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42569 Old Yosemite Rd - FULLY FURNISHED -AIRBNB STR Rental - 10% CAP

2,603 SF Speciality Building Offered at £859,913 at a 10.57% Net Initial Yield in Oakhurst, CA 93644

Investment Highlights

  • July Gross rent = $21,000
  • convert the barn to a living space and rent it out!
  • more cash flow opportunites
  • June Gross rent = $16,000
  • build another structure over by the observatory!

Executive Summary

Experience Old Yosemite Lodge: a luxurious move-in-ready, FULLY FURNISHED residence on approximately 11 acres of serene beauty, boasting 360° mountain views from most every room. Operating as a success short term as of Summer of 2024, June and July brought in $16,000 gross for each month, based on market data and industry software it is projected to make $140k revenue for the year. If you increase occupancy it can potentially increase revenue to $160K. If you convert the barn (check with county) potentially revenue is $211K. Enjoy expansive upper decks, a second-floor kitchen, living area w/ vaulted ceilings, dining and primary bedroom, all designed to maximize vista views. Relax in the 12-person in-ground stone spa and enjoy recent upgrades including a brand new AC unit, a new high efficiency SPA heater and LVP flooring in the downstairs bedrooms (and primary). Downstairs, you’ll find three bedrooms, two bathrooms, cozy living room, mini bar, and open space/game area. The fully fenced backyard is perfect for relaxing, complete with landscaping, stone spa and firepit. Front yard has plenty of parking and RV storage! The 1500 sqft barn, with 12.5' rollup door has been fully insulated, painted, and outfitted with new 48" windows highlighting the views. The studio apartment inside offers extra living space with bathroom and kitchenette. Essential amenities include a motorized touchpad entrance gate, large water tank, 500-gal propane tank, unfinished observatory, 2 water wells generating approx 9 gal a minute, and Generac generator (approx 5 years old) Future potential:Property zoned AR-5 (agricultural, rural-5 acre). Turn barn into a bardominium. Observatory area is a great flat pad for a potential build. There is a possibility to subdivide into 2 parcels to allow building of two additional homes. Buyer to verify all info and options w/ county. Major Upgrades made in the last year include New Spa Heater: $7,000, New Central Air: $12,000, Bathroom Renovation: $15,000, Barn Insulation & Drywall: $20,000, New Furniture: $30,000, Extensive Land Clearing: $7,500 & LVP Flooring: $4,000. Perfectly situated just 14 miles to Yosemite National Park's South Entrance, 6 miles to Bass Lake, and 6 miles to Oakhurst, it also offers a peaceful retreat with unobstructed views and prime sunsets on the wraparound deck. Enjoy low light pollution ideal for stargazing, making this home the perfect extension of the park. DO NOT GO direct, plz set appointment. Agent is owner

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income £90,921 £34.93

Financial Summary (Actual - 2024)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual £90,921
Annual Per SF £34.93

Property Facts

Price £859,913
Price Per SF £330
Sale Type Investment
Net Initial Yield 10.57%
Property Type Speciality
Property Subtype Residential Income
Lot Size 13.04 AC
Building Size 2,603 SF
Number of Floors 1
Year Built/Renovated 2005/2023
Parking Ratio 2.31/1,000 SF
Opportunity Zone Yes

Amenities

  • Air Conditioning
  • Smoke Detector

zoning

Zoning Code AR-5 (agricultural residential - 5 acre)
AR-5 (agricultural residential - 5 acre)
  • Listing ID: 32504094

  • Date on Market: 18/07/2024

  • Last Updated:

  • Address: 42569 Old Yosemite Rd, Oakhurst, CA 93644

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