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👁🗨 Sesemi STR Hot Sheet | 📲 STR Mortgages
Dear Sesemi STReet Subscriber,
We are fresh off a thousand mile (twenty property) tour from Port Orford to Seaside! We want to extend a warm welcome to our recent readers and investors - thank you for joining us as we approach peak travel season on the Oregon Coast.
“For the last 2.5 years, AJ has been keeping an eye on a property that suited my family's needs. He sent me several, never pressuring us to make a decision. Our conversations centered on data and a strong understanding of our "buy box." I highly recommend AJ as an Oregon Coast realtor.” - Thanks Jeff!
As always for a full OR STR overview, to search properties, view our recent transactions and read testimonials visit our website and thank you for your continued support as we strive to deliver the most accurate vacation rental and multi family investment insight and prospects along the Oregon Coast and beyond.
Hosted by OR & CA RE Broker and NMLS Mortgage Broker Anthony AJ Wong.
🗣️ Real Estate Investment & STR News:
This week we discuss short-term-rental Property Management options and solutions on the Oregon Coast. A question we often get from clients is remote management. The options are essentially:
Full time A-Z coverage (20-30% of gross annual income) with one of several local companies. I worked with Vacasa for many years on their Real Estate team but depending on the area I will usually suggest the local brother team of Corey & Ryan at www.itripnorthwest.com They cover the central to northern Coast and beyond with several hundred active properties. They are attentive, caring and professional and a cohesive component of our support team.
Self management. This involves the owner/operator communicating with guests and establishing a local cleaning/manager relationship. A reliable cleaner and back-up are essential for a well operated rental. Along the coast there are several private cleaning companies that specialize in STRs and about half of our clients do (at least initially) self-manage their properties.
On occasion we support investors with unique luxury STRs that warrant special property management consideration. Have you heard of Wander.com? We have visited or toured several of their exceptional hosted properties and fully validate their reputation and performance. The average Wander hosted home nearly doubles the average production of a comparable property. This week we feature two of the ONLY properties up to their standards on the Oregon Coast that are offered for sale! (Request the formal Projections!)
We’re continuing to keep an eye on the proposed tax cuts that could extend the STR Tax Loop Hole!
Featured Property of the Week
🏃🏽♂️ Here are 20 Oregon Coast Vacation Rentals For Sale:
339 Perpetua St Florence OR - 2/1 1006SF - Near beach & STR eligible. Asking $339,900
436 S Franklin St Seaside OR - 2/1 1156SF - Near beach & STR eligible. Newer roof and heating. Asking $469,000
1896 W Park Rd Florence OR - 2/2 1700SF - In town home - STR eligible. Asking $487,900
1345 Mulberry Ln Florence OR - 4/3 2219SF - Near beach home. STR eligible. Asking $595,000
12990 I Street Nehalem OR - 2/1 1072SF - Updated home. One person STR waitlist. Asking $639,000
48470 Hawk Dr Nehalem OR - 3/1 834SF - Near beach active STR with transferrable permit. ‘Cash only’ but have lender who pre-qualified. Asking $640,000
6859 Highway 126 Florence OR - 3/2 1703SF - Updated home with river and mountain views with outbuildings. Asking $651,500
507 NW Alpine St Apt 302 Newport OR - 2/2 1173SF - Oceanfront condo with rare Newport STR permit. Asking $675,000
280 NW Huckleberry St Waldport OR - 4/4 1692SF - New construction turn-key townhome with STR permit. Asking $710,000
5840 8th St NW Tillamook OR - 3/2 1848SF - Back on market. County eligible for STR permit. Asking $729,000
270 Allen Rd Brookings OR - 3/3 2243SF - Oceanview home with STR zoning. Asking $780,000
461 S Home Ct Rockaway Beach OR - 3/3 2250SF - Oceanview Home with transferrable STR permit. Asking $825,000
34715 Necarney Blvd Manzanita OR - 4/3 2000SF - Active STR with rare Manzanita transferrable STR permit. Asking $1,125,000
2385 Ocean Vista Dr Seaside OR - 5/4 3206SF - Active Oceanview STR. Asking $1.288M
20525 E Mountain Country Ln Brightwood OR - 4/5 3791SF - Riverfront STR eligible property near Mt. Hood. Asking $1.6M
4850 Fairway Ave Gearhart OR - 4/4 2680SF - Oceanfront Estate. STR eligible. Asking $1.775M
32227 Seascape Ln Cannon Beach OR - 3/3 2938SF - Oceanview home on county acreage. Eligible for unlimited STR usages (No CAP or rental restrictions) confirmed with county* Asking $1.8M
4205 Knoll Ter Neskowin OR - 3/3 2468SF - Oceanview Architectural Masterpiece. Wander.com eligible home subject to 8 person waitlist. Request $230K Gross Annual Income projection! Asking $1.875M
108 Sea Cliff Ter Brookings OR - 5/5 5571SF - Luxury Estate with direct water access. Wander.com eligible home. Request $180K Gross Annual Income projection! Asking $2.198M
1913 Alder St Rockaway Beach OR - 12 Oceanfront 1/1 Units. $260K Gross. Asking $2.5M
BONUS: Here are three multi family listings
16 Hamilton St Medford OR - Four-plex. Asking $610,000
335 D St Springfield OR - Six Plex. Asking $995,000
14 W 8th St Medford OR - 10 Total Units. Asking $1.35M
👁🗨 Our exclusive STR HOT SHEET is updated daily and features 100+ active and off market vacation rental properties for sale. Search 24/7/365 at www.sesemisheet.com
Thank you for reading this week’s edition of Sesemi STReet your premier information source for vacation Rental and investment property insight throughout Oregon & California.
Browse ALL active and eligible Oregon Coast vacation rentals listed for sale on our invite only STR HOT website SESEMI SHEET updated daily! Text for secret passcode.
Selling a property sometime soon? Supercharge your 1031 exchange search with HIGH ROI properties including: Apartment Complexes, RV & Mobile Parks, Storage, Industrial, Commercial and Development Opportunities.
P.S. As a licensed NMLS mortgage broker with C2 Financial we cohesively support investors with curated loan programs. If you are in contract or considering an offer on a property nationwide, feel free to forward your BEST quote to our team for a zero obligation second look loan review. For those pending, we offer a 24 hour full loan commitment to help you and your agent win the offer! Reach out for optimized weekend Pre Approvals and professional mortgage support.
Ask about our premier mortgage programs:
Elite Jumbo & Super Jumbo Loan Rates
FHA, VA & Conventional
STR and AirBNB Mortgages
1-100 Units + Commercial
Expedited refinances and HELOCS
DSCR (Debt Service Coverage Ratio) Mortgages for 1-100+ Units
Ground Up Construction financing
Alternative income verification (1099, Bank Statement, Asset depletion)
Private & Portfolio Programs
Anthony AJ Wong
Licensed Oregon Real Estate Broker
Fathom Realty Oregon
📞 541-800-0455 | License #201231202
🌐 My Website | 👖Bigger Pockets Feature Agent Profile | 🗓️Book 15 Minute STR Consultation
⭐️ What Clients Say
👁🗨 STR HOT Sheet
FL NMLS ID: 2297941
