RV Park/Campground Details
- Purchase Method: Cash
- Cap Rate: 6.9%
- Listing ID: 4329239
- Posted On: Jan 25, 2024
- Updated On: Aug 17, 2024
Description
We are excited to present you with an extraordinary investment opportunity in Eden, Texas. This RV park, with 23 spacious lots, offers an impressive Internal Rate of Return (IRR) of 24.99% and a high cash flow exceeding 10%, ensuring a steady and lucrative income stream! With a competitive operating expense ratio of 51%, this property sits right in the main thoroughfare of windmill workers heading out to the fields and is close to restaurants, fuel, and more! With steady renters for decades ahead, tear down the old buildings & add another 15+ RV lots to grow this project into a heavy cash flow machine!
Priced attractively at only $325,000, it provides individual investors an unparalleled chance to acquire a high-performing asset at a remarkable value. Ranchero’s solid performance metrics and strategic location make it a prime investment, with projected profits of $380,000!! Don't miss out on securing this high-yield opportunity; contact us today to learn more and schedule a viewing!
Contact tyler@wildmountaincapital.com for all inquiries and offers.
Location
Eden, Texas is a community of located between Austin (Population 2.3M) and the West Texas oil fields of Big Spring, Midland and Odessa.
Amenities
- Manager Office
Park Information
Number of RV Lots: | 32 |
Year Built: | 1974 |
Average RV Lot Rent: | $360 |
Size: | 1.5 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $47,000 |
Operating Expense: | $24,275 |
Net Operating Income: | $22,275 |
Expense Ratio: | 51.6 % |
Debt Info: | Financials are based on 2024 pro forma projections |
Utility Information
Water: | City |
Sewer: | City |