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Real Estate & Property · Land-Lease Asset

The Mobile Home Park

A mobile-home park is the rare real-estate asset where you own the land and rent the dirt, while the tenants own their own homes. That land-lease structure is why turnover and operating costs are low and the NOI margin is high. You are not a building landlord; you are the owner of the ground beneath a neighborhood of homes that almost never move.

High NOI (operating) margin, pre-debtTenant-owned homes = low turnoverValued on capitalized NOIScarce, zoning-protected supply
01

The Snapshot

Is this worth your attention?

$300k-$1.5M
Typical annual revenue
50-150 pad park
~55-65%
NOI (operating) margin
pre-debt; high because you rent the dirt
~6-8%
Cap rate
value = NOI / cap rate
20-35%
Cash down to acquire
plus closing & reserves
Flexible
Absentee potential
once a manager is in place
Low-Medium
Day-to-day difficulty
the land does the work

A fit if you...

  • Think like an investor in NOI, cap rates, and value creation
  • Want a low-labor, semi-absentee real-estate cash flow
  • Can underwrite a site, its utilities, and a lease-up or infill plan
  • Have or can finance significant capital
  • Are patient enough to raise below-market lot rents over years, not weeks

Probably not if you...

  • Need a low-capital start or fast cash flow
  • Want a hands-on operating business with daily customers
  • Cannot stomach a private water or sewer system you now own
  • Read the high NOI margin as net profit and ignore the mortgage
02

Step Inside the Layout

A live look at one tool inside

This is the actual 3D floor from the full model - drag to explore it. Inside, you configure the space yourself and watch the economics move with every choice.

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This is just the surface

The full model is the complete, interactive deep-dive, and every business here is built to the same standard: a live economics simulator you tune to your own numbers, an interactive 3D walkthrough, a location scorecard, an owner-fit assessment, buy-versus-build guidance, and the full breakdown of how it makes money and what quietly kills margin.