30 year #'s seem way off... I've gone wrong somewhere

[Mark Harrington]

Hi everyone,

This newbie needs some guidance...  Have a mobile home park I'm trying to analyze.  There are 30 spaces and only 17 are currently rented at $165.00 a month.  I'm trying to use the calculator tool to project a possible scenario of all 30 spaces eventually rented at $250.00 a month.  This increase should be 5.858%.  However at year 30 on the projection it has the rents being well over $250.00 a month.  I can't see what I'm missing....  Appreciate y'alls help! View report

*This link comes directly from our calculators, based on information input by the member who posted.