Rental Calculator- Help me analyze this MHP deal

[Mike G.]

Hello BPers forgive me as im trying to do my best with the sellers financials provided. Im trying to analyze this deal to see if it makes sense to purchase and if so at what price.

The Knowns:

All utilities are thru the city and there is no well or septic its city sewer, electric, trash, water etc.

The park appears to be very pieced together and there is a mix of mobile homes, a house, apartment and several single "shacks" some with plumbing and some without. (tenants without take a piss and deuce in the laundry room/ park restroom).

Seller isnt willing to carry any financing, they want to cash out

General overview of rent roll and occupancy and financial break down which i entered in as much data as i could based off what seller provided in the Deal Analyzer

The Unknowns:

amount of deferred maintenance

Amount of inherited issues with city in regards to permits for modifications and additions made to mobile homes in the park structurally and with plumbing and electrical and who knows what else.

Im making an offer contingent upon inspection and a 30 day due diligence period with an appraiser and city inspector to look and tell me what issues i may inherit if i purchase the park.

Fire away with questions and ill try to clear up the financials as much as possible to make sense of this and i can hit the broker up with specific questions to get a better picture of the deal as a whole. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

[Benjamin Haberman]

Be careful with your monthly expenses. $5,000,000 is a lot of expenses for one month.