We moved ours from boarding 5 horses @ $150 and 2 @ $200 each. That's a total of $1150 a month. We now rent an old farm house with a couple outbuildings. The outbuildings aren't the greatest, but they do keep the wind and rain off them if they need to get in.
House rent is minimal, but with 7 we feed hay year round. They are in paddocks and yes factor in manure removal. We either rent a skid loader and store it in a pile, then in the spring we will have the farmer come and clean it in the spring and he will take it and spread it on his fields. We buy minimal feed, some for our baby colt who is 8 months and some for the 2 older mares. The rest are all mountain horses which are very
Since you really can't figure in the cost of the house for rent they don't have any rent. Our cost is hay. They are broken into sets of 3 to a paddock so it works out to pretty much 4 1/3 bales a day. At $4 a bale we pay about $550 a month for hay. Feed runs around $50. That's a savings of $600 a month.
The rest you would have to pay for if you at the boarding facility so that wouldn't factor in.
The property looks fine for a horse as long as there is an outside water source beside the creek with a water hydrant, with the trees the horse already has shade and some protection from the elements so a small lean to would work to store hay and allow the horse a place to get in. I have noticed more and more people buying this drive in metal garages and closing them in for horse and hay storage.
The last part would be is this in a cold enough climate that you would need to heat the water in winter.
Have fun with your new horse!