adjust possible shares to see calculations for more or less people
$1,430,000
home price
$143,000
cost per share
$1,296 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$28,600
|
|
Closing Cost
$8,580
|
|
Reserve Fund Deposit
$4,290
|
|
Total Cash at Closing
$41,470
|
Details
4 bedrooms
| 5 bath
| 2,474
sqft
Un-Wynding II is a four bedroom/4.5 bath golf course home overlooking the Bald Head Club's fourth fairway. This well-appointed reverse floor plan retreat, nestled in the Island's lush Maritime Forest, enjoys salty breezes, golf course views and a serene natural environment. After you cross the welcoming front porch, you enter a two-story foyer leading to three of the property's bedrooms and the laundry. Two of the bedrooms are spacious King suites, each with its own full bath, large closet and egress to the house-length back screened porch. Between these is a bunk room that sleeps four and uses the nearby hall full bath. Upstairs, the open floor plan reveals a sunny, comfortable living area with a vaulted/beamed ceiling, myriads of windows, hardwoods, a fireplace sided by built-ins, a Marantz sound system and access to this floor's two decks and screened porch. You'll love the treehouse-like views and the opportunity to listen to cicada and birdsong or watch deer families roam. The nearby dining space's table is set for eight, but offers chairs to accommodate more. Or you could sit at the adjacent breakfast bar. You'll enjoy meals inside or on the close-by bayed dining screened porch. The well-equipped chef's kitchen boasts stainless appliances, granite counters and plenty of storage. Down a short hall, a private Queen suite is perfect for those wishing to minimize steps and not only has its own full bath but also its own walkout balcony. Just a short bike or golf cart ride to South Beach, shops, restaurants, the marina and the BHI Club, this home conveys with both a six- and a four-passenger golf cart and possesses a great rental history. A BHI Social Membership is available for separate purchase .
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$28,600
|
|
Closing Cost
$8,580
|
|
Reserve Fund Deposit
$4,290
|
|
Total Cash at Closing
$41,470
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$839
|
|
Insurance/Taxes
$155
|
|
Repairs
$119
|
|
Maintenance
$119
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$1,296
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$1,430
|
|
Total Monthly Income
$1,430
|
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 17th, 2023
- List Agent
- Listings Access
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