Rental Income Projection
Project future rental income with annual rent increases.
| Year | Lot Rent | Occupied | Annual Income |
|---|---|---|---|
| Year 1 | $368 | 42 | $185,220 |
| Year 2 | $386 | 44 | $203,742 |
| Year 3 | $405 | 46 | $223,653 |
| Year 4 | $425 | 48 | $245,046 |
| Year 5 | $447 | 50 | $268,019 |
Projection is not the same thing as current NOI
Mobile home park value starts with what the property is producing now. Lot count, occupied sites, current lot rent, collections, concessions, utility reimbursements, home rent, and recurring expenses all matter before future growth is layered into a model.
This projection assumes rent growth and occupancy improvement for illustration. Actual increases may depend on local market evidence, resident notice requirements, affordability, competing communities, utility structure, turnover, collections, and execution. A future stabilized income scenario should not be presented as if it were already being collected.
Rhino separates current operating value from future upside so an owner can see which part of the value range is supported today and which part depends on future execution.
