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$1,550,000

For Sale - Active
30 Cedar Ct, Bald Head Island, NC 28461
4 Beds
4 Baths
3,578 Square Feet
0.33 Acres Lot
Built in 1997
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Jun 27, 2025 at 03:32AM

Investment Summary


Monthly Cash Flow
-$4,885
Cap Rate
1.9%
Cash-on-Cash Return
-16.4%
Debt Coverage Ratio
0.33
Internal Rate of Return (5 years)
-11.9%

Property Description


0.33 Acres Lot
Built in 1997
For Sale - Active
Units n/a

Tucked away on a quiet meandering Bald Head Island roadway is 30 Cedar Court. Stately and Whimsical, this spacious home is built for every facet of island living. Upon arriving down the winding drive, you're greeted by beautiful live oak trees and an inviting front porch. Once inside the first floor offers beautiful hardwood floors and all of your entertaining space; media room, family room, half bath, game room, dining room, screened porch, covered wrap-around porch, eat-in kitchen, laundry room, mud room, garage, and outdoor shower. Upstairs, the mezzanine overlooking the dining room and game room offers display cases for those rare beach finds and will lead you to the newly converted 4th bedroom/bunkroom. The primary suite is roomy and cozy and offers a walk-in closet and generous ensuite bath. Two guest bedrooms, plenty of storage closets, and two more full baths complete the second-floor living. Home comes furnished (with excluded items) and includes two golf carts. Currently on a vacation rental program, this home is very versatile and can accommodate not only vacation rental beach living, but full-time or second-home beach living as well. An equity Social Membership is available for separate purchase. This membership will have to transfer to new owner as a Lifestyle Membership.

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Location


Property Details


Parking

  • Description: Additional Parking
  • Details: Additional Parking
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood Shingle
  • Foundation: Other
  • Roof Type: IRR/Cathedral

HOA

  • Has HOA: Yes
  • Association: Bald Head Association
  • HOA Fee: $593/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 2642M015
  • Lot Size: 14375 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1997

Tax Information

  • Annual Tax: $11,415

Utilities

  • Water & Sewer: Public
  • Heating: Heat Pump, Electric
  • Cooling: Ceiling Fan(s)

Location

  • County: Brunswick

Listing Details


Listed by:
Kurt Bonney
Tiffany's Beach Properties
(910) 352-1928

Source:
Hive MLS (North Carolina Regional)
MLS#: 100493590
Hive MLS (North Carolina Regional)

Investment Summary


Monthly Cash Flow
-$4,885
Cap Rate
1.9%
Cash-on-Cash Return
-16.4%
Debt Coverage Ratio
0.33
Internal Rate of Return (5 years)
-11.9%

Purchase Details

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Purchase price:
$1,550,000
Amount financed:
-$1,240,000
Down payment:
$310,000
Closing costs:
$46,500
Rehab costs:
$0
Initial cash invested:
$356,500
Square feet:
3,578
Cost per square foot:
$433
Monthly rent per square foot:
$1.40

Financing Details

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Loan amount:
$1,240,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$7,335
Property tax:
$951
Insurance:
$350
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,636

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,000 $60,000
Vacancy loss: (6%)
6% -$300 -$3,600
Operating income:
$4,700 $56,400

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$951-$11,415
Insurance: (7%)
7%-$350-$4,200
Property management: (8%)
8%-$400-$4,800
Repairs & maintenance: (5%)
5%-$250-$3,000
Capital expenditures: (5%)
5%-$250-$3,000
HOA fees: (1%)
1%-$49-$588
Total operating expenses: (45%)
45%-$2,250-$27,003

Cash Flow


Monthly Yearly
Net operating income:
$2,450 $29,400
Mortgage payments:
-$7,335 -$88,020
Cash flow:
$4,885 $58,620