North Austin Duplex MTR Deal Analysis
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%
Current rent for the other unit: $2,650
Future rent for my unit: $3,000
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!