Pleasure Point Beach Home for sale with Vacation Rental Income
341 35th Ave. Santa Cruz, CA 95062
2 alcove bedrooms
1 bathroom
652 SF living space in bungalow
2744 SF lot
2nd building workshop & office space
1 car parking in front and 2 car parking from alley access
View all the pictures on you tube slide show
Airel video https://youtu.be/Z75rqLaLK-8 (only the first part of this video)
Surf’s Up One Block to Ocean! Your 2nd Beach Home/Personal Residence/Vacation Rental Business that grossed over $85,000/last 12 months renting only 160 days leaving you 205 days that you can use the home as you vacation home or rent it some more.
Pleasure Point Beach Home and Vacation Rental income. Gross rental Income is $85,000/yr renting it just 160 days leaving you 205 days to vacation in Pleasure Point! The owners would like to sell this house with the vacation rental business in place with this website.
Check out the website that shows the rates:
$250 - $300 per night during the week
$1000 for 2 night on the weekend
$2100/week
Take East Cliff drive to 35th Ave it’s in the first block from the ocean!
A charming 1920s garden-style bungalow w/2 alcove bedrooms. Ocean view from 2.5 story 2nd building. Has workshop, office, storage. 2 car parking off alley. leased solar, fenced back yard, Hot Tub, fruit trees, flowers lots of bonus rooms and fun. Offered for $1,100,000
I have written a blog article with all the details for this new listing at 341 35th AVE
In this article I will show you some of the numbers and figures that go into figuring out the return on investment (ROI) This is what I like to call make the home pay for it self. You can't always do that in a home you buy for personnel use. This home lends itself to both personnel use and a business with income.
Below are some return on investment (ROI) scenarios.
Let me show you how the income and expense adds up to make this a end of year investment and your personnel beach home! The first graph spreadsheet that is for someone that is able to pay cash. This business is turn key it comes with a website (called Buck's Beach Bungalow) and help from the current owner. They run it from the internet website and has repeat business. I have been doing the open houses and people say they would like to have rented this home but it is always booked. It's only one block to famous pleasure point surf spot.
It comes with all the advertising and website and vacation rental permit that can be renewed every 5 years.
If you are thinking about buying this home and business and do not plan to manage it your self the owners will continue renting it and cleaning it for a 19% managemtn fee. Of course there are other expenses involved in any business that really depends on how you want to run your business. There is no guarantee that you will receive the same income, it could be more or less. These owners lived in the home as their personnel residence and just moved out when guest came. The business is set up to run on auto pilot. The 2nd building can be used for a workshop, artist studio, family room and office and the 2nd floor can be opened up into the attic for a nice tall ceiling.
The items in yellow are the variables that I have considered for you to work with. That doesn't mean that they are the only considerations in buying a investment home. This is a great opportunity to have a ready made business and beach home and can pay for itself.
This is the estimated figures if you were able to manage the vacation rental business your self. Go to this website and see what comes with it.
Below is the spread sheet for you to buy this home with a loan and a down payment of 30%. Interest rate of approximately 4% on a 30 year fixed rate loan.
In conclusion there are a lot of variables that can apply to buying any home this one just comes with income. If you want to know more about any of this just call/text (Sandy 831-818-7099)me and we can talk about a plan for you to have both a beach home in Pleasure Point and a successful vacation rental.
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Come visit and take a walk along the coast...
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