The document shows projected rental earnings for a property called Turriano over 12 months at an 80% occupancy rate, with a gross monthly earning of $20,000-$24,000 and net monthly earnings of $17,135-$20,815 after commissions and dues. It calculates the 12-month net earnings would be $205,620-$249,780 and the return on investment would be 6-8% for a $3.3 million acquisition cost, including $200,000 for furnishings.
The document shows projected rental earnings for a property called Turriano over 12 months at an 80% occupancy rate, with a gross monthly earning of $20,000-$24,000 and net monthly earnings of $17,135-$20,815 after commissions and dues. It calculates the 12-month net earnings would be $205,620-$249,780 and the return on investment would be 6-8% for a $3.3 million acquisition cost, including $200,000 for furnishings.
The document shows projected rental earnings for a property called Turriano over 12 months at an 80% occupancy rate, with a gross monthly earning of $20,000-$24,000 and net monthly earnings of $17,135-$20,815 after commissions and dues. It calculates the 12-month net earnings would be $205,620-$249,780 and the return on investment would be 6-8% for a $3.3 million acquisition cost, including $200,000 for furnishings.
Gross Monthly Earnings 20,000 24,000 Lease Brokers Commission 8% 8% Net Monthly Earnings 18,400 22,080 Less: Estimated Association Dues 1,265 1,265 Estimated Electricity Bill 0 0 Estimated Water Bill 0 0 Estimated Internet and CATV 0 0 Net Monthly Earnings 17,135 20,815 12 Months 205,620 249,780 Acquisition Cost* 3,300,000 3,300,00 ROI 6% 8% Includes P200,000 for furnishings