TWO ISLAND COLONY STUDIOS FOR SALE BY OWNER

Studio #4210 Fees, Costs, Area, & Income

#4210 MAINTENANCE FEES & OTHER COSTS:

MAINTENANCE FEES:	$410/month = $4,920 annually

PROPERTY TAXES:
*As a Resident Owner:	$400 annually
*As a Rental Unit:	$900 annually


HOMEOWNER INSURANCE:
*As a Resident Owner:	$235 Annually
*As a Leased Condo:	$275 Annually
*Hurricane Insurance:	$75/yr is OPTIONAL


NO PARKING INCLUDED W/SALE:	Parking Available - $135/Mon


ELECTRICTY:	$65/month = $780 annually
*If Unit is leased:	Tenant pays Electricity Costs
*If disconnect all Electricity in Unit	$40/month = $480 annually***
***The $40/month is #4210's approximate share of the	electricity costs for all the
common areas in the building (elevators, sauna,	spa, pool, lobby, hallways, etc.)


YEARLY COST OF OWNERSHIP:
*As a Resident Owner:	$6,335 = $4920+400+235+780
*As an Absentee Owner:	$6,035 = $4920+400+235+480
*As a Leased Rental Unit (TENANT pays Electricity):	$6,095 = $4920+900+275

#4210 SQUARE FOOTAGE:

INTERIOR LIVING AREA:	316 square feet
LANAI:	9'x12'=108 square feet

#4210 CURRENT RENTAL INFO & INCOME:

*FOR ONE PERSON (1 year lease):

RENTAL FEE:	$1850 per month
GET TAXES (4.712%):	$87.17 per month
TOTAL RENT / MONTH:	$1850+$87.17=$1,937.17
SECURITY DEPOSIT:	$1,937.17

*FOR TWO PEOPLE (1 year lease):

RENTAL FEE:	$1,950 per month
GET TAXES (4.712%):	$91.88 per month
TOTAL RENT / MONTH:	$1,950+$91.88=$2,041.88
SECURITY DEPOSIT:	$2,041.88

*FOR ONE or TWO PEOPLE on AirBnB with 30 day minimum stay:

RENTAL FEE:	$114.00 / night = $3,420/month
GET TAXES (4.712%):	Included in Rent
SECURITY DEPOSIT:	$1,500

*CURRENTLY CONDO IS NOT UNDER A LEASE CONTRACT:

BUYER CAN HAVE POSSESSION UPON CLOSING

*INCLUDED IN RENTAL FEE:

UTILITIES:	Water, Garbage
BASIC CABLE TV:	Basic Cable Channels
HIGH DEF (HD) CABLE TV:	Premium HD Channels
HD CABLE DVR BOX:	Records cable programs
DSL HIGHSPEED INTERNET:	With Modem + WiFi
MAID SERVICE:	Provided once a month or so
FULLY/EXPENSIVELY FURNISHED:	Natuzzi Sofa, HDTV ...
ELECTRICITY for AirBnB Rentals ONLY:	Included in Rent

*NOT INCLUDED IN RENTAL FEE:

PARKING STALL (TENANT PAYS):	$170 EXTRA/month
ELECTRICITY for non-AirBnB Rentals:	Tenant Pays Monthly

*AVAILABILITY & TERMS:

NO CURRENT LEASE --> Condo	Is VACANT or Rented Monthly
WE ALWAYS REQUIRED A SIGNED LEASE:	Minimum 1 Year*
NOW THAT WE ARE SElLING, THE CONDO:	Is VACANT or Leased Monthly

*We chose to lease by the year for our own convenience.
However, income could be maximized by renting shorter
term to take advantage of the higher rents that can be charged
during the 5 month Winter High Season & the Summer Months or using AirBnB.

*FOR MORE DETAILS ABOUT:

RENTAL OPTIONS & ROI, GO TO:	Rental Info/Income
THE #4210 STUDIO ITSELF, GO TO:	About #4210

#4210 ASKING PRICE:

ASKING PRICE	$348,000 FEE SIMPLE

TO UTILIZE A BUYER'S REALTOR ADD:	1% x $348,000 = $3,480 2% x $348,000 = $6,960 3% x $348,000 = $10,440

FOR MORE DETAILS ABOUT a FSBO SALE:	Go To: FSBO Info