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
Electric - average $400 per month = $4,800 per yearWater - 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 and ability to generate your own bookings )
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