Acquisitions and Disposals (Tables)

12 Months Ended

Dec. 31, 2021

Acquisitions and Disposals [Abstract]

Schedule of asset acquisitions from third parties and have been accounted for as asset acquisitions

Acquisition Date	Name (number of communities)	Land		Improvements			Building		Total Purchase Price
March 2020	Countryside MHP	$	152,880	$	3,194,245		$	352,875	$	3,700,000
March 2020	Evergreen MHP		340,000		1,111,000			-		1,451,000
	Total Purchase Price	$	492,880	$	4,305,245		$	352,875	$	5,151,000
March 2021	Golden Isles MHP	$	1,050,000	$	487,500		$	-	$	1,537,500
March 2021	Golden Isles Gvest		-		-			787,500		787,500
July 2021	Anderson MHP (10)		2,310,000		763,417(a	)		120,390		3,193,807
July 2021	Anderson Gvest		-		-			2,006,193		2,006,193
September 2021	Capital View MHP		350,000		757,064			-		1,107,064
September 2021	Capital View Gvest		-		-			342,936		342,936
September 2021	Hidden Oaks MHP		290,000		843,440			-		1,133,440
September 2021	Hidden Oaks Gvest		-		-			416,560		416,560
October 2021	North Raleigh MHP (5)		1,613,828		4,505,268			1,330,904		7,450,000
December 2021	Dixie MHP		59,133		658,351			32,516		750,000
December 2021	Driftwood MHP		53,453		352,163			19,384		425,000
December 2021	Meadowbrook MHP		410,421		781,379			133,200		1,325,000
December 2021	Asheboro MHP (2)		723,778		1,411,726			-		2,135,504
December 2021	Asheboro Gvest		-		-			614,496		614,496
December 2021	Morganton MHP		223,542		1,846,024			-		2,069,566
December 2021	Morganton Gvest		-		-			680,434		680,434
	Total Purchase Price	$	7,084,155	$	12,406,332		$	6,484,513	$	25,975,000
	Acquisition Costs		-		474,568			7,213		481,781
	Total Investment Property	$	7,084,155	$	12,880,900		$	6,491,726	$	26,456,781

Schedule of pro-forma information

	Unaudited
	For the Years Ended December 31,
	2021			2020
Total revenue	$	11,767,812		$	11,069,625
Total community operating expenses		4,220,200			4,133,478
Corporate payroll and overhead		3,013,810			1,581,807
Depreciation expense		3,181,404			3,068,380
Interest expense		3,102,659			3,021,533
Gain on sale of property		-			761,978
Other income		139,300			-
Net income (loss)	$	(1,610,961	)	$	26,405
Net loss attributable to non-controlling interest		(611,571	)		(349,943	)
Net income (loss) attributable to Manufactured Housing Properties, Inc.		(999,390	)		376,348
Preferred stock dividends / accretion		2,175,472			1,850,860
Net loss	$	(3,174,862	)	$	(1,474,513	)
Net loss per share	$	(0.24	)	$	(0.11	)