Wait A Second... Am I Seeing This Correctly?

[Ean Bass]

Hello! Currently, I'm in the research phase of the REI timeline, but I came across this property:

https://www.redfin.com/SC/West...

I did a quick calculation and the numbers were incredible. $15,000+ annual cash flow and over 30% ROI? Am I missing something, or is this deal really that good? I'm questioning it because it's been on the market for nearly 200 days. If the numbers are for real, why haven't anyone bought it yet?

[Joe Villeneuve]

...because it's a manufactured home..a double wide.  It's almost impossible to get financing for them.  It's also impossible to get and accurate value for them unless they are in a trailer park.  This is on a private lot.

All of this means you'd need to pay cash for this.  Nobody in their right mind would pay $174k for a property that gets only $33k in cash flow.  That's a 6 year wait before you start making a profit, on an investment that rarely has any appreciation.