Let’s do some arithmetic. A 300 ft long 54 ft wide double haul barge cost $300,000. We will trim this down to allow for holding tanks for fuel and fresh water. We will use 40ft wide and 240 long.
Inside those tanks we could build eight 30X40 ft wooden houses. Just the frames are needed as the outside walls are covered by a steel ship. Insulation is a must. I can buy a 20X20 two story shed from Home depot for $8000. We will have one story (Roof not needed) 1200 SF living space which is 3 times more than a shed, so we allow $25,000 per unit times 8 units = $200,000.
We will use the same amount for interior finishings and wiring. So far we are at $700,000 New Paint and finish topside with artificial grass and gazebos and other small shaded structures for enjoying the outside, $300,000 for a total of $1,000,000. $1,000,000 / 8 = $125,000. $125,000 / 1200 SF = $104.17 per sqft.
We expect to make 1% of our cost (1mil) per month) in rent, if we wanted to rent instead of buy. 1% is 10 grand. Divided by 8 units is $1250 a month. A little steep but not out of reasoning. And I’m sure we can whittle that down a bit if we wanted to.
I am fairly certain, Wil can make a cement barge with those dimensions for that price as well.