2003 single-wide, sold with seller financing
In a mobile home park · Bought for $10,000, renovated for $2,000, sold for $55,000 with $10,000 down at 6%
Projected vs collected: projected figures assume the buyer makes every payment on schedule. Cash you actually collect is tracked separately from the payments you record. Two IRRs (yearly returns): the total deal IRR counts all your cash from the day you buy the home. The remaining note IRR counts only the cash still in the deal after the down payment, so it's usually much higher.
Where the money goes $13,713 invested
| Purchase, closing, park and moving costs | $10,100 |
| Renovation | $2,000 |
| Contingency | $0 |
| Holding costs until the sale | $1,563 |
| Costs at the sale (note prep, title, servicer set-up) | $50 |
| Total cash invested | $13,713 |
| Down payment received | $10,000 |
| Financed to the buyer | $45,000 |
Amortization and early payoff 64 payments
| # | Payment | Interest | Principal | Balance | Profit if paid off now |
|---|---|---|---|---|---|
| 1 | $825.00 | $225.00 | $600.00 | $44,400.00 | $41,513 |
| 2 | $825.00 | $222.00 | $603.00 | $43,797.00 | $41,735 |
| 3 | $825.00 | $218.99 | $606.01 | $43,190.99 | $41,953 |
First 3 of 64 payments. Subscribers see every month.
Closing Pro · example
What a subscriber sees once a buyer is under contract: the park application, their own screening of a buyer they finance, and every step to closing. Illustrative steps; requirements vary by state.
Park application: Approved in 9 days · fee paid by buyer
Your screening: Approved · RentPrep: passed
- ✓ ID checked
- ✓ Income verified (pay stubs, bank statements or benefit letter)
- ✓ Employment confirmed
- ✓ Rental / lot-rent history or landlord reference
- ✓ Credit and background check (screening service)
- ✓ Down payment funds confirmed
Payment + lot rent: 31% of the buyer's stated income
Note payments Pro · example
A subscriber records each payment; the app splits it into interest and principal, keeps the balance and payoff, and flags late payments and late fees (tracking only, nothing is sent to the buyer). This shows the note's first six payments.
| Payment | Amount | Applied to | Principal after |
|---|---|---|---|
| #1 | $825.00 | Interest $225.00 · Principal $600.00 | $44,400.00 |
| #2 | $825.00 | Interest $222.00 · Principal $603.00 | $43,797.00 |
| #3 | $825.00 | Interest $218.99 · Principal $606.01 | $43,190.99 |
| #4 | $825.00 | Interest $215.95 · Principal $609.05 | $42,581.94 |
| #5 | $825.00 | Interest $212.91 · Principal $612.09 | $41,969.85 |
| #6 | $825.00 | Interest $209.85 · Principal $615.15 | $41,354.70 |
The maximum allowable offer
The most you could pay for the home and still pass all three example rules. Each rule allows a different price; the lowest one wins.
| Rule | Most you could pay |
| At least $20,000 profit | $38,963 |
| At least 150% ROI | $21,358 |
| At least 50% of your cash back at closing | $16,237 |
The investor paid $10,000, well under the limit. Why the cash-back rule is the tightest: the $10,000 down payment less $50 in closing costs puts $9,950 back in your pocket at closing. For that to be at least 50% of what you spent before the sale, you could spend at most $19,900 in total. Fees, renovation and holding cost $3,663, which leaves $16,237 for the home.
Cash sale or seller financing?
If the same home had sold for $40,000 cash instead:
| Cash flip profit | $26,338 (192.8% ROI) |
| Seller-financed profit | $48,964 |
| Cash still in the deal after the sale | $3,713 |
| All cash back by | month 5 |
The $40,000 cash price is for comparison only.
What if the buyer had stopped paying?
Subscribers can model a default at any month: payments received, legal and park costs, the principal still owed, and the outcome with and without getting the home back.
Start free with 3 home analyses. No card needed.
Projected figures assume every payment is made. These samples are shown for illustration; they aren't financial advice, and your results will differ.