adjust possible shares to see calculations for more or less people
$2,395,000
home price
$239,500
cost per share
$2,128 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$47,900
|
|
Closing Cost
$14,370
|
|
Reserve Fund Deposit
$7,185
|
|
Total Cash at Closing
$69,455
|
Details
4 bedrooms
| 4 bath
| 2,370
sqft
River front home located where the Cape Fear River meets the Atlantic Ocean. Watch breathtaking sunsets color the horizon from your lofted observation suite. Experience the thrill of seeing large container ships that appear close enough to reach out and touch. Enjoy an afternoon of fishing from the waters in front of your house. Stroll to the marina or BHI Club on Bald Head's most private stretch of beach. This 4 bedroom and 4 bath home with a charming timber frame design is nestled in the dunes on a quaint and quiet cul-de-sac. The light and airy great room provides a comfortable space for family gatherings. Entertain friends on the spacious deck while deer and other wildlife play in the dunes. The renovated kitchen boasts granite counter tops, stainless steel appliances, and custom-built glass front cabinets. Tastefully furnished with two golf carts. A Shoals Club membership is 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
$47,900
|
|
Closing Cost
$14,370
|
|
Reserve Fund Deposit
$7,185
|
|
Total Cash at Closing
$69,455
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$1,406
|
|
Insurance/Taxes
$259
|
|
Repairs
$200
|
|
Maintenance
$200
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$2,128
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$2,395
|
|
Total Monthly Income
$2,395
|
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
- Atlantic Realty Professionals, Inc
- Last updated at
- November 25th, 2024
- List Agent
- Listings Access
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