Updated over 5 years ago on . Most recent reply
Mobile Home park - Deal analysis
20 site Mobile home park
List price - $375,000
Cap rate - 10
No park owned homes - all site rent
14 occupied with potential upside of 6 sites to move new homes onto
$350 per month site rent
Park pays water /trash
8 acres - 2.5 sites / acre
Gross rental income $58,800
Total expenses $21,057
Net Operating Inc $37,743
One good thing about this deal is there would be no repairs or maintenance expenses that I could think of.
Thoughts on good deal or not ?