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4508 Mockingbird Ln
Bay City, TX 77414
Asking Price
$660K
Asset Type
Mobile-home-park
Class
Class B
What's Special
16-Site MH Community in Bay City, TX | Immediate Rental Upside <ul><li><span style="color: rgba(33, 37, 41, 1)">16-site manufactured housing community located in Bay City, Texas, offering a simple and low-maintenance operating profile</span></li><li><span style="color: rgba(33, 37, 41, 1)">Currently operating at ~94% occupancy (15 of 16 sites) with immediate upside through lease-up to full occupancy</span></li><li><span style="color: rgba(33, 37, 41, 1)">Average lot rent of $420/month, with projected increases to $480/month, supporting clear rental upsid
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NOI
$80,000
Cap Rate
12.12%
DSCR
2.04
Strong
Cash-on-Cash
20.61%
Monthly Payment
$3,265.32
Annual Cash Flow
$40,816.161