Real Estate Investment Up North

Real Estate Investment

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/

Home prices are affordable and taxes are much lower than they are in southern Wisconsin or Northern Illinois.  A typical 4 bedroom lake home can be purchased for $500,000 and the taxes will be under $6000.  You may be able to get a handsome return on investment.
Coldwell Banker Mulleady REALTORS® have decades of experience and deep local knowledge of Wisconsin’s Northwoods region. Our professional team is ready to assist you with any questions or guidance you may need on your journey to find just the right property.