Hill Country Hideaway
adjust possible shares to see calculations for more or less people
$599,900
target home price
$149,975
cost per share
$1,452 / mo
monthly cost
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$29,995
|
|
Closing Cost
$8,999
|
|
Reserve Fund Deposit
$4,499
|
|
Total Cash at Closing
$43,492
|
Details
3 bedrooms
| 2.5 bath
| 1,756
sqft
Located just off Lake Travis, this highly upgraded Hudson Bend home has it all. Panoramic lake views with a huge open space and no neighbors behind. It feels like you are living the vacation lifestyle in stunning Hill Country surroundings. Large kitchen with island, custom cabinetry with pullout shelves, white quartz counters, stainless steel appliances, white subway tile backsplash, wide plank floors. The upstairs spacious owner’s suite with spa-like en-suite bath includes a luxurious soaking tub, double sinks and walk in shower. Dream garage with black and red floor tiles and storage galore. Lush professionally landscaped lot with native trees, shrubs, and perennial plants. Fully fenced backyard with Texas limestone patio, amazing sit down views of Hill Country over adjoining open space. Enjoy gorgeous sunsets over Lake Travis from two covered balconies. Watch deer roaming, butterflies fluttering, a birdwatcher's heaven. This ideal Hill Country experience feels a world away yet only minutes from Randalls, HEB, CVS, breweries, wineries, The Domain, downtown Austin, restaurants and Lake Travis.
House Usage
- 4 shares total
- 13 weeks a year per share
Amenities
- Bonus room
- Porch
About the Agent
Oliver Hall
Team Price Real Estate
Oliver Hall
Team Price Real Estate
Hi, I'm Oliver Hall, from Team Price Real Estate. Reach out to me if there's anything that I can do to help you buy, sell or rent a property. I'll help you find the right home, negotiate prices, manage the paperwork, and make sure you're 100% satisfied with your transaction.
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$29,995
|
|
Closing Cost
$8,999
|
|
Reserve Fund Deposit
$4,499
|
|
Total Cash at Closing
$43,492
|
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.
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ESTIMATED MONTHLY EXPENSES PER SHARE
|
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Mortgage Payment
$880
|
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Insurance/Taxes
$162
|
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Repairs
$125
|
|
Maintenance
$125
|
|
Utilities
$103
|
|
Cleaning
$56
|
|
Total Expenses
$1,452
|
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ESTIMATED MONTHLY INCOME PER SHARE
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Monthly Income
$1,500
|
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Total Monthly Income
$1,500
|
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.