adjust possible shares to see calculations for more or less people
$1,224,900
target home price
$122,490
cost per share
$1,119 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$24,498
|
|
Closing Cost
$7,349
|
|
Reserve Fund Deposit
$3,675
|
|
Total Cash at Closing
$35,522
|
Details
5 bedrooms
| 4 bath
| 2,990
sqft
Duck Oceanside Dream Property! Ocean Views! Sound Views! 5 Bedrooms! This home is a true masterpiece and is now for sale! Opportunities like this one are few and far between. Own a piece of heaven in the sought after Town of Duck! This home has been loved and cared for by the same owners and family since the beginning. Beautiful updates throughout! With an extremely well thought through floor plan you will be impressed as soon as you pull in the driveway. From the delightful curb appeal to the fantastic wrap around deck and porch. An open great room, dining room, and enormous kitchen greet you as you open the front door. Host gatherings, celebrations, and more with ease in this amazing space. Cathedral ceilings and natural light galore make this space one that you will want to spend hours enjoying. Turn winter nights to cozy and comfortable with the lovely gas fireplace. The 5 bedrooms and 4 bathrooms are placed strategically throughout the home to provide space for multiple families to stay, while having privacy but yet proximity! The best of both worlds! There is a bonus room on the ground level that could become a game room or theater room. On the top floor of the home in the space called 'The Tower' you can enjoy sound and ocean views with wrap-around windows! 'The Tower' is another great multipurpose space that could be your dream office, reading lounge, game room, and so much more! This home is the perfect primary home, second home, or investment property. With premium proximity to the Town of Duck all of your family and friends are sure to want to visit! Walk or ride a bike to Town to enjoy all of the great restaurants, shops, and activities Duck has to offer. The community has ocean and sound access, both are just a short walk away! Launch kayaks into the sound or spend the day enjoying the beach! Sunrise or sunset, this location is perfect to enjoy them both! Act now! Call with any questions or to schedule your tour today!
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$24,498
|
|
Closing Cost
$7,349
|
|
Reserve Fund Deposit
$3,675
|
|
Total Cash at Closing
$35,522
|
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
$719
|
|
Insurance/Taxes
$133
|
|
Repairs
$102
|
|
Maintenance
$102
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$1,119
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$1,225
|
|
Total Monthly Income
$1,225
|
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
- Sun Realty of Nags Head/Harbin
- Last updated at
- July 17th, 2024
- List Agent
- Listings Access
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