Acres & Trailers

[Liz Lynn]

Hi all! Currently going through a property purchase and wanted to see what y'all think. 

4.25 acres of unrestricted land up by greenville sc. Comes with two trailers (a 1977 3b2b and a 1984 2b1b) already on it with utilities set up. It also has a double car port and a storage shed of the same size. I moved up here to get a bunch of land to house hack and the trailers are in livable condition. I have no experience on how to value land or trailers though.

It's 295k. 2% earnest money. I had trouble finding a bank that would do two dwellings and ended up with a loan requiring 25% down and a few upfront points with 7.5-8% interest rate depending on lock in day. How should one go about analyzing this? TIA!