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- 🏘️ 13 best short term rental opportunities | November 23, 2023 (Happy Thanksgiving Edition!)
🏘️ 13 best short term rental opportunities | November 23, 2023 (Happy Thanksgiving Edition!)
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Nestled along the picturesque coastline of SW Lincoln City, Oregon, this unique oceanfront property offers a distinctive 7-bedroom, 4-bathroom traditional-style home. With private shared direct beach access and a location conveniently situated near all essential amenities, this property presents an exceptional opportunity for coastal living. Originally designed as a duplex, it currently serves as a spacious retreat suitable for large gatherings, with the potential for conversion back into a duplex or as a vacation rental, subject to verification of uses with the Lincoln City Planning Department. Enjoy the convenience of two fireplaces, two well-equipped cooking spaces, and two inviting living areas, all adorned with comfortable furnishings that perfectly complement the coastal ambiance. Recent upgrades include new siding and upscale vinyl plank flooring, harmonizing modern elegance with coastal charm. With ample parking and a layout tailored for hosting grand events, every guest can relish their own personal space while taking in the serene beauty of the surroundings. This versatile property, zoned R1.5, provides an enticing opportunity for potential investors to explore various usage options. Delight in breathtaking sunsets, occasional whale sightings, and the rhythmic melody of crashing waves, all from the comfort of your new home. Step outside to the expansive patio featuring a private hot tub, ideal for unwinding after a long day. Take in the fresh coastal air from any of the four viewing decks, providing a seamless blend of indoor and outdoor living. Sold fully furnished, this turnkey retreat is poised to offer a seamless transition into the coveted Oregon coastal lifestyle. Discover the unparalleled charm of this prime real estate, where comfort and natural beauty harmoniously converge within reach of all the amenities you could desire.
7 Bedrooms, 4 Bathrooms
Average Daily Rate: $573
Expected occupancy rate: 65%
Monthly expected income: $11,329
Monthly expected expenses: $9,249
Monthly expected cash flow: $2,079
Expected cash on cash return: 7.7%
This is the one! This home has just about everything you could want in a quiet setting but close to the best of Mount Washington Valley. Warm wood floors abound on both floors of the home complemented by tasteful finishes, light filled spaces and high ceilings. The first floor has a spacious living area that flows into the dining area and kitchen. These rooms are accented by a wall of windows bringing in natural light and opening to a handsome deck on the front of the house. Down the hall is the en suite bedroom with plenty of room and a tiled bathroom. Head up the custom stairs with a large landing and find two bedrooms complete with ample closets and large windows and a generous bathroom with loads of elbow room. A full basement provides tons of storage and the opportunity to create more living space. This home is in Bartlett with easy access to skiing, hiking, shopping and dining. Built with craftsmanship in mind and used very gently over the past five years, this home is perfectly ready for you to start enjoying the best the area has to offer!
3 Bedrooms, 3 Bathrooms
Average Daily Rate: $366
Expected occupancy rate: 64%
Monthly expected income: $7,125
Monthly expected expenses: $5,013
Monthly expected cash flow: $2,112
Expected cash on cash return: 16.9%
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