Team Donovan Blog

The Numbers: Solterra Resort - 6 Bedroom Vacation Home

Below are the actual numbers for a 6 bedroom Vacation Villa in the Solterra Resort. 

2015 Rental Revenue - $54,260.35
15% to Management for bookings  + 12% Sales and Hotel Tax = $40,586.74

Expenses

Water - average $160 per month = $1,920
Cable TV - included in HOA fees
Wireless Internet and phone- $70 per month = $840
Management Fee - $275 per month = $3,300 per year -includes management, pool cleaning, pest control
Cleanings - 40 cleaning @ $120 = $4,800 Property Insurance = $1,500
Taxes - $7,800 includes CDD fees
HOA Fees - $2,000 per year

Total Operating Costs = $26,960.00

Total Net Revenue = $ 13,626.74 per year ( keep in mind that your Net Revenue would increase if you had the desire…

Price Reduced - Southern Dunes, Mariner Cay - 1154 Mariner Cay Dr, Haines City

Hurry because this sensational home is now priced to sell fast!!!! This beautiful 4 bed 3 bath home is fully furnished with private pool making it the ideal vacation home. Breathtaking golf course views. Easily accessible for shops and restaurants all within walking distance. A true golfers paradise. 

Asking Price $179,950 (From $184,950)

Price Reduced - Tuscana - 1301 Tuscana Ln # 9207 Unit 9207, Davenport

Located in Champions Gate at the Mediterranean resort of Tuscana is this fully furnished 2 bed 2 bath unit in building 9. This property will make the ideal vacation property. Walking distance from shopping and dining . All found only minutes by car from Disney World.

Asking Price $108,950 (From $111,950)

Orlando Community Reports - January 2016

The January Team Donovan community reports have now been updated and are available from the following link:

                                                                                Community Report

Price Reduced - Bahama Bay - 1004 Gran Bahama Boulevard 31104 # 1004 Unit 1004, Davenport

Magnificent, like new ground floor platinum rated unit at the world famous Bahama Bay Resort. Located steps from the clubhouse. Sensational water view.

Asking Price $110,500 (From $114,950)

For Sale - Terrace Ridge At Town Center East - 313 Terrace Ridge Cir # 313 Unit 313, Davenport

"Short Sale" You will be fond of the cozy covered balcony area on this 2nd floor unit. The open floor plan in the living, dining and kitchen area makes great gathering space and the island theme decor is a lovely added touch. This unit has all the conveniences to make it your ideal vacation home!

Asking Price $99,950

For Sale - Calabay Parc At Tower Lake - 611 Copeland Dr, Haines City

South facing pool is a great asset to this home, in addition to the two master suites both with direct access and views of the pool and spa area. The kitchen and family room combo gives this area a very open yet comfortable feeling. You are also just a short walk away from enjoying the views and boat ramp access of the natural fresh water of Tower Lake. The community also has guarded gate which provides extra security to residents and guests.

Asking Price $194,950

Price Reduced - High Grove - 16621 Caribbean Breeze Way, Clermont

Looking for the perfect Orlando area vacation home? Look no further than this spectacular 4 bedroom 3 bathroom pool home in the gated High Grove resort style community. Located minutes from Disney World. Fully furnished, games room in garage and zoned for short term rental.

Asking Price $189,950 (From $199,950)

Price Reduced - Lake Buena Vista Resort - 8000 Poinciana Boulevard 801 # 2801 Unit 2801, Orlando

If location is everything then Lake Buena Vista Resort Village & Spa has it all! Located on the top floor this end unit is only minutes from Walt Disney World Resort making it your perfect Orlando area vacation resort. Huge pools, on site dining, Irish pub and shopping outlets. This is one of the best options for a second home in Florida.

Asking Price $204,950 (From $214,950)

Why a Short Sale May be Right for You

Home buyers who search for vacation homes in Orlando may occasionally come across a property that is listed as a short sale. This type of property may turn out to be a good investment. But it’s important that you understand what the short sale process involves, and whether it makes financial sense for you.

What is a Short Sale?

A homeowner who is struggling to make mortgage payments may decide to use a short sale as a way to avoid foreclosure. The homeowner sells the house for less than the amount owed on the mortgage. And as a result, the lender doesn’t get all of its money back. This usually happens when a home’s value falls, and only occurs with the lender’s permission.

The bank does not own the property in a short sale. But it must approve the…