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Updated about 6 years ago,
MHP Valuation -- High Lot rent
Looking at a park with 19 Lots, 2 single family homes, in the city, very strong market, all POHs, Public water and sewer, Tenants pay all utilities, Lot rent $650 avg, Single Family home rent $900 each per month, additional $200 for storage per month, so gross rent is $170k/year. What will be your ballpark evaluation on this? I know there are several other factors. I currently own a park in WV and wanted to get some advice from other park owners as this is a park in the city with high lot rent. Thanks.