Koyari, Noord, Noord

Welcome to your dream home and investment opportunity in Koyari, Bubali Noord, Aruba. This luxurious 5-bedroom villa, equipped with a stunning pool and top-of-the-line amenities, offers a perfect blend of comfort, style, and profitability. Located just minutes from Arubas pristine beaches and vibrant nightlife, this villa is an ideal choice for both personal enjoyment and short-term rental investment. About Koyari Villa: Location: Koyari, Noord, Aruba Sales Price: US$ 749, 000 (not negotiable) Bedrooms: 5 Bathrooms: 4 Pool: No Pool Plot Size: 976m Total Build-Up Area: 438.00m (including a 39.06m gazebo) Amenities: Modern kitchen, spacious living areas, lush landscaping, well maintained, high-speed internet, cable TV, and a sophisticated alarm system. Valuation Appraisal Report 2023 Free Market Value: $1, 062, 880 Foreclosure Value: $850, 080 Reconstruction Value for Insurance: $914, 880 Additional Features: Gazebo: (39.06m) 3 Storage Rooms Studio Apartment Real Estate ROI Projection To help you understand the potential return on investment (ROI) for this family-sized villa in Korari, Aruba, we have compiled a comparative report based on a similar villa listed on Airbnb (Luxury New Large 5 Bed Pool Villa | By Bocobay). The report includes projections for ROI and rental income under two scenarios: one with a pool and one without. Using a modest occupancy rate of 60% throughout the year and considering the current living costs associated with this property, we provide a detailed analysis of the potential financial returns. General Conditions ROI Analysis Occupancy Projection: 60% annual occupancy General Management Fee: Professional property management with a 20% commission fee Monthly Costs (USD) Increased by 60% for Water and Power Power: $448 (originally $280) Water: $536 (originally $335) Yearly Ground Tax: $503 ($42 per month) Alarm System: $176 Internet and Cable (Setar): $162 Total Monthly Costs: $1, 867 Real Estate ROI Projection To help you understand the potential return on investment (ROI) of this magnificent property, we have compiled a small comparative report with a pool and without a pool. Revenue Projections without Pool Average Nightly Rate: $650 Projected Occupancy: 60% (approx. 18 nights/month) Monthly Revenue Calculation without Pool Gross Monthly Revenue: 18 nights $650 = $11, 700 Property Management Commission (25%): $11, 700 0.25 = $2, 925 Net Monthly Revenue: $11, 700 $2, 925 = $8, 775 Net Income Calculation without Pool Net Monthly Income: $8, 775 Total Monthly Costs: $1, 867 Net Profit: $8, 775 $1, 867 = $6, 908 Annual ROI Calculation without Pool Annual Net Profit: $6, 908 12 = $82, 896 Market Value: $750, 000 Purchasing Cost (8%): $750, 000 0.08 = $60, 000 Total Investment: $750, 000 + $60, 000 = $810, 000 Annual ROI: (Annual Net Profit / Total Investment) 100 Annual ROI: ($82, 896 / $810, 000) 100 10.23% Revenue Projections with Pool Average Nightly Rate: $895 Projected Occupancy: 60% (approx. 18 nights/month) Monthly Revenue Calculation with Pool Gross Monthly Revenue: 18 nights $895 = $16, 110 Property Management Commission (25%): $16, 110 0.25 = $4, 028 Net Monthly Revenue: $16, 110 $4, 028 = $12, 082 Net Income Calculation with Pool Net Monthly Income: $12, 082 Total Monthly Costs: $1, 867 Net Profit: $12, 082 $1, 867 = $10, 215 Annual ROI Calculation with Pool Annual Net Profit: $10, 215 12 = $122, 580 Market Value: $750, 000 Purchasing Cost (8%): $750, 000 0.08 = $60, 000 Total Investment: $750, 000 + $60, 000 = $810, 000 Annual ROI: (Annual Net Profit / Total Investment) 100 Annual ROI: ($122, 580 / $810, 000) 100 15.13% Villa Description Description This villa is designed for those seeking an extraordinary lifestyle in a tropical paradise. The open floor plan, elegant finishes, and expansive outdoor spaces make it perfect for entertaining or simply enjoying the serene environment. The villa includes a modern kitchen with high-end appliances, spacious living and dining areas, and beautifully ap