1.31 Acres in Mitchellville, IA - $387,000

Mobile Home Park near Des Moines, IA making $3,600 per month

25%+ YIELD! Des Moines Mobile Home park CITY UTILITIES submetered

Invest $50,000 as owner financed down payment

Make over $700,000 Net!

Total Price: $387,000

As soon as the earnest money deposit payment is made the link automatically stops working and no one else can buy the property!

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

$387,000 Purchase Price

$50,000 Down Payment

6% interest

Monthly Payment = $1,685/month ($20,220/year)

Balance due in 5 years

$34,948(net) $20,220 (loan payment) = $14,728 net profit

$14,728/$50,000 = 29...