Oceanfront Holden Beach Large Luxury
Public4 of 8
shares taken/4 available shares$2,600,000
Home Price
$325,000
Cost Per Share
$579.63 / mo
Monthly Expenses
$1,875 / mo
Monthly Income
Calculated Costs per Share
Cash At Closing Per Share |
Share Price $325,000.00 |
Seller Realtor Fees $0.00 |
Buyer/Plum Fees (3%) $9,750.00 |
Reserve Fund (3%) $9,750.00 |
Plum Connect: First Year $600.00 |
Total Cash at Closing $345,100.00 |
Monthly Expenses Per Share | |||||
Taxes & Insurance (Monthly) $247.75 | |||||
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Utilities (Monthly) $142.25 | |||||
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Property Maintenance (est. Monthly) $108.75 | |||||
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Property Management (Monthly) $80.88 | |||||
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Total Estimated Monthly Expenses $579.63 |
Estimated Monthly Income Per Share |
Monthly Income $1,875.00 |
Total Monthly Income after Expenses $1,295.38 |
7
Bedrooms
8.5
Bathrooms
3,800
Sq Ft
21
Sleeps
Member Managed
Management
407 Ocean Blvd West, Holden Beach, NC 28462
We have a fantastic, large, 7BR, 8.5BA, oceanfront property right near the boardwalk at Holden Beach. We're interested in the Plum fractional model to sell 7/8 shares in the property so that we can redeploy our equity. The property has a fantastic rental history and is unique in many ways. First, each bedroom has its own en suite bathroom. Plus, there is a full bath outside on the pool deck with hot shower, toilet, etc. Next, the house sleeps 21 guests in 7BRs including 3 master BRs. There is a 35x15 heated pool and hot tub. The house is an inverted floor plan with amazing views of the Atlantic. The house has an elevator, 2 full sized refrigerators, HDTVs in every bedroom, 2 sunrooms, and covered parking. Plus there is a mini-gym (weight room) on the lower floor and a workshop for minor onsite maintenance and repairs.
Rental History: For 2023 & 2024 the gross was right around $210k with an NOI of $106k. Prop mgmt fees are in expenses. $22k38 weeks booked. 80% of annual comes in peak 13 weeks. $14.5k per week peak includes PM and $965 for linens, towels, and cleaning