Bald Head Island - Plum Group
2 of 4
shares taken / 2 available shares$850,000
target home price
$212,500
cost per share
$882 / mo
estimated costs
$0 / mo
monthly income
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$42,500
|
|
Closing Cost
$13,350
|
|
Reserve Fund Deposit
$6,375
|
|
Total Cash at Closing
$189,725
|
Details
3 bedrooms
| 2 bath
Forming a group to buy and co-own a vacation home on Bald Head Island. This group will be 4 - 8 co-owners and will allow Short Term Rentals for unused weeks and allows pets. We will be closing this group by May 15th.
House Usage
- 4 shares total
- 12 weeks a year per share
About the Organizer
Plum is organizing this group and can hand off the management to a member if desired.
Amenities
We are looking for a house that includes:
- Dock
- Porch
- Waterfront
House Rules
- Only dogs allowed
- Firearms allowed
- Short term renting permitted
Ask A Question
Bald Head Island - Plum Group
Bald Head Island, NC
Home Inspiration
4 Co-owners
2 of 4
2 of 4
$212,500 per share
["Bald Head Island, NC"]
Calculated Costs per Share
Bald Head Island - Plum Group
Bald Head Island, NC
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$42,500
|
|
Closing Cost
$13,350
|
|
Reserve Fund Deposit
$6,375
|
|
Total Cash at Closing
$189,725
|
|
ESTIMATED MONTHLY EXPENSES PER SHARE
|
|
Insurance/Taxes
$211
|
|
Repairs
$44
|
|
Maintenance
$314
|
|
Utilities
$138
|
|
Cleaning
$125
|
|
Plum Subscription
$50
|
|
Total Expenses
$882
|
This total is an estimate of all the expected costs
associated with owning a vacation home with a Plum certified
ownership agreement.
Location, type of house, changes in interest rates and
utilities can all change and affect the monthly cost
throughout the term of ownership.