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Updated over 3 years ago,
$200k Duplex House Hack
Hello BPs! I am trying to do the house hacking investment in the Philadelphia area with a duplex. I need a little help breaking down the number and my profit of the property I found.
Purchase Price $200,000
Monthly Rent from Tenants: $1,490
Mortgage: $1,175
Profit Monthly: $315
Down Payment:$7,000 (3.5%, using conventional)
In my offer we will be asking for sellers assist. Does the numbers seem correct for a house hack or is it priced too high? I am open to all feedback.