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The average income is US$6500 per month, but could be doubled with a bit of improvement and investment.
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Approximate Income and Expenses: Last year income: $72,364 USD (room charges)
$ 7,904 (airport pickup fees $38 x 4 per week x 52 week) TOTAL $80,268
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Monthly breakdown of income and hotel reservation sheets are available upon request.
Total- apx. $80,000/year 2010-2011.
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EXPENSES Payroll: Manager, per month DR$11,500 Security + Cleaner DR$11,200 Part time front desk 5000 TOTAL DR$ 27,7000 TOTAL IN USA DOLLARS US$728
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Electricity: DR$10,000 Water: DR$ 2,000 phone and Internet: DR$ 4,000
Cable (10 boxes) DR$ 3,600 Trash : DR$ 500 Tax: (DGII) DR$ 1,800
TOTAL Expenses DRR49,000 (USD $1,300) per month
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The top level which at the moment consists of a small bedroom and bathroom and a large terrace could be turned into a luxury penthouse suite or a bar/restaurant to maximize income.
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Building has a back-up electrical system of an inverter with batteries and a gas powered generator.
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Nestled at the edge of the Zona Colonial and the New Zone, this area is bustling, but safe and charming. The property is located on the corner of a vibrant residential community
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Opposite Foreigner's is San Pio-X children's school and church; a corner store, or “Colmado”, and a long time barber shop. This is authentic Dominican Republic,
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not an anonymous corporate hotel or sterile resort, here the streets are full of fruit vendors, horse drawn carts with produce, and families socializing and playing chess on the sidewalk.
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