North Austin Duplex MTR Deal Analysis

[Conner Olsen]

I am house hacking a duplex MTR in North Austin, this is the numbers for my deal.

Purchase Price: 435k in November 2020
Down Payment: 15%
Rehab: ~$60k
PITI: $2,250
Current rent for the other unit: $2,650
Future rent for my unit: $3,000
Utilities: ~$350/month
Vacancy: 5%
Capex and Maintenance: ~$350

Cash flow when I move out: $2,417.50
Cash on Cash: 23%
Current value: ~575k-600k

I obviously lucked out with 2021 appreciation, but almost all duplexes on the market now will cash flow ~$700-$1,000/month using this strategy!