Holiday let income
projections
2 Bedroom Apartment Ground
Floor price $235,000
Occupancy |
Income |
Costs |
Body Corporate |
Return |
50% |
$29656 |
$11862 |
$3175 |
6.0% |
55% |
$32622 |
$13049 |
$3175 |
7.0% |
60% |
$35587 |
$14235 |
$3175 |
7.7% |
65% |
$38553 |
$15421 |
$3175 |
8.5% |
70% |
$41519 |
$16607 |
$3175 |
9.0% |
75% |
$44484 |
$17793 |
$3175 |
10.% |
80% |
$47450 |
$18980 |
$3175 |
10.7% |
3 Bedroom Apartment price
$345,000
Occupancy |
Income |
Costs |
Body Corporate |
Return |
50% |
$29822 |
$11929 |
$4234 |
4.0% |
55% |
$32804 |
$13121 |
$4234 |
4.4% |
60% |
$35786 |
$14314 |
$4234 |
5.0% |
65% |
$38678 |
$15471 |
$4234 |
5.5% |
70% |
$41750 |
$16700 |
$4234 |
6.0% |
75% |
$44733 |
$17893 |
$4234 |
6.5% |
80% |
$47715 |
$19086 |
$4234 |
7.0% |
Super 2 Bedroom Apartment Ground Floor
price $280,000
Occupancy |
Income |
Costs |
Body Corporate |
Return |
50% |
$31938 |
$12775 |
$3175 |
5.7% |
55% |
$35131 |
$14052 |
$3175 |
6.4% |
60% |
$38325 |
$15330 |
$3175 |
7.0% |
65% |
$41519 |
$16607 |
$3175 |
7.7% |
70% |
$44712 |
$17885 |
$3175 |
8.4% |
75% |
$47906 |
$19162 |
$3175 |
9.0% |
80% |
$51100 |
$20440 |
$3175 |
9.8% |
Costs are calculated at
40% of income & include such costs as management fees,
credit card fees, linen hire, room cleans, guest starter pack
(tea, coffee, sugar, milk, toilet rolls, soap, shampoo), dish
cloths, electricity, telephone, r & m.
Palm Cove currently operates at 68%
occupancy.
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