Cash Flow Pro-Forma: The Fine Print
Below are sample Pro-Formas to help you analyze your investment options. Whether you call them Investment Examinations, Analysis, or the classic "Performa," they all share one thing: they are only as good as the data entered.
Accuracy & Professional Advice
While every effort has been made to provide accurate data, these pro-formas should be used as guidelines only.
Professional Recommendation: If a Pro-Forma is your primary reason for proceeding with an investment, take it to your accountant. We are real estate experts, not tax professionals. Everyone’s financial situation is unique; please consult with your CPA before closing.
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$845,000
4 bd
2 ba
This coastal gem packs a punch and is move in ready. Views from the single level living area are extraordinary. Extensively renovated since 2018, and has brand-new front decks. The floor plan is efficient and positions two bedrooms on either side of the home with a Jack-and-Jill bath on the right side of the home and a Hall bath shared between the two guest bedrooms on the Left side of the home. From the main level deck you can access a covered crows nest, large enough to host a clam bake or relax and take it all in. A sun deck is also part of the crows nest so you can decide on full sun or shady enjoyment. There is an elevated hot tub that sits below the home with an outdoor shower area and fish cleaning table for your convenience. This one is ready to go, come and see this little gem for yourself.
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$2,550,000
9 bd
10 ba
548 sq ft
Prepare to be captivated by this phenomenal oceanfront haven, a rare offering that seamlessly blends luxury, privacy, and unmatched investment potential. History speaks for itself…with 2023-2026 rental income exceeding $250K annually. Appropriately named “Rising Sun” and ideally located in the Salvo oceanfront community, this 22,500 sq. ft. lot boasts a solid dune line with uninterrupted ocean views from sunrise to sunset. The ground level is total paradise. Dive into the resort-style pool zone with a dreamy waterfall, swim-up bar, and a kiddie pool. Soak your worries away in the hot tub, sip something tropical at the custom tiki bar, or fire up the grill in the outdoor cooking area. Two outdoor showers, plenty of shady hangout spots and an oceanfront just steps away make this backyard location the perfect playspace. The first floor offers endless fun. Challenge friends and family to foosball or a billiards game or enjoy movie night in the home theater. Middle-level accommodations galore will keep your guests scrambling to pick out their favorite space to crash. Two bunk rooms with a handy Jack and Jill bath will keep the kiddos happy, and 4 master ensuites with convenient deck access offer the perfect spot to enjoy fresh ocean breezes and a morning coffee too. There’s even a media room with a full-size fridge and wet bar. The open-concept, main level living is the perfect entertainment space with cathedral ceilings and endless oceanfront views. This well-appointed gourmet kitchen is made for feeding a crowd… double wall ovens, two dishwashers, a spacious prep island, and island seating at the wet bar. And, there’s even a seat for 30+ guests to enjoy a seafood meal fit for a king. Two king-size ensuites and a loft check all the boxes that make third-level living pretty special. Rising Sun's floor plan measures 6,850 square feet of finished and heated living area which offers 10 bedrooms, though Dare County permitting allows for only 9 bedrooms. The finished but unheated ground level add another 550 square feet. With a proven rental history with exceptional ROI, this property is perfectly positioned for savvy investors. Enjoy the laid-back Salvo beaches that offer plenty of privacy, peace and quiet.
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$11,000,000
9 bd
10 ba
A WELCOME RESPITE—THE PREMIER LUXURY OCEANFRONT ESTATE OF THE OUTER BANKS!
360-DEGREE WATER VIEWS, NINE EN-SUITE BEDROOMS, PRIVATE POOL, HOT TUB, PUTTING GREEN, ELEVATOR, AND EXCEPTIONAL RECENT UPDATES!
Set along one of the most breathtaking stretches of the northern Outer Banks, 101 Station One Lane offers a distinctive combination of privacy, generous living spaces, luxury, and natural beauty. Located in prestigious Pine Island, where the Atlantic Ocean and Currituck Sound nearly meet, this remarkable estate captures panoramic water views in every direction—sunrise over the ocean, sunset over the sound, and secluded beachfront just steps from your door.
Designed for private enjoyment and exceptional rental appeal, the home offers approximately 11,000 square feet with nine oversized bedrooms, each with an en-suite bathroom and generous closet space. The bedrooms are arranged across three levels—two on the first, five on the second, and two on the third—creating comfort and privacy for family, friends, and guests.
Expansive windows frame sweeping ocean views from the great room, while the dining area enjoys spectacular sound views, placing both bodies of water within daily view. Beautifully equipped for large gatherings, the gourmet kitchen features new quartz countertops, updated sinks and faucets, a new KitchenAid double wall oven and microwave installed in 2026, Thermador refrigerator and freezer towers, a Thermador cooktop and downdraft, two dishwashers, generous workspace, and an entertainer-friendly layout.
Amenities include a theater room seating more than ten, a recreation room with pool table, foosball, and shuffleboard, a sunroom, six-person sauna, two gas fireplaces, elevator, and spacious one-car garage.
Significant improvements include a new roof in 2020, an added ninth bedroom and bath, new poolside wet bar and patio, new third-floor deck and dune walk, refinished existing hardwood floors, new hardwood flooring in the second-floor hall, upgraded AV and smart-home systems, refreshed paint and furnishings, and extensive landscaping and irrigation upgrades.
Modern Ipe wood and cable-railed decks wrap around the home, providing 360-degree views and seamless access to the coastal landscape. Below, a saltwater pool, hot tub, poolside cabana with wet bar with refrigerator and television, luxury fire pit, private five-hole putting green, screened porch, and expansive seating areas create a self-contained resort experience. A private dune walkway leads directly to the beach, an extraordinary and treasured feature along the Carolina coast.
The property is set on an expansive 1.35 acres with unique 250 feet of ocean frontage leading to a secluded beach. Professionally landscaped grounds complement the natural surroundings, while the semi-private street includes only two other residences, adding to the sense of exclusivity. Pine Island owners also enjoy access to the community’s private airstrip.
Just across the street, the Pine Island Audubon Preserve offers trails through maritime forest, live oaks, coastal habitat, soundside wildlife, and waterfowl. Corolla’s historic attractions, shops, restaurants, and wild horses are just to the north, while Duck’s soundfront boardwalk, dining, boutiques, and village charm are minutes to the south.
Exclusive, private, and spectacular, 101 Station One Lane presents an exceptional opportunity to own one of the Outer Banks’ premier oceanfront estates—delivering unmatched water views, extraordinary amenities, and a truly one-of-a-kind setting. **Please request the detailed Special Features and Improvements Sheet for a complete and extensive list of all recent improvements!!
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$1,499,000
6 bd
4 ba
Opportunity abounds at this oceanfront retreat in the sought-after Ocean Sands community of Corolla. This property offers exceptional flexibility, with confirmation that the lot can accommodate a 7-bedroom new construction home with a pool. A site plan has already been engineered and is available in the associated documents. Twiddy's rental projection for a new construction 7-bedroom oceanfront home with a pool ranges from $271,905-$312,406, making this an outstanding investment opportunity. The current 6-bedroom cottage has been cherished by the same family for three generations since 1980. It captures the simple Outer Banks lifestyle of yesteryear, when families would head to the coast for long weekends and summers spent watching children build sandcastles, playing in the waves, and ending the day with an outdoor shower, freshly picked crabs on the screened porch, and stargazing by the sea. For those who value the nostalgia of a traditional coastal cottage, this home offers the perfect chance to renovate and enjoy a classic beach retreat. Ideally located beside the community’s beach walkway, the property provides effortless access to the sand and surf just steps from your door. From sunrise views over the Atlantic to quiet walks or bike rides through Corolla’s peaceful streets, the setting embodies the best of coastal living. Nearby attractions include the historic Corolla Village, Currituck Beach Lighthouse, local shops, restaurants, and the famous wild horse tours that make this area so special. Whether you choose to restore the existing home or build anew, this oceanfront property offers endless potential, an unbeatable location, and the timeless appeal of Corolla living. Please note: An older-style metal spiral staircase provides access to the third level and is best suited for those in good health who can comfortably navigate stairs. Current tax records state 4 bedrooms. Owner is working with county to have record updated.
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$749,000
6 bd
4 ba
Fascinating Real Estate! The Inn at Rodanthe: Iconic oceanfront. You've seen the story. Now own the next chapter! Want to own a piece of "Nights in Rodanthe" Cinematic History? Phenomenal rental income / Wake up to endless Ocean views, breathtaking scenery, abundant outdoor living, and incredible investment potential. This home features multiple levels of oceanfront porches to relax, dine, entertain or simply watch the ever-changing beauty of the sunrises, dolphin offshore, birds feeding... Whether you're looking for a premier vacation home, a lucrative rental investment of a one-of-a-kind 6 BR/4.5 BA 2933 SF oceanfront escape; this home has it all! Imagine enjoying your morning coffee at sunrise, drinks over ocean views or loving the character and history of this magical Ocean front home. This is your chance to own an extraordinary piece of the Atlantic Ocean coastline and a home with a story like no other!
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$1,975,000
7 bd
6 ba
Looking for a turnkey oceanfront property but do not want to rely on over inflated projections? Looking for actual data and not a forecast or padded projection? Look no further. Three solid years of consistent solid income on file!
Consistent income, proven performance, and an unbeatable oceanfront location—this is the type of investment opportunity that buyers spend years waiting to find. Situated in the heart of South Nags Head, this 7-bedroom, 6-bath oceanfront retreat has demonstrated exceptional rental stability, generating advertised annual rental income between approximately $173,000 and $181,000 over the past three rental seasons. Unlike properties that rely on optimistic or inflated rental projections, these are actual documented rental figures from multiple consecutive seasons providing buyers with a proven track record of performance. In a market where many investment decisions are based on estimates and assumptions, this property offers actual income history that helps reduce the uncertainty often associated with vacation rental ownership. Buy with confidence. Adding to its appeal (as noted in reviews), modern updates and thoughtful upgrades throughout the home create an outstanding first impression for both guests and prospective buyers, helping support the property's continued rental success.
Wake up to breathtaking ocean sunrises without ever leaving your bed. Several bedrooms feature incredible ocean views, allowing you to watch the waves roll in and, on many mornings, catch dolphins playing just offshore from the comfort of your pillow. Large windows and sliding glass doors throughout the home flood the interior with natural light, creating a bright and inviting coastal atmosphere that guests immediately notice and appreciate. Whether enjoying your morning coffee, relaxing with a book, or simply taking in the view, the connection to the ocean is one of this property's most memorable features.
Designed to maximize both guest experience and owner enjoyment, the home features seven spacious bedrooms, six full baths, ocean views, a private pool, hot tub, multiple decks, and direct beach access. The reverse floor plan captures expansive Atlantic Ocean views while providing generous gathering spaces for large families and groups. Guests return year after year for the combination of location, amenities, and the classic Outer Banks beach house atmosphere.
Recent ownership has continued to invest in the property, and the home has maintained its position as a strong performer within the South Nags Head rental market. The consistent rental history is particularly noteworthy, with annual advertised rental income remaining remarkably stable between $173,000 and $181,000 over the past three seasons. Rather than relying on projections or best-case scenarios, buyers can evaluate actual performance and make investment decisions with greater confidence.
Whether you are seeking a premier income-producing investment, a second home with substantial revenue potential, or an oceanfront property that can help offset ownership costs, this turnkey opportunity offers a rare combination of lifestyle and financial performance. Proven rental history, consistent annual income, strong guest appeal, modern updates, and a prime oceanfront location make this one of the most compelling investment opportunities currently available on the Outer Banks.
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3 bd
2 ba
$117k Gross Rental Income for 2026 to date! Welcome to Herbie’s, your classic OCEANFRONT beach cottage in the heart of Kill Devil Hills. This 4-BEDROOM, 2-BATH coastal retreat offers sweeping, unobstructed ocean views and the timeless charm of an Outer Banks getaway, all just steps from the sand.
Wake up to the sound of the waves and enjoy breathtaking ocean views from many rooms throughout the home. Spend your mornings on the screened porch enjoying the ocean breeze, or soak up the sunshine from the spacious sun deck that wraps from the back to the side of the home.
Inside, the home features a classic and functional beach cottage layout designed with comfort and gathering in mind. The open living area and kitchen are centrally located, both positioned to take advantage of the ocean views. Durable tile flooring throughout the main living space makes beach living easy after long days in the sand and surf.
The layout offers excellent functionality for families and guests alike. The spacious king bedroom features a private ensuite bath with a tiled shower, while the remaining 3 bedrooms share a second full bath with a tub. Sleeping arrangements include a king bedroom, 2 queen bedrooms, and a bunk room, providing plenty of space for family and friends. The septic permit is for 3 bedrooms; however, the home has long functioned as a TRUE 4-BEDROOM, 2-BATH property.
Herbie’s underwent an extensive renovation in 2013 when the owners took the home DOWN TO THE STUDS. Major improvements included new electrical, plumbing, HVAC, windows, doors, roof, kitchen, bathrooms, flooring, and more, blending classic beach cottage character with updated systems and finishes. The septic system was replaced in 2025.
Centrally located in Kill Devil Hills, Herbie’s places you close to some of the Outer Banks’ favorite local spots. Grab your morning coffee from Ashley’s Espresso Parlour, treat yourself at Mom’s Sweet Shop, or easily explore nearby restaurants, shopping, and attractions. The convenient central location offers easy access to all the best of the Outer Banks while still enjoying the privacy and beauty of oceanfront living.
Herbie’s has also proven itself as a STRONG RENTAL PERFORMER. After joining a new rental program in January 2025, the property generated OVER $100,000 IN GROSS RENTAL INCOME during its first year, even with owners reserving personal use time. Approximately $117,000 is on the books for 2026 with bookings continuing to come in. For additional rental information, reviews, and booking details, visit the rental website here: https://www.airbnb.com/rooms/1316054910352994841?unique_share_id=838f619a-0c11-462a-8425-6fdaddeedfb2&viralityEntryPoint=1&s=76&source_impression_id=p3_1779963015_P3xgkcbHdYKrSYD3
From its stunning ocean views and thoughtful layout to its strong rental history and unbeatable location, Herbie’s captures the essence of classic Outer Banks oceanfront living. AVAILABLE TO SHOW During Turnover on 8/22, 8/29, 8/31, 9/3-9/4, 9/8, 9/12.
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$1,225,000
5 bd
5 ba
Welcome to Patti's Place, located at 41107 Ocean View Drive in Avon, NC—a stunning oceanfront retreat just south of the Avon Pier, offering the perfect blend of coastal luxury, comfort, and breathtaking Atlantic views. This spacious 5-bedroom, 5-bathroom home has everything you need for making unforgettable family memories, whether you're seeking a year-round residence, vacation getaway, or exceptional investment opportunity.
Lovingly maintained and thoughtfully improved, the seller has made numerous upgrades over the years, including some major recent enhancements that add both value and peace of mind. The home features a new fortified roof, the majority of the windows have been replaced, and a convenient full bathroom has been added adjacent to the pool area—perfect for rinsing off after a day on the beach without tracking sand through the house.
Wake up to spectacular sunrises over the Atlantic Ocean and spend your days enjoying the beautiful Avon beach just steps from your back door. Patti's Place is centrally located in the village of Avon, within walking distance to shops, restaurants, attractions, and the iconic Avon Pier. Inside, the inviting open-concept living area is filled with natural light and framed by expansive windows showcasing panoramic ocean views. The spacious layout offers plenty of room for family and guests, with five well-appointed bedrooms and five full bathrooms providing comfort and privacy for everyone. You won't soon forget the peaceful serenity of the third-floor oceanfront loft, where time seems to slow down and the endless blue horizon becomes your daily backdrop.
The outdoor living spaces are equally impressive. Relax on the expansive decks while listening to the soothing rhythm of the waves, or cool off in your private pool after a day on the beach. Spectacular sunsets can be enjoyed from the sound-side decks, including a spacious screened porch that's perfect for evening gatherings with family and friends. Whether you're hosting summer celebrations, savoring a quiet morning coffee overlooking the ocean, or unwinding beneath a sky full of stars, this home delivers the ultimate Outer Banks lifestyle.
Ideally located in the heart of Avon, you'll enjoy convenient access to local dining, shopping, fishing, watersports, and all the attractions that make Hatteras Island such a sought-after destination.
Don't miss this rare opportunity to own a beautiful oceanfront property where endless views, coastal charm, quality improvements, and exceptional amenities come together in one remarkable package. Patti's Place is a proven income-producing investment with a strong rental history and a loyal base of returning guests year after year.
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$898,900
5 bd
3 ba
580 sq ft
This is your opportunity to secure a beautifully rejuvenated oceanfront beach home before it’s gone. With fresh interior and exterior paint, new flooring, direct beach access, and sweeping ocean views, this rare find is move-in ready and full of coastal charm. There’s even room to add a pool and elevate the property even further.
First Level:
Welcoming entryway with generous storage, full bathroom, laundry area, and a cozy sitting room.
Mid-Level:
Four bedrooms, two full baths, a bonus room, and an oceanfront deck accessible from two bedrooms—perfect for morning sunrises and salty breezes.
Top Level:
A spacious great room with cathedral ceilings and abundant natural light, plus the primary bedroom and a half bath. Step onto the expansive oceanfront deck with built-in seating and unwind to the soothing sound of the waves.
Additional highlights include paved parking, an outdoor shower, and convenient access to shopping, dining, bike rentals, ice cream parlors, and coffee shops.
Don’t miss your chance to own this exceptional oceanfront retreat—schedule your showing today.
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$2,195,999
7 bd
5 ba
Wake up to incredible ocean views every single morning in this meticulously maintained, seven-bedroom oceanfront retreat in the heart of South Nags Head. With 2026 advertised rental income already booked at $181,000 for the year, this home offers investors a rare combination of scale, condition, and consistent, provable ROI that's difficult to find on the Outer Banks market today.
This property has been thoughtfully and continuously upgraded, giving buyers true peace of mind and guests a reason to book again year after year. Within the last five years, most of the kitchen appliances have been replaced, giving the kitchen a bright, modern coastal feel that today's renters expect. The top level features prefinished oak floors installed within the last three years, adding warmth and a polished, high-end finish to the home's main gathering spaces.
2025 brought a wave of major capital improvements that set this home apart from the competition. All siding was replaced, a new fortified roof was installed, and both exterior HVAC units were fully replaced — meaning a new buyer inherits essentially new mechanical and exterior systems with years of worry-free ownership ahead. Roughly half of the windows were replaced at the same time as the siding, upgraded to CAT 5 DP50-rated windows for superior wind and impact resistance, a meaningful advantage for coastal durability and insurance considerations. The septic system is a gravity system and is proactively pumped every other year, reflecting the kind of careful, preventative maintenance that runs throughout this property.
With seven spacious bedrooms, this home is purpose-built for investors focused on ROI, offering the bedroom count and guest capacity needed to compete at the top of the South Nags Head rental market. Location is everything here: South Nags Head is prized for its wide, uncrowded beaches, quiet residential feel, and limited commercial development bordering the Cape Hatteras National Seashore. Renters return year after year for the space to spread out on the sand, the laid-back atmosphere, and the unmistakable charm of the Outer Banks — and this home's wide beach frontage is exactly what keeps guests coming back season after season.
A meticulously maintained, income-producing oceanfront home with major 2025 upgrades already complete — this is a turnkey opportunity for investors seeking strong, provable returns in one of the Outer Banks' most sought-after rental corridors.
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$3,099,000
8 bd
8 ba
This one-of-a -kind oceanfront estate masterfully blends architectural elegance, luxury amenities, and outstanding rental income potential. Designed to capture sweeping Atlantic views, the 8-bedroom residence features seven ensuite bedrooms, soaring ceilings, expansive windows, and walls of glass that fill the home with natural light and showcase the ocean from nearly every angle. The top level is a spectacular gathering space, highlighted by a dramatic great room with panoramic views, expansive oceanfront decks, and a chef's kitchen designed for entertaining. Equipped with two ovens, two refrigerators, two dishwashers, a large cooktop, wine cooler, pantry, and curved seating bar, the kitchen easily accommodates large groups. A gas fireplace, workstation, game area, and three ensuite bedrooms—two oceanfront—complete this level. An elevator provides convenient access to all floors.
Designed with both luxury and rental performance in mind, the mid-level offers four additional ocean-view ensuite bedrooms, including an accessible suite with a roll-in shower and roll-under vanity. A standout family suite features built-in Duo bunks, a private bath, adjoining playroom, and ocean views, making it ideal for multi-generational gatherings and maximizing occupancy. The recreation room and sports bar elevate the guest experience with a pool table, bar seating, refrigerator, ice maker, dishwasher, and multiple TVs. An oversized laundry center with double washers and dryers supports high-capacity rentals with ease. Outdoor living rivals a private oceanfront resort. A heated saltwater pool, hot tub overlooking the Atlantic, fitness room, poolside bath, outdoor showers, expansive sun decks, and direct beach access create an unforgettable coastal experience that guests return to year after year. Recent improvements include a 2024 Fortified Roof, 2023 HVAC replacements with transferable warranties, 2024 exterior paint, upgraded Andersen sliders, and a new beach walkway and stairs. Meticulously maintained and thoughtfully designed, this distinctive oceanfront retreat offers the rare combination of luxury living, exceptional guest appeal, and strong investment potential.
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$820,000
4 bd
2 ba
A rare, sweet oceanfront home reminiscent of old Hatteras, but with updates. This “beach box” as it is known here, is situated right behind the dunes and the ocean. Its manageable size, prime location, and reasonable fees make it a popular oceanfront dream rental property. From the expansive deck, see the sunrise, the evening constellations, and dramatic far- away lightning at times. A laundry and storage room for beach equipment adds to easy living, as does the wonderful outdoor shower and fish table. (You may enjoy catching them from the surf, just a few steps away.) This cottage is a golf cart ride away from the Hatteras Ferry, the Graveyard of the Atlantic Museum, the marinas, and the excellent restaurants and diverse stores of Hatteras Village.
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