adjust possible shares to see calculations for more or less people
$2,350,000
home price
$235,000
cost per share
$2,089 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$47,000
|
|
Closing Cost
$14,100
|
|
Reserve Fund Deposit
$7,050
|
|
Total Cash at Closing
$68,150
|
Details
4 bedrooms
| 4 bath
| 2,400
sqft
Buffered by common area on three sides, this coastal retreat on Bald Head Island offers privacy and views! This charming, raised low country home features 4 spacious bedrooms and 3.5 baths, along with ample space for relaxation and entertainment. The first floor outdoor spaces enjoy privacy and serenity in the protected common areas while the second floor spaces open to stunning ocean views.
Inside this never rented home, you'll find a beautifully updated interior adorned with cozy coastal furnishings and gorgeous wallpaper accents. Offered fully furnished, this property is ready for immediate enjoyment or to be a turnkey rental.
Practical features include under-house storage for beach essentials and a garage with direct entry to the house. Two golf carts (one 4 seat and one 6 seat) convey and there is a Bald Head Island Club membership available for transfer.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$47,000
|
|
Closing Cost
$14,100
|
|
Reserve Fund Deposit
$7,050
|
|
Total Cash at Closing
$68,150
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$1,379
|
|
Insurance/Taxes
$255
|
|
Repairs
$196
|
|
Maintenance
$196
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$2,089
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$2,350
|
|
Total Monthly Income
$2,350
|
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 28th, 2024
- List Agent
- Listings Access
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