Hey all,

I'm definitely in the new camp. I would like to house hack, I found a duplex that's a 1/1 for the first unit, and a 3/1 for the second (room/bathroom.) Below are the number's I've come up with. Honestly I'm not sure how to evaluate operating expenses without a %. I have never purchased a home so I'm not sure how much some of these things would cost. Things that I've added in the 56%~ include: Cap expenses, property management, garbage, water. Is 56 too high? 

Could the numbers work on this unit? I've added the address below, maybe someone can shed some light on what I'm missing, and what I can learn from this. Thank you for taking a look

Purchase Price: $ 230,000

Amount Financed:- $ 184,000 80% LTV

Down Payment:= $ 46,000

Purchase Costs: + $ 6,900

Rehab Costs: + $ 5,000

Total Cash Needed: = $ 57,900

Gross Rent: $ 2,200

Vacancy: - $ 220 10% of Rent

Operating Income: = $ 1,980

Operating Expenses: - $ 1,100 55.6% of Income

Net Operating Income: = $ 880 $ 440 Per Unit

Loan Payments:- $ 988

Cash Flow: = -$ 108 -$ 54 Per Unit

Post-Tax Cash Flow: -$ 108 -$ 54 Per Unit

6330 28th St N, Saint Petersburg, FL 33702

Really thank you for your time, and helping me make an entrance in this world!