TITLE:
Up to $1,000,000 in tax deductions with cash flow on RV Park Discount Sale Buy Back
CONTROL:
Owner
VALUE:
$2,400,000
LOAN:
$1,300,000
EQUITY:
$1,100,000
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:
Cash flow From operations, equity appreciation, and bonus depreciation Section 179. We received 1.1 million depreciation on 1.4 million purchase with last cost seg in 2022 for 79% year 1 write off.
GROSS SCHEDULED INCOME:
$440,000 Projected
VACANCY LOSS:
$60,000
GROSS EFFECTIVE INCOME:
$380,000
EXPENSES:
$210,000
NOI:
$170,000
DEBT SERVICE:
$67,000
CASH FLOW:
$103,000
CAP RATE:
7.08%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$941,000
$7,500
7%
07/01/2026
No
LOAN 2
$375,000
$3,750
12%
07/01/2026
No
BENEFITS SOUGHT:
Liquidity for finalizd buyout of partner. Could do buy back on property later to reset deprecation schedule.
CAN ADD:
RVs, tiny homes, SFR, and Chicago Cubs tickets.
REMARKS:
I plan to hold this property forever. 12+ acres commercial zoning vacant land to expand to demand. I'm 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
