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How Many Other Caribbean Oceanfront Condominiums Pay for Themselves?
Investment Pro-Forma
Is it possible to have a positive cash flow on a Laguna Reef Resort condominium with only $50,000 down?
Yes, it is.
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Here is the math on a $659,000 purchase
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Rent your home at $295 per night for 210 nights: $61,950 gross per year.
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Deduct the 25% Property management Fee: $46,462, or $3,871/month avg.
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Deduct the payment on the Panama mortgage of $461,300 at 6.0%: $2765/mo.
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Deduct the payment on the U.S. loan for your construction deposit of $137,700 at 6.5%: $745/mo.
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Deduct the HOA Dues of $275 per month.
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There are NO property taxes for 20 years to deduct.
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Formula:
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$
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3,871
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Average Monthly Rent Collected
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- $
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2,765
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per month
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- $
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745
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per month
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- $
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275
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per month
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= $
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87
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per month Positive Cash Flow.
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Phase I units are going fast. Call 888-273-7262 to reserve your unit today at pre-construction discount prices!
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For information, please contact us at 719-488-0707 or email us at info@csdpanama.com
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