Cash on Cash Return after House Hacking
Should you consider the money that you are no longer paying in rent when doing your first deal figure into your cash on cash return? I am paying 18k a year in rent. I plan to hack a 3 unit property with numbers that create positive cashflow and eliminate my living expenses.
So if the property generates 300 per month cash flow and now I'm not paying rent of 1500 any longer, is my positive cashflow now 1800 on my first deal?