Mobile home on land. Is this a good deal?

[Amanda Good]

Hello, I am eyeing up a property that appears to be an excellent idea, and I am looking for some advice. I have never invested in any property before and am completely new to all of this.

The property is a 1995 doublewhide on .25 acre, located in a trailer park but you own the land. The list price is $29,900. The county assesed value is $80,000. I would think that I could rent this property for 700-800 per month.

To me that looks like an excellent deal. It seems I would have $50k plus equity from the start.

What do you all think?