POH-Heavy Deal – Would You Structure or Walk?
Looking at a 49-unit park:
- 17 TOH
- 22 POH
- 10 RV
- Lot rent $365 (market ~$460)
- Expenses ~$204K
In-place NOI ≈ $98K
Stabilized NOI with rent normalization ≈ ~$145K
Seller asking $2.2M and open to financing.
For those who operate POH-heavy assets:
- Are you even touching this at that basis?
- Or does this become workable strictly with structure (heavy carry, minimal down)?
- How do you price POH concentration risk in smaller parks like this?
Genuinely curious how others would approach it.
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POH-Heavy Deal – Would You Structure or Walk?
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