REDUCED $500K | Triple T Resort & Conference Center | Kerrville, TX
9.91% CAP | $595K Net Operating Income | $5,999,999
Hybrid income producing property with annual leased assets PLUS RV sites and 3 owner financed mobile home notes.
9.91% Cap. $594,506 Net Operating Income (NOI). $217,590 Net Cash Flow (NOI - Annual Debt Service).
15.22% 1st year cash-on-cash. 1.71 Debt Service Coverage Ratio (Minimum 1.25 normally required by lenders).
All annual lease units 100% occupied: 30 cabins, 8 suites, 4 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