Below mkt. MHP assignment opp to make $10K/mos net cash flow:


#1

Good Day MHP Investors-

Consignment opportunity:

  • Park

    • $635K purchase price ((Frank formula value of $690K)
      • Full occupancy valuation is ~3X this amount
    • 71 Lots/32 occupied (all tenant occupied- no POHs), $325 lot rent
      • Comp- MHP less than a mile away is 90+% occupancy @ $400/mos
    • Upgrade opportunity
      • Remeter
      • Raise rents
      • Infill
  • Location

    • Midwest- MSA
      • 335K population
      • Average home $148K
      • $46K HHI
      • 10% pop growth
      • Diverse employment with two large universities within 12 miles
  • Utilities

    • Septic/well
    • County approval to connect to city sewer and finance project over 20 years. Nominal monthly cost can be passed along to tenants.
  • Proforma: 18 Cap oppor

Email/text me for NDA to proceed- $30K consignment fee

Jerome

jkucera@gmail.com

312.925.2476


#2

What are the rents at this park?

edit: NVM…I can’t read: $325