Reported income
Start with rent, home income, reimbursements, and other recurring property revenue.
The Rhino valuation method
Understand what your park may be worth—and why.
Rhino MHP Value starts with current operations, separates assumptions from facts, and makes the value range understandable to the owner.
The valuation chain
Seven steps. No black box.
Normalized income
Separate what is recurring today from future upside, one-time receipts, or assumptions.
Operating expenses
Review taxes, insurance, utilities, management, repairs, payroll, and recurring operating costs.
Normalized NOI
Build the recurring operating income serious buyers and lenders can actually underwrite.
Cap-rate range
Apply a supported range that reflects market, scale, utility exposure, infrastructure, and execution risk.
Capital adjustments
Identify known work or unusual obligations a buyer may have to fund outside recurring NOI.
Indicated value range
Present a range with the assumptions attached—not a fake single-number certainty.
What Rhino separates
Current value is not the same as future upside.
A rent increase, infill plan, utility bill-back, or operational improvement can matter. But it should not silently be treated as income already being collected.
Current operations
Future operating upside
Recurring expenses
One-time capital needs
Property-specific risk
Market / financing assumptions
See the math move
Try the Valuation Lab.
Change NOI, cap rate, rent upside, and known capital needs in an illustrative model.
Want the real conversation?
Bring us the actual park.
Start with the location and approximate lot count. No documents required.
