adjust possible shares to see calculations for more or less people
$1,895,000
target home price
$189,500
cost per share
$1,697 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$37,900
|
|
Closing Cost
$11,370
|
|
Reserve Fund Deposit
$5,685
|
|
Total Cash at Closing
$54,955
|
Details
5 bedrooms
| 7 bath
| 3,204
sqft
This stunning 5-bedroom, 5 full-bathroom home, with 2 half-baths, perfectly embodies the luxury and elegance you expect from a Landfall residence. Designed as a primarily single-story home with a spacious bonus suite upstairs, 1507 Pembroke Jones has been meticulously transformed. The property was taken down to the studs and reimagined with a new floor plan and a complete renovation, ensuring modern comfort and style at every turn.
The home features a brand-new roof, as well as all-new interior and exterior windows and doors. On the main level, you'll find 4 generously sized bedrooms, including 2 oversized suites, each with their own private bathrooms. Upstairs, an additional bedroom and bath offer extra space and privacy.
The true highlight of this home is its breathtaking backyard. Backing up to the prestigious 3rd hole of Landfall's Dye Course, the outdoor living space is an entertainer's dream. A custom pool designed by Coastal Poolscapes includes a heated infinity-edge pool, hot tub, and a swim-up bar with seating both inside and outside the water. The outdoor kitchen, complete with a pergola, provides the perfect setting for al fresco dining, while the outdoor bathroom and shower offer added convenience. For golf enthusiasts, a 3-hole putting green completes this remarkable outdoor oasis.
Don't miss the opportunity to call this exceptional property your new home in Landfall.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$37,900
|
|
Closing Cost
$11,370
|
|
Reserve Fund Deposit
$5,685
|
|
Total Cash at Closing
$54,955
|
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
$1,112
|
|
Insurance/Taxes
$205
|
|
Repairs
$158
|
|
Maintenance
$158
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$1,697
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$1,895
|
|
Total Monthly Income
$1,895
|
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
- SGP Wilmington LLC
- Last updated at
- December 23rd, 2024
- List Agent
- Listings Access
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