adjust possible shares to see calculations for more or less people
$1,300,000
target home price
$130,000
cost per share
$1,184 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$26,000
|
|
Closing Cost
$7,800
|
|
Reserve Fund Deposit
$3,900
|
|
Total Cash at Closing
$37,700
|
Details
5 bedrooms
| 4 bath
| 3,025
sqft
This Gorgeous Custom Home Provides Luxurious, Comfortable Living with Elegant Coastal Features in the Prestigious, Charleston-Themed, One Meeting Place Subdivision. A Private Aggregate Paved, Palm Tree Lined Drive, lit by Gas Street Lighting to Lead you Home. Custom Built by Hagood Homes, the Home consists of 3025 SF of Living Space, 5 Bedrooms, 3 ½ Baths, a massive Entertainment Room, Study, Flex Room, Large Primary Living space w/ Fully Equipped Gourmet Kitchen & walk-In Pantry, Dining Room, & Spacious and Inviting Living Room with built-ins, Gas Fireplace, & Custom Crafted Trim work, Appliance Closet, Screened Rear Porch, and Two Car Garage. A Welcoming Foyer flooded with Natural Light leads to an Open floor Plan with Recently Updated Kitchen with breathtaking Quartzite Countertops, Custom Cabinetry, New Appliances & Walk In Pantry. A Dining Area, and an Awe-Inspiring Living Room. A First Level Primary Suite w/ Ensuite Bath . The Primary Bath then Flows into a Walk Though Closet w/ Custom Built-Ins, & A Laundry Area. There is also a Guest ½ Bath and a Gorgeous Study with Marble Tile on the first level. Just a few of the many other Incredible Features of the home include recently refinished Oak Hardwood Flooring throughout the Primary Living Area, 10' Ceilings on the First Level and 9' Ceilings on the 2nd Level, and 8' Interior Doorways. Beautiful Trim work throughout, Custom Lighting and Fan, Screened Rear Porch, Second Floor Balcony, A Juliet Balcony, Stereo Sound System w/ Bluetooth Receiver & Ceiling Mounted Speakers, Security System, Attic Storage via pull down, additional Knee Wall Storage and SO MUCH More.
Enjoy Life ''In the Wrightsville Beach Bubble''. A truly exceptional lifestyle with so many amenities in ''walkable'' Proximity. Many Fine Dining, Shops, Hardware Store, ABC Store, Harris Teeter Grocery Store, Pet Store, Fitness Facility, & The Intracoastal Waterway and Wrightsville Beach Bridge easily accessible by foot or Golf Cart.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$26,000
|
|
Closing Cost
$7,800
|
|
Reserve Fund Deposit
$3,900
|
|
Total Cash at Closing
$37,700
|
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
$763
|
|
Insurance/Taxes
$141
|
|
Repairs
$108
|
|
Maintenance
$108
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$1,184
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$1,300
|
|
Total Monthly Income
$1,300
|
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
- Intracoastal Realty Corp
- Last updated at
- January 1st, 2025
- List Agent
- Listings Access
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