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116 SPG CITY DR
JOHNSON CITY, TN 37601
Asking Price
$3.60M
Cap Rate
8.3%
Asset Type
Mobile-home-park
Class
Class B
What's Special
A Stabilized with Upside, 78 Lot Manufactured Housing and RV Community <p>•Zero Park Owned Homes</p><p>•Public Utilities</p><p>•Main road within park is paved/publicly maintained</p><p>•8.47% Global Cap Rate</p><p>•Upside pro-forma cap rate 11.2%</p><p>•Centrally located in growing Johnson City TN MSA</p>
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NOI
$80,000
Cap Rate
2.22%
DSCR
0.37
Underwater
Cash-on-Cash
-12.38%
Monthly Payment
$17,810.836
Annual Cash Flow
$-133,730.029