2 adjacent properties on Jamaicas beautiful North Coast close to Dunn´s River Falls

$1,600,000
8
6
6,000
sq. ft.
$267
per sq ft
Heated sq ft: 6,000 sq ft
Avg Nightly Rate: $400
Home Legally Sleeps: 8
Occupancy Rate: 30 weeks
Annual Gross Income : 0
Annual Net Operating Income : 0
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Beach, Business Stay, Couples/Romance, Nature
New Construction: Yes
Days on Vrolio: 678

Property Description

Selling 2 lots with houses, one is the beautiful and stylish modern ONE LUXE JAMAICA VILLA and the adjacent one floor villa next door. The side villa can either be used in addition for STR or as a support unit (like it is now for owners space). Very beautiful maintained garden with lots of tropical fruit trees. The villa has 4 floors, starting with the garage in the basement and pool and maintenance rooms as well as a room that looks through windows into the pool ( only 3x in Jamaica and the only one privately owned).Following are 2 floors with a suite each, kitchen, living room, pool deck and the next floor suite above. On the top, a gorgeous rooftop makes you want to spend all day and night up there watching the sunsets and the stars. The support unit features everything on one floor, 4 bedrooms with EN-SUITE bathrooms, Kitchen, big living room and lots of patio space. A little extra pool was built in conjunction with the one master bathroom. This house provides all electricity through 42 solar panels and a big modern 15 KW wall lithium battery ( August 2019 installed). Under the refreshing pool is a huge water reservoir built to hold about 20.000 Gal of Water. The neighbourhood is a secured gated community, right of the main street connecting Ocho Rios to Montego Bay and even closer to the new highway to Kingston. Both are about an hour far. Both major aiports are good to reach within this time. Lots of major attractions are super close by, like Dunn´s River falls, Mystic Mountain and Dolphin cove.

Presented by:
Owner:
michael sondern
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 500
Low: 350
Peak: 550
Special Event: 500
Avarage: 400.00
Furniture Age
3
Est Value of Furnishings
$250,000
Peak & High Seasons
January, February, March, April, May, October, November, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Moving back to Europe
Foreign national buyer restrictions from government?
No
Gross Annual Income
0
Net Operating Income
0
Stories
4
Additional Indoor Rooms
Family Room, Finished basement, Gym Room, Living Room, Master Suite Down, Multiple Master Suites, Unfinished basement, Other
Appliances
Electric appliances, Full stove, Microwave, Oven, Refrigerator, Washer, Other
Heating/Cooling
Wall Unit A/C, Other
Floor Coverings
Tile
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Solar Panels, Solar Thermal, Tankless water heater
Year built
2015
Outdoor Features
Deck, Fire Pit, Garden, Inground Pool, Private Gated Driveway, Walking Trail, Walk Out Balcony, Other
View
Mountain, Ocean, River/Creek, Valley, Wooded Area
Backyard Exposure
Southeast
Lot Size
in the offer is included 2 lots per 6500 sqft each = 13.000 sqft total for both
Community Features
Tax Amount/Year
$235
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Mandatory HOA
Inquire
Home Legally Sleeps:
8
Onsite Parking
Parking Garage
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
Inquire
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
3 Years
Occupancy Rate
30
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner
Managed By
Owner
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$3,436.00
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
Inquire
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
Inquire
Water/Sewer (Annual)
Inquire
Cable/Interbet (Annual)
Inquire
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$235.00
Homeowner's Insurance (Annual)
Inquire
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

RECALCULATE
Income
Average Nightly Rent

Weekly Rent

Potential Annual Rent

Weeks Rented (of 52)

Additional Net Revenue Streams

Effective Gross Revenue

Effective Gross Rent

RECALCULATE
Variable Expenses (Annual)
Management Rental Commission (%)

Management Rental Commission Annually ($)

Credit Card Fee (%)

Credit Card Fee Annually ($)

Cleaning Fee ($ per rented wk)

Cleaning Fees Annually

Booking Site Service Fees (%)

Booking Site Service Fees ($)

Management Fee ($ per mo)

Management Fee Annually

Additional Nightly Insurance Policy ($ per night)

Additional Nightly Insurance Policy Annually

Sales, Bed, Resort, Tourist Tax (%)

Sales, Bed, Resort, Tourist Tax Annually ($)

RECALCULATE
Fixed Expenses (Annual)
Annual Permits/Licences

Advertising & Tech Costs

Yard and Pest Control

Pool Maintenance

Electricity

Water/Sewer

Cable/Internet

Accounting

Property Taxes

Homeowner's Insurance

Short Term Rental Insurance Rider

CDD fee

Annual Homeowners Association Dues

Additional Membership Fees

Maintenance Reserves/Supplies

Other

Fixed & Variable Expenses

RECALCULATE
Loan
Down Payment (%)

Down Payment (Capital Investment)

Loan Amount

Interest Rate

Amortization (Loan Years)

Monthly Payment

Annual Debt Service

RECALCULATE
Returns
Average Monthly Cash Flow

Annual Cash Flow

Cash-on-Cash Return

Annual Occupancy to Break Even

Break-Even Occupancy (Weeks)

Net Operating Income (NOI)

Cap Rate (ROI)

RECALCULATE

User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

LOCATION MAP VIEW

Data provided by property owner

The information featured here is supplied by third party resources. In some cases the owner directly will supply the data and in other cases third party listing sources. While we do everything in our power to ensure the information is as accurate as possible but we can in no capacity, guarantee the information sourced here is 100% accurate. All users should do their own due diligence and further research before engaging in a property purchase based on the data and information provided here. It is deemed reliable but not guaranteed. In many cases the information may not be verified further than the source that provided it to us. This includes all data and information shown about the properties, locations, regulations and any other details found here. Vrolio does not own, manage and is not in any way associated with in a real estate transaction capacity any of the properties shown here. Images are subject to copyright from owner and photographer. We do not own any of the images provided here. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in a property.