6496 Bruce Ln, Milton, FL 32570
The park is priced at $1,300,000. The pricing represents a cap rate of 7.27% using lot rent income excluding home rent income) on normalized actuals representing a 41.9% expense ratio. We are asking that investors submit offers at or above $1,300,000. This community should qualify for conventional recourse bank financing from a local bank using about a 70% LTV, 5% interest and a 25 year amortization providing investors with a 9.63% cash on cash return and a 14.4% total return in the first year of ownership.
License(s): FL: BK3154667
Florida
The park is priced at $1,300,000. The pricing represents a cap rate of 7.27% using lot rent income excluding home rent income) on normalized actuals representing a 41.9% expense ratio. We are asking that investors submit offers at or above $1,300,000. This community should qualify for conventional recourse bank financing from a local bank using about a 70% LTV, 5% interest and a 25 year amortization providing investors with a 9.63% cash on cash return and a 14.4% total return in the first year of ownership.
License(s): FL: BK3154667
Florida