Quick MHP Deal Analyzer
When I am trying to figure out if a deal is worth pursuing or passing purely based on the asking price, this is the calculator that I use. Use this calculator to estimate if you might be in the ballpark of the seller’s asking price. The calculator takes into account the industry average expense ratio of 30% for parks on public utilities and 40% for parks on private utilities.
If you are going to assign any value to the park owned homes or vacant lots then you would add it to the price the calculator gives you.
Disclaimer: This is for sorting through deal flow only, you should always conduct your own extensive due diligence on any property you are considering buying.