Rewarding Investment Opportunities under $1,000,000

 
These Outer Banks semi-oceanfront properties have ocean views, much less risk and much less Maintenance!


 

 

Wave Watch
Spindrift, Corolla

5 BR, 4 BA 3,300 sqft. HLS
Semi Oceanfront, reverse floor plan,
fire place, pool, hot tub, covered decks,
ocean access
474 Landfall Court is in a very peaceful
community with one acre lots.
 
$875,000
Cashflow Analysis

Wave Watch generates a steady ± $70.000 gross income.
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 rented.

 


 

 

Ocean Hill
Corolla

6 BR, 6 BA, 2,992 sqft HLS
Semi Oceanfront, reverse floor plan,
fire place, pool, decks, ocean access
 
$765,000
Cashflow Analysis

Situated on a large semi ocean lot, the property has views of the ocean and is close to the beach access.
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!

 


 

 

Dream Catcher
Whalehead, Corolla

5 BR, 4 BA, 2,620 sqft HLS
Semi Oceanfront, reverse floor plan,
fire place, pool, decks, ocean access
 
$689,000
Cashflow Analysis

This property is performing below par as an investment.
At full asking price, it just clears the gate with a down payment of $300,000.
Because of location and lot size, it deserves a closer look – improvements can be made, value added and better marketing to increase rental income by 70%.
This is a promising property for those with time and inclination to update, improve and increase rental income.
Lilias Morrison can show potential and advise on setting up and implementing a budget and plan for improvements.
Remember, Owner gets opportunity to use when not rented.
Enjoy your beach investment property over holidays and as your own personal retreat.