Case Studies

10 Properties

$10M Real Estate Value

$1.5M Revenues

20% Cash on Cash Returns

A two-story wooden house on a hill surrounded by trees, with an exterior staircase. The interior image shows a cozy room with wood-paneled walls and ceiling, a small indoor pool with a handrail, seating area with chairs and a small table, and framed pictures on the walls.

Hickory Splash

Sevierville, Tennessee
 

First success story in an emerging market that went from initial purchase thru 1031 Exchange to upscale the portfolio.

Purchase Price: $0.5M

Sold Price: $0.9M

Revenue: $0.1M

Cash Flow: $0.05M

Cash on Cash Return: 50%

Living room with a balcony featuring large windows, a stone fireplace, and modern furniture including a sofa, armchairs, and a patterned rug

Bear Feet Retreat

Maple City, Michigan
 

Amazing location with water amenities for great summer family vacations.

Purchase Price:             $0.9M

Current Value:                $1.4M

Revenue:                         $0.25M

Cash Flow:                         $0.1M

Cash on Cash Return:    40%

Covered outdoor patio with wooden ceiling, stone fireplace with a flat-screen TV mounted above, wicker chairs, sofa, and decorative plants, overlooking a forested area.

The Ridge

Sevierville, Tennessee
 

Custom-built property leveraging experience from Hickory Splash

Purchase Price: $0.9M

Current Value: $1.2M

Revenue: $0.14M

Cash Flow: $0.04M

Cash on Cash Return:        22%

Outdoor deck with a large rectangular dining table, multiple chairs, a seating area with outdoor sofa and armchairs, a large beige patio umbrella, overlooking the ocean and blue sky.

Sunset Haven

South Haven, Michigan
 

Amazing location with water amenities for great summer family vacations.

Purchase Price: $1.3M

Current Value: $1.4M

Revenue: $0.2M

Cash Flow: $0.05M

Cash on Cash Return: 19%

Modern gray house with large windows, surrounded by landscaped garden with shrubs, small trees, and potted plants, set in a wooded area.

Blue Cedar

Saugatuck, Michigan
 

Secluded location near water with amenity upgrades to increase Average Daily Rate.

Purchase Price: $1.4M

Current Value: $1.5M

Revenue: $0.2M

Cash Flow: $0.07M

Cash on Cash Return: 23%