House Hacking by the numbers

[Austin Keelen]

My wife and I have located a duplex we're interested in buying I've ran the numbers and in my head they make sense but its always good to have other pairs of eyes look them over.

I'm using a VA loan with no VA fee (disability) and I'm not required to put any of my own money down.

-Down payment: $0

-Closing costs: $8,000

-Repairs: $3,000 (just to be safe)

-Cash Flow while we occupy 1 unit: - $358 (after vac,repair,pm,capex,PITI)

-Cash Flow when we move out: $250

------We plan on staying in the unit for at least 2 years (moving is exhausting). ------

-Total cash in the property after 2 years: $19,592 (Closing cost+Repairs+Left over PITI)

-1st year annual NOI (after we move out) : $3,000

-1st year Cash on Cash return (after we move out): 15%

$250 cash flow and 15% return seem like great numbers to me, especially since I don't have to put a large chunk of cash down all at once. Do these numbers make sense to everyone else? Thanks for looking!