All Forum Posts by: Jeremy Hebert

Thanks for the input. From talking to a few lenders, they look at the DSCR to get a quick idea if the purchase is cash flowing enough to move forward. For SFH they like to see a DSCR of atleast 1.35 while for mobile home parks they like 2.00 or higher.

I am looking at purchasing a small mobile park with 4 park owned units.  What is a good way to value the park with the park owned units?  I have the value of current rents being paid.  

They are on a shared septic tank, which I have a septic technician scheduled to go check it out.

I have a septic tank at my personal home so I am familiar with them and took a look at it and it is all up to current code.

First time post long time forum follower here.  

I recently came across a small mobile home park with 4 mobile homes that is in pretty good shape and fully occupied. I ran the numbers and everything looks good showing a CoC Return of 35% which I think is too high and I must be missing something, but I reran them multiple times including all vacancy, maintenance, management, insurance, taxes, etc...

I am waiting to get the T12 and Rent Rolls from the current owner to verify NOI.

What could I be missing?

Thanks in advance.