TITLE:
Bonus Depreciation Play! RV Park Discount Sale Buy Back
CONTROL:
Owner
VALUE:
$2,350,000
LOAN:
$1,050,000
EQUITY:
$1,300,000
TYPE:
Mobile Home/RV
HAVE:
Tin Cup RV park is located 10 minutes from Illinois campus. 28 acre park with 75+ full hookup RV sites. Value upgrades in 2025 are fiber optic, cameras, electric bill back meters, and REAP USDA grant submitted March 2025 for up to 25% solar credit.
ADDRESS:
1715 Tin Cup Road, Mahomet, Illinois
BENEFITS TO NEW OWNER:
Big depreciation play on growing RV park asset that has adjacent vacant land to expand to demand.
GROSS SCHEDULED INCOME:
$370,000 Actual
VACANCY LOSS:
$30,000
GROSS EFFECTIVE INCOME:
$340,000
EXPENSES:
$155,000
NOI:
$185,000
DEBT SERVICE:
$67,000
CASH FLOW:
$118,000
CAP RATE:
7.87%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$941,000
$5,515
4%
09/09/2025
No
LOAN 2
$121,000
$887
2%
07/18/2025
No
BENEFITS SOUGHT:
Liquidity for reimbursements on the $500,000 in upgrades the last 3 years, then buy back the property to reset deprecation schedule.
CAN ADD:
RVs, tiny homes, SFR, and Chicago Cubs tickets.
REMARKS:
We plan to hold this property forever. We have 3.5% interest rate and 2% interest rate adjusting March 2025, so looking to recapitalize and buy back to continue expansion and hold FOREVER.
COUNSELOR:
Quentin McNew
Tin Cup RV Park
501 N Neil, Suite 2
Champaign, Illinois, 61820
Phone: 2175524062
Email quentin@mcnewcapital.com
