adjust possible shares to see calculations for more or less people
$2,159,000
target home price
$215,900
cost per share
$1,925 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$43,180
|
|
Closing Cost
$12,954
|
|
Reserve Fund Deposit
$6,477
|
|
Total Cash at Closing
$62,611
|
Details
6 bedrooms
| 5 bath
| 3,654
sqft
A great opportunity to acquire a rare, custom built home in the heart of picturesque Duck Village. (Never Rented), this is a personal home that was mainly used a few weeks each summer
This stunning property features 6 bedrooms and 4.5 bathrooms with 3,654 sq ft of living space. Built in 2013 by local ''Eco-Green'' builder, Tom Haddon Homes.
High-end features include dark bamboo hardwood flooring, recycled glass master shower, jade tile backsplash, custom carpeting, Aquasana home filtration, and other premium upgrades.
Relax on the covered porches that feature amazing views of the sound. Nestled in a quiet and close knit community located steps away from the best restaurants, shops, and local attractions in Duck NC.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$43,180
|
|
Closing Cost
$12,954
|
|
Reserve Fund Deposit
$6,477
|
|
Total Cash at Closing
$62,611
|
This is an estimate of the amount of cash needed when closing on the purchase of a property financed with a 30 year Mortgage at 8.0% interest rate.
Plum’s estimate includes 20% of the value of the house as a down payment, 6% of the value of the house for closing costs (including Plum’s Group Success Fee) and 3% of the value of the house for the initial reserve fund.
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$1,267
|
|
Insurance/Taxes
$234
|
|
Repairs
$180
|
|
Maintenance
$180
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$1,925
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$2,159
|
|
Total Monthly Income
$2,159
|
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
- Beycome Brokerage Realty LLC
- Last updated at
- May 14th, 2024
- List Agent
- Listings Access
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