Tiny Home AirBnB Rental

[Brandon Ely]

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