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25433 South Avenue
Corning, CA 96021
Asking Price
$5.00M
Cap Rate
8.87%
Asset Type
RV Park Multifamily
Class
Class B
What's Special
8.87% Current Cap Rate 125 Site RV/MH Community <ol><li><strong>Current Cap Rate - </strong>Current cap rate of 8.87% based on current budget NOI of $443,147 and purchase price of $4,995,000. Going-in cash-on-cash yield over 10% based on financing at 60% LTV, 7% interest rate, and 30 year amortization schedule.</li><li><strong>Income Streams - </strong>Income is generated from a variety of streams including MH sites, long-term RVs, transient RVs, service fees for facilities and maintenance, guest access, storage, and more. Income from the c
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NOI
$80,000
Cap Rate
1.60%
DSCR
0.27
Underwater
Cash-on-Cash
-14.45%
Monthly Payment
$24,712.535
Annual Cash Flow
$-216,550.416
