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House Hacking

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Jeremiah Belocura
  • New to Real Estate
  • Drexel Hill, PA
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5
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First-time Philly House Hacker

Jeremiah Belocura
  • New to Real Estate
  • Drexel Hill, PA
Posted May 1 2023, 19:56

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!

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