[Calc Review] Help me analyze this deal

[Tiara Jackson]

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*This link comes directly from our calculators, based on information input by the member who posted.

My husband and I are considering renting out our primary residence and purchasing this duplex - we would rent out the main 4b 2ba house and live in the 1bd 1ba apartment above the separate 2 car garage. The deal shows a negative cashflow of around $500 because we'd be living in the garage apt. Our plan is to live in the apartment for 1 year then move out and either find another house hacking opportunity or move back into our primary residence. We're new to analyzing deals and would love any input or feedback on whether this seems like a good deal or not. 

[Kevin Sobilo]

@Tiara Jackson, redo the calculations and add in the rent the market rent for the unit you will occupy. Pretend you will pay this rent while you occupy it. This way you will see how this duplex will function as an investment property on its own when you are no longer living there.

I think that is a more fair way to evaluate "the deal". You living there as a house hack for a year is just part of the process to make the deal work with the kind of financing you can get for an owner occupied home.