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Updated over 9 years ago,

User Stats

1,255
Posts
1,097
Votes
Joshua D.
  • Investor
  • Columbus, MT
1,097
Votes |
1,255
Posts

Mobile Home Park Help

Joshua D.
  • Investor
  • Columbus, MT
Posted

7 Unit mobile home Park  asking price of $ 240,000

I would self manage and there are no park owned homes 

Lot rent is $300 a month $2,100 total monthly

Property taxes are $1,300 a year 

Insurance is $500 for liability on land 

Electric for well and septic pump house are $50 a month.  

Well and septic are in park.  

Loan terms are owner financing at 4% fixed 30 year amt, 15 year balloon 

Retiring couple wants to move to Florida and just have passive income...  

 Is there room in this for me to win???

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