what is good monthly income for 30 unit MHP - Posted by Alfred

Posted by Joe C. (AR) on September 07, 2003 at 01:23:57:

I have had a 43 space park for 9 years. If that 2k/mo is net to you after “all” expenses including management and debt service, I’d say that’s great for a park that size. Usually a small park (less than 75 spaces)doesn’t net enough to pay for management and provide a decent return on investment. Make sure that you are accounting for “all” expenses.
Just my .02
Joe C. (AR)

what is good monthly income for 30 unit MHP - Posted by Alfred

Posted by Alfred on September 07, 2003 at 24:22:55:

I am about to put a MHP under contract and was wondering what is the normal or average spendable cash per unit. I am also aware that this will vary by location but any comparison will be helpfull. To let you know my situation it is a 30 unit complex, and after paying for someone to care and manage the property in all aspects I will make 2K a month. does this sound average, poor, or good. thank you.

Re: what is good monthly income for 30 unit MHP - Posted by eb

Posted by eb on September 07, 2003 at 23:03:55:

can you provide details on the income and expenses for us mh newbies?

thanks!