adjust possible shares to see calculations for more or less people
$1,925,000
target home price
$192,500
cost per share
$1,723 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$38,500
|
|
Closing Cost
$11,550
|
|
Reserve Fund Deposit
$5,775
|
|
Total Cash at Closing
$55,825
|
Details
5 bedrooms
| 5 bath
| 2,450
sqft
Welcome to 10 Snowy Egret Trail, a beautifully spacious 5 bedroom 5 bath home on equally beautiful Bald Head Island. The reverse floor plan of this home is designed to maximize ocean views with large windows and glass doors framing the island landscape outside.
Expansive wrap around decks on both levels provide ample space for outdoor dining, lounging, and soaking in the island breeze. Inside, you'll find thoughtfully designed bedrooms, three bedrooms with ensuite baths, on the first floor, and just upstairs you'll see the primary (to take in the view), and a bonus fifth bedroom with wall to wall windows.
An open kitchen with vaulted ceilings, a large island, and tons of natural light makes for the perfect gathering space.
This home is ideal as a personal getaway or a lucrative rental property. It has proven rental potential.
This house is being sold fully furnished. A Full BHI membership and a Shoals Club membership are 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
$38,500
|
|
Closing Cost
$11,550
|
|
Reserve Fund Deposit
$5,775
|
|
Total Cash at Closing
$55,825
|
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
$1,130
|
|
Insurance/Taxes
$209
|
|
Repairs
$160
|
|
Maintenance
$160
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$1,723
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$1,925
|
|
Total Monthly Income
$1,925
|
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
- Last updated at
- October 10th, 2024
- List Agent
- Listings Access
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