Bald Head Island - Beach Views
8 available shares
$1,600,000
target home price
$200,000
cost per share
$427 / mo
estimated costs
$0 / mo
monthly income
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$40,000
|
|
Closing Cost
$14,600
|
|
Reserve Fund Deposit
$6,000
|
|
Total Cash at Closing
$174,600
|
Details
4 bedrooms
| 4.5 bath
Group wanting a property on BHI with marsh or beach views. 8 - 10 co-owners.
House Usage
- 8 shares total
- 7 weeks a year per share
About the Organizer
Plum sponsored group.
Amenities
We are looking for a house that includes:
- Porch
- Waterfront
House Rules
- Only dogs allowed
- Firearms allowed
- No short term renting
Ask A Question
Bald Head Island - Beach Views
Bald Head Island, NC
Home Inspiration
8 Co-owners
0 of 8
0 of 8
$186,250 per share
["Bald Head Island, NC"]
Calculated Costs per Share
Bald Head Island - Beach Views
Bald Head Island, NC
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$40,000
|
|
Closing Cost
$14,600
|
|
Reserve Fund Deposit
$6,000
|
|
Total Cash at Closing
$174,600
|
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
|
|
Insurance/Taxes
$142
|
|
Repairs
$21
|
|
Maintenance
$21
|
|
Utilities
$69
|
|
Cleaning
$125
|
|
Plum Subscription
$50
|
|
Total Expenses
$427
|
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.