TITLE:
Mountain retreat in New Mexico
CONTROL:
Exclusive
VALUE:
$850,000
LOAN:
$500,000
EQUITY:
$350,000
TYPE:
Resort Property
HAVE:
Mountain property consisting of 40 acres(approximately 4, 10 acre parcels), with a large, 3 story 6200 sqft main home, plus detached cabin, plus detached duplex. Opportunity for a short term rental escape just an hour outside of Albuquerque.
ADDRESS:
395 4th of July Rd, Tajique, New Mexico
BENEFITS TO NEW OWNER:
Take advantage of the fully amortized 4% interest rate on the underlying note. May consider wrapping the note and financing more at 4%.
GROSS SCHEDULED INCOME:
$140,000 Projected
VACANCY LOSS:
$25,000
GROSS EFFECTIVE INCOME:
$115,000
EXPENSES:
$67,000
NOI:
$48,000
DEBT SERVICE:
$31,575
CASH FLOW:
$16,425
CAP RATE:
5.65%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$480,000
$2,631
4%
07/10/2051
Yes
BENEFITS SOUGHT:
Trade for 370k equity or finance some. Cash flow, land, fishing boat, ???, let me present your offer.
CAN ADD:
Labor/Improvements to the property, taxidermy work, contacts for management/cleaning/repairs.
REMARKS:
Projections are from AI. Income and expenses were the projected average with a high gross revenue of 150k and a low of 80k. No real comps in the area as this is a small development of private land surrounded by national forest.
COUNSELOR:
Brandon Sanchez
The Sanchez Group
PO Box 1781
Moriarty, New Mexico, 87035
