Poconos Mountain Luxury
adjust possible shares to see calculations for more or less people
$899,900
target home price
$224,975
cost per share
$2,098 / mo
monthly cost
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$44,995
|
|
Closing Cost
$13,499
|
|
Reserve Fund Deposit
$6,749
|
|
Total Cash at Closing
$65,242
|
Details
6 bedrooms
| 5 bath
| 7,859
sqft
Spectacular European-Inspired Manor House with breathtaking mountain views from every window! Two full living suites, including a custom kitchen with imported Brazilian granite, Verona ovens, Swarovski crystal pulls, granite/marble inlay and hardwood floors throughout. 6 beds, 5 full baths, two kitchens and dining areas, two walk-in dressing rooms, a theater room, 3 fireplaces, surrounded by private woods. Entertain on your multiple decks, hardscaped patio and firepit, or lounge on your 55-foot deck as stunning sunsets create an impressionist masterpiece every evening just for you. Gather in your rec room with full bath and wet bar, or prepare a culinary triumph in your chef's kitchen, or watch the latest blockbuster in your huge theater room. Invite extended family to stay in the 3rd and 4th floor suite. This home is 15 years young with so many upgrades; you MUST see it to understand this showpiece. Minutes from 476, Jim Thorpe, skiing, Lehigh Gorge, Beltzville Lake, and St. Lukes.
House Usage
- 4 shares total
- 13 weeks a year per share
Amenities
- Fire place
- Bonus room
- Hot tub
- Porch
About the Agent
Timothy Bonner
RE/MAX Central
Timothy Bonner
RE/MAX Central
Experienced in Residential Sales, Investment Properties, Short-Term Rentals, Construction, and Rental Business Management. Staging, renovation, applying for permits, and everything in between, our team does everything to help you through the process of buying, renting, or selling your home. I'm more than an agent - I'm a real estate advocate.
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$44,995
|
|
Closing Cost
$13,499
|
|
Reserve Fund Deposit
$6,749
|
|
Total Cash at Closing
$65,242
|
This is an estimate of the amount of cash needed when closing on the purchase of a property financed with a 30 year Mortgage at 8.0% interest rate.
Plum’s estimate includes 20% of the value of the house as a down payment, 6% of the value of the house for closing costs (including Plum’s Group Success Fee) and 3% of the value of the house for the initial reserve fund.
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$1,321
|
|
Insurance/Taxes
$244
|
|
Repairs
$187
|
|
Maintenance
$187
|
|
Utilities
$103
|
|
Cleaning
$56
|
|
Total Expenses
$2,098
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$2,250
|
|
Total Monthly Income
$2,250
|
A good threshold for rental property investment is the 1% Rule (source). It states that you should only invest in rental property if you are reasonably confident that the property can rent for 1% of the sale price per month.
We’ve included that assumption here. It is critical that the group validate pricing, rental history, and future rental projections of any specific property before proceeding with a purchase. You can explore rental incomes of any property with this free estimation tool at Rabbu.com.