Why you should purchase a condo boat slip at Semiahmoo versus rent

at Port of Bellingham

Return on your investment: Example of buying slip versus renting one for a 40 foot power boat

Rent at Blaine Marina

• Monthly rental $327 ($3,926 Annual)
• Annual electrical hook up $83
• Total annual cost $4,007

Own slip at Semiahmoo Marina Condo Association (SMCA)

• Condo dues $199 per month ($2,388 Annual)
• Annual Electric hook up $120
• Annual slip owner savings on fuel purchase (assume a power boat with annual fuel use of 800 gal) $200
• Property tax (deductible) $200
• Total Annual cost $2,508
Positive annual cash flow of ownership at SMCA = $1,501
In this example, if the slip is purchased for $30,000 the annual return on this investment would be 5%
plus any appreciation in the asset value. At the end of 5 years ownership would generate $7500 of
positive cash flow and any appreciation in the slip value and you still own the slip

Other benefits of ownership

• 10% discount on all Marina Store purchases
• 10% discount on purchases at the Semiahmoo hotel and resort
• Free showers in the recently updated bath house
• Free Wi-Fi with option for high speed upgrade for streaming
• Free at slip Pump out
• Residence in one of the best maintained Marina’s in the Northwest in one of the world’s most beautiful locations

Sample the greatest marina experience in the Northwest for free!!!!!!


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