TITLE:
Log Cabins in Tiny Home Village 12% High Yield 24-36 months
CONTROL:
Owner
VALUE:
$110,000
LOAN:
$70,000
EQUITY:
$40,000
TYPE:
Business Opportunity
HAVE:
8 log cabin development at Tin Cup RV park. We are phasing out 2 log cabin homes at a time to see demand and absorption rate. You can use 40% bonus depreciation year 1. New homes $70,000 to $150,000 purchase price range.
ADDRESS:
1715 Tin Cup Road, Mahomet, Illinois
BENEFITS TO NEW OWNER:
1. Equity ownership for depreciation benefits, so can use 40% year 1 for bonus depreciation in 2025.
2. Debt income 10-12% preferred return
GROSS SCHEDULED INCOME:
$18,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$18,000
EXPENSES:
$7,200
NOI:
$10,800
DEBT SERVICE:
$7,000
CASH FLOW:
$3,800
CAP RATE:
9.82%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$70,000
$583
10%
08/15/2025
No
BENEFITS SOUGHT:
Equity partners that need deprecation or debt investor partners that are happy with 10-12% interest for 12-36 months.
CAN ADD:
Cubs tickets, gold, SFR, as additional collateral
REMARKS:
I have 8 RV spots dedicated to log cabin park model homes. Phasing out 2 log cabin homes at a time, but could do all 8 in 2025 depending on market demand.
COUNSELOR:
Quentin McNew
Tin Cup RV Park
501 N Neil, Suite 2
Champaign, Illinois, 61820
Phone: 2175524062
Email quentin@mcnewcapital.com
