Need Help Analyzing this Property

[Anita Morrish]

Hi, we just bought this property and it's a little unique. I need help figuring out how much to analyze cash flow now that we've seen parts that we weren't able to inspect...

We bought a property 1/2 acre, it has a 2/1 home  and a mobile home on the property.

The home was being rented at 1500/mo.   ,  the mobile home was 1,050/mo.   We're going to owner occupy the house and rent out the mobile home.

Purchase price: 208k @ 6.5% ,  closing costs around 15k  for everything (we're basically getting the mobile home free as it's not included in the loan purchase, it will be separate bill of sale for $0.  Appraisal on property came back $1k  over the purchase price

We met the tenants and was looking at the mobile home (we weren't able to get it inspected like the house)  and its going to need repairs.  There's some leaks from the roof and below and will need some AC/heat - thinking of doing mini splits,  the kitchen needs to be rehabbed and some cosmetic stuff like paint and carpet.  Basically the previous landlords/owners never did any work and I think it needs to be fixed up to be liveable.

After closing, we'll have about $15k we could put towards repairs -  good news is tenant (who we'd like to keep) is willing to live there while repairs are done and doesn't have to be done at one time. I'm thinking ANY improvements will be better to them.

Anyway, my question is how to go about figuring how much we should rent after doing repairs. How do you come up w/those numbers?  I'm not quite sure how to put that into the rental calculator because it won't add any after repair value to the property itself.