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Updated about 7 years ago,
Is This a House Hack Option?
Does this makes sense for a house hack?
Listing Price - 280k
Rehab using a rehab loan - 100k
Rent for downstairs apartment $2,200/mo
Taxes - $9,500
After accounting for all in cost including 20% down payment, I’d still have to shell out about $6,500/year. Id love to be getting cash flow but I also need a place to live. This would be cheaper than renting anywhere else in NY.
TIA