Commercial Real Estate Pro Forma
Mobile Home Park (MHP) Underwriting Calculator
Calculate lot rent revenue, TOH (Tenant Owned Home) vs POH infill yield, private utility water/sewer billback spreads, and stabilized capitalization rate.
Park Scale & Lot Economics
Valuation & Net Operating Income
Effective Gross Income (EGI)
Annual collections across occupied pads
Net Operating Income (NOI)
Pure lot rent cash flow
Asset Valuation & Price / Pad
At 7.25% capitalization rate
$2,914,940
$44,845 / Pad
Tenant-Owned Homes (TOH) have the lowest turnover in real estate (<5% annual churn) because moving a manufactured home costs $5k-$9k.