| |
|
INVESTMENT
PROFORMA |
|
|
Investment
Proforma
Own an Asset, not a Liability
Ocean View One Bedroom Rental and Expense Projection
|
|
Average
Rate Per Night
|
60%
Occupancy
|
65%
Occupancy
|
70%
Occupancy
|
75%
Occupancy
|
|
Gross
Income at $299/night
|
$65,481
|
$70,938
|
$76,395
|
$81,851
|
|
Maintenance
|
$3,600
|
$3,600
|
$3,600
|
$3,600
|
|
Use fee
|
$12,045
|
$13,049
|
$14,053
|
$15,056
|
|
Management
|
$19,644
|
$21,281
|
$22,918
|
$24,555
|
|
Average
Net Rental
|
$30,192
|
$33,008
|
$35,824
|
$38,640
|
|
+ Two Week Bonus
|
$4,186
|
$4,186
|
$4,186
|
$4,186
|
|
=
Gross Net/year
(including 2 free
bonus weeks)
|
$34,378
|
$37,194
|
$40,010
|
$42,826
|
|
| |
|
TAX FREE
INVESTING |
| |
|
 No Corporate
Income Tax on Revenue
No Personal
Income Tax on Revenue
No Income
Tax on Revenue generated from property
No Capital
Gain Tax on property when sold
No Annual
Real Estate Tax
No
Estate/Inheritance Tax
The local
currency is the US Dollar
Any
Nationality may purchase property
The Crown
guarantees Title therefore No Title Insurance is
necessary
Land
Registry provides details of ownership
Title can be
personal or confidential
Permanent
Residency Status can be obtained with a real estate
investment of $250,000US
The Turks
and Caicos Islands have one of the lowest crime rates in
the Caribbean
The Planning
and Development Department oversee very strict building
codes
The British
system ensures a strict legal and political environment
The Turks
and Caicos Islands is one of the fastest growing tourist
destinations with annual double digit property
appreciation
|
|
