Need help evaluating my investment 🙏

[Narayana Apparel]

I own mobile home in North Carolina that's located in a park on rented land. I bought for a deal because of the terrible state it was in. Got it all fixed, looking pretty nice and added appliances washer dryer etc.

Leaving it as a large 3bed 2 bath, I was getting offers for $35k-$40k.

But I figured I want to rent by the room (the local area has enough demand for low cost affordable housing). I split the house and it is now:

- 5bed 2 bath.

- Each room has rented for $560 + $40 utilities

- Grossing $3,000/month

💰NOI approx: $1,445 ($17,340/yr)

Evaluation:

💰 Conservative 16% Cap Rate: $108,375

💰Slight Premium 14% Cap Rate: $123,857

* Property Manager takes care of it all including maintenance, Owner pays Utilities, 1980 build

❓MY QUESTIONS: ❓

- Are Investors out there interested in an asset like this?

- Do you guys think this sale is feasible and realistic?

- What should I be keeping in mind while trying to develop this strategy and eventually selling?