1817 N Virginia Dare Trail, Kill Devil Hills, Nc 27948 main
1817 N Virginia Dare Trail, Kill Devil Hills, Nc 27948 two
1817 N Virginia Dare Trail, Kill Devil Hills, Nc 27948 three
1817 N Virginia Dare Trail, Kill Devil Hills, Nc 27948 four

10 owners
10
plum score

adjust possible shares to see calculations for more or less people

$2,900,000

target home price

$290,000

cost per share

$2,563 / mo

monthly cost

Active

status

CASH AT CLOSING PER SHARE
Down Payment
$58,000
Closing Cost
$17,400
Reserve Fund Deposit
$8,700
Total Cash at Closing
$84,100
Co-own this home
Details
5 bedrooms | 7 bath | 4,500 sqft

Beautiful ocean front house on a huge 0.62 acre lot. New construction! 4500 sq ft house with 5 oversized bedrooms and 6.5 bathrooms and 2 kitchens. Over 2000 Sq ft of open decks around the house. Gorgeous ocean views! Great place for a home or as an investment property. Plenty of space and things to do for everyone. There are pool, hot tub, game room, and a beautiful ocean walk with a gazebo. Invest in your own piece of paradise!

I'm interested
House Usage
  • 10 shares total
  • 5 weeks a year per share

Calculated Costs per Share

1817 N Virginia Dare Trail, Kill Devil Hills, NC 27948
CASH AT CLOSING PER SHARE
Down Payment
$58,000
Closing Cost
$17,400
Reserve Fund Deposit
$8,700
Total Cash at Closing
$84,100

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
$1,702
Insurance/Taxes
$314
Repairs
$242
Maintenance
$242
Utilities
$41
Cleaning
$23
Total Expenses
$2,563
This total is an estimate of all the expected costs associated with owning a vacation home with a Plum certified ownership agreement.
Location, type of house, changes in interest rates and utilities can all change and affect the monthly cost throughout the term of ownership.
ESTIMATED MONTHLY INCOME PER SHARE
Monthly Income
$2,900
Total Monthly Income
$2,900

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
October 17th, 2024
List Agent

Steven T Koleno

804-656-5007

contact@beycome.com

Listings Access

Jessica M Keenan

Nest Reality

jessica.keenan@nestreality.com

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