MHP owners - How much $/lot do you need for a deal?

[Joe Hartman]

In apartment investing, you see common numbers thrown around... assuming NOE~50%, you need to cash flow > $100/unit after debt services are paid. So a goal for someone might be to amass 84 units to retire on $100K/yr.

Most MHP owners will say that renting only the lots has a lower operating expense and less hours spent on managing the property than if you were managing the lived in unit (mobile home or apartment) as well. Assuming your income is from lot rents (not renting the mobile home itself), what monthly $/lot are you looking to make?

Thanks,
Joe