Buying a lake house can be a great investment, whether you are buying a first home, a vacation house, or a rental property.
The best places to buy a lake house are listed by Evolve. The company used a number of metrics.
According to Louis Olds, the director of real estate at Evolve, the company looked at the atmosphere of the locations to make sure guests can relax, enjoy themselves and maybe even have a stunning view.
There was a median rental revenue of over twenty thousand dollars.
There is a median listing price.
The cap rate is 7.3%.
Saranac Lake is best known for its ski resorts and fall foliage.
Saranac Lake has a 7.1% cap rate that shows the area's profit potential.
The old architecture of Saranac Lake has been preserved. There are over 170 buildings listed on the National Register of Historic Places.
It was second on the list. There is a median revenue area of $19,440, a median listing price of $232,208, and an example cap rate of 5.9%.
Table Rock Lake is located close to the Missouri town.
It is a man-made lake with over 800 miles of shoreline and is known for it's world-class fishing.
There was a third place on the list. There are lakefront cabins that can bring in the most money.
It has a median rental revenue of $27,043 and a median listing price of $346,333.
The area has some of the most scenic lakes, pristine public beaches, and top-rated golf courses.
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