First of all, don’t put your entire amount in any investment, whether it’s mobile home park or GM stock. Diversity is the key to success. If you were to use $50,000 of that, it would buy (assuming seller financing and normal economics) a park for $250,000 with 20% down. If you were to buy a typical mom & pop park in the Midwest or Great Plains (because those are the areas we know well), that would be about a 25 space park If you bought it for at a 10% cap rate, that means it has net income of $25,000 per year. At an 80% mortgage at 6%, that would give you a cash-on-cash return of around 20%. 20% on $50,000 is around $10,000 per year. That same amount in a 2% CD is $1,000 per year, and has no upside potential in equity.
That being said, you would need to find just the right park. It would need city water and sewer, and no master-metered gas or electric. And it would need a turn-around strategy to significantly enhance the net income, through raising rents, cutting costs, or something your tangibly control. Filling lots is capital intensive (unless you can get Lonnie dealers or RVs to fill them) so beware of that one profit center. A seller financed deal would typically be non-recourse and require no credit check or loan committee.
Can you find the perfect property? I don’t know, as it depends on three things: 1) how hard you try 2) how smart your approach and 3) luck. But I know that the odds of success if you do nothing and stick with CDs is 0%.
Read all the free articles on this website and see if a mobile home park would be right for your goals and personality. Post any further questions right here on the forum, if you like.