Turn raw acreage into an income-producing asset
Landowner
You already own land and want the fastest, lowest-risk path to income or resale value.
The strategy
If you own land, you have already covered the single largest cost in most projects. The question becomes site work and utilities — evaluated and arranged with your own local professionals — and choosing a home that matches what your submarket will actually pay for. MHA helps with the home selection and pricing side.
- Verify zoning and setback rules before ordering
- Budget realistically for septic, water, and power
- Match home size to the highest and best use of the parcel
- Consider two homes on one parcel where zoning allows
Example economics
- land value
- $35,000
- cash on cash
- 14.0%
- monthly rent
- $1,400/month
- home and setup
- $118,000
Illustrative example only. Figures use hypothetical assumptions to demonstrate how an investor might evaluate a project. Actual home prices, site costs, rents, financing terms, and returns vary by project.
Get StartedUnderwrite it
Model the returns
Adjust the assumptions for your county and financing terms.
Project costs
Income & operating
Financing
Your numbers
Project analysis
Total project cost
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Monthly payment
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Monthly cash flow
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Cash invested $0
Cap rate
0.0%
Cash-on-cash
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DSCR
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Annual NOI
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Payback period
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Many investment-property lenders may look for a DSCR around 1.25 or higher. Requirements vary by lender and loan program.
Ready to get started with a home for your project?
Tell us about the home and project to discuss available options, volume pricing, ordering, and next steps. Site work, installation, foundation, utilities, permits, and other project costs are arranged independently by the customer.
Get StartedPlanning tool only. Project-cost assumptions are entered by the user. MHA sells manufactured homes and coordinates delivery; installation, foundation, site work, septic, utilities, permits, financing, and other project services are arranged independently by the customer.