Mobile Home Park in Deland FL.
27 LOTS total.
13 Existing Park owned mobile Homes & 14 Vacant Lots.
Annual Rental Income of $217,920.
Fully developed mobile home park on over 4 acres of land.
3.5 Acre Adjoining parcel may also be purchased as a separate transaction.
FINANCING OPTIONS AVAILABLE
25% down / 7-9% rate / 5 year term / 25 year amortization
Current MONTHLY RENTAL INCOME of $18,160 with value add opportunity up to 14 additional rental units.
Current monthly rental income of $18,160.
Annual Rental Income $217,920.
$13,774 2023 Real Estate Taxes.
$4,968 Insurance Annual expense.
$2,160 Garbage & Dumpster Annual expense.
$6,000 Lawn Care Annual expense.
Tenants pay their own utilities (electric, water, and propane). Public water and public sewer.
2395 N Woodland BOULEVARD, Deland, FL, 32720
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
