Hello Fellow Investors,
Park Description : 177 space park: total park owned homes 31, total occupied homes 16, total vacant 15 (all needing renovation) total tenant owned homes 67, total vacant lots 52. total abandoned homes 27. ( of which 17 are teardowns)
If interested , ill give you the location.
Current income and expenses: (have a more specific breakdown of all income and expenses, and also filling park lots with homes and projections w expected numbers and cap rates too-just text or email for more detailed numbers besides specific overview here)
gross income is $383, 083
expenses $292,188
NOI-$90, 845
Estimated numbers after plan completion:
estimated capital to complete the project- $486,000
projected gross: $582, 857 Projected expenses: $344, 988
Projected NOI: $237, 869 Projected Net cashflow: $167, 621
Cap rate: 7.8%
2,600,000 + 486000= 3,086,000 (investment)
Cash on cash : 26.4%
50,000 DP, and 100k fee (75 consulting fee + 25k finders fee for procuring buyer to me) +486000 (capital)=636k cash invested)
$167, 621 (net c.flow) divided by 636k= 26.4 coc
If you have interest reach out w questions. If i dont know the answer ill ask the seller.
Got 11 more parks with sizable upside in midwest and down south.
Sincerely,
Dan G.
DLG Properties, LLC
dan.cpllc@gmail.com
401.712.8148