NO PARK OWNED HOMES!!! Only collecting lot rent, with 17.5% CAP. Very easy to run from any where. The park is on CITY water, that is directly billed to tenants. All utilities are BILL DIRECTLY TO TENANTS. Each lot has its own septic tank. This park is outside city limits. The current tenants have been there for more than 8 years. Very stable investment with very minimal work. Lot rent was just increased in December 2015. But in 12 months you could increase it again as much as $25 per lot. That's extra $550/month and a annual salary increase of $6600.
The park is currently only occupying about 16 acres of the 34 total acres. So there are roughly 17 acres at the back of the park that can still be used to expand the park.
Lot 1- $200
Lot 2- $200
Lot 3- $250 (home financed to current tenant for additional $300)
Lot 4- $200
Lot 5- $200
Lot 6- $250
Lot 7- $200
Lot 8- $200
Lot 9- $200
Lot 10- $200 (home financed to current tenant for additional $160)
Lot 11- $200
Lot 12- $200
Lot 13- $200
Lot 14-$200
Lot 15- $200
Lot 16- $200
Lot 17- $200
Lot 18- $200
Lot 19- $200
Lot 20- $250 (home financed to current tenant for additional $350)
Lot 21- $200
Lot 22- $250

Water - Billed to tenants by county
Sewer - each lot has its own septic
Trash - tenants haul their own or pay for service themselves
Lawn - Tenants mow their own lawn

Annual taxes - $1300

Total monthly income - $5320