How to valuate a mobile home park

[Gulliver R.]

How do I price out a mobile home park? I know that NOI/Cap rate= property price, but I don't know what cap rate to use. Do I use a 10 cap, do I use an 8 cap, do I use a 13 cap? I appreciate the help! Thank you.

[Gulliver R.]

Adam Adams yes, mobile home parks (MHPs) have higher cap rates and are more profitable because the expense ratios are lower than apts.. usually around 30-40%. And if you the owner don't own the homes then less repairs, maintenance, and cap ex costs ;)

Tyson Cross how does one find out what the cap rate is for a market?