MLS

Weekly Income Model (NOT Guaranteed)

Estimate Cash Flow Model...at 65% occupancy...

Using Weekly rents of $900 IN SEASON and $650 OFF SEASON

• INCOME:

In Season Rents....$900 per week

jan,feb,march,apr,june,jly,aug,dec...32 wk potential....(at 65%=20wk X $900)= $18,000 annual

Off season Rents.....$650 per week

may,sept,oct,nov...20wk potential.................................(at 65%=13wk X $650)= $8,450 annual

.................................................................................................................................$26,450

• EXPENSES

Taxes........................$2,245

Mo Assoc Fee............2.400

Contents Ins.................. 360

Mgnt Fee 15%.............3,967

Maid service $60per....1,980

.................................................................................................................................$10,900

• NET CASH ON CASH B/4 DEBT

SERVICE........................................................................................................ $ 15,500

Cash Flow on $229,000 Asking Price.........6.8% + potential appreciation of Oceanfront

If Owner assumes Property Managent.... Cash Flow, add back Mgnt Fee of $3,967, cash flow increases to .....................$19,500

Cash flow if owner manages rental of unit annual or 8.5% +appreciation potential of oceanfront

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• MORTGAGE ( Assume's 6.5%, 95% of purchase price) or $11,450 Down

Annual Mortgage payments @ $1,406 per month......................................................................................$16,880

CASH ON CASH (OWNER MANAGER)

Net Cash Flow $19,500 less Mortgage of $16,880 = $2,620

$2,620 div by cash investment $11,450= 22.8% annual Cash on Cash