adjust possible shares to see calculations for more or less people
$975,000
home price
$97,500
cost per share
$904 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$19,500
|
|
Closing Cost
$5,850
|
|
Reserve Fund Deposit
$2,925
|
|
Total Cash at Closing
$28,275
|
Details
3 bedrooms
| 3 bath
| 1,100
sqft
Rare opportunity to own an ocean front Villa Seller financing to help make your BHI home ownership dreams come true.
Villa 41 has WOW views of the ocean from the Living Room, Dining and Kitchen and from one of the master bedrooms. Sit on the sofa or deck and watch the dolphins in the water and the tankers go by. The sunsets are gorgeous!
The villa has two master suites one with amazing ocean views, en-suite bathroom with oversized shower; The second master, also on primary floor, has a newer full bath.
The upstairs BR is enclosed for privacy and has a half bath and an upper deck overlooking the water and golf course.
Kitchen and baths are recently updated and sparkling.
The open floor plan in the Kitchen/Dining/Living great room allows everyone to socialize in the newly renovated and fully stocked kitchen with open access to the deck overlooking the ocean. Sunset views in the evening are amazing. Villa 41 is in a prime location on Bald Head Island. Only 1 mile from the ferry landing, and steps away from both the beach access and the Bald Head Island Club. The villa is also well situated in the complex with a large open area in front for the children to play. A new downstairs deck was built for added space to BBQ and just soak up the scenery! Roof is new in 2022. 2 Golf carts included. one six passenger and one newly refurbished four passenger. An Equity Lifestyle membership is available for separate purchase. Consistent High Rental History
This home is being offered with SELLER FINANCINNG ONLY. Terms negotiable and subject to owner final approval
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$19,500
|
|
Closing Cost
$5,850
|
|
Reserve Fund Deposit
$2,925
|
|
Total Cash at Closing
$28,275
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$572
|
|
Insurance/Taxes
$106
|
|
Repairs
$81
|
|
Maintenance
$81
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$904
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$975
|
|
Total Monthly Income
$975
|
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
- Landmark Sotheby's International Realty
- Last updated at
- October 28th, 2023
- List Agent
- Listings Access
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