First-time Philly House Hacker
Hi all, first-time [future] house hacker. My wife and I are moving back to Philly and have found a duplex we're interested in, both units being 2 bed/1 bath at roughly 750 SF.
I used the BP Rental Property Calculator, which honestly I'm not sure I'm even using correctly and/or might be over or underestimating various factors.
Does this look like a good deal? Am I understanding correctly that our effective rent would be $1,767?
Even when we move out and rent out the other unit, currently I think this neighborhood would only get $1,400 each, so according to the calculator, it would still be burning cash instead of cash flowing.
Thanks for any help!