Short Story
Unlock the tiny house dream! 🏡 Join our community land investment in Richland, NY, for as low as $9,800 per investor. Enjoy fishing🎣, nature🌳, and affordable living.
County Route 41 , Richland, NY 13142
by Otiny house
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$245,000.00
Funding Goal -
$0.00
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0
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Target Goal
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Campaign Story
Are you dreaming of a serene, cost-effective, and eco-friendly lifestyle in the form of a tiny house? Look no further! We’re excited to introduce an 82-acre haven situated in the picturesque Richland, NY, just outside Pulaski. Our vision is to create a thriving tiny house community by acquiring this land together, reducing individual expenses and fostering a sense of camaraderie and sustainability.
Description | Amount for 10 investors | Amount for 20 investors | Amount for 25 investors |
---|---|---|---|
Total Property Cost | $245,000 | $245,000 | $245,000 |
Land Size | 82 acres | 82 acres | 82 acres |
Land Ownership per Investor | 8.2 acres | 4.1 acres | 3.28 acres |
Down Payment per Investor | $4,900.00 | $2,450.00 | $1,960.00 |
Monthly Mortgage per Investor | ~$140.55 | ~$70.28 | ~$56.22 |
Possible Rental Income per Investor | ~$2,460.00 | ~$1,230.00 | ~$984.00 |
Outright Purchase per Investor | $24,500.00 | $12,250.00 | $9,800.00 |
Rental Income minus Mortgage per Investor | ~$2,319.45 | ~$1,159.72 | ~$927.78 |
This property boasts more than just land—it’s a lifestyle. With 1,100 feet of town road frontage and an astounding 1,300 feet of deeded waterfront on Grindstone Creek, it’s an angler’s paradise. The creek, renowned for its stock of fish and public access, means your new home could have fishing on its doorstep.
The land mix of woods and open area is perfect for a variety of uses: building a peaceful residence, setting up a weekend retreat, or enjoying outdoor activities. The multitude of potential building sites caters to your preference, be it nestled in the woods or overlooking the water.
Let’s talk about convenience. You’re not isolated here; the property is only a mile away from Rt 104 and a few miles from Rt 11, bringing you within easy access to Pulaski for your shopping needs, health services, and cozy dining options. For broader conveniences and employment opportunities, Syracuse is a manageable drive away, giving you the city’s resources without living in the hustle and bustle.
For education, entertainment, and a sense of community, you’re well-positioned. Schools for children, festivals, and local community events are all within reach, ensuring that while you enjoy the tranquility of your home environment, you’re never far from the heart of a vibrant community.
Financial Implications of Group Buying Land
Dividing the cost of this beautiful land could greatly enhance the affordability of your tiny house project. Look at these numbers:
- Outright Purchase per Investor: For just $24,500 per person (with 10 investors), you own 8.2 acres. With 20 or 25 investors, the cost per individual drops to $12,250 and $9,800, respectively, for proportional land ownership of 4.1 or 3.28 acres.
- Down Payment: As low as $1,960 per investor if 25 partners join together, significantly less than the traditional 20% down payment on a typical home.
- Monthly Mortgage: This can be as low as ~$56.22, an amount that can be covered by many people’s monthly utility bills alone.
- Rental Income Potential: Each investor could potentially earn from ~$984 to ~$2,460 per month if they choose to rent out their space, with the mortgage subtracted, that’s a substantial passive income of $927.78 to $2,319.45!
Pooling resources means affordable entry, shared investment risk, and the potential for a passive income stream to cover costs and even yield profitability.
Rewards
$9,800.00 or more
Land ownership of approximately 3.28 acres
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