Professional Documents
Culture Documents
Name of Mobile Home Park Frank & Daves Sunny Acres Mobile Hom
Number of Lots 29
Occupied & Paying Lots 28
Vacant Lots 1
Allowance for Collections 5.00%
Average Space Rent $120.00
Number of Park Owned Homes 5
Average Value of Park Owned Homes $5,000.00
Discounted Percentage (if any) 100.00%
Total Park Owned Home Value $25,000.00
Seller Financed Notes to Be Transferred $0.00
Discounted Percentage (if any) 0.00%
Value of Seller Financed Notes $0.00
Purchase Price $175,000.00
Maximum Cap Rate you are willing to pay 10.00%
Down Payment Percent 25.00%
Down Payment Amount $43,750.00
Amount of Mortgage $131,250.00
Term of Mortgage (in months) 300
Interest Rate 8.50%
Expenses (only include expense related to lot rent - not rental of homes)
Advertising $ -
Amortization -
Auto Expenses -
Bank & Credit Card Fees -
Contract Labor -
Depreciation -
Employee Benefits -
Insurance - Liability 1,006.00
Insurance - Property -
Insurance - Workers Comp -
Interest - Mortgage -
Interest - Other -
Landscaping 369.00
Legal & Accounting -
Licenses 105.00
Maintenance Supplies -
Office Supplies -
Payroll - Management & Maintenance -
Payroll Taxes -
Rent & Lease Payments -
Repairs & Maintenance - Buildings 48.66
Repairs & Maintenance - Equipment -
Repairs & Maintenance - Roads -
Repairs & Maintenance - Utilities -
Reserve for Capital Improvements (suggest 2-5%) -
Taxes - Other -
Taxes - Property -
Telephone -
Travel -
Utilities - Gas & Electric -
Utilities - Trash 2,028.32
Utilities - Water & Sewer 8,854.15
Other Expenses - Admin -
Other Expenses - Misc -
Other Expenses -
Other Expenses -
Total Addbacks $ -
Value Based on Cap Rates & Separating out Park Owned Homes
Net Operating Income (Calculated Above) $ 25,892.87
Maximum Cap Rate you are willing to pay 10.00%
Value of Lot Only Portion $ 258,928.70
Value of Park Owned Homes $ 25,000.00
Value of Seller Financed Notes $ -
Total Park Value $ 283,928.70
$ 133,048.00 $ 205,200.00
$ 600.00
1,850.00
- -
- -
600.00 -
- -
- -
360.00 -
8,400.00 -
1,600.00 -
- -
- -
- -
- -
5,500.00 -
5,000.00 -
- -
13,900.00 -
600.00 -
1,500.00 -
200.00 -
2,500.00 -
20,000.00 -
500.00 -
1,500.00 -
- -
- -
$ 64,610.00 $ -
$ 68,438.00 $ 205,200.00
$ - $ -
- -
- -
- -
- -
$ - $ -
$ 68,438.00 $ 205,200.00
$ 50,366.95 $ 83,029.75
$ 18,071.05 $ 122,170.25
10.40% 46.99%
$24,131.75 $132,400.00
$ 68,438.00 $ 205,200.00
10.00% 9.00%
$ 684,380.00 $ 2,280,000.00
$ - $ 50,000.00
$ - $ 45,000.00
$ 684,380.00 $ 2,375,000.00
$ 68,438.00 $ 205,200.00
1.25 1.25
$ 54,750.40 $ 164,160.00
$ 566,614.49 $ 2,056,207.53
75.00% 80.00%
$ 755,485.99 $ 2,570,259.41
$ 695,000.00 $ 1,300,000.00
25.00% 20.00%
$ 173,750.00 $ 260,000.00
$ 521,250.00 $ 1,040,000.00
300 360
8.50% 7.00%
$ 4,197.25 $ 6,919.15
$ 50,366.95 $ 83,029.75
$ 6,060.70 $ 10,229.75
tically Calculate