Aviators Dream at Private Airport
10010 Champion Ln., McKinney, TX 75071
Price: $650,000
Presented by The Neel Group
Glenda: (214) 801-1696    Joe: (214) 773-2246
Keller Williams NCC

McKinney Showcase Property

AVIATORS DREAM AT PRIVATE AIRPORT: 2700 Square foot UPDATED home in private hanger which will house approximately 20 airplanes. Income could be $250 per month per plane housed.
 

Joe describes this property, and the opportunity it presents, in detail below....

 

Income and Expense Projections for
10010 Champion Aero Country Property

Income and Expense Analysis
Aero Country Property

Income (monthly)

Now

End Year 1

Hanager A

2800                  14 planes

4000                    16 planes

Hanger B

600                       2 Planes

1000                      4 Planes

3/2 Apt

0

1600

Office

0

350

3 tie Downs

0

600

Leased Shop Space

0

400

     

Totals

3400

7950

 

Expenses

Property Taxes

533

650

Property Insurance

644

644

Hanger Keeper Ins

167

167

Association Dues

205

205

Utilities

241

0

Water

24

0

     

Totals

1814

1666

     

Net Operating Inc.

1586

6284

     

Debt Service*

3300

3300

     

Cash Flow before Tax

-1714

2984

 

* $ 500,000 loan 5% 20 yr.

3299



Keller Williams NCC
2220 Therrell Way • McKinney, TX 75070
Glenda: (214) 801-1696 • Joe: (214) 773-2246



McKinney McKinney

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