Example of $160,000 home with 20% downpayment. Financed at 6% fixed rate for 30 years.

FIGURES FOR SOUTHERN DUNES COMMUNITY

INCOME

RENTAL 30 WEEKS                                            $21,000

RENTAL 35 WEEKS                                            $24,500

RENTAL 40 WEEKS                                            $28,000

$700 WEEKLY INCOME =                                 $24,500 YEARLY INCOME

EXPENSES                   MO.                                 YR.

MORTGAGES                                           $770                             $9,240

TAXES                                                    $230                             $2,760

INSURANCE                                             $120                             $1,440

LAWN CARE                                            $80                              $960

POOL CARE                                             $80                              $960

UTILITIES                                                $300                            $3,600

MANAGEMENT FEE 15% of bookings ($24,500)           $3,675  

TOTAL MONTHLY EXPENSES FOR THE YEAR                   $18,960 

ONE TIME EXPENSES

DOWNPAYMENT 20%                                                           $32,000

MANAGMENT SET UP FEES                                                   $2,000

MORTGAGE/CLOSING FEES                                                  $6,000

TOTAL ONE TIME FEES                                                     $40,000

1 Rentals per largest Southern Dunes management Co. for 2011. 

*All figures are averages, and subject to change at any time due to market conditions. Please verify with your realtor, lender, and mortgage company prior to purchase.

** Please see your accountant regarding tax liabilities and write-offs.