TITLE:
Equity Ownership of cashflow RV Park in the Path of Progress
CONTROL:
Owner
VALUE:
$2,350,000
LOAN:
$1,300,000
EQUITY:
$1,050,000
TYPE:
Mobile Home/RV
HAVE:
Recapitalizing the project to pay off short-term debt and existing cash injection used for the value add repositioning. 10-20% revenue increase last 3 years. Increased revenue 22% in 2024. NOI projection $170,000-$220,000 from electric bill back meters.
ADDRESS:
1715 Tin Cup Road, Mahomet, Illinois
BENEFITS TO NEW OWNER:
- Cashflow From Operations:
- Equity appreciation:
- Bonus Depreciation
GROSS SCHEDULED INCOME:
$370,000 Actual
VACANCY LOSS:
$30,000
GROSS EFFECTIVE INCOME:
$340,000
EXPENSES:
$148,000
NOI:
$192,000
DEBT SERVICE:
$67,000
CASH FLOW:
$125,000
CAP RATE:
8.17%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$941,000
$7,578
7%
07/01/2026
No
LOAN 2
$375,000
$3,750
12%
07/01/2026
No
BENEFITS SOUGHT:
- Total Raise: $350,000
- Shares Available: 1000
- Price Per Share: $350
- Minimum purchase: $25,000
- Term: 12-36 Months until Refinance
CAN ADD:
- 100% bonus depreciation on tiny homes we are adding the the RV park for Airbnb rentals.
- Single Family 50-60% LTV property
REMARKS:
Added 30 full hook up sites past 3 years. Have 12+ vacant land to continue growing. Planning on holding this property forever and building to demand with absoprtion rate.
COUNSELOR:
Quentin McNew
Tin Cup RV Park
501 N Neil, Suite 2
Champaign, Illinois, 61820
Phone: 2175524062
Email quentin@mcnewcapital.com
