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$2,549,000

For Sale - Active
9 Indian Blanket Ct, Bald Head Island, NC 28461
6 Beds
4 Baths
3,022 Square Feet
0.24 Acres Lot
Built in 1994
For Sale - Active
Units n/a
Checked: 19 hours ago
Updated: Aug 31, 2025 at 10:05AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$8,593
Cap Rate
1.6%
Cash-on-Cash Return
-17.6%
Debt Coverage Ratio
0.29
Internal Rate of Return (5 years)
-13.0%

Property Description


0.24 Acres Lot
Built in 1994
For Sale - Active
Units n/a

Perched on Bald Head's high dunes, enjoying Atlantic seascapes, this roomy six-bedroom, four-bath home is ideal for families. Open the striking mahogany front door to this retreat's open floor plan featuring Brazilian cherry hardwoods. To your left, an oversize dining space is furnished with a table for ten and opens onto a front screen porch. The adjacent kitchen's breakfast bar offers four more seats and egress to the sunny, screened dining porch. Relish alfresco feasting while savoring meals and water vistas. The gourmet kitchen boasts stunning granite counters, bead board cabinets, stainless appliances and wine storage. Nearby, the spacious living area is anchored by a wood-burning fireplace and begs for large gatherings. Down a short hallway, a natural-light-filled King Master suite bestows ocean views when you awake. Step through your private access to the front screened porch or luxuriate in the pampering ensuite with a dual granite vanity, sunken garden tub and oversize tiled shower. Another hallway leads to a sunny corner Queen bedroom with dune wildlife perspectives and private access to the hall Jack-and-Jill full bath. Tucked farther down a hall and up a few steps, another very private King bedroom, with a vaulted ceiling, also uses the hall bath. In addition, this level houses the laundry and access to the two-cart garage with a six- and a four-passenger cart. Upstairs, the bright Grand King Master-with its large flat screen, sofa, game table and ensuite-proffers South Beach panoramas inside and on its generous sun deck. This floor also provides two sunlit ocean-side Queen bedrooms, each with amazing views and glass doors to the sundeck. They share the hall bath. The landing on this floor tenders built-ins and entrée to a generous, serene back screened porch-furnished with a hammock and another dining table. Nap away the afternoon or revel in your own quiet time. Full equity membership to the BHI Club .

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Location


Property Details


Parking

  • Description: On Site
  • Details: On Site
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
  • Foundation: Other
  • Roof Type: IRR/Cathedral
  • Roof Material: Shingle

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: 2643E004
  • Lot Size: 10454 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1994

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Heat Pump
  • Cooling: Central Air

Location

  • County: Brunswick

Listing Details


Listed by:
WWP John Munroe Team
Wendy Wilmot Properties
(910) 471-4005

Source:
Hive MLS (North Carolina Regional)
MLS#: 100504054
Hive MLS (North Carolina Regional)

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$8,593
Cap Rate
1.6%
Cash-on-Cash Return
-17.6%
Debt Coverage Ratio
0.29
Internal Rate of Return (5 years)
-13.0%

Purchase Details

Find an Agent

Purchase price:
$2,549,000
Amount financed:
-$2,039,200
Down payment:
$509,800
Closing costs:
$76,470
Rehab costs:
$0
Initial cash invested:
$586,270
Square feet:
3,022
Cost per square foot:
$843
Monthly rent per square foot:
$1.69

Financing Details

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Loan amount:
$2,039,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$12,063
Property tax:
$0
Insurance:
$357
Private mortgage insurance (PMI):
$0
Monthly payment:
$12,420

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$5,100 $61,200
Vacancy loss: (6%)
6% -$306 -$3,672
Operating income:
$4,794 $57,528

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$357-$4,284
Property management: (8%)
8%-$408-$4,896
Repairs & maintenance: (5%)
5%-$255-$3,060
Capital expenditures: (5%)
5%-$255-$3,060
HOA fees: (1%)
1%-$49-$588
Total operating expenses: (26%)
26%-$1,324-$15,888

Cash Flow


Monthly Yearly
Net operating income:
$3,470 $41,640
Mortgage payments:
-$12,063 -$144,756
Cash flow:
$8,593 $103,116