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Updated about 5 years ago on . Most recent reply

User Stats

122
Posts
70
Votes
Justin Johnson
  • Fort Smith, AR
70
Votes |
122
Posts

Is This A Good House-Hack Deal?

Justin Johnson
  • Fort Smith, AR
Posted

Would this duplex be a good house hack deal?  The first image is with the purchase price that I am wanting.  The second is using numbers from the county data with the last appraised price.  My monthly payment (if house hacking) would be about $309.40 which is less then half of what I am currently paying in RENT right now.  I have the capital saved up, but I am wanting a second (or third) opinion on if this deal makes sense.  This would be my first deal.  I am *so* ready to jump in, but I want to make sure that I do it intelligently and not just rush in and buy the first thing (I know I'll make mistakes but that's part of it).

With county data being used for the purchase price:

What the seller is asking:

Thanks!
JJ

  • Justin Johnson
  • Most Popular Reply

    User Stats

    122
    Posts
    70
    Votes
    Justin Johnson
    • Fort Smith, AR
    70
    Votes |
    122
    Posts
    Justin Johnson
    • Fort Smith, AR
    Replied

    @Elijah Brown, I took last year's total taxes and added 5% (they were the same amount for the last 3 years on the assessors website).  I will be going to talk to the county assessor tomorrow to find out what the taxes are to get good solid numbers.

    @Devon Keaveny, the screenshots are from BP, it's one of the calculators they offer on here.  You an use it a limited number of times for free (5 times I think?) and unlimited if you "go pro".  They are insanely helpful in calculating and playing around with numbers.

  • Justin Johnson
  • Loading replies...