Real estate investment up north has always been an attractive prospect for those drawn to the area. After all, the Northwoods offers outdoor activities for all four distinct seasons, crystal clear lakes, abundant wildlife, friendly towns, and spectacular scenery. For over a century, it’s been a destination for people seeking relaxation and natural beauty. The prospect of also achieving financial gain here makes a compelling combination.
The newest trend in Northwoods real estate is to use the property for a portion of the year and rent it out the rest of the time. It is the best of both worlds. You are able to use the property when you want and get income from it, too. How much income? There are homes on the Eagle River Chain that are grossing over $100,000 per year. Weekly rental rates for homes on the chain vary but the homes with more beds and bedrooms can get over $5000/week. A typical 4 bedroom home can rent for over $4000. Websites like VRBO.com and airbnb.com are quite popular. You can check out current listings here: https://northwoodsrealty.com/