Investment Info JW Marriott Residences Condos*
The following information was provided by the listing agents of the JW Marriott Residences Condos. Please give us a call at 727-619-2799 for more information.
- They project that a 1 bedroom 1 bath condo priced in the $500,000's will provide net revenues of about $38,000 per year before debt servicing based on an expected occupancy of 75%
- A Marriott "furniture package" is required. Owners cannot choose other furniture options. Approximate cost is: 1 bedroom condo @ $15,000; 2 bedroom at $20,000; 3 bedroom at $30,000
- A 30% down payment is due at signing the purchase contract
- An additional 10% is due at groundbreaking
- An additional 10% is due at "Top Off" (when main structure is at its full height)
- Balance due at closing
* Preliminary information for discussion purposes only. Buyers should verify all information prior to entering into a purchase agreement.
The Follow Estimates Have Been Provided for Planning Purposes Only