adjust possible shares to see calculations for more or less people
$4,795,000
target home price
$479,500
cost per share
$4,197 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$95,900
|
|
Closing Cost
$28,770
|
|
Reserve Fund Deposit
$14,385
|
|
Total Cash at Closing
$139,055
|
Details
5 bedrooms
| 5 bath
| 4,375
sqft
Experience the epitome of coastal luxury in this Wrightsville Beach property. Located in the highly sought-after, residential district of Harbor Island, you can enjoy gorgeous sun rises over the sound and then walk across the bridge to enjoy a day on the beach. Afterwards, return home to your private dock and hop on the boat with deep water access for a sunset cruise... what a life! This 3 story, 4,375 sq ft, 5 bedroom custom home offers exceptional quality and refined details from top to bottom.
The main floor hosts a fantastic open concept design which includes the great room with gas fireplace and shiplap detail, gourmet kitchen and main dining area with a built in window seat. Abundant windows spanning the entire rear of the home allow easy enjoyment of the breathtaking water views. The light, bright kitchen features an abundance of storage and counter space, Viking and Sub zero appliances, and wet bar area with additional beverage cooler and ice maker. Transition into the formal dining area that can also be used as a study or second gathering space. Designed for entertaining and sure to impress, the main living area of this home is well thought out, seamlessly blending form and function. Also on the main floor, you'll find a guest bedroom with built in work space and ensuite full bath.
Take the elevator up or enjoy the views over the marsh through the large stairwell windows as you ascend to the next floor. Wake up to the sunrise over the water from the expansive owners' suite, encompassing the entire rear of home. The oversized bedroom with gas fireplace and access to a private deck extends into a spa-like primary bath featuring a double vanity, jetted tub, walk in shower, separate water closet and custom walk in closet. Completing this floor are two additional guest bedrooms, each with their own attached full bath and a spacious laundry room.
Continuing up once more, you reach the top floor, offering a roof top deck and expansive water views.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$95,900
|
|
Closing Cost
$28,770
|
|
Reserve Fund Deposit
$14,385
|
|
Total Cash at Closing
$139,055
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$2,815
|
|
Insurance/Taxes
$519
|
|
Repairs
$400
|
|
Maintenance
$400
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$4,197
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$4,795
|
|
Total Monthly Income
$4,795
|
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.
- List Company
- Nest Realty
- Last updated at
- August 16th, 2023
- List Agent
- Listings Access
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