Coin operated machines- whats fair to charge

[Gladys Cepeda]

I set up brand new coin operated  washer and dryers in the basement of my 3 family property.  We refinished the basement n its really nice down there! We want to be fair in pricing and dont want to rip anyone off but we also want to start paying down these very expensive speed queen machines.

I was advised to check out local laundromats for prices. The closest charges 3.75 for a very small wash

4.75 for a good size wash

25 cents for 8 min. To dry so about 1.25 for 40 min which is typical amount needed to dry. 

The average wash for one load would be 5.00 to wash n dry for at least 40 min. For small and 6.00 for a larger size. 

the other laundromats are similar an even higher....

My tenants electricity is connected to these machines n each tenant has their own set of machines noone else would be able to use them. I would of course pay the water bill. 

So...this was what someone suggested but wanted more opinions on this.

I was told to charge 3.50 wash and 1.25 to dry? 

Its about 25-75 cents less than laundromat nearby and beats the convenience of having access to laundry in basement. The capacity load on our washer is also larger than the laundromats smaller machine. So they can wash more clothes per wash in ours.

Anyway need to make this decision asap please provide input. And no im not trying to rip anyone off, plz be gentle with your responses if you choose to respond as this is a brand new venture and im still  learning!! Thank u. Much input is much appreciated.