$76K DOWN! Mobile Home Park DesMoines,IA $3,600 per monthCASH COW

Total Price: $379,000

Owner financing available 6% interest

20% down payment

Paid off in 3 years

$75,800 Down

$1,516/month

14 lot mobile home park

1.31 acre

205 Mill St SE Mitchellville IA 50169

CITY WATER, CITY SEWER Individually metered

14 total lots (9 owner occupied homes/5 empty lots)

Lot rent: $400/month

Monthly income: $3600

Annualized Gross Income: $43,200

Expenses:

Insurance $1500

Property Taxes $2432

Offsite Manager $4,320

Total Expenses: $8,252

Total net = $43,200 $8,252 = $34,948

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Very beautiful picturesque city.

Population is increasing.

15 minutes from Des Moines

Demand is extremely high for affordable homes in the area

A lot of opportunity here for the future owner.

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In a span of 3 years it is possible to bring the rents up to $55...