Property in the City of Rochester, NY
Take 2:
Hey Guys!
I have been looking for my first house with an end goal to house hack (because of the lower down-payment) and have positive projected cash flow. I am going to see this property tomorrow:
https://www.zillow.com/homedetails/39-41-Congress-Ave-Rochester-NY-14611/30895304_zpid/
From what I understand, it will probably sell for about 135K. If I got it for that, PITI should run ~$1200. From conversations as well as looking at the current listings for rentals in the area, it seems that you can get just shy of $500 per room (when renting to students) so the total would be ~$2400 per month if all 5 bedrooms were rented (given that I take one of the bedrooms). In which case, it should positively cash flow.
So what does everyone think? Are my numbers realistic?
Thanks very much in advance for your help! I really appreciate it!