Davison MHP
$665,000
10364 Davison Rd. Davison, MI 48423
Written Summary
Listing includes additional house & apartment currently occupied.
QUICK LOOK
Purchase Price
Cash-on-Cash Return
Total Number of Lots
% Owner Owned Homes
$665,000
26.55%
25
16%
Financial Information
Occupancy Numbers
Total Number of Lots
Park Owned
Tenant Owned
Total Vacant Lots
Occupancy %
25
13
4
9
68%
Listing includes additional house & apartment currently occupied.
Annual Income, Expenses & Cash Flow
Gross Scheduled Income
Total Vacancy Credits
Operating Expenses
Net Operating Income
Debt Service
Cash Flow
$211,884
($76,278)
($50,119)
$85,487
($41,351)
$44,136
Financial Indicators
Cash-on-Cash Return
Debt Coverage Ratio
Capitalization Rate
Gross Rent Multiplier
Operating Expense Ratio
26.55%
2.07
12.86%
3.14
36.96%
