ACTIVE  Great 2BR Home With Rental Revenue Opportunity In Cayo Resort!

This 2BR home with 2BA offers a great opportunity for rental revenue in one of the most beautiful resorts in Cayo. These units are fully equipped for a quick visit or full-time living with a full kitchen and washer/dryer. This model includes a pool and can be located right on the banks of the Sibun River if you so desire. Best of all, there are no limits on how much you can use the home yourself. The lock-off design of this bungalow allows it to be rented as either a 1BR or 2BR unit, keeping your occupancy levels at the maximum.

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 tightly designed housing plan featuring 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. The homes would qualify to be part of a rental program marketed directly. This resort extension will also have a common area with lobby/concierge, restaurant/bar, swimming pool, river access & toys, and dining palapa on the riverbank.

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

For the first phase of this project, homes start at a competitive price for a two-bedroom with full kitchen and laundry and a pool. A riverside location would be available at a higher rate for the same home.

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

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, construction of the one bedroom units will begin, followed by the two bedroom units. Total construction time will be a year and a half.

Rental of these units will be available through a management company with onsite management provided. It is not possible to rent the homes independently as consistency of the product offering is a priority. Owners have the right to enter their units into the rental 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.

The management agreement has a split of net room revenue with a percentage going to the owner and a percentage to the resort. The net revenue is net of sales commissions.

The hotels in the collection have a long history of well-run resorts achieving high occupancy rates at favorable average daily rental rates. Projections for the rental of the homes are based on historical data.

Financing is available for a percentage of the purchase price at an annual interest rate on a specified term.

There is a monthly HOA fee to cover common area costs around the buildings such as exterior grounds/gardens, maintenance, and exterior painting of the buildings.