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Updated almost 4 years ago,
ROI and Cashflow for a House Hack in an Expensive Area
I live and work in Research Triangle Park and currently rent a room in downtown Raleigh.
I just recently completed the Guide to House Hacking book and am having a hard time understanding if net worth ROI or cash flow should be a bigger priority. For a move in ready house in this market, there is really no way to positively cashflow more than 100$ and a lot of properties I have assessed would have negative or break-even cashflows. These same properties would return me 10-15% yearly on my initial investment which is why I do not know which is more important and why. This is kind of a vague post but any input or opinions from people in a similar situation would be greatly appreciated!
Some extra information: I am looking at single family homes under 350K and am looking to put a 3% down payment on the property. My analysis is already factoring in a 250$ reserve (~15% gross income).