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Updated about 5 years ago on . Most recent reply

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Logan Hartle
  • Real Estate Agent
  • Charlotte, NC
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Cashflow Per Lot Requirements

Logan Hartle
  • Real Estate Agent
  • Charlotte, NC
Posted

When buying a MH Park what cashflow per lot are you looking for?

Also do you look for a certain NOI as a percentage of Gross Income?

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Frank Rolfe#1 Mobile Home Park Investing Contributor
  • Real Estate Investor
  • Ste. Genevieve, MO
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Frank Rolfe#1 Mobile Home Park Investing Contributor
  • Real Estate Investor
  • Ste. Genevieve, MO
Replied

You first look at the net income from strictly real estate (lot rent, renting of any stick-built homes and apartment) and not including an personal property income (rental mobile homes) and then apply a cap rate (typically a range of 8% to 10%)

The normal expense ratio is 30% (if tenants pay water/sewer) to 40% (if park pays water/sewer),

Cash flow per lot is not a normal metric.

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