Updated over 6 years ago on . Most recent reply
Below mkt. MHP assignment opp to make $10K/mos net cash flow:
Good Day MHP Investors-
Below mkt. MHP assignment opp to make $10K/mos net cash flow:
- Park
- $635K purchase price ((Frank Rolfe formula value of $690K)
- Full occupancy valuation is ~3X this amount
- 71 Lots/32 occupied (all tenant occupied- no POHs), $325 lot rent
- Comp- MHP less than a mile away is 90+% occupancy @ $400/mos
- Upgrade opportunity
- Remeter
- Raise rents
- Infill
- $635K purchase price ((Frank Rolfe formula value of $690K)
- Location
- Midwest- MSA
- 335K population
- Average home $148K
- $46K HHI
- 10% pop growth
- Diverse employment with two large universities within 12 miles
- Midwest- MSA
- Utilities
- Septic/well
- County approval to connect to city sewer and finance project over 20 years. Nominal monthly cost can be passed along to tenants.
- Proforma: 18 Cap oppor
Email/text me for NDA to proceed- $30K consignment fee
Jerome