Jay Sherman on site visit with the developer’s representatives, October 2007.
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The newest trend in vacations – locals and tourists alike come to enjoy the water park and hotel all in one.
“Longer-term, the Orlando market should be a solid investment given its fundamentally solid economic base and in-migration.”
- Mark Zandi, Chief Economist, www.moodyseconomy.com
Investment Overview
$132,900 exterior, $142,900 interior
$14,290 check (6% rebate)
1 year leaseback ($1,429 per month)
60 (investor)/ 40 (prop mgr) split
50% write-off of prop mgmt fee (consult your CPA as numbers may vary)
11% return in equity, early 2009
1st phase, $5,000 increase per phase, 4 phases total
2 point buy-down on loan
$2,500 toward closing cost credit
Spring 2009: Water Park completion
24-hour property management, hands-off and stress-free investment
28 days annual use: friends and family
FREE TRIP if escrow closes in 30 days
Download Investment Information
Revenue Projections
Purchase, Monthly and Annual Expenses
Weather Statistics
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