Help 1st mobile home park

[Jordan Jaramillo]

Hey guys, I’m trying to figure out if this deal makes sense.
the purchase price is $2 million. The seller wants $500,000 down the operating cost on the property runabout $8500 and the seller wants a $9000 payment each month. He is willing to do a 25 year seller finance on this deal after accounting for vacancies, maintenance, capital expenditures I should be looking at around an 18% cash on cash return ROI is that a good cash on cash return for a mobile home or should that be higher?

[Dave Kush]

Man, I'll take 18% CoC anywhere I can get it, provided the deal fundamentals are solid. That said, no direct experience with mobile homes.