$400,000
Boathouse property with lift and canopy
2 bd2 ba
1,450 sqft
420 ft shore
Floating dock
$952/ft
Year-round home with a screened porch on Torch Lake. Roughly 120 feet of owned shoreline on 2.11 acres, with 2 bedrooms across 2,000 square feet. Two-slip covered. Water clarity on Torch Lake averages around 30 feet and the lake is classified stable for water level. Dock and shoreline work fall under Michigan EGLE. This is a sample listing used to demonstrate the platform.
| Down payment | $95,000 |
| Closing costs (est. 2.4%) | $11,400 |
| Septic inspection & pump | $850 |
| Water quality testing | $400 |
| Waterfront home inspection | $800 |
| Survey (shoreline frontage) | $1,200 |
| Total | $109,650 |
| Principal & interest | $30,032 |
| Property taxes | $4,567 |
| Hazard insurance | $1,995 |
| Flood insurance | $2,400 |
| Utilities | $2,700 |
| Maintenance reserve (1.1%) | $5,225 |
| Septic service | $520 |
| Well & water testing | $260 |
| Dock maintenance | $900 |
| Winterization / seasonal close | $750 |
| Shoreline / seawall reserve | $720 |
| Total | $50,069 |