STR near Lake Delavan - Anyone Have Experience?
Hi,
I’m considering investing in a single family near lake Delton with lake rights. I wanted to know from other investors if anyone is having success in this location.
Most Popular Reply
Hi @Bob Crane, you mentioned two different lakes on different sides of Madison.
It looks like the Delavan sub-market has quite a few active listings for its size. It ranks highly for investability (cost to enter the market) but poorly for current rent demand as well as seasonality:
If you're asking about Lake Delton, that sub-market fairs much better in a few areas:
If you DM me more about the subject property you're looking at I can give you better comps that would be a better indicator of whether or not the specific property is a good investment.