For commercial, it'll be based on a cap rate.

DO NOT pay a cap rate on the rent the park is charging for the home.

They didn’t provide a CAP rate so I assume it is low maybe a 5 or 6 CAP.

Most learn it's IRR that matters in the end, not the $200 month you average for a year or 2 until a bad tenant or cap ex wipes out 5 years worth in one swoop.yes if your going to look at SFR rentals on a cap rate basis like most do.. then you need to measure IRR  monthly cash flow is really meaningless.. you wont know how you actually did until U exit..

Since I purchased (2014), they imposed a cap on rentals. 

At just above 4%, the CAP rate is super low (at a CAP rate of 4%, I rather hold real estate in NYC than in Montreal).

Other than using cash app that puts a cap on how much you can send/receive within a time frame.

I own a couple Schen duplexes and they do in fact produce a cap rate north of 15, and my COCR was well over 50% first year after refi. 

Doing quick math I came up with a cap rate of 6.3%.

Did you use a cap rate to determine your 1M purchase and now your 1.6M valuation?