This mobile home in Strafford, MO offers solid rental potential with an estimated monthly rent range of $1,050-$1,550, generating annual revenue between $12,600-$18,600. With a purchase price of $85,000, the payback period falls between 4.6-6.7 years, which is quite attractive. The property's custom upgrades including PEX piping and metal roof provide long-term value, while the spacious two-car garage is a definite plus. However, the 'handyman special' designation and lack of current HVAC system will require upfront investment to maximize rental potential.
To maximize rental income, complete the necessary renovations focusing first on installing an HVAC system and ensuring water service is connected. The detached two-car garage is a valuable selling point, so highlight this in marketing materials. Consider upgrading kitchen appliances and bathroom fixtures to justify rents at the higher end of the range. If selling, emphasize the low entry price point and potential for equity building through strategic improvements that could boost the property value well beyond the current $85,000 asking price.