1st house hack in Colorado
Hey BP! I am looking to do my first house hack and I found a deal for 4 bedrooms 2 bathrooms 1600 sf home.
The family potential rent income could be 2100 (estimated on rentometer) although I’m thinking I’d rent out each room for an average of $500 a room. And live in the 5th non conforming bedroom.
So 4 rooms x $500 = $2000 a month cash flow
My mortgage would be around $1200 and it’s a newer home and I’d live for free.
Thoughts?