Financial Model - Cyprus
ESTIMATED RETURN ON INVESTMENT
| Project | Premier Resorts Paphos |
| Location | Tourist Area, Paphos, Cyprus |
| 'Plus' Factor | Europe [E.U. member] |
| No. of Units | 81 |
| Delivery | 8 weeks from signing contract |
| Average Price [excluding furniture pack] | CYP 65,000 |
| Price per m2 [excluding furniture pack] from | CYP 1,278 |
| Initial Cash investment required - [3% + 27% = 30%] | CYP 19,500 |
| Added Plus benefits: Club Membership values and stays etc. | over CYP 5,600 |
| Mortgaged purchase: based on 20 year [Swiss franc loan] | 3.6% |
| Annual Mortgage payable on 70% capital | CYP 2,357 |
| Guaranteed Rental period | 3 years + Negotiable Option to renew annually or 3 year periods thereafter |
| Guaranteed Gross Rental Returns % | 6.5 |
| Guaranteed Gross Rental Return per Annum | CY£ 4,225 |
| Gross Cash flow/ Annum | CY£ 1,868 |
| Annual Capital Appreciation - [average 15 to 20% last five years] | CY£ 9,750 [15% conservative] |
| Total Annual Return | CY£ 11,618 |
| Return on Investment | 59.58% |
The Estimated Return on Investment has been calculated to be approx: 60%
Prices: start from less than CYP 49, 500 including all furniture and fittings, colour TV and DVD, etc. and NO Vat to pay! With free access to all the resort facilities and it's a short walk to the beach!
With a deposit of CYP 19,500.00, and the right gearing you could pay NOTHING for three years. And if you decided to sell the remaining lease for CYP 98,857, at the end of the rental period, based on the estimated capital appreciation. The Capital Appreciation Gain would be CYP 33,857.00 [3xa conservative 15% per annum] or a Return on Investment of 60% [sixty percent!].
Guaranteed Rentals
Guaranteed Annual Gross Rentals: are calculated at 6.5% on the Unit Sales Price, in *(1) of the price list, excluding furniture
Total Annual Management & Service Fees
Total Annual management and service fees: are calculated at approximately 2.19% on the Total Purchase Price in *(2) of the price list including furniture, these fees are paid from the guaranteed rentals collected by the management company, and include for all costs associated with management, administration, common area contribution to maintenance, electricity, water, sewage, cleaning and resort facilities contribution to pools, gym and general maintenance, and the insurance for property, contents and public liability, on behalf of the purchaser. (*And repair and/or replacement of furniture and fittings under the three year rental guarantee!)
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