adjust possible shares to see calculations for more or less people
$2,195,000
home price
$219,500
cost per share
$1,956 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$43,900
|
|
Closing Cost
$13,170
|
|
Reserve Fund Deposit
$6,585
|
|
Total Cash at Closing
$63,655
|
Details
4 bedrooms
| 4 bath
| 2,698
sqft
Ocean front stunner on the pristine south beach and also has a great rental history! Inside this cozy cottage there there are interesting details around every corner.
The owners have turned their home into a fabulous resort palace that literally overhangs the beach. The detailed charm put into this home has every room feeling cozy making you feel right at home. The two master bedrooms each have a king-sized bed and newly renovated bathroom en suite. There is a queen bed in the third bedroom and a pair of twins in the fourth. Enjoy sitting at the barstools on the back deck overlooking the ocean or feel the ocean breeze downstairs in your own bar! The downstairs hang out area is perfect for families and giving this home another area for enjoyment.
There is an equity BHI Full Membership available for separate purchase.
★Lot may be buildable per current CAMA guidelines. Please inquire with Village authorities on building permit process along with CAMA appeal process.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$43,900
|
|
Closing Cost
$13,170
|
|
Reserve Fund Deposit
$6,585
|
|
Total Cash at Closing
$63,655
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$1,288
|
|
Insurance/Taxes
$238
|
|
Repairs
$183
|
|
Maintenance
$183
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$1,956
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$2,195
|
|
Total Monthly Income
$2,195
|
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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