Minneapolis HouseHack Analysis

[AJ Smith]

2909 13th Ave S, MPLS 55407

Number of Units: Duplex (U/D)

MLS# 5429792

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Property Listing Price = $229,900

Sqft: 1632

Rehab Price/SqFt = $0 (move in ready)

Total Rehab Estimate = $0

Total Cost (Purchase + Rehab) = $229,900

Minimum Down Payment Required for Purchase (5%) = 11,495.00

Loan Amount (Total - 5% Down Payment) = $218,405

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Estimated Monthly Payment (PITI +PMI) = $1535.44

Fixed Landlord Expenses (Electric, Water, Sewer, Garbage, Shoveling/Lawn) = $300

Reserves (15% of full occupancy rent) = $360

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TOTAL Est. Monthly OpEx (PITI + PMI + Fixed + Reserves) = $2195.44

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Estimated Monthly Rent (while househacking) = $1800

Est. Cashflow (while househacking) = $(395.44)

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Estimated Monthly Rent (full occupancy) = $2400

*************Est. Cashflow (full occupancy) = $204.56***********

*************CoCROI = 21%****************

Beats my $100 per door cash flow rule.

Would love to hear y'alls thoughts.

Also feel free to go after it/analyze it yourself if you are interested! Can't pursue it myself so I am here to spread the love <3