Re: Buying a small first park, need feedback!!!

Lot rent * units * 12 ( months in a year) * .60 ( expenses) * 10 ( assumed cap rate)

250 * 5 * 12 * .60 * 10 = 90000.

My self i would be worried about the Real income coming in this property. Also being all POH the expenses can be WAY higher than 60 percent. We just had a tenant move out and there was about 5k in damages to our mobile home. How will that make your bottom line look like? The rent IMO needs to be close to 500 to even think about it unless you plan to sell the homes to the tenants.