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 demographics. 10 MI to I-10 Kerrville. 15 MI to I-10 Comfort. Under 30 MIN to Fredericksburg, Boerne, Bandera.