adjust possible shares to see calculations for more or less people
$1,450,000
target home price
$362,500
cost per share
$3,284 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$72,500
|
|
Closing Cost
$21,750
|
|
Reserve Fund Deposit
$10,875
|
|
Total Cash at Closing
$105,125
|
Details
5 bedrooms
| 6 bath
| 2,834
sqft
Welcome to your ultimate waterfront paradise! This stunning, 5BR, 5.5 BA, fully furnished home, equipped with an elevator, is located on a deep water canal making it the perfect haven for boating enthusiasts. Designed with luxury, convenience and comfort in mind, this property offers everything your could want in a coastal property. The kitchen is completely furnished and equipped with brand new stainless steel GE Profile appliances (purchased January 2025), beautiful granite countertops, coffered ceiling and ample storage for your culinary needs. There is also a brand new washer and dryer!. The living room offers an open concept with a vaulted ceiling, fireplace and a wall of windows capturing the canal views. The flooring throughout the house is a beautiful hardwood. On the main level is a half bath for your guests convenience. Also on the main level are two ensuite bedrooms that open to a private deck. The other three ensuite bedrooms are on the top floor and each opens to your own private deck. The master suite boasts a luxurious soaking tub, oversized ceramic tile shower, double sinks and a private water closet. The glass block window brings in the natural light and offers the privacy you need. Enjoy the newly rebuilt dock with a sink for cleaning fish or your boating supplies. There is an outdoor shower with updated hardware, a garage equipped for an ice machine - ideal for the fisherman. There is also a 20-amp circuit for your golf cart. Other additional updates include a brand new water heater and HVAC unit, a metal roof ensuring durability and low maintenance and a roof top deck offering spectacular views of the canal, sunset or just enjoying a quiet evening of relaxation. This property promises endless memories for you and your family and guests. This home will not last long!! Call today for a preview!
House Usage
- 4 shares total
- 13 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$72,500
|
|
Closing Cost
$21,750
|
|
Reserve Fund Deposit
$10,875
|
|
Total Cash at Closing
$105,125
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Mortgage Payment
$2,128
|
|
Insurance/Taxes
$393
|
|
Repairs
$302
|
|
Maintenance
$302
|
|
Utilities
$103
|
|
Cleaning
$56
|
|
Total Expenses
$3,284
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$3,625
|
|
Total Monthly Income
$3,625
|
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
- Coldwell Banker Sea Coast Advantage
- Last updated at
- January 11th, 2025
- List Agent
- Listings Access
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