Based on comps and local market data, a 3-bed, 2-bath, 1,404 sqft home in Fordland, MO, like this 2006 doublewide on 5.4 acres, typically rents for $1,200 to $1,600/month. This puts annual rental revenue potential between $14.4K and $19.2K. Given the $129,997 list price, the gross payback period is roughly 6.8 to 9 years—solid for an entry-level rural investment. The local market has cooled, with rents down year-over-year, but demand for larger homes with acreage is steady. Unique features here include a private well, septic, and additional RV pad—boosting appeal for tenants needing extra space or flexibility. The home needs some updates but sits on a large, flat lot, which is rare in the area. The main challenge is the manufactured home status, which can limit tenant pool and appreciation compared to stick-built properties.
To maximize rent, invest in cosmetic updates (flooring, paint, kitchen/bath refresh) and curb appeal. Consider fencing, landscaping, or adding storage to attract premium tenants or even those seeking a small hobby farm. If selling, highlight the acreage, RV pad, and expansion potential (room for more mobiles). Pricing should reflect both the rural setting and recent rental market softness, but the property’s flexibility is a strong selling point.