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Mobile Home Park

Eagle Ford Village

1230 Co Rd 3800, Dilley, TX 78017

Listing Price: $4,550,000

Cap Rate
12.03%
Number of Spaces
44
Lot Size
8.95 acres
Occupancy
100.0%
Price/Space
$103,409
Spaces/Acre
4.92
Year Built
2016

Investment Overview

Eagle Ford Village is a 44-homes site (104 room) unique extended stay workforce housing village with the opportunity to expand an additional 20 home sites ready to go with possibly of additional 50 home sites. The property operates on at a 2-night minimum but 85% of its business is extended stay of 30 days or more.. The current ownership limits the number of houses per company to less than 10+ units.. This allows the property to stay consistently booke0d and not have occupancy issues if all sites were vacated at the same time. The property is impressively aesthetically appealing with a beautiful color scheme throughout and obvious pride of ownership. Arguably, the most impressive quality of the village is it’s continued increase in collections through uncertain and volatile times over the past 4 years. Income totals for these years include the following: 2018 was $924,000, 2019 was $979,000, 2020 was $683,000 (decline due to Covid-19), and 2021 was $1.034M. The asset is located about 60 miles from San Antonio and one hour and 20 minutes to the San Antonio International Airport. There are many projects coming to the area including: • Leeward Renewable Energy will begin construction of a 200MW solar project near the city of Pearsall September 2022. The project will create approximately 400 constructions jobs. • The summer of 2021 construction began on a $107 million 32 story apartment tower with ground level retail and is expected to be completed 2024. • $3.3 billion will be invested in San Antonio over the next 5 years with projects including hotels, housing, street repairs and upgrades to cultural amenities such as the Alamo, the Tower of the Americas, and the Institute of Texas Cultures. In summation, this is opportunity boasts impressive aesthetics, strong day-one yields, and substantial future upside.

Investment Highlights

  • 21.51% Day One Cash-on-Cash Return based off the Following Loan Provided by Lender Holding Current Note: 7.5% Interest Rate, 20 Percent Down, and 20 Year Amortization
  • Other than 2020 (Covid), Asset Boasts Strong Positive Trajectory in Annual Collections Over the Past Four Years
  • Operates on City Water and Sewer
  • Home Amenities Include Private Bathrooms, PVR Satellite TVs, Fully Equipped Kitchens, In Home Washer/Dryer, Free High Speed Wi-Fi, and Weekly Maid Service
  • Community Amenities Include 24 Hour Onsite Manager, Lounge, Meeting Room, Fitness Center, 24 Hour Security, Game Rooms, Outdoor BBQ and Picnic Area
  • 57% of Tenants Do Not Come From Oil/Gas Industries

Exclusively Listed By

Mobile Home Park

Eagle Ford Village

Listing Price: $4,550,000

Cap Rate
12.03%
Number of Spaces
44
Lot Size
8.95 acres
Occupancy
100.0%
Price/Space
$103,409
Spaces/Acre
4.92
Year Built
2016

Investment Highlights

  • 21.51% Day One Cash-on-Cash Return based off the Following Loan Provided by Lender Holding Current Note: 7.5% Interest Rate, 20 Percent Down, and 20 Year Amortization
  • Other than 2020 (Covid), Asset Boasts Strong Positive Trajectory in Annual Collections Over the Past Four Years
  • Operates on City Water and Sewer
  • Home Amenities Include Private Bathrooms, PVR Satellite TVs, Fully Equipped Kitchens, In Home Washer/Dryer, Free High Speed Wi-Fi, and Weekly Maid Service
  • Community Amenities Include 24 Hour Onsite Manager, Lounge, Meeting Room, Fitness Center, 24 Hour Security, Game Rooms, Outdoor BBQ and Picnic Area
  • 57% of Tenants Do Not Come From Oil/Gas Industries

Investment Overview

Eagle Ford Village is a 44-homes site (104 room) unique extended stay workforce housing village with the opportunity to expand an additional 20 home sites ready to go with possibly of additional 50 home sites. The property operates on at a 2-night minimum but 85% of its business is extended stay of 30 days or more.. The current ownership limits the number of houses per company to less than 10+ units.. This allows the property to stay consistently booke0d and not have occupancy issues if all sites were vacated at the same time. The property is impressively aesthetically appealing with a beautiful color scheme throughout and obvious pride of ownership. Arguably, the most impressive quality of the village is it’s continued increase in collections through uncertain and volatile times over the past 4 years. Income totals for these years include the following: 2018 was $924,000, 2019 was $979,000, 2020 was $683,000 (decline due to Covid-19), and 2021 was $1.034M. The asset is located about 60 miles from San Antonio and one hour and 20 minutes to the San Antonio International Airport. There are many projects coming to the area including: • Leeward Renewable Energy will begin construction of a 200MW solar project near the city of Pearsall September 2022. The project will create approximately 400 constructions jobs. • The summer of 2021 construction began on a $107 million 32 story apartment tower with ground level retail and is expected to be completed 2024. • $3.3 billion will be invested in San Antonio over the next 5 years with projects including hotels, housing, street repairs and upgrades to cultural amenities such as the Alamo, the Tower of the Americas, and the Institute of Texas Cultures. In summation, this is opportunity boasts impressive aesthetics, strong day-one yields, and substantial future upside.

Exclusively Listed By

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