I own a small lot that has a Mobile home on it. Its paid for.
It was rented for $650 month but is now vacant. It needs approximately $6k of work done to it and a new survey for $1800. If I do the work, I could rent it for around $850-900 a month.
I was told by a realtor I could sell it as is for around $65k. I would have to pay for some legal expenses for deed work, etc and relator fee so,I would net around $55k .
trying to determine what makes most long term financial sense.
At $850–$900/mo, you’re looking at ~$10,200–$10,800 gross annually.
Even after setting aside reserves, vacancy, and maintenance, that’s a strong return on a relatively small capital outlay.
You keep the asset, benefit from long-term rent growth, and avoid triggering a sale.
Option 2: Sell as-is
Netting ~$55k gives you liquidity and zero headaches.
That capital could be redeployed into another deal, pay down debt, or sit in something more passive.
The trade-off is giving up a paid-off cash-flowing asset that likely continues to perform better over time than many alternatives.
The questions I’d ask myself:
Do I want ongoing cash flow or a lump sum right now?
Am I comfortable managing a mobile home (or paying someone to)?
What would I realistically do with the $55k that outperforms this long term?
How old is the unit and what does the next 5–10 years of maintenance look like?
If you don’t need the capital and the unit is structurally solid, fixing and renting often wins on a long-term wealth basis. If simplicity, time, or redeploying capital matters more, selling can still be a perfectly rational move.
Run the numbers both ways—and then pick the option that best supports your bigger picture goals, not just the spreadsheet.