adjust possible shares to see calculations for more or less people
$2,200,000
target home price
$220,000
cost per share
$1,960 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$44,000
|
|
Closing Cost
$13,200
|
|
Reserve Fund Deposit
$6,600
|
|
Total Cash at Closing
$63,800
|
Details
3 bedrooms
| 3 bath
| 2,808
sqft
Rare Find! Middle Island three bedroom, three bath Executive Retreat with breathtaking marsh perspectives from every living area and bedroom. From its welcoming covered porch, step onto the warm bamboo flooring that stretches through this open floorplan's bright, oversize living area, complete with a gas fireplace. You'll be awed by the magnificent marsh naturescapes shared through this space's bayed back wall of two-story-high windows. Relish sunrises and bird watching from here or just outside on the house-length deck. The nearby dining area-surrounded by windows-also shares spectacular views as well as a designer chandelier and elegant tongue-in-groove cove ceiling. Enjoy your meals inside or in the closeby dining gazebo. Back inside, the home's multi-chef kitchen boasts yards of granite counters, an extensive prep island/breakfast bar, Viking and Bosch stainless appliances and custom Lokey cabinets. The King suite features a balcony and an ensuite with a tub/shower and luxe vanity/sink. This floor also furnishes a Queen guest bedroom with its own deck entrance. It uses the convenient hall full bath. Upstairs, a second large living space, with fireplace,(not currently hooked up to propane) delights with even farther-reaching estuary scenes from its wall of windows. The Primary King suite, located on this floor, opens onto its own balcony. Imagine starting each morning here in serenity. This suite's large, private full bath is like a spa- prepare to be pampered! The home is wired with a three-camera Nest system and offers remote lighting and thermostats. You'll also appreciate its whole house vacuum and music/speaker systems. The detached two-cart garage shelters two four-passenger enclosed golf carts that convey.
Equity Lifestyle Membership in BHI Club and Shoals Club Membership both available for separate purchase. This home has never been rented! Final Measurements and Floor Plan are forthcoming.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$44,000
|
|
Closing Cost
$13,200
|
|
Reserve Fund Deposit
$6,600
|
|
Total Cash at Closing
$63,800
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$1,291
|
|
Insurance/Taxes
$238
|
|
Repairs
$183
|
|
Maintenance
$183
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$1,960
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$2,200
|
|
Total Monthly Income
$2,200
|
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
- September 11th, 2023
- List Agent
- Listings Access
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