Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
House hacking analysis
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