Icon heart
Icon learn more
Carolina Coast Getaway Icon heart
1 share available
$1,000,000 target home price
$250,000 cost per share
$2,038 / mo monthly cost
CASH AT CLOSING PER SHARE
Down Payment
$50,000
Closing Cost
$10,000
Reserve Fund Deposit
$7,500
Total Cash at Closing
$67,500
Contact Organizer
Details
4 bedrooms | 2 bath

We are a group of 3 co-owners seeking 1 additional co-owner to invest in a North Carolina beach house within a 3-hour drive of the Triangle. A nice stylish place within a short walk of the beach would be perfect. We are open to different types of houses, townhomes, or condominiums.

We want to rent the house during the summer season to maximize financial return and reduce the shared mortgage. We will engage a property management company to handle the rental. Owners will be able to use the property outside of the high season, when it is not being rented.

In 7 years, we will sell the home and split the proceeds.

We're 75% of the way there and looking forward to taking the next step as soon as we find our fourth owner!

House Usage
  • 4 shares total
  • 13 weeks a year per share
About the Organizer

I'm Jenn Summe and my husband is Jeff Gula. We're a couple in our '30s with a 2yo son who lives for the sandbox. We are entrepreneurs with flexible rote work schedules, and hope to periodically work while enjoying this getaway at the beach. We enjoy board game nights with friends, and quiet time in nature for reflection. We value openness and honesty, and believe that no task is insurmountable with enough teamwork and determination.

Amenities
We are looking for a house that includes:
  • Porch
  • Waterfront
House Rules
  • Only dogs allowed
  • No firearms allowed
  • Short term renting permitted
Answered Questions
Ask a question
Home Inspiration
4 Co-owners 3 of 4
$237,250 per share 75% Full!
4 Co-owners 3 of 4
$274,700 per share 75% Full!
4 Co-owners 3 of 4
$212,250 per share 75% Full!

Calculated Costs per Share

Carolina Coast Getaway
Topsail Beach, NC, USA
CASH AT CLOSING PER SHARE
Down Payment
$50,000
Closing Cost
$10,000
Reserve Fund Deposit
$7,500
Total Cash at Closing
$67,500
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 5.75% interest rate.
Plum’s estimate includes 20% of the value of the house as a down payment, 4% of the value of the house for closing costs and 3% of the value of the house for the initial reserve fund.
ESTIMATED MONTHLY EXPENSES PER SHARE
Mortgage Payment
$1,167
Insurance/Taxes
$271
Repairs
$208
Maintenance
$208
Utilities
$103
Cleaning
$56
Plum Subscription
$25
Total Expenses
$2,038
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.
© 2022 Plum CoOwnership