Nestled on the banks of Deep Creek Lake, Suites at Silver Tree is a high-end, all-suite hotel situated with gorgeous lake views. The Suites are approximately 2 miles from Deep Creek Lake State Park and 13.5 miles from Savage River State Forest. The condos are incorporated in Wealthrise's short-term vacation rental model. Typically, short-term vacation rentals boast a higher rate of return due to the larger income generation that investments experience. Although short-term rentals are not classified as “stabilized” due to the high uncertainty associated with the tourism/vacation industry, the highly desirable location of the asset eases the risk.
As most of Wealthrise investments, the condos are projected to be a long-term hold. Currently, they are incorporated in the Wealthrise short-term vacation rental model, taking advantage of the increasing popularity of traveling through the use of Airbnb and Homeaway.
Reasons for Investment
1. Premier Location: Nestled on the banks of Deep Creek Lake, the suites are approximately 2 miles from Deep Creek Lake State Park and 13.5 miles from Savage River State Forest.
2. Higher Returns: Typically, short-term vacation rentals boast a higher rate of return due to the larger income generation that investments experience.
3. Attractive Yield: Although investment metrics are disclosed, Deep Creek Condos offers an attractive return on investment.
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Disclaimer: Information contained herein should not be considered investment advice. Wealthrise makes no representations or warranties and accepts no liability. We suggest that you consult with a tax advisor, CPA, financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks and risk implications associated with any investment.