Seller Financing Program.
Down Payment:10.00%,15.00% 20.00%
Interest Rate:6.75%,6.25%,5.75%
30 Year Amortization schedule ~ 3 year term (balloon)
Example ~ Lot Purchase Price = $100,000
20% Down Payment:$20000
Principal Borrowed:$80000
Proposed Monthly Payment @ 5.75%$467
15% Down Payment$15000
Principal Borrowed $85000
Proposed Monthly Payment @ 6.25% $523
10% Down Payment $10000 Principal Borrowed $90000
Proposed Monthly Payment @ 6.75% $584
Other Expenses
Monthly Maintenance Fees (2011 CAM)$155
Estimated Monthly Property Taxes$20
Buyer Income Options.
RV Owners: 60% of Rental Income from lot purchased.
2010 Income per lot,( $4.9k-$14.9k) $6022(Ave all lots)
60% share rental income to buyer $3613 ($301/mth)
Investors: 2011 Dividend = 6.25% of Purchase Price
Example ~ Lot Purchase Price = $100,000.00
Annual Dividend @ 6.25% $6250 ($521/mth))
Principal Reduction (rate= 6.75%, 1st yr) $1006
Appreciation @ 4% annually $4000
Total Annual CAM & Taxes $2100
Estimated Annual Return: $9156 |
Advantages of RV Lot Ownership on Lake Norman
The purchase of an RV Lot on Lake Norman provides the discriminating owner or investor with multiple benefits, including but not limited to:
Equity: You will build equity in a unique and very limited resource as demand grows and continues to outstrip supply.
Appreciation: Increasing stringent government regulations limit the number of campgrounds which can be built on lakes, coupled with consistently increasing demand creates the potential for appreciation in your RV Lot. While no value can be predetermined, a little research will show that most campgrounds with boat docks on large lakes or access to the ocean on the East Coast have averaged appreciation between 8% and 14% over past 20 years.
Rental Income: Your RV lot can provide income when not in use. You receive 60% of the gross rental income for rental of your specific lot. Income will vary by lot depending upon lots location within the resort. Lake front are priced higher and rent more frequent. Lot rental is managed by for you by owners/developers of resort.
Dividend Income: Investors who do not have RV are paid an annual dividend on their investment based on performance of the resort. In 2011 the dividend is 6.25%, paid annually at end of fiscal year.
Potential Tax Benefits: Ownership can offer possible savings. If purchase is financed by qualifying home equity loan, or if RV and lot can qualify as a second home, the interest is generally tax deductible. Additionally, the real estate taxes paid in conjunction with the Lot are also tax deductible. Always consult your tax advisor.
Liquidity: The RV Lot can be sold or transferred, at any time, or passed by inheritance the same as any other titled real estate product.
Controlled Expense: Ownership can assure control of expenses as rent rates climb higher. Structured properly, the after tax cost to many RVers/Investors will be less than rental rates they would be paying for same period. After loan is paid off, the cost of ownership is a fraction of the rental/investment income.
Security: Ownership will secure for you and your family a permanent home for your RV and the RV lifestyle.
Value: Ownership of a Lot allows its owner many of the benefits of water-front ownership, without the associated cost.
|
For Reservations Please Call: (877)489-6033
