Good afternoon,Could anyone help me to estimate my monthly expenses if I rent out my single-family house in Sutton, MA?

If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.

I'd estimate the current value of the property around $1M. 

This was very hard and time consuming, but I'm on the other side of the permitting process and ready to build.I am estimating the 6 cabins will be about 900k to build and will be worth 2x that when built.

Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level. 

If you can get a loan at the 6.5%, you're saving another 5k a year off your estimates. 

It’s always a good idea to consult a local real estate attorney and title company for more accurate estimates in your area.

Do your underwriting and be conservative in your estimates. 

Make sure you are using the estimated taxes shown at the Stark auditors site to check on them for next year as there are some significant increases coming!  

Yes I think estimating 5% would be a good start and then once you know the school district you can get a better idea of what to expect.