Sun Realty Outer Banks Vacation Rentals (2024)

FAQs

How do you know if a vacation rental will be profitable? ›

Use ROI, CoC, and cap rate tools

Evaluate the profitability of your vacation rental property by calculating the rental income against your initial investment. Assessing the cash-on-cash return helps identify how much cash flow you can expect from your rental property in relation to the initial capital you invest.

SUMMER. Summer is by far the busiest time on the Outer Banks. Families fill the numerous rental houses and hotels as well as nearby campgrounds. The beaches become hotspots, but never feel too crowded.

Kitty Hawk is the least populated of the three central OBX beach towns, and features relatively skinny shorelines as well as oceanfront homes that are just steps away from the sand.

The Outer Banks is famous for several things, including its historical significance as the birthplace of powered flight and as the location of the first English settlement in America.

Vacation rental owners should look to make no less than a 10% return on their investment. That means your income minus expenses (net operating costs including any mortgage payment) should be no less than 10% of your initial investment per year. This is expressed at the Capitalization (or Cap) Rate.

A 10-20% return on investment from your vacation rental property is considered a good profit margin. Here's how you can calculate the ROI for your property: Calculate the annual rental income by multiplying the average monthly income by 12 or the weekly income by 52.

Outer Banks named most affordable travel destination in US.

Laid Back Like the Outer Banks of Old

Salvo, NC, is the quietest of the three villages of Rodanthe/Waves/Salvo, known locally as the Tri-Villages. Salvo is predominantly residential and perfect for a quiet vacation.

The moon's gravitational pull, the Earth's rotation, and temperature changes between the equator and the poles keeps these waters constantly churning. The area off the Outer Banks is especially turbulent because of how the Gulf Stream collides with colder waters flowing down from the Arctic.

Is it cheap to live in the Outer Banks? ›

Compared to other popular beach destinations on the east coast, the Outer Banks is an incredibly affordable place to live. For example, our area's cost of living is lower than towns such as Charleston, SC, Santa Barbara, CA, and the Florida Keys.

The main towns found in the Outer Banks include Dare County, Nags Head, Corolla, Kitty Hawk, Kill Devil Hills, and more.

As John B. and his friends navigate the ups and downs of their daily lives, they also uncover clues about the treasure and the dangerous people who are also searching for it. With its thrilling treasure-hunting plot, talented cast, and relatable characters, “Outer Banks” has quickly become a fan favorite.

Netflix is being sued over highly-popular series Outer Banks with an author claiming that the streaming giant had stole the characters and plot of his novel.

If you cannot obtain actual figures for a potential property, you can use the one percent rule of rental real estate to determine cash flow. Simply put, a property's rental rate should be at least 1% of the total property value. For a $200,000 property, rental income should at least be $2,000.

Local demand for rentals: Properties in areas with a high demand for rentals can make it easier to fill your property compared to areas that have more for-sale properties. Amenities: Properties with great amenities have a higher chance of attracting tenant interest and can make it easier to charge more in rent.

The simplest way to estimate the likely revenue of an individual vacation rental property is by multiplying the annual occupancy rate by the average daily rate of similar listings in the same area. If you have a specific property in mind, you can use a tool like Mashvisor's Airbnb rental income calculator.