Oasis RV and Boat Storage
More property details
Location
Seller Financing Terms:
•5% interest rate
•30-year amortization
•15-year balloon payment
•First 2 years interest-only payments
Property Details:
•Strong infrastructure allowing buyers an easy entry into this asset class
•High barrier to entry as Clay County mandates a minimum of 3 acres for any new RV & Boat storage projects, with limited vacant land available
•Low operating expense ratio
•112 total units
•Approximately 10% cash-on-cash return
•Summit Control system ensures smooth and secure customer access to the property
Investment Highlights
Seller Financing Terms:
•5% interest rate
•30-year amortization
•15-year balloon payment
•First 2 years interest-only payments
Year 1 Financials:
•Net Operating Income (NOI): $177,000
•Debt Service: $78,708
•Cash Flow: $98,392
•Down Payment: $1,000,000
•Loan Amount: $1,575,000