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Chris McKenna
  • Rental Property Investor
  • Gulf Shores, AL
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24
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Underwriting the purchase of a new RV Storage Facility

Chris McKenna
  • Rental Property Investor
  • Gulf Shores, AL
Posted Jun 12 2022, 16:48

I'm a Short Term Rental Investor with no commercial real estate experience.

Looking at an RV Storage Facility and hoping to get some help with how to analyze/underwrite. 

I have List Price, Insurance, Taxes, Utilities & Revenue projections. What I'm unsure of are loan terms and a range of what makes a good investment when looking at cap rate (or other metrics). 

I can eyeball a good STR in about 10 minutes but this is a whole new world. Any help or a push in the right direction would be greatly appreciated.

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