Rewarding Investment Opportunities under $1,000,000
These Outer Banks semi-oceanfront properties have ocean views, much less risk and much less Maintenance!
With all annual expenses paid, including mortgage, there is an annual cash income of ± $18,000, representing a 5.5% return on capital invested.
Beach properties are once again appreciating in value.
This property has the opportunity to add value and increase income.
Of course, there is personal use and enjoyment when the property is not rente
Ocean Hill, Corolla
6 BR, 5 BA, 2,900 sqft HLS
Semi Oceanfront, reverse floor plan,
fire place, pool, decks, ocean access, lighthouse view
Listing by Matt Myatt, Keller Williams, MLS#103363
This location is more protected from wind and waves than direct ocean front, with less risk and requiring less maintenance.
After annual expenses including mortgage payment, this property has steady net income of $12,000.
This represents a return of 4.5% on $265,000 capital invested.
Keep in mind, the property is appreciating AND
Owner gets opportunity to use when not rented.
(Spring and Fall are great times on the Northern OBX!)
Wonderful location and great ocean views!