Does This House Hack Deal Make Sense? (Dallas)

[Cole Koeppen]

Hi BP Community,

I am going back and forth on a duplex in Dallas that I'm looking to house hack. I haven't been able to find a decent duplex in a good area that meets the 1% rule, so I'm considering one that checks all other boxes for me. The numbers on the deal are below:

-$6100 PITI (5% down owner occupied)

-$2600-$2800 monthly rent per unit

-Off market deal near Richardson High School

-Both units fully renovated

I would essentially be betting on the long term appreciation of the DFW real estate market as well as long term rent growth. I could pretty comfortably afford my monthly out of pocket payment due to income and help from my partner. My concern is not being able to move out for 3-5 years for the property to be slightly cash flow positive. The property is nice enough and in a good enough location that I would be comfortable living there for that amount of time, but I am ultimately looking to make money on this deal. Am I better off just renting and investing elsewhere? Any guidance would be appreciated. 

Cole Koeppen