Found 19 entries about The Numbers.
The June Team Donovan community reports have now been updated and are available from the following link:
                                         Community Report
May 'musings' from the Orlando resort area...
The number of homes available in the resort area was down 3% from April as 1955 were recorded as listed for sale. The only type of listing class that showed an increase was short sales which were up a net 3 from April at 34. Bank owned listings were down 20 month on month at 41 while normal owner listings fell 64 at 1955. The average days on market that a home took to sell was unchanged from last month at 130 whilst the average price achieved of a home that closed was down very slightly from last month at 96.6% from 96.7% in April. The average price of a home in our market was up 0.6% from last month at $171,500 and was 5.2% higher than the May 2015 figure of $162,956. During May the market saw 167 homes…
The May Team Donovan community reports have now been updated and are available from the following link:
                                         Community Report
Buying a second home in Orlando is a decision that requires careful study of your finances to make sure this investment is one you can truly afford. Once you’ve committed to the idea, and have enough funds on hand for a down payment, you can explore ways to save money on closing costs for your vacation home.
Closing costs are the final fees a buyer pays before completing the purchase of a property. These fees are paid to third parties that assist with the mortgage, such as the lender, as well as optional ones, such as mortgage discount points and fees that must be paid to others parties for title/escrow and insurance. There are two types of closing costs – recurring and non-recurring costs.
Recurring costs that need to be paid more than once include:
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The April Team Donovan community reports have now been updated and are available from the following link:
                                         Community Report
March 'musings' from the Orlando resort area...
March closings across the resort area resulted in 281 homes changing hands which was 2 less than the March 2015 total but 36 above the 245 February 2016 closings. Overall inventory levels were down 2.1% from last month at 2010 active listings. By type normal owner listings were down 45 month on month at 1912 while short sales fell 2 at 35. Conversely bank owned inventory recorded a rise of 4 homes at 65. Year on year inventory levels have continued to rise with the overall March total up 11.2% from the same month last year. The median price of a resort area home was up 0.5% from last month at $169,893 and up 4.6% from the March 2015 median price of $162,118. The areas average days on market remained…
The March Team Donovan community reports have now been updated and are available from the following link:
                                         Community Report
Thinking about buying a second home in Orlando? Many people dream of buying a vacation home and renting it out so they can recoup part of their investment. The key to generating a profit with a vacation home is making sure that the property is in a desirable location.
There’s no doubt that Orlando is a popular vacation destination. Visitors come here from all over the world to go to Disney World and Universal Studios, for starters. And the city’s location in the center of the state makes it easy for vacationers to drive to Tampa, and enjoy the beaches on the Gulf of Mexico, or head east to Cocoa Beach on the Atlantic Ocean and all the attractions there, like Kennedy Space Center.
Before you buy a vacation villa, it’s important to realize that there…
Below are the actual numbers for a 6 bedroom Vacation Villa in the Solterra Resort.Â
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…
