adjust possible shares to see calculations for more or less people
$1,675,000
home price
$167,500
cost per share
$1,507 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$33,500
|
|
Closing Cost
$10,050
|
|
Reserve Fund Deposit
$5,025
|
|
Total Cash at Closing
$48,575
|
Details
5 bedrooms
| 5 bath
| 2,550
sqft
Gorgeous new construction with private views of the 3rd fairway under the canopy of the Maritime Forest. Classic low-country architecture blends seamlessly with modern finishes in the latest build from The Craftsmen Group. The quintessential rocking chair front porch offers a charming entry while the back screened porch is the perfect place to relax and watch the golfers amble by.
The main level features a large primary bedroom suite and gracious living spaces both inside and out. The kitchen offers everything you're looking for - a 36' Cafe 6-burner gas stovetop, drawer microwave, wet bar and a walk-in pantry. The second floor offers two more bedroom suites, a 4th bedroom or flex space, and a darling bunkroom for the kids!
Unbelievable parking, storage and flex space underneath the house for all of your beach equipment and island toys. Bald Head Island Club and Shoals Club Memberships available for transfer under separate purchase if desired. Please inquire with listing agent.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$33,500
|
|
Closing Cost
$10,050
|
|
Reserve Fund Deposit
$5,025
|
|
Total Cash at Closing
$48,575
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$983
|
|
Insurance/Taxes
$181
|
|
Repairs
$140
|
|
Maintenance
$140
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$1,507
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$1,675
|
|
Total Monthly Income
$1,675
|
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
- Landmark Sotheby's International Realty
- Last updated at
- October 25th, 2024
- List Agent
- Listings Access
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