This budget provides an outline and estimates in each of the following categories.
Belize Legacy Resort
Estimated Condo Unit Owner's Return
Years 1 through 3 - US Dollars
| Description |
2006/2007 |
2007/2008 |
2008/2009 |
|
|
|
|
| Available Room Nights |
11,680 |
30,012 |
29,930 |
| Estimated Occupancy |
70% |
75% |
80% |
| Occupied Room Nights |
8,176 |
22,509 |
23,944 |
| Average Daily Room Rate |
$150 |
$150 |
$170 |
| Gross Room Revenue |
$1,226,400 |
$3,376,350 |
$4,070,480 |
| Gross Revenue Tax @ 1.75% |
($21.462) |
($59,086) |
($71,233) |
| Net Room Revenue |
$1,204,938 |
$3,317,264 |
$3,999,247 |
| 50% to Suite Owners Pool |
$602,469 |
1,658,632 |
$1,999,624 |
Owner's Collective Costs of Ownership (Annually)
| Description |
2006 / 2007 |
2007 / 2008 |
2008 / 2009 |
| Property Taxes |
$12,800 |
$34,440 |
$36,162 |
| All Perils Insurance Premium |
$57,600 |
$154,980 |
$162,729 |
| Property Maintenance |
$53,760 |
$144,648 |
$151,880 |
| Reserve Fund Contribution |
$38,400 |
$98,400 |
$98,400 |
| Condo Owner's Net Income |
($162,560) |
($432,468) |
($449,171) |
| Net Rental Pool Income |
$439,909 |
$1,226,164 |
$1,550,453 |
Multiply 'Condo Owner's Net Income' by your 'Net Ownership Percentage' to estimate your annual return.
| 2006/2007 |
|
|
|
| Sales Price |
Owner % |
Return $ |
Return % |
| $159,000 |
2.67% |
$11,746 |
7.39% |
| $169,000 |
2.67% |
$12,493 |
7.39% |
$179,000 |
3.00% |
$13,197 |
7.39% |
| $189,000 |
3.18% |
$13,989 |
7.39% |
| $209,000 |
3.51% |
$15,441 |
7.39% |
|
| 2007/2008/2009 |
|
2007/2008 |
2007/2008 |
2008/2009 |
2008/2009 |
| Sales Price |
Owner % |
Return $ |
Return % |
Return $ |
Return % |
| $99,000 |
0.81% |
$9,896 |
10.00% |
$12,559 |
12.69% |
| $104,000 |
0.86% |
$10,506 |
10.00% |
$13,334 |
12.82% |
$109,000 |
0.90% |
$10,995 |
10.00% |
$13,954 |
12.80% |
| $114,000 |
0.94% |
$11,484 |
10.00% |
$14,574 |
12.78% |
| $124,000 |
1.02% |
$12,461 |
10.00% |
$15,815 |
12.75% |
| $129,000 |
1.07% |
$13,072 |
10.00% |
$16,590 |
12.86% |
| $159,000 |
1.31% |
$16,004 |
10.00% |
$20,311 |
12.77% |
| $169,000 |
1.40% |
$17,103 |
10.00% |
$21,706 |
12.84% |
| $179,000 |
1.48% |
$18,081 |
10.00% |
$22,947 |
12.82% |
| $189,000 |
1.56% |
$19,058 |
10.00% |
$24,187 |
12.80% |
| $209,000 |
1.73% |
$21,135 |
10.00% |
$26,823 |
12.83% |
| $269,000 |
2.22% |
$27,121 |
10.00% |
$34,420 |
12.80% |
Returns paid 30 days after the end of each quarter.
All numbers contained herein are estimates.
Annual returns on investments do not include the potential
increase in real estate value of your condo.
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