Whether It's Worth A Look To Make An Offer

[Xavier Randall]

Hi BP -

I've been considering MHP's for a couple of years now. I came across a park in GA and the off the top numbers are as follows. Asking is $1,295,000. All city utilities. 41 pads. 35 occupied. Avg lot rent is $537. So I went with 35 x 537 x 60 = $1,127,700.00. I'm not done with complete market analysis but this is my neck of woods and I know this MHP has been around and stayed full for years. Is the formula I used providing close enough numbers to be appealing to put under contract? I'm sure after it's all said an done with due diligence there may be a chance to get it below asking. Thoughts? Feel free to pick this apart.