Table Rock Lake Luxury Home 9 Bedrooms
$1,500,000
target home price
$187,500
cost per share
$1,696 / mo
estimated costs
$1,875 / mo
monthly income
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$37,500
|
|
Closing Cost
$11,250
|
|
Reserve Fund Deposit
$5,625
|
|
Total Cash at Closing
$54,375
|
Details
An amazing opportunity awaits your large group at this magnificent 3-story lake view home. Overlooking Table Rock Lake, this property can accommodate up to 23 guests in its 9 spacious bedrooms. Guests will have access to clubhouse amenities, including indoor and outdoor pools and more! The home is conveniently located near Table Rock Lake, Highway 76, and Silver Dollar City. Key features include 9 bedrooms with king beds and twin sleeping spots, 8 full bathrooms and 1 half bath, a fully equipped kitchen with stainless steel appliances, 3 vintage arcade units, 2 living rooms with large TVs, high-speed WiFi, expansive decks with a fire dining table and breathtaking lake views, and a jetted hot tub. Each bedroom is equipped with plush linens, Smart TVs, and ample closet and/or dresser space. The kitchen is fully equipped with top-of-the-line stainless steel appliances and stocked cabinets. The home has two large living rooms with comfortable sofas and Smart TVs. Outdoor areas include private decks and easy access to the amenities. This is a fantastic investment opportunity and vacation home! Call for your private showing.
Full MLS Listing
House Usage
- 8 shares total
- 6 weeks a year per share
About the Organizer
I am Carolyn Crispin, the leader of the Crispin Team. It is important to me that you know who you are working with when you chose us to represent you. I started my business career in the investment world, where 30 plus years I was an investment broker and owned my own commodity company. I entered the Real Estate business over 20 years ago where I have now built a team of Real Estate agents that specialize in all areas of the market. I also am the Operating Partner of Keller Williams Tri-Lakes and Keller Williams Lake of the Ozarks. Being in this role I travel to different parts of the country where I network with Real Estate Agents and promote our area. Our team is focused on excellence in customer service. Clients are never treated like a number, their satisfaction is our number one priority. We set realistic expectations that we want them to hold us accountable for at all times. Our philosophy is that “No one succeeds alone”. Our Mission Statement “To develop a lifelong relationship with every client through the highest level of trust, integrity, authenticity, passion and industry knowledge” is one by which we truly live and lead!
Amenities
- Fire place
- Game room
- Pool
- Porch
House Rules
- Pets allowed
- Firearms allowed
- Short term renting permitted
Ask A Question
1 of 8
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$37,500
|
|
Closing Cost
$11,250
|
|
Reserve Fund Deposit
$5,625
|
|
Total Cash at Closing
$54,375
|
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
$1,101
|
|
Insurance/Taxes
$203
|
|
Repairs
$156
|
|
Maintenance
$156
|
|
Utilities
$51
|
|
Cleaning
$28
|
|
Total Expenses
$1,696
|
|
ESTIMATED MONTHLY INCOME PER SHARE
|
|
Monthly Income
$1,875
|
|
Total Monthly Income
$1,875
|
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.