WALT FLOOD REALTY - CASH FLOW (Vacation Rental)
One Bedroom Condo in the Waikiki Sunset (#3512)
				CASH FLOW
Daily Rent (Low-Season @ $85/day):				$  2,550.00
Hawaii GET and TAT (11.42%):				$     291.21
Gross Income:				$  2,841.21
LESS: Vacancy Factor (30%)				$     852.36
Net Income:				$  1,988.85
LESS: RE Commission (25% + GET):				$     517.93
Gross Excise & Trans Accom. Taxes				$     223.75
Maintenance Fees				$     371.00
Real Property taxes				$        72.00
Ground Lease rent (2011/2036)				$        66.00
Telephone service (local calls)				$        30.00
Advertising & Ad Fee				$        98.96
Insurance & Misc. (2.5%)				$        63.75
Net/Net Income:				$     545.46
Annual TOTALS (Six months):				$  3,272.77
				CASH FLOW
Daily Rent (High-Season @ $125/day):				$  3,750.00
Hawaii GET and TAT (11.42%):				$     428.25
Gross Income:				$  4,178.25
LESS: Vacancy Factor (10%)				$     417.83
Net Income:				$  3,760.43
LESS: RE Commission (25% + GET):				$     979.28
Gross Excise & Trans Accom. Taxes				$     423.05
Maintenance Fees				$     371.00
Real Property taxes				$        72.00
Ground Lease rent (2011/2036)				$        66.00
Telephone service (local calls)				$        30.00
Advertising & Ad Fee				$        98.96
Insurance & Misc. (2.5%)				$        93.75
Net/Net Income:				$  1,626.39
Annual TOTALS (Six months):				$  9,758.32
Average Totals for 12 months
Daily Rent				$  3,150.00
Hawaii GET and TAT (11.42%):				$     359.73
Gross Income:				$  3,509.73
LESS: Vacancy Factor (20%)				$     701.95
Net Income:				$  2,807.78
LESS: RE Commission (25% + GET):				$     731.20
Gross Excise & Trans Accom. Taxes				$     315.88
Maintenance Fees				$     371.00
Real Property taxes				$        72.00
Ground Lease rent (2011/2036)				$        66.00
Telephone service (local calls)				$        30.00
Advertising & Ad Fee				$        98.96
Insurance & Misc. (2.5%)				$        78.75
Average Net/Net per month:				$  1,044.00
Note: The above figures are for illustration purposes only, and do not represent actual properties.
Walt Flood Realty makes no claims about the correctness of the computations, or their source.
Note: If the property has a mortgage, that payment would have to be deducted from the Net Income.
BREAK-EVEN (NEGATIVE CASH-FLOW):
Price: $290,000.00, Down: $100K (34.4%); Loan: $190,000.00; 6.5% for 25 years = $1,283/month
Negative Cash Flow: $239/month ($2,868/year, or $14,340.00/5 years)