Investment Rental in Tigard Oregon

Most people looking to live in a tiny home are likely looking to save money, making it easy to find a tenant if you rent out the space in an area lacking in housing.

Steven Arms, owner of the blog ‘A Grand Idea,’ did exactly that.

Starting with the goal of creating reoccurring income, Steven analyzed his local housing market. While there were many comparables in terms of square footage, he acknowledged that most of those rentals were apartments, not detached structures – giving his rental an advantage.

In Steven’s case, he believed he could conservatively put his ADU up for rent for $1000 per month, with some additional attention garnered from the fact that it was the first ADU to be permitted in his city.

After some research, Steven decided to move forward with his project by purchasing a turn-key modular home from Wolf Industries.

He points out that, “In addition to producing cash flow each month, renting out the ADU will be paying down a principal because we have a mortgage on it.”