Please login here to save this document to a list.
If you don't have an account, you can register for free here.
$175.00
ALL FEES INCLUDED
| Add to Cart |
HIGHLIGHTS
DOCUMENT DESCRIPTION
This financial forecasting template is a perfect fit for anyone investing in the mobile home park or RV park business. It doesn't matter if you are a beginner in the space or a seasoned pro looking to acquire 10 to 40 parks all at once. You can strategize and create all kinds of financial plans so you have an idea of costs, returns, and general equity requirements for up to a 16 year period.
Recent Updates:
• Added 3-statement model (IS,BS,CF) and integrated dynamic depreciation.
• Added logic for park-owned homes (PoH) to be accounted for in their own module and this does connect to all financial reports in the model.
• 5 park and 40 park version included in purchase
This is a real estate financial model designed to plan out the acquisition of up to 40 mobile home parks (MHPs) over time, operating them for up to 16 years, and then exiting for a defined exit cap. The exit can be at any month and doesn't have to be 16 years.
Final results flow into three separate joint venture schedules:
• Preferred Equity
• Soft Preferred Equity (IRR Hurdles)
• Preferred Return
The waterfall distributions schedules above are all independent of each other and are designed to easily compare different funding / distribution structures of the entire operation and how returns may differ between the Sponsor (GP) and Investor (LP).
Assumptions were set up so each Mobile Home Park has its own configurations for acquisition cost, development, debt / equity funding, revenue, and expenses.
For each of the 40 parks, build-out assumptions include:
• Park Name
• Start Month
• # of Months Until Rev. Starts
• Operations Begin (formula)
• Annual NOI
• Entry Cap Rate
• Entry Acquisition Cost (formula)
• Construction/Other Cost
• Total Acquisition Cost (formula)
• Debt? (yes/no)
• Debt (per LTV defined on 'Control' tab) (formula)
• Equity (formula)
• Unit Count
• Starting Weighted Avg. Lot Rent
• Lot Rent Growth (year 2-4)
• Stabilized Rent Growth (per year)
• Initial Occupancy
• Vacancy Improvement per Month
• Stabilized Occupancy
• 3rd party contractors
• Turn Over
• Repairs & Maintenance
• Marketing & Advertising
• Management Fee
• Payroll
• Administrative / Other
• Utilities
• Electric
• Gas
• Water Sewer
• RE Taxes
• Property Insurance
• Extra Field 1
• Extra Field 2
• Extra Field 3
• Extra Field 4
• Annual Expense Growth
• Other Income
A monthly and annual pro forma detail show the total initial investment, operating activity (down to Net Operating Income) debt service, and exit value for each of the 40 mobile home parks individually.
This is all aggregated into a final total Net Operating Income and cash flow. Note, for any MHPs that were defined as being financed with debt, there is a global driver for the terms of each loan (defined once and apply to all loans).
Also, you can globally choose the debt configuration life and this includes if there is a refinance event at a certain point in time for each of the parks that had debt funding. The terms of this are defined once and apply to each park individually based on when the park started operations / required an investment.
The dynamic nature of this model is really useful if the user needs to plan out scaling multiple purchases of parks over time and wants to easily apply complex logic to each acquisition in order to see an aggregate result.
Note, a full version (up to 40 MHPs) and a lite version are included. The lite version has up to 5 MHPs and everything else is the same.
To account for construction time, the model does allow for the initial loan to have a defined interest only period as well as a defined monthly # deal regarding when rental revenue starts relative to the purchase date.
Got a question about the product? Email us at [email protected] or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Integrated Financial Model, Real Estate Excel: Mobile Home Park Acquisition Model: Up to 40 Parks Excel (XLSX) Spreadsheet, Jason Varner | SmartHelping
ABOUT THE AUTHOR: JASON VARNER | SMARTHELPING
I graduated in 2011 with a Bachelors degree in Accounting. From there, I worked at a few small businesses doing financial reporting and some bookkeeping. After a few years of that, I started doing freelance financial consulting work on Elance and Upwork.
[read more]
After over 400 jobs completed with a 100% success rate, I now run my own modeling/consulting practice, conduct live streams on YouTube Monday and Tuesday mornings and continue to build new financial models.
I occasionally take on custom financial modeling work.
Jason Varner | SmartHelping has published 105 additional documents on Flevy.
DETAILS
This business document is categorized under the function(s): Corporate Finance
It applies to All Industries
File Size: 1.8 MB
Related Topic(s): Integrated Financial Model Real Estate
Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.
This product contains a supplemental XLSX document.
Initial upload date (first version): Dec 7, 2022
Most recent version published: Dec 7, 2022
![]() | Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more. To receive this free download, enter your email address below and click the "Email Me" button. |
|
"FlevyPro provides business frameworks from many of the global giants in management consulting that allow you to provide best in class solutions for your clients."
– David Harris, Managing Director at Futures Strategy
|
|
"Flevy is now a part of my business routine. I visit Flevy at least 3 times each month.
Flevy has become my preferred learning source, because what it provides is practical, current, and useful in this era where the business world is being rewritten. In today's environment where there are so many challenges and there is the need to make the right decisions in a short time, with so much scattered information, we are fortunate to have Flevy. Flevy investigates, selects, and puts at our disposal the best of the best to help us be successful in our work." – Omar Hernán Montes Parra, CEO at Quantum SFE
|
|
"I have found Flevy to be an amazing resource and library of useful presentations for lean sigma, change management and so many other topics. This has reduced the time I need to spend on preparing for my performance consultation. The library is easily accessible and updates are regularly provided. A wealth of great information."
– Cynthia Howard RN, PhD, Executive Coach at Ei Leadership
|
|
"As an Independent Management Consultant, I find Flevy to add great value as a source of best practices, templates and information on new trends. Flevy has matured and the quality and quantity of the library is excellent. Lastly the price charged is reasonable, creating a win-win value for the customer, Flevy and the various authors. This is truly a service that benefits the consulting industry and associated clients. Thanks for providing this service. "
– Jim Schoen, Principal at FRC Group
|
|
"As a niche strategic consulting firm, Flevy and FlevyPro frameworks and documents are an on-going reference to help us structure our findings and recommendations to our clients as well as improve their clarity, strength, and visual power. For us, it is an invaluable resource to increase our impact and value."
– David Coloma, Consulting Area Manager at Cynertia Consulting
|
|
"As a consulting firm, we had been creating subject matter training materials for our people and found the excellent materials on Flevy, which saved us 100's of hours of re-creating what already exists on the Flevy materials we purchased."
– Michael Evans, Managing Director at Newport LLC
|
|
"As a young consulting firm, requests for input from clients vary and it's sometimes impossible to provide expert solutions across a broad spectrum of requirements. That was before I discovered Flevy.com.
Through subscription to this invaluable site of a plethora of topics that are key and crucial to consulting, I have been able to exceed expectations and deliver quality advice and solutions to my clients. The quality and expertise of the authors are exemplary and gives me great confidence to use as part of my service offerings. I highly recommend this company for any consultant wanting to apply international best practice standards in their service offerings. " – Nishi Singh, Strategist and MD at NSP Consultants
|
|
"My FlevyPro subscription provides me with the most popular frameworks and decks in demand in today’s market. They not only augment my existing consulting and coaching offerings and delivery, but also keep me abreast of the latest trends, inspire new products and service offerings for my practice, and educate me in a fraction of the time and money of other solutions. I strongly recommend FlevyPro to any consultant serious about success."
– Bill Branson, Founder at Strategic Business Architects
|
![]() Do You Want to Get Lean?
We've assembled 40 Lean Six Sigma guides: Lean Management, Six Sigma, Strategy Planning, Process, and Change Management.
|
![]() Waste Too Much Time on PowerPoint?
Get our FREE PowerPoint Plugin (Flevy Tools) for creating common business diagrams, from Gantt Charts to Harvey Balls.
|
![]() Do You Run a Consulting Firm?
Learn how to level the playing field with global consulting firms, like McKinsey, BCG, Bain, E&Y, and Accenture.
|
![]() Need Help with PowerPoint or Excel?
Have our highly trained staff create the exact documents you need. We offer PowerPoint and Excel document creation services.
|
© 2012-2023 Copyright. Flevy LLC. All Rights Reserved.