Updated 3 months ago on . Most recent reply
SFH vs MFH for First Ever House Hack and # of Bed/Bath
Hello! I am very interested in house hacking in the Hampton Roads Area (Norfolk, Newport News, Hampton, and surrounding cities) and one of the criteria I'm trying to figure out is whether I should look for a single family property or multi family property. I'm 23 and have no problems living around random people. My ultimate goal is to have my mortgage completely covered or even cash flow, if possible, and it would be great if the property appreciated over time. I know this is a lot but additionally, I am curious to know how the number of beds/baths affects the overall result in terms of cash flow for both single family and multifamily.
Any insight is extremely appreciated!
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#5 All Forums Contributor
- Real Estate Agent
- Columbus Cleveland Dayton, OH
For a first house hack, focus on how many rent streams you can create and how efficient the layout is. Small multifamily usually beats a SFH because multiple units help cover the mortgage, while extra bedrooms typically boost rent more than extra bathrooms (within reason).
That’s why many beginners gravitate to Midwest markets, lower entry prices, solid rental demand, and a much better chance to break even or cash flow while you build experience and equity.