|
|
|
All of these figures are based loosely on the past history of
Antlers rentals. They assume about three weeks of owner usage
per year. There is absolutely no guarantee that future
operations will be similar to past performance.
No financial decisions should be made on the basis of these figures.
| |
One
Bedroom 680 sq ft
(original unit) |
Two
Bedroom
1,010 sq ft
(new unit) |
Three
Bedroom
1,275 sq ft
(original unit)
|
Four
Bedroom
1,840 sq ft
(new unit) |
|
Gross
Annual Rental Revenue |
$45,000 |
$74,000 |
$86,000 |
$123,000 |
|
|
|
|
|
|
|
Expenses: |
|
|
|
|
|
General Assessments (dues) |
$6,002 |
$10,893 |
$11,389 |
$17,275 |
|
Rental Commission (36% of
rev.) |
$16,200 |
$26,640 |
$30,960 |
$44,280 |
|
Travel Agent Commission |
$1,000 |
$1,600 |
$1,800 |
$2,500 |
|
Maid Fees (owners &
friends) |
$87 |
$134 |
$137 |
$147 |
|
Property Taxes |
$2,735 |
$5,800 |
$6,467 |
$9,314 |
|
Personal Property Insurance |
$300 |
$350 |
$400 |
$450 |
|
Electric Expense |
$1,200 |
$300 |
$1,750 |
$500 |
|
Misc. Unit Maintenance |
$1,116 |
$1,000 |
$2,100 |
$1,500 |
|
Total
Annual Expenses |
$28,640 |
$46,717 |
$55,003 |
$75,966 |
|
|
|
|
|
|
|
Net
Proceeds |
$16,360 |
$27,283 |
$30,997 |
$47,034 |
General Assessments (condo fees) for the new units include the cost
of gas for heat and domestic hot water. The original units
have electric heat and are individually metered, so the assessments
for those units do not include heat or hot water.
|
 |
