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Investment Example
This example is based upon a 3-bedroom, 2-bathroom model with a private pool on a standard (conservation) lot in Englewood. Please remember, prices are subject to change and any investment is subject to an element of financial risk.
Turnkey Package Price |
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$ 167,000 |
Minus 20% down payment |
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$ 133,600 |
Initial Cash Investment |
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20% down payment on turnkey package |
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$ 33,400 |
Closing Costs (estimated) |
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$ 5,000 |
Furniture & Furnishing Package |
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$ 36,700 |
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Total Initial Cash |
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$ 75,100 |
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Income |
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Estimated Rental Income (25 weeks @ $1000/week) |
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$25,000 |
Less Rental Commissions (15%) |
$3,750 |
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Less 20 cleans |
$1,950 |
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Total Deductions |
$5,700 |
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Net Rental Income |
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$19,300 |
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Operating Expenses |
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Annual Management Fee $280 X 12 |
$3,360 |
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Total Operating Expenses |
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$ 3,360 |
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Sample Mortgage Expense |
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$133,600 @ 6% - 30 years = $801.00 per month (not including T & I) |
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$ 9,612 |
* Profit (or loss) |
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$ 6,328 |
*Please note: this example doesn't include
any potential benefits due to favorable income tax treatments.
Please check with your local financial planner for details.
We'd be happy to discuss the details in person. Please email
us or call at 941-698-0600.
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