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Updated over 8 years ago on . Most recent reply
Small Mobile Home Park
Hi! Just looking for validation on the price for a small mobile home park. It has 25 lots, 22 rented, all tenant owned. City water/sewer and separate meters with city sending out separate bills. Small rural town. Lot rent is $165. What would you pay? Thanks!
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Curt Smith
#4 Innovative Strategies Contributor
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#4 Innovative Strategies Contributor
- Rental Property Investor
- Clarkston, GA
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Curt Smith
#4 Innovative Strategies Contributor
Pro Member
#4 Innovative Strategies Contributor
- Rental Property Investor
- Clarkston, GA
for tenant owned i suggest using 30% expense ratio. 40 + 50 is appropriate for park owned home park value Calc.
value is lots x lot rent x 12 x expense ratio .3 equals noi. Noi / .1 for 10% cap rate