Construction costs are around 300K and the comps are at 500K plus. 

But effective?  

House hacking is a strong option if you're comfortable managing tenants, as it allows you to build equity while reducing housing costs.

Would you mind sharing the cost?

Have reserves for vacancies, repairs, and closing costs.

Over the next year, a modest 0.8% decrease is projected, indicating a potential cooling of the market.Norada Real EstateDespite high housing costs contributing to population shifts, the Portland real estate market remains resilient.

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

The total cost including construction and permits (but excluding the land) comes to about $2.14 million.

It’s a great way to get started in real estate and will offset your living costs when you do move out on your own.

The CF is only playing catchup to the cost to you of the property.