pads @ avg rent of$165 $67,320
Vacancy and Credit Loss -PERCENT19%
Vacancy and Credit Loss-NUMBER8
Vacancy and Credit Loss -DOLLAR AMOUNT$12,823
NET MOBILE HOME RENTAL INCOME$54,497
OPERATING EXPENSES
Avg Expenses per Yr40% $26,928
NET OPERATING INCOME$27,569
10 cap $275,690
Is this an art or a science? As real estate values continue to drop over this year and the next maybe this price is not so low.
CASH INVESTMENT$68,750 (25%)
CAP RATE10.03%
CASH ON CASH11.65%
GRM4.08
PRICE PER PAD6548