Two ways to win: Keep it as a rental park OR switch to low-maintenance lot rent (immediate return from sale of homes). Huge upside, free and clear titles for everything, strong bones — and plenty of land to expand. ?? PROPERTY OVERVIEW ?? Location: Rural Grady County (Blanchard mailing address), 10 min from Newcastle Casino ?? Size: 4.54 acres total ?? Current Setup: 8 mobile homes (about 80% complete — sell as-is) 1 small single-family home (rent or sell separately) ? All units and land owned free and clear ?? Condition: No current tenants — value-add project for investor vision. ?? MODEL 1: LOT RENT ONLY ?? Sell each mobile home to tenants (30K–50K per unit estimated) ?? Keep the land — collect lot rent only ?? No home maintenance, just land lease income Pro Forma Income: 8 pads at 500 per month = 4,000 per month (48,000 per year) SFR rental at 900 per month = 10,800 per year Total Gross: 58,800 per year Estimated Expenses: about 6,000–8,000 per year Pro Forma NOI: about 50,800–52,800 per year Cap Rate: around 8.2%–8.5% ?? Initial cash back from mobile home sales about 240K–350K up front ?? MODEL 2: FULL RENTAL PARK ?? Keep all homes and rent them out yourself ?? Higher gross income but you handle maintenance Pro Forma Income: 8 MH at 700 per month plus SFR at 900 per month = 6,500 per month (78,000 per year) Estimated Expenses: about 35% = 27,300 per year Pro Forma NOI: about 50,700 per year Cap Rate: about 8.2% ?? EXPANSION POTENTIAL — BOTH MODELS ?? 2+ acres clean and ready for 8 more pads Estimated cost per unit: 26,000 Total expansion: about 208,000 Fully built out: 16 pads plus 1 SFR Lot Rent Model (Fully Expanded): 16 pads at 500 per month = 8,000 per month (96,000 per year) SFR at 900 per month = 10,800 per year Gross: 106,800 per year Estimated Expenses: about 12,000 NOI: about 94,800 Cap Rate: about 11.4% Rental Model (Fully Expanded): 16 pads at 700 per month = 11,200 per month plus SFR at 900 = 12,100 per month Annual Gross: 145,200 per year Expenses: about 24,000 NOI: about 121,200 Cap Rate: about 14.6% ??? LAND VALUE AND ZONING Land comps: 28K–37K per acre ? 143K+ in dirt value alone Rural Grady County — verified no zoning restrictions for mobile homes or expansion Outside Blanchard city zoning map ? UTILITIES AND INFRASTRUCTURE OG&E electric (5 homes connected) 5 septic systems in place (5 homes connected) 5 connected to well water HughesNet satellite internet available 3 homes need final hookups ?? LOCATION ADVANTAGES ? Rural — private and quiet ? Growing demand for affordable housing ? Renters unsatisfied with competition nearby ? 10 minutes to Newcastle Casino ? Quick drive to OKC metro ?? SELLER NOTES Current owner had other ventures become more pressing — pivot this to a pure lot rent park for stress-free mailbox money, or finish rehabs and operate as a full rental park for max income. Mix and match your strategy — you choose how you want to play it. ?? CONTACT DM for comps, layout, photos, or a walkthrough. Own the land. Control the cash flow. Expand the upside.