What is the anticipated rent for the units?
The rent projections will vary for each type of unit. The one-bedroom units will most likely obtain $620/week during the low season and $710/week during the high season. The two-bedroom weekly rate will be approximately $760 during the low season and $850 during the high season. The three-bedroom units are projected to run $850/week during the low season and $1150 per week during the high season. The rental occupancy throughout the year is expected to be between 75% and 85% for the first year and will likely increase in coming years.
