North Dakota RV Park
RV Park/Campground Details
- Purchase Method: Cash
- Cap Rate: 16.0%
- Listing ID: 425359
- Posted On: Feb 18, 2014
- Updated On: Feb 2, 2015
Description
This is a great opportunity to own a piece of the strong growing economy in North Dakota , with great cash flow. This business is extremely appealing because of it's ease of operation and the high barrier of entry for new competition.
Amenities
- Laundromat
- Manager Office
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
| Number of RV Lots: | 83 |
| Year Built: | 2013 |
| Average RV Lot Rent: | $800 |
| Size: | 5.0 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $686,000 |
| Operating Expense: | $246,000 |
| Net Operating Income: | $440,000 |
| Expense Ratio: | 35.9 % |
| Debt Info: | Loan institutions have indicated this will require a 30% equity position |
Utility Information
| Water: | City |
| Sewer: | City |