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Welcome to Refined Realty Resources, Inc.
Income and Expense Breakdown
| Type and Size Home: Condo
Townhouse / Pool Home |
3 Bed Condo |
3 Bed Town home |
3 Bed Pool |
4 Bed Pool |
5 bed Pool |
6 Bed Pool |
7 Bed Pool |
Fixed monthly expenses: |
|||||||
Administration
Fees |
$100 |
$100 |
$100 |
$100 |
$100 |
$100 |
$100 |
Pool Maintenance |
$0 |
$90 |
$90 |
$90 |
$90 |
$90 |
$90 |
Lawn Maintenance |
$0 |
$0 |
$70 |
$70 |
$70 |
$70 |
$70 |
Pest Control |
$30 |
$30 |
$30 |
$30 |
$30 |
$30 |
$30 |
Cable TV |
$35 |
$35 |
$35 |
$35 |
$35 |
$35 |
$35 |
Telephone |
$30 |
$30 |
$30 |
$30 |
$30 |
$30 |
$30 |
Consumables |
$30 |
$30 |
$30 |
$30 |
$30 |
$30 |
$30 |
Variable Monthly Expenses |
|||||||
Utilities |
$220 |
$220 |
$230 |
$250 |
$270 |
$290 |
$310 |
Housekeeping Services (2x a month) |
$140 |
$140 |
$140 |
$150 |
$150 |
$160 |
$190 |
Monthly Running
Costs |
$585 |
$675 |
$755 |
$785 |
$815 |
$845 |
$885 |
Annual Running Costs |
$7,020 |
$8,100 |
$9,060 |
$9,420 |
$9,780 |
$10,140 |
$10,620 |
Target Weekly
Income ($400 - $1,200) |
$500 |
$550 |
$600 |
$700 |
$800 |
$900 |
$1,000 |
Avg Annual Income (Based on 40
wks. Rented |
$20,000 |
$22,000 |
$24,000 |
$28,000 |
$32,000 |
$36,000 |
$40,000 |
Approximate
Net Income (Excluding Mortgage) |
$12,980 |
$13,900 |
$14,940 |
$18,580 |
$22,220 |
$25,860 |
$29,380 |
If the owner does not have a mortgage, real estate taxes will need to be paid out of the above net income figures at an estimated 1.5% to 1.9% of the selling price.
Home insurance can range from $40 - $60 a month.
*Net payments to the owner, i.e., after sales tax and a RENTAL COMMISSION OF ONLY 10%, offered by the rental agreement. Management companies charges from 10-25%.
Rental incomes are generated from a variety of sources. These various sources all have different buying power and agreements, which means that the revenue paid to the owner varies from rental to rental, depending on the source of the reservation.
Home owneres association fees also called HOA vary from $20 - $300 a month.
This advertisement does not offer the sale of any securities and serves as a guide. Buyer should thoroughly familiarize themselves with any property contemplated for purchase.
Minimum occupancy rate is 59% which equates to 30 weeks per year.
Homes purchased in Re-Union and Tierra Del Sol will have a different Rental and Management program.
