half mobile homes--half long term RV-how to value

[Mark Kvam]

Looking at a small 15 unit park.

$200/month pad rent

4 owner occupied pads rented @$200

4 long term RV pads rented @$200 (these people are living there)

2 park homes-need renovated.

water is well. checked out good

2 skeptics have been checked (I will check again during DD)

I estimate value at 8x200x12x.5/.12=$80,000   (asking price $120,000)

no value for the park homes

Question is do I value the RV income the same as the mobiles?  An RV can be easily moved if need be compared to a mobile home.

Thanks in advance to everyone.

Mark