I don't think they're paying closing costs, just maintenance fees, so that puts us at $134/ppt. Closing costs are estimated at just short of $700, so I'm still pretty thrilled about the deal that we're getting.
I was also curious how much it cost the previous owners to turn around and sell it so quickly at such a low price. I made this spreadsheet to try and estimate how the purchase panned out for them. Turns out they spent approximately $17.53/point, which is above the current rental market price (and well above for where it was a few years ago).
200 | Cost/Point | Total | | Points Used |
Purchase | $165.00 | $33,000.00 | | |
Used 2015 | $6.02 | $1,204.00 | | 200 |
Used 2016 | $6.09 | $1,218.00 | | 200 |
Used 2017 | $6.13 | $1,226.00 | | 200 |
Used 2018 | $6.20 | $1,240.00 | | 166 |
Paid 2019 | $6.73 | $1,346.00 | | |
Sold | -$141.00 | -$28,200.00 | | |
Agent | $11.99 | $2,397.00 | | |
| | | | |
Total | | $13,431.00 | | 766 |
Cost/Point | | $17.53 | | |