N5053 Hemlock St, Poynette, Wisconsin
N5053 Hemlock St, Poynette, Wisconsin 53955 - Low maintenance coupled with high returns! 14 unit (10x24) mini storage units with 15 unit mobile home park pads across the street from Lake Wisconsin and Hookers Resort. Using an 80% LTV mortgage amortized over 25 years at an interest rate of 4.69%, the Cash Flow/Principal reduction in year one is $21,829 with a debt coverage ratio of 1.31. The property generates an internal rate of return of 24% with an inbound cap rate of 7.11%. As a value play, there are 29 units for just $22,410.34 per unit!
Listing Courtesy of American, REALTORS