1981 Mooney 305 Rocket at EDC (Austin TX) 1/4 share, $28,000

[louisut]

1981 Mooney 305 Rocket (M20K Conversion) N1158N

$28,000 for 25% share

The Plane

• Hangared at Austin Executive (EDC) with valet service
• Performance
  - Fly cheap-ish (economy cruise): 160 KTAS @ 13 gph LOP
  - Fly fast (recommended cruise): 205 KTAS @ 22 gph ROP
  - Vy climb: 108 KTAS @ 1650 fpm
  - Cruise climb: 130 KTAS @ 1450 fpm
  - Certified ceiling: 24,000 (FL240). Allegedly it'll go higher.
• Useful load: 810 lbs (measured Apr 2020)
• Fuel capacity: 100 gal (70 gal mains, 30 gal extended)
• Airframe 4256 hrs, engine 1322 hrs SMOH (TCM TSIO-520-NB is 1600 hr TBO)
• Garmin GI 275 x 2 primary instruments
• Garmin 430W with Flightstream 210 - knobs or touchscreen, up to you
• Two-axis Century 31 autopilot - coupled approaches capable
• Insight G1 engine monitor (JPI 900 purchased, but not yet installed)
• GTX 345 ADS-B In/Out (978 UAT / 1090ES)
• Tanks resealed Apr 2022
• Precise Flight electric speed brakes
• Four-place ship constant flow O2 or two-place Mountain High pulse-demand

The Partnership

• Hourly rate: $56 / tach hour, dry towards engine reserve
• Fixed costs, monthly: $534.67 per person, which includes:

hangar: $900.00
insurance: $611.58
loan payment: $627.08 (5% APR, loan payoff is $65k as of Jun 2022)

You (what we're looking for)
You're at least a PPL with an instrument rating and 100 hours total time; ideally, you also have retract and/or M20K time. You want to fly fast and far by yourself or with one other person. You’re looking for a Ferrari rather than a family hauler. While your budget isn't limitless, you like flying a modern and well-maintained plane. Backcountry flying or unimproved fields aren’t your thing

1981 Mooney 305 Rocket (M20K Conversion).pdf