Is there a quick way to value the homes that are being sold with a park?
My thoughts were 2 ways, the first was to get out the book and figure the value on each one but the problem I was having besides the time factor was that there is not enough information provided from the listings.
The second thought was to run the numbers backwards knowing what I could charge for a monthly payment based upon the lot rent and the avg. 2 bed apartment rent in the area, then I could play with the term of the loan and the interest rate.
Then I questioned that method due to the fact that the homes range so much in size and age…
Looking for some input…any and all would be appreciated.