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FLORIDA VACATION HOME |
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Sample Purchase Analysis |
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3 bedroom home, with pool, fully furnished |
| 30% deposit | 40% deposit | 50% deposit | |
|---|---|---|---|
| Sales Price | $124,900 | $124,900 | $124,900 |
| Downpayment | $ 37,500 | $ 49,960 | $ 62,450 |
| Mortgage | $ 78,400 | $ 74,900 | $ 62,450 |
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Purchasers should allow 6% to 8% of the purchase price for closing costs and lender reserves. |
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Monthly Expenses |
| Principal & Interest | $ 780 | $ 650 | $ 560 |
| Real estate Tax | $ 160 | $ 160 | $ 160 |
| Insurance | $ 94 | $ 94 | $ 94 |
| Total Mortgage | $ 1,034 | $ 904 | $ 814 |
| Monthly Running Costs | $ 800 | $ 800 | $ 800 |
| Total Monthly Expenses | $ 1,834 | $ 1,614 | $ 1,497 |
| Annual Expense | $22,008 | $20,448 | $19,368 |
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Sample Rental Program |
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The above figures are for illustration purposes only. As with all forms of investment past performance is not a guarantee of future earnings. |
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To see sample figures for a 4 bedroom home, click here > |
| 32 weeks @ $600 per week | $19,200 | $19,200 | $19,200 |
| Possible additional 8 weeks @ $450 pw | $ 3,600 | $ 3,600 | $ 3,600 |
| Income Total | $22,800 | $22,800 | $22,800 |
| Annual Expenses | $22,008 | $20,448 | $19,368 |
| NET INCOME | $ 792 | $ 2,352 | $ 3,432 |