This apartment complex is located in San Pedro, walking distance to almost everything: Major Banks, Universities, Schools, Restaurants, Theater, major highways, Bus and taxi services.
Complex has 16 one bedroom fully furnished apartments, most units are rented to foreign exchange students. Current ROI is 7.4%
Unit descriptions:
-16 One Bedroom apartments
-DSL Wireless Internet
-Cable Tv
-Bathroom with hot shower
-Kitchen/Dining area
-Living Room area
-FULLY EQUIPPED!!
Income
Rental Income in 16 apartments
June through November
Three month contracts 10 apartments $480 X 10= $4,800 /month rental income X 6 months= $28,800
One month contract 6 apartments at $600 X 6= $3,600/ month rental income X 6 months=$21,600
December through May
Three month contracts 5 apartments $480 X 5= $2,400/month rental income X 6 months = $14,400
One month contracts 6 apartments $600 X 6= $3600/ month rental income X 6 months = $21,600
One week contracts 5 apartments $230/week X 5= $1,150/week income X 4 weeks= $4,600 X 6 months= $27,600
Per day (sometimes) $70/day
$114,000/year total income
Laundry Service Income
40 loads X $7/load = $280/week
$280 X 4/weeks = $1,120/month
Cleaning Service Income
$20 X 16 = $320/week
$320 X 4 weeks = $1280/month
Monthly Income
Rents- VARIES- SEE HIGH AND LOW SEASON
Laundry Service- $1120
Cleaning Service- $ 1280
Total monthly Income = varies high/low season
Total annual Income from rents $114,000
Total annual income from Cleaning and Laundry-$28,800
Total Income- $142,800.00
The return is 9.52% per year. That is 142800/1500000=.0952. Thus it takes 1/.0952 or 10.5 years to recover your 1.5 million.
Tienda de comestibles | Distancia | |
---|---|---|
AM PM | 0,5 km / 2 min | |
Mas x Menos | 0,7 km / 2 min | |
FRESH MARKET YOSES | 1,1 km / 4 min |
Escuelas | Distancia | |
---|---|---|
Escuela Superior de Guitarra | 0,3 km / 1 min | |
Escuela Barrio Pinto | 0,8 km / 3 min | |
Escuela de Economía | 1,1 km / 6 min |
Universidades | Distancia | |
---|---|---|
Universidad Americana -San Pedro | 0,6 km / 3 min | |
Cátedras Internacionales, UCR | 0,9 km / 4 min | |
Programa Permanente de la Prueba de Aptitud Académica Universidad de Costa Rica | 0,9 km / 4 min |
Restaurantes | Distancia | |
---|---|---|
El Sabor del Oriente | 0,7 km / 3 min | |
Las Catrinas | 1,7 km / 7 min | |
Mahalo Bowls | 1,8 km / 7 min |