Asked by Marc Ward, Maryland • Wed Feb 20, 2013
Here are the numbers I found..."365 Days in a year X Average rental rate of $96 a night (current rates from hotel website) = $35,040 per year in potential income. Occupancy rate of 70% = gross income of $24,528 Estimated costs of 40% of income leaves you with profit of $14,716 Subtracting HOA costs of $603 a month (covers building maintenance, insurance, utilities use of all amenities) leaves a profit of $7,480 Finally subtract taxes of $665 a year and your potential profit is $6,815 a year." Am I missing anything?
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