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Country Inn Resort/RV Park Mark Twain Lake
22939 Hwy EE
Center, Missouri 63436
County: Ralls
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| Type: | Multifamily
Mobile Home/RV Community |
| No. Spaces: | 76 |
| Lot Size: | 8.00 Acres |
| Price: | N/A |
| Price/Space: | N/A |
| Cap Rate: | 10.30% |
| Cash On Cash: | 12.80% |
| Year Built: | 1980 |
Date Last
Verified: | 11/6/2008 |
| Property ID: | 15108221 |
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Property Description:
Counrty Inn Resort & RV Park has 33 lodging units consisting of kitchenettes & motel rooms offering 1, 2, and 3 bed motel rooms; 43 RV Lots rented annually; 3 bedroom 2 bath Owners home; 2 fishing ponds;
in-ground pool; large metal outbuilding; & 8 acres. Mark Twain Lake offers 18,600 acre lake and has 285 miles of natural, unspoiled shoreline with an abundance of bass, crappie,walleye, catfish, deer & turkey. The crystal waters and scenic lands of Mark Twain Lake provides countless opportunities for outdoor recreation including all water sports including waterskiing, boating, sailing, swimming, fishing, picnicking, hunitng & horseback riding.
Location Description:
Country Inn Resort/RV Park is located in the Northeast Missouri Recreational area of Mark Twain Lake and is less than 2 miles to the Corp of Engineers boat ramp and a marina. Mark Twain Lake is only 25 miles from Historic Hannibal. Country Inn is only 120 miles from St. Louis, Mo, & 125 miles from Springfield, Il.
| Property Types: | Mobile Home/RV Community
Economy/Limited Service | | |
| Special Purpose (Other) | | |
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| Year: | 2006 |
| Scheduled Gross Income: | $199,253 |
| Effective Gross Income: | $199,253 |
| Operating Expenses: | $83,763 |
| Maintenance: | $4,482 |
| Taxes: | $6,815 |
| Insurance: | $8,849 |
| Total Expenses: | $103,909 |
| Net Operating Income: | $95,344 |
| Debt Service: | $65,684 |
| Pre-Tax Cash Flow: | $29,660 |
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| Kitchenettes & motel rooms |
No. Spaces: 33
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| RV Lots |
No. Spaces: 43
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| Debt & Equity Information |
| Debt Type: | Proposed |
| Loan Amount: | $69,370 |
| Interest Rate: | 8.25% |
| Amortized Over: | 25 |
| Annual Debt Service: | $65,684 |
| Down Payment: | $231,250 |
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