STAR MOBILE ESTATES20106 Jamestown Road, Sonora, CA34 Manufactured Home Sites on 4.7 AcresMajority Doublewide HomesVery Reasonable Site RentsDirect Bill Gas & Electric Municipal Sewer & Water Utilities5.25% Cap Rate, 6.2% Total Return$2,000,000 Sales Price

Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it.

T John Grant858‐586‐9400 Email: john@parkbrokerage.com

Lake Tahoe Area MH Community & RV Resort

STAR MOBILE ESTATES34 MH Sites in the Sierra Gold Country Foothills

Down PaymentCash to Loan

LOAN INFORMATION:No existing loan on the property. Broker anticipates anew 70% ltv or $1,400,000 at 4.875% fixed for 5 yearsthen rolling to an adjustable interest rate for another5 years, 30 years amortization, monthly payment$7,408.92

PROPERTY DESCRIPTION AND RENTAL INFORMATION: Nice country mobile home park located in the gold country foothills in the unincorporated area of Sonora in Tuolumne County. 34 manufactured home sites with a majority of doublewide homes. Site rents are very reasonable at $442-$570 and subject to the County of Tuolumne rent control ordinance with annual rent increases at 100% of cpi plus 10% on resident turnover. Electric and submetered propane are directly billed and county water is submetered and county sewer is charged at $46 per month. The property has many nice trees and oaks and has a playground. The property currently has two vacancies which Broker believes can be easily filled with monthly RV’s or manufactured homes installed for resale.

Do not contact onsite staff. Please contact broker to schedule a visit.

CountyTuolumne

StateCalifornia

Historical FinancialsSee Attached Excel Spread Sheet

AgeBuilt 1965

LoanBuyer to Obtain

Total Parcel Size 4.7 Acres

No. Spaces34

WaterMunicipal

SewerMunicipal

Listing Salesman John Grant (858) 586-9400 Price Per Site: $58,824

NET INCOME   $105,028

TOTAL ANNUAL PRIN. & INTEREST PAYMENT                             $88,907

EST. ANNUAL PRE‐TAX CASH FLOW (SPENDABLE) $16,121

PLUS PRINCIPAL REDUCTION YEAR 1 $21,125

TOTAL RETURN $37,246

Address/City20106 Jamestown Road, Sonora

Capitalization Rate5.25%

Est. Spendable Return2.7%

Total Return 6.2%

Price$2,000,000

STAR MOBILE ESTATES

ACTUAL Year End

2016

ACTUAL Year End

2017 Broker

Proforma

REVENUESRent 171,592 170,812 174,636 ←

Water 7,322 7,307 7,307Sewer 12,918 15,504 15,504Late Charges 2,597 2,545 2,545NSF 70 35 35Application Fees 210 35 35Bad Debt -12,186 -5,426 -5,426Rent Control 472 464 464Other 1 0 0

TOTAL REVENUES 182,996 191,276 195,100

EXPENSESOnsite Management 14,212 18,179 18,179Payroll Taxes 2,046 1,810 1,810WC Insurance 1,983 1,432 1,432Utilities 25,411 29,739 29,739Repairs & Maintenance 10,269 7,312 7,312Office 345 456 456Bank Fees 24 12 12Postage 410 622 622Advertising & Promotion 7 23 23Licenses & Permits 1,081 1,747 1,747Property Tax 17,932 16,892 21,404 ←

Insurance-Prop & Liab 2,495 2,734 2,734Legal 7,457 719 719Credit Checks 34 34 34Dues & Subscriptions 402 565 565Management Fees 12,000 12,350 0 ←

Outside Services 1,610 1,784 1,784Franchise Tax 800 800 800Travel 1,256 1,916 500Education & Seminars 118 560 200

TOTAL EXPENSES 99,892 99,686 90,072

NET INCOME 83,104 91,590 105,028 ←

Broker Proforma is an estimate and used only as an example.The Seller and Broker do not guarantee it and Buyer to make independent investigation and evaluation of thepotential revenue, expenses, and occupancy streams for the property.

Estimated 12 months net income going forward

Current rent roll annualized with two vacancies

New property taxes per Prop. 13

Most smaller parks are owner/operated

Real Estate Market Trends for Sonora, CA - Trulia https://www.trulia.com/real_estate/Sonora-California/market-trends/

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Rent AnalysisAddress: 20106 Jamestown Road, Sonora, California 95370

Report generated: 11 Sep 2018

Radius: 5.00 mile

2-bedroom

Max age: 12 months

Results based on 6, 2-bedroom rentals seen within 12 months ina 5.00 mile radius

AVERAGE

±10%

MEDIAN $850–$1,600 $850–$1,300

The research and data included in this report is aggregated from a variety of sources and many are third parties that are not affiliated withRentometer, Inc. The information is believed to be accurate, but Rentometer, Inc. does not provide a warranty of any kind, eitherexpressed or implied.

Copyright ©2018 Rentometer, Inc.

© OpenStreetMap

Rent

599

887

1175

1463

1751

1,175

3mi

© Mapbox

Average rent near 20106 Jamestown Road, Sonora, California 95370 [2-... https://www.rentometer.com/analysis/2-bed/20106-jamestown-road-sono...

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