Soak in the Best Weather in the Country!
$650,000
target home price
$162,500
cost per share
$745 / mo
estimated costs
$3,255 / mo
monthly income
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CASH AT CLOSING PER SHARE
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Down Payment
$32,500
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Closing Cost
$1,600
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Reserve Fund Deposit
$4,875
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Total Cash at Closing
$136,475
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Details
Make money & vacation at a fraction of the cost. Discover your slice of paradise in Ventura County, renowned for having the best weather in the country! This is a unique opportunity to co-own a beautifully maintained, low-maintenance 3-bedroom, 2-bath condo with a 2-car garage, just minutes from the beach. Nestled in the distinguished River Park master-planned community, this home offers access to scenic walking trails and six parks, perfect for outdoor enthusiasts and families alike.
Perfect for mid-term rental income from professional tenants with many windows for owners to vacation. Located just 0.5 miles from The Collection and The Landing, you’ll enjoy the convenience of world-class shopping, dining, and entertainment. Explore stores like Whole Foods, REI, Target, and Starbucks, or catch a comedy show at Levity Live. Entertainment options abound with movie theaters, bowling, arcades, and even ax throwing right at your fingertips.
For beach lovers, stunning shores are less than 10 minutes away, while the harbor is just a short 15-minute drive, offering endless opportunities for boating, kayaking, and waterfront dining.
This super-clean home combines great weather, incredible convenience, and endless fun. Don’t miss this chance to own a piece of coastal California living!
This hidden gem is just an hour north of Los Angeles, a short drive to stunning beaches, and steps away from vibrant shopping and dining destinations.
House Usage
- 4 shares total
- 12 weeks a year per share
About the Organizer
Hi, I'm Chad. In 2025, we are moving to the Great White North, but we want to visit friends and family and have fun and amazing weather 3 months out of the year. We are this condo's original owner and have kept it pristine. We have invested in a whole-house filtration system and hardwood floors throughout most of the house.
Amenities
- Porch
House Rules
- No pets
- Firearms allowed
- No short term renting
Ask A Question
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Calculated Costs per Share
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CASH AT CLOSING PER SHARE
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Down Payment
$32,500
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|
Closing Cost
$1,600
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Reserve Fund Deposit
$4,875
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Total Cash at Closing
$136,475
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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
$270
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Repairs
$30
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Maintenance
$90
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Utilities
$105
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Cleaning
$200
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Plum Subscription
$50
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Total Expenses
$745
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ESTIMATED MONTHLY INCOME PER SHARE
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Monthly Income
$4,000
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Total Monthly Income
$3,255
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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.