ACTIVE  Rental Income From Exclusive Vacation Home | Cayo, Belize

Take advantage of a rare opportunity to own a vacation home within one of Belize’s premier resorts in Cayo with the benefits of rental income generated for you by the resort! Better yet, there are no limits on how much you can use the home yourself.

This is a 4.5 acre subdivision within the Sleeping Giant Rainforest Estates with 50 by 90 foot lots and 50 by 45 foot lots. Homes here will have a more tightly designed housing plan which features seamless indoor/outdoor living spaces, beautiful landscaping, light-filled indoor spaces, and private courtyards with plunge pools. This resort residence community will consist of 24 homes, which would qualify to be part of a rental program marketed directly as part of the resort. This resort extension will also have a common area with a lobby/concierge, restaurant/bar, swimming pool, river access & toys, and dining palapa on the riverbank.

In the Sleeping Giant Rainforest Estate, this development will be located on lots along the Sibun River.

Owners Club:
Buyers will become a part of the Owners Club, which gives the owners the benefit of access to other resorts in the collection at a 20% discount on the best available rate, along with a 10% discount on food, drinks, and tours.

Construction:
Construction has already started on the amenities, beginning with the river deck, dining area, and bar. This will be followed by the construction of the pool and lobby. Once amenities are complete, we’ll move on to the construction of the one-bedroom units, followed by the two-bedroom units. The total construction time will be a year and a half.

Property/Rental Management:
The rental of these units will be available through the management company. The onsite management is provided by the lodge. It is not possible to rent the homes independently from the operation as consistency in product offering is desired. Owners have the right to enter their units into the rental income program or use the units for themselves, their friends, and family. There are no restrictions on how many days an owner can use their unit, and they can participate in the rental pool as much as they wish. Entering and leaving the rental pool is as easy as blocking off room nights with the reservation’s office. One stipulation is that any unblocked room nights that are booked need to be honored by the owners.

Rental Income Split:
The management agreement has a split of net room revenue 70% to the owner and 30% to the resort. The net revenue is the net of sales commissions.

Expected Rental Income:
The hotels have a long history of well-run resorts achieving high occupancy rates at good average daily rental rates. The projections for rental income are based on similar room styles and the rental history of those rooms. From that historical data, an ROI of 11-12% at stabilization is expected.

Financing:
Financing is available up to 40% of the purchase price at 7% annual interest on a 15 year amortization and a 3-year term.

HOA Fees:
There is a monthly HOA fee to cover common area costs, such as exterior grounds/gardens, pathways on the property, roof maintenance, and exterior painting of the buildings.