Blue Heaven Love & Peace Resort
$975,000
target home price
$97,500
cost per share
$375 / mo
estimated costs
$375 / mo
monthly income
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CASH AT CLOSING PER SHARE
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Down Payment
$19,500
|
|
Closing Cost
$1,600
|
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Reserve Fund Deposit
$2,925
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Total Cash at Closing
$82,525
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Details
Introducing a prime investment opportunity with this brand-new townhouse, where stunning Topsail Island sound side & Intracoastal Waterway views await with deeded beach access, heated pool for entertaining and observation pier in heart of fishing nursery. With six bedrooms and four and a half baths at 2600+ heated square feet of living space. Situated on 2.6 Acres where nature meets costal living. The perfect haven to allow the kids to explore while unwind from the corporate demand. Need 4 separate house, No Problem!! Properties can be combined with other 6- Bedroom unit and host retreat and family events— even build a Family compound. Fled from the cold or bath in sun, ownership can be your at a fraction of cost.
Property will be professional managed with projection of 8 to 10 % return on investment within first two years, and projection of 12 to 18% over the next 4 years. Owners just shows up relax, refresh and unwind- and collect income. This is perfect opportunities to provide generation wealth to your children children.
House Usage
- 10 shares total
- 5 weeks a year per share
About the Organizer
Born and Raised in North Carolina, inspired by our grandparents to create opportunities for others where we leave the world a better place then when we found it. Providing access to Real Estate as mean to creating and providing generation wealth.
Amenities
- Dock
- Hot tub
- Pool
- Waterfront
House Rules
- Pets allowed
- Firearms allowed
- Short term renting permitted
Ask A Question
Calculated Costs per Share
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CASH AT CLOSING PER SHARE
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|
Down Payment
$19,500
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|
Closing Cost
$1,600
|
|
Reserve Fund Deposit
$2,925
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|
Total Cash at Closing
$82,525
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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.
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ESTIMATED MONTHLY EXPENSES PER SHARE
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Insurance/Taxes
$130
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Repairs
$10
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Maintenance
$35
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Utilities
$83
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Cleaning
$65
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Plum Subscription
$50
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Total Expenses
$375
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ESTIMATED MONTHLY INCOME PER SHARE
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Monthly Income
$750
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Total Monthly Income
$375
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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.