This story is featured in this week’s premier edition of Inman’s weekly newsletter, Property Portfolio. Every Tuesday, the newsletter explores the overlapping worlds of real estate professionals and the fast-growing property investment and management sector. Sign up to receive Property Portfolio here.

Are you or someone you know in the market for a beach home you can rent out and use to generate additional income? Look beyond the well-trod destinations for the best investment, according to the fast-growing online vacation rental tech company Vacasa.

Ocean Shores, a small vacation town on Washington state’s Point Brown peninsula, took the top spot in Vacasa’s new report of the best cities in which to buy a beach home to rent out.

The town known for its sandy dunes and abundant razor clams promises some of the highest returns as a rental investment.

The report, which looked at the cap rate — the average properties’ net operating income over fees and the cost of maintenance, divided by the total property purchase price — and calculated how much rental income a property could generate over the course of a year. To come at these numbers, Vacasa looked at over 400,000 properties from Vacasa and other companies like Airbnb.

With a median home price of $239,460, a vacation rental in Ocean Shores can generate a median of $32,383 a year and has a cap rate of 7.6 percent.

Myrtle Beach, South Carolina, and Florida’s Panama City Beach and Santa Rose Beach came close behind at 7.4 and 6.1 percent cap rate, respectively.

“Topping our list is a small town on the coast of Washington State,” reads the report. “If that doesn’t immediately conjure up images of tropical breezes and suntanned skin, you’re right. Ocean Shores is known for its stretch of beaches and waterways, perfect for those seeking outdoor adventure in the Pacific Northwest.”

Check out Vacasa’s full list of the top 10 places to buy a beach house in the US here:

 

Courtesy of Vacasa.

Email Veronika Bondarenko

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×