adjust possible shares to see calculations for more or less people
$85,000
home price
$8,500
cost per share
$137 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$1,700
|
|
Closing Cost
$510
|
|
Reserve Fund Deposit
$255
|
|
Total Cash at Closing
$2,465
|
Details
3 bedrooms
| 3 bath
| 2,100
sqft
Hammocks 55 - Your Island Getaway Awaits!
Welcome to Hammocks 55, a charming coastal fractional ownership retreat located in the heart of Bald Head Island. This beautifully designed home offers a traditional floor plan with 3 spacious bedrooms and 3 full baths, providing plenty of space for relaxing with family and friends. Enjoy the ease of island living with access to world-class amenities, including memberships to the Bald Head Island Club and the Shoals Club, where you can savor fine dining, social events, golf, tennis, pickleball, croquet, swimming pools and pristine beaches. As a Hammocks owner, you'll also have exclusive access to the Hammocks Club, featuring an inviting outdoor pool, perfect for unwinding after a day of island adventures. Hammocks 55 combines the charm of a coastal getaway with the conveniences of fractional ownership, making it a perfect opportunity to own a piece of paradise without the full-time responsibilities. Don't miss the chance to create lifelong memories in this idyllic island setting.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$1,700
|
|
Closing Cost
$510
|
|
Reserve Fund Deposit
$255
|
|
Total Cash at Closing
$2,465
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$50
|
|
Insurance/Taxes
$9
|
|
Repairs
$7
|
|
Maintenance
$7
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$137
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$85
|
|
Total Monthly Income
$85
|
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
- Last updated at
- January 2nd, 2025
- List Agent
- Listings Access
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