GREAT CAP RATE
Financial Summary Year: 2009
Scheduled Gross Income: $207,160
Effective Gross Income: $194,730
Operating Expenses: $52,510
Net Operating Income: $142,219
Cap Rate: 10.00%
Mobile Home Lots
No. Spaces: 97
Avg. Mo. Rent: $175
RV Lots
No. Spaces: 2
Avg. Mo. Rent: $185
Location Description:
Diboll Mobile Home Community is located in East Texas, approx. 10 miles south of Lufkin on Hwy 59 . Lufkin is the largest city between Houston to the south and Tyler to the north. Lufkin serves a broad service area of jobs,education,entertainment,governmental services,medical services and retail shopping.This creates a permanent population estimated at over 100,000.
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