Estimated Costs and Projected Income for gated resort Villas

 

 

 

 

 

 

 

 

 

Item

4BR

6/7 BR

 

Wks to cover costs

4BR

6 BR

 

Price

$225,000

$300,000

 

Weeks needed

 

 

 

Percent Down

20%

20%

 

Management

30

30

 

Down Payment

$45,000

$60,000

 

Owner's rentals

0

0

 

Mortgage

$180,000

$240,000

 

Total

30

30

 

Rate Factor

0.67%

0.67%

 

Still needed

 

 

 

PI

$1,200

$1,596

 

 

 

 

 

Insurance

$125

$130

 

 

 

 

 

Taxes

$250

$350

 

Results @10% Down

4 BR

6 BR

 

PITI

$1,575

$2,176

 

Rental Income

$28,200

$38,400

 

Mthly Operating

$800

$1100

 

 

 

 

 

Total Monthly

$2,375

$3,176

 

 

 

 

 

Annual

$28,500

$38,112

 

Total

$28,200

$38,400

 

 

 

 

 

 

 

 

 

Cash Needed

4 BR

6 BR

 

Less Annual costs

$28,500

$38,112

 

Down  Payment

$50,000

$65,000

 

 1st year gain/loss

-$600

$288

 

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. Florida law prohibits such claims

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rental rates are at $940 per week for 4 bed, $1280 per week 6/7 bed.

 

 

 

These are figures generated from management company websites after their commission, so net to you.