SUMMER's COVE

4-UNIT COMPLEX REAL ESTATE OPPORTUNITY

USD $3,395,000 plus Stamp Duty of 7.5%   Monthly Revenue | USD $25,875  IRR = 8.0%

Rare opportunity to purchase a newly constructed independent complex with no HOA.

High level of structural integrity and low maintenance costs. Property management options available.

3 Bedroom | 2.5 Bath | 2 Parking Spaces

Interior Living Space: 1,678 Sq Ft 

Private Outdoor Living Space 1000+ s.f 

SAMSUNG appliances, In-Unit Washer & Dryer, Central Air, EV Charging Conduit, Outdoor Gazebo with utility connections. 

Estimated Rental Revenue & Rate of Return

Unit 1 (monthly rent)

$5,200 / $6,500

Unit 2 (monthly rent)

$5,000 / $6,250

Unit 3 (monthly rent)

$5,000 / $6,250

Unit 4 (monthly rent)

$5,000 / $6,875

All Units

Monthly Revenue

KYD $20,700 / USD $25,875

All Units (occ %)

Annual Revenue

KYD $248,400 / USD $310,500

All Units

Annual Expenses

KYD $30,000 / USD $37,500

An alternative rental strategy could include a combination of long and short term rentals. While short-term rentals require more attention and time, they do generally result in an increased rate of return. Both short and long term rental markets are strong, throughout the Cayman Islands.