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3956 CALEDONIA AVON RD
CALEDONIA, NY 14423-9735
Asking Price
$1.50M
Asset Type
Business and Building Hospitality
Class
Class B
What's Special
Turn-Key Wedding Venue <p>Venue currently books for $8,500 per weekend. Guests are also offered the opportunity to rent the Federal Colonial farmhouse as a Bridal Suite for Friday and Saturday night for an additional $2,000. If an on-site ceremony is required, guests will pay an additional $1,000. Grand total of rental income for most weddings is $11,500 for the weekend. 80% of guests who book the venue also rent the Bridal Suite and have an on-site ceremony.</p>
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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179