Here’s the exact formula we recommend to buyers:
🔹 STEP 1 — Look at gross sales
Where does money come from?
🔹 STEP 2 — Look at expenses
Are they real? Are they inflated? Missing? Adjusted?
🔹 STEP 3 — Determine adjusted NOI
Include add-backs.
🔹 STEP 4 — Apply a cap rate
What is a fair value range?
🔹 STEP 5 — Determine bankability
Does the park support DSCR loans?
🔹 STEP 6 — Factor your down payment
Can you afford this park?
🔹 STEP 7 — Look at upside
Rate increases → cabins → seasonal revenue → glamping → events
🔹 STEP 8 — Look at risk
Utilities → zoning → staffing → remote location
✔ Then, and ONLY then, do you decide whether to pursue an offer.
