adjust possible shares to see calculations for more or less people
$1,995,000
home price
$199,500
cost per share
$1,783 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$39,900
|
|
Closing Cost
$11,970
|
|
Reserve Fund Deposit
$5,985
|
|
Total Cash at Closing
$57,855
|
Details
4 bedrooms
| 5 bath
| 2,841
sqft
Beautiful Atlantic Ocean views!
Welcome to ''Coastal Sol'', an aptly named coastal retreat boasting eight separate porches and balconies from which to soak up the sun.
Gorgeous tongue and groove woodwork graces the high ceilings, creating a light and airy living space made for relaxing.
Each of the 4 bedroom suites has a private bath, providing ultimate comfort and privacy for you and your guests. The primary bedroom suite features two private, covered porches where you can savor morning sunrises and evening sea breezes. The custom kitchen includes a gas stove, panel dishwasher and wine refrigerator. Recent improvements include Nest thermostats and security cameras, tankless hot water heater, freshly painted interior & exterior and a new gravel drive. Mature landscaping frames the property, which is buffered by protected common area, adding to the charm and curb appeal. Enter the oversized garage at the touch of a button and check out the ample storage spaces! Conditioned and unconditioned first floor storage offer all the space you could ever need for surfboards, beach chairs, and outdoor gear along with options for locked owner essentials.
Whether you're lounging on the porch enjoying the salty air or dining al fresco, you'll be wowed by the ocean views.
Offered fully furnished with very few exceptions and two golf carts. Equity BHI Club membership available for purchase and transfer.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$39,900
|
|
Closing Cost
$11,970
|
|
Reserve Fund Deposit
$5,985
|
|
Total Cash at Closing
$57,855
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$1,171
|
|
Insurance/Taxes
$216
|
|
Repairs
$166
|
|
Maintenance
$166
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$1,783
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$1,995
|
|
Total Monthly Income
$1,995
|
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
- February 10th, 2024
- List Agent
- Listings Access
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