23160 S Madrona LOOP, Worley, ID 83876

Cash flow on Lake Coeur d’Alene. BNBCalc rates this property A for short-term rental — $71,656 projected annual revenue, 58% occupancy, $338 average nightly. 19.3% cash-on-cash. 11.1% cap rate. HOA-approved STR. Boat slip on Cave Bay included.
This is the lake property that pays for itself. Wrap-around deck with a pergola, panoramic mountain and water views, your own slip on a private community marina, members-only sandy beach, private boat launch, community park — all about 2 minutes from the front door. HOA covers community water, sewer, and snow removal.
Owner has invested $30,000+ since 2017 — new deck, new gutters, updated flooring, remodeled bathroom, washer/dryer, appliances, septic pump. Heat pump and central air. Propane backup stove keeps the house warm when the grid doesn’t cooperate. Metal roof. 1-car garage. High-speed internet. All appliances included.
Independent appraisal on file from May 2026 — full report available to qualified buyers. Top 9% of comparable Cave Bay area units on occupancy.
7 min to Coeur d’Alene Casino & Resort. 30 min to downtown CDA. 55 min to Spokane International — non-stop to LA, SF, Denver, Seattle. 1979 HUD-compliant double-wide. Cash, conventional, portfolio, and DSCR financing welcome. Schedule a private showing.
Second-home buyer who wants a boat slip and a property that pays its own way? This is the file. Schedule a private showing.
Relocating to North Idaho? Lake CDA address, Spokane airport 55 min, no state income tax. Schedule a private showing.