Description

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