High Cap Rate Park Investment
This park is made up of RV spaces and cabins (no mobile home spaces). . 16 Spaces. Current Cap Rate Exceeds 20 Percent. Cash-on-Cash Returns Exceed 69 Percent. Eight City Residential Blocks with City Utilities. Very Strong Housing Demand for Foreseeable Future. Long-Term Residual Land Value. This is a 16-space Cabin and RV park located in southern Texas. Situated on 0.8 acres on eight city lots near the central business district of town. Rental rates for cabins are $1,730 per month and includes maid service and utilities. RV pad rental rates are $450 per month. The property is serviced by city water and sewer. The demand for affordable housing in the area is substantial given the recent activity in the Eagle Ford Shale oil and gas fields.
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