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[SF Bay Area] How much taxes to I pay when I rent out my ADU?

I just got in contract with my new home in the Bay Area. My monthly PITI of ~8000$ are stretching my budget to the limit (I am definitely "house poor" and hope we survive on water and ramen the next few years).

The house has an ADU which I'd like to rent out and any additional income to offset the high costs would be extremely helpful!

But I am scared about the taxes that I have to pay. Suppose monthly 3000$ property taxes, 100$ home insurance, 4900$ principal+interest and I can rent out the ADU for 3000$/month. How much taxes do I need to pay on the 3000$ rental income?

Because realistically I don't make income because my expenses are way higher. On the other hand, I also live in the main building so it's not clear to me how this works.

Bonus: Is there any difference regarding taxes if the ADU is not permitted?

submitted by /u/segdy
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ts115h/sf_bay_area_how_much_taxes_to_i_pay_when_i_rent/
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