Full Cycle - Mobile Home Park

[Charlotte Dunford]

Investment Info:

Other buy & hold investment.

Purchase price: $325,000
Cash invested: $365,000
Sale price: $495,000

Investment Summary
20-lot mobile home park in Urbana, IA
Acquisition Date: June 2020
Hold Time: 22 Months
Purchase Price: $325,000
Capital Invested: $365,000
Sales Price: $495,000
Total Distributions: $504,393
IRR: 19.30%
Annualized Return: 20.87%

How did you find this deal and how did you negotiate it?

Buy directly from the seller

How did you finance this deal?

Cash + Syndication

How did you add value to the deal?

Rent Increases, Curb Appeal, Road Upgrades, and other cosmetic upgrades

What was the outcome?

IRR: 19.30%
Annualized Return: 20.87%

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Brokers