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Sandy O'Dell is a licensed realtor for the
State of Florida for 25 years
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Disney Properties: (We
originally purchased and decorated these homes). (Vacation rental property must be effectively advertised on high traffic websites / approx. $1000 yearly) |
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Victorian Enchantment -
SOLD 5 bedroom on vacation rental market
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$ in the bank: $45,000 Credit Score: 670-700 Down payment: $30,000 Mortgage Payment: $2200 per month House earns by rentals: $5600 per month Purchase Price: $222K in 2002 Sold for $360K in 2005 GROSS PROFIT: $138K Lawn: $75 per month Pool: $90 per month Pest Control: $20 per month Mgmt. Admin Fee: $150 per month Cleaning: $65-$150 per month Electricity: $130 per month Phone: $30 per month Cable/Satellite: $50 per month Natural Gas: $100 per month Water: $30 per month Tourist Tax: 13% of rental income Property Tax: $2500 per year |
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Belle of Disney 5 bedrooms on vacation rental market
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$ in the bank: $45,000 Credit Score: 670-700 Down payment: $30,000 Mortgage Payment: $2100 per month House earns by rentals: $5600 per month Purchase Price: $212K in 2002 For Sale: 8/2005 $370K GROSS PROFIT: $158K Lawn: $75 per month Pool: $90 per month Pest Control: $20 per month Mgmt. Admin Fee: $150 per month Cleaning: $65-$150 per month Electricity: $130 per month Phone: $30 per month Cable/Satellite: $50 per month Natural Gas: $100 per month Water: $30 per month Tourist Tax: 13% of rental income Property Tax: $2500 per year |
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Southern Belle 7 Bedrooms on vacation rental market
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$ in the bank: $60,000 Credit Score: 670-700 Down payment: $40,000 Mortgage Payment: $4400 per month House earns by rentals: $8000 per month Purchase Price: $360K in 2001 For Sale: 8/2005 $630K GROSS PROFIT: $270K Lawn: $75 per month Pool: $90 per month Pest Control: $20 per month Mgmt. Admin Fee: $150 per month Cleaning: $65-$150 per month Electricity: $130 per month Phone: $30 per month Cable/Satellite: $50 per month Natural Gas: $100 per month Water: $30 per month Tourist Tax: 13% of rental income Property Tax: $2500 per year |
| Victorian
Secret -
SOLD 5 Bedrooms on vacation rental market
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$ in the bank: $45,000 Credit Score: 670-700 Down payment: $30,000 Mortgage Payment: $1800 per month House earns by rentals: $5600 per month Purchase Price: $180K in 2001 Sold for $340K in 2004 GROSS PROFIT: $160K Lawn: $75 per month Pool: $90 per month Pest Control: $20 per month Mgmt. Admin Fee: $150 per month Cleaning: $65-$150 per month Electricity: $130 per month Phone: $30 per month Cable/Satellite: $50 per month Natural Gas: $100 per month Water: $30 per month Tourist Tax: 13% of rental income Property Tax: $2500 per year |
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Estacy of Disney -
SOLD 7 Bedrooms on vacation rental market
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$ in the bank: $60,000 Credit Score: 670-700 Down payment: $45,000 Mortgage Payment: $4400 per month House earns by rentals: $8000 per month Purchase Price: $460K in 2003 Sold for $1,000,000 in 2006 GROSS PROFIT: $540K Lawn: $75 per month Pool: $90 per month Pest Control: $20 per month Mgmt. Admin Fee: $150 per month Cleaning: $65-$150 per month Electricity: $130 per month Phone: $30 per month Cable/Satellite: $50 per month Natural Gas: $100 per month Water: $30 per month Tourist Tax: 13% of rental income Property Tax: $2500 per year |
| Disney
Delight Town home in Complex with Amenities 3 Bedrooms on vacation rental market
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$ in the bank: $60,000 Credit Score: 670-700 Down payment: $30,000 Mortgage Payment: $1500 per month House earns by rentals: $3200 per month Purchase Price: $240K on 1/1/2005 Soon on Market: 8/2005 $325K GROSS PROFIT: $85K Lawn: $0 per month Pool: $60 per month Pest Control: $0 per month Mgmt. Admin Fee: $0 per month Regime Fee: $300 per month Cleaning: $65-$150 per month Electricity: $130 per month Phone: $30 per month Cable/Satellite: $50 per month Natural Gas: $100 per month Water: $30 per month Tourist Tax: 13% of rental income Property Tax: $1500 per year |
| Disney Lot A
- SOLD Lot within Gated Community with Amenities ---- SOLD - NO PHOTO AVAILABLE ---- |
$ in the bank: $35,000 Credit Score: 670-700 Down payment: $20,000 Mortgage Payment: $700 per month Purchase Price: $140K in 2004 Sold: 1/1/2005 $300K GROSS PROFIT: $160K Property Tax: $1000 per year |
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Hilton Head Ocean Front Properties: (Vacation rental property must be effectively advertised on high traffic websites / approx. $1000 yearly) |
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| Ocean Front
Condo -
SOLD Hilton Head, South Carolina 3 Bedroom on vacation rental market
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$ in the bank: $30,000 Credit Score: 670-700 Down payment: $20,000 Mortgage Payment: $1200 per month House earns by rentals: $3500 per month Purchase Price: $153K on 2003 Sold: 1/1/2005 $295K GROSS PROFIT: $142K Lawn: $0 per month Pool: $0 per month Pest Control: $0 per month Mgmt. Admin Fee: $0 per month Regime Fee: $360 per month Cleaning: $65-$150 per month Electricity: $130 per month Phone: $30 per month Cable/Satellite: $50 per month Natural Gas: $100 per month Water: $30 per month Tourist Tax: 10% of rental income Property Tax: $1250 per year |
| Fixer Upper -
Ocean Front Condo Hilton Head, South Carolina 2 Bedroom on vacation rental market
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Renovation cost: $17,000 $ in the bank: $25,000 Credit Score: 670-700 Down payment: $15,000 Mortgage Payment: $360 per month House earns by rentals: $2800 per month Purchase Price: $70K on 2004 Soon on Market: 8/2005 $200K GROSS PROFIT: $130K Lawn: $0 per month Pool: $0 per month Pest Control: $0 per month Mgmt. Admin Fee: $0 per month Regime Fee: $320 per month Cleaning: $65-$150 per month Electricity: $130 per month Phone: $30 per month Cable/Satellite: $50 per month Natural Gas: $100 per month Water: $30 per month Tourist Tax: 10% of rental income Property Tax: $1000 per year |
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Opportunities for Buyers with Low Credit Scores: (or buyers who choose not to tie up their credit) |
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| Lots in Gated
Communities with Amenities
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We arrange other buyers to be partners with
you splitting the cost of a lot or home. One person with adequate credit
finances the property. He and the other partners divide the cost and
agree to sell when property value reaches a specific price (Usually
200%). FYI: We do 2 or 3 of these deals per year. DISNEY LOT
EXAMPLE: Half share: $14K GROSS PROFIT: $42K |
Southern Belle Homes
7045 Leadvale Road
White Pine, TN 37890
1-800-634-3554
(423) 231-1453
Southern Belle Homes © 2005