adjust possible shares to see calculations for more or less people
$7,250,000
target home price
$725,000
cost per share
$6,313 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$145,000
|
|
Closing Cost
$43,500
|
|
Reserve Fund Deposit
$21,750
|
|
Total Cash at Closing
$210,250
|
Details
6 bedrooms
| 5 bath
| 4,797
sqft
Stunning home perfectly situated on arguably one of the largest, most private and best positioned lots on Wrightsville Beach. The lot is almost half an acre with approximately 100 feet of water frontage on the coveted Lollipop offering long range views through the inlet to the ICWW. Magnificent views of the Atlantic ocean and Intracoastal waterway abound from inside the home and the multiple decks. A reverse floor plan adds beauty, versatility and magnificent long range water views. There are 6 large bedrooms with an upper level master suite and 4.5 baths all with marble appointments. Travertine floors throughout except for carpeted bedrooms and hardwood flooring in the study. An open bright kitchen offers a large central granite island with breakfast area. There are Pella casement windows with plantation shutters. An elevator goes from the garage to the third level. The house is wired with a Bose sound system, alarm system, cable and satellite TV. The roof was replaced recently and is supported with 2/6 trusses. There are 3 newer HVAC systems upgraded recently. The 40 ft floating face dock has over 5 ft of water at lowest tide with boat and jet ski lift allowing instant access to the inlet that leads directly to the Intracoastal Waterway. This truly is a must see, very rare property and opportunity for utmost quality living on Wrightsville Beach.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$145,000
|
|
Closing Cost
$43,500
|
|
Reserve Fund Deposit
$21,750
|
|
Total Cash at Closing
$210,250
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$4,256
|
|
Insurance/Taxes
$785
|
|
Repairs
$604
|
|
Maintenance
$604
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$6,313
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$7,250
|
|
Total Monthly Income
$7,250
|
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
- Intracoastal Realty Corp
- Last updated at
- May 14th, 2024
- List Agent
- Listings Access
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