Mobile Home and RV Park. I am moving. This is a money maker if you are a investor and interested in making money in this economy and this is why:
Versus a hotel or anything else
Mobile Home Park Money Trees
Mobile home park investors across the nation are raking in the dough while countless single family home real estate investors are struggling to turn a monthly profit. Okay, so it's not exactly like investing on Madison Ave. However, if you have the knowledge you can do just as well as the Donald Trump in real estate. Just ask Jim Clayton of Clayton homes who sold his company and portfolio of mobile home parks to Warren Buffett for a cool $1.7 Billion dollars!
30 Space Park, $300 a month Rent Roll (50% Vacant) = $45,000 yearly rent
$45,000 - 15,000 (33% of rent goes towards Operating Expenses) = $30,000
$30,000 (N.O.I.) / 9.0 % (cap rate) = $333,333 (Your Purchase Price)
30 Space Park, 100% Occupancy, $320 a month rent roll = $115,200 yearly rent
$115,200 - $34,560 (30% park operating expenses) = $80,640
$80,640 (N.O.I.) / 9.0% (cap rate) = $896,000 (at 100% occupancy)
Over $500,000 profit!
Call Angela at 432-448-3674.