Building Details

Year Built 1970

Tenancy Multi

Listing Agency: Vanessa Stone Real Estate

Listed By: Vanessa Stone Show Phone

Source: Bigislandre

Added: Mar 8 Changed: Sep 3 Last Checked: Sep 2 at 7:55PM

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Investment Insights

Based on property information with market context.

This for-sale mobile home income property features two rental units. The primary 2-bedroom, 1-bath mobile home includes a spacious living area, dining space, kitchen, and an entry room, along with storage shed and additional outdoor storage. Attached to the home is a separate 1-bedroom, 1-bath unit, creating a practical configuration for ongoing rental income.

The property is set in a rural country setting in Canaan and includes Rinnai propane heating, vinyl siding, and a durable metal roof. Utilities and site services are supported by a private septic system and a drilled well. Please note the driveway is steep; use caution when viewing.

Key Highlights

• Multi‑family mobile home property with two units: a 2‑bedroom, 1‑bath unit plus an attached 1‑bedroom, 1‑bath unit
• Both units are currently rented
• Rinnai propane heating, vinyl siding, and a metal roof

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$13,410

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

5.16%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$268,200 $268.2K

Cap Rate 7%

$191,571 $191.6K

Cap Rate 9%

$149,000 $149.0K

Market Conditions

NOI Build-Up for 1,475 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$25.7K $17.40/SF

− Vacancy

−$1.3K −$0.87/SF

EGI

$24.4K $16.53/SF

− OpEx

−$11.0K −$7.44/SF

NOI

$13.4K $9.09/SF

Area

Grafton County, NH

Vacancy

5.00%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$268,200

Cap Rate 7%

$191,571

Cap Rate 9%

$149,000

Alternative Uses

Best Use

Apartment 5plus

$191.6K

$167.6K – $223.5K (±1% cap)

NOI $13,410 @ 7.0% cap · market cap 5.16%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$324.5K

$283.9K – $378.5K (±1% cap)

NOI $22,712 @ 7.0% cap · market cap 8.74%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Bakery Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Explore this area Business Placement

Demographics for 03741, NH

4,071

Population

2,171

Households

1.9

Avg Household Size

47

Median Age

27%

College-Educated

91%

High-School Grad

76.4 sq mi

ZIP Area

53

Density / Sq Mi

$78,523

Median Household Income

$47,628

Median Earnings

$1,108

Median Rent

$241,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Mobile home property with a separate attached 1-bedroom unit, both currently rented, plus private septic and drilled well.

Where is this mobile home & rv park located?

The property is located at 557 Fernwood Farms Road Canaan, NH.

What is the asking price?

The asking price for this property is $259,900.

What are key features of this property?

This property features: Multi‑family mobile home property with two units: a 2‑bedroom, 1‑bath unit plus an attached 1‑bedroom, 1‑bath unit; Both units are currently rented; Rinnai propane heating, vinyl siding, and a metal roof