Mississippi Hard Money Deal - Active

500

None

No

Meridian

Mississippi

$495,000

$0

Our mobile home park is a thriving business with 18 out of 36 pads currently rented out. Our park offers rental rates of $300 to $450 per pad and has a current waiting list of potential tenants. Our purchase price of $495,000 was a sound investment, and our current cash flow is $5,000 per month, but with all 36 pads rented out, we could easily make $10,000 per month. Our business model is designed to maximize occupancy, increase revenue, and provide affordable housing to the community.

Market Analysis:

There is a high demand for affordable housing in the area, and our mobile home park is conveniently located and easily accessible. We have a current waiting list of potential tenants, indicating the high demand for our services. We will continue to market our business through online listings, local newspapers, and flyers in the community.

Marketing and Sales:

We will focus on maintaining a strong online presence, responding promptly to inquiries, and offering incentives for referrals to current tenants to encourage word-of-mouth marketing. We will also conduct regular inspections of the property to ensure that it is up to code and meets our high standards.

Management and Operations:

Our experienced management team will be responsible for overseeing the day-to-day operations of the park, including collecting rent, maintaining the grounds, and addressing tenant concerns. We will continue to maintain positive relationships with tenants and respond quickly to any issues or concerns.

Financial Projections:

Our projected revenue for the first year of operations is $259,200, with a net profit of $175,200. We anticipate a steady increase in revenue over the next five years as we reach maximum occupancy. With all 36 pads rented out, we could easily make $10,000 per month in cash flow. Our purchase price of $495,000 was a sound investment, and we will continue to reinvest in the property to maintain its value.

Conclusion:

Our mobile home park is a successful business venture in a growing market. We offer affordable housing to the community and have a current waiting list of potential tenants. Our experienced management team and high standards ensure that our park is well-maintained and that tenants are satisfied with their living arrangements. With steady income and high demand for our services, we are confident that our mobile home park will continue to thrive and be a sound investment for years to come.