adjust possible shares to see calculations for more or less people
$2,795,000
home price
$279,500
cost per share
$2,473 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$55,900
|
|
Closing Cost
$16,770
|
|
Reserve Fund Deposit
$8,385
|
|
Total Cash at Closing
$81,055
|
Details
6 bedrooms
| 6 bath
| 3,046
sqft
Turning onto the boardwalk drive of this recently built Executive beach home, this 6BR, 5.5BA's fresh ''newness'' excites! From its wide, welcoming front porch you enter, through its massive double front doors, into the reverse floor plan's bright, ship-lapped foyer. To the right is a sunny corner King suite, w/ a modular closet & full BA. To the left another sunlit BR shares a Jack-&-Jill BA w/ large, light-filled back corner King suite that proffers its own sitting area. Outside its door are entrances to a private office, another suite-a natural light-filled Queen with its own full en suite & an oversize dune-facing porch w/ lounges made for catching rays as well as briny breezes. This floor also houses the laundry-equipped with two washers and two dryers. Upstairs, the high ceiling and back wall of glass spotlight the property's Atlantic panoramas. The very generous Primary King suite pampers w/ its chandeliered spa-like en suite. It opens onto the house-length partially covered back deck-just the spot for watching the waves. While the open floor plan's decorator touches-like the living area's distressed mantel & designer fan-wow, it will be hard to stay indoors when steps away the outdoor conversation space & full dining set beckon. Relish meals or snacks al fresco or back inside in the chic dining area. Beyond, the huge kitchen island offers seating for four as well as a sink and yards of prep space. The multi-chef gourmet cookery boasts stainless appliances (including two fridges & dishwashers), loads of storage, an oversize walk-in pantry & a bar with an ice maker. Close by is a convenient powder room & the grill deck with its own high top, chairs & rockers. For those seeking more privacy, above the detached garage & outdoor shower there's a luxe King suite w/ a full bath & well-equipped kitchenette. Shoals Club & BHIC Equity House memberships available for separate purchase. Furnished as shown w/ 2 golf carts to convey.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$55,900
|
|
Closing Cost
$16,770
|
|
Reserve Fund Deposit
$8,385
|
|
Total Cash at Closing
$81,055
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$1,641
|
|
Insurance/Taxes
$303
|
|
Repairs
$233
|
|
Maintenance
$233
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$2,473
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$2,795
|
|
Total Monthly Income
$2,795
|
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
- Wendy Wilmot Properties
- Last updated at
- September 8th, 2023
- List Agent
- Listings Access
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