I am considering a park with an extremely high density. There are 35 lots on 1.3 acres which, after subtracting 5,333 SF for roadway (4,000 per acre), leaves me with an average lot size of 1,465. Normally, I would not even give this a second look but this little park could be a little cash cow once squared away. It is currently a 9.4 cap but I would raise the rents out of the gate and bring it up to a 11.7 cap. There is way more room for substantial yearly rent increases in addition to the initial one. The utilities are city, directly billed to the tenants. The roads are paved and it is in a great location with a city population of 83,000 and a large metro in excess of 4 mil. The unemployment rate is 4.8%. The occupancy rate is 71% with 6 vacant homes and a couple of vacant lots. I would appreciate any input, especially as regards the density.