Yes, it could make sense in the grand scheme of things.

There is no water, kitchen, or bathroom in the garage room.

A few thoughts - 4.8% is a pretty solid rate in the grand scheme of things.

There isn't much room for rehab at that price point but plenty of room for expansion on the lot being that it's flat.

There isn't much room for rehab at that price point but plenty of room for expansion on the lot being that it's flat.

There isn't much room for rehab at that price point but plenty of room for expansion on the lot being that it's flat.

Now I really value good active maintenance, so, I think it just makes sense to pay my tenants an active maintenance voucher of about $4,500.00 per month, per sleeping room, for quality upkeep being done. 

I lease out individual rooms in a rental house.

No room for value add.NOI is around $180kTypically a C Class property would be a higher cap rate like 6%+.

The downstairs apartment (mine) will be getting an outdoor room installed, so it's a little more involved than standard deck.