It’s amazing how much value there is in just billing back water/ sewer usage in Mobile Home Park Investments!
$51,478 at a 95% recapture rate = $48,904 added to the NOI at an 8 Cap Valuation is $611,301 in asset value!
Spend $15k to add submeters under each home and get over $600k in Value Add!
I love Mobile Home Park Investing math!
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Disclaimer
The information provided is for informational purposes only and should not be considered investment advice, nor a guarantee of any kind. There are no guarantees of profitability, and all investment decisions should be made based on individual research and consultation with registered financial and legal professionals. We are not registered financial or legal professionals and do not provide personalized investment recommendations.
Andrew Keel
https://keelteam.comAndrew is a passionate commercial real estate investor, husband, father and fitness fanatic. His specialty is in acquiring and operating manufactured housing communities. Visit AndrewKeel.com for more details on Andrew's story.