Why not buy MH on private land for rental?

[Rebecca E.]

Ok looking at my next project: either a MH on its own lot in decent area or SFH in nicer subdivision. Which would you buy for a future rental? Here's the deets:

MH (1989) asking price: 70k with 15k Reno costs. Rents run 850-900 per month. Coc return is 15.6%

SFH(1986) asking price: 200k with 2k Reno. Rents 900-950 per month. COC return 6%

Seems like a no-brainer to me, but am I missing something with renting out a MH on its own land? Sure I'm not getting as much appreciation as the SFH, but I'm still appreciating on the land...

Thanks for your thoughts!

A

[John Underwood]

Originally posted by @Rebecca E.:

@John Underwood

Wow. I thought $400 per month was a great cash flow...jealous 😀

I was just wondering if there was something I was missing because so many people dump on MH.

 When I found out Warren Buffet was the single largest owner of MH parks it changed my thinking about MHs.