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Updated over 4 years ago, 08/18/2020

User Stats

48
Posts
13
Votes
Jamin Olds
  • Investor
  • South Haven, MI
13
Votes |
48
Posts

What would you pay for this park?

Jamin Olds
  • Investor
  • South Haven, MI
Posted

Hey Everyone,

Currently negotiating on a 22 lot park that is off the market. I have ran my numbers and but would like some advice. Here are the 2019 numbers:

Income: $84,480

Expenses: $32,084

Net income: $52,395

I am trying to purchase this at a 9-10 cap rate and my number are not matching up with the sellers.  


What would you pay? What purchase price equals 9 and 10 cap rate?

Appreciate your help!

Jamin


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