Cash Flow Performa for discussion purposes only
Investment Opportunity: Condo Units for Sale
These one-bedroom condominium units are uniquely designed as two individual hotel rooms, maximizing flexibility and investment potential. Each unit features one room with a kitchen, a small living area, washer/dryer, and a bathroom, while the second room has a bathroom only. Buyers can choose from various usage options: owner-occupancy, partial rental, or full rental for investment purposes.
Pre-Construction Pricing
Apartments Facing North Side of Property:
- Downstairs facing North $ 199,000
- Upstairs facing North $ 210,000
Apartments Facing Garden and Pool of Property:
- Downstairs $ 220,000
- Upstairs $ 230,000
Note: Prices are subject to change without notice. Construction milestones will trigger price increases:
- Beginning of construction: +$5,000
- Completion of foundation: +$5,000
- First-floor top-off: +$5,000
Usage Options:
Option A – Use by Owner:
Pre-construction price starting at $199,000
Financing Example (5% down payment):
- Loan Amount: $189,000
- Interest Rate: 5.5% (as of December 2024)
- Monthly Interest: Payment: $866.25
- Amortization of Loan: (1%): $157.50
Total Finance Charges: $1,023.75
Condominium Maintenance Fee: $299.25
Total Monthly Cost: $1,323.00
Option B – Partial Rental and Personal Use:
Scenario: Rent both rooms for maximum income.
- Monthly Expense (Finance + Maintenance): $1,323.00
- Rental Income for Two Rooms: $2,200.00 ($1,100 per room)
- Net Monthly Income to Owner: $677.00
Option C – Full Investment and Rental:
Rental Income: If both rooms are rented, with the same rental estimate of $400 weekly per room (approximately $3,200 per month).
- Management Fee: At 25%, management company fees amount to approximately $800.
- Net Rental Income: After fees, the net income is approximately $2,400.
- Total Cost: Subtracting this income from the total monthly cost, the net monthly return on investment is approximately $577.
Important Considerations
Figures are for Illustration Only: Income and expenses are subject to variability based on third-party providers. Weekly or daily rentals may yield higher income compared to long-term leases.
Interest Rates and Market Conditions: Rates, rental income, and expenses are subject to market changes. Always verify current rates and projections.
Taxes and Legal Considerations: Homestead exemption, real estate taxes, and other legal implications should be discussed with a licensed attorney or accountant prior to purchase.
This investment opportunity offers flexibility and potential returns based on individual usage preferences. For further details, consult with financial advisors to tailor your investment strategy.