A $2.8 million feasibility study for a 47-unit RV park in North Carolina projects $302,000 in annual net operating income. Revenue comes from 44 RV sites plus glamping tents, rental RVs, and cabins, with ancillary income from an on-site store, firewood, tubing, kayaking, and pet fees.
Chapters
Catherine, can you share— well, that's doing its job. Let's share back what we had going on. And so it shows here the feasibility study is to test whether 302 NOI is supported for the $2.8 million, 47-unit RV park in North Carolina. So to defend this, there's a strong existing revenue from the 44 RV sites, glamping tents, rental RV and cabin. This is a lot more like an RV park and less like a mobile home park. Like the one we looked at yesterday, the guy has literally got RVs in there, but he's renting them like they're mobile homes. Right, right. So high peak season occupancy, premium nightly rates, meaningful ancillary income from the store of the firewood, the tubing, the kayaking, pet fees. Late checkout, laundry, rental. Like, they got 10 to 12— what? Passive streams of income, right? Meaningful answer— I'm sorry, expense discipline looks good.