Triple T Resort & Conference Center | Kerrville, TX
9.26% CAP | $602K Net Operating Income | $6,500,000
Hybrid income producing property with annual leased assets PLUS 56 RV sites and 3 owner financed mobile home notes.
9.26% Cap. $602,213 Net Operating Income (NOI). $225,297 Net Cash Flow (NOI - Annual Debt Service).
12.84% 1st year cash-on-cash. 1.60 Debt Service Coverage Ratio (Minimum 1.25 normally required by lenders).
All annual lease units 100% occupied: 30 cabins, 9 suites, 9 efficiencies, 6 mobile home lots.
56 RV slots equally divided between long-term and short-term rentals.
Maintenance person at 25 hours per week for 1 RV slot and electric.
Excellent reputation. No Flood Zone. 100-foot elevation range.
Low crime rate. Great demographics.