Easy access on and off of Boyne Mountain will make this property a favorite for you and your group, and one that you will want to build traditions in. Private hot tub, ski storage, gas-burning outdoor fire-pit, surround sound throughout the home, bumper pool table and 2 larger living rooms will allow everyone in the group to make themselves right at home.
Financial Analysis Behind The Investment
The investor prefers lifestyle properties in resorts with a buy and hold philosophy based on an appreciation profile. Here is the purchase information:
You will notice this has NEGATIVE cash flow for a few years. Not unusual for an investment property but very few investors understand this. Now, using a "buy and hold" philosophy, let's see how the investment looks over time:
There is considerably more to the analysis than this but this is a high-level example of lifestyle real estate investing.