House Hacking Deal Sheet

[Tyler Lingle]

Check this out... I'm a realtor and this was deal analysis for someone looking to House Hack and move out after one year in. 

Rents for the deal are $1650 / side, one side already is leased out. 

Purchase Price: $385,000

Downpayment FHA 3.5%: $13,475

Closing Costs: ~$7,500

Cash to Get In (Cash Outlay): $20,975

Living expenses year 1: $1,227 / month

*Move out year 2*

Rent Cash Flows from Year 2: $5,364

Equity Built through Mortgage Payoff through Year 2: ~$11,000

Projected 10% appreciation over 2 year: ~$38,500

Total Return on Investment through 2 years: $54,864

Return on Investment Two Years in: 261% ROI