Updated over 5 years ago on . Most recent reply
How to Determine Mobile Home Value?
I am currently looking for my first investment. The home is a mobile home on approximately 1/3 acre. The numbers work very well in a buyers favor as far as cash flow/return on capital. However, with the mobile home depreciating in value, how is it calculated differently.
Most Popular Reply
@Joshua Slayton
Mobiles in parks depreciate. Mobiles on their own land are usually considered real estate so depreciation is not a big concern.
I own several mobiles on land. I bought them for 1/3 to 1/2 of what a stick built house of similar square footage would have cost - but - I get the same rent! Renters aren’t buying the place, all they want is the number of bed/bath for their needs.
After renting out the properties for many years I started selling them and carrying the contracts.
They have all turned out to be excellent investments.