RV Park/Campground Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 11.0%
  • Listing ID: 487359
  • Posted On: Dec 4, 2014
  • Updated On: Sep 8, 2017

Description

Beautiful 10 acre park with 15 spaces, 10 park owned Mobiles, 5 RV spaces, 88k gross rents,11 cap

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Park Information

Number of RV Lots: 15

Financial Information (Pro Forma)

Gross Income: $88,000
Operating Expense: $11,000
Net Operating Income: $77,000
Expense Ratio: 12.5 %
Debt Info: 250k first, 100k second