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Updated over 8 years ago on . Most recent reply

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9
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Bryan Cerro
  • Milwaukee, WI
0
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9
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House hacking analysis

Bryan Cerro
  • Milwaukee, WI
Posted

What do you all think of this property? I'm planning to house hack for the first time and could use an opinion or two. I plan to manage myself and it does need a new kitchen in one of the 2 units along with a rearrangement of the bathroom (no shower, just tub) and possibly an appliance in the other unit which I haven't accounted for.

2x2 Duplex 

List price: $118,900

Rent for both: $1400

P&I: $515.23

Utility cost: $150

Property tax: $263.42

Maintenance/Repairs: $140

Insurance: $105

Total Expenses: $1,173.95

Cash flow with 5% vacancy: $156.05

It looks good to me but tell me what you think, do the repairs/changed I mentioned ruin my returns to a point where its not a good deal?

Thanks!

Bryan

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