Updated almost 7 years ago on . Most recent reply
Used Mobile Home purchase. What do you think?.
Have the opportunity to purchase 2 mobile homes for around 25K. Both in very good condition 2b-2ba. Single wide. Lot rent $275 includes property mgmt as well as water/trash. Property manager screens tenants. Nice MHP and well maintained. Will be paying cash. Should get $700 month rent minimum for each. Keeping 23% out for reserves still cash flows $428 month, over 20% Cash on Cash. Thoughts?