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If you love the idea of owning property abroad but
have reservations financially, you may find it
interesting to know that with our investment plan
below you can cover most, if not all of your
monthly outgoings on the house, including the
mortgage, interest, running costs, taxes,
insurance, management company fee's etc, and you
may even make an income. |
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If you are a cash buyer, this plan will bring in a
good monthly net income . In both instances your
house remains free for you to use roughly 10 weeks
per year.
The unbeatable benefit of owning a property in or
near to Orlando is that, when you and your family
are not residing in your home, you are guaranteed
a large income from bookings should you wish to
rent your property out to the 40 million
holidaymakers travelling to Orlando each year.
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EXAMPLE ONLY |
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CASH BUY |
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HOUSE PRICE |
$139,300 |
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20% DOWN PAYMENT |
$27,900 |
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MORTGAGE TO PAY |
$111,400 |
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ANNUAL EXPENSES Inc: Mortgage &
Interest, Taxes, Insurance, management
fees, running costs, maintenance. |
$20,172 |
$10,128 |
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INCOME Based on 42 weeks per year
bookings @ $650.00 p.w |
$27,300 |
$27,300 |
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MINUS ANNUAL EXPENSES |
- 20,172 |
- 10,128 |
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NET INCOME |
$7,128 |
$17,172 |
Copyright Coastal Estates
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We will arrange a management company to care for
your home throughout the year, maintaining the
pool and garden, and the cleaning and upkeep
inside the house. This management company will
also advertise your home and arrange bookings
for your home. You are almost guaranteed 40
weeks per year of bookings, and you can
advertise the home yourself to gain maximum
rentals. |
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Once you have decided to purchase your dream
home, you will have the initial costs of the
down payment on the house and closing costs,
(Allow 6-8% of purchase price for closing
costs) We will arrange the most competitive
mortgage if required. After this, your
management company will get started
immediately. It is up to you how much you wish
to charge vacationer's for the use of your
home for a week, it could be anything from
$500.00 to $1300.00 p.w depending on the size
and condition of the house. Effectively, your
house will cover the cost of itself.
The value of some of these properties will
rise dramatically, If you are wise enough to
buy in a sought after area, on a prime lot.
Coastal Estates
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