$99.00 USD
Recent Upgrades:
- Fully integrated 3-statement model monthly and annual (Income Statement, Balance Sheet, and Cash Flow Statement) as well as dynamic depreciation logic.
- Added a module to account for Park-Owned Homes (PoH) and fully integrated on all relevant financial reports. This can be used or not (zero out this part if you don't want to use it). This logic lets the user define when PoHs are purchased (count/total cost) in each MHP, how long until rent starts, rent increases, and sales proceeds.
Park-owned Homes Integration Video Overview:
This model is designed for the planning out of multiple real estate acquisitions or developments across 16 years of time. They could be MHP or general multi-family units or both. The model is flexible enough with the inputs to account for the way revenues and expenses are generated in each. Each property will be treated separately in terms of the initial loan / refi loan and resulting cash flow requirement therein.
On an individual property by property basis, the user can define the existing NOI (if it is an acquisition) with an entry cap rate for the total acquisition price as well as any construction or renovation costs. If 'debt' is selected as 'yes', then based on defined LTV or loan to cost rates some of the total initial costs will be sourced through debt and some through equity. If no debt is selected, it will all be equity.
The cash flow waterfalls allow for a joint venture structure, but if it is just a single entity providing the equity, then that is fine and that entity can be defined as 100% contribution and distribution. If the equity required gets sourced from an investor pool, then there are three different waterfall options to view for how the equity contributions and distributions are split between the investor (LP) and sponsor (GP).
Also defined on a per property basis include:
- Purchase month
- Operation start month
- Weighted average lot rent
- Initial annual rent growth (year 2-4)
- Stabilized annual rent growth (year 5+)
- Max unit count
- Initial occupancy
- Occupancy improvement (average per month)
- Max stabilized occupancy
- 17 slots for operating expenses
- Annual expense growth
- Other Income
This is the most dynamic mobile home park or general real estate acquisition/development scaling model I have ever seen or built. The model comes with all slots filled out, but if you only need some of them, just '0' out the row.
The most difficult part of this model was building the profit/loss and debt schedules dynamically for all 40 slots (with the option for a REFI).
Lots of visuals exists for the overall project as well as for the cash flow waterfalls. IRR and equity multiple return summaries have been displayed.
There is an MHP detail that shows various key financial line items of each park and in aggregate.
Make sure to only edit cells in blue text and shaded yellow.
Note, the 'lite' version has 5 slots if you want a smaller Excel file. The 40 slot version is ~8mb. The 'lite' version is ~1.8mb. and has all the same features as the primary version. Both are included in the one-time purchase.
More Real Estate Financial Models:
- Retail Building Construction
- Lot Development
- Strip Mall Acquisition Model
- Apartment Building
- Single Tenant Industrial
- Mixed-Use Real Estate
- Self Storage: Up to 6 Deals
- Rental Property Scaling
- Condo Development
- STRs (Short-term Rentals)
- Unit-Based Real Estate Acquisition
- Assisted Living Facility / Nursing Home
- Short-term Rental Arbitrage
- Hotel Development / Acquisition
- IRR Sensitivity Analysis (occupancy)
- Multi-family Real Estate Acquisition (annual only)
- Real Estate Flipping Calculator
- Property Management Business
- Real Estate Brokerage
- Real Estate Development
- Real Estate Checklist
- Rental Property ROI Calculator
- Seller Financing
- General Cash Flow Waterfall: 3 IRR Hurdles
- General Cash Flow Waterfall: 3 IRR Hurdles and GP Catch-up Provision
- Preferred Equity
- Preferred Return
- Zero Down Seller Financing
- Cost Segregation Study