The following are examples of cash flows in different Communities on the Outer Banks.



Have you thought about owning a
Vacation Homes or Investment Home on the Outer Banks but did not know what it would cost?

Did you know there a great tax benifits that you can take advantage of?

I have prepared cash flows for you below.


$ 275k year round rental                $ 350 year round rental
$ 350k weekly rental                   $ 379K weekly rental
$395k weekly rental                    $ 699k weekly rental
$ 721k weekly rental                   $ 895k weekly rental
$ 1.4m weekly rental                   $1.1m weekly rental





A few things you need to consider when thinking about owning an investment home on the Outer Banks.

The trend has been for the last several years that the number of bedrooms are king and if the home has a Pool or a Hot Tub even better! Another factor to consider is your homes location.You have heard before "Location-Location-Location". That too will determine how well your home will rent and how much you can charge for a week. The more Bedrooms you have the more your home will rent.

You ask why? Well many of our visitor's are finding the Outer Banks a perfect place to hold a family reunions,weddings,retreats etc. And instead of renting several homes and sometime they not being in the same general area, people have enjoyed the larger homes with all the goodies (pool& hot tub)!

Smaller homes can do well also but they need to have some of the extras that the large homes do. Such as a pool and hot tub.

Condo's can be great as well but they do have condo fee's . But are maintenance free! That might fit your lifestyle.

I have tried to show you a few different examples below.

***PLEASE NOTE*** If you find a house that you are interested in on my MLS web site. I can obtain all expense on that home that you are interested in. I would be glad to run the number for you. All I would need from you is the MLS number. Simple as that! FYI, many of the properties on the Outer Banks sell today between 92% to 97% of asking price, so please keep that in mind when you are ready to make an offer.

Financing is a key element to owning a vacation home. Today libor or interest only loans are the way to go! They allow you to buy more house than you even thought possible and at a payment you can afford. At any time you can pay more down on your principle and as you do that your payment will adjust to a lower payment. The difference is with 30 year fixed can be paid down your principle but your payments will remain the same.

Below I have prepared different cash flows for you to review.
I have also included an example of the difference in a home with a 30 year term verses a interest only. I think you will be pleasantly surprised.

                                                                                                                                                           

 
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