Updated almost 7 years ago on . Most recent reply
Tiny Home AirBnB Rental
Hi all, I'm looking for general feedback, do's and don'ts for an idea, and if someone has any experience in the area.
I have a small 50x50 lot in Coeur d Alene, ID. It's not buildable for conforming home, so I was thinking about developing the lot into a space for a tiny house, and then renting on AirBnB.
The lot is not improved, but in the city with all utilities at street - in my mind, this would be like developing a one-space mobile park...bring in utilities, a pad and some landscaping.
I'm not sure if the City will allow this idea, but I have contacted to city to inquire.
Here are my calculations
| Costs | |
| Tiny Home | $ 55,000.00 |
| Hookup Fees (City) | $ 10,000.00 |
| Hookup Costs (Contractor) | $5,000.00 |
| Landscaping | $4,000.00 |
| Initial Home Treatments | $2,000.00 |
| Total | $ 76,000.00 |
| AirBnB Calculation | |
| Estimated Income (per AirBnB Site) | $ 2,100.00 |
| Nights | $20.00 |
| Cost per Night | $ 105.00 |
| $ 2,100.00 | |
| Monthly Expenses | |
| AirBnB Fee @ 3% | $63.00 |
| Management Fee @10% | $ 210.00 |
| W/S/G | $95.00 |
| Loan Payment | $ 544.00 |
| Landscape | $ 100.00 |
| Misc. Maintenance | $ 100.00 |
| $ 1,112.00 | |
| Monthly Difference (Income or Loss) | $988.00 |
| Yearly | $ 11,856.00 |