adjust possible shares to see calculations for more or less people
$3,650,000
home price
$365,000
cost per share
$3,210 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$73,000
|
|
Closing Cost
$21,900
|
|
Reserve Fund Deposit
$10,950
|
|
Total Cash at Closing
$105,850
|
Details
5 bedrooms
| 5 bath
| 3,000
sqft
Welcome to the oceanside retreat known as ''West Nest''.
This custom-built, Scott Sullivan-designed beach house features unobstructed ocean views just steps to the beach.
With a proven rental history and strong bookings already in place for 2025, this is not just an escape but a truly turnkey rental property.
The reverse floorplan takes full advantage of the stunning ocean views and an elevator serves all three floors! Two separate living areas on separate floors provide ample space for the entire family to unwind. A delightful bunkroom is perfect for kids or overflow guests.
On the ground floor is ample storage for beach essentials, a heated and cooled entry room, and lockable owner's closets. Beside the outdoor shower, a dog washing station adds an extra touch of functionality to this thoughtfully designed home.
Sold fully furnished with two golf carts and a Bald Head Island Club membership to transfer.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$73,000
|
|
Closing Cost
$21,900
|
|
Reserve Fund Deposit
$10,950
|
|
Total Cash at Closing
$105,850
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$2,143
|
|
Insurance/Taxes
$395
|
|
Repairs
$304
|
|
Maintenance
$304
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$3,210
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$3,650
|
|
Total Monthly Income
$3,650
|
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
- November 21st, 2024
- List Agent
- Listings Access
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