Expense Calculation for a Villa Purchase

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Approximate Expense Calculations for a 3 bedroom Villa in Sea Pines

Purchase Price $600,000.

Purchase Price & Loan Payments

Sales Price $ 600,000.00

20 % Down $ 120,000.00

$ 480,000.00

monthly principal & interest @6%-30yrs. $ 2,878.00

X $ 12

Annual Principal & Interest $ 34,536.00

Annual Operating Expenses

2008 Property owner Assoc. fee $918.00

Estimated Insurance $ 3,000.00 sometimes included in Regime fee

Estimated Contents Insurance $ 1,000.00

2008 Estimated Taxes $ 6,973.00

Total Annual Estimated Expenses: $11,891.00

Monthly Expenses Estimated

Regime fee (condo fee) $ 380.00

cable TV $ 52.00

Telephone & DSL $ 75.00

Electricity $ 150.00

Landscaping (included in regime)

Pest Control (included in regime)

Pool Maintenance (included in regime)

Trash Collection (included in regime)

Water & Sewer $ 75.00 (sometimes included in regime)

Sub-Total x 12 months: $ 732.00

Total Monthly Estimated Expenses: $ 8,784.00

Annual Budget

Principal & Interest $ 34,536.00

Annual Expenses $11,852.00

Monthly Expenses $732 X12 months $ 8,784.00

$ 55,172.00

Cash Flow of Property

Gross Rental Income (Approximate) $ 28,000.00

Management fee approx. 25% $ 7,000.00

weekly cleaning fee (-$150. X 20 weeks) $ 3,000.00

Net rental income $ 18,000.00

Annual Budget $ 55,172.00

Annual Cash Flow $ (37,211.00)

Monthly Cash Flow (divided by 12 months=) 12

Estimated out gain or loss monthly: $ (3,100.91)

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Caravel Court is on the banks of Harbour Town Marina in Sea Pines on Hilton Head, SC. In 1956, Charles Fraser developed Sea Pines into the first private plantation community on the island. Sea Pines is one of the biggest residential and resort planta... More On This Community
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Ketch Court Villas is on the banks of Harbour Town Marina in Sea Pines on Hilton Head Island, SC. In 1956, Charles Fraser developed Sea Pines into the first private plantation community on the island. Sea Pines is one of the biggest residential and r... More On This Community
Search Listings By MLS Area: SEA PINES
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Search Listings By MLS Area: HILTON HEAD PLANTATION
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