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Updated about 9 years ago on . Most recent reply

User Stats

133
Posts
37
Votes
Robert Andrade
  • Construction Trucking Owner / Operator
  • New Bedford, MA
37
Votes |
133
Posts

House Hacking help please

Robert Andrade
  • Construction Trucking Owner / Operator
  • New Bedford, MA
Posted

Hey Y'all

Im looking at a duplex that has potentially great #s when both units are rented but if I house hack for that first year or two there's no way to make the #s positive. 

       https://www.biggerpockets.com/calculators/shared/376407/ee3559e4-bd98-4736-acc6-df7d38de66ed    

cash flow of -$255 and CoC ROI -52.5%

once i move out and rent the second unit I'm looking at MCF of $460. and CoC of 54.99%

of course these aren't hard figures but probably pretty close. I'm using the BP rental property calculator 

does this make sense? Is this typical when hacking?

Most Popular Reply

User Stats

1,109
Posts
898
Votes
Mike Wood
  • Developer
  • New Orleans, LA
898
Votes |
1,109
Posts
Mike Wood
  • Developer
  • New Orleans, LA
Replied

@Robert Andrade$1875 rent for a $125-130k property sounds good to me, given what else you have said.

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