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Updated over 7 years ago,
Help me analyze this mobile home park!!
Good morning everyone,
A mobile home park has come up for sale that I drive by every single day on my way to work. I need all of your expertise and help analyzing the property as I am still in the learning phase.
I have emailed the listing agent already requesting some additional information:
1) Cap rate
2 NOI/CFO
3) Rental amount per lot/unit
4) If utilities are absorbed by the park owner or by individuals
5) If the park was on city sewer or septic
I need all of your help analyzing this one, and any recommendations on further questions I should ask/inquire about.
**Update #1**
Reviewing the park's current website shows there is a unit for sale and here is the basic information it gives:
Terms:
$9,900
$900 down payment
$600 monthly (includes lot rent)