SFH tell me how the numbers look. (House Hack)

[Ondrej Brown]

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Want to house hack . 3 beds 1 bath. Basement rent gone be $300. then the (2) room upstaris I was gone do room for rent for the price of $400 each.

Tell me how the numbers look.

[Jimmy Lieu]

Hi Ondrej,

I am looking to invest in the Columbus OH area - would love to connect.

Did you account for the cost it would take to make your property rent ready?

Also, with a FHA loan you will need to pay upfront MIP and monthly MIP because it's lower than 20% down.

Also, the rent to price ratio is over 2%. Are you sure the property doesn't need major rehabbing or is in a bad neighborhood?