Annual Cost Analysis

ANNUAL OPERATING EXPENDITURES FOR AN AVERAGE CABIN AT LCR AS
COMPARED TO COSTS FOR A SMALL COTTAGE IN THE NEW BUFFALO AREA
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LCR
Cabin Cost
New Buffalo
Cottage Cost
Annual LCR membership fees for 2016
 $2,950
 N/A
Cable TV cost
 Included in Fees
 $516
Chikaming Township sewer & water
 Included in Fees
 $480
Grass cutting, fertilization, tree pruning, etc.
 Included in Fees
 $1,000
Garbage pickup
 Included in Fees
 $240
Amenities maintenance — pools, lodge, playgrounds
 Included in Fees
Not Available
Extrerior staining of cabin — log siding, porch, lattice, etc.
 Included in Fees
 $700
Wireless high speed internet access (Main Lodge)
 Included in Fees
 $600
Property taxes
 Included in Fees
 $5,500
Electric usage for your cabin
 $300
 $600
LP gas cost if cabin is winterized (for range and furnace)
 $120
 N/A
Natural gas cost
 N/A
 $400
Average insurance cost (will vary depending on cost
of cabin and other factors)
Resort activities — bands, bingo, cookouts, etc.
(rarely an additional charge)
 Included in Fees
Not Available
Safe roads for walking and biking
 Included in Fees
 Maybe
New family friendships created through
resort community living
 Priceless
Not Available
——————————————————————————————————————————————————
Total Annual Operating Expenses
3070
 $11,236
 ÷12 mo
  ÷12 mo
Total Monthly Operating Expenses
 $256
 $936
——————————————————————————————————————————————————
Financing Expenses on a Cabin at LCR
Based on a $125,000 cabin and site license cost with
$50,000 cash down payment
Cabin loan payments (based on a 12 year $75,000 loan)
Financing Expenses on a small cottage in Michigan
Based on a $250,000 small cottage cost with $50,000
cash down payment
$830
x 12 mo
=$9,960
$1,300
x 12 mo
Mortgage Payments (based on a 30 year $200,000 loan)
=$15,600
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TOTAL Monthly Operating Expenses and Finance Cost
CABIN $1,061
Cottage $2,236
All above numbers are based on projected 2013 operating costs and financing costs for a typical cabin at Lakeside Cabins Resort. These should be used for comparison purposes only and may not be the exact cost of operating a cabin.