1203 S 12th St

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1203 S 12th St

Clarinda, IA 51632
Asking Price
$1.95M
Cap Rate
12%
Asset Type
Hotel Hospitality
Class
Class B

What's Special

Southwest Iowa Hotel | 12% Cap Rate 2.6X RRM | Absentee Ownership with Minimal <ul><li>​Offered at a Strong 12.0% Cap Rate and Attractive 2.68x Room Revenue Multiplier-Compelling Yield Metrics Rarely Available in Today's Midwest Hospitality Market</li><li>​Current Remote Ownership Creates Meaningful Upside for a More Hands-On Operator to Improve Efficiencies, Enhance Oversight, and Increase Profitability</li><li>​Well-Maintained 40-Room Economy Hotel Offering Stable In-Place Cash Flow with Immediate Income and Long-Term Value Creation Potential</li><li>​Minimal Anticipated

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NOI
$80,000
Cap Rate
4.10%
DSCR
0.69
Underwater
Cash-on-Cash
-6.11%
Monthly Payment
$9,647.536
Annual Cash Flow
$-35,770.433

Location & Travel Times