Mobile Home Park Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Help! New RE investor - Is this a good commercial deal?
$4 million for 54 unit mobile home park at a 6.45% cap rate, anticipated to increase to a 7.04% cap rate within the next year.
NOI: $257,000
Current Loan: 2,600,000 at 4.90% principal & interest amortized over 30 years.
If I were to put down $100,000 and finance the rest of the 35% down payment = $1,300,000
How would I calculate this profit?
Any and all help is MUCH appreciated!!