French Country meets Coastal Casual
adjust possible shares to see calculations for more or less people
$1,250,000
target home price
$312,500
cost per share
$2,853 / mo
monthly cost
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$62,500
|
|
Closing Cost
$18,750
|
|
Reserve Fund Deposit
$9,375
|
|
Total Cash at Closing
$90,625
|
Details
4 bedrooms
| 6 bath
| 3,174
sqft
One of a kind masterpiece located in quiet Neptune Harbor on Lamar Peninsula. Surrounded by canal on 2 sides with over 200 feet of bulkheaded & quick boating access to some of the best fishing on the Texas Coast. Step inside to find impeccable craftsmanship from the 1x10 vertical shiplap walls to the burnished solid pine flooring. Vaulted ceiling in the living room with beautiful beams & gas log fireplace set the stage for 3 stories of cozy living space. Expansive windows in the kitchen give you a grand view of the Goose Island State Park & beyond to St. Charles Bay. Gourmet features include 6 burner gas cooktop, convection microwave, wine cooler & beverage fridge with sub zero fridge & freezer. Honed Emperador Marble island offers seating for 5 & great workspace. Master with his & hers bathrooms & large guest suite on the 1st level, 2nd level master suite with office or bonus bedroom & 3 floor bedroom with 1/2 bath and panoramic views.
House Usage
- 4 shares total
- 13 weeks a year per share
Amenities
- Dock
- Fire place
- Bonus room
- Porch
- Waterfront
About the Agent
Keri Patterson
LUCE PROPERTIES
Keri Patterson
LUCE PROPERTIES
Keri Patterson, from LUCE PROPERTIES, has 19 years experience as a real estate agent in Rockport, and serves as a Sales Manager to other real estate professionals on using technology to improve their customer care, general marketing, and office management.Honesty and integrity, along with determination and dedication, are philosophies that Keri strives for in all aspects of her life. Applying these principles to her business has allowed her to be a top producing real estate agent for the past 19 years. Her role as a sales manager for the Luce Properties team of agents has given her real estate business a high level of experience leadership and professionalism.Keri has a proven record of directly impacting her client’s financial success and propelling smooth transactions by applying refined management, selling, and negotiation talents.If you are planning on buying or selling in the Rockport area contact Keri, your local neighborhood expert for a personalized customer care. Keri takes pride in servicing er clients by delivering exceptional service and establishing lifelong relationships.
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$62,500
|
|
Closing Cost
$18,750
|
|
Reserve Fund Deposit
$9,375
|
|
Total Cash at Closing
$90,625
|
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
$1,834
|
|
Insurance/Taxes
$339
|
|
Repairs
$260
|
|
Maintenance
$260
|
|
Utilities
$103
|
|
Cleaning
$56
|
|
Total Expenses
$2,853
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$3,125
|
|
Total Monthly Income
$3,125
|
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.