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399 County Rd 201
Bay City, TX 77414
Asking Price
$1.60M
Cap Rate
10.22%
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 1.22 acres <ul><li>Established 26 pad RV Park</li><li>Includes 3 BR updated home rented Air BB and VRBO</li><li>Located on public sewer and water/ up to date per all codes</li><li>Additional income with ice kiosk and laundromat</li><li>Located near Sargent Beach/ popular recreational/ fishing destination</li><li>Includes access to canal for recreation (see site plan)</li><li>Located near popular Sargent Beach</li><li>Local manager</li><li>Number of Units/ Pads: 27</li></ul>
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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124
