Transcript SIX MOBILE HOME PARKS TAHLEQUAH OKLAHOMA 74464

SIX MOBILE HOME PARKS
TAHLEQUAH OKLAHOMA
74464
OFFICE:
822 S MUSKOGEE AVE
TAHLEQUAH OKLAHOMA 74464
918-506-4081
OFFICE MANAGER:
AMANDA BAUGHMAN
21403 S KEELER DRIVE
PARK HILL OKLAHOMA 74451
TOTAL
SITES
TENANT
OWN
HOMES
LEASE OWN
HOMES
VACANT
LOTS
VACANT
PARK
OWNED
HOMES
PARK
OWNED
HOMES
44
12
10
4
1
17
POTENTIAL
ADDITIONAL
SITES
ACRES:
LOT RENTS:
THREE
BEDROOM:
TWO
BEDROOM
TOTAL
INCOME
10
9.5
$265.00
$475.00
$375.00
$17635.00
UNIT44
39
40
41
42
42A
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
DATE DUE
BEDROOM
APPLIANCE DEP0SIT
LEASE TO OWN
4/16
3/2
0
0
460
PARK OWNED
TENANT OWNED
VACANT LOT
VACANT
HOMES
265
265
4/1
4/3
4/16
4/1
4/30
4/1
4/16
4/1
4/30
4/5
4/24
4/1
4/1
3/2
2/2
3/2
2/2
2/2
2/2
3/1
2/1
2/1
3/2
3/2
3/1
4/16
4/1
4/1
4/25
4/21
4/24
4/1
4/24
4/16
4/7
4/16
4/16
3/2
3/2
3/2
3/2
2/1
3/2
WKLY
4/27
4/7
4/3
4/1
4/27
4/1
4/1
2/1
3/2
2/1
3/2
3/2
3/2
3/2
3/2
3/2
0
200
0
0
100
0
0
0
100
0
200
0
100
0
440
0
0
100
0
0
0
0
200
0
0
100
0
0
0
0
100
0
0
0
100
100
0
0
265
495
415
265
495
265
415
415
495
450
425
460
425
265
375
265
495
495
425
460
475
550
265
265
495
475
460
460
265
425
460
415
265
495
495
265
265
EXPENSES:
TAXES
3625.00
INSURANCE
1100.00
WATER
9600.00
LAWN SERVICE
2625.00
GARBAGE
1200.00
LABOR
2033.33
MATERIALS
10581.00
GROSS ANNUAL:$244820.33
EXPENSES: $33200.33
VACANCY: $17220.00
NOI: $194400.00
20.46% CAP
LOAN AMOUNT
760000
INTEREST RATE
6.00%
MONTHS
PAYMENTS
PERIOD
240
$5,444.88
SOUTH BREEZE MANOR
21403 S KEELER DRIVE PARK HILL OKLAHOMA 74451
SELLING PRICE: $950000.00
DOWN PAYMENT: $190000.00
CUMULATIVE
BIGINNING BALANCE PAYMENT
PRINCIPAL
INTEREST
PRINCIPAL
CUMULATIVE INTEREST ENDING BALANCE
10-Jun-14
550000
$5,444.88
$2,694.88
2750
$547,305.12
1-Jun-14
547305.124
$2,694.88
2750
$2,694.88
2750
$547,305.12
1-Jul-14
($2,750.00)
2736.52562
($55.12)
5486.52562
$544,610.25
VIDEO
• https://www.youtube.com/watch?v=nXGBb3I
Buy0&feature=youtu.be
• https://www.youtube.com/watch?v=jgx18enx3w&feature=youtu.be
• 129 West Willis Road Tahlequah Oklahoma
74464
TOTAL
SITES
TENANT
OWN
HOMES
LEASE OWN
HOMES
VACANT
LOTS
VACANT
PARK
OWNED
HOMES
PARK
OWNED
HOMES
25
5
10
4
1
5
POTENTIAL
ADDITIONAL
SITES
ACRES:
LOT RENTS:
THREE
BEDROOM:
TWO
BEDROOM
TOTAL
INCOME
10
7.5
$265.00
$475.00
$375.00
$9275.00
UNIT
DATE DUE
BEDROOM
APPLIANCE DEP0SIT
LEASE TO OWN
1
2
3
4
5
6
7
8
9
11
12
13
14
15
16
17
18
19
20
21
22
23
24
4/1
4/3
4/3
2/1
3/1
2/1
0
0
0
360
595
515
4/1
3/2
2/1
0
450
PARK OWNED
VACANT LOT
VACANT
HOMES
265
360
265
4/1
4/1
4/18
4/3
4/3
4/3
4/16
4/21
4/1
2/1
4/3
4/3
4/1
4/1
4/3
3/2
200
100
390
2/1
2/1
3/2
100
100
450
2/1
0
325
2/1
100
425
265
2/1
3/2
0
100
295
450
265
265
3/2
3/2
0
0
450
450
265
265
450
265
390
335
265
25
26
27
28
29
30
31
32
33
34
TENANT OWNED
4/3
EXPENSES
TAXES
3267.00
INSURANCE
945.00
WATER
12000.00
LAWN SERVICE
2625.00
GARBAGE
00.00
LABOR
2033.33
MATERIALS
5565.00
GROSS ANNUAL:$111264.00
EXPENSES: $28871.33
LESS VACANCY: $17040.00
NOI: $65352.67
10.98% CAP
LOAN AMOUNT
INTEREST RATE
MONTHS
PAYMENTS
PERIOD
476000
6.00%
240
$3,410.21
STEPP MOBILE HOME PARK
329 W WILLIS RD TAHLEQUAH OKLAHOMA 74464
SELLING PRICE: $595000.00
DOWN PAYMENT: $119000.00
CUMULATIVE
BIGINNING BALANCE PAYMENT
PRINCIPAL
INTEREST
PRINCIPAL
CUMULATIVE INTEREST ENDING BALANCE
1-May-14
350000
$3,410.21
$1,660.21
1750
$348,339.79
1-Jun-14
348339.7882
$1,660.21
1750
$1,660.21
1750
$348,339.79
1-Jul-14
($1,750.00)
1741.698941
($89.79)
3491.698941
$346,679.58
VIDEO
• https://www.youtube.com/watch?v=ffmlRfAO
6bM
• https://www.youtube.com/watch?v=3osiPjz1q
X8
19023 E RD 801,802,803 RD
PARK HILL RD TAHLEQUAH OK 74464
TOTAL
SITES
TENANT
OWN
HOMES
LEASE OWN
HOMES
VACANT
LOTS
VACANT
PARK
OWNED
HOMES
PARK
OWNED
HOMES
34
4
10
1
8
11
POTENTIAL
ADDITIONAL
SITES
ACRES:
LOT RENTS:
THREE
BEDROOM:
TWO
BEDROOM
TOTAL
INCOME
0
10
$265.00
$475.00
$375.00
$12810.00
RENT ROLL - BUTTERFLY
UNIT
DATE DUE
BEDROOM
DEP0SIT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20A
20
21
22
23
24A
24
25
26
27
28
29
30
31
32
33
34
4/16TH
3/2
3/2
2/1
3/2
2/1
200
2/1
2/2
2/1
2/1
2/1
3/2
3/2
3/2
200
200
4/1
4/5
3/1
4/9
4/21
4/1
4/1
4/3
4/16
4/16
4/16
4/3
4/1
4/1
4/1
4/1
LEASE TO OWN
TENANT OWNED
PARK OWNED
500
VACANT LOT
VACANT
HOMES
475
360
425
360
200
265
475
390
390
360
360
200
475
460
460
265
2/2
2/1
3/2
2/1
3/1
2/1
3/2
3/2
4/3
4/1
4/1
4/1
3/2
2/1
2/1
4/1
2/1
3/2
360
365
460
375
450
375
475
475
240
450
300
350
265
375
460
375
375
4/1
265
TAXES
TAXES
3727.00
3727.00
INSURANCE
INSURANCE
945.00
945.00
WATER
WATER
9600.00
9600.00
LAWN
LAWNSERVICE
SERVICE
2625.00
2625.00
GARBAGE
GARBAGE
4800.00
4800.00
LABOR
LABOR
2033.33
2033.33
MATERIALS
MATERIALS
7686.00
7686.00
GROSS ANNUAL:$153720.00
EXPENSES: $31227.33
LESS VACANCY: $40260.00
NOI: $82232.67
11.83% CAP
LOAN AMOUNT
556000
INTEREST RATE
6.00%
MONTHS
240
PAYMENTS
$3,983.36
LAST TEN YEAR ACERATED TO FIVE YEAR
PERIOD
1-May-14
1-Jun-14
1-Jul-14
BUTTERFLY CREEK
19023 E 801-803 RD PARK HILL TAHLEQUAH OKLAHOMA 74464
SELLING PRICE: $695000.00
DOWN PAYMENT: $139000.00
BIGINNING BALANCE PAYMENT
PRINCIPAL
INTEREST
CUMULATIVE PRINCIPAL CUMULATIVE INTEREST ENDING BALANCE
350000
$3,983.36
$2,233.36
1750
$347,766.64
347766.6433
$2,233.36
1750
$2,233.36
1750
$347,766.64
($1,750.00)
1738.833217
$483.36
3488.833217
$345,533.29
VIDEO
https://www.youtube.com/watch?v=YOVbx5yp
Xts
https://www.youtube.com/watch?v=y1cXG3ly
qTo
1200 KEETOOWAH ST TAHLEQUAH OK
74464
TOTAL
SITES
TENANT
OWN
HOMES
LEASE OWN
HOMES
VACANT
LOTS
VACANT
PARK
OWNED
HOMES
PARK
OWNED
HOMES
26
5
7
2
8
4
POTENTIAL
ADDITIONAL
SITES
ACRES:
LOT RENTS:
THREE
BEDROOM:
TWO
BEDROOM
TOTAL
INCOME
0
3
$265.00
$375.00
$300.00
$7590.00
SUNSHINE RENT ROLL
UNIT
DATE DUE
BEDROOM
APPLIANCE DEP0SIT
LEASE TO OWN
1
3
4
5
6
7
8
9
15
17
18
19
21
23
24
25
27
29
30
31
33
36
37
38
39
40
41
4/1
4/1
4/1
4/1
4/1
4/1
2/1
2/1
2/1
2/1
2/1
2/1
2/1
0
0
0
0
0
0
0
266
395
286
266
266
2/1
0
2/1
2/1
2/1
0
0
0
PARK OWNED
TENANT OWNED
VACANT LOT
VACANT
HOMES
335
265
4/1
265
4/1
BI-WKLY
265
265
266
350
325
4/1
265
300
4/1
4/1
2/1
0
1/1
2/1
0
0
2/1
2/1
2/1
2/1
0
0
0
0
315
265
300
335
4/1
4/1
4/1
4/1
4/1
265
300
300
325
275
265
265
EXPENSES
TAXES
2125.00
INSURANCE
756.00
WATER
8400.00
LAWN SERVICE
2625.00
GARBAGE
900.00
LABOR
2033.33
MATERIALS
4554.00
GROSS ANNUAL:$91080.00
EXPENSES: $23829.00
LESS VACANCY: $35040.00
NOI: $32211.00
10.92% CAP
LOAN AMOUNT
236000
INTEREST RATE
6.00%
MONTHS
240
PAYMENTS
$1,690.78
LAST TEN YEARS ECERATED TO FIVE YEARS
PERIOD
1-May-14
1-Jun-14
1-Jul-14
SUNSHINE ESTATE
1200 CHOCTAW STREET TAHLEQUAH OKLAHOMA 74464
SELLING PRICE: $295000.00
DOWN PAYMENT: $59000.00
BIGINNING BALANCE PAYMENT
PRINCIPAL
INTEREST
CUMULATIVE PRINCIPAL CUMULATIVE INTEREST ENDING BALANCE
200000
$1,690.78
$690.78
1000
$199,309.22
199309.2227
$690.78
1000
$690.78
1000
$199,309.22
($1,000.00)
996.5461135
($309.22)
1996.546114
$198,618.45
VIDEO
https://www.youtube.com/watch?v=C0VeKw9j
KKc
https://www.youtube.com/watch?v=GYPQB5zDrQ
BLACK JACK RD STILWELL OKLAHOMA
74960
TOTAL
SITES
TENANT
OWN
HOMES
LEASE OWN
HOMES
VACANT
LOTS
VACANT
PARK
OWNED
HOMES
PARK
OWNED
HOMES
17
0
2
4
6
5
POTENTIAL
ADDITIONAL
SITES
ACRES:
LOT RENTS:
THREE
BEDROOM:
TWO
BEDROOM
TOTAL
INCOME
0
2.5
$265.00
$375.00
$300.00
$5240.00
SIERRA ESTATE RENT ROLL
UNIT
DATE DUE
BEDROOM
APPLIANCE
DEP0SIT
1
1-Apr
2-Mar
0
LEASE TO
OWN
TENANT
OWNED
PARK OWNED VACANT LOT
HOMES
300
2
265
3
500
4
5
VACANT
300
1-Apr
2-Mar
0
395
350
6
300
7
300
8
9
1-Apr
1-Feb
10
1-Apr
2-Mar
350
11
1-Apr
2-Mar
350
12
1-Apr
2-Mar
14
325
350
1-Feb
265
15
265
16
17
18
1-Feb
1-Apr
325
1-Feb
300
19
20
1200
1670
795
1575
EXPENSES
TAXES
622.00
INSURANCE
693.00
WATER
00.00
LAWN SERVICE
2625.00
GARBAGE
300.00
LABOR
2033.33
MATERIALS
3252.00
GROSS ANNUAL:$65040.00
EXPENSES: $11961.00
LESS VACANCY: $28440.00
NOI: $24639.00
14.58% CAP
LOAN AMOUNT
156000
INTEREST RATE
6.00%
MONTHS
240
PAYMENTS
$1,117.63
LAST TEN YEARS EXCERATED TO 60 PAYMENTS
PERIOD
10-Jun-14
1-Jun-14
1-Jul-14
SIERRA ESTATES
BLACKJACK RD STILWELL OKLAHOMA 74960
SELLING PRICE: $195000.00
DOWN PAYMENT: $39000.00
BIGINNING BALANCE PAYMENT
PRINCIPAL
INTEREST
CUMULATIVE PRINCIPAL CUMULATIVE INTEREST ENDING BALANCE
100000
$1,117.63
$617.63
500
$99,382.37
99382.36755
$617.63
500
$617.63
500
$99,382.37
($500.00)
496.9118377
$117.63
996.9118377
$98,764.74
PICTURES SIERRA ESTATE
19027 E 840 RD PARK HILL OKLAHOMA
74451
TOTAL
SITES
TENANT
OWN
HOMES
LEASE OWN
HOMES
VACANT
LOTS
VACANT
PARK
OWNED
HOMES
PARK
OWNED
HOMES
58
0
33
6
3
0
POTENTIAL
ADDITIONAL
SITES
ACRES:
LOT RENTS:
THREE
BEDROOM:
TWO
BEDROOM
TOTAL
INCOME
16 RV SITES
5
$265.00
$375.00
$300.00
$13605.00
LAKEWAY RENT ROLL
UNIT
DATE DUE
BEDROOM
APPLIANCE DEP0SIT
LEASE TO OWN
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
1-Apr
1-Apr
15-Apr
21-Apr
3-Apr
2-Mar
2-Mar
1-Feb
1-Feb
1-Feb
2-Mar
2-Mar
1-Feb
1-Feb
1-Feb
1-Feb
1-Feb
1-Feb
1-Feb
1-Feb
1-Feb
1-Jan
1-Feb
1-Jan
1-Feb
1-Feb
1-Feb
1-Feb
1-Feb
2-Feb
1-Feb
1-Feb
1-Feb
1-Feb
1-Feb
1-Mar
1-Feb
200
200
0
0
0
0
0
200
0
0
200
0
0
200
0
0
200
0
200
200
0
100
200
0
0
0
0
0
0
0
200
0
375
425
325
365
345
1-Apr
Bi weekly
3-Apr
1-Apr
1-Apr
1-Apr
weekly
3-Apr
5-Apr
5-Apr
3-Apr
Bi- weekly
weekly
5-Apr
11-Apr
weekly
7-Apr
1-Apr
5-Apr
1-Apr
3rd week of month
TENANT OWNED
VACANT LOT
VACANT
HOMES
265
450
375
325
300
325
295
300
375
325
375
295
230
250
300
295
295
250
325
300
425
300
325
265
325
395
325
265
265
265
265
3-Apr
weekly
1-Apr
1-Apr
1-Feb
1-Feb
1-Jan
1-Feb
1-Feb
0
200
0
200
0
325
325
375
375
325
2500
10965
375
$1,590
$1,050.00
EXPENSES
TAXES
3600.00
INSURANCE
2079.00
WATER
00.00
LAWN SERVICE
2625.00
GARBAGE
4320.00
LABOR
2033.33
MATERIALS
12607,50
GROSS ANNUAL:$151290.00
EXPENSES: $27264.33
LESS VACANCY: $31680.00
NOI: $92345,67
13.29% CAP
LOAN AMOUNT
396000
LAKEWAY PARK LLC
INTEREST RATE
5.50%
19027 E 840 RD PARK HILL OKLAHOMA 74451
MONTHS
180
SELLING PRICE: $695000.00
PAYMENTS
$3,235.65
DOWN PAYMENT: $299000.00 PAID TO BRADLEY PILLAY ASSIGNED SHARE
LIEN ON MH
240
ASSIGN LLC
PERIOD
BIGINNING BALANCE PAYMENT
PRINCIPAL
INTEREST
CUMULATIVE PRINCIPAL CUMULATIVE INTEREST ENDING BALANCE
1-Apr-14
396650
$3,235.65
$1,417.67
1817.979167
$395,232.33
1-May-14
395232.3287
3347.16
$1,417.67
1817.979167
$1,417.67
1817.979167
$395,232.33
1-Jun-14
$1,529.18
1811.481506
$2,946.85
3629.460673
$393,814.66
VIDEO
https://www.youtube.com/watch?v=irI1sBjfOc
Q
SUMMARY
•
•
•
•
•
TOTAL SALE PRICE: $3425000.00
TOTAL NOI $491181.01
14.34% CAP
206 LOTS – Based on lot rents only:
DIVIDED BY 130% vacancy = 158 RENTED X $265.00 =
$41870 X 12 = $502440.00 DIVIDE X 140% EXPENSES =
$358885.71 NOI= 12.17% CAP
• 30 % down payment only. 6% interest fixed 20yrs.
Approved financing – first lien – transfer of deed. 100
homes with lease to own notes for next five years – close
to $1000000.00 bonus to buyer:- few as 25 homes
vacant – Which about 10 needs repairs .
• All 150 homes are free to buyers with this deal.