What does a rent cap actually cost your MHP exit?

Interest-only debt is assumed for clarity — amortization narrows the gap slightly through principal paydown but does not change the rent-cap thesis. Park-owned home value is added flat at exit (not capitalized), consistent with how lenders and disciplined MHP buyers treat the POH contribution. Park-owned home rent grows at the open-market rate in both scenarios, since a lot-rent cap regulates lot rent only, not home rent. The headline figure is the difference in net sale proceeds at exit; the capped scenario also produces lower interim cash flow each year, so the IRR delta is the fuller measure of the cap's cost. This tool is for illustration, not investment advice. For full-scenario underwriting including amortizing debt, waterfall, IRR sensitivity, and investor packets, see the UWmatic platform.