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Ondrej Brown's profile image
Ondrej Brown's profile image
Ondrej Brown
  • Rental Property Investor
  • from Cleveland, OH
  • Member since Aug 30, 2019

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150
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Ondrej Brown's profile image
Ondrej Brown's profile image
Ondrej Brown
  • Rental Property Investor
  • from Cleveland, OH
  • Member since Aug 30, 2019
Ondrej Brown
  • Rental Property Investor
  • Cleveland, OH
47
Votes |
150
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Buying & Selling Real Estate

SFH tell me how the numbers look. (House Hack)

Ondrej Brown
  • Rental Property Investor
  • Cleveland, OH
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Want to house hack . 3 beds 1 bath. Basement rent gone be $300. then the (2) room upstaris I was gone do room for rent for the price of $400 each.

Tell me how the numbers look.

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Jimmy Lieu's profile image
Jimmy Lieu's profile image
Jimmy Lieu
  • Real Estate Agent
  • from Columbus, OH
  • Member since Feb 20, 2019

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Jimmy Lieu's profile image
Jimmy Lieu's profile image
Jimmy Lieu
  • Real Estate Agent
  • from Columbus, OH
  • Member since Feb 20, 2019
Jimmy Lieu
  • Real Estate Agent
  • Columbus, OH
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Jimmy Lieu
  • Real Estate Agent
  • Columbus, OH
Replied

Hi Ondrej,

I am looking to invest in the Columbus OH area - would love to connect.

Did you account for the cost it would take to make your property rent ready?

Also, with a FHA loan you will need to pay upfront MIP and monthly MIP because it's lower than 20% down.

Also, the rent to price ratio is over 2%. Are you sure the property doesn't need major rehabbing or is in a bad neighborhood?

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Jimmy Lieu, Red 1 Realty
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