I have a 7 space mobile home park for sale. It has BRAND NEW water and sewer lines, Hard to find will all new infrastructure! And each space has it own WATER METER! It currently has 1 mobile home that is rentable and rents for $575 per month It has 2 other mobiles that are ready for rehab and 2 more that are just parked there! There are 7 individual lots for a total of 1/2 acre. There is still work to do on this park, but it will have major cash flow when complete. It will rent for $575 average each for a total each month for a gross $4025 each month, annual income of $ 48,300, with your only out of pocket being taxes, about 1500 per year and insurance prob about $1500 per year for a net of $45,300! Lets take off management fees of $4,800 and a vacancy and repairs of $4,000! that gives you a net of $36,500!!! You will need to rehab current mobiles there and move in another couple. Lets say you spend a total of and additional $80.000 on this park to get it all ready that give you a cap rate of 18.25% and that is being very conservative! I am selling this park as is currently for $120,000, that leaves you $80,000 to get everything else done. If you are interested in more info give me a call. I would also consider $20,000 and carry a note with a 5 yr balloon