Call Rebecca Jensen for more information. 801-865-4167
7 Unit Mobile Home Park in Mountain Home, ID
714 Ash St.
Brand new water and sewer connections. Individual meters.
One mobile home on the lot - rents for $575 per month
We can provide you a distributor that will deliever and set up 2 bedroom/1 bath units for $10K each. Each unit is rent ready and includes everything to immediately rent the property out. No other expenses! These units will all rent for $500 (absolute low end) to $575 per month.
Each unit pays $62 for water and their own heat and gas.
Taxes - $1,800 (estimated)
Insurance - $1,800 (estimated)
No other expenses other than management!

Pro-forma
Gross rents $3,725 per month
Total Gross Rents: $44,700
Less
Vacancy (10%) $4,290
Management (10%) $4,290
Repairs $2,145
Cap Expense $2,145
Taxes $1,800
Insurance $1,800

Total Expenses: $16,470

Net Operating Income: $28,230

Cap Rate: 13% (this is reality not some made up # by not adding in all the expenses)

Purchase Price: $155,000
Add trailers 6 x $10,000 = $60,000
Total investment - $215,000