What is an implied cap rate and how is it calculated here?

Implied cap rate is net operating income divided by price. This tool computes NOI from your inputs and divides by the asking price, so you see the yield the seller's own numbers imply.

What does price per pad tell me?

Price per pad divides the asking price by the pad count. It is a comparability check across parks, not a valuation. The record supports comparing like assets; the human decides what counts as like.

What is gross potential rent?

Gross potential rent is every pad filled at the stated lot rent for twelve months. It is the ceiling, not the forecast. The gap between gross potential and reported revenue is where diligence starts.

What if I do not have all six inputs?

Leave them blank. Blank inputs are Missing evidence, never zero. The tool computes what the record supports and names what is missing, with an owner and a due date for each gap.

AS-02Live Diligence Working Paper

60-Second Deal Screener

Six numbers, one posture. The screen shows what the record supports before you spend time on a call. Establish what is true before you underwrite the deal.

8 inputs · about 60 seconds· runs in your browser

How to read this page

VerifiedBroker-reportedMissing evidenceUnderwriting assumptionCalculatedUnresolved

What you type starts as Broker-reported. Mark it Verified only when you can point to the source. What the tool computes is Calculated. Missing is named, never zeroed.

Deal name (keeps each deal's work separate)

The six numbers

Asking price

Site / pad count

Average lot rent (monthly)

Reported occupancy (%)

Reported T12 NOI

Annual expense total

Context

Asset type

Drives the expense sanity band. An Underwriting assumption, not a fact about this deal.

Walk-away cap floor (%) (optional, from your Walk-Away Pact)

Leave blank if you have not set one. With a floor, a cap rate under it is a Walk on the record.

What the numbers say

Implied cap rate

T12 NOI / asking price

n/a

Price per pad

Asking price / site count

n/a

Gross potential annual rent

Site count x average lot rent x 12

n/a

Expense ratio

Annual expense total / gross potential annual rent

n/a

Illustrative sanity band used by this tool for MHP: 35-45%. It is a tool assumption, not a market benchmark or verified data, and the band itself is fixed in this tool: n/a% cannot be banded until expenses and rent are entered.

Close the gaps

6 of 6 inputs are Missing evidence: Asking price, Site / pad count, Average lot rent, Reported occupancy, Reported T12 NOI, Annual expense total. Name who gets them and when.

Evidence owner

Due date

Outputs are Calculated. Mark each input Verified only when you can point to the source.

Evidence-readiness posture

Pause

The record supports Pause: 6 of 6 inputs are Missing evidence: asking price, site / pad count, average lot rent, reported occupancy, reported t12 noi, annual expense total.

Calculated from your inputs. Nothing here is verified until you verify it. The human decides.

Advance, Retrade, Pause, and Walk are evidence-readiness labels. They are not recommendations, approvals, or advice.

Keep the record

Get the PDF

The tool is free to use. Email is only asked when you save or export. Your numbers stay in your browser until you choose to move them.

Questions

The Acquisition Workspace

A sixty second screen is not a decision.

Running a live deal? The Acquisition Workspace keeps the full record in one place.

Bring this deal to the fit call.

One tool settles one question. The record is where the settled questions add up to a decision.

Free RV park due diligence checklist Anatomy of a Broker Package

60-Second Deal Screener

A sixty second screen is not a decision.

Screening numbers