Wednesday, September 02, 2009
Golf Course, Roatan Honduras
CONDO OWNER RETURNS
YEAR 2011 2012 2013 2014
Average Rate $365 $401 $441 $485
Occupancy 30% 40% 40% 50%
Gross Revenue $39,420 $57,744 $63,504 $87,300
Main. + Serv. $4,730 $6,929 $7,060 $10,476
ResortShare $7,884 $11,549 $12,701 $17,460
NET REVENUE
$26,806 $39,266 $43,743 $59,364
Notes:
* Conservative Occupancy Rates
* Maint+Serv Includes All Services Including Pool and Landscaping
* Economics based on Condominium B, 2 bdrm.
* These are PROJECTED returns; in no way can the resort guarantee these results.
Wow what are these? Well these are the projections from the developer of Pristine Bay for their new Marina Villa Condos, (Black Pearl Pete Dye design golf course community) being offered for sale that were sent to me this past week. This project¹s property management is being done by the Lancaster Group (http://www.lancaster.com/About_The_Lancaster_Group.html )
I realize that there has never been anything like this offered in actual published returns from here before, if there has been I have not seen them. Can they be real? Lancaster Group is both very experienced and has a great track record but the way I look at these numbers is even if they are off by half, that is one half what is listed above, you are probably looking at double what anyone else on the island is offering in real money or has any real track record of such. Sure is worth a look with prices on units starting at only $348,000. Take a look. What a great place to retire/invest/visit. If you are not thinking about the golf, diving, “beach combing”, hammocking and investing at this place you certainly should be.
Marina Villa Condos
http://www.roatan-realestate.com/listing.php?id=584
Casita Town House Villas
http://roatan-realestate.com/listing.php?id=420
YEAR 2011 2012 2013 2014
Average Rate $365 $401 $441 $485
Occupancy 30% 40% 40% 50%
Gross Revenue $39,420 $57,744 $63,504 $87,300
Main. + Serv. $4,730 $6,929 $7,060 $10,476
ResortShare $7,884 $11,549 $12,701 $17,460
NET REVENUE
$26,806 $39,266 $43,743 $59,364
Notes:
* Conservative Occupancy Rates
* Maint+Serv Includes All Services Including Pool and Landscaping
* Economics based on Condominium B, 2 bdrm.
* These are PROJECTED returns; in no way can the resort guarantee these results.
Wow what are these? Well these are the projections from the developer of Pristine Bay for their new Marina Villa Condos, (Black Pearl Pete Dye design golf course community) being offered for sale that were sent to me this past week. This project¹s property management is being done by the Lancaster Group (http://www.lancaster.com/About_The_Lancaster_Group.html )
I realize that there has never been anything like this offered in actual published returns from here before, if there has been I have not seen them. Can they be real? Lancaster Group is both very experienced and has a great track record but the way I look at these numbers is even if they are off by half, that is one half what is listed above, you are probably looking at double what anyone else on the island is offering in real money or has any real track record of such. Sure is worth a look with prices on units starting at only $348,000. Take a look. What a great place to retire/invest/visit. If you are not thinking about the golf, diving, “beach combing”, hammocking and investing at this place you certainly should be.
Marina Villa Condos
Casita Town House Villas
Labels: Roatan Honduras - retirement real estate, Roatan Honduras Golf Black Pearl Pete Dye Course, Roatan/Retirement/Real Estate Investment/Off Shore Baby Boomers/Caribbean
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