The Best How To Appraise A Mobile Home Park 2022

How To Appraise A Mobile Home Park. It was a shock after i purchased the park and did my first of many walk throughs. How do you evaluate and analyze mobile home parks and other income producing properties?

110Space MHC Value Add mobile home park for sale in Emporia, KS 1087770
110Space MHC Value Add mobile home park for sale in Emporia, KS 1087770 from www.mobilehomeparkstore.com

So the normal net income of an average mobile home park space in the u.s. If the park is on the market for $3 million i will probably pass. When you want to better understand the market and the critical factors that affect property value, you need a thorough and insightful valuation.

110Space MHC Value Add mobile home park for sale in Emporia, KS 1087770

Our method for valuing manufactured housing assets is the same tried and true method. A certain decrease in valuation due to depreciation is inevitable. If you multiply that by the number of lots, even a 50 space park makes over $100,000 per year, and a 250 space park can make around. We say that this mobile home park investment had a capitalization rate of 10%.