One Acre Trailer Park · Property detail

Lots

20 park-owned · 10 tenant-owned · 3 vacant spaces

Occupancy

19/33 57.6%

rent roll 10/27/2026

Lease rent (occupied)

$7,435/mo

scheduled, rent roll 10/27/2026

NOI (T12 avg)

$3,977/mo

after property tax + placeholder insurance

Cash flow after debt (T12 avg)

-$254/mo

DSCR 0.94x incl. all debt

Lots and occupancy

33 lots: 19 occupied, 14 vacant (57.6% occupied). 20 park-owned, 10 tenant-owned, 3 vacant spaces (no home). Ownership from the Gilmore rent roll tags (10/27/2026). Lot 24 (Daniel Parra) balance owed: Pending.

Lot	Ownership	Tenant	Status	Lease rent	Market rent	Deposit	Move-in	Tags
1	Park Owned	Irvin A. Alvarez	Occupied	$750.00	$750.00	$600.00	09/24/2024	Park Owned Unit
2	Tenant Owned	n/a (vacant)	Vacant	n/a (vacant)	$750.00	$0.00	n/a (vacant)	Tenant Owned Unit
3	Tenant Owned	Ruben Diaz	Occupied	$250.00	$250.00	$0.00	12/01/2021	Tenant Owned Unit
4	Tenant Owned	Domingo Dominguez	Occupied	$295.00	$245.00	$0.00	12/01/2021	Tenant Owned Unit
5	Park Owned	n/a (vacant)	Vacant	n/a (vacant)	$650.00	$0.00	n/a (vacant)	Park Owned Unit
6	Park Owned	n/a (vacant)	Vacant	n/a (vacant)	$450.00	$0.00	n/a (vacant)	Park Owned Unit, not habitable
7	Park Owned	n/a (vacant)	Vacant	n/a (vacant)	$450.00	$0.00	n/a (vacant)	Park Owned Unit, not habitable
8	Tenant Owned	Pedro Encinas	Occupied	$270.00	$270.00	$0.00	12/01/2021	Tenant Owned Unit
9	Park Owned	n/a (vacant)	Vacant	n/a (vacant)	$400.00	$0.00	n/a (vacant)	Park Owned Unit, not habitable
9.5	Park Owned	n/a (vacant)	Vacant	n/a (vacant)	$350.00	$0.00	n/a (vacant)	Park Owned Unit, Not Habitable
10	Park Owned	Oscar Trejo Lopez	Occupied	$200.00	$350.00	$200.00	05/15/2024	Park Owned Unit
11	Park Owned	n/a (vacant)	Vacant	n/a (vacant)	$450.00	$0.00	n/a (vacant)	Park Owned Unit, not habitable
12	Park Owned	n/a (vacant)	Vacant	n/a (vacant)	$475.00	$0.00	n/a (vacant)	Park Owned Unit, not habitable
13	Park Owned	n/a (vacant)	Vacant	n/a (vacant)	$450.00	$0.00	n/a (vacant)	Park Owned Unit, not habitable
14	Tenant Owned	Martha Valenzuela	Occupied	$300.00	$300.00	$0.00	12/01/2021	Tenant Owned Unit
15	Park Owned	Jose Nunez	Occupied	$300.00	$300.00	$0.00	12/01/2021	Park Owned Unit
16	Park Owned	Ruemer I. Coronado Perez	Occupied	$450.00	$450.00	$400.00	11/08/2025	Park Owned Unit
17	Park Owned	Lesley L. Alvarez Bojarin	Occupied	$495.00	$495.00	$400.00	10/01/2025	Park Owned Unit
18	Vacant space (no home)	n/a (vacant)	Vacant	n/a (vacant)	$400.00	$0.00	n/a (vacant)	Space avalble, Need new Electric meter
19	Vacant space (no home)	n/a (vacant)	Vacant	n/a (vacant)	$300.00	$0.00	n/a (vacant)	Space avalble, Needs new electric meter
20	Vacant space (no home)	n/a (vacant)	Vacant	n/a (vacant)	$350.00	$0.00	n/a (vacant)	Space avalible, Needs new electric meter
21	Park Owned	Virginia Fonseca	Occupied	$600.00	$600.00	$500.00	02/02/2024	Park Owned Unit
22	Park Owned	Diana N. Motter-Ortiz	Occupied	$500.00	$500.00	$400.00	08/08/2025	Park Owned Unit
23	Tenant Owned	Lisbeth Castro	Occupied	$250.00	$250.00	$0.00	12/01/2021	Tenant Owned Unit
24	Tenant Owned	Daniel Parra	Occupied	$300.00	$300.00	$0.00	12/01/2021	Tenant Owned Unit
25	Park Owned	n/a (vacant)	Vacant	n/a (vacant)	$500.00	$0.00	n/a (vacant)	Park Owned Unit
26	Tenant Owned	Rosa Sanchez	Occupied	$300.00	$300.00	$0.00	12/01/2021	Tenant Owned Unit
27	Park Owned	Jaqueline Carrillo	Occupied	$475.00	$500.00	$400.00	12/16/2025	Park Owned Unit
28	Park Owned	n/a (vacant)	Vacant	n/a (vacant)	$500.00	$0.00	n/a (vacant)	Park Owned Unit, not habitable
29	Park Owned	Alma Clymer	Occupied	$750.00	$750.00	$600.00	08/19/2026	Park Owned Unit
30	Tenant Owned	Nohemi Reyes	Occupied	$300.00	$300.00	$0.00	12/01/2021	Tenant Owned Unit
31	Tenant Owned	Jose Bojorquez	Occupied	$300.00	$300.00	$0.00	12/01/2021	Tenant Owned Unit
32	Park Owned	Maria Rita Amador	Occupied	$350.00	$350.00	$0.00	12/01/2021	Park Owned Unit

Gilmore AppFolio rent roll as of 10/27/2026. Lease rent is scheduled rent, not cash received; n/a (vacant) = no tenant, lease or move-in for a vacant lot.

Income

Lot rent received (net of NSF reversals)	Current	Prior year	YoY
Monthly: Sep 2026 vs Sep 2025	$7,308.74	$7,418.00	-1.5%
T12: Oct 2025-Sep 2026 vs Oct 2024-Sep 2025 (11 months each)	$83,669.80	$73,552.60	+13.8%
Same 10 calendar months in both years (excl. Oct and Mar)	$75,426.80	$66,787.60	+12.9%

T12 monthly average $7,606.35. Mar 2025 and Oct 2025 statements: Pending (not estimated), so each 12-month window has 11 months of data.

NOI (after property tax and placeholder insurance)

View (per month)	Operating income	Statement expenses	Statement NOI	Property tax	Insurance (placeholder)	NOI
Monthly, Sep 2026	$7,343.74	($2,732.12)	$4,611.62	($120.40)	($91.21)	$4,400.01
T12 monthly average (Oct 2025 - Sep 2026, 11 months; Oct 2025 statement Pending)	$7,659.98	($3,470.96)	$4,189.02	($120.40)	($91.21)	$3,977.41

Owner-paid utilities (water, sewer, trash) and other owner-paid expenses: Pending (requested from accounting; not included).

Seller-carry note

Lender	Ruben Diaz (payee); serviced by Stewart Title & Trust, file 1226661
Original principal	$500,000.00
Note date	7/29/2021
Interest rate	6.00% fixed
Payment	$3,582.16/mo P&I + $13.00 servicing fee = $3,595.16 paid (first payment 9/3/2021)
Term / maturity	20 years, fully amortizing; matures 8/3/2041; no balloon
Prepayment	No prepayment penalty
Late charge	$350.00 if more than 15 days late
Due on sale	Yes
Balance	$421,270.23 as of 10/28/2026

Details

Confirmed current as of 10/28/2026 (Heidi). Scheduled balance after 62 payments is $421,571.02, so the loan is $300.79 ahead of schedule. A separate 2nd lien of $127,512 (Finlayson) on the closing statement is PAID IN FULL per Heidi and not included in debt. Paid outside the property manager (not in the Gilmore statements). Terms from the signed note (OCR verified).

Loan #29 (to Gilmore Real Estate & Management)

Terms	$10,500.00 at 0% over 6 payments of $1,750.00 (Jimmy Gilmore email 10/27/2026): Gilmore bought and remodeled trailer #29 and sold it to One Acre
Paid	$8,750.00 (5 payments, Jul-Oct 2026, incl. the Sept duplicate of July; no refund per Heidi 10/28/2026)
Remaining	$1,750.00, final payment Nov 2026, completing $10,500.00

Statement month	Payment
2026-07	$1,750.00
2026-08	$1,750.00
2026-09	$1,750.00
2026-09	$1,750.00
2026-10	$1,750.00

Debt service, cash flow and DSCR

View (per month)	NOI	Seller carry	Loan #29	Total debt service	Cash flow after debt	DSCR
Monthly, Sep 2026	$4,400.01	($3,595.16)	($3,500.00)	($7,095.16)	($2,695.15)	0.62x
T12 monthly average (Oct 2025 - Sep 2026, 11 months; Oct 2025 statement Pending)	$3,977.41	($3,595.16)	($636.36)	($4,231.52)	($254.11)	0.94x

DSCR = NOI / total debt service. NOI is after property tax and placeholder insurance.

Property tax

APN / account	632-51-055 / R0096274
TY2026 tax	$1,444.84 ($722.42 per half) · $120.40/mo in NOI
Status	1st half $722.42 PAID per accounting 10/28/2026 (not yet posted at county treasurer as of 10/28 11:40 AM MDT)
Due / delinquent	1st half due 10/1/2026, delinquent after 5pm 11/2/2026; 2nd half $722.42 due 3/1/2027, delinquent after 5/1/2027

Payment history

TY2025 2nd half paid late with interest (8/13/2026, $39.10); TY2024 paid on time (10/28/2024).

Source: Yuma County Treasurer (record). Owner-paid; not in the Gilmore statements.

Insurance Placeholder

Current policy	Pending (term expected 9/30/2026-9/30/2027, to be confirmed)
Placeholder source	2024-25 Scottsdale Indemnity quote QT-05075650 (renewal of CPI7215510), via Colonial General / Schofield Family Insurance
Coverage	General liability only; $1M per occurrence / $2M aggregate; $500 deductible
Premium	$935.00
Policy fee	$125.58
Surplus lines tax	$31.82
Stamp fee	$2.12
Total	$1,094.52/yr · $91.21/mo in NOI

Fees split pro rata by premium (One Acre 935/1303, Alamo 368/1303).

Refinance timing

The note is 6% fixed and matures 8/3/2041 with no prepayment penalty, so it can be refinanced at any time without a penalty.
Refinancing becomes worthwhile if market rates fall below 6% (net of closing costs), or to take cash out.
With no balloon, there is no forced refinance date; the loan pays off on schedule by 8/3/2041.
Current market rates for mobile home park loans: Pending
Lender appetite: Pending

Based only on the confirmed note terms; no market rate is assumed.

CapEx and repairs, Nov 2024 - Oct 2026

From Gilmore statement transactions (CapEx and Repairs accounts). Oct 2026 is month-to-date; Mar 2025 and Oct 2025 statements Pending. Descriptions are excerpts of the statement memo.

Date	Lot	Account	Description (statement memo)	Amount
11/18/2024		CapEx - Appliances	Appliance (M & M Appliances), lot 9	$250.00
12/13/2024		CapEx - Appliances	Appliances	$250.00
12/13/2024	23	Repairs - Other	Pre-payment for new electrical panel material (SR Electric Services)	$1,200.00
12/13/2024		Repairs - Other	electrical repair	$322.00
01/15/2025	1	Repairs - Plumbing	Plumbing (Quick Refrigeration Co.)	$450.00
02/03/2025	23	Repairs - Other	electrical repairs	$700.00
06/27/2025	2	Repairs - Other	trailer 2 electrical water	$123.48
07/23/2025	32	Repairs - Other	Per HUD inspection fix walls, from	$1,500.00
07/30/2025	32	Repairs - Plumbing	fix crack shower, crack toilet fix water	$2,100.00
08/06/2025		CapEx - Appliances	whirlpool range	$280.00
08/06/2025		CapEx - Appliances	fridge	$280.00
11/07/2025	16	Repairs - Plumbing	replace water heater and flex	$850.00
11/07/2025		Repairs - Plumbing	check water leak in bathroom/	$125.00
11/07/2025	27	Repairs - Other	change locks	$75.00
12/20/2025		CapEx - Appliances	stove and refrigerator	$560.00
01/28/2026	1	Repairs - Plumbing	replace water heater, flex hoses,	$1,000.00
01/28/2026	15	Repairs - Plumbing	replaced water heater element	$175.00
03/06/2026	5	Repairs - Other	Fix outlet/install new outlet	$120.00
03/11/2026	22	Repairs - Plumbing	turn on water main	$100.00
03/11/2026	32	Repairs - Plumbing	unclogged toilet	$80.00
03/11/2026	9	Repairs - Plumbing	fix broken water main	$200.00
03/11/2026	15	Repairs - Other	replaced window ac/replace water	$600.00
03/11/2026	16	Repairs - Plumbing	fixed water main broken pipe	$200.00
03/11/2026	30, 31	Repairs - Other	New electrical panel for units 30 and 31 (GNT Services, check 1188). A second $2,200.00 GNT payment for units 30 and 31 follows on 03/31/2026; whether it is a duplicate is Pending	$2,200.00
03/11/2026	29	Repairs - Plumbing	fixed broken pipe from water main	$200.00
03/25/2026		Repairs - Other	Pole replacement (GNT Services)	$1,600.00
03/31/2026	30, 31	Repairs - Other	Units 30 and 31 (GNT Services, eCheck). Possible duplicate of the 03/11/2026 payment: Pending	$2,200.00
04/15/2026		Repairs - Plumbing	one acre back flow	$48.00
08/10/2026		Repairs - HVAC	New window AC unit (Hector Rubio)	$430.00
08/26/2026	29	CapEx - Appliances	Replace fridge #29 (Hector Rubio)	$150.00
08/27/2026	29	CapEx - Appliances	New fridge #29	$700.00
08/27/2026	29	CapEx - Appliances	5k BTU window unit #29	$250.00
09/08/2026	32	Repairs - Other	New AC window unit, fixed 2 outlets	$250.00
09/08/2026	29	Repairs - Plumbing	fix broken pipes from water main	$175.00
09/30/2026	27	Repairs - Plumbing	fixed broken pipe, replaced water	$150.00
10/07/2026		Repairs - Plumbing	backflow Serial # ABY 2885	$48.00
10/15/2026	15	Repairs - Other	Changed locks	$125.00
10/15/2026	15	Repairs - Other	Checked water heater, replaced damaged switch	$75.00
Jul-Nov 2026	29	Trailer #29 remodel / purchase	Bought and remodeled by Gilmore, sold to One Acre for $10,500.00 at 0% (paid via loan #29 above, not an operating expense)	$10,500.00
Total CapEx and repairs in statements				$20,141.48

Not in the statements:

Rehab or replacement of the 8 park-owned homes tagged not habitable (lots 6, 7, 9, 9.5, 11, 12, 13, 28): scope and cost: Pending
New electric meters needed for spaces 18, 19 and 20: cost: Pending
Water sub-meters: about 10-12 installed, Gilmore says 15-20 are needed to justify bill-back; cost estimate for the rest: Pending
Whether the two $2,200.00 GNT Services payments for units 30 and 31 (03/11/2026 and 03/31/2026) are a duplicate: Pending

Cash basis from Gilmore owner statements. Pending = data not yet received; nothing is estimated.