First deal analysis for 2 different strategies

[Ajay A.]

Hello Everyone,

First post from a newbie, so please go easy on me :)

I'm looking for properties in Idaho and my strategy is going to be either BRRR (buy-rehab-rent-refi) or

house hacking (if its convenient enough. I did a rough analysis using 50% rule, but not sure how to do the same kind of analysis for house hacking.

Lets say its this property at 123 Turner St.

Purchase price : $74,900

Offer price: $60,000

Down payment: $39,000 (65%)

property tax: $972/yr.

Insurance: $132/yr.

Property Type : Duplex (Owner Occupied)

Monthly rent from second unit: $410

Repair costs: Looked clean from the pics, estimate $2000 for new carpet and old wooden cupboards

Now, If I were to BRRR, and not live in it,

Including all costs should give me a cash flow of $218/mo

How would I analyse it for House Hacking? Just use one unit's rent? Or do I add in the current rent I'm paying since I'd be staying rent free?

If I use 50% rule and only use rent from 1 unit (since I'll be staying in the other) I get a cash flow of $13/mo. (woohoo! ;-) ) , with the additional gain of living rent-free,

If I were to add in my current rent ($655/mo.) to the rent from 1 unit, it would give me a cash flow of $340/mo.

I'm just trying to compare strategies here (BRRR vs House hacking) and not sure if I'm doing the right kind of quick analysis. Appreciate any assistance, Thanks!