868 Aqua Vista Loop, Yachats, OR 97498

Three Bedroom Townhouse Available Soon! New Construction 2012 Three Bedroom Townhouse Two-Car Tandem Garage Preference For Yachats Residents and/or People Working in Yachats. Income Restrictions Apply - Depends upon the number of family members Available to People 50% - 80% Area Median Income - We have the income information. Initial Paperwork to Ensure Eligibility Annual Paperwork to Ensure Continued Eligibility FOR RENT or FOR SALE (We do not hold the listing, but can help you write an offer to purchase) Rent = $1000. Deposit = $1000. Owner Pays Water/Sewer, Trash and Landscaping. Renter Pays Electricity. No Pets! No Smoking! Call Assurance Real Estate Services 541-265-2400 Equal Housing Opportunity Owner Objectives: Our ultimate objective is to sell the units on an affordable basis. Therefore, we prefer tenants who may ultimately be able to qualify for a loan that would enable them to purchase their unit. "Bad credit" makes loan qualification problematic and indicates potential problems paying rent. Our target demographic is 50-80% of Lincoln County area median income (AMI) as defined by Oregon Housing (HUD). An applicant does not "qualify" simply by being above 50% of AMI. Given our rents, we are targeting primarily the upper half of that range. The rent must be affordable to the applicant. We view affordability as total occupancy expense (rent plus electric) of 30% of the tenants' gross income, and we are unwilling to make deviations in that percentage. Our higher rent units, therefore, require a higher gross income than the lower rent units. Another objective is to provide housing for working families already residing in the greater Yachats area. We currently have two out of six occupied units with households who are not employed in the local community. Given our mixture of objectives, it is not really possible to create definitive "pass/fail" criteria in advance. Our decisions must be based on a balancing of all our objectives against all of the data concerning a potential applicant.