General Project Description


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Macaws Ocean Club Jaco - General Project Description

			MACAW'S OCEAN CLUB JACO - 1 CONDO UNIT
			ESTIMATED CASH FLOW PROJECTION-PHASE 1

ESTIMATED RENTALS:					RATE	RATE	RATE
PEAK SEASON:				DAYS	$225	$350	$450	TOTALS
DECEMBER - APRIL				151
	HOLDAYS-XMAS/EASTER			-21		130DAYS	21DAYS

PEAK SEASON RENTS AT FULL OCCUPANCY						$45,500	$9,450

	ESTIMATED OCCUPANCY					90%	90%

GROSS ESTIMATED RENTS - PEAK SEASON						$40,950	$8,505	$49,455

GREEN SEASON:
MAY-NOVEMBER					214DAYS

GREEN SEASON AT FULL OCCUPANCY					$48,150

	ESTIMATED OCCUPANCY				40%

GROSS ESTIMATED RENTS - GREEN SEASON					$19,260			$19,260

		GROSS ANNUAL RENTALS						$68,715


ESTIMATED EXPENSES:
RENTAL EXPENSES:

	TRAVEL AGENCY BOOKING FEES						$5,497
	PROPERTY MGR BOOKING FEES						$4,673
	PROPERTY MGMT RENTAL FEES						$2,400
	CREDIT CARD FEES						$2,103
	MAID SERVICE						$3,300
		TOTAL RENTAL EXPENSES						($17,973)

		NET ANNUAL RENTALS						$50,742


OCCUPANCY EXPENSES:

	CONDO EXPENSES						$6,000
	ELECTRIC AND WATER						$1,800
		TOTAL OCCUPANCY						($7,800)

		NET CASH FLOW BEFORE DEBT SERVICE						$42,942


NOTE - The assumptions used in this projection were obtained from sources believed to be reliable
to the developer. Actual results will vary and may be significant.