235 Plantation Dr, Lehighton, Pa main

Poconos Mountain Luxury

4 available shares

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
Co-own this home
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.

I'm interested
House Usage
  • 4 shares total
  • 13 weeks a year per share
Amenities
This home includes:
  • Fire place
  • Bonus room
  • Hot tub
  • Porch
About the Agent

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

Poconos Mountain Luxury
235 Plantation Dr, Lehighton, PA
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
This total is an estimate of all the expected costs associated with owning a vacation home with a Plum certified ownership agreement.
Location, type of house, changes in interest rates and utilities can all change and affect the monthly cost throughout the term of ownership.
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.

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