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Updated almost 9 years ago on . Most recent reply

User Stats

297
Posts
5
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Travis Elliott
  • Real Estate Investor
  • Cebu, Philippines
5
Votes |
297
Posts

Mobile home parkhelp please

Travis Elliott
  • Real Estate Investor
  • Cebu, Philippines
Posted

Hi alll!!

I could use a little help with putting together a deal on a MHP. 

I dont have all of the numbers but here is what I do have,

18 pad sites 

16 mobiles are owned by the park. They are older homes ranging from 1972 to 1978

Currently the park brings in $5890.00 a month gross.

Water, sewer and garbage is $ 80.00 per unit per month or  $ 1440.00 total per mo.

taxes are $7700.00 per year or $ 641.00 per mo

Payment= ???

So that is the info that I have right now.

Can you guys give me some kind of idea what this place is worth?

Thanks much

Travis

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