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Samson, Both Buyer and Seller in Tampa, FL

How much does a mobile home depreciate. What percentage?

Asked by Samson, Tampa, FL Wed Mar 31, 2010

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Scott's answer is good. And I assume you're talking about actual depreciation--actual value--and not taxes. If you're talking about it from a tax standpoint, see an accountant.

As a practical matter, most mobile homes have a lifespan of about 30 years. Some won't last as long. I've seen others last longer. So, on average, about 3%-3.5% a year, though it's not a straight line. Just like a car, there will be more depreciation at the beginning. It's not quite as bad as a car, but the depreciation is a bit faster in the first few years.

Hope that helps.
0 votes Thank Flag Link Wed Mar 31, 2010
Don Tepper, Real Estate Pro in Burke, VA
MVP'08
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If you are looking from a tax perspective, then residential rental would be 27.5 straight line
Web Reference: http://www.dwellintampa.com
0 votes Thank Flag Link Wed Mar 31, 2010
There are too many variables to quote a percentage such as if it is new know, a pre 1976, a wood frame, metal frame, sheetrocked walls or paneling and condition. It is also affected if it is on its own land, in a park, leased land or a coop. If you take it off teh land it will depreciate greatly if it is sold as is but it does add value if it is placed on a lot and if it is affixed permenately. I hope this can help you although i cant quote a percentage.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Wed Mar 31, 2010
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