On a $750,000.00 MHP purchase, what amount of net cash flow do seasoned investors expect to receive per month?
Thanks,
DK
around 15,000. 750,000 X .02=15,000
The goal is $100 a unit per month profit. I use $50-100 a month per unit as bidding guideline.
- How many units is this property?
- What repairs are needed?
- Is this an apartment, hotel, etc.?
- Is the location decent?
Get these questions answered so we can figure out a max purchase price. $15,000 isn’t accurate if there is $500,000 in repairs needed or if it is a hotel.
Another thing you might want to consider in your calculations is, what loan-to-value are you going to be at? Is 750k the purchase price or the principle balance?