If you are looking for strictly investment information I use several investment calculators that determine return on investment, cash flow, pre-and post tax earnings, cap rate, etc. How long are you planning to hold the property before you expect to realize a return?
I am wondering if the home is really worth $300,000 more than the ask. Foreclosed properties in Hastings average 29% less than traditional sales. We do a Comparative Market Analysis and a Market Trend Analysis to determine true market value today and forecast future trend for the property. My initial offers on these depend on the analysis results particulary the Market Trend Analysis.
Lake homes have been hit by the same market conditions and we have a number of great deals on these as well. Let me know if we can assist you.