3199 Pate Pond Road , Vernon, FL 32462
by Otiny house
$350,000.00
Funding Goal$0.00
Funds Raised0
Days to goTarget Goal
Campaign End Method
Campaign Story
The property also offers approximately 3,350 ft of serene water frontage. Some of the property is already cleared and mulched- ready for a home!
Imagine a vast expanse of 73 acres of lakeside property, with beautiful live oaks and cypress trees, the potential for serene waterfront views, and abundant fishing.
The property also offers approximately 3,350 ft of serene water frontage. Some of the property is already cleared and mulched- ready for a home!
It’s not just a dream, but a real place at 3199 Pate Pond Road, Vernon, FL 32462, with a purchase price of $350,000. While the cost may be prohibitive for one, it becomes attainable when shared by many.
Possible Solution: Group Land Investing
Group land investing is where we rethink property ownership. Rather than an individual footing the entire bill, a group collectively invests. This method significantly reduces each person’s financial burden, making the seemingly impossible surprisingly achievable. How does this work in real life? Let’s crunch the numbers for this Florida gem.
Financial Data: A Summary
By collaborating with 25 like-minded individuals, the vast 73-acre property shifts from an individual’s dream to a shared reality. With each investor holding 2.92 acres, the down payment drops to $2,800 per person, and the monthly mortgage contribution becomes a mere $80 each. This redefines affordability.
Outright Purchase Without a Mortgage
What if mortgage wasn’t an option? The total property cost divided by 25 investors would mean a one-time payment of $14,000 per person. This group effort concept slashes individual costs and expands opportunities.
Description | 10 investors | 20 investors | 25 investors |
---|---|---|---|
Total Property Cost | $350,000 | $350,000 | $350,000 |
Land Size | 73 acres | 73 acres | 73 acres |
Number of investors | 10 | 20 | 25 |
Land Ownership per Investor | 7.3 acres | 3.65 acres | 2.92 acres |
Down Payment per Investor | $7,000 | $3,500 | $2,800 |
Monthly Mortgage per Investor | ~$201 | ~$100 | ~$80 |
Possible Rental Income per Investor | ~$2,190 | ~$1,095 | ~$876 |
Outright Purchase per Investor | $35,000 | $17,500 | $14,000 |
Rental Income minus Mortgage per Investor | $1,989 | $995 | $796 |
Additional Benefits of Group Buying
Pooling resources goes beyond upfront cost savings. By collectively purchasing a large tract, expenses are significantly reduced:
- Risk and Maintenance Sharing: Unforeseeable costs and responsibilities are distributed.
- Income Potential: Portions of the land can be rented out.
- Community: Instant social support.
- Bargaining Power: Better deals on services and materials.
- Capital for Future Investments: Group funds for further improvements or ventures.
- Knowledge Pooling: Collective wisdom to navigate complex processes.
Conclusion
Optimal Number of People for Cost Reduction:
Upon analyzing costs for outright purchase per investor, it is evident that 25 investors generate the most significant reduction, distributing the financial burden and making the land purchase much more accessible.
Collective land purchasing truly paves the way for affordable tiny house living. Ownership of a picturesque slice of Florida becomes a tangible opportunity when individuals join hands. The calculations reveal that savings are not in pennies but in thousands of dollars.
Now, let’s consider not just the numbers but the spirit of community that this purchasing model ingrains. The property at Pate Pond Road stands not just as land but as a testament to unity, sustainability, and the tiny house movement’s potential.
If this sparks an interest, and affordable tiny home ownership is what you seek, remember—the shared model might just turn the tide in your favor. Connect, discuss, and maybe we’ll find ourselves as neighbors in a tiny house community where collaboration and affordability form the roots of our very homes.
Financial Implications of Group Buying Land:
By comparing the financial benefits of buying the Pate Pond Road property collectively versus individually, the advantages of group land investment become clear. The drastic reduction in cost per investor when purchasing together presents an attractive proposition for those considering a tiny house community.
With this insightful exploration, we unwrap the full potential of our collective endeavors. The eco-friendly, minimalist, and community-oriented approach can lead us to a more affordable, sustainable future. The Pate Pond property is not just a parcel of land; it’s the blueprint for our shared vision in tiny house living.
It appears a portion of the land is zoned conservation, but there appears to still be plenty of land to build. Buyer should do their due diligence and verify usability/build ability with the county zoning/building department. All sizes approximate, buyer to obtain a survey to verify lot dimensions, corners, and size if important.
Rewards
$14,000.00 or more
Land Ownership per Investor ~ 2.9 acres
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