Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
Analyzing a deal/ Newbie
6 Mobile homes in 3 acres of land for 119K in a decent area.
All built around 1995.
$All are occupied and each generating 105/week.
Potential montly groos income $2520/month.
with a 5% interest rate loan the payment would be around $600/month
Using the 50% rule, I should be getting a $825/month.
Does this sound like a good deal?
After 20 years, are mobile home still worth investing?
Using Brandon's spreadsheet, do I treat them like regular houses?
I guess what I want to know if mobile homes tend to depreciate faster or if they have a shorter lifespan than a regular home.
Thank you for your help!