|
|
Estimated
Costs and Projected Income for gated resort Villas |
|
|||||
|
|
|
|
|
|
|
|
|
|
Item |
4BR |
6/7 BR |
|
Wks to cover costs |
4BR |
6 BR |
|
|
Price |
$250,000 |
$325,000 |
|
Weeks needed |
|
|
|
|
Percent Down |
20% |
20% |
|
Management |
35 |
32 |
|
|
Down Payment |
$50,000 |
$65,000 |
|
Owner's rentals |
0 |
0 |
|
|
Mortgage |
$200,000 |
$260,000 |
|
Total |
35 |
32 |
|
|
Rate Factor |
0.67% |
0.67% |
|
Still needed |
|
|
|
|
PI |
$1,340 |
$1,742 |
|
|
|
|
|
|
Insurance |
$125 |
$130 |
|
|
|
|
|
|
Taxes |
$350 |
$450 |
|
Results @10% Down |
4 BR |
6 BR |
|
|
PITI |
$1,815 |
$2,322 |
|
Rental Income |
$33,250 |
$38,400 |
|
|
Mthly Operating |
$800 |
$800 |
|
|
|
|
|
|
Total Monthly |
$2,615 |
$3,122 |
|
|
|
|
|
|
Annual |
$31,380 |
$37,464 |
|
Total |
$33,250 |
$38,400 |
|
|
|
|
|
|
|
|
|
|
|
Cash Needed |
4 BR |
6 BR |
|
Less Annual costs |
$31,380 |
$37,464 |
|
|
Down Payment |
$50,000 |
$65,000 |
|
1st year gain/loss |
$1,870 |
$936 |
|
|
Closing Costs |
$1,000 |
$1,300 |
|
|
|
|
|
|
Reserves for Taxes |
$1,050 |
$1,350 |
|
|
|
|
|
|
Reserves for Ins |
$375 |
$390 |
|
|
|
|
|
|
Recording fees |
$2,000 |
$2,600 |
|
Rentals will offset costs
each year. |
|
|
|
|
**HOA |
$1,660 |
$2,158 |
|
|
|
|
|
|
Furniture |
$25,000 |
$32,000 |
|
|
|
|
|
|
Total |
$81,085 |
$104,798 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Cash needed |
$81,085 |
$104,798 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
** Assumes June closing to
end of year |
|
|
|
|
|
||
|
Above figures are for
example ony. Estimated costs and projected income
provided by management |
|
||||||
|
companies that are deemed to be relaible.
All figures are for example only. Your results will vary. |
|
||||||
|
No guarantees as to income
are stated or implied. |
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rental rates are at $950
per week for 4 bed, $1200 per week 6/7 bed. |
|
|
|
||||
|
These are figures
generated from management company websites after their commission, so net to
you. |
|||||||