Catch the wave of your dreams: your beach house awaits!
$750,000
target home price
$187,500
cost per share
$1,775 / mo
estimated costs
$1,875 / mo
monthly income
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CASH AT CLOSING PER SHARE
|
|
Down Payment
$37,500
|
|
Closing Cost
$11,250
|
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Reserve Fund Deposit
$5,625
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Total Cash at Closing
$54,375
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Details
Sunny Beach Escape: Perfect Wilmington Beach Getaway
4 bedrooms 3 Full Baths
1318 Snapper Lane, Unit #2, Carolina Beach, NC 28428
Just a short stroll from Wilmington Beach, this inviting family and dog-friendly beach home offers everything you need for a memorable coastal retreat.
Key Features:
Chef’s Kitchen: Enjoy a fully stocked kitchen with stainless steel appliances, extensive counter space, and a spacious island—ideal for cooking and entertaining.
Seamless Living Space: The open-concept design connects the kitchen, dining, and family room, creating a bright and welcoming atmosphere.
Comfortable Climate Control: Central air conditioning is divided by floor for personalized comfort throughout the home.
Outdoor Spaces: Relax on the first-floor porch with your morning coffee or unwind with a drink in the evening. The master suite also boasts a private porch for serene summer lounging and reading.
Sleeping Arrangements:
4 Generous Bedrooms: Includes 2 King beds, 1 Queen bed, and 2 sets of bunk beds with trundles, offering ample space for family and friends.
Master Suite: Features a bright, private retreat with its own bathroom and porch.
Additional Amenities:
Under-House Area: Provides ample parking and space for family gatherings, games, and outdoor cooking. Ideal for creating family memories or enjoying a peaceful escape, this beach home is your perfect summer retreat.
Storage Area: Perfect storage closet outside for all your beach going necessities.
Outdoor Shower: Perfect for rinsing all the salt away after a long day playing in the sand & sun.
House Usage
- 4 shares total
- 13 weeks a year per share
About the Organizer
Hello There! We are a blended family, a lively group of seven, with a deep passion for beach outings. With parents Bobby and Sherry at the helm, we are joined by our five energetic children: Wyatt, the adventurous eldest; Garrett, a budding surfer; Carlyn, who collects seashells; Briggs, who adores splashing in the shallow waves; and little Archer, who loves building sandcastles. Every summer, our troop packs up the beach gear and we head to our favorite coastal spot, where we spend the days playing in the sand, riding golf carts around the island, exploring new local fare, and enjoying long walks on the coast. Our shared love for the beach fosters strong family bonds and creates cherished memories, making each visit a highlight of the year.
Amenities
- Porch
House Rules
- Only dogs allowed
- Firearms allowed
- Short term renting permitted
Ask A Question
Calculated Costs per Share
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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.
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ESTIMATED MONTHLY EXPENSES PER SHARE
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Mortgage Payment
$1,101
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Insurance/Taxes
$203
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Repairs
$156
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Maintenance
$156
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Utilities
$103
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Cleaning
$56
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Total Expenses
$1,775
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ESTIMATED MONTHLY INCOME PER SHARE
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Monthly Income
$1,875
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Total Monthly Income
$1,875
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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.