Need help putting a value on a park - MHP

[Adam Manns]

Hello everyone,

I've got a property I wanted to run by you all and get as many opinions on price as possible.
Here are the details ::: 46 total lots | 23 Owner occupied trailers: $500-month |9 Lot rentals: $150-month | 14 Vacant lots | Streets and parking pads are in good condition and paved in concrete | Sits on a 20 acre lake.

Any and all opinions on price would be greatly appreciated, thanks!

[Victoria Weiss]

Hey Adam, is the park on city water/sewer?  This factor will impact your expense ratio, and ultimately the value of the park.  Also, do you know the year/general condition of the park owned homes?  You will want to break out the lot rent and make sure and only capitalize that amount from the $500/month charged for the park owned homes.