Listing Courtesy of: Lincoln County MLS / Vacasa Real Estate LLC / Taj Richardson
$2,200,000
9
BED
9
BATH
1,812
SQFT
180 Prospect Ave Yachats, OR 97498
Active (11 Days) Vacasa-managed
Vacasa Est. Annual Revenue Estimated Annual Revenue is an estimate of the gross rental proceeds the property could generate if offered as a vacation rental, based on information Vacasa has about this property and the rental performance of similar properties. Actual rental proceeds could differ materially from this estimate and Vacasa makes no representations or warranties about its accuracy. Learn more
$27,637
Vacasa Est. Cap Rate Estimated Cap Rate is an estimate of the capitalization rate for this property, derived by taking the estimated gross rental proceeds the property could generate if offered as a vacation rental, less estimated expenses, divided by the price. The actual cap rate could differ materially from this estimate and Vacasa makes no representations or warranties about its accuracy. Learn more
0.26%

Rental Projections

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Comments

The Ocean Cove Inn is a great little vacation rental motel in the amazing Yachats community. This group of nine well decorated, ocean-view rooms boast large windows, hardwood floors, and a great central location. Each unit sleeps at least two guests (a couple sleep four), and all have at least a small sitting area with TVs, cable, and WiFi, while some have sofas and full kitchens! There is outdoor seating on a deck out front with gorgeous ocean views! Close to everything in Yachats, including nearby, a bluff trail runs through town with amazing ocean views. This vacation rental is turnkey managed and being sold in full operational order. The property is being offered at a 6% capitalization rate with an owner projected potential 10% cap rate.

MLS #
20-2245
Taxes
$7,278 (2019)
Lot Size
0.32 acres
Type
Multifamily
Year Built
1990
Style
Traditional
Views
Ocean
County
Lincoln County
Bathroom Details
Subdivision
  • Na
Heating and Cooling
  • Other - Heat
  • Other - Cooling
Exterior Features
  • Other
  • Roof: Other
Utility Information
  • Sewer: Public
  • Fuel: Other - Heat, Other - Cooling
Garage
  • None
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Taj Richardson
Taj Richardson
Lic. 200709164
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