[Calc Review] Help me analyze this deal

[Luke Simonetti]

Hey everyone, I'm trying to analyze this MHP. Its 3 units. The property is in good condition, with a few minor things that need some attention. 

1989, 1981 and 2003 are the years built. The newest one needs all new floors, the oldest one needs a new roof. I'm estimating 10k in repairs. I have them under contract for $26k/ea. Rents are 600, 650 x 2. I think thats about market value, I could potentially get a little bit more on renewal. 2 of 3 units are occupied, with a tenant lined up as soon as the floor is laid on the 3rd unit. 

I'm just not sure how to appraise the value of the MHP if I buy it in cash, stabilize it for a few months and then go to a bank for a commercial loan. Does any one know how to value this deal properly in terms of what a bank will appraise it for, how that calculation is run, and if it's treated commercial since it's MHP? 

Thanks for the help!

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