HOUSE HACK_ ADVICE NEED IT

[Alex Xu]

Hello guys, I’m in the process of buying my first property for HOUSE HACKING in Baltimore Market! Advice needs it, please!! 

The property selling at $315k in Baltimore with a fully renovated basement, new roof, and sewage line, and basement.

Due to my calculations, total monthly expenses come about $2500 including;

-Mortgage, interest, and tax

-The vacancy rate of 8%

-Repair at 5%

- Cap ex at 9%

- Management fee at 5%

My plan is to live in one of the rooms and rent out the other and I have about $20 positive cash flow every month after all the expenses. Live there for 1-2 years and rent it out and maybe sell it within 5 years 

However, I'm worried about the future recession or house crash that the property will depreciate, according to Zillow the area is expecting to deprecate by 4% within the next year, not sure how accurate the data is but that is something worries me.

What other things should i be consider for house hack, this is my first purchase, very new to the game and hope to gain some insights from you guys! Thank you!