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Updated 3 months ago, 09/18/2024
Is a fourplex right for me as a first home buyer?
Hi, I am trying to purchase my first home, a fourplex. My plan is to househack by staying in one unit and rest out other three. I have already analyzed my deal in the Rental property calculator, its coming out a negative COC ROI. Here is the breakdown of the deal:
home price: $380K
rental income: $3600/per month (4 units)
Need expert opinion on the deal.