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Updated over 5 years ago on . Most recent reply

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Kennedy Nguyen
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Expected Cash Flow if Living in First Rental Property

Kennedy Nguyen
Posted

Hello,

I am currently considering purchasing my first rental property which I expect to live in for the first year.  The place is 3 bedrooms and I plan on living in one and renting the other two rooms. 

Let's say for example, the property is 225k with a 20% down payment and I expect to collect $1,600 monthly for renting two rooms, will I be cash flow positive? Will I also include what I would normally pay as rent into the calculation as well?

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