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Owner has option of residing in condo however
many nights he or she wishes, even year-round. Below, however,
is some rental data, including income and expenses, for 2-bedroom,
2-bath units based on averages for 2007 at Aspen Square:*
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Gross rental income $86,154
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Expenses $49,012
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Net income $37,142
- Rental
nights 185
- Average
owner nights 12
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Percent return on rentals 40.9%
*
Source Aspen Square management printout.
Property taxes for this particular unit in 2007 were $2, 849.
The
Day condo comprises some 948 square feet. It is being sold by
the family of the late William Day who purchased the property
when it was under construction in 1969. William loved and nourished
this special place.
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