adjust possible shares to see calculations for more or less people
$1,775,000
home price
$177,500
cost per share
$1,594 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$35,500
|
|
Closing Cost
$10,650
|
|
Reserve Fund Deposit
$5,325
|
|
Total Cash at Closing
$51,475
|
Details
5 bedrooms
| 4 bath
| 3,748
sqft
Reduced price - ESTATE Home on ESTATE LOT 679R (2 lots 679 & 680) - overlooking the 17th Fairway, Large Porches & great entertaining areas, tile floors in the main level - Large Separate Dining Room w/ VIEWS, Great Room w/wood burning fireplace opens onto a full length Screen Porch with dining & entertaining, PLUS A SUN DECK, Kitchen is a chefs' kitchen - butcher block island, eat at bar, Stainless appliances, great storage, Upstairs is a huge Master Suite w/wet bar & wood fireplace overlooking the 17th, master Bath w/dble sinks, jetted tub & separate glass surround shower, tile floors, utility room & another Master Suite with walk in closet & full bath, ground level is a 5th BR kids bunk room with 2 full & 2 twins, TV and playroom, dble garages, tremendous storage thruout. GOLF BHI MEMBERSHIP & SHOALS CLUB MEMBERSHIP - furnished with 4 & 6 Passenger Club Carts
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$35,500
|
|
Closing Cost
$10,650
|
|
Reserve Fund Deposit
$5,325
|
|
Total Cash at Closing
$51,475
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$1,042
|
|
Insurance/Taxes
$192
|
|
Repairs
$148
|
|
Maintenance
$148
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$1,594
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$1,775
|
|
Total Monthly Income
$1,775
|
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
- Wendy Wilmot Properties
- Last updated at
- August 18th, 2023
- List Agent
- Listings Access
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