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The property
Contemporary beautiful 1 bedroom or 2 bedroom apartments on golf front lots, only 3 minutes walk from the Club House $175,00-$250,000. Construction begins this month and will complete in November 2013
The investment
5% year ROI gross on purchase prices (excludes taxes and closing costs) - guaranteed return for the first 3 years.
This product is available with a 20% down payment together with the purchase and sale contract, and 30% paid on a monthly basis until delivery, the additional 50% can be financed up to 5 years with 5% interest rate.
The guaranteed three year 5% ROI program works based on marketing your property 46 weeks of the year at the rental program cost and their margins. In exchange for the 5%, the owner can use the property for 2 premium, 2 high and 2 low season weeks. The optional 5% return, can be paid directly to the owners account or put against financing. It is offered as gross, as it does not include, water, electricity, HOA and taxes.
If 50% down payment is made – HOA fees will be waived for three years.
When the property is rented, the electricity, which will be the highest cost, is covered by the client who rents, leaving the lower costs only to the owner.
Annual property taxes - approximately $500
HOA monthly fees - approximately $200
Water monthly fees - approximately $20
Additional fees
Annual property trust fee for ownership - $550 a year.
Net income
Purchase $180,000
Rental income – 3 years @5% = $27,000
Costs – 3 years x $1,300 = $3,900
Guaranteed Net profit = $23,100 – Net ROI for three years 4.3%
Added benefits
· Use of property for 6 weeks per year at no cost
· Free $15,000 golf family membership
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Master Bath | 4.3% | Slate |
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Enquiry Form:Complete the enquiry form to contact the Seller regarding this listing. Please mention you saw the advert on International Property Directory. Property Type : Luxury Apartment, Terms : For Sale, Site Id : 9807775 Fields marked with an * are required. |
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