PRIVATE RENTAL POOL
Copper Coast will also be offering a rental pool system. This means that if you would like to earn revenues from your property when you cannot be there to use it yourself, you simply sign the property into the rental pool for a specified time period. All owners whose properties are in the rental pool receive an equal share of the rental revenues (regardless of which properties are rented) which are handled as a 60/40 split, where owners receive 60%, and Copper Coast receives 40%. In this system, Copper Coast provides the advertising, booking, checkin, checkout, cleaning, administration, and day to day maintenance, making the rental pool very easy and convenient for you. Alternately, you are also free to rent your own home or suite independently, and keep all the revenues for your property yourself. A rental pool just makes it a little more convenient.
Rather than periodic rentals you may also consider making your investment pay back year round, by designing and building your home with a second, completely separate suite. As you will see in our home design section, we already have a few designs which can easily accommodate this.
Below is an example of how the rental pool can work for you. This is based on the Coho Streamline Model with the finished walkout option.
Prime Months: June, July & August
- Based on an 80% occupancy (80% = 24 nights per month)
- Main Floor = $150.00 per night
- Walkout Level = $125.00 per night
- $275.00 X 30 nights = $8,250.00
- $8250.00 X 3 months = $24,750.00
- $24,750.00 X 80% = $19,800.00
- $19,800.00 X 60% (split) = $11,800.00
Shoulder Months: April, May & September
- Based on a 40% occupancy (40 % = 12 nights per month)
- Main Floor = $150.00 per night
- Walkout Level = $125.00 per night
- $275.00 X 30 nights = $8,250.00
- $8250.00 X 3 months = $24,750.00
- $24,750.00 X 40% = $9,900.00
- $9,900.00 X 60% (split) = $5,940.00
Off Season Months: October through March
- Based on a 10% occupancy (10% = 3 nights per month)
- Main Floor = $125.00 per night
- Walkout Level = $100.00 per night
- $225.00 X 30 nights = $6,750.00
- $6,750.00 X 6 months = $40,500.00
- $40,500.00 X 10% = $4,050.00
- $4,050.00 X 60% (split) = $2,430.00
Total Annual Income: $20,250.00
As you can see this rental pool holds a lot of potential. This means an average monthly income of $2,013.75, which could more then cover your mortgage payments! For an example of financing options based on the same Coho Streamline Model used above, please click here.
(If you do not have a PDf reader, you can download it for free by clicking here.)
Main floors include: 1 bedroom, 1 bathroom, kitchen, dining & living room w/sofa bed
Walkout levels include: 1 bedroom, 1 bathroom, mini kitchen, eating area & living room w/sofa bed. This level would be locked off from the main floor.
The above is an estimate only