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Estimated costs
A guide to income and expenditure on your Florida property
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Villa1 |
Villa2 |
Villa3 |
| |
$ |
$ |
$ |
| Typical Sales Price: (including Pool) |
170,000 |
200,000 |
220,000 |
| Investment: |
|
|
|
| 25% Down Payment |
42,500 |
50,000 |
55,000 |
| Closing Costs |
5,750 |
6,750 |
7,450 |
| Estimated Monthly Expenses: |
| Management |
100 |
100 |
100 |
| Electricity & Water |
160 |
185 |
200 |
| Pool Maintenance |
85 |
85 |
85 |
| Lawn Maintenance |
75 |
75 |
75 |
| Pest Control |
>25 |
>25 |
>25 |
| Cable TV |
35 |
35 |
35 |
| Telephone |
>25 |
>25 |
>25 |
| Cleaning |
95 |
105 |
120 |
| Homeowners Association |
>150 |
>150 |
>150 |
| Total Monthly Expenses: |
750 |
785 |
815 |
| Annual Expenses: |
>9,000 |
>9,420 |
>9,780 |
| Annual Mortgage Payments:
|
(Including Insurance & property tax.
Figures assume *7% for 30 years) |
>13,450 |
>15,695 |
>17,313 |
| Total Annual Expenses: |
22,450 |
25,115 |
27,093 |
| Estimated Net Rental: |
| Yield / Income @ 35 weeks |
0% / 22,500 |
0% / 25,000 |
0% / 27,650 |
| Yield / Income @ 40 weeks |
>6% / 25,280 |
>6% / 28,440 |
>7.2% / 31,600 |
The above information is a good faith estimate for guideline purposes only. No purchase of a Florida property should be made in reliance on these figures. Up to 80% loans are available with 30 year terms.
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