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Updated almost 6 years ago, 03/21/2019

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5
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Konstantinos Porfyris
  • Queens, NY
0
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5
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Mobile home park question

Konstantinos Porfyris
  • Queens, NY
Posted

Hi all I’m brand new to the community but I’ve been reading and educating myself through BiggerPockets ... great material !

I live in nyc but I’m thinking of investing out of state as the NYC market is way too expensive

I've found a mobile home park in the south I'm interested in. 16 acres 8 Park owned homes with a rent roll of 4250 a month. After all expenses including taxes and property management and mortgage NOI is $31,000 a year... is this too good to be true ? The property is listed at $185,000.

Any tips and advice is appreciated thank you all so much !

Konstantinos Porfyris

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