The LaCrosse Street Investment in Coeur d’Alene, ID, was a strategic acquisition that generated strong cash flow and significant equity growth. With a low renovation cost of $12,000, the property achieved $112,000 in equity gain, a 65% cash-on-cash return, and a projected annual return of 10%+. Positioned for long-term rental, Airbnb conversion, or future resale, this deal exemplifies high-yield, low-risk real estate investing.
About the property
LaCrosse Street Investment – Coeur d’Alene, ID
Overview
This investment in Coeur d’Alene, ID exemplifies the power of strategic market entry, rental optimization, and long-term appreciation. By acquiring an underpriced property in a high-demand area, we secured immediate cash flow and strong equity growth, positioning it for multiple exit strategies, including long-term rental, short-term Airbnb conversion, or future resale.
Investment Highlights:
• Purchase Price: $425,000
• Rehab/Improvement Costs: $12,000
• Total Investment: $437,000
• Current Market Value (Post-Renovation): $549,000
• Equity Gain If Sold Today: ~$112,000
• Monthly Rental Income: $2,750 (long-term rental)
• Net Cash Flow: $400 per month
• Cash-on-Cash Return: 65% based on initial investment and equity growth
• Projected Sale Price (Conservative Estimate): $530,000
• Net Proceeds After 10% Closing Costs: $477,000
• Net Profit After Mortgage Payoff: $76,532
• Target Hold Period: 1-3 years
• Projected Annual Return: 10%+
Takeaway
This high-performing real estate investment combined rental income stability with significant appreciation potential, allowing for a flexible hold strategy. The low renovation costs and strong market conditions in Coeur d’Alene made this a high-yield, low-risk asset, demonstrating how strategic real estate investing can generate both short-term cash flow and long-term wealth.
Property amenities
Garden
Laundry
Garage
