4845 Kendor Dr, New Kensington, PA 15068
The pricing represents a 6.49% cap rate using lot rent income on actuals, using a 51.1% expense ratio. We are asking investors to submit offers at or above $1,650,000. This community should qualify for conventional recourse bank financing from a local bank. By increasing rent $32 and increasing occupancy by 6.9%, an investors cash on cash return increases to 19.19%. Our underwriting suggests that once the park is 100% occupied and at $350 lot rents, an investor can exit at a 7% cap rate for $3,281,000.
License(s): PA: RM424190
Pennsylvania
The pricing represents a 6.49% cap rate using lot rent income on actuals, using a 51.1% expense ratio. We are asking investors to submit offers at or above $1,650,000. This community should qualify for conventional recourse bank financing from a local bank. By increasing rent $32 and increasing occupancy by 6.9%, an investors cash on cash return increases to 19.19%. Our underwriting suggests that once the park is 100% occupied and at $350 lot rents, an investor can exit at a 7% cap rate for $3,281,000.
License(s): PA: RM424190
Pennsylvania
