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Typical Monthly Expenses
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MORTGAGE Rate 7%
80% $320,000K 3yr ARM P&I |
2,129 **1,867 Interest Only (7%) |
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PROPERTY TAXES
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600 |
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INSURANCE
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80 |
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UTILITY BILLS
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200 |
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MANAGEMENT COSTS
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***40% Management Fee*** |
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HOMEOWNERS ASSOCIATION
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350 |
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TOTAL
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3,359 |
Estimated annual funds needed to cover costs: $ 40,308 **37,164
Use the table below to estimate your possible rental income scenarios:
Break Even for $200, $250 & $300 gross per night rental rate
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Number of Weeks Rented |
***Average Rental Net (60%)$ Wk |
Annual Total
(Number of Weeks Rented multiplied by
Average Rental Achieved) |
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44.24 (85%) |
$ 840 |
$ Break Even at $200/Night |
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35.39 (68%) |
$1,050 |
$ Break Even at $250/Night |
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29.50 (57%) |
$1,260 |
$ Break Even at $300/Night |
Payment Terms To Purchase The Property
Down Payment: $80K 20%
At Closing: $__________ 3 to 4.5% closing costs
(Remember Furniture if not included)
Why a Condo-Hotel?
Why investment in Orlando Florida?
Orlando Tourism Numbers
Orlando Ranks #1 Second Home Market
Second-Home Buyer Survey
Second Home Market
Where Baby Boomers want to Retire?
Baby Boomers Survey
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