We have a new project to introduce to both investors and vacationers on Ambergris Caye. The project is called “EL Estero.” These new condominiums are completely furnished and have a low price of $169,000. Built with solid concrete, tall ceilings, air conditioning, modern bath, sleek interior and California style white exterior. The windows and doors are hurricane rated. The interiors are concrete and natural tone Mexican tiles. Furniture is elegant Belizean hardwoods, US quality bed, stainless steel appliances. Each unit is a 1 bedroom, 1 bath. Approximately 550 square feet interior and comes with your own personal veranda. Each condo building comes with a rooftop deck which offers views of the Caribbean Sea and long distance views of the lagoon into the Ambergris Bay. The views are breathtaking with daily panoramic, colorful sunsets. Location of the EL Estero is 2 miles north of town in a very quiet area just north of Tres Cocos. This location offers exotic Caribbean wildlife and an amazing variety of egrets, herons, kingfishers, pelicans, cranes, and orioles.
There is secure parking next to your building. There are two markets within a half mile and five restaurants and bars within a half mile as well.
The developer has contracted with a management company to rent your condo while you are away and these condos will rent well at a desirable price point.
Net Profit Breakdown for Rental Income:
Expect Rental occupancy at 40% at $175 per night. Subtract the annual HOA fee of $2,700, the Insurance and property tax. The management company splits your rental income at 70/30, favoring you the owner. Your net income annually is $14,185.00. Your return on investment is about 9%.
Please contact me if you have any questions.