Denver MTR House Hack- Deal Analysis

[Ben Einspahr]

As an active house hacker who enjoys helping others do the same, I find myself analyzing properties every day. 

Unfortunately, many of the deal analysis I have done in the past have already been sold.

Going back through my old analysis, I have 2 choices:

1. 1. Let them sit on my computer and collect dust...
2. 2. Share them with the BiggerPockets community for others to learn from!

I'll choose number 2!

Analysis Date: June 2023

About this house hack

• -5 bed / 3 bath.
  • -Main level is 3 bed/ 2 bath
  • -Basement mother-in-law is 2 bed/ 1 bath
• -$530,000 price point
• -2,000+ sqft

Why I like it

• -Separate entrance to the basement
• -High bedroom and bath count
• -Ability for 2 sets of washer and dryer
• -Basement bedrooms already had egress windows
• -Plenty of parking

Potential renovations

• -Framing small wall to give guest on the main level privacy
• -Exterior landscaping
• -backyard privacy fence for guests

What my numbers look like AFTER moving out

A Few Photos 

Summary:

Numbers for this property are VERY tight with the higher interest rates. 

Might make more since as a life style house hack vs future rental house hack?

Benefit, you are getting 60% + return on your initial investment.

Deal Analysis Spreadsheet

If you would like a copy of the spreadsheet I used for this analysis or see some others I have done, reach out! 

I am happy to share.

[Benjamin Sulka]

Ben,

Do you use Excel for your analysis? 

I love this spreadsheet and I've been looking for a template to analyze rentals with. 

I appreciate your sharing this analysis. 

All the best! 

-A fellow Ben 

[Ben Einspahr]

@Benjamin Sulka your welcome! I use the same spreadsheet for all rental analysis (STR/MTR/house hack/traditional rentals).

Ill DM it to you along with youtube link how to use it