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Updated over 1 year ago on . Most recent reply

Andrew Kessler's profile image
Andrew Kessler's profile image
Andrew Kessler
  • Rental Property Investor
  • from Akron, OH
  • Member since Feb 6, 2021
  • Posts 31
  • Votes 19
  • Experience 4 Yrs
  • Investments 3
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User Stats

31
Posts
19
Votes
Andrew Kessler's profile image
Andrew Kessler's profile image
Andrew Kessler
  • Rental Property Investor
  • from Akron, OH
  • Member since Feb 6, 2021
  • Posts 31
  • Votes 19
  • Experience 4 Yrs
  • Investments 3
Connect
Andrew Kessler
  • Rental Property Investor
  • Akron, OH
19
Votes |
31
Posts
Real Estate Deal Analysis & Advice

North Canton OH House Hack

Andrew Kessler
  • Rental Property Investor
  • Akron, OH
Posted

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $245,000
Cash invested: $8,000

House Hack
PITI: $1940
LTR Rent: $1250
Cashflow: -$690

Once I move out
LTR: $1250
LTR: ~$1250
PITI: ~$2025 assuming additional insurance costs
Gross Cashflow: ~$475

How did you finance this deal?

3.5% FHA

How did you add value to the deal?

Completely remodeled Kitchen and Full Bath.

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Jack Smith's profile image
Jack Smith's profile image
Jack Smith
  • Rental Property Investor
  • from Massillon, OH
  • Member since Aug 30, 2017
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Jack Smith's profile image
Jack Smith's profile image
Jack Smith
  • Rental Property Investor
  • from Massillon, OH
  • Member since Aug 30, 2017
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Jack Smith
  • Rental Property Investor
  • Massillon, OH
166
Votes |
208
Posts
Jack Smith
  • Rental Property Investor
  • Massillon, OH
Replied

There you go - Great job!  

Have you run into any issues with code inspections?  NC has really been cracking down lately.  

  • Jack Smith
    • 2 Votes
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