[Calc Review] Help me analyze this deal

[Sebastian Roy]

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*This link comes directly from our calculators, based on information input by the member who posted.

Hey everyone,

I just came across this duplex on zillow and ran the numbers in the attached report. Its a 4 bed, 4 bath duplex listed 36 days ago for $279,000. It has a spare room which could possibly be turned into a 3rd bedroom. Both units are currently rented for a total of $1950/ month, which is well below market rent. Using the current rents, the property is negative cash flow but using conservative market rent at $1300/ unit for a total of $2600/ month, the property is cash flow positive $68 which would be acceptable as a first house hack ($2600/ month assumes I am renting both units and not living at property). I would be house hacking it and do not yet know if the tenants would like to stay. I have not yet seen the property in person but it looks like it will only require minor cosmetic repairs (paint, flooring, trim, cleaning). I would definitely plan to increase rents to market rate over time.

My options I can think of are: 

-rent 1 unit long term and live in other (rent out other 2 bedrooms in my unit if possible)

-rent 1 unit short term as property is directly across the street from a lake, live in other and rent out other bedrooms long term.

-rent both units out (either long term or short term) and do the rv house hack.

Any advice or opinions would be greatly appreciated!!

Cheers.