Dear MHP Community,
Here is a simple spreadsheet I use to evaluate/ underwrite a potential MHP. Take a look and feel free to use it.
All you do is plug in the lot rents, the down payment you are making, the vacancy on the park, other income and also the expenses (some expenses may be missing, so just insert another line for the expense item). Also, you can insert the interest rate on the loan, the loan term… Then the program tells you the cap rate and your cash on cash return.
If you have questions on how to use this, feel free to reply.