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Updated about 9 years ago on . Most recent reply

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Kelly Bernhard
  • Investor
  • Riverside, CA
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Small Mobile Home Park

Kelly Bernhard
  • Investor
  • Riverside, CA
Posted

Hi! Just looking for validation on the price for a small mobile home park. It has 25 lots, 22 rented, all tenant owned. City water/sewer and separate meters with city sending out separate bills. Small rural town. Lot rent is $165. What would you pay?  Thanks!

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Curt Smith
#5 Mobile Home Park Investing Contributor
  • Rental Property Investor
  • Clarkston, GA
1,919
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Curt Smith
#5 Mobile Home Park Investing Contributor
  • Rental Property Investor
  • Clarkston, GA
Replied

for tenant owned i suggest using 30% expense ratio.   40 + 50 is appropriate for park owned home park value Calc. 

value is lots x lot rent x 12  x expense ratio .3 equals noi.  Noi / .1 for 10% cap rate

  • Curt Smith
  • [email protected]
  • 678-948-7151
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