How much is my guest house worth?

Chris D: How much is my guest house worth?
A couple years ago, my wife and I renovated a guest house on our property, and are now earning about $ 900/mo in rent, which gives us an extra $ 9,000 per year in pre-tax income. We are in the early stages of planning a move. Our regular house — assigning zero value to the guest house — would probably sell for $ 625,000. How much extra should we add to the asking price of the house to take into account the rental income from our guest house?

Answers and Views:

Answer by Marfield B
its easy look up to google check your area code and find which house suits you.

Answer by goz1111
if it is a legal unit, then i would go with the rental amount per year multiple by say 7 to 10 depending on your area

Answer by Nancy
I would say $ 700k-725k for both. If the guest house is at least 3br/1.5 bath, I may even suggest as high as $ 175k additional if it is in a very pricey neighborhood.

Good luck with it!