adjust possible shares to see calculations for more or less people
$2,699,900
target home price
$269,990
cost per share
$2,391 / mo
monthly cost
Active
status
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$53,998
|
|
Closing Cost
$16,199
|
|
Reserve Fund Deposit
$8,100
|
|
Total Cash at Closing
$78,297
|
Details
4 bedrooms
| 5 bath
| 4,481
sqft
Beautiful, elegant and smart Country French home designed with Brick and Stone, on the Pete Dye Golf Course at Landfall. Landfall is Wilmington's most sought after communities on the Carolina Coast. This home features four bedrooms, two first floor owner suites, a study with coffered ceilings and an expansive open floor plan. This setting is close to both the Eastwood and Drysdale Gates, and is enhanced by mature trees and the luxurious green of the golf course. Enjoy outdoor entertaining with an in-ground pool and indoor entertaining with a well equipped kitchen with double islands, and a formal separate dining room. The living areas have vaulted ceilings, large patio doors to a covered rear porch, and are also appointed with wood floors and a fireplace with buildt-in cabinets.
House Usage
- 10 shares total
- 5 weeks a year per share
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$53,998
|
|
Closing Cost
$16,199
|
|
Reserve Fund Deposit
$8,100
|
|
Total Cash at Closing
$78,297
|
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
$1,585
|
|
Insurance/Taxes
$292
|
|
Repairs
$225
|
|
Maintenance
$225
|
|
Utilities
$41
|
|
Cleaning
$23
|
|
Total Expenses
$2,391
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$2,700
|
|
Total Monthly Income
$2,700
|
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
- Landfall Realty, LLC
- Last updated at
- January 11th, 2025
- List Agent
- Listings Access
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