Looking for a cash cow opportunity? Would you rather fix and flip for a nice profit? This property offers both opportunities. Check these numbers out!

We are in possession of a Assignable Contract and will be assigning it to our end buyer. 

7 Unit Mobile Home Park in Mountain Home, ID

714 Ash St.

Brand new water and sewer connections. Individual meters.

One mobile home on the lot - rents for $575 per month

We can provide you a distributor that will deliever and set up 2 bedroom/1 bath units for $10K each. Each unit is rent ready and includes everything to immediately rent the property out. No other expenses! These units will all rent for $500 (absolute low end) to $575 per month.

Each unit pays $62 for water and their own heat and gas.

Taxes - $1,800 (estimated)

Insurance - $1,800 (estimated)

No other expenses other than management!

Pro-forma

Gross rents $3,725 per month

Total Gross Rents: $44,700

Less

Vacancy (10%) $4,290

Management (10%) $4,290

Repairs $2,145

Cap Expense $2,145

Taxes $1,800

Insurance $1,800

Total Expenses: $16,470

Net Operating Income: $28,230

Cap Rate: 13% (this is reality not some made up # by not adding in all the expenses)

Purchase Price: $155,000

Owner financing possible!  There is a $75K hard money loan on the property that can be left in place for 3-6 months.  

Add trailers 6 x $10,000 = $60,000

Total investment - $215,000

For more information contact Jeff Rappaport at [email protected] or at 801-209-2945.