adjust possible shares to see calculations for more or less people
$2,100,000
home price
$210,000
cost per share
$1,874 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$42,000
|
|
Closing Cost
$12,600
|
|
Reserve Fund Deposit
$6,300
|
|
Total Cash at Closing
$60,900
|
Details
5 bedrooms
| 5 bath
| 2,712
sqft
New, pristine with all the attention to detail including shiplap and custom cabinetry throughout. This gorgeous 5 bedroom 4 1/2 bath fully furnished home is a reverse floor plan with all five bedrooms on the first level and all of the comfortable living space on the top floor. This home comes with a two passenger golf cart. There is a Full Equity BHI Membership available for separate purchase.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$42,000
|
|
Closing Cost
$12,600
|
|
Reserve Fund Deposit
$6,300
|
|
Total Cash at Closing
$60,900
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$1,233
|
|
Insurance/Taxes
$228
|
|
Repairs
$175
|
|
Maintenance
$175
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$1,874
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$2,100
|
|
Total Monthly Income
$2,100
|
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
- February 20th, 2024
- List Agent
- Listings Access
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