Published: 2022-01-18
Status:
Available
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Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker predicts that the rental price for the tiny home will increase to approximately $500 per month following the coronavirus pandemic.
"my post coronavirus pricing is going to increase the cost on this to i'm guessing about 500"
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The tiny home was previously rented for $400-$425 per month.
"we've been renting this one for about 400 425 dollars a month"
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Two-bedroom houses in the same neighborhood are renting for $1200-$1400 per month.
"the last two bedrooms that i've seen are renting for twelve to fourteen hundred dollars per month in this this very specific neighborhood"
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The speaker believes $500 per month is a good deal for the tiny home, considering other rentals in the area.
"so i feel like i'm going to save people and give them a deal at 500."
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The speaker reiterates the $500 per month rental price for the tiny home and questions if the quality is acceptable for that price.
"but it's 500 bucks a month so let me know is this quality something that you would expect for 500"
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The speaker anticipates finding a suitable tenant for the tiny home soon.
"and we're hoping to get a better tenant in here any day now"
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The speaker considers the tiny home a good investment opportunity and seeks viewer opinions.
"this is a pretty interesting deal um let me know what you think in the comment section"
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The speaker invested $15,000-$20,000 in the tiny home, which they have owned since 2015.
"because i only have fifteen twenty thousand dollars in it and i've owned it for since 2015."
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The average size of an American home has increased from 1000 sq ft post-WWII to over 2600 sq ft currently.
"in the years post-world war ii the average american home was only a thousand square feet today it's over 2600."
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A normal-sized house in the neighborhood would generate $1500 annually in property taxes, while the tiny house would only generate $400.
"fifteen hundred a year versus four hundred a year"
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In Cleveland, Ohio, a tiny house can only be built if it is on a lot with a main house that is at least 950 square feet.
"you just have to put them on a lot with a big giant house and that house has to be by law a minimum of 950 square feet"
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Based on Cleveland's minimum 950 sq ft requirement and the average cost per square foot, a qualifying home would cost over $145,000.
"if we would take the city of cleveland ohio and we would multiply their minimum square foot of 950 by the average price per square foot you would end up with a little over 145 000"
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If a home in Cleveland were half the size of the minimum requirement (approximately 475 sq ft), its estimated cost would be around $70,000.
"but what if it was half that well you would end up with a total of around seventy thousand dollars for a home"
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The tiny home is currently generating $400-$425 per month in rental income.
"we've been renting this one for about 400 425 dollars a month"
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The speaker predicts the rental price for the tiny home will rise to approximately $500 per month after the pandemic.
"my post coronavirus pricing is going to increase the cost on this to i'm guessing about 500"
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Two-bedroom homes in the immediate vicinity are fetching rents between $1200 and $1400 per month.
"the last two bedrooms that i've seen are renting for twelve to fourteen hundred dollars per month in this this very specific neighborhood"
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The speaker views the $500 monthly rent for the tiny home as a favorable offer to potential tenants.
"so i feel like i'm going to save people and give them a deal at 500."
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The speaker questions whether the current quality of the tiny home aligns with the $500 monthly rental price.
"but it's 500 bucks a month so let me know is this quality something that you would expect for 500"
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A new staff member, Kim, is improving the tenant selection process.
"she's really helping us get better tenants"
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The speaker has owned the tiny home since 2015.
"i've owned it for since 2015."
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The total investment in the tiny home is between $15,000 and $20,000.
"i only have fifteen twenty thousand dollars in it"
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