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Mobile Home Park Investing

Mobile Home Park in
Southeast, IA

In December 2018, the Keel Team and investment partners purchased a 115 lot mobile home park in southeast Iowa for $677,000.00.  Through improvement initiatives such as: filling vacant pads, removing run down homes, filling potholes and repairing off-street parking pads, modest lot rent increases, and others, we were able to improve the park operations, increase NOI, and achieve a significant value increase. The financial results of these efforts are summarized below:  


Original acquisition price: $660,000 (December 12, 2018)


Equity: $595,000 initial cash investment from partners

Debt: Recourse


Monthly Distributions Paid, Starting in Month 13:


  • January 2020 - June 2022: $89,233.41

  •  (5 monthly payments of $3,566.67)

  • (18 monthly payments of $3,966.67)

  • SOLD June 2022 - $1,616,456.63


Total Distributions Paid to Investors: $1,705,690.04

Sale Closing Date:

Jun 23, 2022


Sale Price: $2,100,000.00


Investors received $1,616,456.63 at closing.



 $89,233.41 Investor Distributions

$1,616,456.63 Sale Closing Distribution

$1,705,690.04 Total Distributions

($595,000.00) Initial Equity Investment

= $1,110,690.04 Total Return on Capital



42 months = 3.5 years



53.33% annualized cash on cash ROI 


Legal Disclosure: All investment offerings have a high degree of risk. Results may vary. Past performance is not a guarantee of future success.

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