TITLE:
Cash Flow 10% High Yield Log Cabins Tiny Home Village 12-36 months
CONTROL:
Owner
VALUE:
$110,000
LOAN:
$75,000
EQUITY:
$35,000
TYPE:
Business Opportunity
HAVE:
10 log cabin development at Tin Cup RV park. We are phasing out 2 log cabin homes at a time to see demand and absorption rate. Bonus depreciation up to 100% write off year 1 regardless if financed. New homes $70,000 to $100,000 purchase price range.
ADDRESS:
1715 Tin Cup Road, Mahomet, Illinois
BENEFITS TO NEW OWNER:
1. Equity ownership for 100k tax deduction depreciation benefits, so can use 100% year 1 for bonus depreciation in 2025.
2. Debt income 10% interest only
GROSS SCHEDULED INCOME:
$15,200 Actual
VACANCY LOSS:
$1,100
GROSS EFFECTIVE INCOME:
$14,100
EXPENSES:
$3,600
NOI:
$10,500
DEBT SERVICE:
$7,500
CASH FLOW:
$3,000
CAP RATE:
9.55%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$75,000
$625
10%
12/15/2026
No
BENEFITS SOUGHT:
Equity partners that need deprecation or debt investor partners that are happy with 10-12% interest for 12-36 months.
CAN ADD:
Cubs tickets, gold, SFR, as additional collateral
REMARKS:
I have 8 RV spots dedicated to log cabin park model homes. Phasing out 2 log cabin homes at a time for up to 10 total.
COUNSELOR:
Quentin McNew
Tin Cup RV Park
501 N Neil, Suite 2
Champaign, Illinois, 61820
Phone: 2175524062
Email quentin@mcnewcapital.com
