Vacation Rental Breakdown						Bob Angilella's Team of Professionals
No. of Bedrooms			2 Bedrooms	2-3 Bedrooms	2-3 Bedrooms	3-4 Bedrooms	3-4 Bedrooms	3-4 Bedrooms	3-4 Bedrooms	3-5 Bedrooms
										(Lakefront)
Purchase Price			$  289,000.00	$ 339,000.00	$ 449,000.00	$ 549,900.00	$ 649,900.00	$ 749,900.00	$ 849,900.00	$1,000,000.00
Enter Down Payment %			30%	30%	30%	30%	30%	30%	30%	30%
Down Payment			$    86,700.00	$ 101,700.00	$ 134,700.00	$ 164,970.00	$ 194,970.00	$ 224,970.00	$ 254,970.00	$  300,000.00
Amt. Financed			$  202,300.00	$ 237,300.00	$ 314,300.00	$ 384,930.00	$ 454,930.00	$ 524,930.00	$ 594,930.00	$  700,000.00
Interest Rate			6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%
Term			30	30	30	30	30	30	30	30
Monthly Payment			$      1,245.60	$     1,461.10	$     1,935.20	$     2,370.08	$     2,801.08	$     3,232.08	$    3,663.09	$      4,310.02
Sleeps up to:			up to 6	up to 6	up to 8	up to 8	up to 12	up to 12	up to 12	up to 14
No. of  Nights Rented			60 - 100	70 - 120	70 - 120	90 - 140	90 - 140	90 - 140	90 - 140	90 - 140
Average Nights Rented			90.00	100.00	110.00	120.00	120.00	105.00	100.00	100.00
Average Rental Rate			275.00	325.00	375.00	450.00	500.00	575.00	650.00	725.00
Low			150.00	200.00	225.00	300.00	300.00	350.00	450.00	450.00
High			250.00	300.00	350.00	500.00	525.00	550.00	650.00	700.00
Holiday			350.00	400.00	500.00	600.00	625.00	650.00	750.00	800.00
Gross Rentals Income			$24,750.00	$32,500.00	$41,250.00	$54,000.00	$60,000.00	$60,375.00	$65,000.00	$72,500.00
Prop Management Fee		38%	$9,405.00	$12,350.00	$15,675.00	$20,520.00	$22,800.00	$22,942.50	$24,700.00	$27,550.00
Yearly Net Income			$15,345.00	$20,150.00	$25,575.00	$33,480.00	$37,200.00	$37,432.50	$40,300.00	$44,950.00
Yearly Mortgage			$14,947.20	$17,533.20	$23,222.40	$28,440.96	$33,612.96	$38,784.96	$43,957.08	$51,720.24
Yearly Profit or Loss			$397.80	$2,616.80	$2,352.60	$5,039.04	$3,587.04	-$1,352.46	-$3,657.08	-$6,770.24
A vacation rental income property is a "business write off" i.e; all utilities, mortgage, bills, maintenance, etc. can be deducted as an
expense. (Please check with your Accountant for more information regarding deductions)  A small loss still allows you to use the property,
and deduct the loss on taxes.  The property will slowly appreciate over the years, while supplementing the mortgage.
The above schedule is for comparison purposes only. It is not a guarantee of nights rented, or rental rates charged.
Local property management companies should be contacted if potential buyer is interested in putting a property
in a Vacation Rental Program.  The above numbers are based on an average rental of 80-120 nights per year.
** Based on 6.25% mortgage rate 30 yr. Fixed (P & I only)