Protected: 1122 Corfield
Protected: Cherie Schaller
Protected: 1434 Deerfield
Alpine Lodge Rental Income
You could own this home for as little as $1,404 a month!
The home has been an extremely successful rental with occupancy over 40% this year, with 151 nights booked so far this year. They have currently $21,270 in bookings, an amount that would severely decrease the cost of owning the home. If you were to purchase the home with 20% down and had a 5% 30yr note, the payments of $4,071.26 would be reduced to $1,404.59 a month. That is assuming an estimated $40,000 in revenue * 80% (20% bookings fee), = $32,000 divided by 12 month for a savings of $2,666.67 a month.
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Rental History and bookings for 585 Alpine Drive, South Lake Tahoe |
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|
Revenue |
Occupancy nights |
% |
|
|
2004 |
$ 22,297.30 |
85 |
23% |
|
2005 |
$ 38,961.06 |
126 |
35% |
|
2006 |
$ 34,099.21 |
119 |
33% |
|
2007 |
$ 41,700.43 |
143 |
39% |
|
2008 |
$ 44,911.69 |
144 |
39% |
|
2009 as of 4/20/09 |
$ 37,783.10 |
151 |
41% |
|
2010 |
$ 1,853.00 |
14 |
4% |
Calendar – Calendar of current bookings.
Rental Rates – Current rates charged tenants.
The owners own the vacation rental company “Vacations Holdings”, They can continue to manage the renting of the home for the new owners. The management company has been successful in actually increasing the occupancy rate through these tough times.
Alpine Lodge – web page for the property
Vacation Holdings Rental Company – Rental management firm
Call me with any questions.
Dan Morrison
916-705-0024
Calendar 585
Alpine Lodge Availability
