Park Analysis in a very small town

mobile home university
1

Hello MHU Colleagues:

I’m struggling with my park análisis. Im considering investing in a small park that has a good cap rate and all homes are stable TOH paying timely rent but the park is located in a very small town (600 persons) and far from big employers and any big city (2hrs) has no job growth.

I’d greatly appreciate it to hear your thoughts/advice.

2

How many pads and what’s rent? Small ones sometimes can make sense but the real killer is if they’re on private utilities.