Updated about 7 years ago on . Most recent reply
Need help to analyze 2 MHP Deals
I'm considering 2 MHP Parks. I will try to detail them out
Park #1
30 Lots (6 Vacant Trailers, 4 Vacant Lots)
20 Leased $350 per month $84,000 GI
Annual Expense $16,100 (RE Tax $10,000, Mgmt $1200, Landscape $1500, Snow removal $1000, Liability Insurance $500, Trash and Misc $1,900)
Asking Price $475,000
Park #2
4 Leased Lots $1270 per month (total)
Annual Expense $3,850 (RE Tax $900, Insurance $1200, Misc $1,250)
Asking price $75,900
I'm still waiting on a few details that I will add when able. Who pays utilities? Private or public utilities? etc. Would love another set of eyes on these 2 deals.