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Mobile Home Park Pad Rent Calculator
MHP pad rent is the core revenue driver; tenants typically own the home and rent the land.
Annual revenue
$736,920
Year 5 revenue
$940,517
Revenue per pad
$6,141
How the math works
Revenue = occ pads × pad rent × 12 + POH count × POH × 12. Year 5 = current × (1 + g)^5.
110×$475×12 + 15×$650×12×92% = $627k + $108k = $735k → $938k in 5 years at 5%.
EveryCalc calculators are designed for fast, practical estimates with transparent inputs and no required account. We use plain formulas, visible assumptions, and related tools so visitors can check the result from more than one angle.
Results are informational only. For financial, tax, legal, medical, construction, or other high-impact decisions, verify the output against primary sources or a qualified professional.
Learn more about our review process on the EveryCalc methodology page.
How this calculator works
What this page estimates
This Mobile Home Park Pad Rent Calculator is built to give a quick, browser-based estimate for mobile home park pad rent. MHP pad rent is the core revenue driver; tenants typically own the home and rent the land. The inputs stay on the page during normal use, and the result should be treated as an estimate for planning, comparison, or education rather than professional advice.
Calculation approach
The calculator applies the standard relationship implied by the inputs, then formats the answer so it can be checked and reused. For finance tools, the most important step is using consistent units, rates, time periods, and assumptions before comparing the result with another calculator or outside quote.
Example workflow
For example, start with a realistic value you already know, change one input at a time, and watch how the answer moves. That makes it easier to tell whether the result is being driven by the main amount, the rate, the time period, or a unit conversion.
Practical checks
- Use current, real-world numbers when the result affects money, health, tax, or legal decisions.
- Run a low, base, and high case when the inputs are estimates.
- Check the related calculators below when the next decision depends on a different assumption.
How to interpret the mobile home park pad rent result
Best use
Use the result as a planning number for comparing payments, rates, returns, tax reserves, or cash-flow choices before you request a quote or make a commitment.
Cross-check
Compare the answer with the contract, lender estimate, tax form, brokerage statement, payroll record, or invoice that will control the real-world outcome.
Watch for
Do not rely on a single optimistic rate, return, or fee assumption. Money pages work best when you run low, base, and high cases and keep professional advice separate from the estimate.
This page belongs to the Finance calculator library, so the answer should be read in the context of the decision you are modeling rather than as a universal rule.
Before relying on this mobile home park pad rent estimate
Most calculator mistakes come from the inputs, not the arithmetic. Use this short audit before you reuse the answer in a spreadsheet, quote, application, or important conversation.
Confirm source numbers
Match balances, rates, fees, taxes, income, and payment dates against the lender quote, payroll record, tax form, statement, invoice, or contract.
Separate cash flow from total cost
A lower monthly payment can still cost more over time if fees, interest, taxes, or a longer term are hidden in the structure.
Run conservative cases
Test at least one higher-cost or lower-return case before using the output for a purchase, refinance, investment, loan, or tax decision.
Rerun this page when the rate, price, term, fee, tax rule, income, expense, or expected holding period changes.
How to Use
- Enter pads total.
- Enter monthly pad rent.
- Enter park-owned home rent premium.
- Enter park-owned home count.
- Enter occupancy %.
- Enter annual rent growth %.
- Read current and stabilized NOI.
Frequently Asked Questions
MHP business model?
Park owner owns the land and infrastructure (streets, utilities, amenities). Tenants own the manufactured home (vintage: 1970s-2020s, newer preferred). Tenant pays monthly 'lot rent' ($350-900/mo typical) for land + services. Park owner has very low service intensity (no indoor maintenance, no turnover within the home). Excellent stability: tenants rarely move (cost to move home $5-15k). 5-10 year stays common.
Park-owned homes (POH)?
Some parks rent out park-owned homes in addition to collecting pad rent. Park-owned home rent: pad rent + $400-1,000 extra for home rental. Economics: higher revenue but higher maintenance, higher turnover, higher risk. Ratio target: <20% POH in mature park, <40% in transitioning. 100% POH = effectively a multifamily property with mobile homes, not a land-rent model. Pure land-rent (0% POH) is the cleanest model.
Rent growth dynamics?
MHP rent growth: 3-6% annually in recent years (demand outstrips constrained supply). Reasons: NIMBY prevents new park construction, existing parks are undersupplied. Industry consolidation: ELS, Sun Communities, Inspire, Yes Communities aggregating portfolios, pushing rents. Rent control regulation emerging (CA, OR, WA, MD) caps growth at 2-5% + CPI. Still attractive for stable yield.
Cap rates?
Stabilized MHP cap rates: 5.5-7% primary markets, 6-8% secondary/tertiary. Institutional-quality MHP (Sun, ELS): 5-6% cap. Value-add parks (underwater rents): 7-9% in-place, 5.5-6.5% stabilized. Much lower volatility than multifamily. NOI margin: 60-75% (very high). Unlike multifamily, low capex intensive. Returns-to-asset-class among best in CRE.
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