This beautiful park is located just minutes away from the Colorado River. The park consists of 24 spaces on approximately 2 acres within the total parcel of 18.37 acres. This leaves approximately 16.37 acres for additional income such as for park expansion or lease out for farming. There is a strong demand for alfalfa or other crops that grow well in the area.

Of the 24 spaces, six homes are park owned homes. The park owned home rent ranges from $350-$450 monthly. The remainder of the units are spaces that rent for $274 per month. There are currently four vacant spaces. The current actual gross income is $6,177 per month or $74,124 per year. The actual operating expenses are $13,981 annually which leaves a Net Operating Income (NOI) of $56,437. At the listing price of $425,000 and a NOI of $56,437, that figures our actual cap rate at 13.28%! If you then rent out the 4 vacant spaces at $274 per month, that gives you an additional annual income of $13,152. If you add on the $13,152 to the NOI of $56,437, then you have a NOI of $69,589 or a cap rate of 16.37 ($69,589/$425,000). Where else can you find such a robust cash flow and great return on your money!!

On top of that, if you purchase and add homes to the existing four vacant spaces, you can then figure rent to be $450 per month for a decent home that you can pick up on the open market for $5,000 to $10,000. You get your investment back the first year and would then have additional income of $21,600 per year, which calculates to a $95,724 gross income and a $78,037 NOI or a cap rate of 18.36%!!!.

The park is serviced by two wells. One well is used to irrigate the park. Thus, the landlord has no common area water costs to keep the park green. The second (and newer and deeper) well services the tenants. So the tenants (or the landlord) have no additional costs for water. The wells are inspected, passed, and certified every year by the relevant government agency.

A septic system services the park and has been certified. That information including the plumbing company can be provided upon request.

Also each space is separately metered for electricity and tenants pay all their own electricity costs.

There are storage units at the park that can be (and are) used by the tenants for additional rent. These units could also be used to service the Blythe trade area. While this additional opportunity is not included in this analysis, additional detail can and will be provided upon request.

Finally, it should be noted the stability of this investment. The tenant mix is of middle aged to upper middle aged tenants with their families. Most of the tenants have been there forever and call Blythe Colorado River Estates their "home". When you interview the tenants, you will see that they pay the rent, love it there, and are not going anywhere. So with this offering, not only do you get a very high return, but a low risk one at that!