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Archived 11 months ago

$675,000

4 bd 3 ba 2860 sqft

40866 Hodges Hil, Oakhurst, CA 93644

Residential SFR Occupied Needs Repairs

Current Rent **

$10,000+

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

STR near Yosemite

Own a Yosemite Getaway That Pays You Back! Dreaming of a mountain retreat that helps fund your lifestyle? This fully furnished Oakhurst gem is just 15 miles from Yosemite and 7 miles to Bass Lake and it's already a proven income earner, averaging $98.5K/year in annual gross nightly rent (or $123k if you include cleaning fees) over the past two years. With 2,860 sq ft 4 bed 3.5 bath of total living space, the layout includes: A 2 bed, 2 bath main home (1,968 sq ft) A daylighted 320 sq ft finished basement (bonus bed + half bath, shower & vanity, no toilet) A 600 sq ft detached guest studio with its own bed & bath A 550 sq ft detached shop-turned-game room * Fiberglass pool and hot-tub. Brand new, ground mounted, owned solar with a 10 yr loan with $750 monthly payment. Solar system not in pictures, but is installed in flat area in front of garage. Also generator with auto start if the power goes out. The property comes fully furnished, and with $30,000 IN FUTURE SUMMER BOOKINGS if you choose to stay with the current management company - making this an easy, income-producing start for first-time investors. The homes are a little worn and dated so there's PLENTY OF ROOM TO ADD VALUE and make it your own. Whether you're seeking your first investment, a vacation property that offsets costs, or a creative retreat with earning potential, this is your launchpad. Opportunities like this, in a location like this, don't come often.

Location:

40866 Hodges Hil, Oakhurst, CA 93644

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.